PayPal are now widely regarded as one of the most recognised e-commerce payment solution companies in the world. They basically allow you to fund what is known as an e-wallet before then paying for goods and services from a huge number of resources from around the planet.
The company actually took a while before allowing gambling organisations to use their payment service for their online gambling sites. One of the reasons behind this was simply that gambling banking laws worked in a much stricter environment than that of your everyday online store and it would appear to cause PayPal more problems than solutions. Over the years, however, PayPal have grown to such a level that not offering this service to these types of companies was beginning to be a burden, especially with a lot of their e-wallet competitors now working closely within the gambling sector.
Betting Websites That Accept PayPal
|Site||Min Deposit||Min Withdrawal||Notes||Visit|
|£10||£5||PayPal quick reg|
|£10||£10||PayPal quick reg|
One of the main reasons as to why PayPal have become so popular is largely down to how efficient they have become in regards of payment processing. You can now instantly deposit money into your account and have it available to use as you please. On top of that, they now offer instant bank withdrawals from your PayPal account making it one of the fastest processes in the industry. Many who have been involved with the gambling industry for some time will know that it can often take a number of days or even weeks, for your money to hit your bank account, but the processing system used by PayPal means it can be completed within a matter of hours.
On top of that, the availability of the site is something that we also found to be particularly useful. We don’t just mean in terms of gambling sites providing these products, but also in terms of mobile interaction, online invoicing, payment protection, payment processing and information forms to allow you to not only view your payments, but also sort them.
The downsides are pretty few and far between, and for most, they wont even be a consideration. But, PayPal has always been pretty trigger happy when it comes to closing or freezing payment accounts. They take online fraud VERY seriously, so the first scent of foul play and the account will be locked. That being said, this isn’t always a bad thing and they do have this sort of structure in place for a reason, but it can become frustrating if you are looking to make speedy transactions!
How to deposit using PayPal
PayPal is actually one of the easiest ways in which you process a payment option. We’ve come up with a short step-by-step guide, but please note that whilst it will be relatively accurate for most, it might not be exactly how the process pans out, which will depend on the bookmaker or casino.
The first thing is making sure that the bookmaker accepts PayPal from their cashier. Once you have found it, simply click on the PayPal tab where you will be taken to enter your details for your betting account.
Once your account is set up and you have selected to deposit with PayPal, the PayPal website will load up (likely in a new tab) where you will be asked to enter your username and password for your PayPal account (note: this is not the same as logging into your betting account).
After logging in and confirming the amount you want to deposit, the PayPal tab will close and you will be re-directed back to your gambling outlet. Should you not be re-directed, then enter the betting sites address manually, log back in and check your finds are in your account.
What countries can use PayPal for online gambling?
PayPal currently open their doors to over 200 countries from around the world. That being said, the actual number of countries that accept PayPal for gambling purposes is much lower than that. The majority of countries that are accepted are from Europe and the biggest notable absence comes in the form the US. Their current laws make any sort of deposits, not just from PayPal, extremely difficult, if not illegal for most.
Below we have listed the countries that currently accept PayPal payments for gambling related purposes, but bear in mind that this list can and often does, change quite frequently.
- United Kingdom
The company was first formed in 1998 and it shot to fame when it was widely used on the online auction site, eBay. It’s this recognition that really set the brand up as the global powerhouse it is today. In fact, it became so popular on eBay that the company decided to buy out the brand PayPal and use them as subsidiary of eBay.
Whilst they still trade out of San Jose, California, they are very much a global brand these days and with a revenue of over $6billion in 2013, have cemented themselves as one of the biggest e-wallets in the world.