PayPal Betting Sites UK

Why use PayPal for sports betting?

PayPal is one of the most popular payment methods out there, used by over 200 million people in countries all across the world. By far the best-known e-wallet, PayPal’s success has seen it become a popular payment option at many top online betting sites. But what makes it so great? Let’s find out.

Security

People often associate PayPal with increased security, and with good reason – it’s one of the most secure payment methods out there. That’s not to say that using a bank card is necessarily unsafe – all licensed bookies already have strict security systems place to protect your details. However, using PayPal means you don’t have to share any sensitive information, such as bank details with a third party, so there’s an extra layer of protection against potential hackers.

PayPal themselves also have powerful end-to-end data encryption and fraud protection in place to safeguard your account. On top of this, whenever you make a deposit you’ll have to authorise the transaction by logging into your PayPal account. You can also activate PayPal’s Security Key for added safety. This is a two-factor authentication (2FA) system which means you’ll be required to enter a unique one time code that’s sent by text each time you log in.

Speed

As well as being safe, PayPal is one of the quickest payment methods out there. Deposits are processed instantly at pretty much every online bookmaker, so you’ll be able to start betting straight away. You also won’t have to spend any time fiddling about entering your bank details – simply log into your PayPal account and you’re good to go. PayPal’s One Touch feature can be activated to streamline the process even further. This means you’ll stay logged in so that you can complete payments in just a few simple clicks.

Withdrawals always take longer to process than deposits, but PayPal offers quicker withdrawal times than some other payment methods. Most PayPal sports betting sites aim to get withdrawals completed quickly, usually within 24 hours, but it can take several days depending on the bookie and it’s security procedures. The good news is that once your betting site has processed the request, your funds will be transferred instantly to your PayPal wallet.

Mobile compatibility

More and more punters are using mobile betting sites, and PayPal suits mobile betting down to a tee. With high quality, free apps available on both iOS and Android devices, it’s incredibly easy to manage your PayPal account from the palm of your hand.PayPal’s key pinning security feature means that you don’t have to compromise on security when using a PayPal app. This stops fraudsters and hackers intercepting your connection to keep your information safe and secure.

Support

It’s important to have a helpful support service available for anything that involves money and sensitive information, and PayPal comes up trumps in this regard. You can use the comprehensive Help Centre to get answers to many common FAQs, as well as a handy ‘ask the community’ service and a resolution centre to help solve transaction issues. You can also call or email the customer service team for additional information and support.

PayPal also closely monitors users’ activity to help prevent fraud and hacking. You’ll receive confirmation of any transactions you make via email, so in the unlikely event that there are any issues, you’ll know straight away. If there is any suspicion of fraud, PayPal has procedures in place to quickly secure your account, and you won’t be liable for any unauthorised payments in the event of a breach.

Disadvantages

Although PayPal is among the most efficient and secure payment methods you can use at sports betting sites, unfortunately, it’s not completely perfect. The following drawbacks should be considered if you’re thinking about using PayPal to bet online.

Limited choice of betting sites

Unlike debit cards, PayPal isn’t accepted at all online bookies. When browsing sites, remember to check the accepted payment methods before signing up to avoid disappointment.

The good news is that there’s plenty of top betting sites that accept PayPal.The likes of Ladbrokes, Coral, Betway, MansionBet and many more all accept PayPal, so you shouldn’t have too much trouble finding a bookmaker you like. You can use our list to find out all the top betting sites that use PayPal and save you the hassle of searching for one.

Bonuses

You won’t be able to claim every online betting bonus using PayPal.  While most bonus exclusions apply to Neteller and Skrill deposits, some bookmakers have terms and conditions in place which state that players making e-wallet deposits aren’t eligible to claim bonus rewards. There are a number of casinos that do allow PayPal users to claim their bonus deals, so we recommend reading the terms and conditions of any bonus before claiming.

Fees

PayPal doesn’t charge any fees for sending money in the UK providing that the payment is funded by your PayPal balance, bank account, debit card or prepaid card, and as long as there is no currency conversion involved. On top of that, almost every online sportsbook that accepts PayPal doesn’t charge bettors any additional fees. Just remember to double check the terms and conditions to be safe.

Using a credit card to fund your PayPal deposits is one of the few instances you’ll find that requires a fee from the user. PayPal will charge you 20p plus 3.4% of the transaction. While this fee is relatively small for some, it’s one that could accumulate over time for frequent depositors.

Account registration

One of the reasons that debit card remains the most popular payment method is because there are no extra accounts involved. Creating and verifying a PayPal account is a quick and easy process, and it may even save you time in the long run, but having an extra account to manage is not to everyone’s taste.

If you want to fund PayPal transactions without restriction, you will also need to verify your bank account. To do this, PayPal will deposit 1p into your bank account along with a 4 digit code which will appear on your statement. You’ll then need to enter the code into the PayPal website to confirm your account. This may be a bit of a hassle for some bettors, but it is necessary for security purposes.

Our verdict

PayPal isn’t available at all sites and can’t always be used for bonuses, so it may be not ideal for all bettors. However, if you’re looking for a payment method that offers fast deposit and withdrawal times, top level security and a great support service, then you can’t go wrong with PayPal. Sound good? Use our list to compare and sign up at your ideal sports betting site today!

How to get started at a PayPal betting site

Choose your top-rated sports bookmaker

The first step to betting with PayPal is to find your ideal bookie. Not all sites accept PayPal, but thankfully there’s plenty of top bookies that do. Although it’s great having so many excellent options, it can also mean that working out which one is best for you can be a bit tricky. But don’t panic, because we’ve made finding a great PayPal betting site a walk in the park. We’ve scoured the web for the best-known bookies and brand new betting sites to find you the very best online bookmakers that accept PayPal, all of which can be found in our carefully selected list. Check out the top welcome bonuses on offer, market depth, device compatibility and much more. Finding a top betting site has never been easier!

Sign up

Once you’ve settled on a bookie that you like the sound of, it’s time to sign up and create your account. All our recommended PayPal betting sites have quick and easy registration processes which can be done via mobile or desktop – you’ll just need to provide some basic personal and contact details. When registering, make sure to opt-in to any welcome bonuses to give you the chance to enjoy some free bets.

Register with PayPal

If you don’t already have a PayPal account, then head over to the website to create one. This is also a simple process which will just require your name, address and contact details. Once you’ve registered you’ll need to link to your bank account so that can transfer funds in and out, which will only take a minute or two.

Deposit

Now all that’s out the way, it’s time to make your first deposit! Make your way to the cashier page and select the PayPal option. Once you’ve confirmed how much you wish to deposit, you’ll be redirected to the PayPal website where you’ll log into your account to authorise the payment. If you’re planning on claiming any deposit-related welcome bonuses, make sure that you read the terms and conditions to check that PayPal deposits are eligible for the rewards.

Start betting

Now the fun starts! PayPal deposits are almost always processed instantly, so you’ll be able to start wagering right away. Whether you want to bet on football, try your luck at betting on horse racing or any other sport, you’ll find a huge range of markets on offer at our recommended PayPal sports betting sites. Weigh up the odds, set your wager and hope your luck’s in!

Withdraw

If you prove to be a dab hand at sports betting and back a winner, you’ll probably be wanting to withdraw your returns at some point. Luckily, withdrawing at PayPal bookies is just as easy as making a deposit – simply head over to the cashier page and follow the on-screen instructions. Keep withdrawal limits in mind – at a lot of sites, you have to request at least £10. Withdrawals can sometimes take a few days to process due to security procedures, but you should get your cash sooner rather than later.

Alternatives to PayPal

We understand that although betting with PayPal offers some great benefits, it’s not to everyone’s taste. If PayPal isn’t quite doing it for you, check out these alternatives which you can use to deposit into your betting account:

Prepaid card – Prepaid cards, such as Paysafecard, can be topped up without using a bank account or any personal details. This allows you to bet online by simply entering your 16-digit pin, providing great security and anonymity.

Pay by phone bill – This method, using providers such as Boku, allows you to deposit and have the transaction charged directly to your phone bill or credit. This is a quick and easy way to make instant deposits.

Other e-wallets – Skrill, Neteller and ecoPayz are other e-wallets which are popular payment methods at some sports betting sites, great for making fast and secure payments.

Extra security tips

The security procedures of PayPal and licensed sports betting sites mean your details and funds are kept safe and sound. However, these are some precautions you should take whenever spending money or sharing information online just to make sure you’re being as secure as possible:

• Only use licensed online betting sites. Compare.bet only recommends fully licensed bookies, so you can use our list to compare reputable and trustworthy PayPal betting sites.
• Do not login to PayPal or make transactions when using a public or shared device. This is especially true if you’re using PayPal’s One Touch feature.
• Make sure that your password is unique, has a variety of different characters, and is long enough to prevent security breaches.
• Be wary of phishing emails. Just like with your bank, PayPal will never ask you to send sensitive details over email, so any email that requests this kind of information is something you should avoid. Make sure to block and report any suspected phishing emails, avoid opening them and never click on any links or attachments included within these emails.
• When using PayPal or visiting PayPal betting sites, check the URL starts with ‘https’ – this signifies a secure connection. This is also indicated by the display of a padlock symbol in the URL.
• If you feel that your security may be at risk or have been compromised, or if a device which contains sensitive information has been lost or stolen, contact PayPal and your bank as soon as possible so that the necessary steps can be taken to secure your account.