Are you looking for betting sites that accept PayPal? Are you tired of difficult and slow payment transactions? Check our list of reliable PayPal gamblling sites.
Estimated reading time: 16 minutes
Gone are the days when you had to visit a land-based betting house to place a wager.
These days, most reputable bookmakers accept bets online, and payments and withdrawals can be made using an online payments processor.
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There are several online payment gateways that bookmakers have been using for years, but PayPal is emerging as one of the most popular options.
Betting apps that use the popular online payment portal are safe and legit because they’ve been verified according to PayPal policies.
You can find bookmakers who accept PayPal worldwide, and opening an account with the payment company is relatively easy.
You must keep in mind that you’ll have to submit various documents before you can start betting with PayPal. It’s to ensure you have a verified account that lifts some restrictions on your PayPal account.
The history of PayPal
PayPal’s history is rich with diversity and complimentary growth acquisitions. It’s genuinely the perfect proof that hard work and dedication can make dreams come true. It was undoubtedly the case for Peter Thiel, Max Levchin, and Luke Nosek in the ’90s.
In 1998, the three original founders started a company called Confinity. It’s core focus back then was to develop mobile security software.
The business model was unsuccessful, and they changed their direction to creating a digital wallet. It was soon after that, in 1999, that the first version of the PayPal payment solution launched.
Elon Musk steps in
Elon Musk recognized the potential of the PayPal solution, and his company X.com merged with Confinity early in 2000. Musk was so intrigued by the concept that he ceased all other operations of internet banking in X.com to focus only on PayPal’s development.
Peter Thiel replaced Musk as CEO of X.com, and the new management changed the company’s name to PayPal in 2001. This famous brand went public in 2002, with shares launching at $13 each.
eBay takes over
eBay was the next famous name to take interest and acquired PayPal in 2002 for a whopping $1.5 billion. PayPal became a severe contender in the market with products such as Yahoo! and Google as direct competitors.
It was the primary method of payment throughout eBay’s platforms by then. The public was fascinated by the tech and supported it wholeheartedly.
To Europe and beyond
2007 was a busy year for the PayPal team as they entered the European market by obtaining an EU banking license.
It gave them a strong foothold into this untapped market and their customer base increased with more than 35 million users in Europe and another 15 million in Britain.
During this time, PayPal HQ was moved to Luxembourg to increase its footprint more extensively in Europe. It was yet another brilliant and well thought out move in the right direction for this growing industry giant.
PayPal formed a smart partnership with Mastercard that allowed its customers to pay with their wallets on any website that accepted Mastercard.
The PayPal platform wasn’t fully integrated yet, although it was a generally accepted payment method wherever Mastercard was advertised.
Buying out the competition
eBay decided in 2008 that if you can’t beat them, join them, and bought PayPal’s only rival at the time for a mere $1 billion. The company called ‘Bill Me Later’ had a large market share of affiliates, and it allowed the PayPal digital footprint to increase exponentially.
With marketplace providers such as Amazon, Fujitsu, Toy “R” Us, and US Airlines in its portfolio, it gave PayPal a considerable boost.
Hacktivist try to disrupt PayPal
With more than 100 million users by 2010, PayPal was on the radar of more than its excited users. A group of hackers, notoriously known as the ‘Anonymous Hacktivist Group,’ tried to derail PayPal’s operations.
Fortunately, they were stopped and found guilty of misdemeanor and felony charges in 2013. It was back to business for this tech giant.
Increased merchant services and offline payments
PayPal started focusing on more smart partnerships and, in 2012, formed one with Discover Card. It allowed PayPal users to make in-store payments at more than seven million land-based stores globally.
There was no stopping this now household brand from expanding into every corner of the payment sector. By the end of 2012, its annual payment volume was more than $145 billion.
Leaving the eBay family and beyond
In late 2014, eBay announced that it was time for PayPal to become an independent public entity, and by July 2015, the spin-off was completed.
Soon after, the peer to peer payment app ‘PayPal.me’ was launched in 18 countries worldwide and well received by users. They could now move funds between PayPal accounts without any charges by sending a payment request via a link.
PayPal’s rise to the top is filled with innovative and strategic moves and acquisitions. They’re still leaders in the field of electronic e-wallet payment systems even though many others have shot up like mushrooms.
In which countries are PayPal legally operating today?
PayPal has various agreements with local central banks in multiple countries. The following states offer the full PayPal service of sending and receiving money.
|Dominican Republic||Malaysia||South Korea|
If you live in any of the following countries you can send and receive PayPal payments and have your balance moved to your US bank account automatically.
|Antigua and Barbuda||French Polynesia||Seychelles|
|Barbados||Grenada||Trinidad and Tobago|
|Bosnia and Herzegovina||New Caledonia|
In the following countries you can link a credit card to PayPal in order to send payments, but will not be able to receive PayPal payments in your region.
|Armenia||Guinea-Bissau||St. Pierre and Miquelon|
|Belarus||Laos||Sao Tome and Principe|
|British Virgin Islands||Mali||Sri Lanka|
|Côte d’Ivoire||Netherlands Antilles||Uganda|
|Democratic Republic of Congo||Niger||Ukraine|
|Ethiopia||Norfolk Island||Wallis and Futuna Islands|
|Falkland Islands||Papua New Guinea||Yemen|
PayPal fees & transfer times
It’s free of charge to register an online PayPal account in all countries. You’ll encounter various rates depending on which country your account is registered from.
Keep in mind that in order to withdraw from PayPal, you still have to use a local bank, which will have their banking fees added to each transaction.
Additional fees you can encounter includes:
- Commercial Payment Fees: These fees include payments for the selling of your products or services. You’ll also be liable for a cost when a seller has used the ‘Request Payment’ option from the PayPal website.
- Currency conversion fee
- Withdrawal fee
- Chargeback fee
- eCheque fee
- Records request fee
- Credit and debit card confirmation fee
The official PayPal website has an extensive layout and description for each unique fee it can charge and will help you fully understand its costing structure. The direct costs are:
- All transactions made from your PayPal account online = 2.9% of the total value + $0.30 per transaction.
- All transactions performed at a virtual terminal = 3.1% of the value of the sale + $0.30 per transaction.
- When you use the mobile swipe and in-store app = 2.7% of the total + $0.30 per transaction.
- The keyed-in mobile app and the in-store transaction will cost you 3.5% of the total value + $0.15 per transaction.
- You’ll pay a $20 fee for every chargeback requested.
There are corporate plans for companies with low-value products and services, such as online betting sites, where transactions less than $10 pay a flat-fee of 5% + $0.05 per transaction.
PayPal betting sites – what stands behind the name?
Because of the stringent safety measures applied by PayPal, it’s commonly accepted by the online gambling community that a PayPal bookie is a safe bet. You can rest assured that PayPal won’t engage with unlawful online bookmakers.
Because of this, many online punters look specifically for online bookies that accept PayPal, knowing that the checks and balances are in place.
It’s not only the safety and security through PayPal, but also a drawing card for users. If you bet online using PayPal, all deposits and withdrawals are instant, seeing that the transfers are wallet to wallet.
Unlike many other e-wallet providers, transfers between PayPal wallets are free and instant. The only time you’ll wait for the funds is when you withdraw it to your local bank account.
Many users prefer to keep the balance in their PayPal accounts to use it again to purchase from other vendors and e-commerce sites.
When you see a PayPal betting site, you can be assured of safe and secure banking methods as well as fast payments. It’s the perfect solution for sports bettors as you can’t afford to wait for payouts if you have another sports event you’d like to wager on.
Is it safe to fund your betting account with PayPal?
PayPal uses various means to offer the ultimate online safety and security to vendors and users. It’s safe for both, and can apply other measures from their accounts to enhance it.
The two-step verification is an optional measure that you can select to have activated on your PayPal account and is an added security protocol to ensure your online data’s safety.
According to the PayPal website, they keep your information safe. When you “send a payment on the PayPal platform, the receiver does not see any of your sensitive information such as your credit card number or bank account. You can be sure that it is entirely safe to pay people you don’t know.”
Because there are third parties involved in many PayPal transactions, such as local intermediary banks, users’ critical data protection issues could be external from PayPal.
The first and most critical step you can take to ensure online payments is to secure digital connections when you sign on to your PayPal account. In this way, you can keep your information safe from potential cyber-intruders.
Public Wi-fi connections aren’t secure, and you should avoid using them for internet payments if possible.
PayPal does its best to counter such potential threats by using data servers that continuously scan all browsers, ensuring that it’s safe and using only up to date SSL 128-bit encryption certificates.
It also secures all your data on offline servers, making it safer and keeping it out of online hackers’ reach.
You can rest assured that PayPal takes the security of its platform exceptionally seriously. It has a standing financial reward if any computer specialist manages to find any vulnerabilities, flaws, or a breach in its online data defense system. Many experts state that PayPal is safer than traditional bank cards and checks to make online purchases.
On top of all the above safety measures, PayPal offers a protection plan called the PayPal payback guarantee. If you have opted to use this plan, all your online purchases are secured. In the event that you purchase or pay online and don’t receive it, PayPal will pay you back what you spent.
Why PayPal gambling sites are popular?
Bet sites with PayPal enable you to place wagers without revealing your credit card or bank account details. It’s also a convenient way to make an online betting PayPal deposit without jeopardizing your credit card or bank account credentials.
It is actually for everyone: for individuals, businesses, partners, and developers. PayPal is one of the most popular digital wallets for bookmakers and gambling sites.
According to a study by the azBookmakers team, there are more than 100 bookmakers that accept PayPal, and it starts with bet365.
PayPal gambling in the UK, PayPal gambling in the USA, and PayPal gambling in Australia is still the most popular method to make sporting bets online. It is partly because gambling online with PayPal is comfortable and because their service is entirely secure and provides reliable protection against unauthorized access.
Low-interest rates and an increasing number of churn customers at Skrill and Neteller are changing the market for bookmakers’ funding options. With digital wallets becoming an increasingly precious and vital resource for every online gambler, finding the best bookmaker’s payment provider is worth considering.
Save time with PayPal sports betting
Discovering a fast and cheap deposit method can be one of the most exciting things to dream about as a bettor. It all starts with an understanding of what you’re trying to achieve, how fast you want to transfer your funds between bookmakers, how important security is to you, and how much do you want to pay in fees.
Regardless of your technical skills or betting experience, the payment method can play a role, which in some cases can be detrimental to the success of your betting strategy.
Luckily, there are so many funding options and while it is the norm for many of us, for some, paying a transaction fee is a nightmare. PayPal online gambling provides a secure and time-saving method to bet safely and fast.
We should also add that PayPal does not impose additional fees on accounts you use to make online wagers.
Neither the account holder nor the betting house owe fees to PayPal, and the payments service does not restrict the amount of your monthly deposit. It adds to the attractiveness of PayPal as an affordable payment method for both seasoned and novice gamblers.
Opening a PayPal account for betting
At first glance, opening a PayPal account for betting or other purposes is easy. However, you should keep in mind that PayPal may ask for various documents ranging from a national ID card or your driver’s license to a copy of a utility bill to prove your identity.
It might be a long process in some cases, but the good news is that PayPal doesn’t ask what you are using your account for and doesn’t prohibit you from placing online bets in jurisdictions where it’s legal.
Also, PayPal may put limits on your account if it’s not verified under their policies. It might require the submission of additional documents for your account to be confirmed and limitations to be lifted.
How to make a deposit at a bookie using PayPal?
Once you’ve registered an account at the bookmaker of your choice, you can follow the easy prompts on its website to the payments or banking section.
It’s typically at the bottom of each page of an online bookie’s website. It could also be on a dashboard that opens on the side of the page. You should manage to find it quickly.
It’ll offer all the various available methods, and here you select PayPal. The website will redirect you to PayPal’s official site, and you can log in using your regular PayPal user ID and password.
The payment gateway is fully integrated, and the amount and recipient details will already be entered where needed.
All you need to do is to approve the payment request and amount. Once it’s approved, the payment will transfer to the bookie’s account, and it’ll be loaded onto your sportsbook account within seconds.
Funding sportsbook account with PayPal via phone
You can easily fund an online sportsbook account over the phone using your PayPal credit or debit card. It’s the same process as the provider would follow with your standard bank card, and the process will be completed manually.
You’ll receive a verification email to confirm the transfer, which you have to authorize. When you’ve completed the email authorization, your betting account will be credited, and you place your bet.
Withdrawals with PayPal—is it possible?
PayPal bookmakers will accept it for deposits as well as withdrawals. Many online bookies prefer the PayPal wallet as a payment and payout method due to its speed and security.
When you’re ready to cash out, you go back to the banking section on the bookie’s site. You select the PayPal withdrawal option and the amount that you want.
Once you request the withdrawal and the bookie has done its internal verifications, your payment can be in your wallet within a few hours.
Withdrawing your online bookie winnings with PayPal is one of the fastest methods to get your payment. It ensures you can promptly re-invest your funds in other sporting events without losing out on the opportunity.
PayPal gambling: what you need to know
It’s not that hard to find PayPal friendly bookmakers using the list we have compiled after careful research. We strongly advise you to read through the entire list to find those PayPal betting websites that best fit your requirements and gambling strategy.
Whomever you choose, you must bear in mind a few PayPal policies regarding account creation and maintenance as well as the PayPal gambling policy.
As put on their official website:
“PayPal prohibits transactions for gambling activities by merchants and account holders in the US and any jurisdiction where gambling activities are illegal, and by merchants whose services are accessible to account holders in the US and Canada.”
Therefore, PayPal betting is available mostly outside the United States, but some PayPal betting sites in the USA are working on methods to provide wagers in the US legally.
Each merchant willing to offer betting services should get approval from PayPal independently.
It applies in particular to PayPal betting sites in the US and PayPal betting sites in the UK.
To conclude, most sportsbooks that accept PayPal do this through their affiliates located outside the US and the UK; it doesn’t make them less reliable or reputable.
Another necessary clause in the PayPal policies is that their PayPal protection policy does not cover deposits made with PayPal bookies.
However, this is not a massive problem if you’re placing your wagers at reputable PayPal bookmakers. You can’t take advantage of PayPal credit gambling but need to deposit a certain amount with your favorite PayPal sportsbooks.
It’s a bit more difficult to find horse betting sites that accept PayPal due to the restrictions mentioned above by the payment processing service.
Sports betting bonuses with PayPal – do they exist?
Each online sportsbook has unique terms and conditions, and it’s advisable to read these before registering a new account with one.
Due to the highly secure and widespread nature of PayPal as a payment method, most online bookies accept this specific e-wallet when you want to claim a bonus.
It’s interesting to note that not all e-wallets are included in bonus offers. Skrill and Neteller are generally excluded. Some of the most popular PayPal sportsbooks which offer bonuses include 888sport, bet365, FOXbet, Unibet, and BetMGM.
The best PayPal bookmakers
You can find the complete list of PayPal betting sites in the azBookmakers main table, where you can choose from carefully selected bookmakers.
PayPal is powering many of the biggest names in the gambling industry.
You may be wondering why bet365 is not included in our list of PayPal bookmakers. We don’t recommend using PayPal on this specific platform, as there are many complaints from customers who used it as a payment method for Bet365.
If you haven’t opened a PayPal account yet, we can highly recommend that you do so. It’s a proven brand and payment system that uses only the most stringent security protocols when dealing with your money.
They’ve also increased their footprint globally and are among the most widely accepted e-wallet providers worldwide on thousands of e-commerce platforms. If you register a PayPal account, you’ll be able to use it for more than only your online gambling needs.
You could easily withdraw your winnings from one bookie and directly transfer it to another PayPal betting site to make another bet. It’s a fast, convenient, and centralized payment method widely accepted by online sportsbooks.