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There has been a rise in popularity of betting with PayPal due to the significant advantages. This article will try to offer information about the top betting sites that support PayPal deposits, while also clearly stating the reasons for a punter to consider this payment method over others.
PayPal Betting Sites – Top Sites That Support PayPal
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These are some of the top bookies who happen to support betting with PayPal:
Bet365 – The Best Choice
Bet365 is one of the top brands when it comes to betting on sports. All users will be gaining access to incredible market coverage aside from a decent set of promotions and offers. Some of the features like live streaming are very popular amongst punters, but the likes of Bet Builder and Cash Out are not far behind.
William Hill – Old and Reputed
This is a great option for punters who want to bet on football. Apart from the outstanding coverage of this sport, William Hill also provides higher limits when trying to make a withdrawal. The live streaming service may not be as good as Bet365’s service, but it is not far behind. Furthermore, William Hill also provides excellent customer support.
Unibet – Industry Leader
Unibet is a sportsbook with incredible experience and it is also very popular in the UK. The football betting options and live stream sections at Unibet are among the best. In several special betting types, Unibet can be regarded as a leader. The payback from this bookmaker can be quite good, while added features like live streaming are also present.
Ladbrokes – World-Class Sportsbook
Ladbrokes specialises in horse races, while it is also a great option for people who want a regular set of promotional offers. The betting odds available on football games are also equally brilliant. Apart from the outstanding coverage, users will also be getting a strong set of features like Cash Out to enhance the value of bets.
888sport – Reliable Sportsbook
The 888 brand has grown into a key player when it comes to sports betting. The payouts on sports like football are extremely brilliant, and it is also assisted by a strong set of campaigns. It is rather easy to sign up for an account, play, and enjoy betting on different sports.
Bwin – A strong upcoming bookmaker, Bwin provides a user with a rich experience through a variety of promotions and offers. This is a great bookie for those looking for year-round rewards.
10Bet – This is a great bookmaker for football punters. Apart from the partnership with many top football clubs, 10Bet also provides an outstanding variety of markets at great prices.
MansionBet – This bookie comes from a strong brand that has been able to make a major impact on the betting and gambling segment. MansionBet excels when it comes to the impressive user experience, a strong set of promotions, and innovative features.
Mr. Play – A strong reason to choose Mr. Play over other bookmakers would be the exhilarating user experience. This is a bookmaker meant for millennials who are tired of boring interfaces.
BetVictor – BetVictor manages to commit a strong set of markets and amazing odds on almost every sport. It carries an elegant and user-friendly design, while the customer service is also top-notch.
Reasons for Using PayPal in Online Betting
In the world of sports betting, PayPal is a new kid on the block as there have been several e-wallets that have been a constant feature in this segment. However, PayPal is one of the leaders when it comes to e-wallets. All users will be exposed to different pros and cons when deciding to go with PayPal as the preferred payment option.
The biggest advantage while using this option would be the service, which is legendary and iconic. PayPal has several decades of experience when it comes to serving customers and it is also regarded as one of the secure payment options around. The company servers handle millions of transactions per day. Over the years, security has been a big aspect of PayPal and they have learned a lot from their partnership with eBay. A technique that is used to enhance security is the six levels of precautions that are taken for every transaction. This is one of the most effective ways of overcoming hackers or prying eyes.
In fact, the security level is so good that a user can always consider PayPal as a strong alternative when they are seeking a switch away from bank transfers or credit card deposits.
Services Offered by PayPal
PayPal provides some key services like encryption technology, 24 x 7 monitoring, dispute resolution, global member protection, personal data privacy, and fraud prevention. If a punter has already been exposed to the world of e-wallets, some of these services would be familiar. A nice feature available from some bookmakers is the ability to add funds into an account as a top up without any additional costs. Apart from the top-ups, one can also profit from deposit bonuses that are available after the welcome bonus offer.
There are several promotional offers that are handed out for using PayPal as a payment option. One should remember that the transactions can take different time periods to complete, as some might be instant while others even take three days to complete. Typically, users may not pay any fees for the transfer of funds between the PayPal account and bank account. Yet, it is key to be sure of this fact since some banks do charge these transfers.
Steps Involved to Deposit/Withdrawal Funds from Online Bookmaker Using PayPal
A punter can add funds using PayPal by going into the payment section of the bookmaker’s account. At this stage, the option of different payment options will be presented. The PayPal choice should be made at this juncture followed by the amount that a player intends to deposit or withdraw.
Now, the PayPal page will open up and provide the option of logging in. The correct username and password should be entered complete the login process. A player is almost at the end of the procedure, as only the deposit amount should be entered to accept the transaction.
The process of getting money is not too different, as a player will still go back to the account management section and choose PayPal as the preferred option. A specified amount has to be entered, but this may be redundant considering that information of the amount would have already been supplied. Now, the bookmaker password may be required as an additional security element.
Steps in Depositing via PayPal
- Enter into the bookmaker’s account section
- Head over to the deposit section and pick PayPal as the preferred option
- This opens up a designated field to enter the deposit amount and it will be followed up with a confirmation
- Once confirmed, the punter is automatically redirected to the PayPal account
- A punter needs to log into the PayPal account before they can authorise the request for the payment
- Now, the process is complete and the punter is redirected back to the bookmaker account
Steps involved in Withdrawing via PayPal
- Enter into the bookmaker’s account section
- Head over to the withdrawal section and pick PayPal as the preferred choice
- Use the designated field to enter the preferred withdrawal amount and confirm the same
- The request is now placed and the money should be delivered to the bank account within 48 hours
Linking Bank and PayPal Accounts
If a punter wants to add cash in their PayPal account, there are two options at their disposal. The first option would be to use a PayPal Cash service and the latter would be to use a bank account. However, it is not possible to use the bank account for adding cash before has been linked with the PayPal account. The process of linking the bank account with a PayPal account requires certain procedures like a test deposit and withdrawal but this will be done automatically.
A punter needs to navigate to the PayPal account balance and look for the ‘add money’ symbol at the bottom. Now, the user has to pick the preferred bank account and enter the quantity of cash that they want to add. This will be followed by clicking on the ‘add’ button initiates the transfer process.
The PayPal cash service also requires a similar set of procedures that one key difference. Rather than pick the bank account, users will be choosing the local vendor who has an association with PayPal. This will generate a special code that requests a deposit from the local vendor. It is quite likely that a service fee may be charged on the cash transfer service, and this fee usually differs from a vendor to another. The process, however, will immediately add funds into the account.
Fees and Security
The biggest reason for PayPal’s popularity in the world of online betting is the tight security measures employed during deposit and withdrawal actions. In fact, security is one of the reasons for the prevalent use of PayPal around the world. There are very few e-wallets who can claim to offer or match the high standards set by PayPal. The UK Gambling Commission has always been supportive of PayPal transactions due to top-notch security.
PayPal manages to encrypt all information about payments and transactions using the latest technology. This is a very attractive feature in the eyes of a punter, who can remain at peace knowing that all types of information – personal and financial – will be shared in a safe and secure manner.
The deposits made using PayPal do not incur a fee. In fact, this step of the process is completely free and users only have to pay a fee when making a withdrawal. This is the case with all types of PayPal transactions – sports betting, online purchases, and more. At this stage, however, PayPal would charge a 3.4% commission, which is comparatively high. Yet, this happens to be the base tier of commission rates. A high roller can expect a significant drop on these numbers to around 2.4% in the uppermost tier.
Sports Betting with PayPal: Pros and Cons
- PayPal can be used to bet from mobile devices, as mobile transactions like deposits and withdrawals are supported
- Customer service is of the highest order
- Money transfers are instant and it is easy to bet in the heat of the moment
- Almost every reliable and popular bookmaker accepts PayPal
- Reliability of the platform is very high
- PayPal charges fees on withdrawals
- All transactions are documented and this can be problematic for some individuals, who do not prefer excessive transparency
FAQs about PayPal in Sports Betting
Is PayPal accepted by all betting sites?
Yes, many of the betting sites will provide the option of PayPal deposits and withdrawals. Even then, there are still bookmakers who do not offer this option.
Is PayPal safe for betting on sports?
PayPal is one of the best options for a user can send about safety and security. It manages to boast different layers of security and it is also immensely reliable on this front.
What are the fees incurred when depositing through PayPal?
Users typically do not pay any fees when depositing funds into a betting account through PayPal. However, PayPal would charge its usual commission when a withdrawal is requested. It ranges around 2.4% to 4% depending on a user’s status with PayPal.
Is it possible to claim bonuses when making deposits using PayPal?
This depends on the bookmaker. Most of the bookies make sure that all deposit methods help a punter qualify for the bonuses, but it is also possible that e-wallets like PayPal may be excluded from the same.
What is the time taken to deposit money using PayPal?
All deposits made using PayPal are instant and it takes only a few seconds for the funds to reflect in the betting account.