PayPal Betting Sites

Paypal is the oldest and most successful eWallet. With more than 400 million users, it is no surprise that bettors from all over the world use it for their action. Paypal betting sites offer unmatched security, instant deposits and a safe global platform for anyone who wants to wager discreetly.

In recent years, however, due to competition and regulatory pushback, a decrease in acceptance and the unavailability of bonuses have surfaced. But what does this mean for regular players?

On this page, we will examine all the advantages and disadvantages of using it for online gambling, along with key info on fees & restrictions. But first, here is a list of the best betting sites that use PayPal.

Key Info for Betting with PayPal

Available in	200+ countries	Deposit To PayPal Account	Free from bank account / 2.9% with card
Accepted by	20 sites	Currency Conversion	4.00%
Transaction Fees	Free	Withdraw To Bank Account Fee	1.75%
Avg Transaction Time	Instant	Card Available	YES

Which Are the Best PayPal Bookmakers

What is PayPal

PayPal is a primary online payment system. It was launched in the US in December 1998 as Fieldlink (later Confinity). Today, the company supports more than 430 million users in over 200 countries and regions.

It is estimated that the total amount of payments that go through PayPal is worth $1.53 trillion per year. Of course, a healthy part of this is for online gambling purposes. However, due to the fact that restrictions have tightened in many countries over the past few years, many players have turned to different e-wallets, namely Skrill and Neteller.

Is Online Betting with PayPal Safe

The e-wallet has been around for decades and has built a solid reputation in the betting industry. However, many bettors prefer traditional banking options such as credit cards due to a lack of trust in wallets. Nevertheless, this is not the case with PayPal.

It uses Transport Layer Security (TLS) and HTTPS. This sends all your personal information directly to a PayPal server and, more importantly, anonymously. In addition, the company employs a dedicated team of experts which works 24/7 to prevent fraud.

Does PayPal Require Verification

Yes. Before you are free to use all services available by the payment provider, you must first verify your identity. In most cases, you will need a government identification document and a document to prove your physical address is not over 12 months old.

You can easily take a photo and upload them through the mobile app. However, we have noticed a lot of instances where you will be asked to provide additional information, especially if high amounts go through your account.

Are There Any Hidden Fees?

Yes. Using PayPal means that you will have to pay several different fees based on what you are looking for. Some of the most notable include the following:

1. Cryptocurrencies: Buying, selling, and transferring cryptos will incur a fee based on the transaction amount. The highest threshold is $1000.01+, where you need to pay a 1.50% fee.
2. Donations: Each time you receive or send a donation, you must pay a 2.89% fixed fee, alongside a fixed fee per transaction.
3. Cards: When you send or receive money from your family and friends through cards (like VISA or Venmo), you must pay a 2.90% fixed fee.
4. International Transaction: When you perform international transactions, you must pay a 5.00% fee, with a maximum of $5.
5. Currency conversion: Depending on the type of transaction you want to perform, you must pay a 3-4% fee.

Should I Consider Betting Sites With PayPal

No wallet has an extensive presence in every aspect of online payments, like PayPal. With a reputation for top security features, swift transactions and high limits, it has become one of the most popular payment methods for experienced bettors. It is worth noting that PayPal is likely to be eligible for a Welcome Bonus than Skrill and Neteller.

Despite those traits, the method lacks a VIP program for bettors, which can make a difference for some users. As the most regulated payment option, it can ask for additional verification documents or even freeze your account until it verifies your source of funds. On top of that, customer support can be slow and not helpful in responses.

In summary, while we appreciate the reliability, other digital wallets and similar payment methods have grabbed a more significant portion of the gambling industry. However, some players might still choose betting sites with PayPal for valid reasons.

Does PayPal Offer a VIP Program?

No. You cannot upgrade your card and take advantage of higher and better perks like with other cards or e-wallets such as Skrill and Neteller. However, you can refer friends and receive up to £100 in rewards. If you refer a friend and they spend £5, then both of you will receive £10 as a reward. You can do that with 10 friends for a total of £100.

Do I Have to Pay Fees on PayPal Bookmakers?

Online betting sites do not charge you any fees when you deposit or withdraw money from your gambling account. However, PayPal will first charge you a set fee for every payment, which depends on your currency. In addition, based on the amount, your currency, and whether you need conversion fees, you will also be charged.

Pros & Cons of using Online Betting with PayPal

Bettors have multiple reasons for choosing it as a payment method. Significant features include instant deposit, bonus availability, and an easy-to-use mobile app. However, like any other payment solution, it has drawbacks. Let’s see some of the most notable ones.

Pros	Cons
Available worldwide	Limited betting sites support it
Bonus eligibility	Withdrawal fees
Instant payments	Tracked betting activity
Extremely safe	Complicated & slow CS
Many currencies & languages	Paypal Rewards ineligible for betting
Mobile app

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How To Get Started With Betting with PayPal

Creating your account comes with no hassle. Just by following the steps below, it will only take a couple of minutes before it's done. We will also show you how to deposit and withdraw from PayPal bookmakers.

Creating a PayPal Account - Steps

• 1
  Go to PayPal.com.
• 2
  Choose a Personal account.
• 3
  Fill out your full name, address, date of birth, and other requested details.
• 4
  Click on Agree and Create Account.
• 5
  You will receive an SMS and an email with a verification code or link.

How To Deposit on PayPal Bookies

• 1
  Log in to your preferred bookmaker.
• 2
  Select the Deposit button on the homepage.
• 3
  Choose the payment method, enter the desired amount and click on the Deposit option.
• 4
  You will be redirected to the PayPal website to confirm the payment.
• 5
  The funds are now reflected in your betting account.

Withdrawing From Bookmakers That Accept PayPal

• 1
  Log in to your betting account and go to the cashier.
• 2
  Find PayPal and choose it.
• 3
  Select the amount you want to withdraw and confirm it.
• 4
  The bookmaker will ask you to verify your identity and PayPal account.
• 5
  Once you do, you can expect to see the money within 1-3 days.

Which Are the Top Alternatives to Online Betting with PayPal

While it has an impressive reach in almost 200 countries, online gaming has certain restrictions and limitations. Some countries prohibit PayPal bookmakers. However, there are specific alternatives to that issue.

Payment Method	Deposit Speed	Withdrawal Speed	Fees	Privacy
Instadebit	Instant	2-3 days	Low	High
Skrill	Instant	Fast (1-24 hours)	Medium	High
Neteller	Instant	Fast (1-24 hours)	Medium	High
iDeal	Instant	2-3 days	Low	Low