PayPal Betting Sites
PayPal is a form of electronic storage for your cash. Add or remove funds to or from your normal bank account into your digital PayPal wallet and use these funds to pay for things online as you would do usually with your bank card. PayPal can be used to deposit into UK online betting accounts in countries anywhere where online gambling is regulated.
Online Bookmakers That Accept PayPal
|Site||Min Deposit||Min Withdraw||Quick Reg||Fees||Withdrawal Time||Visit|
|888 Sport Bet £10, £30 Free & £10 Bonus||£10||£15||No||0%||2-3 Days|
|Coral Bet £10 Get £30||£10||£5||Yes||0%||Up To 24hrs|
|Ladbrokes Bet £5 Get £20||£10||£10||Yes||0%||Up to 6hrs|
|BetVictor Bet £10 Get £40||£10||£10||No||0%||Up To 24hrs|
|10Bet £200 Bonus & £10/Month||£5||£10||No||0%||3-5 Days|
|Betway £100 Deposit Bonus||£10||£10||No||0%||2-24hrs|
|Winner £200 Deposit Bonus||£5||£20||No||0%||Up to 3 Days|
|William Hill Bet £10 Get £30||£10||£5||No||0%||Up To 24hrs|
|Titanbet 100% Bonus Up To £200||£10||£10||No||0%||2-3 days|
|Betfred Bet £10 Get £60||£5||£5||No||0%||Up To 24hrs|
|NetBet £50 Deposit Bonus||£10||£10||No||0%||2-4 days|
|Unibet £30 Risk Free Bonus||£10||£15||No||0%||Up To 12 Hours|
|Betfair £100 in Free Bets||£5||£1||No||2.0% (0% Withdrawal)||Up To 24hrs|
|Paddy Power £20 Risk Free - Cash||£5||£10||No||0%||1-4 Hours|
By loading funds from your existing conventional checking account you can deposit and withdraw without needing to carry various cards and passwords around with you. Through PayPal you can send and receive money with many UK online betting sites offering a convenient and easy to manage your betting. Most of the bigger UK bookmakers accept PayPal with similar deposit and withdrawal limits and rules to conventional debit card transactions.
Using an electronic wallet service like this comes with several advantages. Funds clear more rapidly with PayPal than through standard banking meaning you can use your money within 24 hours of making a withdrawal and quite often this can occur within several hours. You would still need to withdraw from PayPal back to your bank account for full access to your cash and this will take 2-5 working days due to normal banking procedure. PayPal also offers some added security by not requiring you to constantly enter various card details across several sites.
Ultimately though PayPal gives you flexibility. By managing your betting wallet in this way you can see clearly what you are depositing and withdrawing without these transactions being lost with your usual grocery shopping. Through PayPal you could build up funds to a certain amount before you withdraw so you can get more out of your winnings. Alternatively you can use your PayPal funds to spend as you usually would as this service is now accepted by many companies worldwide.
Some UK betting sites also offer PayPal quick registration allowing you to sign up, deposit and receive your bonus in a matter of minutes without you needing to enter your details over and over again.
If you are looking for casinos that accept PayPal visit our casino banking section.
It is a misconception that PayPal cannot be used to fund online betting and gambling sites in the UK. It is true that in the USA, Canada and any jurisdiction where gambling activities aren't formally regulated (or are outright banned) PayPal cannot be used to deposit or withdraw funds into gambling sites. But in the UK (and certain other EU countries) PayPal acceptance is becoming commonplace. Having said this, not all bookmakers offer the service - see the table above for a list of betting sites that accept PayPal.
How to Use PayPal
Not many people can claim to not have a PayPal account these days. If you already have an account simply make sure your eWallet is loaded with funds and select PayPal from the list of deposit options. As long as the name of the PayPal account matches the name registered on the betting site then this will be fine, even if the two use different email addresses. Usually you will not be able to withdraw to PayPal if you have not made your deposit using this method.
If you don’t have a PayPal account signing up is easy. This does take a few days however as PayPal will need to verify that your address and bank account belong to you. They will do this by sending you a code in the post and also by transferring a nominal amount into your account with a specific reference code to be entered online. Once your account is set up you can load it with funds from which you can deposit into your betting account and play with as normal.
Although initial set up may take a week or so it is worth it. As soon as you have your bank account linked to your PayPal digital eWallet you will be able to manage all of your online betting easily from one place. It is also convenient for when your bank card expires, in this case you only need enter the new details once into PayPal rather than changing your card on each site it is used on. You can also have several of your own cards and bank accounts linked to the one PayPal account giving you more flexibility in funding options.
History of PayPal
PayPal and its precursor Confinity were developed at the end of the last century as a new way to transfer money however it was through its association with eBay that the company really took off. In a new era for online commerce eBay offered a pioneering way to buy and sell goods quickly and people wanted payment mechanisms to match this. Although eBay had their own payment system known as Billpoint by 2002 70% of auctions on the site were accepting PayPal as their preferred payment method and so in July of that year eBay bought PayPal for $1.5 billion. PayPal quickly went on to become the default payment choice on eBay but remained an independent business allowing it to be used with other online providers.
Over the next few years PayPal grew enormously and by 2010 had over 100 million active users. Today PayPal claim over 150 million users, operating in over 200 countries and in 26 different currencies. PayPal spun off off from eBay as a separate entity in 2015.
Countries Where PayPal Can Be Used For Gambling
PayPal currently operates in 202 countries world-wide but is not available for use for gaming, gambling and betting in all. Here is a list of countries where PayPal can be used for gambling purposes.
Conformity, the precursor to PayPal, were actually company set up to develop security software and so PayPal has been set up with security in mind from the get go. PayPal operate all of the industry standard measures to keep your data locked up tight. On the whole it is much safer to leave your bank account details with a third party like PayPal rather than enter them over and over again each time you make a new transaction online.
PayPal in fact err on the side of caution a lot and will lock down your account quicker than any bank would if they suspect fraudulent activity. At onlinbetting we are security conscious so we recommend all our customer to set up two step authentication on their PayPal accounts for added security.
There are two ways you could be charged a fee for using PayPal, one from the betting site and another from PayPal itself. With so many payment options around these days any high fee system would be shunned so PayPal is pretty much free to use with most online betting sites that offer the service. PayPal do have a range of fees for sending and receiving money although this is usually only if sending between countries or converting between currencies. If for example you have a UK bank account and bet in British Pounds with a UK bookmaker it is highly unlikely you will incur fees.
Please do note PayPal may charge you fees for funding your digital wallet from certain sources such as credit cards as this is counted as cash.