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Best Paypal UK Online Bookmakers (Betting Sites)

Betting guide that shows you how to use PayPal for online betting and who are the best betting sites that accept PayPal

PayPal is the world’s most popular digital payment method with over 244 million active customer accounts. Most will be familiar with one of its founders, Elon Musk, has gone from creating PayPal to making rockets and electric cars! But what does this have to do with sports betting?

Well, while Paypal has long been used for online shopping and payments, many online sportsbooks, casinos and poker sites have recently implemented this fast and secure payment system.

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PayPal is a good payment option for punters primarily because it’s safe. Through PayPal you can bet online without revealing your debit or credit card details to the bookies, and you can conveniently withdraw funds to your credit card or bank account without having to worry about having betting companies show on your bank statement. The PayPal mobile API is fully integrated mobile payments with online bookmakers’ websites as expected, so transferring money on mobile devices is easy.

Do any betting sites accept PayPal? Yes, they do!

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Can I use PayPal for bet365? Yes, you can!

So let’s get you up and running…

Quickly navigate to your desired topic:

  1. What Is PayPal And How Does It Work?
  2. Best UK Online Bookmakers That Accept PayPal
  3. Fees And Limits
  4. Bet With Paypal: Pros and Cons

What Is PayPal And How Does It Work?

What Is PayPal And How Does It Work

PayPal is the oldest electronic wallet that allows users to transfer funds quickly online. Although the service is most commonly used to purchase goods, services or subscriptions, this payment method has been adopted by various well-known online betting sites since 2015, when eBay and PayPal were split into two different companies. For the curious there’s more on the history of PayPal, but for now let’s move on to the essential bits.

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PayPal Open New Account

Opening an Account with PayPal is pretty straight-forward: you’ll have to choose between personal and business subscriptions, enter basic personal information, and provide an e-mail address and a phone number (both must be confirmed). Next you’ll have to verify your account by validating a payment method, namely a credit/debit card or a bank account. A random sum will be deducted from your account and a code will appear on the bank statement: you’ll have to enter those details online to be completely linked up. For the safety conscious you can always set up two-factor authentication or even fingerprint authentication (if you’re an iPhone user) for extra security.

Once your account has been confirmed, you can initiate the deposit process from the bookies website. You’ll have to enter the desired amount and then login to PayPal to confirm the payment, and the sum will be deducted from your existing PayPal balance or from your linked bank card within a matter of seconds.

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Withdrawing winnings through PayPal is also incredibly quick: once the request is approved by the respective betting site, the funds will appear in your e-wallet in an instant. You then have the option either to keep your money in the e-wallet, transfer them to a friend, or to withdraw them to your credit card or bank account. It shouldn’t take more than a couple of hours for the funds to arrive!

And that’s not all…

PayPal prepaid Mastercard

UK residents aged 18 or over that are already using a verified UK PayPal Premier or Business account can also apply for a PayPal Access card, which is basically a contactless prepaid MasterCard that can be used just like any other debit card, to pay for stuff in shops or online or to withdraw funds from ATMs (home and abroad). All the funds are directly deducted from your PayPal account balance.

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Best UK Online Bookmakers That Accept PayPal

Online Betting Sites That Accept PayPal

Although PayPal only restarted working with online sports betting sites a few years ago, there are now many top betting sites accepting the payment format. We’ve carefully put together a selection of recommended PayPal Bookmakers that are suitable for all types of punters, regardless if you fancy wagering on horse racing or if you’re an avid football betting nut that’s always staking a few units on Premier League and Champions League matches.

Best PayPal Betting Sites UK:

bet365 Paypal – min deposit £10, min withdraw £10, zero fees – Claim Offer

BetVictor Paypal – min deposit £10, min withdraw £10 – Claim Offer

William Hill Paypal – min deposit £5, min withdraw £5 – Claim Offer

BetFred Paypal – min deposit £5, min withdraw £5 – Claim Offer

You might also want to read more about:

888sport Paypal – min deposit £10, min withdraw £15 – Claim Offer

NetBet Paypal – min deposit £10, min withdraw £10 – Claim Offer

BetWay Paypal – min deposit £10, min withdraw £10 – Claim Offer

PayPal Betting UK: Fees And Limits

PayPal Fees And Limits For Online Betting

You’ll be charged a 2.9% fee when you use your debit/credit card, however, you can withdraw funds from your PayPal account to a bank account with zero fees. There are no other betting fees associated.

The vast majority of the bookmakers that accept PayPal won’t charge fees when you’re depositing and withdrawing. The operator will generally pay the fees unless there’s a currency conversion occurring (which is rare), and in any case such details are clearly specified beforehand. The leading betting companies from the UK markets won’t charge you a dime when transferring money in or out.

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PayPal Access card Fees Limits

If you want to bet with PayPal then you should consider the fees that come with their contactless prepaid MasterCard:

Paypal Access card Fees

  • No monthly, annual or maintenance fees
  • Zero fees for online or in-store transactions
  • UK cash withdrawals (£2 per withdrawal)
  • Overseas cash withdrawals (£3 + 2.75% per withdrawal)
  • Overseas purchases (2.75% foreign exchange fee)
  • A replacement or second card on your account (£4.95)

Paypal Access card Limits

PayPal uses two types of debit cards. When you apply they’ll choose the one the suits you best.

Standard Card Limits:

  • Limit per transaction – £1,000
  • Daily transaction limit – £1,000
  • Weekly transaction limit – £1,500
  • Daily cash withdrawal limit – £250
  • Weekly cash withdrawal limit – £500
  • Annual cash withdrawal limit – No limit
  • Total annual limit – No limit

Full Card Limits:

  • Limit per transaction – £1,500
  • Daily transaction limit – £1,500
  • Weekly transaction limit – £3,000
  • Daily cash withdrawal limit – £250
  • Weekly cash withdrawal limit – £1,000
  • Annual cash withdrawal limit – No limit
  • Total annual limit – No limit

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Bet With Paypal: Pros and Cons

Pros and Cons Of Using Paypal For Betting

Using an e-wallet service like PayPal comes with several advantages. By linking your credit card or loading funds to your PayPal account, you’ll always be able to make payments quickly without needing to carry any cards or passwords with you. On top of that, you have the option to apply for a PayPal Access card to be able to use your account balance to pay at shops, online or withdraw money from ATMs. PayPal gives punters total freedom and speed when moving their funds.

PayPal currently operates in more than 200 countries worldwide, but is not available for use for betting in all of them. These are some countries where PayPal can be used for gambling purposes: UK, Austria, Belgium, Denmark, Finland, France, Greece, Ireland, Italy, Portugal, Spain & Sweden. More countries will be added subsequently, so feel free to check with PayPal directly to see if your country is included in this list.

All Paypal accounts are required to complete the full verification process before the user is allowed to transfer funds to a betting operator. The reason behind this is that some online bookmakers that accept PayPal also allow new customers to claim welcome bonuses when depositing via PayPal, so preventing fraud becomes mandatory. This is one of PayPal’s biggest advantages over other e-wallets such as Skrill or Neteller, as using these won’t make the user eligible to claim a sign-up offer.

Also, a few top online bookmakers allow quick registration through PayPal. You can register a new betting account and make your first deposit in a matter of seconds if you agree to give PayPal the authorisation to share your personal information with the betting site, i.e. in the same way you can register on various websites using Facebook or Google.

When it comes to cashing out from the online gambling sites, PayPal’s withdrawal time is hard to beat, especially if we think about the possibility to own a prepaid bank card that will enable you to gain access to your funds lightning fast.

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On the downside of things, customer support can be a problem when you have more than 244 million active accounts worldwide, so don’t expect the PayPal customer service to be extremely quick and straightforward.

The 2.9% fee for topping up your account balance via debit or credit card can be a pain for some punters, but then again, if you’re not in a rush you always have the option to use the bank wire transfer method which comes with no fees.

Overall, we like PayPal’s service here at BettingInstitute. PayPal offers a quick, safe and convenient way to transfer money and wager online, as well as a fast way to withdraw your winnings.

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