PayPal Betting Sites

PayPal, it is fair to say, is now one of the most popular payment methods for sports betting fans to deposit and withdraw money from online sports betting sites. It is also a payment method that is now accepted at thousands of online shops, so it is easy to see why it has become so popular. It is one of the best payment methods for Irish punters, and in the following review you will find out all that you need to know about this great payment method as well as the best PayPal betting sites for Irish gamblers.

What Are the Betting Sites That Accept PayPal?

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What is PayPal?

PayPal came into being back in 1998, but to start with they were actually a company that created top-level security for portable devices. The following year, they moved away from dealing with security, and decided to enter the money transfer market. In 2000, they partnered up with X.com, an online banking business that was owned by Elon Musk. In 2001, they became known as PayPal, and in 2002 they opened for business to public.

At the time of writing, it was estimated that there are about 325 million people across the world that own a PayPal account. They are constantly making use of all of the latest technology to make their e-Wallet even better and to ensure that all of their users get the great user experience that they deserve.

Why Use a PayPal Betting Site?

Everything that you will come across in this life comes with its own advantages and disadvantages, and PayPal cannot claim to be an exception to this. Below we are going to have a look at the advantages and disadvantages of PayPal betting sites, so that you can get an idea as to whether PayPal is the best banking method for you.

Advantages

Below are the main advantages of using PayPal as your banking method at a sportsbook:

Very easy to use: Whether you would like to deposit some funds in your account to bet on sports or withdraw some of the winnings that you have been fortunate to win, you will want a payment method that is easy to get to grips with. PayPal certainly fits into such a category as you will be able to figure out how to use it in minutes. Within days, you will know everything you need to know.

No fees: When you deposit cash into a sportsbook account or withdraw some winnings, the sportsbook in question will not usually charge you. Therefore, if you go and deposit €50, you will get the full €50 in your account. There are some bookies that will have a small fee for depositing or withdrawing money with PayPal, but these are not common. There are fees from PayPal's side, and we will talk about these a bit later.

Majority of bookies accept it: PayPal is a payment method that is accepted at the majority of sportsbooks and casinos that you will encounter. This is fantastic as it means that if you open an account with a number of different sportsbooks, you can deposit and withdraw money from different accounts without having to set up accounts with different payment methods. This is highly convenient, and we all love convenience.

Disadvantages

Below are the disadvantages of opting to use PayPal as your payment method at online betting sites:

Not eligible for Welcome Bonus: If you read the T&Cs attached to different Welcome Bonuses then you will come to realise that those who deposit using PayPal are not eligible to claim the bonus. This is because fraudsters used to open multiple accounts to get the bonus more than once, and a common payment method they used was PayPal. Therefore, bookmakers often prohibit PayPal users from claiming their Welcome Bonus to protect themselves against fraud. However, there are some bookies that make an exception such as Unibet, Paddy Power, and Coral.

There is no live chat: If you have a problem that you would like to get resolved, then you can contact PayPal using their phone or email service. Unfortunately, at the time of writing, there was no live chat option available which is a shame as this is the quickest way to solve any issues. We are hoping that they will decide to add a live chat option in the future.

Are Betting Sites That Make Use of PayPal Secure?

If PayPal is the best banking option for you, then you can be certain that your banking details and personal information are completely safe. How is it a certainty? Well, to start with, you do not have to give any of your banking details to the sportsbook that you have an account with as the transactions are done using PayPal. Therefore, you only need to trust PayPal and you certainly can do this as they use some of the best encryption technology around to ensure the safety of their customers' vital information. If, and the chances of this happening are very low, a criminal gets their hands on your money, and cash that you lose will be totally reimbursed by PayPal.

Fees and Commission for Using PayPal

When you are trying to make up your mind as to which payment option is the best, you should always take a few minutes to look at the different fees that apply. With PayPal you will find that there are exchange fees and transfer fees that apply. We are going to take a closer look at these now.

Transfer fees: If you have some money in your PayPal account and you would like to withdraw some of it to your bank account, then there will be a minimum fee of €2.

Conversion fees: If you decide to send money to somebody and that money has to be changed into another currency, then there is a fee that you will need to pay. This fee, at the time of writing, stands between 3.75-4%. The fee that you will be charged will depend on the currency that your sent money has to be converted to.

N.B. We believe that it is vital to add here that there will be no fees when you get sent money from a friend or family member. The only time that there will be a fee is if currency conversion has to take place.

What You Need to Know about the PayPal Payment Method

Below are three questions that people regularly ask about PayPal.

What Are the PayPal Betting Sites?

You will find it really difficult to come across a sportsbook that does not accept PayPal, but the majority will not allow you to claim the Welcome Bonus if you use it as your deposit method for your first deposit. However, there are some great bookies that accept Irish punters and have no problem will allowing PayPal users to claim their Welcome Bonus, and these are Unibet, Coral, and Paddy Power.

What is the Advantage of Betting with PayPal?

The main advantage is that nearly every bookie out there accepts it as a payment method. Furthermore, it is very easy to use and you can open a new PayPal account in a matter of minutes.

Can I Withdraw with PayPal?

You can definitely use PayPal to withdraw money from your sports betting account so long as the bookie you are using has listed PayPal as one of their methods of payment.

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