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That means if that site is ever hacked, the only company that needs to worry about their information being compromised is PayPal.
You are completely protected and insulated. So, even if you make different purchases online using PayPal, only one company sees your banking information.
And that company has million users, more than a 50 billion dollar market cap, and some of the best security possible. You only have to give your information to one major company that you can trust.
In fact, you should probably be using PayPal or a site like it with all of your transactions online. Just as there were two transactions with a deposit you pay PayPal, and then they pay the betting site , there are two transactions when you make a withdrawal.
Then, PayPal will make a second transaction, transferring your money from their main account into your personal PayPal account.
Well, you have two options. Before we send you out on your own, we wanted to point out a few additional important things that you need to know about PayPal betting sites.
We want to make sure that we answer as many of the most popular questions and topics of discussions surrounding these types of sites. The limits are all over the place depending on where you are betting, with the low end being a couple hundred and the high end being well into the multiple thousands.
PayPal deposits are usually instant after you click to make the deposit from the site. Regarding PayPal withdrawals, they usually process within a few days at the max.
How quick the betting site is at getting to your withdrawal request will determine how quickly you get your money.
What we normally see at PayPal betting sites are no fees on deposits or withdrawals. Rarely, we will see a small fee on withdrawals, but never have we seen one on a deposit.
The fees that PayPal charges to make their money on your deposit are always absorbed and paid by the betting site.
We touched on this during the benefits section of our guide, but we wanted to drive it home a little further.
In fact, the reputable sites are typically a lot safer than the other online merchants you might use because they spend a lot extra to keep your information and money safe.
They usually have to have the same level of protective measures as a bank, which means you can expect great security. Remember, this is only with reputable online betting sites, though.
Most of the bigger UK bookmakers accept PayPal with similar deposit and withdrawal limits and rules to conventional debit card transactions. Using an electronic wallet service like this comes with several advantages.
Funds clear more rapidly with PayPal than through standard banking meaning you can use your money within 24 hours of making a withdrawal and quite often this can occur within several hours.
You would still need to withdraw from PayPal back to your bank account for full access to your cash and this will take working days due to normal banking procedure.
PayPal also offers some added security by not requiring you to constantly enter various card details across several sites.
Ultimately though PayPal gives you flexibility. By managing your betting wallet in this way you can see clearly what you are depositing and withdrawing without these transactions being lost with your usual grocery shopping.
Through PayPal you could build up funds to a certain amount before you withdraw so you can get more out of your winnings.
Alternatively you can use your PayPal funds to spend as you usually would as this service is now accepted by many companies worldwide.
Some UK betting sites also offer PayPal quick registration allowing you to sign up, deposit and receive your bonus in a matter of minutes without you needing to enter your details over and over again see below for more.
If you are looking for casinos that accept PayPal visit our friends at OnlineCasinos. It is a misconception that PayPal cannot be used to fund online betting and gambling sites in the UK.
It is true that in the USA, Canada and any jurisdiction where gambling activities aren't formally regulated or are outright banned PayPal cannot be used to deposit or withdraw funds into gambling sites.
Having said this, not all bookmakers offer the service - see the table above for a list of betting sites that accept PayPal. PayPal make it necessary to complete their full verification process before you can use the service to fund a betting account.
This is largely to prevent fraud and it is one reason why you can predominantly claim introductory offers when using the eWallet, which is not the case with wallets such as Skrill or Neteller.
Many people have a PayPal account these days. If you already have an account simply make sure your eWallet is loaded with funds and select PayPal from the list of deposit options.
As long as the name of the PayPal account matches the name registered on the betting site then this will be fine, even if the two use different email addresses.
Usually you will not be able to withdraw to PayPal if you have not made your deposit using this method. This does take a few days however as PayPal will need to verify that your address and bank account belong to you.
They will do this by sending you a code in the post and also by transferring a nominal amount into your account with a specific reference code to be entered online.
Once your account is set up you can load it with funds from which you can deposit into your betting account and play with as normal.
Although initial set up may take a week or so it is worth it. As soon as you have your bank account linked to your PayPal digital eWallet you will be able to manage all of your online betting easily from one place.
It is also convenient for when your bank card expires, in this case you only need enter the new details once into PayPal rather than changing your card on each site it is used on.
You can also have several of your own cards and bank accounts linked to the one PayPal account giving you more flexibility in funding options.
Some leading betting sites now offer PayPal quick registration indicated in the table at the top of this page.
Bet Now FantasyBet Review. Bet Now WagerWeb. Bet Now Betnow Sportsbook. Are there any additional fees with using PayPal at online sports betting sites?
How do I withdraw from my PayPal account? Is it safe to use PayPal to deposit at online betting sites? Fantasy Sports.
Betting Sites Using Paypal VideoDo Not Play Online Casino's For Real Money! Here's why......
Most people will be good choosing the personal account option. You can always upgrade later, or create an additional account if you need one for business.
Nor do you need to worry about safety, trust or any of those things. The point is, you want to find a site that has most of what you want that also accepts PayPal.
Even more, I recommend having a backup deposit and cash out method in case the casino stops accepting PayPal, or in the event you run into any issues.
Once confirmed, the money should be in your account almost instantly. At least not while gambling at any unregulated casinos. However, if you gamble at a legal online casino — one available in Delaware, Nevada or New Jersey — then PayPal may be an option.
None that I know about, at least. Your best bet is to use a credit or debit card to deposit, then get a paper check, bank or money transfer for cash outs.
So, your deposits will be fast, but your cash outs will take a few days …and will likely cost you a few bucks. This is probably the closest to PayPal in terms of speed, convenience, and fees.
There are pros and cons to every banking method, though. Yes, you should have no problem claiming a bonus—even if you use PayPal.
A PayPal debit card is a great way to make a little cashback to offset some of your gambling losses.
The closest alternatives will be Skrill or Neteller, both of which are also e-wallets. Other than that, you can use bitcoin.
Especially since — thanks to PayPal — trust and safety are no longer issues. Gambling online can be a scary thing. So, let me ask you this… What if I told you that achieving all this was simply a matter of joining an online gambling site that accepted PayPal?
Would you be excited? You should be. What is Paypal? First, a quick primer. What exactly is PayPal? The company operates as a payment processor for online vendors , auction sites and other commercial users, for which it charges a fee.
Where do you start? Step 1 Create an Account. Step 2 Choose a Gambling Site. What do you want to play or bet on? Do you want to play poker?
Bet on sports? Play slots or blackjack? All the above? Do you want a bonus? What playthrough terms are you willing to agree to? Do you want a VIP program, or is a simple cashback program enough?
Does software matter? Whether you're betting with PayPal or just using it for online shopping, you're likely to receive a dodgy phishing email at some point.
Luckily, your email spam filter should catch it, though. As with any company, you need to make sure that any emails, texts or communications are from the official PayPal accounts and nowhere else - they'll never ask you for any important account information via email so there's no need to give it.
This is the case whether you use Paypal for betting sites or just for online shopping and subscriptions, though. Likewise, neither will an online gambling site - don't give any information if you don't think it's right to and contact the company customer service directly if you want to clarify anything.
In our opinion, this is by far one of the best payment methods to use for sports betting but if you're looking to have multiple options then there are plenty of alternatives to online betting with PayPal bookies.
The key thing to think about is that not every betting site will have every payment solution so you'll have to check on a site-by-site basis.
However, there are a few key payment methods that the best sports betting sites have and they tend to be:.
All of these have their own benefits and negatives - again often involving fees. However, we tend to find that PayPal is the most accessible and user-friendly of them and are less likely to get you restricted from betting offers and bonus promotions.
In addition, if online betting with PayPal is not available to you, because you're out of the UK, consider the aforementioned alternatives.
Of course, another alternative is the humble debit card but here you'll find the withdrawal times a lot longer compared to the speed of an e-wallet solution.
Sign-up Offer. Returns exclude Bet Credits stake. The bonus code CD can be used during registration, but does not change the offer amount in any way.
Full list below. Open Account Offer Available to new customers only. Only qualifying bets settled after claiming the offer will count towards this requirement.
Apple Pay, Fast Bank Transfer, Google Pay, PayPal, paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code PVC , or we have successfully verified two accepted forms of your Identity Documents.
See full Terms and Conditions for details. The Free Bets are credited to the customer's balance upon placing a qualifying bet. Free Bets expire after 7 days from the moment they're awarded.
New customers only. Valid for 30 days. Only applies to first qualifying bet. Should you place a combination bet the total odds must be 2.
The qualifying bet must be placed with real funds. The qualifying bet has to be placed within 7 days from the first deposit.
Money back as bonus. Wagering requirements: Sportsbook 3x at min. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited.
Bonus will expire after 7 days of opt-in. The bonus will expire after 30 days of opt-in. This offer applies to your first bet only.
If you win your first bet the bonus has been used. New Customers Only. Freebets Valid for 3 days. Free Spins valid for 7 days. Bonus amount must be wagered once.
Free bets are valid for 3 days each. Free Spins are valid for 7 days. Play Responsibly - www. Free Bets.
Cash stakes only. Qualifying bet must be placed within 30 days of opening account. Free bet expires after 7 days. Payment method restrictions apply.
Free bet stakes do not contribute towards the customers qualifying bets. Qualifying bet must be the first bet placed on the account to qualify for the first free bet.
Qualifying bets must be placed on sportsbook markets. Your free bet will be awarded in the currency your account is held in. Cashed out bets will not qualify towards your average stake.
All acquired free bets gained through other promotions will be removed from this offer. Offer available to new customers only. Each free bet after this will be applied within 1 hour of settlement and qualification criteria based on your average stake.
Bets placed on the same selection multiple times will not qualify for this offer. Free bet cannot be used over the same selections.
Free bet stakes will not qualify for this offer. Free bets cannot be transferred. Free bets will expire within 7 days.
Free bet stakes will not be included in any free bet returns. Qualifying bet must be placed within 30 days of account opening. Offer applies to UK excluding NI customers only.
Customer depositing with Moneybookers, Skrill, Neteller or prepaid cards will not qualify for this offer.
New customer offer. Exchange bets excluded. Key Terms: New Customers Only. Free bets credited within 24 hours after qualifying bet settlement and expire after 30 days Free bet stakes not included in returns Bets placed using free bets as the stake in full or in part will not qualify.
Offer excludes customers who deposit using Paypal, Moneybookers, or Neteller. Only one bet per event qualifies. Multiple bets are excluded and any single bets in multiple bets are also excluded e.
Multiple bets with cumulative odds of evens 2. Each way bets are eligible for this promotion. Free bet stake not returned after bet settlement.
Valid for 7 days, each Free Bet must be used in its entirety. Only participants depositing with a UK Debit Card will be eligible for this offer.
All other payment methods do not qualify. Upon receiving your Free Bets, you will be able to redeem them on any sporting event excluding Virtual Sports and casino games.
Free Bet stake is not included in any bet returns. Failure to redeem the Free Bets in this timeframe will result in the Free Bets expiring and being deleted from your account.
System bets not eligible. Only deposits made using Debit Cards or Paypal will qualify for this promotion.
Deposits using debit cards or PayPal only. Free bet stakes not returned with winnings.