PayPal is the largest online payments system. It was established in 1998, which also makes it one of the oldest internet payments systems. PayPal’s predecessors were Confinity and X.com. PayPal has numerous subsidiaries and its revenue exceeds $10 billion per year. PayPal is currently available in about 200 countries and it supports more than 25 different currencies. There are over 185 million PayPal accounts.
Due to its popularity and widespread use, online betting operators soon realised that PayPal is a viable payment method that would be favoured by many punters which is why many online bookmakers added PayPal to the list of accepted payment options.
What Makes a Good PayPal Betting Site?
The number of PayPal accepting betting sites is pretty big and therefore it will take you a lot of time to go through each one of them in order to decide which one is the best, or at least which ones are good. Fortunately, we did the hard work and we have carefully selected the best UK PayPal betting site.
It is not sufficient merely to accept PayPal as a payment option in order to be considered a good PayPal betting site, it is also important to offer punters stable, fast and secure transactions with as little hassle as possible. A good site won’t charge you any additional fees for using PayPal and it might even let you claim some of the offered bonuses and promotions.
Review of the Best PayPal Betting Sites
Ladbrokes was founded more than a century ago (in 1902) and it currently is one of the greatest betting operators in the UK. The company’s revenue exceed £1.5 billion in 2016. Ladbrokes offers betting on a range of sports and non-sports categories, as well as in-play betting and even live streaming of events.
UK punters, as well as punters from Ireland and few other countries can use their PayPal account to fund their Ladbrokes betting account. If you want to make a deposit via PayPal, then you would have to deposit at least £10, as that is the deposit minimum. Your deposit will be processed instantly and Ladbrokes won’t charge you any fees for that.
PayPal is also an accepted withdrawal method at Ladbrokes. The minimum withdrawal amount is again £10 and your PayPal withdrawal will be processed in up to 48 hours. If you’re new to PayPal, on Ladbrokes’ help page you will find detailed instructions on this popular payment system and how to use it. Ladbrokes offers up to £50 in free bets to all new punters and those who make their first deposit via PayPal are eligible to receive the bonus, as well as the other bonuses and promotions offered by Ladbrokes.
If you wish to deposit via PayPal at Coral, you just need to open the deposit link and then choose PayPal which is one of the offered payment options at this renowned betting site. PayPal deposits are processed instantly at Coral and you can deposit anywhere between £10 and £5,000. There are automatically offered amounts which reflect the amounts that are most commonly deposited, but you can also choose your own amount. Coral doesn’t charge any fees on PayPal deposits.
PayPal is one of the accepted withdrawal methods at Coral and if you choose PayPal as you preferred withdrawal option you can withdraw as little as £5. Your withdrawal will be processed within 24 hours, which is a lot faster compared to credit card withdrawals. There is no withdrawal charge either. If you bet at least £5 after you register at Coral, you can claim up to £20 in free bets and that offer is available to punters who made their first deposit via PayPal.
32Red is another UK betting site that accepts PayPal as a payment method. GBP is one of the supported PayPal currencies, alongside USD, EUR and SEC. 32Red doesn’t charge any deposit fees on PayPal deposits and your payment will be processed immediately after you choose the amount you wish to deposit. Speaking of the amount the minimum PayPal deposit at 32Red is £10.
It is also possible to withdraw your winnings via PayPal. 32Red doesn’t charge any withdrawal fees on PayPal withdrawals and the minimum amount is also £10. PayPal withdrawals are processed instantly whenever that is possible. At the moment, PayPal is only accepted for punters from certain European countries, fortunately both the UK and Ireland are among them.
William Hill is one of the leaders in the betting industry, and the company has a very solid reputation and financial standing, William Hill is one of the constituents of the FTSE 250 Index. PayPal is one of the many accepted e-Wallets. If you choose to deposit via PayPal you will be able to deposit as little as £10 and as much as £5,500. PayPal deposits are processed instantly and William Hill won’t charge you anything if you fund your account via PayPal. This payment method is available to punters from the UK, Ireland, Austria, Sweden and Finland.
PayPal is also an accepted withdrawal method at William Hill. When it comes to limits, you can withdraw as little as £5, whereas the maximum withdrawal amount is same as the deposit limit – £5,500. There is no withdrawal fee and PayPal withdrawals are processed within 24 hours. William Hill provides a detailed set of instructions on how to use PayPal at the website. New punters who place their first bet of at least £10 can claim up to three free bets in the same amount, up to a maximum of £30 in total and those who deposited via PayPal are also entitled to this bonus.