Bookmaker Of The Month: Betfred

Betting Sites Accepting PayPal

The best betting sites always accept PayPal to make deposits and withdrawals

When it comes to depositing and fast withdrawals, there is one payment method that reigns supreme. One of the best and fastest ways to both deposit cash and withdraw winnings is by using PayPal.

Betting sites accepting PayPal are more popular in the UK than in other parts of the world.

Fortunately for UK punters, leading sports betting sites including bet365, William Hill and Paddy Power have realised the benefits of adding PayPal to their list of funding and withdrawal options.

The truth is, that PayPal betting sites in the UK add an extra layer of security and convenience for both regular gamblers and those wishing to try it out.

When you have a PayPal account, you can enjoy a flutter at any time on almost any device.

This Months Top 5 PayPal Betting Sites 

Every month our punters vote on the top 5 PayPal betting sites (in our opinion):

Top
Bet £10 Get £50 In Free Bets
Place a deposit of £10 to release £50 of free bets
T&'Cs ApplyMin deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
bet365 Rating

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Top
Get £20 Free Bet When You Bet £5
Place a £5 bet to get £20 welcome offer free bets to use on any sport
T&'Cs Apply18+ New UK & ROI Customers only. Min deposit 5. Min first 5 bet at minimum odds 1/2 to qualify for 1x 20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Top
Get £30 With A £5 Bet
Sign up with this offer today, place a £5 bet to get £30 in bonuses
T&'Cs Apply18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply
BetVictor Rating

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Top
Bet £20, Get It Back If It Loses
Place a bet knowing that if it loses, you'll get your money back in cash
T&'Cs ApplyNew customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.
Paddy Power Rating

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Top
Get £30 In Bets + £10 Casino Bonus
Place a £10 bet to get £30 in free bets PLUS £10 casino bonus with this offer
T&'Cs ApplyMin deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns. Casino Bonus must be claimed within 7 days. To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days. Casino Bonus expires after 60 days. Withdrawal restrictions, payment methods, country & Full T&C’s apply
888 sport Rating

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PayPal Betting Sites UK

There are many reasons why you should consider setting up an account with betting sites with PayPal.

Firstly, and most importantly, is the extra security PayPal brings to the table. if you are a regular PayPal user then you will know that this popular payment platform offers many security features.

For example, should you be unfortunate enough to have a problem, you can easily contact PayPal by social media, log a complaint in your account or even give the PayPal customer service team a call.

Secondly, PayPal is super easy to fund. You can fund your PayPal account directly from a bank account, debit card or credit card.

It does not cost anything to fund your PayPal account. That is why the platform has become such a big player when it comes to betting sites with PayPal.

And PayPal is second to none when it comes to fast withdrawals.

Ask any experienced betting punter, and you will find that they will recommend PayPal for other reasons, one of which, is that you don’t have to withdraw your entire PayPal balance into your bank account.

Mobile Betting Sites That Accept PayPal

An increasing number of gamblers are using mobile apps to place bets. It’s the way of the future.

The following betting sites offer the opportunity to both deposit and withdraw funds using PayPal when you download and use their app:

A few of the sites make it a little bit complicated to use PayPal. But you don’t have to be a tech expert, just have a little bit of patience.

Before you download an app from one of the betting sites with PayPal, make sure that it is compatible with your mobile device or phone.

But to be fair, all of them are pretty good as far as new punters are concerned. They all want to attract new players and hang onto regulars – thats is why they are making it easier to play and bet using apps which work with PayPal.

Betting Punter Tip: Keep in mind that Betfair charges a 2% processing fee. There is talk of Betfair scrapping the fee, but it does not seem to have happened as yet.

Minimum Deposit PayPal Sites

If you are a new punter, you may never have heard of minimum deposit limits. So what does it mean?

It means you need to deposit a minimum amount of money into your betting site account before you can play games on casino sites or place a bet on a football match or horse racing etc.

Different betting site’s terms and conditions will vary. In general, the minimum deposit is £10, but there are numerous sites which are £5 deposit betting sites.

If you fancy a bit of a flutter, then you have the option of £5 deposit, £10 deposit or higher. Sadly, there are a limited number of free sign up offer no deposit sites.

However, having to place the minimum deposit comes with an advantage. Most of these betting sites with PayPal will offer you a welcome bonus.

Popular sites such as 888Sport will ask for a £10 minimum deposit, but you will get a £30 sports bet bonus and £10 bonus to use in their online casino. That is certainly a deal worth having!

Generally, the less you have to deposit on betting sites with PayPal, the smaller amount the welcome bonus or sign up offer you will recieve.

So it pays to shop around to find a site and offer which suits you.

Withdraw Winnings Using PayPal

When you think you have accumulated enough winnings in your betting account, you can withdraw it using PayPal.

If you are asking youself “Do I need to withdraw the entire balance?” – the answer to that question is no.

You don’t need to withdraw the entire balance. If you want to leave a balance so you can continue playing on that gambling site, you can certainly do so.

But it is a good idea to withdraw some of your winnings, as this is a great way of controlling how much you spend on sports betting and gambling.

If you do decide to leave your winnings in your PayPal account, then you can use the balance for future sports betting, or to deposit funding on other gambling sites, or even for online shopping.

Most leading shopping platforms apart from Amazon are happy to accept PayPal payments.

Once you have decided how much you would like to withdraw, just select PayPal as your cash out option.

Confirm your transaction and your winnings will soon appear in your PayPal account. It is that simple.

Betting Punter Tip: When it comes to fast withdrawals to PayPal, you can’t really beat Unibet. It can take as little as 6 hours to get your winnings from Unibet.

Pros & Cons Of Betting Sites With PayPal

As with anything else, there are always pros and cons. However, when it comes to PayPal UK betting sites, there are more pros than cons.

Let’s take a quick look:

Pros

  • There are no fees. This makes PayPal a cost-effective deposit and withdrawal option
  • Fast transaction speed. Using PayPal is faster than using cards and E-wallets
  • The betting site’s name does not show up on your bank statement
  • PayPal is a secure payment platform. Your personal information is never shared with a third party. Your bank details or card information is not shared with the betting site
  • Versatile payment system. Once your winnings are in your PayPal account you are in control. You can use the funds for shopping, withdraw your money to your bank account or make a deposit on other betting sites with PayPal
  • Transaction monitoring is one of the main benefits of using PayPal. If there is any cause for concern, PayPal will stop the transaction

Cons

  • Watch out for bonus restrictions. A few gambling sites do not award sign up bonuses when the initial deposit is made by PayPal. Before registering with a betting site, make sure you check out the T&Cs
  • Check for hidden fees. There are bookmakers who like to apply hidden fees, so take your time to read the T&C’s

Betting With PayPal FAQs

Does it cost money to use PayPal?

At the moment, PayPal does not charge any processing fees. But you should always make sure that you stay on top of the terms and conditions.

If you are operating your PayPal account in different currencies, you may get charged fee. When you mainly bet on gambling sites in British Sterling, make sure the main currency in your PayPal account is also set to Sterling.

Many punters who bet abroad on betting sites that accept PayPal can fund their account using different currencies. But this can lead to you incurring fees.

Will my bank statement show me what betting site has paid me winnings?

This is where some punters get stuck.

Your bank account will indicate that you have made a withdrawal to PayPal or received funds from them. The betting site(s) will not be listed on your bank statement.

The best way to make sure that you stay on top of your deposits and withdrawals is to print a statement page of your PayPal account. That way, you can easily check the money going in and out on your bank statement.

How long do withdrawals take to go into PayPal?

When it comes to fast withdrawals, a bit of an unconfirmed industry standard applies to PayPal transactions.

Unlike other withdrawal systems, you can expect your winnings to be in your PayPal account in about 1 – 3 days. Though sometimes, winning withdrawals have been known to materialise almost instantly.

If there is an issue, the sports betting site that you are using will contact you. The last thing any sports betting or casino site wants to do is to lose its PayPal facility.

Do all sports betting sites credit my PayPal deposit instantly?

Once you have completed the registration process, most leading betting sites accept your PayPal deposit instantly.

However, here is a bit of a head’s up.

If you can’t see your PayPal deposit while you are logged into the site, try logging out. When you log back in, the amount of you deposited will show up.

It sometimes takes a while for their system to “refresh.”

Our Verdict On Using PayPal Betting Sites

Let’s get straight to the point – it is hard to beat PayPal as a payment method.

Yes, you can try other payment types such as Neteller, Skrill, Bitcoin and many others to deposit and withdraw money.

But when you want fast withdrawal, security and excellent customer service from the betting site and the payment provider – you can’t beat PayPal.

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David Smith

David Smith

About The Author

David is a marketer at heart and has helped gaming companies all over the world attract players in competitive market places. As a regular attendee at gambling conferences such as SIGMA and ICE, he shares his knowledge of the gaming world through Betting Punters.