PayPal Betting – What You Need To Know
PayPal is one of several payment methods accepted by online bookmakers, and if it’s available to you, there are plenty of good reasons to make it your first choice.
How to Use PayPal for Sports Betting
Funding your sports betting account with PayPal is as simple as it gets.
If you already have a PayPal account set up, all you have to do is select PayPal as your preferred method of payment and enter an amount to deposit.
You should see money deposited instantly, allowing you to start betting immediately. PayPal withdrawals can take a little longer, although some leading bookmakers are starting to offer instant withdrawals to PayPal, subject to security checks.
It’s worth noting that if your PayPal is not directly linked to your bank account, it’s well worth going to the effort of setting up. Not only is it necessary if you plan on sending more than £500 per month, it will also make it much easier to withdraw from your PayPal account back into your bank account.
The benefits of PayPal Betting
PayPal has several distinct advantages that make it well worth choosing as a means to fund your online sports betting account.
This is especially true if you already have a PayPal account set up. To fund your account you simply select PayPal as your means of payment. You will then be redirected to the PayPal site where you will be required to enter your login details and confirm the amount of your deposit. Once that’s done, you’ll be redirected back to the bookmaker site, where your account should already be credited with the amount.
Getting your hands on your winnings is equally easy, with many sites promising instantaneous withdrawals. It’s worth going to the trouble of directly linking your bank account and PayPal account. This makes it really easy to withdraw winnings, via PayPal, to your account.
Here at Top 5 Sports Betting Sites we only recommend licensed and reputable bookies, but that doesn’t mean you shouldn’t go the extra mile to protect your financial details on the web.
So, PayPal’s role as a middleman between your bank account and your sportsbook account can only be a good thing.
The good news is that most online sports betting sites don’t charge fees to deposit and withdraw using PayPal. But it is worth noting that any bookie could, at any time, choose to start charging a fee, so check terms and conditions with your favoured casino.
One final benefit is that PayPal does not itself charge any fees for depositing to online bookmakers. However, if your PayPal account is in a currency other than Sterling or Euro, you may be charged a small exchange fee.
If you’re ready to start playing at a PayPal betting site, simply check our list of recommended sites in the table above and click on “Get Bonus” to get started.