Everyone has heard of PayPal, and even if you aren't necessarily using it yourself, you must know there are plenty of benefits that come with it. In this article, we would give you the information you need to start using PayPal and the best betting sites that allow it as a payment method right now.
Top Ten PayPal Bookmakers
The following bookmakers use PayPal as a payment option for punters looking to make deposits and withdrawals.
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Betfred
Betfred is a popular UK bookie not only with an online platform but with plenty of betting shops around the country. It offers its customers enough betting options and cool bonuses like the Betfred promo codes that include cash, free bets, and odds boosts. The platform has a mobile app with all the features available on it, like live-streaming or cash-out.
BetVictor
BetVictor is exceptionally famous in the UK, and they offer their customers an easy-to-navigate platform and user-friendly mobile app. Their welcome offer attracts many new customers, and they provide col features like streaming, in-play, and cash-out.
Unibet
Unibet is one of the most popular betting companies in Europe, and they have a positive reputation in the UK. The Unibet Sportsbook features many sports and is one of the best when it comes to football matches.
Betfair
Betfair is an iconic brand in the United Kingdom which has a long history and inspiring achievements. They were the ones who created the betting exchange, and years later are the still top online exchange providers in the world. They also have a user-friendly platform with many wagering options. The Betfair sign-up offer detailed here is fully compatible with Paypal.
Coral
Coral's Sportsbook is one of the largest in the world. They feature many sports, including not-so-popular ones like Water Polo, Bandy, Chess, Sumo, Squash, and more. You can find multiple betting options for popular events and a fantastic array of features, including attractive promotions, live streaming, virtual sports, and more.
888 Sport
888 Sport is an established brand with an exciting website design that many people adore. They offer one of the best mobile betting apps, and a wide array of sports and markets you can place bets on have an easy-to-use interface and great in-play markets.
William Hill
William Hill promo code has a long history in the UK, and the brand deserves our praises. They are famous for giving their customers the best bonuses, including flash odds and bet boosts. They also provide a wide array of betting options on multiple sports and have attractive features like William Hill TV or Racing Radio.
Bet365
Bet365 is the most popular betting site in the world. It has many customers and maybe the largest pool of betting options you can find on the internet. You can play on the computer on their amazing mobile app, which is available on multiple operating systems. They are also famous for the fact they created the Bet builder feature.
Mansion Bet
Mansion Bet is relatively new to the sports wagering world, but they already made an impression by being declared the best customer service company for 2020. they have many sports to choose from and several cool features.
SkyBet
SkyBet is one of the top sports news providers in the world. Their betting platform is unique and easy to use. They also have everything you would need to wager and have fun on their platforms such as live betting and streaming, cash-out, Bet builder, a wide array of sports and markets, and more.
Other betting sites available with PayPal
Nowadays, more and more betting sites incorporate PayPal into their banking options, and it's tough to choose the best betting sites out there with so many options and new options popping up every day. Here is a couple of more PayPal betting sites you can check out:
- BetRegal
- Paddy Power
- Ladbrokes
- Novibet
- Virgin Bet
- Play Sport
- Betsafe
- 10Bet
- Tonybet
- BETDAQ
- Boylesports
- NetBet
What to look for at PayPal betting sites
Although we’ve given a breakdown of the top PayPal sportsbooks in the UK, let us give you a list of important criteria. Sticking with the below points is a surefire way to unearth the best PayPal betting sites:
Generous welcome bonus
When you decide to sign up with a new UK PayPal site, it’s nice to be rewarded. With that said, certain welcome bonuses are significantly better than others. So for that reason, make sure you sign up with sites that have a low qualifying requirement along with a large monetary incentive.
Mobile availability
All of the PayPal betting sites mentioned have a solid desktop site. But the absolute best in the business have native apps to accompany the desktop offerings. These apps are slick, extensive, and they provide you with the perfect platforms to take your betting on the move. Of course, there will also be the option of placing wagers through optimized mobile sites.
Sports coverage
To get the best online betting experience, it helps to pick PayPal sportsbooks with a wide range of sports to bet on. In addition to this, it’s beneficial to find sites that also offer tons of betting markets for popular sports. This combination means that you’ll always have something enticing to bet on.
Competitive odds
Odds vary from site to site. But on the whole, certain UK sites will consistently offer better odds than others. Those are the sites you should be looking to make your bets at. Doing this over and over again means that you’ll stand to make a considerably better return in the long run – subject to how your bets perform, of course.
Other special features
“Special features” is a catch-all term that details things like cashouts, streaming, bet builders, enhanced odds, and more. On that note, the more special features that PayPal betting sites offer, the more advanced they are.
What is PayPal and How to Deposit and Withdrawal Using It as a Payment Option
PayPal is one of the oldest e-wallets created, and it's used for payment purposes across multiple industries, including online shopping, online sports wagering, and more. The company has been around 1998 and provides services to over two hundred million customers worldwide in over two hundred countries. The e-wallet is available in over a hundred currencies, and you can have funds in multiple currencies on the same account.
Other e-wallet providers, like Skrill and Neteller, were the first ones to make an appearance at any Sportsbook online page. Still, PayPal is the most trusted one of them all, and even though they arrived late to the party, people prefer to use their services than any other e-wallet out there.
Creating a PayPal Account, and Linking It to Your Bookmaker’s Account
To use the PayPal option, besides having a bookie account, you will also need to create an account at the official PayPal website. To do that, you have to go to their page and click on the Sign-Up button near the top corner. You will have to choose if you want to open a “Personal” or a “Business” account. We recommend that you choose to create a “Personal” account.
The next step is to fill out the registration form with your details, like name phone number, address, etc. The last step before you can use your account after registering on the PayPal platform is to verify it. You can do that by linking a bank account to your profile.
Later you can connect bank cards as well, and if you plan to do that, we recommend you attach a Debit card instead of a credit card. The UK Gambling Commission doesn't allow Credit cards to be used as a payment method by any licensed bookmaker, so if you connect a Credit card, you won't be able to use PayPal as a payment option. Here is how you can link your bank account or card to your PayPal account and validate your profile.
- Log in to your PayPal account and navigate to the “Banks and Cards” menu below the buttons for sending and requesting money.
- Click on the “Link a Card or Bank” button and pick which one to connect a card or a bank account.
- Enter your IBAN/card number and banking institution.
- Deposit a minimum amount to the PayPal account via your bank or card.
- PayPal would return those funds to you and insert a unique code to the transaction.
- Wait a few days for the transaction to appear in your card/bank statement and get the code.
- Open the PayPal linking page again and enter the code from the statement.
After you verify your account by following the steps of this process, you can use your PayPal account to make deposits and withdrawals on any bookmaker platform that allows the method.
Depositing via PayPal
Depositing via PayPal is instant and straightforward. You have to open the bookie site and log in to your account. Next, you have to open the deposit menu and click on PayPal to select it as an option. Type in the amount you want to deposit and click on “deposit.” Once a page appears, you need to log in with your PayPal account details.
Suppose you don't have an account refer to the previous paragraph to create one and verify it. Authorize the payment via the PayPal page, and your deposit will be made. If you are using a mobile device, you can download the PayPal mobile app or log in via their mobile site.
Withdrawing via PayPal
Withdrawing using an e-wallet is also very easy. You have to log in to your bookmaker's site and find the “Withdrawal” page. Click on it and find PayPal as a withdrawal method. Note that some bookmakers only allow their customers to withdraw to the last deposit method used on the account, which means that you would have had to deposit via this method to use it as a withdrawal option. Enter the amount you want to withdraw and click on the final button.
Once the bookmaker processes your request, your funds would appear in your account instantly. That process usually takes about twenty-four hours, and if you haven't received your funds after that, you should contact the bookmaker customer support for more information.
Tips to protect your PayPal account
Since you will be using PayPal as a primary payment method for your online betting activities, it’s a good idea to protect your account. This can be done by completing the following:
Two-factor authentication
If you’ve never done this before, don’t worry, it’s pretty easy. You’ll download the Google Authenticator app, and then link your PayPal betting account. Each time you log in you’ll then need to enter the unique code from the app.
Strong password
This should go without saying really, but it’s worth mentioning for those who don’t always follow up on this. A strong password is the best way to prevent your account from being compromised. It should comprise of upper case letters, special characters, and numbers.
SMS log in confirmation
Another step you can take is to set up SMS log-ins for your account. Alongside the other tips, each time you log in you’ll then get an SMS verification code. You’ll need to enter this code to gain account access.
Advantages and Disadvantages of Using PayPal as a Payment Option
There are plenty of advantages to using PayPal as a banking option. Some of them are:
- The e-wallet offers minimal processing times.
- It's a popular and established e-wallet around the world.
- PayPal has many years of experience in dealing with online transactions.
- It's highly secure and uses all the latest measures to ensure the safety of each transaction.
- It notifies you via e-mail or text message on each transaction.
- The transfers between your bank/card and PayPal account are instant.
- PayPal allows mobile transactions, and their mobile app is user-friendly.
- You can use multiple bank accounts and cards on your PayPal account.
- You don’t have to share your card details with the betting site.
If we are talking about the advantages, we have to mention the disadvantages as well.
- Only some bookmakers support this payment method.
- PayPal transactions are documented, and authorities in your country may review them.
- Some institutions charge a fee for the use of PayPal, but most transactions are free.
- In some promotions, PayPal isn't a suitable deposit option, and you would have to check the terms and conditions of the offer you are trying to get to be sure.
Frequently Asked Questions
Does PayPal charge its customers for the deposits or withdrawals?
PayPal deposits are free, while the company charges a percent commission on all withdrawals. The percent depends on the tier the transactions fall under, but it's usually three or four percent.
Are my funds secure in a PayPal account?
PayPal takes the security of its customers seriously. They use high-end data encryptions, security keys, and more to make sure your funds are secure. PayPal takes six levels of precautionary measures for each transaction you make.
Is the PayPal mobile app available on Android or iOS?
Yes, it is. The app is on the App Stores related to each operating system, and it's 100% free.
Are the minimum and maximum withdrawal limits of PayPal the same for all bookmakers?
No, they aren't some bookies that allow lower and some higher limits. The most common limits used for PayPal are £10, minimum, and £5,500 maximum.
How long do I have to wait for the verification code to appear in my statement?
That depends on the country you are using their services in, but for the UK, you will have to wait a couple of business days for the code.
Can I use PayPal to deposit my first time to any bookie?
Yes, you can. But you have to make sure it's following the promotional terms and conditions of the bookmaker welcome bonus. Some bookmakers don't allow customers to get the bonus if you deposit via e-wallet.
Top Three E-Wallet Alternatives to PayPal
Skrill
Skrill is a free-to-use e-wallet which mainly focuses on low-cost international money transfers. By opening a Skrill account, you would also have access to Skrill prepaid Mastercard. You can also use Skrill to buy and sell cryptocurrencies. You can also download their mobile app to track everything, transfer money, or deposit and withdraw from your phone.
Neteller
Neteller is also a very popular e-wallet mainly used for transfers between merchants, trading firms, social network firms, and companies and their customers. You can choose to transfer your money to your bank account or the Net+ prepaid card. All you need is your Neteller login information to make a transaction.
EcoPayz
EcoPayz is a similar service to Neteller. It is free, and you can deposit or withdraw finds from around the world. The payments are secure, and you can use your ecoCard at millions of locations around the world. You can even open up to three ecoCards, all in different currencies for your convenience.
