Paypal Betting Sites 2024
For a long, long while, PayPal was incredibly reluctant to allow people to gamble using their system. There are various reasons behind this, which we won’t go into on this page. The point is that they now allow you to gamble with PayPal, which is amazing. Here is a quick guide to the world of PayPal betting sites.
What is PayPal?
PayPal is one of the first ‘consumer’ payment systems which ever took hold online. If you have used eBay, then you will probably have used PayPal. It is the quickest way to send payment and receive payments for the bits and pieces that you buy on the site.
How Do You Use PayPal?
It is ridiculously simple to use PayPal. All you need to get an account is an email address. You can receive payments to this email address, which will put the money in your PayPal account. Of course, if you are not buying and selling items online, it can be tough to get the payment into your PayPal to begin with, so you may need other ‘top-up’ methods.
Most people will link their debit or credit card up to their PayPal account. Whenever you make a payment online using this account, your card will be charged. You can also set up a direct debit with your bank account and the same thing will happen.
When you deposit money into your online betting account using PayPal, you will be asked how you wish to fund your PayPal account. If you wish to withdraw money from your online casino account and get it into your bank account, then you will need to have a bank account linked on PayPal too. If you are located in the United Kingdom and use a British bank, it will take a couple of seconds for withdrawal. This makes it one of the fastest withdrawal methods around.
Are there any fees associated with PayPal?
Generally speaking, there are not. However, this is going to be dependent on how the online betting site is set up.
Technically, there is a fee for being paid via PayPal, with the fee depending on how much is being withdrawn. However, a lot of companies have been set-up in such a way that there is no fee involved or a minimal fee. If there is a fee on the betting site, then it should list it clearly.
There are no fees for ultimately withdrawing the money to your bank account. There are also no fees for using PayPal to top up your account on the betting site. If the betting site says there are fees, then this is them trying to gain additional profit from you.
How to find good PayPal Betting Sites
There are a lot of things that you will need to think about when searching for PayPal betting sites. So many, that it is nigh on impossible to talk about everything here. However, we do want to give you a few highlights. First and foremost; you are going to want to ensure that the site is licensed by the UK Gambling Commission. If there is no licence, then give them a skip. It means that you are not protected if something goes wrong when you are gambling there.
You will also want to ensure that there are a lot of events that you can bet on. Don’t just think about the event you want to bet on right now (we are going to assume that it is football, or maybe a spot of cricket), but that there are other options just in case you decide to spread your wings later on. The more events, the better. We also love our new betting sites to have a lot of live gambling available. Honestly, live betting is one of our favourite ways of betting. It has a touch of skill and strategy to it. This is awesome.
If you are looking for PayPal betting sites, then you will often find that some of the places you are gambling may have special bonuses for those who deposit using PayPal. The bonus is never going to be that big, but it is always nice to have. Don’t forget to keep an eye out for other bonuses too. Not just welcome bonuses, but also loyalty bonuses.
If you are looking for the best PayPal betting sites, then check out the list below!