PayPal Betting

Like the idea of using PayPal when placing wagers online? We’ve got you covered with our carefully compiled list of the best PayPal betting sites in the UK. Compare the welcome bonuses on offer, sign up for the sites you like the look of and you can get banking with PayPal in no time.

How to Play at a PayPal-Friendly Betting Site

Our team have made it easy to choose your ideal PayPal betting site, by setting out a list of the best bookies around. Once you’ve checked out the various bonus offers and terms and conditions offered by the bookmakers, the next steps are simple.

1 Sign Up

Follow our link to the betting site’s sign up page and follow the straightforward instructions. By providing some personal details, you can become a member in moments. You may also have to manually enter a bonus code to unlock the welcome offer, depending on how the site operates.

2 Make a deposit

Once you’ve become a member, just click or tap your way to the Cashier page. Here, you can select the PayPal option, enter how much you’d like to deposit, and then make the transaction through the e-wallet portal.

3 Bet!

With the funds ready and waiting in your account, you’ll be all set to bet on whatever takes your fancy – from football to boxing to esports. PayPal betting sites will let you take advantage of some of the quickest withdrawal times in the online gambling world, meaning you can cash out winnings promptly and conveniently.

Why Bet With PayPal?

PayPal is one of the biggest names when it comes to online transactions and there are plenty of perks for anyone using the e-wallet to bet online. Here are just some of them:

• You get to enjoy speedy deposit and withdrawal times
• You can bet with any number of sites without having to share your bank details with any of them
• You can store several bank accounts and cards with PayPal
• You’re safe in the knowledge that it employs industry-standard protocols to combat phishing, identity theft and other forms of fraud
• There’s a proactive customer support system
• It’s fully regulated and comes with the assurance and credibility of a major, global brand

Payout Times When Betting with PayPal

Let’s face it, one of the big considerations when choosing which UK betting sites to join is how quickly they’ll let you cash out those all-important winnings. One of the big advantages with PayPal betting is you can expect some of the speediest online withdrawal times. Many sites will process PayPal transactions within 24 hours, while some will even pull out all the stops and offer instant PayPal withdrawals. The cherry on top is that transferring funds from your PayPal wallet to your bank account will usually only take a few hours. 

When it comes to deposits, you can get betting with PayPal almost instantly, as sending money to your betting site account will be completed in mere moments. You won’t have to bother with inputting card numbers and bank details either, just type in the amount, send and bet.

PayPal Deposit and Withdrawal Limits

Consider yourself a high roller? Then PayPal betting sites will suit you down to the ground because you can expect high deposit and withdrawal limits through this banking method. They can go right up into the thousands, meaning you can create big funds to bet with, and also take out those hefty winnings if they happen. With that being said, PayPal also tends to have small minimum limits, making this e-wallet an equally good choice for smaller spenders who like to casually dabble.

PayPal Betting Site Fees

The vast majority of UK betting sites won’t charge you for making deposits and withdrawals using PayPal. The e-wallet site itself doesn’t charge you for most transactions, unless you’re converting international currencies. However, it’s always important to stay savvy and keep an eye out for terms and conditions, on the off-chance that the betting site does charge fees for using PayPal. 

PayPal Security

Ask most people why they like betting with PayPal, and they might well say “security”. The beauty of using this kind of e-wallet is that you don’t have to keep on typing in your bank details every time you sign up to a betting site. This fact alone drastically reduces the slim chance of hackers and fraudsters getting their hands on your sensitive information. It’s also good to know PayPal utilises strict data encryption and fraud monitoring protocols. 

To be even more secure, you can opt for two-factor authentication, also known as 2FA. By enabling this, you’ll be expected to enter not only your password with each transaction, but also a specific code that’s sent to your phone. It provides extra peace of mind when transferring money online.

Mobile PayPal Betting Sites

Being able to bet on the go is important to many gamblers. The top betting sites that accept PayPal will let you do just that, so you can place wagers on sporting events wherever and whenever suits you. You can do this by logging into their site using the web browser on your mobile device. Or, if the option is there, you download the betting site’s native app directly onto your phone or tablet. Native apps are a great option as they often boast a faster, more user-friendly interface – ideal for when you want to quickly make in-play bets to capitalise on changing odds. 

Of course, you can also download the PayPal app, so you can switch between the apps and follow transactions as they happen. By activating PayPal’s One Touch feature, you’ll be able to send money to the betting site even more rapidly, while continuing to enjoy PayPal’s peerless security protocols.

New PayPal Betting Sites

Think “UK betting sites” and the big household names like William Hill and Ladbrokes will probably spring to mind. However, the landscape of betting sites is always changing, with new contenders vying for your attention all the time. The good news for punters is that new PayPal betting sites will often roll out some especially appealing welcome offers – and highly competitive odds – to attract attention. So that’s one reason to keep an eye on our list of the best new betting sites. Alternatively, you must just fancy changing things up by discovering new sites with new ways of doing things. 

Here are some factors to look for when deciding whether a new betting site is worth your time:

• A wide range of live betting options
• Plenty of ways to deposit and withdraw
• A good, easy-to-use native app
• Generous welcome bonuses

PayPal Betting Bonuses

Whenever you’re betting with PayPal – or any other payment method for that matter – welcome bonuses are a critical consideration. After all, there’s a whole host of incentives out there to consider before you sign up for any sites. Here are some to look out for.

Free Bets

Some betting sites will award you funds to bet when you join. This is often conditional on you depositing and wagering some of your own money first. So, for example, after placing a £10 bet, you might be eligible to unlock £30 in free bets. Wagering requirements may apply, and there are usually some fairly tight deadlines on how soon you have to make use of the free bets.

Matched Bets

These are exactly what they sound like. The betting site will match your bet up to a certain amount, providing you fulfil the criteria (such as a minimum deposit, and wagering on certain specified odds). As with any bonus, checking the terms and conditions is essential.

Risk-Free Bets

If fortune doesn’t favour your first wager, risk-free bets can make up for that. When you activate this bonus, the amount you lost on a bet that didn’t come off will simply be returned to your pot. Meaning you can go ahead and have another try with a fresh bet.

Loyalty Bonuses

Incentives aren’t just limited to tantalising welcome offers. Many of the best PayPal betting sites also keep members sweet with regular perks, such as in-play refunds, price boosts and VIP scheme awards. As ever, there will be strings attached in terms of minimum bet requirements, so read the small print to find out what that particular site requires.

Being Safe at PayPal Betting Sites

PayPal has a well-earned reputation as a safe, trustworthy site to bank with. But even with that in mind, there are some key things you can do to minimise any risk of being targeted by online fraudsters.

• Only gamble at betting sites that are licensed and regulated by an official body such as the Gambling Commission – this guarantees that sites have to abide by fairness and security regulations
• Maintain a strong password, mixing up letters, cases and numbers, and avoiding obvious patterns like birthdays and names
• Stay alert for phishing attempts, such as fraudulent emails requesting personal information, containing suspicious attachments and bogus links

Disadvantages of Using PayPal for Betting

PayPal offers huge benefits in terms of safety and convenience, as we’ve already seen. But there are a few potential snags to bear in mind:

• Not all betting sites accept PayPal, whereas other banking methods like bank transfers and debit card payments are universally allowed
• You have to go through the slight hassle of creating a PayPal account as well as a betting site account, a process that also involves having your bank account verified by PayPal

Alternatives to Betting with PayPal

Not sure about paying with PayPal? Not to worry, there other options that are widely available at UK betting sites, such as:

• Visa and Mastercard debit card transfers
• Other e-wallet services like Skrill and Neteller
• Pre-paid methods like Paysafecard

Ready to Try Your Luck at a PayPal Betting Site?

So, we’ve run through the basics of betting with PayPal. Ready to take the next step? Browse our list of the top UK betting sites that use the e-wallet service, and you can sign up to take advantage of bonus offers and bet big (or small) on your favourite sports.