PayPal Betting Sites in the UK – Everything about the Safest Payment Method on the Market
PayPal offers a lot to punters in terms of convenience and security. The payment system has some of the fastest withdrawal periods in the industry, where you can get your money within a day. Moreover, the company emphasises security in its operations by protecting the personal data of its clients. Undoubtedly, punters can benefit by using this payment method, so we have taken the liberty to list the best betting sites that use PayPal.
What Is PayPal, and Is It Viable for Sports Betting?
PayPal Holdings Inc. runs a system for online payments. After twenty years in the business, they have become the leader on the market and are trusted by millions of customers across the globe. Nowadays, the brand is synonymous with secure and reliable online payments, which makes it a sensible choice for football bettors.
Why use PayPal? Punters can easily appreciate betting sites that accept PayPal because they don't have to type in their card details for every transaction. It is much more convenient and secure to write down your username and password than to remember 16 digits and a secret code. Moreover, customers enjoy some of the faster withdrawal periods offered by bookmakers by using this e-wallet.
Best PayPal Betting Sites
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How Do I Deposit with This Payment Method?
Punters are required to verify their identity with bookmakers before they can make a deposit. After providing a photo ID and recent proof of address, people wait for the bookie to get back to them with a confirmation. Once this is done, they can continue with making their first deposit:
- Step 1
Navigate to the deposit section of the website and select 'PayPal'. The option may be put together with other payment systems in a separate tab.
- Step 2
Select the amount you wish to deposit and click to proceed.
- Step 3
You will be taken to a separate browser tab for your PayPal username and password. Keep in mind this could be a pop-up window, so make sure you allow pop-ups from your browser's options. Hopefully, you will see a notification from the browser if this is the case.
In case you don't own an account, here is the moment where you will be prompted to create one. You will be taken to the official website of the company and encouraged to create a personal account.
- Step 4
Log into your e-wallet account and approve the deposit. The majority of betting sites that use PayPal will immediately register the transaction, and you will be ready to place bets.
In case you are betting on a mobile device, you can install the PayPal app for additional convenience. The app can authorise payments by simple fingertip confirmation, which truly makes transactions easy while keeping them secure.
How Do I Withdraw Money?
Withdrawing money from bookmakers is just as straightforward as depositing, perhaps even more so. When you withdraw money from betting sites that accept PayPal, often, you will not be allowed to select a payment option. Bookmakers usually pay out money depending on the method that was used to deposit with them.
For example, let's say Archibald first used Visa to deposit £100, and then loaded another £200 from his PayPal account. When Archie wants to withdraw £200 from his betting account, the bookmaker will first payout £100 to his Visa card. Then they will transfer another £100 to his PayPal account as well. This is a regular procedure for the majority of online businesses, and it is meant to simplify things for both customers and bookies.
Here Are Some Details about Using PayPal for Betting
Some online betting sites accept PayPal as a deposit method but don't consider it a qualifying payment option for their welcome bonus. Since the sign-up offer is a one-time event with each sportsbook, this is not that big of a deal to discourage punters from betting with a good bookmaker. However, make sure to research the welcome bonus policy of bookies in advance.
Furthermore, the minimum deposit and withdrawal sums can be different for PayPal. While the smallest card deposits may be £5, the payment system’s equivalent could well be £10. The opposite is also possible, however. There is no rule of thumb about the size of the deposits made with PayPal.
Is Paying with PayPal Safe
PayPal is a good solution for money transfers because their security encompasses many layers of the user experience. First of all, making payments through this e-wallet keeps the customers' financial information hidden. The recipient never receives any personal, bank, or card details.
Furthermore, customers are protected from untrustworthy traders. If customers don't receive what they paid for, the company can resolve the issue with the seller or simply reimburse the buyer. This is part of the buyer's protection that the company offers to its clients, and you can learn more about it here: https://www.paypal.com/webapps/mpp/buyer-protection
Another often overlooked feature of PayPal is their experience in battling online fraud. They have prepared a few tutorial pages on recognising unauthorised account activity, fake emails, and fraudulent websites. Online fraudsters are improving their game, and the pros know what they do. You can check the company's tips here: https://www.paypal.com/uk/webapps/mpp/phishing
How Much Does the Popular Payment System Charge for Sportsbooks?
PayPal betting sites in the UK do not charge any extra fees for depositing or withdrawing with this payment method. Usually, the sportsbook itself pays a percentage of the transaction as a fee. This is how money transfer companies operate.
Furthermore, PayPal does not charge its customers for money transfers or purchases if their bank account is linked to the PayPal account. However, if they use their credit or debit cards instead, specific fees apply. You can find more information about their fees and services here: https://www.paypal.com/uk/webapps/mpp/paypal-fees
What Are the Pros and Cons of Using football betting sites with PayPal?
By carefully weighing the advantages and disadvantages of using PayPal for sports betting, we can determine whether the scales are balanced or clearly favour one side to the issue:
- It's quite simple, even elegant, to use this kind of payment method. All it takes is a login. This is a breeze compared to typing card digits.
- The company goes the extra mile in this regard. Even if your account is compromised, they can still reverse any losses, given solid proof of fraud.
- This payment option offers the fastest withdrawal periods with most bookmakers. In the worst-case scenario, PayPal is just as fast as the e-wallets.
- Some bookmakers prefer cards for their sign-up offers. Even though welcome bonuses are one-time deals, a deal is a deal.
- While some e-wallets and card companies offer a lot of deals and perks to their regular users, there is no such option for PayPal customers
A PayPal Account Brings Value to the Table for Punters
The benefits of using PayPal for sports betting are hard to ignore, but are they significant enough to trigger people into action? The promise of speedy withdrawals and convenient, secure transactions could easily convince punters to go through the account creation process with the payment provider. Using football betting sites with PayPal comes naturally because both utilise internet technology in a user-friendly manner.
Frequently Asked Questions
💳Q: How Does PayPal Work Exactly?
💬A: PayPal is a digital payment service, and it does exactly what the term implies. The service allows customers to make payments and send money. The company achieves this by creating an online wallet with funds. The funds are provided by the customers' bank account, cards, or other e-wallets. Furthermore, the company offers international money transfers and currency conversions.
⚽Q: Which Betting Sites Use PayPal?
💬A: The majority of top betting sites offer a PayPal solution to their customers. The benefits of using this payment method are too many to overlook. However, pay attention to the terms and conditions of welcome bonuses that PayPal sports betting sites offer. Sometimes, this e-wallet is not considered a qualifying payment method for sign-up offers.
💼Q: Who Owns PayPal?
💬A: PayPal is currently an independent, publicly traded company owned by its shareholders. However, from 2002 to 2015, the company was owned by eBay. Currently, they are twice as big as their former owner. Bonus fact: Elon Musk was among the founders of the company, and he earned $165 million from its sale in the early 2000s.