Pros and Cons of PayPal Sports Betting
PayPal payments are simple and straightforward.
Mobile bettors can easily use PayPal.
PayPal is reliable with high transaction success.
PayPal is safe and trusted since 1998.
PayPal transactions are fast; deposits are instant.
Not all betting sites allow payments with PayPal
Withdrawals with PayPal are not instant
Best PayPal Betting Sites
Best PayPal Betting Sites
CryptoLeo
Welcome Bonus Up to 205€
| ⚡️ CryptoLeo RTP: | 95.50% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | paypal, visa, mastercard, bitcoin, applepay, ethereum, dogecoin, litecoin, tron, cardano, shibainu, binancecoin, tether, solana, nodapay, volt |
| 🏇 Number of Betting Markets: | 150 |
| 🎁 Bonus Offer: | Welcome Bonus Up to 205€ |
Pros & Cons
Reliable platform
Generous bonuses
The best odds
Daily and weekly promotions
Many payment options
Complex bonus conditions
Withdrawal limits
CryptoLeo is an impressive betting site that primarily focuses on cryptocurrency payments. However, it also accepts some fiat payment methods, like PayPal. This betting site supports instant payments. The site also boasts of a smooth website design and several betting options that keep bettors occupied. CryptoLeo supports mobile and desktop betting. Thanks to payment methods like PayPal, CryptoLeo bettors can also make payments via their mobile devices.
CryptoLeo Bonus
Welcome Bonus Up to 205€
+11
Accepted
BO200
Duelbits
Welcome Bonus Up to 100$
| ⚡️ Duelbits RTP: | 95.50% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | paypal, visa, mastercard, skrill, webmoney, paysafecard, bitcoin, ethereum, dogecoin, ripple, litecoin, tron, bitcoincash, shibainu, binancecoin, tether, solana |
| 🏇 Number of Betting Markets: | 150 |
| 🎁 Bonus Offer: | Welcome Bonus Up to 100$ |
Pros & Cons
Wide selection of sports and betting markets
Very high odds
Low minimum deposit for bonuses
Innovative and varied promotions
Flexible withdrawal options
Slow verification process
Strict wagering requirements
Duelbits is a trustworthy and amazing betting site that supports a seamless and enjoyable gambling experience. It is a legitimate platform under the licensing and governance of the Curacao Gambling Authority. This betting site supports a vast range of payment methods, including PayPal. Duelbits also boasts several betting markets, vast sports coverage, top-notch security, and an amazing website design.
Duelbits Bonus
Welcome Bonus Up to 100$
+12
Accepted
BC.game
Welcome Bonus Up to 500$
| ⚡️ BC.game RTP: | 95.40% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | paypal, visa, mastercard, bitcoin, applepay, binancecoin, solana, monero |
| 🏇 Number of Betting Markets: | 150 |
| 🎁 Bonus Offer: | Welcome Bonus Up to 500$ |
Pros & Cons
Extensive betting options
Numerous promotional offers
Crypto support
Excellent customer support
Regional restrictions
No standard welcome bonus
BC.Game is an innovative betting platform that has been around since 2017. It is a modern platform with a vibrant and innovative website, that covers several betting markets, a vast sports coverage, and an extensive range of payment methods. This site accepts payments with PayPal as well as different cryptocurrencies and other methods. Betting at BC.Game (http://BC.Game) is easy because of the website design and the fantastic features of the platform.
BC.game Bonus
Welcome Bonus Up to 500$
+3
Accepted
How to Get Started With a PayPal Betting Site?
Getting started with PayPal betting is quite easy. Follow the simple steps below to get started:
1.
Find a Sportsbook
Choose a licensed, reputable betting site with PayPal, good betting options, bonuses, and customer support. Then, create an account.
2.
Set Up Account
Set up and fund your PayPal account for betting. It's simple and free. Visit PayPal's site or download the app to register. If you already have an account, skip this step.
3.
Log in
Log into your betting site account
4.
Select Payment Method
Visit the banking section and choose PayPal as your deposit method. Follow the steps to add funds instantly to your betting account.
5.
Place Bets
Place wagers using the money you have deposited and accumulate your winnings.
6.
Withdraw
When ready to withdraw, go to the cashier section, select PayPal, enter the amount, and initiate the process. Withdrawals typically take 24 to 72 hours.
How to Deposit and Withdraw on PayPal Sportsbooks?
Depositing Funds to a Bookmaker with PayPal
First, you have to sign up for a sportsbook that supports PayPal payments. You also need a PayPal account. Once you have these two, you can follow the steps below to deposit funds to a bookmaker with PayPal:
- Step 1: Log into your sportsbook account
- Step 2: Go to the deposits page or the payments page and click on the available options
- Step 3: Select PayPal as your preferred deposit method
- Step 4: Follow the prompts on the site to connect your PayPal account to the sportsbook
- Step 5: Select or enter the amount you would like to deposit into your sportsbook account. Deposits with PayPal are normally instant. From here, you can start placing bets.
Withdrawing Funds from a Bookmaker with PayPal
Withdrawing funds from your sports betting account with PayPal is easy. As long as you have met all the withdrawal requirements, you can follow the steps below to cash out your funds:
- Step 1: Log into your sportsbook account
- Step 2: Head to the cashier section and select PayPal as your preferred withdrawal method
- Step 3: Connect PayPal to your sportsbook account
- Step 4: Enter the amount you want to withdraw and initiate the process
- Step 5: Wait for the processing period to end so you can get the funds in your account (it takes from 24 to 72 hours)
Bonus Bets and Promo Offers Available With PayPal Sportsbooks
🔹 Welcome Offers Supporting PayPal Deposits
These are offers that are normally attached to first deposits made at a sportsbook using PayPal. Normally, if a platform offers a welcome bonus when a bettor makes a first deposit with PayPal, then they become eligible for the bonus.
A welcome offer normally targets new clients and first deposits. A minimum deposit amount is normally set by the sportsbook. A welcome offer can be issued as a free bet, site credit, or even cash. It can also be a percentage of the money that a new player deposits with PayPal. The terms for the bonus may differ from one betting site to the next.
🔹 Existing Player Options Supporting PayPal
Existing players who make payments at an online sportsbook using PayPal may also receive bonuses from the site. There are several types of bonuses for existing clients that leading PayPal betting sites offer. They include reload bonuses, cashback offers, rakebacks, and VIP bonuses. Most of these offers require players to make deposits into their sportsbook accounts.
However, like the welcome offers, terms for bonuses for existing clients range from one bettor to the next. Some online sports betting sites offer more attractive offers than others. This is something worth considering when choosing a sportsbook with PayPal for your betting activities.
PayPal's History in the Sports Betting Market
◾️ History of PayPal in Online Betting
PayPal officially launched in 1998. It was the first major electronic wallet on the internet. Its popularity made its way into the online gambling and betting scene in the early 2010s. Its introduction in the online betting scene can be attributed to the prominence of daily fantasy sports in the early 2010s. Sites like FanDuels and DraftKings became one of the first ones to accept PayPal as a payment method.
When online sports betting became legal in different parts of the world in the late 2010s, PayPal became one of the first featured options for deposits and withdrawals at many leading betting sites. Since then, more sites have added PayPal to their catalogue of accepted payment methods.
However, different countries have varying rules and regulations that govern their betting sites, including the accepted payment methods. This is why you will still find a few sites that do not accept PayPal payments.
◾️ PayPal's Sports Betting Partnerships
PayPal has partnered with several sports betting sites. Thanks to these partnerships, the betting sites offer bonuses associated with PayPal (as explained in one of the chapters above). PayPal has also partnered with a few software providers in the online betting sector to create a suitable betting experience for all players. These partnerships have proven beneficial to clients and players alike because they get to enjoy faster payments, safer ones, and smoother transactions when betting online.
How to Keep Your PayPal Account Safe When Betting?
Set Up a Strong Password
All betting sites require you to use a password to access your betting account. When you log into your account, you can access everything including your funds. This is why using a strong password is important. You do not only need a strong password for your betting account but also for your PayPal account. This way, no one can hack into either account and steal your money.
Set Up Strong Security Questions
The best betting sites, and even PayPal, allow you to set up security questions that you must answer before you can gain access to your betting or PayPal account. Setting up strong security questions that people cannot answer will help protect your payment and betting account from fraudsters.
Enable Two-Factor Authentication
Two-factor authentication is a process used to prevent unwanted access to your account. It helps verify your identity before you can log into your account. Instead of only using your password, when you enable two-factor authentication, you will also need to answer a security question or provide proof of your identity before you gain access to your account.
Avoid Phishing Scams
Scammers often use email or text messages to trick you into giving them your personal and financial information. The texts or emails will often tell a story to try and trick you into clicking a link or opening an attachment. This is what is known as phishing scamming. You can avoid phishing scams by not falling for such messages and emails. You can also protect your computer by using secure software and protect your accounts by using strong passwords and multi-factor authentication.
Ensure Recovery Information is Up to Date
You also have to keep updating your recovery information so that you can keep your account safe and secure. Make sure that you validate the recovery information so you can use it to recover your account incase of hacks. It also helps keep scammers off your account.
Keep Your Mobile Devices Secure
You can also protect your account by keeping your mobile device secure. If you use your mobile device to log into your betting or PayPal account, scammers can use it to access your accounts. So, you need to use passwords and other measures to keep your device secure.
Top Alternatives to PayPal Sportsbooks
🔸 Skrill
Other than PayPal, Skrill is also very popular. It is a safe and secure online payment system that works so much like PayPal. The challenge with Skrill is that it charges higher fees for international money transfers and currency exchanges. However, Skrill sports betting sites offer great bonuses and wagering opportunities.
🔸 Neteller
Like PayPal, Neteller is a secure and reliable online payment method. It supports mobile payments, instant deposits, and very fast withdrawals (no more than 48 hours). It is a widely accepted payment method in the online betting sector. However, the charges associated with PayPal withdrawals may be slightly high. Regardless, Neteller is a great alternative to PayPal. We have an extensive Neteller sportsbook compilation you can check.
🔸Trustly
Founded in 2008, Trustly is a global leader in online payments. It is a safe, fast, simple, and secure method of making payments with online betting sites. It supports diverse currencies and is accepted at several betting sites, making it a good alternative for PayPal in online betting.
PayPal Betting Sites FAQ
Yes, you can use PayPal to make payments on betting websites. In fact, it is one of the most widely accepted electronic payment methods in the betting sector. You just have to find a betting website that accepts PayPal payments. This post lists a few of such betting sites.
This will depend on the betting site. If the site has not mentioned PayPal as a restricted payment method for activating a welcome bonus, then you need not worry about anything. You will still be able to get your welcome bonus.
Yes, PayPal is a safe payment method. With PayPal, you can avoid using your bank or credit card number for online betting, which is very risky. However, you can make it even safer by using a strong password, two-factor authentication, and not sharing your account details with anyone.
The fees usually depend on the betting site. However, PayPal does charge small fees when it comes to withdrawals. When it comes to deposits, there are no fees associated with PayPal transactions. You have to read through the terms of service for this information.
The max/min deposits for using PayPal usually differ from one betting site to the next. PayPal allows you to deposit very high amounts of money. However, the online betting site usually sets limits that you have to comply with.
You cannot deposit funds into your sports betting account with PayPal if you do not have a PayPal account. You need to have a PayPal account, add funds into the account, and link it to your sports betting account. This is the only way you will be able to transfer the funds. However, the process of creating a PayPal account is quite easy.
Several countries from all over the world use PayPal. However, not all of them allow sports betting with PayPal. This is because of the different rules in the diverse jurisdictions. Before you choose PayPal as a payment method, you must make sure that the method is accepted in your country.