PayPal (www.paypal.com) is the largest e-wallet payment system in the world. The company was founded in 1998 and is headquartered in San Jose, California, the United States. A PayPal account can be used to make purchases at tens of thousands of online retailers and many of the world’s largest online betting sites. With top notch security, lightning-fast transactions and minimal fees, PayPal is a solid option for anyone looking for a new way to play online.

One thing you should be aware of is that PayPal only works with betting sites that are licensed by major licensing jurisdictions. As a US-based company, PayPal is beholden to laws in the United States that strictly prohibit payment processing for unregulated offshore betting sites. Customers in the UK and Europe may use PayPal freely to gamble online, but customers from the US are limited to a select few state-authorized sites.

1. Just a few of all online sportsbooks accept Paypal payment method but this number is constantly growing. This payment method is available only to some countries in Europe, where online gambling law has clear rules. The following countries will accept Paypal transactions: UK, Austria, Germany, Belgium, Finland, Greece, Ireland, Italy, Spain.
2. PayPal is one of the world’s most popular online payment processors, allowing users to transfer money to each other, make purchases at millions of websites, and storing money. All of these features also make PayPal betting the perfect tool for online gambling, especially in the UK.
3. However, it’s widely used for online betting in the UK and throughout Europe. William Hill accepts PayPal payments. Withdrawing or depositing funds in betting accounts. To use PayPal to manage the funds in an online account with a bookmaker, you need to: open a personal account with PayPal, providing your details and accepting the user agreement.
4. PayPal Betting Sites USA. PayPal has been a popular choice for online betting sites for some time. This is because when you’re using this ewallet service, you’re guaranteed safety and speedy online transactions. Among other banking methods, US bettors also love using it for sports betting.

Best Paypal Betting Sites

Not only is PayPal great for getting your money onto an online betting site, but it’s also a great way for you to withdraw your winnings. Typically, if you use PayPal to deposit onto a site, they will then allow you to use it to withdraw your funds.

These sites are confirmed to accept PayPal for both deposits and withdrawals. If you live in any country from which the above betting sites accept new customers, you may also use PayPal to get started.

How Paypal Works

To put it simply, PayPal is an e-wallet that you can use to store funds online, make payments, receive money and transfer money to friends. Many people choose PayPal simply because it offers security. When you make a payment or transfer funds to a gambling account, the merchant never sees your banking details or credit card number.

Online Sports Betting With Paypal

People also flock to PayPal because it saves payment information in a secure location. Instead of pulling out your credit card and typing in your information every time you want to make a payment, all you do is choose an amount to deposit and then log in to your PayPal account to confirm the transaction. This comes in very handy for people who do a lot of shopping or betting online.

Additionally, PayPal is a handy withdrawal method from betting sites. You can cash out your winnings any time straight to your PayPal account. The money is moved quickly and then you have the option to transfer that money to your personal bank account or go shopping somewhere else. Cashouts to PayPal are usually completed within hours and rarely longer than a day or two.

Getting Started

First, visit PayPal.com to sign up for a free account. You’ll be asked for your name and address then asked to set a password for your account. The next step is to upload funds to your PayPal account. The easiest way to do this is to link your bank account to PayPal. You can do so by entering your banking information to PayPal and then waiting for two small deposits to be sent to your bank. Check your online banking statement and then confirm the amount of each deposit. This verifies you as the owner of the account.

Once your bank account is confirmed, you can upload funds any time free of charge. All you have to do is log in to your PayPal account and choose an amount to upload. From there, you can make a deposit to any betting site that accepts PayPal.

PayPal betting sites can also send payouts back to your account free of charge. This is a fast-working withdrawal method and accounts for another reason why PayPal is a handy service. Once your funds hit your PayPal account, you can transfer them directly to your bank free of charge. You may also have PayPal send you a check for a $1.50 fee.

Verify Your Account

It would be a good idea to verify ownership of your bank account or credit card as quickly as possible. Doing so is a simple matter of logging in to your PayPal account, clicking on “view limits” and then “lift limits.” Follow the instructions on the screen and then wait for PayPal to send the 2 small deposits that I mentioned earlier.

Confirming ownership of your bank account or credit card immediately lifts your withdrawal limits from $500 per month to unlimited. The verification process takes a couple days, but it requires nothing more from you than to check your statement after a few days to note the exact deposit amounts PayPal credited to your account.

Paypal Betting Fees

It’s possible to use PayPal for years without paying a single fee if you do it right. Deposits to betting sites are free and it is also free to fund your PayPal account with an instant bank transfer. However, you will be charged 2.9% if you upload funds to your PayPal account with a credit card.

Online Gambling With Paypal

Online betting sites do pay a fee to PayPal when you use it to deposit. Most sites cover this fee but some sites have been known to pass the fee on to customers. This fee maxes out at 3.9% so it’s not anything too terrible. Fortunately, most sites just cover the fee so this won’t even be a concern for most gamblers.

When you are looking to place a wager online then you may be pleased to learn that you can do so using PayPal, and below you will find the best online betting sites all of which allow both deposits and withdrawals to be processed from your betting account with them using PayPal, take a look at those sites listed below are they really are the best ones around.

1. Ladbrokes – There are not that many online betting sites which will let you instantly transfer money into your account using PayPal however one of the biggest names in both land based and online betting is Ladbrokes, and ever eager to cater for every single type of bettor they are only too happy to allow you to fund your betting account using PayPal.What sets Ladbrokes apart from most other online betting sites is that they offer instant payouts, which means that when you have requested a withdrawal from your betting account then when you are using a web wallet such a PayPal your funds will be sent back to you rapidly and with no hanging around.

   They are a fully licensed betting site and they are based in regards to their online betting operation in Gibraltar which is where they have been granted a full betting permit. You will find plenty of special bonus type best and as such we are more than happy to showcase them to you as they truly are one of the very best PayPal betting sites.

2. William Hill – You will find in regards to online betting sites which will allow you to fund your betting accounts using the very popular and very easy to use PayPal money transfer service that they are all huge betting companies who in addition to their online betting sites also own land based betting offices.One such company is the very long established and highly respected William Hill Group, who is one of the oldest bookmakers in the UK. They have moved their online betting operation onto the island of Gibraltar and it is there that they hold a full betting license which allows them to take wagers from all betting friendly countries.

   We are more than happy to showcase William Hill to you and when it comes to a fully interactive website then you really should check out what they offer, as they have their own online radio station which offers daily tips and commentary on most horse and dogs races.

3. Bet Fair – The best place to consider having a wager is BetFair as not only do they allow and accept PayPal as a way of funding your account with them, and they also let you withdraw back to this online web wallet.The best thing about placing a wager at BetFair is that you can choose to place a wager on any wagering event to win or you can bet on a team or practically anything to lose, and if that team loses then you win!

   This is due to BetFair being a betting exchange and that means that you will be able to become a bookmaker, choosing which wagers to lay or back and you will also be able to ask for your own selected odds on different sporting events, and this will certainly bring all of your online wagering to life and put you firmly in control of your own destiny!