As the oldest and most successful wallet, PayPal is considered one of the best and most reliable payment options, with a ubiquitous presence from online shopping to online gaming. PayPal betting sites offer unmatched security, almost instant transactions, and high limits, which have made them a top choice for serious bettors.
Since its establishment in 1998 as Confinity, it expanded rapidly and became a subsidiary of eBay in 2002 until splitting up in 2015. The headquarters are located in San Jose, California, and it employs more than 20.000 people. It ranks 204th among the top 500 US corporations by revenue, with a user database of more than 300 million.
With the ever-increasing popularity of PayPal bookmakers, players must be familiar with this payment method’s main factors. In our guide, we will cover every aspect of betting using PayPal, such as:
ᐉ An up-to-date (2023) list of betting sites that accept PayPal ᐉ Step by step instructions on how to sign up to PayPal & deposit to your preferred bookie ᐉ All the upsides and downsides of online betting with PayPal
Top PayPal Bookmakers (2023)
Among the numerous bookmakers that accept PayPal, we have selected the top-rated, which give the bettors a unique experience. The chosen bookies stand out from the competition in terms of low fees, quick payouts, and second to none security features.
How can I play on betting sites accepting 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:
- Go to paypal.com
- Choose a Personal account
- Fill out your full name, address, date of birth and the rest of your details
- Click on Agree and Create Account
That was all. Optionally, you can link your credit card or bank account to your wallet.
Now let’s see how to deposit to your favorite PayPal gambling sites. Again the process is quick and straightforward.
- Log in to your preferred bookmaker
- Select the Deposit button on the homepage
- Choose PayPal, enter the desired amount and click on the Deposit option
- You will be redirected to the PayPal website to confirm the payment
- The funds now reflect in your betting account
When it comes to a payout, the process is once more straightforward. First, find the “Withdrawal” button on your PayPal bookmaker. Then, choose PayPal as the payment option, enter the amount you wish to take out and click on ‘Withdraw’.
One of the main benefits of betting with wallets is swift payout times, which applies here too. Usually, it takes a few hours to reflect on your credit as soon as the PayPal bookmaker authorizes the payout.
Important Features of PayPal Bookmakers
PayPal has been around for decades, and it 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. Therefore we will explore all of the attributes (good and bad) that identify betting sites that take PayPal to make an informed decision for your next payment method.
What makes betting via PayPal the best choice
Bettors have multiple reasons to choose PayPal as a payment method. Instant deposit, availability to claim bonuses and an easy to handle mobile app are significant features.
✔Availability: In recent times, betting sites that use PayPal such as Bet365, William Hill and Betfair have increased almost exponentially, giving the bettors a great alternative to traditional banking methods.
✔ Welcome Bonus available: Compared to other wallets like Skrill and Neteller, the restrictions regarding PayPal promotions are much looser. Therefore first-time deposits can claim sign up offers.
✔ Instant payments: As a respectable wallet, it offers on the spot deposits and swift payouts (no longer than a few hours).
✔ One of the safest payment methods: Since it was founded, it is well known for the top-notch security features it provides. All transactions are encrypted, so your funds are always as safe as possible.
✔ Non-disclosure of bank details: As you only have to enter your username and password to the bookmakers who accept PayPal to deposit, your bank details remain private.
✔ Simplicity in transactions: The whole process of deposits and payouts requires only a few clicks, as you don’t have to leave the bookmaker’s site or enter your bank details to proceed.
✔ High limits: A welcome trait for high stakes players as they can place bigger bets.
✔ 25 currencies and multiple languages: With a variety of currencies (USD, EUR, GBP, CAD, AUD, DKK, NOK, SEK, RUB and more) and languages (English, French, Italian, Spanish, German and others), players enjoy localized services all around the globe.
✔ Mobile app: A free and convenient app lets you control your wallet on the road and deposit to your preferable PayPal sports betting sites.
What makes betting sites with PayPal a poor choice
PayPal comes with specific drawbacks, as any other payment solution does. Fees on your payouts and the fact that your betting is not under the radar are some of them.
❌ Limited availability in betting sites: As it re-entered the betting market in 2010, some bookies are still reluctant to admit it.
❌ Withdrawals fees: Payout fees fluctuate between 2-4% for transferring money to your credit card or bank account.
❌ Some bookmakers do not offer the Welcome Bonus: For a long time, wallets have raised suspicions due to bonus abuse and arbitrage betting. So, few PayPal bookies will not allow you to claim the Welcome Bonus.
❌ Your betting activity is tracked and documented: As the most regulated wallet globally, it is obliged to keep a detailed record of members’ activities. That means your tax authorities can ask for that record to review it.
❌ No VIP Program: The high turnover bettors will not be rewarded for their activity as there is a complete absence of an incentives package.
❌ Prepaid MasterCard is only available to US customers: The debit card is only available to members residing in the US.
❌ Support tends to be complicated and slow: Lack of live chat and long queues on the phone do not make a great overall user experience.
How Can I Find Which Betting Sites Use PayPal
Since the founding of PayPal, online gaming payments accounted for a large share of its revenue. That changed in 2003 when it stopped accepting payments related to gambling due to legal and financial regulations. In 2010, it resumed online gaming-related services but only in regulated markets. You can only use the wallet for your sportsbook ventures if you reside in the following countries:
- Germany (sportsbook only)
The United Kingdom was the first country that PayPal offered betting services in 2010, and today there is no shortage of bookmakers who accept PayPal. Major sites like Bet365, William Hill, Paddy Power, and Betfair provide the wallet’s benefits to British and Irish players.
In Germany, where the market is not fully regulated, PayPal operates seamlessly in sportsbook sites, while it has withdrawn from online casinos.
The fully regulated Swedish market is known as one of the strictest in terms of betting. However, it has no limitations regarding PayPal acceptance in online gaming. Reputable PayPal bet sites include 888sport, Betiton, and Bwin.
Online gambling in the US has been regulated in certain states such as New Jersey, Nevada and Pennsylvania. PayPal is available as a deposit method on the state version of popular bookmakers like William Hill and Bet365.
Alternatives for PayPal restricted countries
While it has an impressive reach in almost 200 countries, there are certain restrictions and limitations in online gaming. Some countries prohibit the operation of bookmakers who accept PayPal. However, there are specific alternatives to that issue.
In Canada, PayPal has been restricted from online gaming due to government legislation. As it is unlikely that it will return shortly, most bettors prefer to use Interac bookmakers instead.
For the Indian market, PayPal does not operate as a payment processor for gambling. That stems from the Reserve Bank of India’s policies, which cracks down on money laundering and cross-body money transfer. UPI bookmakers could be considered as a fair option for local bettors.
In the Netherlands, due to the unclear regulatory framework, PayPal does not offer gambling-related services. For players who would like to bet online, iDeal bookies are always a good solution.
New PayPal Bookmakers
PayPal is gaining popularity rapidly among bookmakers. Therefore it is no surprise that more and more new PayPal betting sites appear in the market. From a bookmaker’s perspective having it as a payment method shows a high level of credibility and adherence to regulations. Also, it helps to establish a base of serious players who in turn know that they deposit funds to a trusted source. Feel free to check our top-rated new betting sites with PayPal, which cover all of your betting needs.
Final word on betting with PayPal
There is no other wallet with such an extensive presence on every aspect of online payments as PayPal. With a reputation of 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 it is much more likely to be eligible for a Welcome Bonus than with other wallets like Skrill and Neteller.
Despite those traits, PayPal lacks a VIP program, which can make the difference for the high stakes bettor, as there are no incentives for your betting activity. 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 and close to zero fees, we prefer to use Skrill and Neteller more, for the customized services they provide to the bettor.
Complete list of bookies with PayPal
Fast transactions and a high level of security are some of the main perks when wagering on international betting sites that accept PayPal. Check the full list and choose the one that better suits you.