PayPal Betting Sites
Introduction
PayPal, as most of you know, is an American online payment system that processes online money transfers. It’s probably the most popular electronic alternative to common payment systems. PayPal is widely used as a payment processor by auction sites, online businesses, and other commercial users. It generates its revenue by charging a minor fee for all transactions. PayPal’s own payment system is a type of payment rail, a payment platform or network moving from payers to payees.
Launched in 1998 as one of the world’s first electronic payment systems, PayPal attracted many users thanks to its simplicity. Initially known as Conformity, PayPal was found by wealthy entrepreneurs including Elon Musk, who found the X.com bank that later merged with PayPal.
In 2002, the company had its first IPO and immediately became a subsidiary of eBay. PayPal started operating as a fully independent company in 2015, now being available in a huge number of countries around the world.
PayPal is considered the world’s safest online payment method, with major businesses using it for transactions. The company is very strict about the availability of its payment processor, with many countries still waiting for approval. With earnings that constantly go well over a billion dollars, PayPal has withstood the test of time and the arrival of new online payment methods, still holding the ground more than 20 years after its conception.
Among the numerous companies that use PayPal for online transactions are online betting sites. Major companies such as Unibet, Coral, and 10bet accept PayPal, making the process of betting quite easy for their customers. As a result, PayPal betting has become incredibly popular, especially in the UK.
PayPal Betting Sites fo 2024
UK punters love using PayPal. Why, you ask? Well, it’s a pretty convenient and fast payment method that’s not as complicated as some e-wallets can be. Millions of punters are using PayPal as their default online payment method and the number of bookies accepting it is on the rise.
The list includes popular bookies such as Red Zone Sports and 888Sport, and we’re sure that the number of bookies will increase in the following months and years.
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions.
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply.
New UK players only. Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Wagering req. vary by game • Withdrawal restrictions and Full T&C’s apply
18+ BeGambleAware.org. New customers only. Min deposit £10. Money back as bonus if first sports bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Visit Unibet.co.uk for full T&C's. #AD
New players only who made a minimum deposit of €10. Place one or more qualifying bets with a total stake of five (5) times your initial qualifying deposit on sports betting markets with odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7 and higher. The maximum free bet bonus that can be awarded in this promotion is €100. The turnover requirement for this promotion must be met within 14 days of the date of your qualifying deposit. 18+ Full T&Cs Apply www.begambleaware.org
PayPal Betting
As we already mentioned, betting with PayPal is a breeze. It’s a quick and relatively easy process. Due to the fact that many people work online and get paid on their PayPal accounts, they can easily use this money to bet online.
Fully licensed and legal in all jurisdictions, PayPal betting has many advantages. The biggest of them all is the fact that you can “unite” all your cards in a single online space. Another advantage PayPal has over other online payment methods is that it only requires a username and password to process a payment. You simply log-in and pay – that’s how simple it is.
Creating a PayPal account is the simplest thing ever – just follow the instructions on the site and you’ll be done in a few minutes. The payment system also costs nothing apart from conversion fees and transferring money abroad – even then, the charges are relatively nothing to what a bank takes.
Finally, it’s probably the world’s safest online payment method thanks to top-notch security protocols. Plus, PayPal has something others don’t – Buyer Protection. If you, for example, pay for items that don’t arrive at your location or don’t match the description, PayPal will reimburse you, which is a reason more to keep a customer happy.
This is why the number of PayPal betting sites is increasing as does the number of PayPal punters.
Betting Advice
As a trusted online partner, PayPal has become very popular among bookies in the UK. However, it is better suited for low-stakes games. The PayPal betting limits are notoriously low, so if you’re a high-roller or want to move a lot of money to and from an online payment method, PayPal shouldn’t be your main choice. In this case, Neteller or Skrill would be the better option.
Another thing you’ll want to keep in mind besides the fees are the slower withdrawal times. PayPal takes security very seriously and the process takes time, so you shouldn’t expect your money to land on PayPal very quickly. This makes other options such as Neteller much more attractive for punters.
Finally, the main complaint people have with PayPal is their bad customer support. For such a large company that dominates the online payment market, it’s strange to see how customer support isn’t at the top of their priorities. There are many horrible PayPal customer experiences you can find online, so if customer support is important to you (as it should be), PayPal betting may not be for you.
Betting Options
When it comes to betting options, you can use PayPal for just about anything. Find a bookie that accepts the method and then you can place your bets in any market you like. The minimum deposits range from bookie to bookie with most going as low as €5.
You can use PayPal to bet on football, tennis, horse racing, boxing, and basketball as well as any other sport you can think of.
What to Consider
Punters who plan on using PayPal for betting should take into consideration the betting limits and the deposit and withdrawal limits as well. If you’re not that thrilled about PayPal’s minimum deposit limits and the cap on withdrawals, choose another payment method.
Although highly popular right now, betting with PayPal is not for everyone. Read the payment system’s and bookie’s T&Cs thoroughly before using PayPal to bet on your favourite teams.
Conclusion
Just like any other payment method, PayPal comes with a set of advantages and disadvantages. It’s unparalleled when it comes to safety and security y and general ease of use. However, the transaction fees associated with credit cards are not going to be accepted by many punters, no matter how small.
Then there’s the problem with customer support. With so many complaints circulating online, punters should check all the facts regarding this payment method and decide on their own. Check the minimum and maximum deposit and withdrawal limits as well. After all, getting your winnings quickly and with no fuss should be your priority.
