Who are the Best PayPal Betting Sites in 2022?
PayPal is one of the top payment methods allowing bettors to both deposits and withdrawals at a range of UK betting sites.
With speedy withdrawals, ease of use and the e-wallet acting as an additional layer of security, it’s no surprise that PayPal is one of the most sought after payment options by UK bettors.
But not all betting sites accept the e-wallet giant as a valid payment method. Check out everything you need to know and the best welcome offers from bookmakers that accept PayPal below.
Our Top Betting Sites that Accept PayPal
|Bookmaker||Sign-Up Offer||Link/Bonus Code|
|Bet365||Bet £10 get £50||Click Here|
|Kwiff||Bet £10 Get £20||Click Here|
|LiveScore Bet||Bet £10 Get £20||Click Here|
|William Hill||Bet £10 get £40||Click Here|
|888Sport||Bet £10 get £60||Click Here|
|Boylesports||Bet £10 get £30||Click Here|
|Betfair||Bet £10 get £40||Click Here|
|Betfred||Bet £10 get £60||Click Here|
|SBK||Bet £10 get £20||Click Here|
Why do Betting Sites Accept PayPal?
UK betting sites look to offer their services to as many customers as possible. One of the most popular methods of attracting additional bettors is by offering as many popular banking methods as possible.
PayPal is one of the most popular banking solutions used by bettors not only to manage their deposits and withdrawals at a betting site but to make purchases and spend money in other areas of everyday life.
With more than 20 million UK shoppers using PayPal to make purchases each year, it makes sense for betting sites to accept PayPal for bettors looking to deposit and withdraw funds.
Betting with PayPal Pros
There is a long list of benefits associated with PayPal and accounts for the majority of reasons in which bettors aim to use the e-wallet when banking at an online betting site.
Of the available pros, it’s the speed offered by PayPal that is often the main benefit that UK bettors are most appreciative of. Although deposits are typically instant, regardless of the banking method chosen, withdrawals rarely are. With PayPal, bettors can gain access to their processed withdrawals within 24 hours – saving multiple banking days compared with alternative banking methods.
The e-wallet is also incredibly simple to use. The innovative payment method is one of the favourites for bettors making a deposit or withdrawal in the UK due to their familiarity with the banking solution. Used in everyday life, PayPal is one of the friendly financial faces that bettors rely on.
Another key benefit of PayPal that UK bettors look for when making deposits and withdrawals is the additional security that is offered by the e-wallet. As one of the top financial companies globally, PayPal ensures that all transactions are safe and secure. Not only does the company offer a range of fraud prevention measures, but utilises SSL encryption to avoid any potential data leaks when making deposits.
PayPal can also be thought of as an additional layer of security between the bettor’s bank details and their betting site of choice thanks to the anonymity offered. The company does not require any of the user’s personal banking information, avoiding any potential unfortunate leaks or breaches of data when using the e-wallet.
Betting with PayPal Cons
Although PayPal is typically a good solution for bettors looking to use the e-wallet when betting online, there are a handful of downsides to using the popular service.
One of the most frustrating issues surrounding PayPal is the exclusion of the payment method when claiming new player bonuses at top UK sportsbooks. A number of top betting sites do not permit bettors to use PayPal or any other alternative banking solutions when making their initial deposit at a new site.
Additionally, bettors outside of the UK may find that PayPal is not at all available in their country for making deposits and withdrawals with any betting site. For example, all bettors in the US are unable to use PayPal as a banking tool when depositing and withdrawing from an online betting site.
Despite PayPal allowing bettors in the UK to use their eWallet when making deposits and withdrawals in the iGaming sector, not all bookmakers offer the banking method. Some betting sites are limited in the number of banking solutions that they offer. This prevents bettors from making deposits and withdrawals with PayPal – a clear disadvantage for those aiming to use the e-wallet.
Can I use PayPal to Sign Up for Free Bet Offers?
Bettors looking to claim free bet sign-up offers may find that a number of different banking solutions are unavailable when claiming their offer.
When betting sites include banking method restrictions on a welcome bonus, bettors will often find PayPal as one of the main non-qualifying deposit options. PayPal is typically joined by Neteller, Skrill and other alternative deposit methods that will forfeit the welcome offer.
In order to avoid missing out on claiming a welcome bonus, it is recommended that bettors first thoroughly check through the terms and conditions of any welcome offer that they are looking to claim. If any restrictions on the available deposit methods are enforced, bettors can then make an effort to avoid using a prohibited banking decision.
The safest way to claim welcome offers is to always use a debit card when signing up and making that first deposit. This takes away all of the risks of forfeiting a welcome offer when betting sites include deposit method terms and conditions.
For example, one of the current Paddy Power welcome offers includes the following term:
- Deposit at least £10 using a debit card (in one transaction) and bet at least £10 on any Daily Jackpot game.
This means that all bettors must use a debit card when making their qualifying deposit to claim the welcome offer.
Another example can be found in the terms and conditions of the current Coral welcome bonus which states:
- This Sports Promotion is not available to customers who open NEW accounts & deposit funds with Prepaid Cards, Moneybookers, Apple Pay, Paypal, Paysafe, Neteller or Skrill.
Again, bettors are required to use a debit card when claiming the welcome offer.
How do I use PayPal on Betting Sites?
Bettors can use PayPal on a UK betting site much in the same way that would use any other traditional banking system.
The service is designed to be easy to use with those supporting bookmakers simply offering PayPal within the standard cashier options. Bettors that do not currently possess a PayPal account can head over to the PayPal site to sign-up with the e-wallet.
How to create a PayPal account
To get started with PayPal, new users should head over to the PayPal homepage before hitting the “Sign-Up” option.
Users are then able to select the type of account that would best suit them (business or personal). Next, a mobile number that will be associated with the PayPal account should be entered. PayPal will then request for personal data to be entered at the site including the following information:
- Email address
- Full name
- Postal address
- Date of birth
Once the account has been created, new users are then able to store their bank/card information with PayPal. Alternatively, funds can be added to the eWallet by a payment method without any details saved at the site.
Once the account is created and funded, it can now be used for both deposit and withdrawal at online gambling sites.
Depositing Funds with PayPal
When depositing with PayPal, bettors are simply required to head to the digital cashier before choosing PayPal from the list of options.
For existing PayPal customers, the email address used to create the account should then be entered alongside the amount that the user is looking to add to the betting site. Following this, bettors are simply able to hit “deposit” to begin the deposit process.
Bettors should note that fees may be applied to the transaction and their PayPal account should have sufficient funds to cover any additional expenses. The bookmaker will clearly note if any fees will be applied to the deposit.
Withdrawing Funds with PayPal
Similar to depositing with PayPal, withdrawing with the banking solution follows much the same pattern as withdrawing with a traditional banking method.
The majority of bookmakers in the UK will require bettors to withdraw funds with the same method used to deposit. This means that those looking to withdraw with PayPal should also ensure that their chosen deposit method reflects the e-wallet.
A minimum withdrawal, typically of £10, is required when bettors are removing funds from their account with PayPal. This is also occasionally subject to fees, depending on the bookmaker chosen. Bettors can find this information in the cashier of their chosen bookmakers.
What Squawka looks for in a PayPal betting site
Of the UK bookmakers that accept PayPal as a banking solution, not all are created equally.
Squawka only recommends the top UK betting sites that offer PayPal as a deposit and withdrawal method. To ensure that only the best make it through, we use a selection criterion to separate the good from the best.
Welcome offers supporting PayPal deposits
Although it may be rare, there are some betting sites in the UK that do allow bettors to deposit with PayPal on their initial deposit.
The majority of welcome offers available to new bettors looking to join a new betting site forbid initial PayPal deposits. Instead, these bookmakers and casinos prefer bettors to deposit with a debit card when claiming the welcome offer with their initial deposit.
However, not all betting sites do enforce this and a small number allow for qualifying deposits to be made with PayPal. It’s these welcome offers that are fast-tracked right to the top of our recommended list.
Existing player options supporting PayPal
If new bettors are looking to sign up with a bookmaker for the long run, it’s not the welcome offer that should be gaining their attention – but rather the existing offers.
Almost all UK bookmakers offer existing players promotions to players that have been betting with them for a number of weeks, months and years. These promotions are among the most popular reasons for choosing any given betting site with bonuses ranging from acca insurance and free bets to odds boosts and money-back guarantees.
However, similar to the welcome offers, bettors that are looking to utilise PayPal when bargaining with the cashier may run into a little trouble when trying to claim these offers. At Squawka, we don’t just check those enticing welcome offers, we check out the remainder of the existing offers, too.
Those bookies offering existing offers with PayPal exclusions will find themselves quickly slipping down the ranks of the best PayPal betting sites.
Lack of PayPal fees
One of the biggest red flags that we look out for as an indicator that a PayPal betting site doesn’t quite cut the mustard is the fees applied to PayPal deposits/withdrawals.
In this day and age, there is quite simply no reason that a betting site should apply an additional processing fee on top of either a deposit or worse, a withdrawal. Those betting sites that add sneaky fees to separate bettors from their hard-won cash are among some of the worst in the industry.
There’s nothing quite like a seemingly trustworthy sportsbook charging withdrawal fees for an opinion to instantly change. If a betting site is charging additional fees, it’s a black mark against it.
Other key features
In addition to the PayPal-centric features of a betting site, we also look for a much broader series of pros and cons associated with a betting site.
There’s a huge amount that goes into powering the best of the bookmakers and banking is just the start. In addition to ensuring the best PayPal betting site include PayPal deposit and withdrawal support, we also evaluate the following:
- Brand reputation
- Market selection
- Odds quality and boosts
- Free bonuses
- Ease of use
Squawka ensures that all information is taken into account and evaluated before recommending any of the top PayPal betting sites.
The History Of PayPal
Established in 1998 under the name of Confinity by Max Levchin and Peter Theil, PayPal has celebrated more than two decades of success as a multinational financial technology company.
In 2000, Confinity merged with x.com, a company focused on financial services founded by Elon Musk in 1999, following their shift in focus from security software to act as a digital wallet. The name was changed to PayPal in 2001.
PayPal became a publicly-traded company following an IPO in 2002, valuing the company at more than $1.5 billion later that same year following its transition to a wholly-owned subsidiary of the online auction site eBay.
PayPal returned to its independent status following its spin-off from eBay in 2015. Most recently, PayPal has ranked within the top 200 companies within the Fortune 500.
PayPal and online betting
The history of PayPal and offering online betting is interesting with several U-turns in the e-wallet’s approach to iGaming.
In the early years of the company, online betting accounted for a large percentage of the revenue generated. Online bettors quickly identified the core benefits of using an e-wallet when depositing and withdrawing funds for online gambling and flocked to use the service.
However, following the merger with eBay in 2002, the company policy on allowing online gambling was changed. This was in response to issues surrounding the US legal system surrounding online gaming and additional pressure from a $10 million lawsuit that plagued the company.
As a result, PayPal prevented its users from depositing and withdrawing funds from all betting sites worldwide. However, with bettors still drawn to the concept of an e-wallet for online gaming, a market opportunity was presented and promptly filled by both Skrill and Neteller. The pair of companies offered much of the same services as PayPal with a focus on iGaming.
This pair of financial companies quickly grew and the impact did not go unnoticed by PayPal. In 2009, the company changed their policy related to online gaming once again, allowing payments to be processed in the gaming industry in the UK. The brand still does not offer online gaming payments in the US.
How to Keep your PayPal Account Safe and Secure
Online betting sites, especially those in the UK thanks to strict rules and regulations enforced by the United Kingdom Gambling Commission (UKGC), offer some of the safest online platforms.
Similarly, PayPal is widely regarded as one of the safest methods of transferring funds online. However, there are still a number of tips that can be implemented to ensure the safety and security of the digital wallet.
Set up a strong password
It should be a no-brainer, but setting up a strong password to both your PayPal and your online betting account is the first step to increasing the safety of a PayPal account.
All online passwords should be unique, meaning that all accounts should have a different password. This prevents further distress if one password is compromised and offers an extra layer of safety between online accounts.
A strong password is one that utilises both upper and lower case letters, numbers and symbols. It is also recommended that passwords are unrelated to personal lives e.g. the name of a pet or family member. Strong passwords can be generated by internet browsers such as Google Chrome and saved in the password manager.
Set up strong security questions
In addition to utilising a strong password, PayPal users should also consider using a number of strong security questions to access their accounts.
The security questions are used when account holders forget their password, but can also be a weak point in which account entry can be forced. To prevent a PayPal account from being forcefully entered, strong security questions should be set up.
A strong security question is one that only the account holder would be able to answer. Information such as a mother’s maiden name or first school can often be easily found. A common tip is to use a random string of words as the answer to the security questions, saved in a secure location, to be used in place of a traditional answer.
Enable two-factor authorisation
Two-factor authorisation can be enabled by PayPal account holders, requiring users to enter a unique code each time their PayPal account is accessed.
This can be accessed in the PayPal account settings and gives multiple options as to how the two-factor authorisation can be used. A code can be sent to a user via either a text message or via the authenticator app that can be accessed on both iOS and Android devices.
Avoid phishing scams
One of the major downsides to PayPal is the number of phishing scams that use the brand to gain access to users’ personal details.
Although these are often easy to spot, the occasion phishing scam can be quite convincing and can catch out even the most experienced web user. Common PayPal phishing scams use email and aim to access users’ personal information in an attempt to access their accounts.
The first port of call when receiving an email from PayPal or any other company in which an account is held is to view the email account that the message has been sent. If the account is not an official PayPal email, it’s best to avoid clicking any links and reporting the email as spam.
If the email is concerning important information about your PayPal account, this can be checked by logging into the account without clicking through from the email.
Ensure recovery information is up to date
In the situation that the PayPal account must be recovered, it is much easier to do so when recovery information is entered and up to date.
The recovery information can be entered in the settings menu and allows users to add both a phone number and an email address that can be used for recovery purposes. It is important that these are kept up to date when using PayPal and will be incredibly valuable in saving headaches if an account needs to be recovered.
Keep your mobile devices secure
There’s a huge amount of sensitive data that is stored on a mobile device and it’s vital that access to this information is protected.
We would always recommend that an access code or facial recognition is used to protect a mobile device. The PayPal app does allow for an additional layer of security with users required to enter an access code. We recommend that this code is different to the code used to open the mobile device.
Are there any e-wallet alternatives to PayPal?
There is a range of alternative e-wallets that are often used as substitutes for PayPal with the most popular being Skrill and Neteller.
Established in 2001, Skrill is a UK-based and founded digital wallet with the parent company of the Paysafe Group. The e-wallet can be used in more than 120 different countries with the capabilities of offering services in more than 40 different currencies.
The pros and cons of using Skrill are very similar to that of PayPal. One of the top benefits that bettors using Skrill will find when making deposits and, more importantly, withdrawals are the speed at which they are processed. Withdrawals can be processed faster than traditional banking methods, allowing bettors to get their hands on their cash quicker than alternative methods.
In addition to the speed of transaction, bettors using Skrill may also find exclusive promotions with betting, casino and poker promotions all available for users of the eWallet. These can be difficult to find, but they are out there when searched for!
Founded in 1999, Neteller is an e-money transfer service that is popular among bettors looking to deposit and withdraw funds online.
Neteller shares the same parent company as Skrill in the Paysafe Group, one of the largest multinational online payment companies. A range of benefits, similar to both PayPal and Skrill, can be attributed to Neteller with the instant withdrawals available to the online Neteller account.
In addition to withdrawals to the digital Neteller account, bettors are also able to withdraw funds directly to a Net+ card, allowing them to use funds immediately.
PayPal Betting Sites FAQ
Have a question about one of the top PayPal betting sites or using the eWallet as a deposit or withdrawal method? Check out our frequently asked questions (FAQ) section below where we cover the most popular PayPal questions and queries.
Can you use Paypal on betting websites?
Yes, PayPal can be used on a large number of sports betting websites, online casinos, online poker rooms and digital bingo halls in the UK.
Not all betting sites in the UK do accept PayPal as a valid banking method. This is something that can be checked in our individual betting site reviews or by the bettor at the site of their choice.
Where PayPal is not an option, bettors may find alternative eWallets available to use at a sports betting site such as Skrill.
Will I still get my welcome bonus if I sign up using PayPal?
The welcome bonuses offered by UK betting sites often come with strict terms and conditions that bettors should take note of when opening a new betting account.
Of these terms and conditions, bettors will often find a restriction on the banking methods that can be used for an initial deposit. A number of welcome offers will not permit new bettors from depositing with PayPal, Skrill, Neteller and other alternative deposit methods.
Instead, when making the initial deposit, bettors should typically use a debit card to claim the offer. Once the welcome bonus has been claimed, bettors are free to use whichever banking methods they choose for the remainder of their time at the betting site.
Is PayPal safe?
Yes, PayPal is one of the safest banking methods that can be used when making a deposit or withdrawal at a betting site.
When using PayPal, bettors add another layer of security between the betting site and their bank account with one of the global leaders in finance acting as the buffer. The eWallet offers state-of-the-art fraud prevention, SSL encryption and an additional password-protected account.
Bettors can deposit and withdraw safely in the knowledge that their funds remain safe and secure with PayPal.
Are there fees when using PayPal on betting sites?
The policy regarding whether or not fees are applied when using PayPal at a UK betting site is decided upon on a case-by-case basis.
Although the majority of bookmakers and online casinos do not charge fees when bettors opt to deposit and withdraw with the popular eWallet, others may charge a small fee. As a general rule, Squawka aims to avoid those betting sites that charge a fee when banking at a betting site. There are too many great betting site alternatives to deal with processing fees.
Any potential fees applied, again, depending on the bookmaker chosen. The majority of those that do charge apply a small percentage fee whereas a small number of others may charge a flat fee for each deposit/withdrawal.
What are the max/minimum deposits when using PayPal?
The minimum and maximum deposits when using PayPal, once again, differs depending on the betting brand of choice.
As a general rule, the majority of betting sites do apply a minimum deposit value of £10 for bettors adding funds to their accounts. The maximum deposit can be as much as £20,000, but this information can be verified with the bookmaker of choice before signing up and making that first deposit.
What are the max/minimum withdrawals when using PayPal?
Bettors that deposit with PayPal will often find that the betting site requires a withdrawal to be made with the same banking method.
The minimum withdrawal made with PayPal will typically match the minimum deposit value. For example, if the minimum deposit required with the eWallet is £10, the minimum withdrawal will also be £10.
The maximum withdrawals made by PayPal will, similar to the minimum, also often match the deposit values. For example, if a betting site has a maximum deposit value of £20,000, the maximum withdrawal will often mirror this and also be quoted at £20,000.