Today, PayPal has millions of active users and multiple offices worldwide. Consequently, several online betting sites accept PayPal as a payment option. This guide covers the benefits and drawbacks of using PayPal on betting sites in India. We will also explain how you can deposit and withdraw on betting sites that accept this payment method. In addition, we highlight some of its pros and cons. Additionally, you will find our list of the best PayPal betting sites that you can join.
- How to deposit and withdraw on PayPal betting sites?
- Safety and security of betting sites with PayPal in India
Which Betting Sites Accept PayPal?
When it comes to online payment solutions, PayPal is one of the most convenient and cost-effective. It is now accepted worldwide with many of the leading sportsbooks. This is one of the most added facilityamong sports betting payment methods. However, not all PayPal betting sites are having the same quality. Above we have listed the best ones in order for you to learn about the options.
We are constantly looking for new betting sites who accept PayPal. This payment method is not yet widespread among Indian bookmakers. However, you can play on the following popular betting sites tailored for Indian players. In addition, they all support local methods such as NetBanking or UPI:
- Weekly sports bonus
- Cash races
- Bitcoin bonuses
PayPal For Betting Sites
Also known as PayPal Holdings Inc., PayPal is a popular e-wallet for payment of products and services online. The company has been in the business since 2008. It was initially designed as an electronic payment alternative to cash, cheque, and bank transfer. When founded, the Company was known as ‘Confinity’ before being acquired by eBay who decided to alter the name. Today, it is a leading online wallet for sellers, merchants, and individuals looking to simplify their transactions online.
Thanks to its popularity, you can now find many PayPal betting sites that maximize the tools and security offered by the processor. To ensure the protection of its users, PayPal has created a “PayPal Buyer Protection Program” and other layers of security. For example, it uses a Two-Factor authentication. In addition, they have a “Mobile Transaction Authentication Number” if players prefer to enjoy PayPal betting through mobile.
How To Bet With PayPal on Betting Sites
Betting on sports using PayPal is fast and easy. If this is your first time betting, simply choose and click on a bookmaker from our list. Thereafter, just register an account. In addition, make sure to complete the registration process in your sports betting PayPal site. Please note that you should have an active PayPal account which you can link to your sportsbook account. However, if not, creating a PayPal account is easy. It only takes less than 2 minutes to complete.
Furthermore, this payment method is widely used among bettors. Mainly because it can store funds and move them swiftly without giving your bank information. Moreover, to start using it is simple. Here is a general idea of how to use PayPal on betting sites:
- Create a PayPal account by using an email address and providing other details.
- Transfer money from your bank account or debit card into this account.
- Add your PayPal account as a preferred payment on any sportsbook. This way, you do not have to give the sportsbooks your banking details.
How To Deposit on Betting Sites With PayPal
Completing your deposits at PayPal betting sites is fast and easy. Upon confirmation of the account, simply visit the site and log in using the user name and password. Navigate to the site’s Cashier or Banking section and choose ‘Deposit’. You will be prompted to select your preferred payment option. For this, just click or select ‘PayPal’. Secondly, the site will direct you to a secure page. Here, you need to set the deposit amount and approve the transaction.
In addition, most deposit transactions in sports betting with PayPal options are complete instantly. However, it can take up to 48 hours. Furthermore, if you select a bookmaker from our list, you can be sure of safe and secure transactions at all times.
Depositing with Paypal is a straightforward process. In brief, below is a step-by-step procedure.
- Head to the betting site you select on the list.
- Go to the cashier section.
- Choose PayPal as your payment method.
- After entering the amount you want to deposit into your sports betting account, you will be taken to PayPal’s website or app.
- Sign in to your PayPal account. Confirm the deposit, and your transaction will be complete immediately.
- After that, start placing your bets!
How To Withdraw on Betting Sites With PayPal
When it comes to withdrawing funds, you need to follow the same set of steps. To make a withdrawal request, just proceed to the site’s ‘Cashier’ section. Thereafter, select the payment PayPal as your payment facility. Decide on the amount, review, and approve the transaction. In many sports betting sites that accept PayPal, the waiting time can take from a few minutes to 48 hours.
Aside from that, PayPal betting sites demand a know-your-customer (KYC) procedure you have to complete. You must submit copies of your official identification documents, such as a driving licence or passport. This along with a copy of a recent utility bill with your name and address. But this is only required once. After the PayPal betting site has verified this information, you can carry out multiple withdrawals without any issues.
Similarly, the withdrawal process is also simple.
- Head to your betting site’s “Cashier” page.
- Choose PayPal as your payment option.
- Fill in your PayPal email address and your withdrawal amount.
- Click confirm.
- You will receive your winnings in your e-wallet account once the betting site processes your request.
Normally, sportsbooks take anywhere from 3 to 5 business days to transfer e-wallet funds. Although, some betting sites provide withdrawals in as little as 24 hours.
Are Bookmakers That Use PayPal Safe?
The leading bookmakers are safe, secure, and comply with the requirements of the law. We only review reputable operators with a valid license in the business to find you safe PayPal sports betting sites. For more details regarding security, you can easily contact the site’s Customer Support anytime. Also, for more information regarding sportsbooks go ahead and read one of our reviews.
You can be confident that the company keeps your financial information secure and private. Especially, this is important when you carry out any transactions. This is crucial since you are providing the payment processor with your personal and complete financial information. This includes bank account information.
There are a number of security measures the company has taken to ensure the protection of your data. First, every time you make a payment to or from your e-wallet, you will get a confirmation email. Another is the two-factor verification in place. This means you will receive a one-time-use PIN on your phone every time you log in or withdraw funds.
Data encryption is also one of the security measures the business has taken to guarantee the protection of user data and their transactions. The website ensures that Transport Layer Security (TLS) 1.2 or above is in use. In addition, the connection is Hypertext Transfer Protocol Secure (HTTPS). These technologies ensure there is secure communication and reduce the chances of cyberattacks. The platform also offers fraud detection and prevention technology that shields your account from fraudulent charges.
In addition, while using an Android or iOS smartphone to access the e-wallet, the company uses Key Pinning. This measure ensures that the user connects only to the genuine PayPal server. Hence, this prevents imposter interception.
Bettors needs be aware that there are two ways you pay fees when using this payment method. It is either through the betting site or PayPal itself. Although many online sportsbooks provide free withdrawals, there are others that charge transaction fees. Generally, the fee is typically up to 2% of the amount you transfer.
When you deposit or withdraw money on betting platforms, PayPal often levies no fees. So, how does the business make money? The answer is straightforward. It charges the PayPal betting site and not the customer.
However, customers still need to pay fees when using PayPal’s other services. For example, if you fund your betting account through a debit or credit card using PayPal, the provider will charge a fee of $4.95. On the other hand, transfer from your PayPal balance to your local bank account is free of charge. Generally, this process takes up to 24 hours.
Furthermore, if you need to transfer money quickly, you can use a debit card. This method is quicker. However, there is a fee of 1.75% on the amount you transfer. In addition, international transfers include a fee that ranges from $1.99 to over $4.99. In general, this depending on the recipient’s country. Finally, there is a fee for transferring funds in foreign currencies.
Pros & Cons of Using PayPal at Betting Sites
There are numerous benefits and drawbacks using this PayPal for betting. In this section, we cover the pros and cons of using this payment method.
Pros of PayPal at Betting Sites
Here are the benefits of playing on betting sites that accept PayPal.
- Speed: Depositing and withdrawing funds from your PayPal account to a betting account is a simple process. In fact, it is one of the fastest methods available. All in all, with instant deposits and withdrawals typically within 24 hours.
- Little or no Fees: Sportsbooks that offer this payment method may charge little or no fees for deposits or withdrawals when bettors use this payment method. In most cases, PayPal only charges the operator (betting site). Hence, this prevents fees from being passed on to customers.
- Simplicity: This payment method is very easy to use with a user-friendly and intuitive interface. Signing up for the platform is simple. Basically, all you need is your email address to get started.
- Security: Your personal financial information is never shared with the sportsbooks. Indeed, this preventing cases of fraud or stolen card information. Aside from that, when setting up your account, the payment processor asks users to complete know your customer (KYC). This helps to prevent money laundering, terrorism financing, and other financial crimes.
- Widely accepted: It is available in 20+ currencies and more than 200 countries. This making it the most widely accepted digital wallet in the world. Because it is widely accepted, many gamblers trust this payment method.
Cons of PayPal at Betting Site
However, there are some drawbacks using PayPal on betting sites. These include:
- Limited Bonuses: Before joining a betting site, check if they have bonuses when using PayPal. While some sportsbooks will have welcome bonuses if you make a deposit through PayPal, others exclude it from their welcome offer.
- Restrictions: In some cases, the payment provider may delay your withdrawal if they feel there is something suspicious involved. This may be frustrating for some users.
What To Look For in Betting Apps That Use PayPal?
Before you join any PayPal betting sites, there are four criteria you shall judge them through. Using these criteria will help ensure that you join the best betting sites that accept PayPal.
Any sportsbook you choose should have a customer service team that is convenient and accessible. Because gambling can be time-sensitive, having the opportunity to contact someone through live chat, phone, or email is essential. In any case, 24/7 support should be available through multiple channels. Moreover, any sportsbook that does not have 24/7 live chat services should be avoided.
One of PayPal’s main selling points is the speed it offers. So, once you have identified a betting site that accepts this payment method, ensure that it processes withdrawals fast. Ideally, the best PayPal betting sites will try to process your withdrawals through this payment method within 48 hours. If a sportsbook takes any longer than that, avoid them.
Check that the PayPal betting site you are playing at has a licence from a reputable body. Some reputable names are the United Kingdom Gambling Commission, Malta Online Gaming Authority, and Curaçao Gambling Authority. Hence, this will ensure that you play at a betting site that keeps your personal and banking information safe.
Ensure that the betting site you choose has the best security features on offer. Here, you want to look for betting sites that have SSL encryption and two-factor verification. If a site uses SSL encryption, you can be confident that your data is kept private. Because it encrypts all the data that is transmitted between you and the gambling site. While a two-factor verification helps confirm your identity with a code sent to a phone number or email address. It is best to avoid any betting site that does not offer any of these two security features.
PayPal Betting Sites FAQ
Which betting sites accept PayPal?
There are several PayPal betting sites available today. Generally, each has its promotions and betting campaigns. For a complete list of sports betting sites that accept PayPal, you can use our list to find the best suited for you.
How do I use PayPal on betting sites?
Using your PayPal account to top-up or withdraw funds is easy and convenient. However, you first need to register an account with PayPal. To create an account, simply visit the official PayPal website and click ‘Sign Up’. Then, follow the ‘Play Now’ links on our pages to sign up at our recommended bookmakers.
Why should I use PayPal on betting sites?
When it comes to payments, online sportsbooks offer a variety of payment options with specific features and characteristics. If you are looking for a fast and convenient way of topping your account, then PayPal is the way to go. In addition, PayPal is also fully secure and offers minimal fees for transfers.
What are the best betting sites for PayPal?
You can use our list to choose the best betting site for your PayPal requirements. We review and compare all PayPal betting sites to offer you the best sports betting destinations online.
All in all, we have tried to cover the different aspects of how you can use PayPal on betting sites. However, before you join any betting sites that accept this payment method, ensure to judge them based on the criteria we have provided above.
PayPal may not be as popular compared to other e-wallets. Although, it deserves our attention. Just like other e-wallets used in sports betting transactions, PayPal offers a fast, safe, and convenient way of topping your account and requesting payments. Deposits and payments are processed instantly in most PayPal betting sites. Moreover, you can count on secure transactions at all times. PayPal is PCI compliant, and if you choose from our list of recommended sites, you can enjoy extra customer protection thanks to modern encryption technologies. If you are comfortable using e-wallets for your transactions, we recommend that you give one of our PayPal sportsbooks a try.