Betting Sites That Accept PayPal | Bookmaker Comparison
Electronic wallets are among the numerous payment alternatives to credit and debit cards that are gaining wider acceptance and use by all consumers. This is especially true for online bookmakers and the punters that are using their services. Many people prefer to use services connected to their bank accounts in lieu of using debit cards and due to the fact that there are so many betting sites that accept debit cards. Surely one of the most well-known, and most widely-used options is PayPal, one of the numerous companies from Silicon Valley that has been able to disrupt so many parts of modern life.
PayPal is clearly an advantageous payment method for online gambling sites because it’s safer than directly tethering your bank account details. When using PayPal, you just have to enter your login, which is your email address, and password. You won’t have to expose any of the numbers from your bank and/or cards. The encryption technology ensures security throughout all processes in the consumer journey, and the 24/7 vigilance ensures that if there’s any sort of suspicion of fraud, measures are in place for you to get your money promptly returned to you.
Not only that, the majority of OpenOdds’s top-rated online bookmakers accept PayPal as a payment method. If you’re keen on adding PayPal to your payment methods, we’ll not only give you a general overview of the service but also what to watch out for. And of course, let’s not forget who actually lets you use PayPal. We’ll also tell you what the deposit and withdrawal rules are for each site, giving you all of the information you need to make the most-informed decision.
- Many of the top online bookmakers in the industry accept PayPal for deposits and withdrawals.
- The majority of these sites do not charge fees for deposits and withdrawals done with PayPal, and they get processed faster than other payment methods.
- In spite of the numerous advantages in terms of transaction safety with PayPal, many of the online bookmakers will not allow PayPal users to access the numerous welcome offers that are given out to get more users onto their site.
- You’ll get charged a small fee for receiving money to your PayPal account, which may not be ideal for those who don’t want their pence to get pinched for winnings.
Best Betting Sites That Accept PayPal
|1||95 / 100||£30 Freebet||Betway review|
|2||94 / 100||100% on first deposits||Bet365 review|
|3||92 / 100||200% in free bets||William Hill review|
|4||91 / 100||deposit bonus up to £100||myBet review|
|5||91 / 100||Bet £10 and Get £30||betfair review|
|6||90 / 100||No Bonus available.||Pinnacle Sports review|
|7||90 / 100||£20 bonus on signup||Skybet review|
|8||90 / 100||£30 Money Back||Unibet review|
|9||89 / 100||£30 in Free Bets||Paddy Power review|
|10||89 / 100||£88 Freebet||888 review|
|11||89 / 100||Stake £10 get £30||betfred review|
|12||88 / 100||£30 in Free Bets||BetVictor review|
|13||88 / 100||50£ Freebet||Ladbrokes review|
|14||88 / 100||100% on first deposits||Tipico review|
|15||87 / 100||deposit bonus up to €150||Sportingbet review|
|16||87 / 100||100% up to 20£ free bet||Stan James review|
|17||87 / 100||Up to £10 on first deposit||Smarkets review|
|18||87 / 100||100% up to £10 free bet||Youwin review|
|19||86 / 100||up to €50 bonus||bwin review|
|20||86 / 100||100% up to £45 bonus||Betsson review|
|21||85 / 100||deposit bonus up to €100||Interwetten review|
|22||85 / 100||50% sign-up bonus||Dafabet review|
|23||85 / 100||Bet £5 get £20||Coral review|
|24||84 / 100||£20 on first deposit||BetStars review|
|25||82 / 100||50% matched bonus||TonyBet review|
|26||82 / 100||up to £25 free bet||188Bet review|
|27||82 / 100||50% on first deposits||NetBet review|
|28||81 / 100||Get £25 in free bets||Betdaq review|
|29||81 / 100||Bet £10 Get £20||Boylesports review|
|30||80 / 100||100% matched bonus||Luxbet review|
|31||77 / 100||100€ Cash-Back Bonus||BetClic review|
|32||77 / 100||Bet £10 get £20||Betsafe review|
|33||76 / 100||Bet £5 Get £20||Betbright review|
|34||75 / 100||100% on first deposits||Titanbet review|
|35||73 / 100||Up to €50 on first deposit||SuperLenny review|
|36||72 / 100||50% up to £200||10Bet review|
|37||71 / 100||50% up to £50||RaceBets review|
|38||70 / 100||deposit bonus up to €77||Expekt review|
What is PayPal?
Since 1998, PayPal has been one of the biggest players in digital payments. As it says on their corporate website, “PayPal gives people better ways to manage their money, offering them choice and flexibility in how they are able to send money, pay or get paid.” PayPal is publicly listed on the Nasdaq Stock Exchange in New York and is accepted and utilised by millions of people worldwide.
Founded by Peter Thiel, one of the first major investors of Facebook and the current force behind the demise of news site Gawker.com, it was purchased by eBay in 2002. The acquisition from eBay meant that PayPal stopped processing online gambling transactions very soon after the merger. In 2009, they decided to get back to processing these transactions, and since the UK was the only country where online gambling was fully legal and licensed, PayPal became an option for loyal British punters. However, in 2015, PayPal and eBay split again into two companies.
PayPal reports that there are 192 million active customer accounts that are used by people in more than 200 countries. With that, customers are able to be paid in more than 100 currencies, withdraw to their bank accounts in 56 of them, and PayPal members are able to hold PayPal balances in 25 currencies. Naturally, one of the currencies serviced by all of these capabilities on PayPal is the trusty British Pound Sterling.
Why is PayPal a good payment option for punters?
As you’ve seen, PayPal is an incredibly well-known online payments portal. And it’s a good payment option because it’s safe. It has the brand equity that has earned the trust of people the world over. In addition, the fact that you keep your bank account separate from your online betting accounts is adding another layer of safety for your money. And in terms of online betting, they’ve done a very good job vetting which online bookmakers to trust. As you’ll see on our list, the majority of sites that accept PayPal are the biggest brands on the ‘UK market and are often publicly listed in London.
PayPal is an advantageous platform nowadays because of the increasing prominence of payments from mobile devices. It’s also not surprising that 28% of all of the 4.9 billion payments that PayPal processed in 2015 were made from mobile devices. Since more and more punters are playing via mobile web or organic apps, connecting your accounts via PayPal makes it even easier and safer to punt on your mobile than ever before.
What caveats are there?
One main caveat is that PayPal’s not the cheapest payment method out there for punters. Even though the money you deposit is deposited instantly in the majority of cases, while very quickly and others, you will be charged a percentage for all of the money you have coming into your PayPal account. There are no fees is you attach your bank account to your PayPal account, but you will be charged a 2.9% fee if you use your debit or credit card. The percentage commission is usually a few points. However, transfers from your PayPal account to your bank account are free.
Another is that some promotional offers do not apply to PayPal bankrollers. This is something that you must check in the Terms & Conditions of each promotion. It may be possible to have multiple payment methods on some online bookmakers so you can get around that one loophole.
The complete list of online bookmakers that accept PayPal
Bet365 is one of our favourite bookmakers on OpenOdds because we believe that it is one of the top performers in the British market. They deliver stellar results in all areas: the plethora of sports, the other gaming options you have as well and of course, they have plenty of different promotions you can capitalise on. There’s a £10 deposit minimum and a limit of £5,500; the same minimum and limit applies to withdrawals. They don’t charge any fees and they’ve got by far fastest turnaround times for withdrawals coming back to your account than a credit or debit card; it will be in your PayPal balance within 24 hours.
Ladbrokes is one of the other big-time bookies that was the first on the scene. Ladbrokes is known for having extensive horse racing and football markets that are ideal for attracting the core punters in the British market. They have both retail betting shops and online which is ideal for those who like having both channels. Their pending merger with Coral will improve their standing as one of the top bookies known for promoting sports betting in British society. Ladbrokes has a deposit and withdrawal minimum of £10. While all deposits are instantly credited to your account, they unfortunately are a little bit slower than some of their counterparts. The withdrawals will show up to your PayPal account within 48 hours.
Another one of the multi-channel powers, Betfred’s known for many of its special bets, including the Lucky 15 Bet created by one of their founders as well as the Double-Delight and Hat Trick Heaven promotion. They’re also huge United supporters, so if you’re a United fan, you have to be on Betfred. They’re also the owners of Totesports, making them the epicentre of tote betting. The deposit minimum for PayPal users on Betfred is £5 with the money immediately being processed into your account. The maximum deposit amount is £15,000. As for withdrawals, while the withdrawal minimum is the same as the deposit minimum (£5), the withdrawal maximum is £5,000. With both deposits and withdrawals, there are no fees. As for withdrawal times, you’ll see your money back in your PayPal balance within 48 hours while all deposits are instantly credited into your bet slip.
BetVictor’s known for having really generous deposit limits, effectively leaving it up to the banks to place the limits. This works for debit cards, meaning that for all of you big-spending punters you’ll be sure to want to use them. Now, what are the minimums and maximums for deposits and withdrawals? The deposit minimum is £10 and there’s a deposit limit of £5,500.
As one of the newer sportsbooks, they aim to create winners, hence the name. They have 20 sports in their sportsbook, along with bets for sports and entertainment. Even if it’s a newer player that’s working to improve the quality of their site, they do have some more stringent withdrawal requirements. Their minimum is the highest in our online bookmaker comparison, £20. Even though there are zero withdrawal fees, it can take up to 10 days for your money to get back into your account. This could suppose some major headaches for some of you.
One of the other big players on the UK market, they revamped their website in the past few years to up the ante among the other bookmakers that offer online, mobile, and retail. As for deposits and withdrawals, Paddy Power clearly is making a distinctive mark when it comes to servicing PayPal customers. The deposit minimum is £5, putting you on the same player field as debit and credit cards. The deposits are immediately processed and free of charge. As for withdrawals, they’re lightning fast. All withdrawals via PayPal are processed between 1 and 4 hours. You could say that their name in this case could be PayPal Power!
Like BetVictor, 888sport doesn’t have any bet limits, while they do cap winnings. Its parent company is publicly traded on the London stock exchange. A lot of their promotions involve the number eight, such as an £8 free bet. What’s interesting about 888sport is that unlike many of their peers on this list, PayPal deposits are not instantaneous. Rather, there’s a processing time of up to ten minutes. The minimum deposit amount is £10. As for withdrawals, they do take longer on PayPal with a processing time of 2 to 3 business days. The withdrawl minimum is £3, just like for debit cards.
Run out of Malta, Betfair’s known for its bet exchange which implies that there are no betting limits because the amount available depends on the punters that are on the other side. Betfair’s policies regarding deposits and withdrawals with PayPal are somewhat exceptional. First off, Betfair’s the only bookie that has a fee for deposits of 1.5%; however, they do offer free withdrawals. Betfair’s also got different deposit and withdrawal minimums. While they have a £10 deposit minimum, the withdrawal minimum is only £1. In spite of that, your withdrawals are processed within 24 hours.
Betway’s cutting-edge technology has helped it develop a big following among punters. They’re also the official sponsors of West Ham United, making it an imperative bookie for those supporters. Betway’s deposit minimum is, like the vast majority of the online bookmakers on our list, is £10. As for withdrawals, they don’t have any withdrawal fees. There is no maximum withdrawal amount listed throughout our research. And as for the processing time, you’ll see your withdrawals processed within 24-48 hours.
William Hill’s been one of the biggest players on the market, in fact having the highest brand equity among all the other British bookmakers. They’re also the most-trusted, which will give you plenty of security when connecting your debit card to your account. They’ve got scores of promotions and an extensive network of retail betting shops to compliment all of the online and mobile offerings. As with all other electronic wallets available on William Hill, there’s a £10 deposit minimum. As for a maximum, PayPal’s maximum deposit on William Hill is £5,500. And there are no fees. As for withdrawals, the minimum amount is £5 and the withdrawal will take one business day to process.
SkyBet’s the official betting home for the EFL Cup, the second major tournament in English football. It’s an online-based service that’s also available for mobile and tablet. They really promote their focus on value betting and their promotions for frequent users help to promote that. If you’re a frequent better, the SkyBet Club is a great incentive to win money in free bets and capitalise on the matches available on Sky. Their withdrawal minimum is £10 and they don’t charge any fees. And how about processing times? Both deposit and withdrawal processing times are instantly!
While debit cards are touted as the easiest payment method of them all for punters, PayPal certainly benefits from being the first of the electronic wallet services available on the market. There’s an extra layer of safety, an excellent brand equity given that it’s a publicly-listed company based in the bastion of technological advances that is Silicon Valley, and that the majority of the bookmakers that accept PayPal are already at the top of the industry rankings.
If the big brands, including our favourites Bet365 and the most-trusted William Hill accept PayPal, you surely won’t have any qualms about using it. Remember, since the conditions for using PayPal depend on the site, use this article to figure out which online bookmaker you should use. Maximise the safety of PayPal’s electronic wallet to ensure that your winnings and deposits stay safely in your bet slip!