PayPal for esports betting 2022

Discover PayPal with esports betting

Welcome to Betting.co.uk, where we explore the esports betting world from all angles in order to determine the best payment service to start your betting experience on the right foot.

Our team of knowledgeable experts compiled this esports bets PayPal guide to help you recognize the deciding factors when choosing a payment service. Considering PayPal as your payment method is certainly not a bad place to start. It’s one of the best in the business truth be told. But enough chit-chat, let’s get into it.

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Compare the best places for eSports PayPal betting

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Making a payment with PayPal - easy and secure

Are you keeping an eye on the latest esports scores and looking to fund your esports betting account using Paypal? If so, then you’ll need to take into account several important steps.

Open an account

Funding your account for esports bets with Paypal is fairly simple; it’s one of the reasons why it is so widely used around the world. Hop on over to your best esports betting app or site and input your details, name, date of birth, address, and contact information, and then complete the verification process. Remember, you’ll need a copy of your ID to do so. Once you have that out of the way, you are ready to connect your payment details.

Connect your payment details

So this online payment system is used to avoid the hassle of credit card or direct bank transfers to fund your betting account. However, in order to unlock the convenience of Paypal, you will have to link your PayPal account with your esports betting account. Even though it sounds more complicated than the first step, we can assure you that it is not. All you need to do is remember your Paypal login details. Head on over to your betting account and navigate to the “deposit” menu. Choose PayPal as your payment method, link your account with your PayPal login details, and voila, you are ready to go.

Deposit funds and place your bets

Once you have your deposit method set up, you are a step away from funding your esports bets with Paypal. You first need to transfer funds to your PayPal account from your preferred bank. This process is fairly quick and shouldn’t take longer than five minutes. Once you have that sorted, you can make your deposit into your betting account. Remember that even though PayPal is a popular payment method, you might still come across bookies that lack this payment method. So be sure that the bookie accepts PayPal before you sign up.

Withdrawal and deposits with PayPal - average time scales

As we discussed earlier, making deposits for your esports bets with PayPal is straightforward and we can say the same when it comes to withdrawals. Even though the processing time of these transactions can vary for the most part, overall we found it considerably faster compared to the average time scales in the esports betting scene.

Immediate deposits

Here at Betting.co.uk, our team of experts found that the processing time of PayPal deposits is nothing short of amazing. In fact, you can expect your transaction to clear almost instantaneously. However, as stated earlier, this can vary from bookie to bookie. Remember, we highly recommend using PayPal, however, it is not the be-all and end-all. Crypto is fast becoming a popular method to fund your bets. If this is more up your alleyway, be sure to visit our guide on the best crypto esports betting sites for more information.

Speedy withdrawals

When it comes to withdrawals using PayPal, it comes as no surprise that the processing time mimics that of the PayPal deposits. So if you are looking to instantly cash out your esports bets, PayPal is more than handy. Keep in mind that, similarly to PayPal deposits, the withdrawal times can also vary depending on the bookmaker. Some bookies may take additional time to process a transaction for their personal security and for that you can wait up to 3-5 working days.

PayPal verification requirements - how to confirm your account

PayPal betting sitesPayPal is known to be user-friendly and easy to operate. All that they do ask is that you complete the verification process for your account. It has been noted that there is some wiggle room with regards to this. However, unverified accounts are limited to sending a maximum of £1,900 per year. So if you plan to transfer more than this amount, you’ll need to verify your account.

In order to verify your esports bets PayPal account, you will need to upload your ID or passport, or a copy of your driver’s licence. You will also need to follow up by verifying your phone number or email and provide proof of address by uploading your most recent bank statement or utility bill. This process is actually pretty quick and can be completed within a few hours.

The best places for eSports PayPal betting

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PayPal
UKGC - UK Gambling Commission
100% up to
£40
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Unibet Esports Review
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98/100
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-
UKGC - UK Gambling Commission
in Bet Credits
Bet365 Esports Bonus
£50 in Bet Credits
Bet365 Esports Review
***** Visit Site
Highlights
  • Receive x5 your deposit in bet credits
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92/100
Rating
PayPal
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£30
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  • Deposit £10 and receive 3x £10 free bets.
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PayPal
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£30
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The history of PayPal - the rise of one of the world’s most famous payment service

The birth of PayPal

If you think of one of the most successful companies that entered the sphere of online payment services, PayPal is arguably one of the first to come to mind. The world welcomed PayPal in 1998 when it launched in the industry, but it was only until a year later that it evolved into the platform that we know of today. It was initially called X.com, owned by the entrepreneurial genius Elon Musk.

In 2001, the name was changed to PayPal and not long after that launched its initial public offering. The company was ultimately bought by eBay and soon became the famous service that we are all familiar with today.

Banking licence

Since the birth of PayPal, it started making some serious progressive moves, adding more currencies and launching their official app compatible with Android and Apple devices. The substantial growth rate of this famous payment service led to them obtaining their EU banking licence in 2007, reaching many European countries and businesses.

Esports betting with PayPal

In order to fund your esports bets, Paypal is now one of the most used payments and withdrawal choices around and we are seeing more and more bookies jumping on the bandwagon. However, there are still some bookies yet to add this method as an option. Therefore, we advise that you check out our esports betting guide if you need help identifying these bookies.

PayPal compared to other providers - why opt for PayPal?

Do you love watching esports live? Paypal is an awesome payment method to fund your esports betting account, as there is lots to write home about when using this service. In fact, to list all the advantages of this service would take up too much of this article. At Betting.co.uk, we have highlighted what makes PayPal stand out from the likes of Visa, Mastercard, and other e-wallets such as Skrill.

User-friendly

Aside from the fact that PayPal’s transaction processing time is jaw-droppingly quick, it is also relatively easy to use with its intuitive user interface. The layout of their site and mobile app is arranged in such a way that you can make a deposit or withdrawal within a couple of seconds. Basically all you need to do is make sure that your betting account and PayPal account details match.

Safe and secure

When it comes to managing your esports betting funds, you want peace of mind knowing that there are certain security protocols in place. With PayPal, you get exactly that with their data encryption, buyer and seller protection policies, and real-time transaction monitoring. PayPal guarantees a safe and secure way to transfer money.

Even though banks have years of experience and know-how for implementing safe credit cards or direct banking payments, the fact of the matter is that PayPal acts as a shield between your banking or credit card details and your betting account. Therefore, you can sit back and enjoy an esports live betting experience.

Our favourite PayPal eSports bookies

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PayPal
UKGC - UK Gambling Commission
100% up to
£40
Unibet Esports Bonus
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98/100
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UKGC - UK Gambling Commission
in Bet Credits
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£50 in Bet Credits
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***** Visit Site
Highlights
  • Receive x5 your deposit in bet credits
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92/100
Rating
PayPal
UKGC - UK Gambling Commission
200% up to
£30
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200% up to £30
William Hill Esports Review
***** Visit Site
Highlights
  • Deposit £10 and receive 3x £10 free bets.
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92/100
Rating
PayPal
UKGC - UK Gambling Commission
300% up to
£30
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300% up to £30
888 Esports Review
***** Visit Site
Highlights
  • In-play betting
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82/100
Rating
PayPal
UKGC - UK Gambling Commission
Betfred Esports Bonus
Betfred Esports Review
***** Visit Site
Highlights
  • Major tournaments
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Three essential facts about using PayPal

Bonuses may be excluded

Similar to other e-wallets like Neteller and Skrill, you might come across several sites that exclude PayPal from their welcome bonus offer and other promotions such as esports free bets. Thus, it is worth keeping this in mind when signing up with an online betting site. 

Deposit and withdrawal methods should be the same

Our team of experts discovered that many bookies that accept esports betting PayPal as a payment option often want their customers to use the same transaction method for both deposits and withdrawals. Using two separate approaches could spark higher internal transaction fees and processing times. Having said that, if you prefer using a different deposit method than your withdrawal method, our esports betting guides are available to help you identify these bookies that accommodate your specific demands.

Internationally accepted

If you are looking for a universally accepted payment method, then PayPal is the service for you. They accept 26 different currencies across the globe. Whether you are looking to manage your funds in British pound sterling or a number of other currencies, PayPal has got you covered. 

Conclusion

There you have it!  We have come to the end of our esports bets PayPal guide. PayPal is considered one of the best options in the industry as it is quick, reliable, and extremely easy to use. Remember that comprehensive security oversight depends on you. Keep your personal details safe and do not dive in without going through the terms and conditions.

We hope that you were able to see the benefits of using PayPal online for esports betting. This does not mean that there are no substitutes for this famous payment service. If you are looking to start your esports betting adventure and you prefer a different method, then do your research and ensure you end up using the reliable payment service you deserve. We certainly recommend PayPal though as there are ample benefits that come with it!

Check out these great PayPal eSports bonuses

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Credit Card
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  • Deposit £10 and receive 3x £10 free bets.
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Credit Card
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Esports Bets Paypal FAQ

👍Is PayPal a good payment option for esports betting?

If you are an esports betting newbie, the best place to start is to find the bookie that suits your payment demands best. For example, if you prefer using PayPal, you will find out which operator accepts it  or if there are any terms and conditions that you have to consider before starting out. Here at Betting.co.uk, we discuss exactly that. Check out our esports bets PayPal guide to find out whether PayPal is the best payment option for you.

✅Is it legal to use PayPal in the UK?

Esports betting is legal across the UK and there are many payment methods for you to use in order to kickstart your betting experience – one of which is PayPal. Always remember to check the rules and requirements before you adopt a payment solution. A good place to start is to look at the terms and conditions or to head over to our esports bets PayPal guide for more extensive information.

📱Can I use the PayPal app to fund my esports betting account?

Our mobile devices have added a new dimension to our daily lives in terms of convenience. Transferring funds from your account while being on the go is certainly one of them. At Betting.co.uk, we cover everything there is to know with regards to PayPal and whether the mobile app is an acceptable method of funding your betting account.

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