Best Betting Sites with PayPal in UK

All Sports Betting Sites with PayPal

PayPal is an electronic online payment service which operates worldwide. It allows you to quickly and securely make payments online which makes it a great deposit method for online betting.

PayPal began as a deposit method for eBay but due to its ease and convenience, became immensely popular and is now used as an e-wallet across hundreds of thousands of websites. Now with over 200 million registered users across more than 200 countries, it’s safe to say PayPal is a reputable company.

Within this article, we’ll introduce you to the best betting sites with PayPal in UK.

Making a Payment with PayPal

Before you are able to make any deposits with PayPal, you will need to create your own personal PayPal account. This is so PayPal can verify your identity and store your card or bank details privately so you need not enter them on any site other than PayPals.

Setting up a PayPal account is quick and simple. Begin by heading to PayPal.com and clicking ‘sign up’. As you would expect, you’ll be asked for your first name, surname and email address and you’ll need to create a password. Once you’ve created your account, you’ll need to link up your debit card. Unless you change cards, this will be the only time you’ll need to enter your full card details when using PayPal. Once you’ve added your card, you’re all done and ready to find an online bookmaker with PayPal suitable for you.

Any legitimate betting site will always ask to verify your identity first and foremost before taking any payment details. If you’re not asked to verify your identity, the site probably isn’t trustworthy.

Once you’ve signed into your chosen betting site, you can select PayPal as your preferred payment method and input your desired deposit amount. The site will redirect to a PayPal login page where you will need to enter your login details to authorise the payment. You’ll be redirected back to the betting site and your funds will be available instantly so you can begin placing your bets with them straight away.

Making withdrawals using PayPal isn’t quite as instantaneous as making deposits but the process is just as easy. The exact process will vary as per the betting site but generally you’ll need to login using your username and password, click the cashier option and select the withdrawal option. Choose PayPal as your banking option and click submit.

Average Time of PayPal for Deposits and Payouts

PayPal is one of the quickest when it comes to processing times for both deposits and withdrawals. For deposits, after verifying your identity, the best betting sites with PayPal in UK will have your funds available instantaneously. Any other online bookmaker with PayPal is still usually quicker than most other deposit methods.

The best betting sites with PayPal in UK will offer ‘instant withdrawals’ meaning the funds will appear and be available for use in your PayPal account within a matter of hours.

If you would like those funds in your bank account however, you will need to sign in to your PayPal account and withdraw the funds from there, to your bank account. The full process can take between 2 and 5 working days before the funds appear in your bank account.

For more information on how PayPal compares to other options available, you may find our deposit method guide helpful.

PayPal Verification Requirements

Verification increases the security of any deposit method and the purpose is basically to prove you are you and protect you from fraud.

With PayPal, it is a must to verify your account before being able to use all it’s features. Without verification, you will be unable to transfer to other PayPal accounts and the amount you can withdraw is restricted. So long as you have added a valid card or bank account to your PayPal account however, you will be able to make payments and deposits.

To complete the full verification process and have access to PayPal’s full features, you will need to follow the below steps.

  • Login to your PayPal account
  • Under the Summary, in the ‘banks and cards’ box, select the card you registered to the account
  • The next page will show the card details you previously submitted when creating the account. If these are still the card details you want registered to the account click confirm bank card. If you want to register a different card, click add bank account on the main dashboard and follow the instructions.
  • You will then be redirected to the card confirmation page where you can review your card details. Once you’ve checked these are correct, click ‘confirm’.
  • PayPal will then deduct a small fee which should appear on your bank statement with a 4 digit code. Once you have this code, enter it on your PayPal account. If this has been successful, you will receive an instant notification informing you that your account has been verified.

Verifying your PayPal account ensures extra security and we highly recommend you do this before making any payments using the e-wallet.

The History of PayPal

PayPal was one of the first major e-wallets to be used as a deposit method for online gambling and betting sites. It is now uncommon to not find a UK online bookmaker with PayPal due to it’s high popularity and excellent reputation.

Within this section, we’ll explain how PayPal was created and developed into the highly trusted and worldwide used online deposit method it is today.

In 1998 a company called Confinity was created to develop security software for handheld devices. Confinity then merged with online banking company X.com, founded by Elon Musk.

The X.com company was renamed PayPal and made public in 2002.

As PayPal developed, it became increasingly popular in the online betting community. In 2002, 8 percent of PayPal’s entire processing business was solely online gambling transactions. before being acquired by eBay for $1.5 Billion the same year. PayPal very quickly became eBay’s most used method of payment.

Shortly after the merger with eBay was complete, PayPal ceased to operate as a deposit method for online gambling which brought the uprise of some of the other popular e-wallet deposit methods such as Neteller. This is due to being under federal investigation as a combined company, into its online gambling payment processing. The alleged allegations took place before the two companies combined when PayPal still traded independently so don’t let this alter your opinion on PayPal’s security. To dispose of the court case, the combined company paid a civil settlement of $10 million which is estimated to be equal to the amount made by PayPal during the two years it was an online gambling deposit method provider.

In 2009, PayPal returned to the online betting community ensuring that the betting sites they agreed to do business with were completely legal and licensed in the jurisdictions where the payments were processed by PayPal. Betfair was the first online bookmaker with PayPal in Europe but it wasn’t long before Bet 365, William Hill and Ladbrokes followed suit.

In 2015, eBay spun off PayPal into a separate publicly traded company although PayPal is still the online auction sites most popular deposit method.

After acquiring many of their competitors, PayPal is now one of the largest online deposit methods in the world having over 200 million active, registered users worldwide.

PayPal to other Providers Compared

PayPal is probably the most well respected e-wallet service in the world at the moment, a fact that is reflected in that it’s relatively straightforward to find an online bookmaker with PayPal capabilities. The fact that you can send money overseas with just an email address to hand shows it’s convenience and ease. In addition to this, their ‘one touch’ feature makes dealing with your virtual cash easier than it has ever been before, with absolutely no need to enter any card details when making a payment. You can also build and send specialised invoices using templates available on their website, showing PayPal is angled towards businesses; a feature that many other payment providers do not offer. Furthermore, any issues you may come across whilst using PayPal are likely to be dealt with quickly as they offer a number of options to contact their customer service team

Most Popular Deposit Methods

Debit cards – Debit cards are one of the most popular and widely accepted deposit methods on online UK betting sites. They’re mostly free to use but some banks may charge a fee. Withdrawals typically take 3-5 days but it may take longer to appear in your bank account.

Credit Cards – As of April 2020, Credit Cards will no longer be a deposit method accepted for gambling online or offline. This was brought in on the recommendation of the UK Gambling Commission. For more information on the use of Credit Cards on betting sites visit our credit card guide.

Skrill – Previously “Moneybookers”, Skrill is a UK registered trusted online e-wallet which is an accepted deposit method in the vast majority of online betting sites. Like PayPal, you can signup and register your bank card details but you can also store a fixed amount of money in the e-wallet. It’s usually free to deposit money using Skrill but to withdraw, there can be a small fee which is usually about 1%. For more on this deposit method, you should find our Skrill guide very useful.

Neteller – Another e-wallet that is very similar to PayPal, Neteller is another trusted and reputable deposit method. Most bookies accept Neteller payments but some don’t offer any sign up bonuses to customers who deposit using Neteller. Interested to learn more about Neteller? Check out our Neteller guide for all the information you could possibly need.

In addition to the options above, we can also help you learn more about a range of other payment options thanks to the likes of our ecoPayz guide, our Bitcoins guide, and our expansive bank transfer guide.

PayPal FAQ

Below, we have provided you with the top most frequently asked questions to help you to avoid making mistakes when using an online bookmaker with PayPal.

Do I need to use the same deposit/withdrawal method? – Usually, you will be unable to withdraw funds using PayPal if you have not previously used them to deposit.

Why does PayPal block my account? – There are a number of reasons your PayPal account could have been blocked. Most commonly accounts are blocked because the account holder has been unable to verify their account or provide proof of identification. Otherwise, it’s generally fraud protection – to get help unblocking your account, contact PayPal’s customer service team.

Can I get a PayPal bonus?– No, currently no bookmakers with PayPal provide specific bonuses relating to this deposit method, and some bonuses may not be available if you do use PayPal for a deposit.

Will I be charged fees to use PayPal on betting sites? – PayPal as an e-wallet is free of charge to use on all betting sites. However if you use a debit card to deposit with PayPal, you will be charged 2.9%.

Do you need to create an account to use PayPal? – Yes, you will be unable to use PayPal without creating an account to verify who you are.

Can you use a friends or family members PayPal account to deposit on betting sites? – No, only the account holder can use their account to deposit on betting sites. The name on the PayPal account must match the name on the betting site account.

Conclusion

When looking for the best betting sites with PayPal in UK, you’ll find there’s a lot of choice. PayPal is a reputable, secure and trustworthy deposit method provider so you can bet that any online bookmaker with PayPal as a deposit method is legitimate.

PayPal is one of our favourite deposit methods due to it’s speediness, convenience and security, and it’s relatively simple to find the best betting sites with PayPal in UK so you can use this method to manage your bankroll. We like that you don’t have to enter your card details each time you make a payment, it’s very quick to sign in and the deposit and withdrawal processes are instant.

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