PayPal Betting Sites

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Betting Sites which welcome PayPal

PayPalWhen it comes to online betting, there is little doubt that PayPal is one of the most convenient deposit methods available. PayPal betting sites allow for quick and easy deposits and withdrawals, while enjoying a great level of security too. While PayPal not available as a sportsbook deposit option at betting sites in the US or Canada – it can be used freely in many parts of Europe, and has proven to be the deposit choice of many people.

This guide to betting sites which welcome PayPal starts by looking at how you’ll actually make your first deposit. Next, the range of popular betting sites which accept this form of payment is discussed. Then the advantages of using PayPal as a deposit and withdrawal option are explained, before finishing with a look at some of the alternative deposit methods that can be used.

How to Make Betting Site Deposits using PayPal

In this day and age, many of you reading this article will already have a PayPal account due to the company’s close links with the auction giant eBay. However, if you haven’t got an account with PayPal, signing up is quick and easy. Head to www.paypal.com and simply click on the ‘sign up’ button

You’ll now be required to fill out a form with your details, including linking an e-mail address with the site and setting up a strong password. You’ll also have the opportunity to add a debit or credit card to your account and also link your PayPal account to your bank account. Adding the payment cards is simply the case of filling out another form, while linking the bank account will see PayPal make a small (micro) deposit into your account, so you can verify the account is actually yours by entering the exact amount back into their system.

Payments By PayPal

With your PayPal account now set up you’ll be ready to make a deposit. This is the most straightforward part of all, as you’ll simply choose the PayPal option as a deposit option at your chosen betting site and type in the amount you’d like to deposit. You’ll now be taken to the PayPal site itself to confirm your deposit (in exactly the same way as you would if making an eBay purchase) and within a matter of moments, the funds will be in your betting site account..

With PayPal, you can fund your account directly, meaning you’ll be using it as an e-wallet – any deposits will see the money come directly from your current balance. However, if there are no funds currently in your PayPal account, PayPal will simply charge your debit/credit card instead.

Betting Sites Which Offer PayPal as a Deposit Option

There are a whole host of European based sites where you can use PayPal to fund your accounts. Here are three recommended sites:

888 Sport – This site is the sporting arm of the hugely popular 888 brand. Despite a shorter history than many of its rivals, there is little doubt that this site is going places, the 888 brand name being one you can trust. New customers can enjoy a treble the odds first bet of up to £10 and enjoy a wide range of betting options from sporting action all around the globe. I really like the way 888 have organised their mobile betting site - as well as the ever-changing promos! Check out the latest specials at www.888sport.com now!

Paddy Power – Paddy Power is one of the largest success stories in online betting, rising to become one of the biggest sites on the planet – a massive achievement seeing as they started as a group of just 40 betting shops as recently as 1988. Their range of innovative and fun bets and unique advertising campaigns has helped fuel that rise, although for the serious punter, this site is a goldmine, with a huge range of betting markets and options. New customers can claim £30 free when making a deposit of just £10. You can find out more at www.paddypower.com

Bwin – Bwin is an Austrian based betting company, which, like Paddy Power has enjoyed a massive rise. They began in 1997 with just a staff of 12, but by 2011 they would become the world’s largest publicly traded online gambling company, this after their headline making merger with British company PartyGaming. Join today and enjoy a 100% bonus of up to £50.

The Advantages of Using PayPal when Betting

There are a number of advantages in using PayPal to make a deposit to a betting site.

The first of these is the sheer speed of the transaction. Having chosen to make a deposit, you’ll find the funds in your betting account within a matter of seconds. This can be very handy if you need to get that bet on just before the game starts, or you’re watching an event live and want to enjoy some fast moving in-play action.

Another big advantage is when it comes to security. When using PayPal to deposit to an account, you won’t need to supply a site with your debit or credit card details, as you’ll simply be paying through your PayPal account. In general, gambling sites are very secure anyway, but in this day and age, if you can minimise the number of times you give your personal financial details out online, it’s never a bad thing. Using PayPal avoids having to do this completely.

Using PayPal to deposit is free - keep in mind you will pay a small fee when you receive money after withdrawing your winnings. If this is an issue, then betting sites will happily send you a local bank transfer, or even a paper cheque in some cases. 

Alternative Betting Site Deposit Methods to PayPal

Gambling sites do a very good job of making the deposit and withdrawal process as straightforward as possible by offering as many options as possible. As mentioned earlier, debit and credit cards are an option at most sites, while other e-wallets such as Neteller and Skrill will also be available (like PayPal, you’ll not find these e-wallet options available in the US or Canada).

Other options might include a bank transfer, one of many payment cards or even a traditional cheque. In the majority of cases, withdrawals from the gaming site will be made back to the same method you used to withdraw. This is certainly the case with PayPal, as having made a deposit, any withdrawals will be made directly back to your PayPal account – you can now either withdraw these funds back to your bank account or make a deposit to another site. I recommend keeping part of your betting bankroll in your PayPal account at all times. This way you can move quickly  to take advantage of any good promotions or new sports betting bonuses that appear!

More Practical Guides to Online Sports Betting:

- Sportsbook Deposit Options FAQ

- US Friendly Sports Betting Sites Guide

- UK Licensed Online Bookmakers