PayPal is a mainstream payment option that you can use at many websites across different sectors. That includes many different UK betting sites. In this article, we look at the best PayPal betting sites. We also explain the pros and cons of using PayPal, what fees might be involved, and how to make deposits and withdrawals with PayPal.
Pros & Cons of PayPal as a Payment Method
PayPal is a popular method for deposits. Betting sites that accept PayPal make it very easy to use. It is quick, easy, and secure. However, it does have some minor downsides as well.
- Pros:
- Wide choice of PayPal betting sites
- Deposits are instant
- Withdrawals are also very quick
- Generally no fees
- Extremely secure
- Exceptionally convenient
- Cons:
- Requires an account
- Not the absolute quickest method
- PayPal deposits may exclude you from promotions
- Not accepted by all sites
Does Using PayPal Require an Account?
Customers can use PayPal to buy certain goods without having an account. However, betting sites with PayPal require users to have an account. This makes it easier for them to comply with money laundering regulations. It is also linked to KYC (Know Your Customer) requirements.
It is easy for customers to create a PayPal account. To use casinos that take PayPal (or other betting sites using PayPal), just visit the personal registration page on the official PayPal website.
It is very quick and easy to register. Just input the email address you would like to use and follow PayPal’s simple instructions.
PayPal Deposit
It is very easy to make a deposit with PayPal. Simply click ‘Deposit’ and then select PayPal. The first time you make a deposit, you will need to link to your PayPal account. Generally, at this stage, you have the option to allow one-click deposits. Choose this for maximum convenience. Alternatively, you can opt to log in to PayPal each time.
Betting sites that use PayPal automatically direct you to PayPal, so this whole process really is very simple. Choose the amount you want to deposit and then confirm the transaction. The money should reach your betting account instantly. Moreover, whether you are betting on desktop or mobile, the process is just as quick and easy.
PayPal Withdrawal
Online casinos that accept PayPal (and PayPal betting sites generally) will expect you to withdraw winnings using PayPal if you deposited that way. Once again, this is a very straightforward process.
The exact steps will vary from site to site. However, in general, you can just go to your account and select ‘Withdraw’. Typically it will default to PayPal if this is your main payment method. As such, all you will need to do is enter the amount and click withdraw and/or confirm.
Once again, this is very quick and easy on both desktop and mobile. However, note that funds will be withdrawn to your PayPal account. Consequently, you will have to visit PayPal and withdraw separately to the bank account or debit card you use to fund PayPal. Note that it can take up to 24 hours to reach PayPal, but it often takes just a few minutes.
PayPal Fees in the UK
None of the best PayPal betting sites charge a fee to withdraw or deposit with PayPal. However, some sites may do so, especially those not legally licensed to operate in the UK. We strongly advise against using such sites, however. The best PayPal casinos and sites all have a license from the UKGC. With plenty of these to choose from, it is easy enough to avoid fees.
Standard withdrawals in GBP to a UK bank account do not incur any fees at PayPal. Alternatively, you can withdraw without a fee to a UK debit card.
How Does PayPal Compare to Other Payment Methods?
PayPal compares very well with other payment methods. Generally speaking, it is a great option for most customers. PayPal sports betting sites are widespread, and the same applies to casinos. Availability, therefore, is not an issue.
In terms of convenience and security, PayPal is perhaps the best deposit option available. It is convenient because you do not need to have your wallet or card to hand. Additionally, it is very secure because it serves as an intermediary between your financial details and the bookie. Moreover, it keeps betting transactions off your bank statement. However, it is sometimes a little slower on withdrawals. Lastly, whilst almost all bonus offers can be claimed with a debit card, occasionally some are not offered for PayPal deposits.
PayPal Alternatives
Generally, PayPal is a great option for punters. However, there are several alternatives that have many of the same benefits. For example:
- Debit card (VISA/Mastercard) – pays from your bank account
- Google Pay – via phone
- Apple Pay – via phone
- Skrill – e-walllet
- Neteller – e-walllet
How to Choose a PayPal Betting Site or Casino
What betting sites accept PayPal? The answer is almost all of the top UK ones. Therefore, deciding which PayPal online casinos or sportsbooks are best is not straightforward. Different punters look for different things when it comes to a betting site or casino. If you want to claim a bonus, make sure the site’s offers are PayPal-compatible. Additionally, if you have particular requirements in terms of niche sports or unusual casino games, be sure to check that these are available.
However, generally speaking, we would advise all customers to consider the following:
- Safety and security – is the site fully legal and licensed by the UKGC? Do they employ encryption and other security features to keep your details safe? The best betting sites using PayPal do that and more.
- Range of sports, markets, and games – punters should ensure the site provides the games and sports markets they enjoy.
- Odds/RTP – do players and bettors get good value?
- Bonuses, free bets, and offers – do new and existing customers have a generous range of promotions to choose from?
- Site design and functionality – is the user experience good and are extra features and tools available?
- Reputation – reputation isn’t everything but a popular, well-established brand is probably doing a lot of things right.
Common Problems & Solutions When Using PayPal
PayPal is a slick operation, so problems are generally rare. Occasional glitches and issues may occur. Possible problems could include:
- A deposit may be declined due to a name mismatch. The name on the PayPal account must match the betting account. Alternatively, a deposit may be declined due to insufficient funds, in which case, check with your bank.
- If you are unable to withdraw to PayPal, it may be because your initial deposit used a different payment option. Check and try to withdraw to that instead.
- A common problem can be not being granted a bonus because PayPal was ineligible. It is always wise to check the Terms and Conditions first.
Final Verdict – Is PayPal Right for You?
PayPal is an excellent option for most users. It is fast, safe, simple to use, and widely available. It is very convenient and a good pick for those wanting a little extra security.
FAQ
Is PayPal legit and secure?
PayPal is 100% legit and is a very safe and secure way to deposit and withdraw funds. Moreover, it may be even more secure than using a debit card.
Is PayPal a common payment method among UK betting sites?
PayPal is widely accepted at UK betting sites and online casinos.
Are there any fees for using PayPal?
Generally speaking, betting sites do not charge to deposit or withdraw using PayPal. There may be fees to deposit into and withdraw from PayPal depending on what method you use. However, it is easy to deposit/withdraw without fees.
Are there any bonuses and promotions with PayPal?
It is rare to see a specific bonus for depositing with PayPal. However, generally, most bonus offers can be claimed when you deposit this way. Check the T&Cs of any promotion to be