PayPal has been around for over 20 years and is one of the most popular ways to make online payments. Online bookies have been accepting PayPal ever since and nowadays there are numerous PayPal betting sites.
Discover the highest-rated sportsbooks that accept PayPal and begin betting on sports using this fast and convenient payment method.
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E-wallets are always a popular method of online payment and this includes betting sites. PayPal remains the most accepted processor of them all and there are more than a handful of reasons for that:
The biggest reason players like PayPal is its convenience. Depositing funds to betting sites with PayPal can be done in just a few clicks:
And that's it! The funds should be available in your betting account and you can start adding bets to your betting slip.
At AskGamblers, we always take a deep dive into any new betting sites we discover, analysing their offering and whether they're up to the high standards of experienced punters. Obviously, the sites need to support PayPal, but there are other important factors on whether we can recommend them.
The most important piece of information - is the site safe to play at? Today, numerous betting sites are fighting for players' attention, but not all of them ensure players' information stays secure. On top of that, providing a fully licensed sportsbook should be the main goal of every bookie, more so if they attain several licences.
What we first look for when exploring betting sites that use PayPal is how varied the sportsbook is. This includes the number of sports and betting markets. On top of that, we check the odds and any unique betting features of each site to give you the ultimate list of bookies.
Bonuses tied to PayPal deposits, especially welcome offers for new players, aren't as common as those for deposits with credit cards. That's why these promotions separate the best PayPal betting sites from the rest. We look at various offers at betting sites that can be triggered with PayPal and account for them in our rankings.
PayPal is a fast payment processor, therefore we expect withdrawal and deposit times to follow suit at PayPal sports betting sites. Funds should be available in your account the moment you hit that Deposit button and withdrawals should process quickly. Ideally, there should be no PayPal withdrawal fees or, if there are fees for withdrawing, they're nominal.
While most betting sites that accept PayPal provide a generally pleasant experience and fast payouts, there are certain things to remember if you use that platform as your main payment method:
Certain bookies don't give welcome bonuses to players who bet with PayPal and similar betting payment methods. Furthermore, you might be ineligible to activate other promotions at the betting site if you're reloading your account using this service primarily.
Platform fees that PayPal charges when sending the funds from the PayPal account back to your bank account can eat up a significant portion of your winnings.
PayPal may impose transfer limits on your account if you're mainly using it for betting and gambling. Furthermore, the service is known to put a hold on players' funds if it detects erroneous activity, especially on new accounts.
As long as you're aware of these limitations and caveats, you'll have a great time betting on sports using your PayPal funds.
Before you head to one of the listed sports betting sites that accept PayPal, there are a few key things you need to keep in mind.
As we previously mentioned, it's ideal that you're not using PayPal exclusively for online betting and gambling. While the platform won't lock you out completely, if you're already using your account for other payments and you're not a brand new customer, then you won't have to worry about any additional checks before you can use the funds for betting.
Don't forget about your account's security settings. PayPal is often a target of hackers and other malicious internet users, so keeping your account secure should be your top priority. Luckily, PayPal has a bevvy of security options, like multi-factor authentication and account permissions.
Additionally, make sure you're only logging into your account on secure networks (no public Wi-Fi!), use it only on your personal devices, and set a strong password that's hard to guess.
Check the site's withdrawal policy and any potential fees regarding PayPal. Sometimes, you may encounter higher withdrawal minimums for e-wallets, or some additional checks that can slow down the process. Surprisingly, the choice of PayPal usually doesn't affect deposit times.
So, stay safe, bet smart, and have fun betting on your favourite sports!
