PayPal, it is fair to say, is now one of the most popular online payment methods in the world, and those who like to bet on sports really enjoy using it to make deposits and withdrawals at sportsbooks. It is, without doubt, one of the best payment options around, and below we are going to take a closer look at this payment option and the best PayPal sports betting sites.
PayPal History
PayPal came into existence back in 1998, but it originally started off as a company that dealt with creating quality security methods for portable machines. Then, the following year, they decided that it was better for them to change markets and focus on money transfers, and this is one decision that they have not regretted.
In 2000, they partnered with X.Com, which was Elon Musk’s banking business. The year after, they decided to change their name to PayPal, and in 2002 they finally opened their doors to the public. At this moment in time, PayPal has close to 330 million people, and this number is increasing all the time.
Best PayPal Betting Sites
Due to how popular it is, there are many sports betting sites out there that has PayPal as one of their main banking options, but they have not all been created equally. Therefore, below we are going to take a look at some of the best bookmakers around that accept PayPal.
When it comes to Irish sports betting fans, PayPal is one of the most popular methods that they like to use to make deposits and withdrawals. If you are an Irish sports bettor and you want to find out some other great PayPal betting sites that you can sign up with alongside the ones that we are going to mention below, then we suggest you pay a visit to www.betinireland.ie/banking/paypal. Here you will be able to find in-depth reviews about some of the best Irish betting sites.Â
Bet365
Whenever you see a list of best bookmakers, there is a very good chance that you will see Bet365 on it. Not only do they have a really good Welcome Bonus that new players can claim when they register, but they also allow players to claim the bonus when making a deposit using PayPal, which is something that not many online sportsbooks allow.
In addition to this, they have loads of great features available such as live streaming for a variety of sports, in-play betting, statistical databases, bet builders, cash out, and mobile gambling. They really do have all of their bases covered and you will not find anything to moan about.
BetVictor
BetVictor is another name that you will constantly find on a list of top bookmakers, and one of the main reasons for this is the fact that they offer their punters some of the best odds around. In addition to these top odds, you will find a variety of markets for all of the top sports in the world – no matter what sport you like to bet on, you will be able to do so at BetVictor.
They do have one weakness though, and this is their lack of live streaming. They do have live streams available for horse racing and greyhound racing, but they have no live streams for the other sports that are on offer. While it would be better if they had live streams for some other sports, we feel that the high odds that they offer is good compensation for the lack of live streaming.
They also have some of the best promotions around, which they are constantly updating to keep things nice and fresh. So, whenever you sign on, be sure to check out their latest offerings.
Coral
Coral are one of the oldest sportsbooks around, and while it took them a number of years to make the move to the online gambling scene, they have gone on to become one of the best online sports betting sites. If you take a look at a list of the best bookies around and you do not see Coral written on it, then we would urge you to question the legitimacy of the list.
They have made sure that their site is streamlined so that their customers can easily find the sports that they want to bet on and place their wagers as quickly as possible. They have all of their current promos in a dedicated section, so you can just visit that page to see what you can take advantage of as an existing customer. You will find all the other features that you would expect to find at a top sports betting site such as in-play betting, live streaming, and cash outs.
However, while you can use PayPal to deposit and withdraw money from the site, it is important to note here that you cannot claim the Welcome Bonus that is on offer if you make your first deposit using PayPal.
William Hill
If you have spent any amount of time in the gambling world, then we are pretty sure that you have heard of William Hill since they are one of the biggest and best sportsbooks out there, and this is not going to change any time soon.
When it comes to gambling, they have all the features that you should be looking for in a sports betting site. They offer a vast live streaming section and have a very good live betting arena for those who like to place in-play bets. They are also more than happy to provide their existing customers with great promotions to take advantage of. Additionally, they have a great mobile gambling experience on offer for those of you who like to bet on your favourite sports on the go.
They also offer new customers a tasty Welcome Bonus, so if you sign up with them, you have the chance to get your sports betting experience off to a bit of a flier, if Lady Luck is on your side.
The Advantages and Disadvantages of PayPal
Everything in this life, no matter how good it is, has pros and cons, and we cannot say that PayPal is an exception to this. Below we shall take a look at some of the main pros and cons of PayPal so that you can get a better understanding as to whether it is a payment option that you will want to start making use of.
Pros
We are going to start off with the main pros of using PayPal as your payment method when gambling:
Simple to use: Whether you would like to deposit some funds into your account to do some sports betting or withdraw some winnings that you have earned, you will obviously want to make use of a payment option that is simple to use. PayPal is definitely something that slots into the easy category as you will get to grips with it in minutes.
No deposit fees: When you go ahead and deposit funds into your sportsbook account or withdraw your winnings, the bookmaker in question will not usually charge you. Therefore, you will get the full amount of what you deposit appear in your account. There are some bookies that will charge a small fee for deposits and withdrawals, but these are few and far between.
Widely accepted: PayPal is a banking option that you will find at the majority of sportsbooks nowadays. This is awesome since it means that if you opt to sign up with a few bookmakers, you can deposit and withdraw from your various accounts using the one payment option. This is really convenient, and we all love a bit of convenience.
Cons
Below are the main cons of selecting PayPal as your preferred payment option for betting on sports:
Can’t use for most Welcome Bonuses: If you read the T&Cs that apply to a Welcome Bonus (and you definitely should), you will soon realise that those who make a first deposit using PayPal are not eligible to claim the bonus money. This is because there used to be a lot of people using PayPal for fraudulent activities such as opening multiple accounts to claim the bonus multiple times. Due to this, most bookmakers do not allow PayPal deposits to claim the bonus.
No live chat: If you come across an issue that you want resolved really fast, then you can only get in touch with one of their customer care agents via email or phone. Unfortunately, you will not find a live chat option, which is quite the shame since this is the best way to fix any issues.
