PayPal is one of the biggest names in the online transactions business, and if you are looking for comfort and safety when making transactions online, then you are unlikely to go wrong with them. You can do money transactions at PayPal betting sites without any problems thanks to the security features that the company provides.
Which are the online betting sites that accept PayPal?
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
PayPal lets you make quick and secure money transfers to the many online merchants and banks all over the world who accept them.
PayPal keeps the money from your account and then allows you to transfer them online to the respective merchant. The process is very quick, and you do not have to give out your personal financial information thanks to PayPal.
Unfortunately, if you are currently in North America, PayPal will not process your payments towards bookmakers. There is a way, but you need to use another e-wallet as a third party.
Customers who are located in Europe and particularly in the United Kingdom will not have to face those kinds of problems because everything is made in a quick and convenient way for them to make deposits or withdrawals.
How to Deposit at Betting Sites that use PayPal
PayPal is one of the biggest companies for online transactions, thus many bookmakers are willing to accept them as a payment method, and some even go the length of offering a free bet to people who use PayPal. It is also very easy to deposit money into your account at a bookmaker with PayPal.
First, you need to create a PayPal account and connect it to your bank account by providing some basic information and depositing money from there into the newly created account.
You can also prove that the account is yours by verifying it. This can happen when PayPal make two deposits into the account, and you have to verify the amount. That way your account will be verified and can freely transfer money from and to PayPal. Verification is required for accounts which spend more than 500$ per month.
After you have completed all of the procedures required to set up your account, all you need to do is select it as a payment option, and the merchant will withdraw money from it just like if it was a bank account.
With PayPal you can deposit and withdraw money whenever you want which is always great. The payments are usually processed in about 3-5 business days which is the standard for almost all websites.
PayPal Online Security
All PayPal users can feel confident when it comes to online security. It is always good to use a third party when dealing with online payments so that you do not have to share your credit card information or the details of your bank account to more than one party.
PayPal takes security very seriously, and want you to feel safe when using their services, so they have implemented the required security measures which will help you if there is a break in security and the information that you shared with them will not be compromised.
Sometimes PayPal go a little too far with the caution, and your account can get locked, frozen or flagged if you travel around the world or have to deal with cross-border transactions. Fortunately, you can resolve this problem fairly quickly by contacting customer support and explaining to them what the issue is. Still, it is better for them to be overprotective than to lack security.
PayPal is around since the late 1990’s, and even though it was not an online payment system at first, the demand for one made the company change their priorities.
One of the main reasons why PayPal became so popular was the auction website eBay and even though they had their own payment system, PayPal proved to be better because of its flexibility. The customers had more freedom with their money, and this made PayPal a preferred payment service for Ebay and other sites.
Ebay purchased them in 2002, and they became the official payment option for all auctions there, but the company continued to offer their services independently which included processing online payments to and from all kinds of merchants. This made them a favourable option for punters because many bookmakers started to accept them due to the increase in popularity.
PayPal Associated Fees
You could be charged fees either from the bookies themselves or PayPal, which isn’t always nice, but necessary.
Luckily, many of the major online betting sites do not charge customers who deposit directly with PayPal anymore, but websites can still change that anytime they want, so we recommend that our readers always check the current information before taking any action.
Unfortunately, PayPal will charge you fees for their services, like for example if there is a different transaction in place. These fees will depend on your account type, the transaction type and the payment option that you select.
How do other payment methods compare to PayPal?
PayPal is very easy and fast when it comes to making deposits on betting sites, but it may not always be the cheapest option. Other online payment methods offer lower fees, particularly regarding receiving money. For example Neteller and Skrill. They are accepted worldwide, even though they are not as useful for everyday transactions since fewer organisations and individuals use them.
Debit and credit cards are the simplest betting site deposit method that currently exists. They do not charge the user, and you can instantly use the money you deposited. However, many people are concerned to give their card information to gambling websites. Moreover, there are many reasons why many individuals do not want gambling transactions to be shown on their bank statements.
Another great way to get larger sums on and off gaming sites is bank wire transfers. However, they can take a few days to be processed, particularly if you are transferring funds internationally. We recommend using this option when you are withdrawing a huge win to avoid the PayPal fees.
Why We Use PayPal and You Should Too
We at Top Betting Site are massive fans of using PayPal to transfer funds. As a matter of facts, most of us do not even have an account with any bookies that do not accept PayPal. So we decided to give you a total of three main reasons for why you should use PayPal. We are confident that after reading this you will see why this method is one of the best when it comes to online gambling transactions.
To Protect Your Card Details
If you use PayPal to deposit for online betting, you will be redirected to the company’s official website to confirm the transaction as well as the amount of funds.
Thus, you never share your card information with anyone but PayPal. This is a massive benefit because your bookie cannot see or store your credit card details. This way you protect your information from being stolen or lost.
Moreover, if anyone somehow manages to break into your account with the bookmaker, they will not be able to take any funds or see your card details, because they will need a confirmation from PayPal. If you use a card to deposit directly, it is just not as safe.
To Protect Yourself
This is very often neglected, but for us, it is very important. If you use PayPal as your deposit option, your bank statement shows the transactions with PayPal. There is no connection made between your bank and your bookie.
Some of our readers have complained that they have temporary account suspensions because of online gambling transactions and it could be very annoying. This is why we advise them to use PayPal. By doing so, you prevent your bank from knowing what you are doing. Moreover, it also stops other people who may see your statement from knowing what you are doing.
If you are still worried to use this payment method, we advise you to check out this article for additional tips.
Free and Instant Transfers
One of the biggest benefits you will experience at PayPal betting sites is the fact that the money transfers are instant. This means that any deposit into your betting account will occur instantly and the same goes for the withdrawals, neither of which are subjected to fees from PayPal.
If you still do not have an account with PayPal
If this is the case, what have you been doing and where have you been for the last ten years? Jokes aside, the registration is free, and you can use any debit or credit card to use them. Another thing that is also accepted is bank transfer, and you can receive or send money to anyone else who has an account with PayPal.
Frequently Asked Questions
Will there be any fees when I use PayPal betting sites?
No. Gambling sites do not charge you for using PayPal. However, PayPal will charge you 2.9% to deposit with a debit or credit card. But there will be no fee when you are using an existing electronic funds transfer from your bank account or PayPal balance.
Can I make a deposit with PayPal if I do not have an account with them?
Users must register with PayPal to use them as a deposit method. However, do not worry, since it is a simple and quick process that will not take you more than a few minutes. p>
It is not possible to deposit using PayPal for U.S. citizens. Why is that?
PayPal only allow gambling transactions in areas in which it is licenced. That is why it is possible to use PayPal for deposits in Europe. Since Nevada and New Jersey regulate betting sites, PayPal is an allowed payment option. However, the sports betting sites outside of these states are not licenced and are located offshore. This is why PayPal does not allow transactions with them.
Didn’t PayPal used to process payments for offshore sites?
Yes, PayPal used to be the main e-wallet for such sites that accept players from the U.S. This included sports betting, casino and poker. The company used to process such payments between 2000 and 2002. However, there was a civil action, and the company had to pay the U.S. Government a $10 million fine.
Why do FanDuel and DraftKings accept PayPal?
These are daily fantasy sports sites. Under most state laws, their businesses are considered as gaming that requires skill. Thus, PayPal allows players on such sites to process their payments.