BETTING SITES WITH PAYPAL

UK Gambling Commission 2020 Changes to credit cards and betting

In April 2020 the UK Gambling Commission made a big change to the way that punters could fund accounts. The use of credit cards was banned for all forms of gambling, besides some lottery action (like the National Lottery).

As a knock-on effect of that, e-wallets like Paypal came under scrutiny as well. That is because a Paypal account can be funded by a Credit Card.

However, the UKGC also stepped in there. Online betting operators can accept Paypal deposits, but not if the funds from Paypal itself have been funded from a Credit Card.

So that has been addressed and a potential loophole closed. It will be something to watch out for when it comes to operators that do still accept Paypal.

Punters will also find restrictions when it comes to initial deposits which apply to a bookmaker welcome bonus. On a lot of occasions, operators will exclude them from bonuses. Always check the terms and conditions of any bonus.

The Benefits of PayPal

The speed of transactions with PayPal is one of the reasons why it is a very popular option for funding and withdrawals. If you are looking at getting some cash in your online betting site account, then making a process through PayPal could hit almost instantaneously.

There is also security, because that is one area in which PayPal really excel and shine as well. When you make a transaction with PayPal you are going to have the security protections which they offer with anonymity being top of the list.

You can keep your payment details to yourself for example, you don’t have to give out your banking information for anything to the bookmaker. Once your funding methods have been added to your PayPal account that is it. Think about this scenario, if you are signed up with three different bookmakers.

If you funded them all with PayPal then you wouldn’t have to be sharing say your bank details around at three different places. You do it once with PayPal and go from there. PayPal have always been good with their security anyway, they will help fight fraud and any questionable transactions wherever you use them.

Because they are holding your information then should anything fishy happened on your account, such as a rogue transaction, then the security that PayPal do have means that you aren’t going to be held accountable for the liability should anything go awry.

How to Fund a betting site account with PayPal

PayPal is one of the largest payment processors in the world and one of the pioneers of the format. Naturally before you can go and use PayPal to fund your account at a betting site, you are going to need to give PayPal access to some kind of funding.

As mentioned prior you can use a card, or bank account to link with your PayPal service. You have to go through that process first and verify your information with them in order to get set up.

General Processing Times with PayPal

Although nothing is ever set in stone of course, there is a general rule of thumb when it comes to timing when you are using PayPal with your betting account. Funding transactions to a bookmaker should be immediate.

When it comes to withdrawals though you are probably looking at between 3 and 5 working days for the funds to make it to your PayPal account. That will lead us very smoothly on to the next question about deposits with PayPal. What fees may be associated?

When it comes to fees it is highly unlikely that you are going to be subjected to any of them by your online betting site. It is has become highly uncommon for any operator to now charge any fees when it comes to deposits and withdrawals.

However, that doesn’t mean that you’re not going to get any associated at all. If you look at your PayPal account they do have different charges in place for different types of transactions. How a transaction is funded as well could have a bearing on things. Any time that you do process something with PayPal you will be notified of charges prior to completing a transaction.

E-Wallet Bonus Limitations

Something that you are going to want to pay attention to is how funding account with PayPal and other e-wallets are likely to affect bonuses. Go and pay a visit to any of our leading betting sites and you will find bonuses and promotions aplenty. However, a lot of e-wallet deposits are excluded for them.

You will certainly find that the majority of betting site welcome bonuses cannot be activated if the initial deposit has been made by e-wallets such as PayPal, Skrill and Neteller. So anytime that you are looking at a bonus at a betting site, take a look at the terms & conditions so that you don’t miss out.

PayPal Mobile Betting

Because of the ease and convenience of PayPal, it is a great method to use for mobile betting as well. You can even load up the Paypal app right on your mobile device to get set up with them and have everything in one place.

So if you are out and about and want to get some cash into your betting account then it’s easy and efficient to do. You just do what you would do on a computer anyway. Again, one of the huge benefits of PayPal is just the speed of deposit transactions and security.

But always check first. That’s the best advice that we can give. While some bookmakers may well accept Paypal, it doesn’t automatically guarantee that it will be available to use through their mobile services as well.

Top Betting Sites which accept PayPal

Bet365

One of the top betting sites in the UK, you are able to fund your Bet365 account through PayPal. They excel with their extensive sportsbook and competitive market odds. Bet365 deliver a high quality service with some wonderful features. Their mobile betting services are absolutely top-notch as well.

Bet365 PayPal Deposit Minimum £10

Guts

Guts include PayPal as one of their many different deposit methods, which is a quick and easy way to get started with them. Guts are one of the newer betting sites that have appeared, but they have already built themselves a strong reputation for quality odds. One of the stand out features is just how user-friendly their website is.

Guts PayPal Deposit Minimum £10

William Hill

One of the most famous names in UK betting, William Hill have deposit and withdrawal options through PayPal available. William Hill are one of the biggest betting sites in the world and have long been one a leader of the UK industry. Their sportsbook delivers everything that a punter could ever need and throw in leading odds and big features, they check a lot of boxes.

William Hill PayPal Deposit Minimum £10

BetVictor

BetVictor’s strength is in their odds, because they consistently show up very well in comparisons. You can use a PayPal deposit with them to get your account funded. BetVictor’s sportsbook has an excellent design, making it easy and quick to get your betting done. Their coverage of football and horse racing ranks them very highly.

BetVictor PayPal Deposit Minimum £10

Paddy Power

Paddy Power have a fantastic identity in UK betting and a lot of that has been built on the back of the strength of their promotions and bonuses. That is a great aspect of their services, but it is all backed up with a very solid sportsbook. They offer their customers a very full experience and are one of the top operators out there for horse racing betting services and features too.

Paddy Power PayPal Deposit Minimum £10

Ladbrokes

A big strength of the Ladbrokes betting site is their quality of horse racing markets. They have so much available on there, all backed up with some of the industry’s best prices. Ladbrokes allow for PayPal deposit on accounts and they do run at a lower minimum than a lot of others, needing just £5 to get started. That’s a fantastic way to get started with a very full online betting service at Ladbrokes.

Ladbrokes PayPal Deposit Minimum £5

Other leading betting sites with PayPal Deposit

Betfred

Betfred are another of the leading betting sites who offer PayPal transactions. They are only requiring a £5 minimum deposit as well. Betfred are such a strong betting site for customer service, bonuses and the quality of sportsbook. They have great football betting and horse racing markets on their site and a lot of excellent promotions.

Betfred PayPal Deposit Minimum £5

Coral

Another of the major betting sites in the UK is Coral and they have PayPal as a transaction method, among many, many others that they have. As with most bookmakers, deposits are instantly through PayPal to your Coral account. What you get with Coral is one of the most extensive sportsbooks out there and a range of top features. There’s excellent live in-play betting with Coral and highly rated mobile app.

PayPal Deposit Minimum £10

Unibet

You can enjoy some betting action at Unibet with your PayPal account. It’s a quick an easy set up through Unibet to get the funds into you account as well. Unibet is one of the leading bookmakers around and consistently deliver high quality products. The live in-play betting experience at Unibet is one of the best around and ranks highly with us.

Unibet Deposit Minimum £10

Betfair

Major betting exchange Betfair does allow for PayPal transactions. Just go to your Betfair account and link it up with your PayPal account. It’s that easy. Then you have full access to their tremendous services. The betting exchange offers so much value to their customers, often bettering those of the traditional betting platforms. There is so much to explore and enjoy with Betfair.

Betfair Deposit Minimum £5