Best PayPal Bookmakers 2021
Account Funding at Bookmakers Through PayPal
The popularity of online sports betting is growing every year. An important aspect of online betting development is that it is very convenient to make deposits and withdrawals. Bookmakers offer at least five ways of depositing funds.
The Popularity of PayPal
PayPal is a digital payment service that allows you to make online transactions, including quick and effective funding of your online account on online bookmakers that use PayPal. The payment system has been operating since 1998 under the name Confinity, and as PayPal since 2001. The service supports all the major currencies. More specifically, the list of currencies it supports is as follows: dollar (USA, Australia, Canada, Hong Kong, New Taiwan, New Zealand, Singapore), Brazilian real, Czech koruna, Danish krone, euro, Hungarian forint, Indian rupee, Israeli new shekel, Japanese yen, Malaysian ringgit, Mexican peso, Norwegian krone, Philippine peso, Polish złoty, UK pound sterling, Russian ruble, Swedish krona, Swiss franc, and Thai baht. The number of countries and regions in which clients can use the PayPal platform for making payments and depositing funds, including those at bookies online, is more than 200.
The popularity of PayPal, whose services are used by more than 200 million clients, emerges from several facts. It stores payment info, such as bank account or credit card numbers, so that customers do not have to type out the numbers every time they buy something. PayPal also hides this financial information from businesses, adding a layer of security to online shopping. Small businesses and large corporations alike can incorporate PayPal payments into their online checkout process.
How to Create an Account
Note that PayPal offers four different account types: Personal, Premier, Business, or Student. If you plan to buy and sell items on your own using PayPal, a personal account will suffice. If you plan to buy and, especially, sell items using PayPal as a business, then a Premier or Business account is the way to go. A Student account allows students to request money from their parents for school supplies and other items. You can have both a Personal account and a Premier or Business account. You can also change or upgrade your account at any time.
This is how you set up a Personal account:
- Sign up
- Select the option for a Personal account
- Type your first and last name, email address, and a password
- Type your mailing address and your mobile/home phone number
- Link your credit card (MasterCard, Discover, American Express, or Visa)
- Enter the information for the debit/credit card you wish to link with PayPal
- Confirm your email (PayPal has previously sent you a confirmation email that you must acknowledge)
Optionally you can link your bank account by selecting a bank and enter your online banking username and password. If your bank is not listed, you will have to enter your bank’s routing and account number.
As of March 2020, PayPal requires personal account holders to have a PayPal Cash account if they want to keep money on PayPal. So, to add money to your PayPal account, you first need to have the account we just mentioned or the PayPal Cash Plus account (no fees).
To add money from your computer:
- Click “Wallet”
- Click “Transfer Money”
- Click “Add Money” to your balance
- Select your bank and enter the amount you want to transfer and click Add
To add money from your PayPal app, tap “PayPal Balance” and then “Add Money”. It usually takes 3-5 business days for the transfer to process.
Deposits and Withdrawals at Bookmakers
The number of betting sites that accept 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.
In order to deposit funds with your betting site, you must first log in to your bookmaker account and access the “Deposit” page. Having done so, users must select PayPal as their preferred method of banking before entering the amount of cash in which they wish to deposit. Deposits can be completed by confirming and then authorizing the payment via the redirected page to which you will be transferred.
Those who have funds they want to access, have to go the “Withdraw” option with their bookmaker before choosing the amount which they wish to transfer. Having done so, select PayPal as your preferred method of withdrawal before confirming the transaction using the relevant tab. Withdrawals will generally take a matter of hours to appear in your PayPal account.
When it comes to using PayPal for online betting needs, there are a number of advantages for bettors to be aware of. The speed and ease of transactions at PayPal sports betting sites are the main benefits, 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 it has built a good reputation thanks to its security and trustworthiness. Elsewhere, fees surrounding transactions are minimal, meaning that bettors are able to take home a large proportion of their winnings. PayPal also sets high limits for bettors, which is perfect for those looking to stake high amounts on their favorite sports (football, UFC, CSGO, horse racing…), teams, and players at best bookies with PayPal.
The majority of deposits and withdrawals are processed free of charge by PayPal. However, this will depend on the method used by bettors to fund their account.
PayPal supports all major credit cards – MasterCard, Discover, American Express (less favorable), and Visa. Linking your credit card to your PayPal account allows you to pay and send PayPal balance to your credit card.
PayPal has various ways for this depending on the country you reside in. For some countries, you may add a local bank and have money withdraw to your bank account, while for some, you can only withdraw to a US bank account or request for check payments.
It is easy to top-up your PayPal account or to add more funds to increase your spending limit. Topping up your PayPal account is free but charges may apply by your local bank.