Betting Sites with PayPal | Bookmakers that accept PayPal
Last updated & tested: 2020-01-13
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Electronic wallets, or eWallets for short, are the most up to date way to fund your gambling. They are now the main payment alternative to credit and bank cards gaining wider acceptance throughout the betting industry. This is especially true in the case of one eWallet service, in particular, PayPal. Payments in the digital age can come into your accounts from all around the world. Using PayPal means you don’t have to worry about international bank transfer fees and other charges which may incur additional costs. Above all, if you are using PayPal, betting is quick, safe and easy. Our OpenOdds experts did extensive research and found many betting sites that accept debit cards also let you fund your gambling via PayPal. What you need to know then, is which bookies accept this form of payment in the UK?
Which bookmakers and betting sites that let you use PayPal?
As of June 2019, OpenOdds can reveal that around 30 sportsbooks allow you to deposit and withdraw funds into betting accounts using PayPal. So if you are using PayPal, betting sites like these are well worth a look:
Some advice about bookmakers and PayPal
On top of knowing which betting sites accept PayPal, you also need to be aware of some further details about this eWallet service:
- There are often more stringent deposit limits with PayPal, so make sure you’ve check deposit information before committing at one of the many PayPal betting sites.
- PayPal may be expressly excluded as a deposit method from specific welcome offers, so it’s vital you know the terms and conditions of a bonus before using it. This is also the case for other eWallets such as Skrill and Netteller.
- Bookmakers all reserve the right to suspend any payment methods, including PayPal at any time, so they are no longer valid for deposits and withdrawals. This was the case in June 2019 with Smarkets.
PayPal is an advantageous payment method for online gambling sites because it’s safer than directly tethering your bank account details. When using PayPal, you have to enter your login, which is your email address, and password. You won’t have to expose any of the account information from your bank and credit or debit cards. The vast majority of bookmakers’ betting sites use the latest encryption technology which ensures security throughout your gambling. Encrypted servers provide 24/7 vigilance in the fight against fraud, and measures are in place for you to get your money promptly returned to you.
Best Betting Sites That Accept PayPal
Not only that, the majority of OpenOdds top-rated online bookmakers accept PayPal as a payment method. If you’re keen on adding PayPal to your payment methods, this review will give you a general overview of the service, what to watch out for, and where to find betting sites with PayPal. And of course, let’s not forget who enables you to 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 bookmakers that accept PayPal are among the best bookies in the industry.
- The majority of these PayPal betting sites do not charge fees for deposits and withdrawals done with PayPal, and they are often 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 many welcome offers that are given out to get more sportsbook users.
- You may get charged a small fee for receiving the money to your PayPal account, which may not be ideal for those who don’t want pennies pinched on winnings. Remember, you’ve already been taxed on your bets.
What is PayPal?
Since 1998, PayPal has been one of the most prominent players in digital payments, and they offer an alternative to credit cards, debit cards and bank transfers. As it says on their website, "PayPal gives people better ways to manage their money, offering them choice and flexibility in how they can 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 significant investors of Facebook, it was purchased by eBay in 2002. This acquisition by eBay meant that PayPal stopped processing online gambling transactions very soon after the merger. In 2009, they decided to reopen themselves to such transactions and, since the UK was the only country where online gambling was entirely 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 almost 200,000,000 active customer accounts that are used by people in over 200 countries. With that, customers can be paid in more than 100 currencies, withdraw to their bank accounts in 56 of them, and should you wish able to hold PayPal balances in 25 currencies. Alongside British pounds sterling, the Euro and dollars in Australia, Canada and the USA are among the significant currencies you can use.
Why is PayPal a suitable payment option for punters?
As you’ve seen, PayPal is an incredibly well-known online payments portal. Online betting sites with PayPal are becoming increasingly popular due to its availability. It’s a suitable payment option because it’s safe. PayPal now has brand equity after earning the trust of millions of people all over the world. There’s an additional layer of safety in place too. While you can link your bank account to PayPal, they remain separate entities. It is no surprise to see bookmakers become more receptive to accepting deposits from and withdrawals to PayPal as a result of their global growth. Many of the biggest betting brands in the UK and Ireland are among those who allow them as a payment option.
PayPal and its rise to prominence have happened in-step with the digital revolution and the rapid increase in payments from mobile devices. Almost a third of the estimated 4,900.000,000 payments they processed in 2015 were via mobile. That figure has only increased in recent years too. With betting also putting itself at the forefront of mobile technology through gambling apps, PayPal is a good fit for funding your wagers. So if you’re looking for an alternative to credit cards, debit cards, and bank transfers, then why not see what PayPal is all about.
What caveats are there?
One main caveat is that PayPal may not be the cheapest payment method out there for punters. Even though the money you deposit is deposited instantly in the majority of cases, you may be charged a percentage for all of the money you have coming into your PayPal account. This isn’t something that you have to worry about with credit debit cards. There are no fees if you attach your bank account to your PayPal account, but you could incur almost a 3 per cent fee if you use some debit or credit cards. The percentage commission is usually a few points. However, transfers from your PayPal account to your bank account are free from PayPal betting sites.
Another is that some promotional offers do not apply to PayPal bankrollers. This is something that you must check in the terms and conditions of every offer. It may be possible to have multiple payment methods on some online bookmakers, so there are ways of getting around this, such as using a credit debit card.
Top online bookmakers that accept PayPal
Anyone who has tuned into live sporting events on British TV in recent years knows bet365 and their £100 bet credits deal. Their pre-match or half-time adverts during a football match feature Cockney acting legend Ray Winstone. From relatively humble origins in the Potteries area of Staffordshire, bet365 has grown from being one of the many new betting sites into becoming a betting juggernaut with a significant share of the online marketplace. They sponsor tons of horse racing in the UK as well as those close links to another British obsession football. You must deposit at least £10 and a maximum of £5,550 with the same limits applying to withdrawals on bet365. There are no fees for using PayPal, and this online bookie backs up claims about fast withdrawal times. So be sure to check out bet365 and their £100 bet credits deal. T&C apply, 18+.
Since their merger with fellow high street betting heavyweights Coral, Ladbrokes has become an even stronger force. Best known for its great horse racing and football markets that have always attracted the gambling public in Britain, their online operations always carer for that core audience. Recent Ladbrokes TV ads have starred the likes of 1990 Commonwealth Games 400m hurdles hero Kris Akabusi, star of stage and screen Brian Blessed, leading flat racehorse jockey Frankie Dettori, and football pundit turned game show host Chris Kamara. Slogans employed by them include "where the nation plays" and "for the bettors of Britain". 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 rivals. Withdrawals will typically show up to your PayPal account within 48 hours.
Sometimes you want a bookmaker that is what it says on the tin. Betfred has earned its reputation as "the bonus king" by rewarding punters brave enough to place big multiples and system bets. These are perfect for football accumulators or combining all your fancied horses at a meeting. Double Delight and Hat-Trick Heaven, meanwhile, reward you with extra if a player you back scores goals. While a longstanding relationship between Betfred and the Tote, which is the UK’s premier pool betting service, is coming to an end, both will move forward from it. The company’s boss Fred Done fronts the public face of Betfred featuring heavily in promotions. PayPal users can deposit or withdraw as little as £5 to their sportsbook. Betfred’s upper limit varies with £15,000 the maximum deposit to this eWallet and no more than £5,000 can be withdrawn at once. With no fees charged, you should make any withdrawal in your PayPal balance within 48 hours which is reasonable enough.
Through big sponsorship of Liverpool during their UEFA Champions League-winning season in 2018-19, BetVictor has ensured nobody in Britain forgets them, and they are a great PayPal betting site. As well as that major football endorsement, they sponsor several races at Cheltenham – the track regarded as the ultimate test for National Hunt horses. Game of Thrones actor Paul Kaye starred in a series of wacky but captivating adverts as the character Maurice promoting BetVictor. He has since been replaced by former Portsmouth and Tottenham Hotspur manager Harry Redknapp who loves a flutter. On their sportsbook, price boosts and promotions galore keep you coming back for more. BetVictor are known for having generous deposit limits, effectively leaving it up to the banks. This works for debit cards, meaning that for all of you big-spending punters will want to use them. You can deposit or withdraw as little as £10, but the upper limit is over £5,000. As with their main competitors, PayPal customers can expect to find a withdrawal hitting their balance in a couple of days.
The cheeky Irish bookmakers who aren’t afraid to push boundaries. It has to be Paddy Power and there near the knuckle approach makes light of sporting stories. Who can forget Ryan Giggs’ brother starring in an advert about loyalty, or HorseBot going undercover to see what jockeys get up to when losing weight in the steam room? Whatever you make of their PR, PaddyPower has a sweet sportsbook catering for the punter on both sides of the Irish Sea. Their growth in the UK has been massive and, when it comes to PayPal, they deal with withdrawals like lightning. In as little as one to four hours, you can have cash out of your betting account. The minimum deposit or withdrawal is £5, and max limits compare favourably with other leading players in the betting industry.
Like BetVictor, 888sport doesn’t have any bet limits, but they do cap winnings. They are an international sportsbook looking to make major inroads in the British market in the years ahead. With a new focus on UK customers, you can expect to find even more offers and promotions that tempt you in. One important thing to note 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 10 minutes. We got some of the OpenOdds boffins to test this, and it proved much quicker in practice, so they may say that to cover themselves. The minimum deposit amount is £10. As for withdrawals, this online bookmaker with PayPal processes withdrawals in two to three business days. The withdrawal minimum goes as low as £3, like for debit cards.
After merging with PaddyPower, Betfair has got even bigger and come on leaps and bounds since setting up as sports betting exchange at the turn of the century. They have since added a sportsbook but retained their initial purpose and thus give a unique gambling experience. Betfair aims to win your trust and custom by pointing out that on average, they statistically have the best odds on UK horse racing and important football like the Premier League more often than the competition. PayPal users can withdraw as little as £1 but must deposit at least £10 and can do so without any fees. Everything will be processed instantly in the case of deposits and within 24 hours for withdrawals.
With cutting edge technology, Betway has developed into a big multi-national betting site. In the UK, they sponsor Premier League club West Ham United and several races during the Grand National Festival at Aintree. The tagline, "for the love of the game", often appears in advertising. The minimum deposit you can make to Betway is £10, and there are no withdrawal fees which is great. No upper limit is listed for when you want to take money out and withdraw requests should be processed on average between 24 and 48 hours.
Last, and by no means least, we come to William Hill, who isn’t one of the new betting sites, but they are easily one of the best. Sponsors of ITV Racing, they have built on the most solid of high street betting foundations with a sportsbook offering that includes daily Flash Odds and Bet Boosts so you great extra value. William Hill is giants of the industry in the UK and still maintain a powerful betting shop presence in towns and cities across Britain and on several racecourses. For PayPal customers, you can deposit a minimum of £10 and no more than £5,500. With no fees to worry about, you can withdraw as little as £5 and that should just one business day to process.
While debit cards are touted as the most comfortable payment method of them all for punters, PayPal certainly benefits from as a premier eWallet service. There’s an extra layer of safety, and around 30 bookmakers’ sports betting platforms will accept payments from it now. That highlights the great strides made by PayPal so that it now sits as an integral part of most leading players’ payments options.
If the big betting brands accept PayPal, then you surely should have no worries using it. Remember, not all welcome offers can be used in conjunction with deposits made from it, but that doesn’t stop you from using it subsequently to fund gambling if necessary. Bookies that are more open to modern methods like eWallets for payment show they are in touch with reality in the internet age. PayPal is now preferred, especially for sites which don’t charge fees. Seeing heavy hitters embrace it means there’s every reason that you should too!