Bet With Paypal Money
Posted By admin On 13/04/22In terms of both convenience and security when it comes to online gambling there aren’t any better choices than PayPal. It allows you to quickly and easily fund and withdraw from your account and in the process you’re protected by the many security features PayPal has to offer.
Best PayPal Betting Sites: Top 9
- The main advantage of using an “e-wallet” method like PayPal to move money in or out of your betting accounts is that you don’t have to give any online bookmakers your financial details. Instead PayPal acts like an intermediary, processing payments and withdrawals on your behalf.
- PayPal is an e-commerce company that handles payments and money transfers via the internet. It currently operates in 203 markets and has over 148 million registered account holders. Why use PayPal for betting transactions?
- With a top e-wallet like PayPal, online poker for real money just became simpler and safer. Simply register a digital wallet on the web, then use it to load funds from multiple sources. Most poker sites that accept PayPal in 2021 have great traffic and games too, so you know that you can open an e-Wallet and play at the best places in the world.
I found this website that pays $7.35 every 60 seconds. I also found a trick that you can use to earn this over and over and free paypal money!
The following is a list of the best sites for betting with PayPal:
*Info accurate as of 10-03-2021 for the UK market.
PayPal Betting Sites Compared: Limits & Fees
| Bookmaker | Min | Deposit | Withdraw | Fees |
|---|---|---|---|---|
| Betvictor | £10 | Instant | 1-3 days | 0% |
| Coral | £5 | Instant | 24 hours | 0% |
| William Hill | £5 | Instant | 24 hours | 0% |
| Paddy Power | £10 | Instant | 1-4 hours | 0% |
| 888Sport | £20 | Instant | 2-5 days | 0% |
| Betfred | £10 | Instant | 24 hours | 0% |
| Ladbrokes | £10 | Instant | 6 hours | 0% |
| Unibet | £10 | Instant | 24 hours | 0% |
| Betfair | £5 | Instant | 24 hours | 2% |
| Boylesports | £10 | Instant | 1-5 days | 0% |
| Betdaq | £10 | Instant | 1-5 days | 2% |
How to Use PayPal: Deposits & Withdrawals
As one of the largest online payment processors, PayPal is widely accepted by online bookies, and many sites even offer a free bet bonus for punters who make their initial deposit via PayPal. Moreover, as PayPal is a fully electronic payment storage option, making a deposit to a bookmaker which accepts PayPal is extremely easy – as is making a withdrawal.
How To Deposit:
- To get started with making a deposit via PayPal, you’ll have to first set up and fund your PayPal account.
- Head to PayPal.com to open an account now.
- For greater convenience, you can verify the account with PayPal which lifts your £/$500 monthly limit (find instructions when logged in on the PayPal site.
- Now add money to your PayPal account by simply clicking the ‘Add Money’ button (when logged in). It will process the same way as any online payment.
- Next log into your chosen PayPal friendly bookmaker, select deposit and easily move funds from PayPal to your betting account.
- If you bet with PayPal all deposits process instantly.
How To Withdraw
- Log in to your betting account and hit the withdraw link.
- Select PayPal as your chosen method and enter the amount you wish to cash out.
- Confirm the transaction – most bookies process PayPal withdrawals instantly (one of the biggest perks of this option).
Security & Anonimity: Stay Safe With PayPal
If you’re using PayPal to process online financial transactions, then you are already in a pretty good place in terms of security. Here’s how PayPal keep you safe:
Protecting Card Information
It is always a good idea, especially for the more security-minded among us, to use a third-party payment processor for any online payment. This saves you from sharing your credit card or bank account details with a wide variety of sources, and instead means that you’re only providing the critical information to one party (in this case PayPal and not the betting site).
SSL
Bet With Paypal Money Card
PayPal does recognise how critical the safety of your information truly is, and have taken all industry-standard measure to make sure that your information is locked up securely (behind their Secure Sockets Layer), and that you don’t maintain any liability should the information be compromised. If you check your address bar you’ll see we employ the same security function here on Cheeky Punter.
Transaction Monitoring
PayPal takes their security extremely seriously, and tends to err on the side of caution when dealing with potentially fraudulent activity. Particularly if you travel internationally, or deal with a lot of cross-border transactions, you might be see your account flagged, locked, or frozen with some regularity. This is usually sorted out with a quick call to customer service. It’s better to be safe than sorry.
Anonymity
Finally one of the best things about using any of the Paypal betting sites listed in our table above is the anonymity they provide you. If you deposit with Paypal then your bank statement only shows money in and out of Paypal, not a gambling operator. This is more important than you think as whenever you apply for credit, even if you’re only spending £20 a week, it’ll still flag up on many banks reports.
Phishing Emails
Paypal have a policy of never asking for account information or passwords via email so you know as soon as something lands in your inbox trying to get your details it’s a scam. If you want to report phishing just forward any email to spoof@paypal.com. They’ll let you know straight away if it’s fraudulent or not. Be on high alert for emails from PayPal as impersonating the company is right at the top of the list for many scammers.
About PayPal
PayPal is a worldwide e-commerce institution, which allows you to make online money transfers quickly and securely between your PayPal account and the accounts of thousands of merchants and banks worldwide.
The company operates by storing money drawn from your checking account, and then allowing you to send the money via online transfer to the merchant of your choosing. Payments are processed quickly, and PayPal saves you the risk of providing your financial details directly to the merchant.
How Does PayPal Work?
PayPal For Online Betting
For any readers in North America, please note that PayPal will not process payments to any gambling sites for North American customers. The only way to deposit in a account from a North American PayPal account is by first transferring your money to a third-party, such as another e-wallet.
However, for users in the UK and Europe, PayPal offer a fast, safe, and convenient way to deposit and bet online as well as a quick and easy way to withdraw your winnings.
Company History
PayPal dates to the late 1990’s and early 2000’s. Although not originally an online payment system, it slowly merged into that as the need and desire for such as system become increasingly evident.
In particular, the popularity of online auction site Ebay.com propelled PayPal into the national spotlight. Although Ebay had its own payment system, the PayPal system was more flexible, as it allowed users to move their money around more freely. As such, PayPal become the online payment option of choice for a variety of websites, Ebay included.
In 2002 it was purchased by Ebay and has been used as the official payment option for all auctions on that site. However, it has also continued to operate as an independent business, and offers customers a convenient and secure method of processing payments online to a wide variety of merchants worldwide. As such, it is an ideal option for making deposits to, and withdrawals from, online bookmakers and since PayPal started to appear the method has grown quickly in popularity to the point where some punters will only use PayPal friendly sites.
FAQ
There are two places where you could potential incur fees making a deposit using PayPal; either from the betting site, or from PayPal itself.
Fortunately, the former have eliminated processing fees so no betting site will charge you anything for using PayPal.
On the other end, PayPal does charge a wide variety of fees for performing different types of transactions. The fees you incur depend on the type of transaction, the type of account you hold with them, the type of payment option utilised, among other factors.
Deposits are always processed instantly and withdrawals are often instant as well – some withdrawals can take up to 24 hours to process but it’s rare that they don’t go through straight away.
Some bookmakers will and some bookmakers won’t give you a deposit bonus if you make your first deposit using PayPal. There’s nothing stopping you using an alternative method for the first ever deposit and using PayPal for everything thereafter.
The only other two deposit options similar to PayPal are Neteller and Skrill. Both offer a similar e-wallet style service to PayPal but be careful as fee’s can be slightly higher.
We consider PayPal to be one of the safest deposit options available to online punters. They employ all the expected security protocols for online transactions and provide an account monitoring service to ensure you haven’t been hacked or scammed.
Can I Deposit Money at bet365 via PayPal?
PayPal is a trusted e-wallet and many punterslike me have grown accustomed to using it to transfer funds to their online betting accounts. It is extremely secure, keeping your personal details confidential. This makes punters confident even if they are using their bet365 bonus code for the first time.
So far, bet365 have accepted all my deposits made via PayPal and my account status was updated quickly with the funds, so I was able to instantly place bets. It is also good to be known that PayPal can be accessed from any mobile device when using the bet365 app. UK bettors like me, love the convenience of both using PayPal to fund their account and place bets using their smartphone.
How Long Did a Withdrawal with PayPal at bet365 Have Taken Me?
As I have read, PayPal takes extra steps initially to prove that a transfer is coming from an approved source so I didn’t have to wait on Bet365 to check any details before releasing funds to my PayPal account. When I request an electronic transfer to Bet365, the funds often appear in my account in a few hours.
When money were sent to my PayPal account from Bet365, I could see relevant information such as my account details. So, I would sure recommend this method of withdrawing winnings from your account because of the fast withdrawal time and security associated with it.
Comparison of the withdrawal times of PayPal and other payment methods at Bet365
With all of the withdrawal and payment methods available at bet365, it was easy for me to choose the one that best suits my needs. For most punters, jsut like myself, the most important factor when they make their choice is time. While a cheque may be convenient in some cases, it is easily among the slowest methods of getting funds into or out of your account.
Bank transfers, can be fairly quick. However, there are sometimes higher fees attached to those transfers than you would pay by using PayPal to withdraw money from your account. Trust me, I have accounts at some other bookies, where I tried using bank trasnfers and they made my winnings smaller.
Does Bet365 Accept Paypal
Things I Needed In Order to Deposit or Withdraw with Paypal
To deposit or withdraw funds with PayPal, no matter the bookie , your name on both accounts must match. The process is virtually hassle free. You simply need to supply your:
- Name and ID
- PayPal account number
- Bookie’s account number on the PayPal side
Conclusion
Bet With Paypal Money Instantly
I prefer using PayPal for deposits and withdrawals at Bet365 because it is generally regarded as the most secure e-wallet today. All deposits and withdrawals I made are free and I don’t have any restrictions on the number of transactions that I can do in any given month. If you want a fast, secure method of getting funds into or out of your Bet365 account, this one is highly recommended.