PayPal's banking system is the most popular alternative to credit and debit cards for online payments. The company has thrived on its association with e-commerce giant eBay, using the brand to provide banking services to more than 200 million consumers around the world.
The online adoration that PayPal services enjoy stems from the fact that users can make deposits without having to divulge any personal information. Here in the United Kingdom, punters can find plenty of betting sites that accept PayPal. In this section, we explain how PayPal works and the many benefits of using it to fund betting accounts at bookmakers here in the UK.
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What You Will Find on this Guide
- What is PayPal?
- Do Any Betting Sites Accept PayPal?
- How PayPal Works – Beginner’s Guide
- Advantages of Using PayPal Deposits
- The Shortfalls of Using PayPal
What is PayPal?
In 1998, an electronic platform was launched that exists as a separate entity. It is now the main vehicle for an unknown number of users trying to send money to a variety of online bookmakers scattered around the world. They use it, for the most part, because they want the money to get there quickly, and they trust the security systems that are in place when you use PayPal on the Internet. It's a well-known fact that if you use a platform to place bets and you use PayPal, those platforms that use PayPal really appreciate it.
Do Any Betting Sites Accept PayPal?
Online bookmakers in the United Kingdom offer a variety of payment methods for online gambling, many of which are internationally recognized. One of the most popular methods of depositing at UK online bookmakers is PayPal. Players enjoy the ease and convenience of using PayPal and appreciate that they don't have to reveal any personal information. When depositing using PayPal, all that is required is the email address associated with the account. From there, you can essentially consider your funds good to go and ready for betting.
How PayPal Works – Beginner’s Guide
Players must first create a PayPal account online before they can choose to play at a gambling site that uses PayPal. For most people, this is a simple enough thing to do. All it involves is providing some basic, identifying information that almost everyone has.
That is their name, date of birth, their email address along with a unique password and physical address.
They will then add funds to the account using their bank or credit/debit card details.
Having done so, you follow these steps to start betting at PayPal friendly betting sites in United Kingdom:
- Go to the cashier section of the bookmaker.
- Select the PayPal option from the various banking options available.
- Fill in the necessary information and enter the actual amount of money you want to deposit.
- Once the deposit is verified, you will receive an instant notification.
- Your account will be credited and you will be able to place bets online.
Advantages of Using PayPal Deposits
Our guide to different payment methods in the UK evaluates the benefits of placing bets at PayPal betting sites. These have been gathered from punter forums dedicated to reviewing a punter's experience at a particular betting site.
- PayPal is known for its fast deposit processing.
- It is easy to use online and even easier to use.
- Global access to betting sites is a given; you can find them almost anywhere. You can also find sites that accept PayPal, an electronic money service that is very popular in the United States, Europe and many other places around the world.
- Sportsbooks in the United Kingdom allow both deposits and withdrawals using PayPal.
- The safest betting sites that accept PayPal use the most stringent security measures to protect their users' personal information. The encryption that most of these sites use is top notch.
The Shortfalls of Using PayPal
Despite the many positive aspects of the PayPal banking service, some customers have complained about using the payment service. Here are some of them. See if you can overlook these complaints.
- PayPal charges fees ranging from 0.4% to 7.4% on transactions.
- PayPal withdrawals take a few days to process.
Here is a list of PayPal betting platforms that we recommend for punters from the United Kingdom. Sign up today and claim your PayPal bonus offer without delay.
Most Popular Alternative Payment Options Online