PayPal Betting Sites – Bookmakers Which Accept PayPal

Despite online bookmakers providing a wide variety of options when it comes to depositing and withdrawing money, PayPal is quickly becoming the most popular method with punters. Previously, many bookmakers were unconvinced in terms of providing e-wallet style payments, however this has certainly now changed for the better. Many betting customers will now select a bookmaker partly down to the number of banking methods in which they provide, with PayPal featuring heavily on their list of priorities. PayPal are undoubtedly the world’s leading e-wallet platform, with their organisation having built a reputation for its reliability and trustworthiness. However, with PayPal having stated that they will only work alongside bookmakers that operate under the same guidelines as they do, the number of sites offering PayPal as a payment method is still fairly limited when compared to the number of bookmakers around today.

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Back in 2003, PayPal made the decision to voluntarily withdraw from being a payment option for many gambling sites, only resuming their service in 2010 for a select few websites. Doing so only for organisations that operate in countries where gambling is legal, PayPal have now ensured that they are a respectable option for all customers. While other e-wallets are offered as options by bookmakers, PayPal is undoubtedly the standout for most customers looking to utilise this option. For those still unfamiliar with PayPal as an operator, let’s take a closer look at their history.

PayPal History

Having been founded back in 1998 as Confinity, PayPal have quickly become the most successful company of their type, despite having initially been established as a software company for mobile devices. However, having merged with online backing company,, in 2000, they quickly began to make major moves in their new marketplace. Now focusing upon money transfers, the newly renamed PayPal went public in 2002. In 2002, PayPal were acquired by eBay for over $1.5 billion, just a matter of months after going public. With over 200 million active users worldwide, PayPal returned to being an independent company in 2015, with offices in the USA, Singapore and Luxembourg, helping to cater for customers in over 200 different market. PayPal was issued with a banking License from Luxembourg back in 2007, helping to improve their reliability and trustworthiness. As well as this, there new license allowed them to conduct banking operations in the European Union. Elsewhere, PayPal is regulated as a bank by the banking supervisory authority of Luxembourg, the Commission de Surveillance du Secteur Financier. Meanwhile, having ended their deal with eBay in 2015, PayPal have only gone from strength to strength, with the company having acquired a range of companies along the way, adding to their levels of operation across a variety of markets.

Is Online Betting with PayPal Safe?

PayPal’s success is largely down to its simplicity of use, however the fact that it is a completely secure and safe platform is of the most importance. With PayPal ensuring that they are 100% trustworthy in this area, a whole host of new customers have been attracted to their e-wallet site. Users are now able to process transactions without any worries, whether it be depositing at an online bookmaker or any other marketplace. Using PayPal with your online betting platform ensures that you will never be required to share any of your banking details with them, with just your log in details required to process transactions thanks to PayPal. While you can be sure that PayPal is completely secure, it is also important to ensure that the website in which you are operation operates in a similar manner. This can be achieved by looking out for an HTPPS at the start of the address bar, which means that all data is encrypted. All bookmakers operate differently when it comes to this issue, with come encrypting all data on their platform, while others ensure that encryption begins when personal data is being both sent and received, including when making deposits or withdrawals. As with any such operation, you should ensure that your PayPal username and password are kept secure, as well as making sure that you are encrypted when entering such information. PayPal offer a help page surrounding this exact issue, including how to spot fraudulent attempts, as well as how to prevent them in the future. Elsewhere using PayPal, you can report any emails in which you believe to be phishing directly to the company.

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Costs Involved in Using PayPal

Despite PayPal not charging any form of fee when it comes to bookmakers, there are costings involved in sending and receiving money using your account. This is one area of the PayPal operation in which they perhaps score poorly, especially when compared to some major credit and debit cards. There are certainly methods that can be used in order to minimise the amount in which you are charged for processing such transactions, with fees depending on your location, currency of choice and the destination of your money. However, in the end, it is certainly worthwhile transferring your money using your PayPal account balance or a debit card that is linked to your account. With transactions taking just a matter of minutes normally, with payments free from additional costs, the whole process is easier than ever before.

Reasons Against Using PayPal When Betting Online

Undoubtedly, there are both advantages and disadvantages of using PayPal as a banking method when betting online. Despite this, PayPal can still be considered as a viable option for many, with their excellent level of buying and selling options. Due to PayPal obviously not being an actual bank, they are not subject to the same terms and conditions when it comes to compensation of customer protection. In terms of negative factors, some PayPal users have reported certain limitations when it comes to customer accounts, which often restrict the ability to either send or withdraw funds. This situation can often occur with frozen accounts, meaning that funds will temporarily be unavailable until investigations into such issues are completed. While this is part and part of using such a banking platform, designed to protect customers and their finances, accounts are sometimes locked with relatively little explanation, as well as for extended periods of time. Finally, those within the UK may be slightly dubious of the fact that PayPal operate under a license from Luxembourg, with no individual UK license. Despite these issues, such problems are a rare occurrence,

Conclusion: One of the Smartest Methods of Depositing with Online Bookmakers

Despite PayPal being just one of a number of options offered to punters when signing up at with an online bookmaker, their individual services and features mean that they are an excellent option for most customers. As a result, many bookmakers will score additional points in betting reviews, if they can list PayPal as one of their accepted banking methods. With none of the major bookmakers charging any form of fee for deposits made through PayPal, fans of the e-wallet platform are likely to be in luck, with more and more bookmakers looking to introduce this method to their platforms. The simplicity and speed of PayPal transactions mean that customers are free to concentrate on what they have actually signed up at an online bookmaker for, placing and winning bets! Banking with an online bookmaker should indeed be a simple process, with factors such as live streaming, customer service and bonuses holding much more significance. With most of the major and traditional bookmakers now having agreements in place with PayPal, your search for a long-term banking platform could well be over.