Co-founded by Elon Musk in 1998, PayPal is a leader in instant online banking transactions. PayPal is used by people in over 190 countries through more than 25 currencies. In 2015, PayPal announced that it hosts more than 173 million users.
Online betting with PayPal
PayPal’s applications in online payment transactions are nigh limitless, and naturally you’ll find it often used to make transactions with sportsbooks and casinos. Although it’s not as widely accepted as Neteller and Skrill, PayPal still has a noticeable presence in the online betting sphere. Using it is simple, fast and it comes with minimal fees.
Ladbrokes is the leading online bookmaker in the UK. The company was formed in 1886. Apart from trust of established brand they offer newest technology. No wonder Ladbrokes is the leading bookie that offers PayPal for customers in the UK.
18+. New customers only. Promo code 'F50' required. Certain deposit methods excluded. Min £/€5 on win or each-way bet excluding Tote or pools = match max £/€50 free bet. Min odds 1/2 (1.5). Bet must be made within 14 days. Free bet valid for 4 days. Free bet stake not returned. Single bets only. Free bet cannot be used on certain markets. T&Cs apply.
Bet365 is one of the world’s leading bookmakers. They target a very wide player base; thus their array of payment methods is quite extensive. Naturally, PayPal is one of Bet365’s accepted payment methods as means of deposits and withdrawals.
Here’s what you need to know before using Bet365.
Keep in mind that your email address must carry the same identity as your Bet365 account if you wish to perform transactions. This applies to all other bookmakers as well.
New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
Skybet is a UK household name as far as sports betting goes. Their sports services cover a myriad of sporting events, backed up with extensive betting markets and excellent odds.
Below you’ll find the most important information regarding transactions with Skybet:
Fees – minimal
As far as fees go this provider keeps it minimal. Depositing to bookmakers is completely free, but if there are currency conversions involved, you may be a charged a small conversion fee.
If you are receiving money, the case is a bit different.
PayPal imposes a fixed fee of 3.4% + 20p per transaction to all transaction recipients in the UK. That is, in case the fee was not initially covered by the sending party. For example, on a withdrawal of £200 you may be charged a fee of £7 (£6,8 + £0,20).
Transaction Time – fast and efficient
PayPal is an e-wallet, and as such they specialize in blazing fast transactions between private individuals and business entities. As far as deposits go, you will never have to wait more than a few seconds to see the money appear on your account.
Withdrawals usually take up to 24 hours. Although they are not instant like deposits, they are still one of the industry’s fastest. Some bookmakers have a longer approval process from the moment of your withdrawal request, and you may have to wait 2-3 days, but that is rarely the case.
Customer protection is a top priority, as they serve an incredible amount of users and deal with millions of pounds in transactions on a regular basis. You can rest assured that your personal information, card details and more of the like are kept out of harm’s way at all times.
Moreover, PayPal has advanced encryption methods which independently monitor each transaction in order to prevent risks of fraud. In the case of something going wrong, you can always contact their helpful support team. In addition, PayPal covers up to $20,000 per transaction to reimburse you immediately if something does not go your way, given that you’ve been the subject of a wrongdoing.
If you are still concerned about your security, this provider has an abundance of useful tips on how to stay safe online.
How to use PayPal
The first step is creating your free account. This is a two-minute job at worst, and then you’ll be ready to link your checking/savings account through a debit or credit card. Their website is highly intuitive and makes sure users have an easy time in understanding how everything works.
How to deposit with PayPal at bookmaker
If you want, you may deposit to your PayPal account/wallet and save the funds for use at any later point, or process a transaction using your card directly through PayPal, effectively using the platform as an instant intermediary.
When you’re at the deposit screen of a certain sportsbook, upon selecting PayPal you can enter your card info, select an already linked card or use your online wallet cash to make a deposit. This process is quick, easy and free.
How to withdraw winnings with PayPal
Withdrawing your winnings is just as easy as depositing. However, there are a few things to keep in mind before withdrawing. Given that some sportsbooks will make an effort to payout to the method you used to deposit with, make sure you have made your deposit using PayPal. Moreover, you may need to send in verification documents such as a photo or a scan of your personal ID, passport or utility bill.
If all of that has been taken care of when you’re at the withdrawal screen, select PayPal as your method of preference, and you’re set. You can expect the funds in your account within a few business days. Afterwards, you can either keep the funds in your e-wallet account or send them to your linked debit or credit card.
If you wish to spice up your betting action with more than just sports markets, then you may want to take a look at some of our featured casinos that accepted PayPal as a payment method. You’ll be happy to know that all of the sportsbooks we listed above also feature a casino section of their own. Some are better than others, and you will have to factor in the quality of their games into your decision.
We’ve listed the cream of the crop in the casino department.
Ladbrokes is one of the most diverse online betting destinations in the UK. They cover everything from bingo to poker, and naturally an online casino filled with a myriad of modern and top quality games.
The big draw about Ladbrokes is their VIP Club for loyal members, regular giveaways and the massive welcome bonus. Ladbrokes Casino is now giving you a bonus of 200% up to £600 on your first deposit. PayPal is included in the offer so you can use it to make your deposit.
William Hill Casino
William Hill made their reputation as a bookmaker, but their casino is still one of the best in the UK. They boast hundreds of games from various leading software companies that can entertain you for hours on end.
You can find classic table games, video poker games, progressive jackpots, virtual games, bingo, scratch cards and most of all – hundreds upon hundreds of slot machines. There are plenty of sports-themed slots to boot.
Bet365 is primarily known as a Playtech casino, one of the oldest and most reputable iGaming software companies around. Just as with any leading UK brand, Bet365 casino features hundreds of games of all kinds, including a diverse live dealer casino section that comes second to none.
You should strongly consider Bet365 if you prefer playing on the go more often than not. The casino works great on mobile and tablet devices.