When you buy anything online, one of the most reliable and trusted payment methods tends to be PayPal – with 429 million users around the globe, and around 41 million transactions every day, those that use the service are in good company. With many of the leading bookmakers in the UK and overseas welcoming PayPal deposits and withdrawals, it won’t come as a surprise to learn that many football punters also utilise PayPal in their wagering activity.
But, why is PayPal so popular for football betting? What are the deposit and withdrawal limits and speeds? And, can you block betting sites using your PayPal account? These questions, and more, are answered in this guide to PayPal betting.
List of Bookmakers That Accept PayPal in 2023
Below you’ll find a list of PayPal betting sites along with their minimum and maximum deposit limits. We also list their current sign up offer, although note that many sites do not allow PayPal for the initial deposit if you’re claiming a welcome bonus. Where this is the case you’ll need to make your first deposit via a Debit Card, but after that you can use PayPal. Or if you’re not bothered about the welcome offer, you can use PayPal from the start.
Why Is PayPal Good for Betting?
There is a catalogue of reasons why PayPal is one of the very most popular payment methods for football betting. Although credit card gambling is banned in the UK, you can still use your debit card to fund your betting account.
But if you want to maximise your online security, you may feel that you do not want to share your card number and details with a bookmaker – this is where PayPal comes in handy, because you won’t have to share your sensitive payment information with a bookie directly.
One Click Service
PayPal also offers what is effectively a ‘one click’ service. When you choose PayPal as your deposit method, you will be redirected to your account to complete the transaction – if you are already logged into your account, it will take just a matter of moments to confirm the payment and see your betting bankroll topped up accordingly. You don’t have to type in your payment details every time you want to make a deposit or withdrawal, either.
Speed and security are two very good reasons to use PayPal in your betting, and another is that you will enjoy 24/7 customer support too. Occasionally, you may have a query about a transaction – more likely than not a withdrawal request. With PayPal, you’ll have a direct line of enquiry to a customer support agent, who can track a payment and, hopefully, provide a rough ETA on when you might receive your money.
As the largest online payments processor on the planet, you won’t be surprised to learn that PayPal have some of the strictest security protocol too. This helps to keep both your money and your payment details safe from prying eyes, with more advanced fraud detection and protection another load off your mind.
Finally, another advantage to using PayPal for your football betting is the speed with which deposits and withdrawals are carried out. Deposits are instant – as soon as you confirm the transaction, your funds will be added to your betting account pretty much instantly. As for withdrawals, you can expect your winnings to be with you inside a couple of working days… undoubtedly the fastest payment option out there. So, when you think about it, the reasons to use PayPal for your football betting are many – it’s perhaps the best option available to UK punters.
Can You Use PayPal to Claim Bookmaker Sign-Up Offers?
For the most part, you can use any of the payment methods that a bookmaker accepts when claiming a sign-up offer. However, there may be occasions that you are not allowed to use PayPal – specifically where a different payment method, such as a debit card from the likes of Visa or Mastercard, is mandatory.
Sometimes, a bookmaker will demand that a new customer uses a debit card to make their first deposit – and thus claim a welcome bonus that they have made available. This is rare, but some bookies simply prefer their new customers to be confirmed as having a UK banking presence via an approved debit card provider.
What Is the Minimum Deposit/Withdrawal with PayPal?
If there is any disadvantage to using PayPal to fund your football betting, it’s possibly that the minimum deposit that you can make is £10 – as we know, there are payment methods via which you can deposit as little as £5 to get started, so if you are on a tighter budget that is something to consider.
When the time comes to make a withdrawal, the minimum you can request is £10 – again, if you want a lower withdrawal limit, you should consult our guide on the £5 betting sites that are available to punters right now.
What Are the Typical Deposit/Withdrawal Speeds with PayPal?
Thanks to the wonders of modern technology, deposits made via PayPal are completed instantly – as soon as you confirm the transaction in your PayPal account (after being redirection from the betting site/app), the funds will appear in your football betting bankroll.
PayPal also happens to be one of the fastest payment methods when it comes to making a withdrawal. Most bookmakers and betting sites will process your request within 24 hours, and then there could be another 24 hours before the money reaches your PayPal wallet – all told, 48 hours isn’t bad at all when it comes to making a withdrawal from a betting site/app.
Can You Use a Linked Card When Betting with PayPal?
One of the great things about using PayPal in your football betting is that you don’t need a funded account in order to get started. Instead, you simply link a debit card to your PayPal account, with PayPal themselves then acting as the arbiter between your betting site and bank account.
This is the process that makes payments with PayPal so rapid, and saves you the hassle of having to add funds to your PayPal account to then transfer across to your chosen bookmaker.
What Is Quick Registration with PayPal?
When you sign up for a new customer account at a betting site/app, it can be a bit of a faff to have to enter your personal information and payment details in order to just get a bet on. One of the perks of PayPal is their handy quick registration link-up with many of the UK’s leading betting brands. That means that you don’t have to enter all of your personal info time after time – instead, the details you used to sign up for your PayPal account will automatically be used to set up your betting account too.
All you have to do is agree to the quick registration process – your name, address, date of birth etc will be used, as will the payment method that you use to fund your PayPal account with.
Can You Lock Gambling Payments in PayPal?
In 2022, PayPal took a big step in helping their users to place temporary or permanent blocks on gambling sites – meaning that they can’t deposit money into their betting accounts. The GamBan software can be used to control how and when you can deposit funds into your gambling accounts via PayPal – which, when allied to a block imposed at your bank as well as signing up for a service like GAMSTOP, means you can prevent yourself from using football betting sites. You can enact the block within your PayPal account dashboard or by contacting customer support.