Welcome to our comprehensive guide on PayPal betting sites! PayPal was first launched in 1998, emerging as an industry-disrupting peer-to-peer payment platform. Since then, it has grown immeasurably, becoming a household name and a payment solution for billions of people worldwide.
As PayPal has grown, it has become a go-to choice for customers all over the world, to the extent that it is available at many major casinos and there are hundreds of excellent PayPal betting sites. This guide will provide you with a thorough understanding of what PayPal betting sites are, the top sites that accept PayPal as a payment method, and the benefits of using this method when gambling online.
Best Betting Sites Accepting PayPal
We’ve taken the time to compile a list of some of the best betting sites accepting PayPal as a payment option. The best of the best are listed below, so why not have a look and see if one takes your fancy – if you are registering for the first time then you will get a fantastic welcome bonus, too.
As a general rule, PayPal is a common option for players, but it is still not that widespread – you will tend to find PayPal as a payment method at top-tier platforms.
As it’s a relatively easy-to-use function and is highly trusted, many bettors – esports or otherwise – tend to feel quite safe when given the option to deposit or withdraw funds on a betting site using PayPal. These days, there are so many payment options that, at times, it can make your head spin.
Typically, betting sites will offer the likes of MasterCard, Visa, Skrill, Neteller, SafePay, and even cryptocurrency as payment options. It’s quite an array, and some people will use their preferred method and never change it. So, as many bettors want to use PayPal, we’ve taken the time to highlight some of the best PayPal betting sites above, so you don’t have to go searching.
If you’re going to use PayPal as a payment method of choice to fund your esports betting practices, you’ll have an easy time of it. As we’ve already stated, PayPal is a trusted and preferred payment solution for hundreds of millions of users. More importantly, it’s an all-digital, technological way of paying for something. That’s something that resonates with esports fans, given that their passion is centred around something that is almost all digital itself.
How to Use PayPal to Bet on Esports
So, you’ve signed up to one of the esports betting sites listed above and now you want to know how to use PayPal to bet on esports. Fortunately, it’s quite a simple process, and in fact, you’ve probably already gotten started on your journey of esports betting with PayPal. If you haven’t, then read on, follow the steps we’ve outlined, and you’ll be placing bets in no time at all.
How to Deposit Using the Best PayPal Betting Sites
- Firstly, you’ll need to sign up and open a PayPal account – this is a fairly obvious first step, and it takes just a few minutes.
- Once you’ve provided the information necessary for PayPal to process your application, you’ll be able to link a bank account, debit, or credit card to your account to add funds or link up a payment process.
- It’s important to bear in mind that if you’re using a bank or a debit card, transactions are typically free, but if you’re using a credit card, you can expect a charge to be applied. Of course, the difference is that credit card deposits take place much faster than debit or bank transfer deposits – and that works the same way for withdrawals, too.
- Once your PayPal profile is completed and ready to go, the next step is to journey back to the best esports betting site you can find. When you’ve successfully logged in, you’ll need to link your PayPal account in the settings tab of the betting site.
- Then, you’ll be prompted to make a deposit, and how much you fund your account with is entirely up to you. Once you’ve completed that final step, you’re ready to start placing bets and (hopefully) winning wagers.
How to Withdraw Funds from Betting Sites with PayPal
If you’ve become a pro at using PayPal to make deposits into your betting wallet, then we’ve got good news. When you’re withdrawing funds, it’s the exact same process, but it’s flipped. Now, you’ll be logging into your betting platform of choice, navigating to the ‘withdraw funds’ tab, selecting where you want the funds to be withdrawn to, which in this case is PayPal, and then kicking off the transaction.
It’s worth keeping in mind that you don’t need to withdraw all of your winnings at one point – you can retain some if you so desire. By doing this, you keep a little money aside to fuel future bets, as opposed to dipping into your PayPal account to produce fresh funds every time. Furthermore, some platforms – particularly the stricter ones – will ask for identification verification before they actually process the withdrawal of funds.
Once you’ve completed the withdrawal process and the money is in your PayPal account, you’re ready to do whatever you’d like with it. Of course, you’re free to just leave it in the account, but you can also withdraw it one step further and pull it back into a back account. If you’re shopping on another website and you use your PayPal account to pay, they’ll prompt you, asking if you want to use your PayPal credit or another payment option.
Key Benefits of Using PayPal Betting Sites for Esports Betting
The popularity of PayPal is impressive and a testament to it being one of the world’s most famous brands. Below the main pros of PayPal as a payment method at betting sites are outlined.
✔️ Reliability: PayPal is renowned worldwide for its security and usability. It is also usually only offered at reputable and fully licensed gambling sites.
✔️ Safety: Not having to share your bank details directly with the betting site is a major plus for some players, which also offers a level of anonymity. Transactions are also extremely secure.
✔️ Convenience: As the world’s foremost digital wallet, PayPal is the middleman between the casino and your bank, allowing to manage your account balance at just a glance as there is also an impressive and easy-to-use app.
Are there any Disadvantages of using PayPal Betting Sites?
As with any payment method, there are always going to some cons. The trick is to see whether these really affect your individual experience. That being said, compared to most other options, PayPal has few negatives and is a great option for most players. The main limitations are expanded on below.
❌ Fees: There may be transaction fees associated with either deposits or withdrawals, and if for some reason, you’re using a foreign currency through PayPal, a conversion rate fee may also apply. It’s negligible, but it’s still something to be lost.
❌No bonus: At some bookies, if you deposit using PayPal then you may become ineligible for the welcome bonus. Always check the terms and conditions before registering to be safe.
The Future of PayPal Betting
As time goes on and digital payment processing becomes the norm, platforms like PayPal will dominate the financial markets. It’s a good idea to get on board now and get used to using PayPal for esports betting. So, if you’ve been on the fence and asking, for example, ‘does Bet365 accept PayPal’, we can confirm that yes it does, and you should absolutely start using it.
It is also likely that the rapid growth in technology that we are seeing in the gambling sector will also translate into PayPal betting sites. For instance, betting with crypto can already be used on PayPal so we expect this trend to continue, with perhaps more currencies accepted and the fees associated with them to lessen.
This will also open the door to more bettors that wish to use such a secure financial platform like PayPal. In short, PayPal is already extremely user-friendly and popular, and that is only going to increase in the coming years.
Alternatives to PayPal Betting Sites
As we have established, PayPal is the world’s favorite digital wallet and it comes with a wide range of positives when you opt to deposit and withdraw with the method. However, for one reason or other – particularly the fact that it is not always offered – you may be looking for a similar payment method that will give you a comparable experience.
In this case, we recommend Skrill or Neteller; both are completely safe and also widely available at esports betting sites.
PayPal Betting Sites: Final Thoughts
Esports betting is at the forefront of technology, so PayPal is a natural option for players that enjoy gambling on events and then processing winnings in a straightforward and secure manner.
There’s no real reason not to use PayPal as a payment method as the advantages clearly outweigh the disadvantages and there are plenty of bookies that accept PayPal – indeed, the wallet is generally offered by the biggest names in the industry.
Frequently Asked Questions
PayPal is such a huge player in the world of gambling that we are sure you will want more even more information before deciding whether it is a good choice for your needs. Below we have answered some popular questions, which should help you gain even more of an understanding.
Can I Use PayPal For Online Betting?
Do Esports Betting Sites Accept PayPal?
How Do I Withdraw Funds From PayPal Betting Sites?
Once the funds have been withdrawn, they will be in your PayPal account usually within 24-48 hours.
