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Online Betting Sites That Accept PayPal

PayPal is without doubt one of the most widely used e-wallet services for online transactions of all kinds, including the funding of online gaming and betting accounts.

The company has been in operation since 1998 and since that time has emerged as one of the most usable and favoured deposit options for punters. Outlined below are a list of the best betting sites that accept PayPal as reviewed by our team.

List Of Best Betting Sites Accepting PayPal

PayPal 101 – How It Works

How to deposit?

Once you have opened your PayPal account and funded it either yourself, or from another source of income, then you will have cash in your account that you can use to fund a betting account. Doing so is very simple, just visit one of the PayPal friendly betting sites above to start.

Once you have joined your chosen bookmaker, then all you need to do is log into your new account. This will take you to the home page. From here you need to find the section dealing with your betting account. This is usually found by clicking on the My Account option or similar.

When you have navigated here, look for the option to deposit into your account and click on it. Search through the deposit options until you find the required option and select that. At this point you will need to enter in some identifying information, such as your PayPal email address and password, as well as your site password and of course, how much money you want to deposit into your account.

Once you have clicked to start the process, your betting site will contact PayPal and your PayPal log in page will load up asking you to confirm the transaction. You need to input your password here to confirm this. Once this is done, the transaction will progress and the funds should be in your account immediately.

Note: If there is an error in the transaction then common mistakes include not entering the correct password (perhaps because of an errant capital letter or because Caps Lock is on). Check your details if this is the case and try again if you find the error.

How to withdraw my winnings?

The first thing to note about withdrawing your winnings is that you must have used your PayPal account to fund your betting account prior to making a withdrawal. If you have used another deposit option, then you won’t be able to withdraw until you make a qualifying deposit using this method.

Another thing to consider when checking whether you have funds for withdrawing is to ensure that the funds are eligible to be withdrawn. Bonus funds, free bets or funds that are subject to a wagering requirement often cannot be withdrawn until the conditions attached to them have been met.

If you think however that your funds can be withdrawn, then all you need to do is log in to your betting account and visit the My Account section once again, this time clicking on the option to withdraw cash.

From the list of available withdrawal options select PayPal and then enter in the required details. This usually consists of your PayPal username and password, your betting site password and the amount of money you want to withdraw from your available balance.

Once you have confirmed this information you can click the button to start the withdrawal process. This usually takes anywhere up to 24-hours to progress, but in some rare cases, if a security check is run on your account for example, it may take longer.

PayPal betting fees?

Like most other funding methods, bookmakers tend not to charge punters for any depositing or withdrawing of funds to and from a PayPal account and furthermore, PayPal do not levy any charges on these forms of transactions.

However, once the funds are in your PayPal account, if you decide to move them to a pre-paid credit card, or perhaps withdraw the money to your bank account, then you may incur a small charge for this service.

If currency exchange is needed then withdrawal back to your bank account will incur a fee (list of fees here).

Note: we’ve been sure to make sure our list of Paypal betting sites above doesn’t include any sites with charges for moving funds around.

Alternatives to PayPal

If you are seeking a similar service to what PayPal offer then there are generally two big names out there that are alternatives to the service and they are Neteller and Skrill.

These are also e-wallet service providers that offer a broad range of services roughly in line with what is available via the PayPal service and they also tend to have equally broad choice in terms of the sports betting sites that you can use them on.

There are some differences between each provider however. The amount you need to make as a minimum deposit or a minimum withdrawal with each provider can be different (usually it is around the £10 mark with PayPal, but competitors may offer £5 as a minimum deposit or withdrawal).

Furthermore the maximum deposit and withdrawal amounts can also differ from provider to provider. These limits won’t tend to matter to most punters, but if you are a higher roller it is well worth checking out which of the providers will offer you the terms best suited to your betting needs, especially if you envisage withdrawing large amounts of money.

Finally, the last difference between the companies is that the time it takes to finalise a withdrawl can range from a few hours (with Neteller) up to around the 24-hour time period that is usual for a PayPal or Skrill withdrawal transaction.

About PayPal

PayPal is a publicly owned American company that trades on the NASDAQ with its base in San Jose, California. The company was established in 1998 and for many years had very close links to the eBay website, until it became an independently traded company in July 2015.

As of 2015, the company stated it had 173 million users across 190 nations.

Although tied to eBay in its formative years, the flexibility offered by the company as an online banking service and e-wallet operation meant that many unrelated services to eBay quickly realised that offering PayPal as a payment option was a positive move, hence the site started to grow as a payment method for a whole range of businesses, including sports betting and gambling sites.