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While other e-wallets are offered as options by bookmakers, PayPal is undoubtedly the standout for most customers looking to utilise this option.
Online bookmakers are required to provide a number of different methods of banking in order to meet the demands of their customers today, with depositing and withdrawing cash using PayPal having become one of the most popular options available to punters.
So, which betting sites cater for those registering with PayPal? This review will outline what PayPal is, as well as the advantages of using the platform and how it can be used effectively.
For those who are not already familiar with what PayPal is, the following points are among the most important to know and understand.
Having been founded back in 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, X. Now focusing upon money transfers, the newly renamed PayPal went public in With over million active users worldwide, PayPal returned to being an independent company in , with offices in the USA, Singapore and Luxembourg, helping to cater for customers in over different market.
PayPal was issued with a banking License from Luxembourg back in , 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 , 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.
PayPal provides bettors with an efficient and easy method of both sending and requesting funds online, perfect for those who are registered with a betting site accepting this option of banking.
All that is required to send and receive money is an email address, with PayPal users having to link their credit card or bank account upon registering also.
Punters are required to input all of their personal data upon signing up too, with PayPal depositing a small amount of money into personal accounts in order to indicate that it has been verified.
Bettors will be able to either deposit funds from their bank account onto PayPal or deposit onto your betting account directly through PayPal.
Thanks to PayPal, betting customers can deposit and withdraw funds at any time and as quickly as possible. The number of betting sites offering PayPal as a valid method of banking has increased significantly over the years, due to the efficiency and ease of using it for both deposits and withdrawals.
This perhaps comes as little surprise given the fact that PayPal is now a name that is synonymous with the world of money transfers, with some bookmakers even offering generous welcome bonuses for those who make opening deposits via this method, along with others.
Those registered with PayPal are able to deposit funds in just a matter of minutes on to their betting account, while the withdrawal of winnings is also a quick and stress free process.
With PayPal having been granted a banking license from Luxembourg in , those in the UK are able to take advantage of their money transfer platform thanks to laws set by the European Union.
After being awarded a license as an electronic money issuer with the Financial Services Authority a year earlier in the UK, all European accounts registered with PayPal have since been transferred to their Luxembourg-based bank.
When it comes to using PayPal for your online betting needs, there are a number of advantages for punters to be aware of.
The speed and ease of transactions are the main positives, with all deposits being processed almost instantly, while withdrawals are generally completed within just 24 hours, however this is often even quicker.
The simplicity of using PayPal is also a major selling point, with transactions being able to be processed in just a few clicks, whether on desktop or mobile.
PayPal is also very reliable, while they have built a good reputation thanks to their security and trustworthiness. Elsewhere, fees surrounding transactions are minimal, meaning that punters are able to take home a large proportion of their winnings.
PayPal also sets high limits for punters, perfect for those looking to stake high amounts on their favourite sports teams and players.
Sky Bet are also an online sports betting bookmaker that accepts PayPal as a form of payment. They charge no additional fees and accept both withdrawals and deposits from PayPal accounts.
Ladbrokes is a strong leading brand, especially within the UK. They have recently drawn up a sponsorship deal with ArsenalFanTV. This has positively increased their social media presence.
Ladbrokes like big names in the business, offer PayPal as a form of payment for their punters. They accept both withdrawals and deposits from PayPal issued accounts and the transfer is instant.
When it comes to PayPal, it combines the greatest convenience and security when it comes to depositing your money online.
These 6 online betting sites that accept PayPal have assured that the time you spend betting is, as hassle free as possible. BeGambleAware GameCare.
Payment methods accepted are: Bank deposit, Visa, ATM, GTBank. Payment methods accepted are: Rapid Transfer, Bitcoin,Neteller,Skrill, Visa, Mastercard and MoneyGram.
Payment methods accepted are: Maestro, MasterCard, Neteller, PaySafe Card, Visa, POLi, Trustly, Skrill. Payment methods accepted are: MasterCard, Visa, American Express, Skrill, Neteller and Eco, prepaid services such as UKash and PaySafeCard, EU Standard bank transfers and Sofort Banking.
We use a self-learning algorithm which predicts outcomes of football games with high accuracy. It crunches tons of numbers in order to allow our users to maximise their ROI when betting.
The difference is this time around, the sites PayPal did business within the sector were fully legal and licensed in the jurisdictions where PayPal processed payments.
This generally meant that the United Kingdom was the only country where PayPal was available as a deposit and withdrawal option.
Maybe not coincidentally, Betfair never accepted US players for any of its offerings, even before the Unlawful Internet Gambling Enforcement Act went into effect in Before that time, virtually every online gambling site accepted US players.
Betfair is known as a betting exchange. It differs from a typical betting shop as it allows players to set buy and sell prices similar to a commodities or stock market.
Betfair takes a percentage of the win. This gave PayPal a unique entry into a complicated industry. It was not long before other UK sportsbooks got approved by PayPal to use it for payment processing.
Other online gaming companies that accept PayPal include , bwin, PartyPoker and Paddy Power. PayPal continued to only permit its use for online gaming purposes in countries where the activity is specifically legal and licensed.
Bet, Ladbrokes and William Hill are among the strongest online gaming brands in the world. Each specializes in sports betting with online poker rooms and casinos falling secondary to the main business.
All three started out as live betting shops throughout the UK. Bet sold its bricks-and-mortar betting shops in Ladbrokes and William Hill continue to operate them, lending even more credibility to the online business.
PayPal continued to operate its eBay and person-to-person business in the US. This included payment processing for traditional online businesses.
It also permitted some uses within the skill gaming sector. This includes Worldwinner, a skill-based site owned by GSN. Duplicate cards deal all players the same cards and score based on the difference in points between the participants.
The next big move in the US for PayPal was daily fantasy sports. The contests are believed to fall under skill game laws in as many as 45 states, although there is some debate about the exact number where it is legal.
Sports betting sites that accept PayPal deposits allow you to start betting within minutes of signing up. Go to their Deposit section and select PayPal.
The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country.
Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team.
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Signup Bonus. Visit operator for details. What is PayPal?6 Online Betting Sites That Accept PayPal BetFair. Betfair is easily one of the leading online sports betting companies. They are constantly reinventing LeoVegas. LeoVegas is the new kid on the block compared to other betting companies. Although they are a well established Bet Bet in. PayPal Betting Sites in the UK 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. Sports Betting Sites That Accept PayPal The table below shows which legal sportsbooks currently accept PayPal as a payment option. The list below covers New Jersey, Illinois, Colorado, Pennsylvania, Indiana, West Viginia and more. Make sure to check back regularly as more PayPal sportsbooks are added to the list. Top UK Betting Sites accepting PayPal. 98/ Read Review. show more. 95 Payout Ratio. £ in Bet Credits. Visit bet T&C Apply Up to £ in PayPal at a glance. What is PayPal? PayPal History. How Does PayPal Work?. Other online gaming companies that accept PayPal include , bwin, PartyPoker and Paddy Power. PayPal continued to only permit its use for online gaming purposes in countries where the activity is specifically legal and licensed. Bet, Ladbrokes and William Hill are among the strongest online gaming brands in the world.