PayPal Betting Sites UK – Details, Advantages and Where to Use This Payment Method

Gone are the days when the only reason that you might have needed a PayPal account was to buy and sell your unwanted stuff from around the house because these days, you can use this payment to conduct transactions to and from your sportsbook accounts.

Before we go any further though, there is something that has to be mentioned about your PayPal account when dealing with sportsbooks which you may wish to take advantage of.

It is possible to go into your PayPal account and apply for a Mastercard. And don’t worry if you have a bad credit history because it is not a credit card, more like a pre-paid card which you can use to either withdraw any part of your balance through an ATM or pay for products or services providing you have a sufficient balance in your PayPal account.

This option is great for punters who are using PayPal to fund their sportsbook accounts. The reason is though making a withdrawal from a sportsbook back to a PayPal account is usually very quick, withdrawing funds from your digital wallet back to your bank account can take five working days.

With a PayPal Mastercard, you can withdraw the funds through an ATM as soon as they hit your PayPal account. This is obviously great news if you need the money right away with the only downside being that there is a charge of £2 for every ATM withdrawal that is made, and the daily withdrawal limit is £250.

This charge needs to be weighed up when considering making an ATM withdrawal, but most punters will probably agree that it is a price worth paying in order to get hold of your funds in double-quick time.

Best Betting Sites Accepting PayPal

Which Are the Best PayPal Betting Websites?

It used to be the case that few sportsbooks would accept PayPal as a payment method, but most people within the industry would now agree that it would be more difficult to find a sportsbook which doesn’t accept PayPal as opposed to those that do. All of the major UK sportsbooks accept this method, especially the ones which come highly recommended.

It really doesn’t seem long ago when a Google search for PayPal betting sites / PayPal betting websites or for PayPal sports betting / sports betting PayPal would display hardly any results but nowadays the tables have turned.

A good indication within the online gambling industry is when a reputable sportsbook such as bet365 implements something new, the rest of the sportsbooks will usually follow.

This was the case with accepting PayPal transactions, and you will find that those sportsbooks which don’t accept this method at the moment will be doing everything that they can to be accepted by what is now probably the most reputable online wallet.

Be Extra Careful When Using PayPal Betting Sites

What is especially important when using PayPal as a deposit method is to be aware that PayPal is a site which scammers like to try and take advantage of.

Because so many people in the Western World and beyond have accounts with this e-wallet, scammers can send out millions of spam emails which look like they are legitimate and have come from PayPal.

They will say something like there is a problem with your account and you need to log in to rectify the problem, but the link which they give you to log in will do nothing more than collect your login details.

The scammers will then usually bide their time and make withdrawals from your account without you even noticing.

It is therefore important that you take extra care when clicking on any link relating to an email from PayPal but as long as you are careful, you really shouldn’t run into any problems whatsoever.

Don’t Try Any Funny Business with PayPal

Something which has been noticed over the past couple of years when it comes to online betting sites (especially those with the best betting offers) is that they will not tolerate any funny business.

To explain that a little more clearly, if a punter tries to fund a sportsbook account of another individual with their PayPal account, even if it is by mistake, PayPal will take no chances and more than likely suspend the account.

They are as squeaky clean as it is possible to get and if you are the kind of punter who plays by the rule book, this is actually a good thing because what PayPal is doing is protecting their brand and your account.

You may have heard stories where PayPal closed down accounts but if you take the time to look a little closer at what has been going on you will usually find that the user has done something to justify these options.

Easy Deposits and Withdrawals

A problem which you often hear about with online betting using PayPal along with most other deposit options is that you can only withdraw any winnings back the payment method from where the deposit was made.

Admittedly, this can get quite complicated, especially if you use different methods to deposit into the same sportsbook.

Let’s look at William Hill as an example because the way that they present the different withdrawal options is very clearly laid out.

If you have been using your Visa card and your PayPal account to fund your William Hill account with your latest deposit method being Visa, you would be forgiven for thinking that any winnings from your latest deposit could be withdrawn directly to your Visa card.

The problem is though if the deposits from PayPal are greater than the withdrawals back to PayPal, this latest withdrawal will be split between the two deposit methods that you have made.

The best advice on this matter would be that if you are in any doubt whatsoever, just get onto live chat before you make the deposit and they will put you straight.

Of course, if you only use one deposit method per sportsbook, any withdrawals will automatically be paid back to the deposit method that you have used.

Conclusion: Should You Use This Payment Method for Online Sports Betting

The choice is obviously entirely up to you, but it would now be safe to say those betting websites that use PayPal are now regarded as the norm with many punters now not giving a second thought to using this method.

PayPal online betting is extremely safe and secure with the added benefit of quicker withdrawal times so that you can make a fresh deposit into another sportsbook without having to wait too long.

One thing to remember is that if you are making a deposit via this e-wallet into a sportsbook in order to take advantage of a bonus offer, make sure that you read the terms and conditions first because in some cases, deposits with PayPal do not qualify for a bonus.

Examples of this happening are few and far between, but it is always best to check first to be on the safe side so that you can use a different online payment method if needs be.