PayPal Betting Sites in the UK

Why Use PayPal on Online Betting Sites?

Every betting site worth its salt provides many deposit and withdrawal options, often including PayPal. Using PayPal has numerous benefits for a punter. Let’s look at some of them:

PayPal Quick Registration

PayPal has a quick registration feature that bookmakers can use to shorten the user account registration process. It works much like google accounts. In such a scenario, PayPal shares the necessary information with your preferred online bookmaker, enabling you to sign up in a few clicks and little-to-no typing. 

Ladbrokes and Coral were the earliest adopters of this feature among bookies in the UK.

Fast Transactions

PayPal transactions are usually instant. There will be no delay before you can start placing bets. Some platforms will say withdrawal may take up to 24 hours, but that’s on the bookie’s end and not PayPal. Moreover, a couple of hours is still a much better deal than you would get when withdrawing to a bank account.

Trust

Having been around for a long time and attracting hundreds of millions of users over the years, PayPal can be trusted. It offers reliable services with minor errors or downtime.

Security

Adding to why you can trust PayPal is its excellent security. Your details are protected with the latest encryption technologies. 

PayPal itself has never experienced any breaches. Additionally, it offers 100% protection in case of unauthorized transactions from your account.

Privacy

If you would like to make online transactions anonymously, you will be glad to know that PayPal saves you from prying eyes by maintaining your anonymity. It is not a must for you to submit any banking information to transact. However, you might not be able to send more than a couple hundred thousand in this case.

What’s more, PayPal does not share your financial information. Sure, you may have to link your credit card or bank account to PayPal, but they do not disclose this to your bookie when they act as the middleman.

Convenience and Ease of Use

Among the biggest PayPal selling points is simplicity. Everything is straightforward, from the account creation process, which only requires a valid email address, to the sending and receiving funds, which only takes a few clicks. There are also no registration fees, and you can use the services so long as you have an internet connection.

PayPal Cash Cards

For the punters who would like to spend the money in their PayPal account on things other than betting activities, PayPal also issues a debit card linked to your PayPal balance. The Cash card makes spending easier and opens up a wider range of services. PayPal also issues cash backs when you use its cards.

How to Create a PayPal Account and Link It to Your Betting Account

For starters, you need a PayPal account if you wish to use PayPal to deposit and withdraw from your bookie. If you have an account, you may use it to register on betting sites that offer quick registration with PayPal or simply add PayPal to your account information on the bookie’s site. The following steps will help you create a PayPal account:

1. Visit the PayPal website and click on the “sign-up” button at the top right corner.
2. Choose between a “personal” or a “business” account. Personal is perfect for a punter.
3. Submit your phone number and verify it.
4. Fill in your name, email address, and password.
5. Submit your mailing address.
6. Link your credit card or bank account (optional).
7. Verify your email address by clicking the link sent by PayPal to your email, and you are good to go.

Since you’ll probably have to fund your PayPal account before using it to transfer money to your betting account, it would be best if you linked at least a credit card or bank account. Alternatively, you can fund your account from another PayPal address.

How to Add Money to Your PayPal Account

To add to your PayPal balance, log into PayPal (either through your browser or the mobile app) and follow the steps below. Adding money usually takes 3-5 business days.

1. Click “transfer money,” located on the home page under your balance.
2. Choose “add money to your balance” on the next page that opens.
3. Fill in the amount you would like to transfer from your bank and click “add.”
4. Hit “add xx” to confirm the amount and complete the transfer.

How to Use PayPal for Deposits and Withdrawals on Betting Sites

Depositing with PayPal

Funding your betting account via PayPal is usually the easiest and fastest approach. While logged in on your bookie’s site:

1. Go to the “deposit” menu and select PayPal.
2. Enter the amount you want to deposit and hit the “deposit” button.
3. You will be redirected to PayPal, where you have to log into your account to complete the transaction. You can also register on PayPal at this point.
4. Authorize the payment on your PayPal page, and the deposit should be made instantly, so long as your balance is enough.

Withdrawing to PayPal

Most sites will only withdraw to your PayPal account if it was the same one you used when depositing. It’s a security measure to keep your money safe. That said, withdrawing is a straightforward process involving:

1. Find the “withdrawal” page on your bookmaker site.
2. Select PayPal as your withdrawal method.
3. Enter the amount you want to withdraw.
4. Confirm the transaction.
5. Wait up to 24 hours.

Most bookies will not charge any withdrawal fees. However, PayPal may charge you a small fee for withdrawing to your bank account or transferring the money to any other channel.

Security/ Safety of PayPal

Besides maintaining your anonymity and protecting your card information when facilitating your transactions online, PayPal has a few other tricks up its sleeve as far as security goes. The eWallet has had a strong reputation for maintaining safety from the very start. 

Well, its precursor, Conformity, was initially a security software company. The eWallet provider also uses industry-standard SSL encryption to keep your information locked up securely. You do not maintain any liability in case the information is compromised. 

Paypal also monitors transactions closely to single out potential fraudulent activities. For example, it will flag, lock, or freeze unusual cross-border transactions until verified. You can solve this issue with a quick call to customer support.

Finally, PayPal makes anti-phishing possible by never asking its users for account information or passwords via email. It also has a dedicated email, spoof@paypal.com, for reporting any phishing information.

Fees that Could Apply to Using PayPal on Betting Sites

There are two points where you might incur costs when using PayPal in your betting activities. One of them is through your bookie’s charges, and the other is PayPal’s service fee. However, most betting sites do not charge, and those that do often maintain low rates due to the availability of many options.

PayPal does have a range of fees for the transfer of funds, mostly when converting between currencies. It is highly unlikely for you to incur costs when the currency in your PayPal account is the same type you are transferring to your bookmaker.

Another chargeable scenario is when transferring money from your credit card, which PayPal treats as cash. So, how does the eWallet make money if PayPal doesn’t charge you for the payments you make? Well, your bookie has to pay a small operator fee, which is the main reason not all betting sites have PayPal.