A Comprehensive Review of Paypal Betting Sites
When choosing a new online bookmaker to play at, one of the most important considerations to make is the available payment methods. Most bookmakers offer a vast range of options when it comes to depositing and withdrawing, but you should only ever stick to highly-reputable payment methods that you trust.
PayPal betting sites in the UK offer an extra level of security to players, as this company would not allow its services to be used by a scam or a company with a poor reputation. In this guide, we’ll take a look at how to use PayPal, as well as the betting sites that accept PayPal.
| NetBet | To the Review |
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£50 Welcome Bonus | Play Here! | Full T&C’s Apply. 18+ / Customers Will Be Awarded £50 In Free Bets New Customers Only / Freebets Valid For 3 Days / Free Spins Valid For 30 Days |
| Karamba | To the Review |
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Bet £20, Get £10 | Play Here! | Full T&C’s Apply. 18+, Welcome Bonus: New depositing sport players only. Offer only applies to players who are residents of United Kingdom. Min deposit £10, minimum wagering on sport £20, req qualifying bets at min odds at 1/1, offers valid for 14 days; max one £10 free bet per customer, paid as bonus token with min odds 4/5 req. Selected payment methods. Tournaments run every Friday at 00:00 CET until Thursday 23:59 CET. Tournament Timeout Limit: 35. Stake contribution per bet: £1. Minimum odds: 3/10. Minimum bets in tournament to be eligible for reward: £10. 1st Place Prize: £1000. Prizes granted up to 48h after tournament ends. Free Bet does not contribute towards leaderboard. Play Responsibly. www.gambleaware.org |
| Grosvenor Sports | To the Review |
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x2 Odds On your first bet | Play Here! | Full T&C’s Apply. 18+ Exclusive to new members. Offer applies to Sport bets only. Maximum total stake is £10. Each way bets are a maximum of £5 each way (£10 total stake). Valid for 60 days after registration. |
How to Deposit Successfully with PayPal
Unfortunately, not all online bookies allow PayPal betting. However, those that accept this method make the experience of depositing extremely easy. Typically, you go to the deposit section of the website and then select PayPal as your preferred payment method. You then enter any relevant details the site asks, including the amount you wish to deposit (there is normally a minimum £10 deposit amount).
At this point you’ll normally be transferred to the PayPal website (usually in the same page) where you’ll enter your details and confirm your deposit. The process is simple and usually takes less than a minute.
How to Sign Up for a PayPal Account
Signing up for PayPal is a very straight forward process. Simply head to PayPal website and click the ‘Get Started’ or ‘Sign Up for Free’ buttons. You’ll then start the registration process.
When registering, PayPal will ask you for your home address and other relevant details, it may also ask for proof of ID in order to guard against fraud. The last part of the PayPal registration process is linking up your account to a bank account or debit card, which will be used to take funds from if your PayPal account is empty.
The Pros and Cons of Using PayPal
Undoubtedly one of the biggest benefits of using PayPal is that it is an extremely secure payment platform and one that is accepted around the world. It is actually the largest third party payment provider on the planet.
PayPal is very easy to use – even if it’s your first time. With PayPal you can send and request money from anyone else (either individuals or companies) also using the platform. What’s more, the security levels provided by the company are second to none, with all transactions being encrypted so that no-one else can access your data.
However, PayPal isn’t perfect. When receiving money through the site, you’ll be subject to a charge of around 3% on the fee – which can certainly add up if you have a lot of money coming in through the site.
Overall though, PayPal is one of the most user friendly and secure payment methods around.
Paying with PayPal on Your Mobile
One of the highlights of PayPal nowadays is its app experience, which makes sending and receiving money extremely easy – while also giving you live notifications on account activity if you wish.
Apps are everywhere now, even in the sports betting world, so you’ll need to introduction to what an app is. Fortunately, the PayPal app is one of the best around as they’ve really nailed the user experience – including signing in to the app securely using just a finger print (assuming your phone has this capability).
However, if you don’t like to clutter up your phone with apps, you can also make payments quickly and easily by using PayPal in your mobile browser (e.g. Google Chrome). Plus, many sports betting apps (such as those belonging to NetBet, MansionBet and BetBright) also accept PayPal payments directly through their apps.
Safety and Security
PayPal is probably best-known for the amount of security it applies to its service. It’s a very progressive company on this front and uses secure encryption for all the data that the site processes. This way transactions between PayPal betting sites in the UK and their users are safeguarded by additional layer of security.
Being the largest third party payment provider in the world, PayPal also has an army of staff at its disposal, many of whom specialise in identifying and guarding against fraud. From time-to-time if there’s been unusual activity on your PayPal account, a member of the PayPal team may get in touch with you to ensure that this activity has come from you.
The History of PayPal
The origins of PayPal can be found in two early online payment providers, Confinity, co-founded by Peter Thiel in 1998 and X.com, co-founded by Elon Musk in 1999. The two companies were initially competitors, but joined forces in March 2000, with the company was renamed to PayPal in 2001.
PayPal was taken public in 2002 and acquired later that year by eBay for $1.5 billion. This acquisition brought the company to the masses, with PayPal being the preferred payment method for those using the e-commerce site.
Over the years, PayPal has also acquired a number of other tech and payment companies in order to offer the best payment experience around, these include VeriSign, Fraud Sciences, Bill Me Later, Brain Tree and Xoom Corporation – amongst others – as well as a partnership with MasterCard that led to the PayPal Secure Card service.
As of 2018, PayPal has over 244 million users worldwide and more than 18,000 staff.
Alternative Payment Methods
As previously discussed, dozens of payment methods are typically offered at online sportsbooks, but its best to stick to the most trusted methods – such as PayPal.
This website has also provided guides on other trustworthy payment providers you can use when betting online, including paysafecard, Neteller, Skrill, Apple Pay, and the cryptocurrency, Bitcoin. Many of these payment companies provide an even more secure service than using debit cards(like Visa and MasterCard) as you don’t need to disclose your details to the bookmaker in question.
Conclusion
There’s no doubt about it, not only is this one of the best and more secure online payment methods, but simply by using PayPal bookmakers you can be extra confident about the safety of the new sports betting site in question too.
Using PayPal is extremely easy, whether you’re requesting or sending money – including when depositing and betting online.
If you’re looking for some of the best new PayPal bookies online, be sure to check out MansionBet, mobile betting specialists, BetBright, and NetBet, who offer a very generous £50 matched bet bonus to new players following registration. Want to learn more? Red our latest reviews on the latest betting sites in the UK.