In this guide, we will tell you about how you can use PayPal for sports betting. PayPal has become one of the world’s most popular electronic payment methods over the last two decades or so. The brand now has an iconic status, so widely is it used. Many millions, if not billions, of people have used this payment method in some kind of online purchase during the course of their life. While many imitators have joined the marketplace since PayPal became well known, this brand continues to retain its status as one of the worldwide web’s major names.
With the help of this guide, you’ll discover how to place sports bets with PayPal, as well as a little bit about the brand’s history. We’ll also tell you why PayPal sports betting sites are useful for bettors to know about, and why using this particular payment method offers excellent security and reliability. Read on to find out more about PayPal sports betting!
Contents
Which Online Betting Sites Accept PayPal?
If you’re looking for PayPal betting sites that punters can use, then your options are becoming ever more widespread. It used to be the case that PayPal was available only at a small number of operators, but the choice of PayPal sports betting sites has expanded significantly in recent years. Bet365 is one major site that offers customers the chance to use PayPal, for example. Anyone who wants to make a Bet365 deposit with PayPal can do so. You do not need to wonder if Bet365 accepts PayPal or not!
The options are wider than just Bet365, however. Betway is another major operator that offers punters the chance to place sports bets with PayPal, and there are other operators out there too. You can use our website here and read our bookmaker reviews to make sure you know exactly which operators offer this payment method as an option. Online sports betting with PayPal is very simple, and we’ll outline the process of placing a bet using this method next for you.
How to Place an Online Bet Using PayPal
PayPal is an eWallet, which means that you must fund your PayPal account from another source before you can use it. Many PayPal customers link their PayPal account directly to their bank account or debit card. Sports bettors in certain countries, such as the UK, cannot use their PayPal account for sports betting if it is linked to a credit card, so always be aware of this.
To place a bet using PayPal, you need to make sure that you opt for PayPal as your payment method when you set up your account with an online sports betting site. You can place a bet by following this process:
- Click on the market on which you want to bet
- Check the odds
- Select your stake size and check it against your account balance
- Click on Confirm or Place Bet to place your wager
Why is PayPal Good for Online Sports Bettors?
Anyone who is wondering why PayPal is a good payment method to use for virtual sports betting and other forms of online betting should read this section of the article. PayPal offers a number of benefits to punters and we’ll outline those here:
Security
PayPal is a massive brand these days and it pays close attention to the security and safety of all of its transactions. This means that you can relax knowing that there is an extra layer of security in place in addition to any encryption and other methods that your betting site might use. Given that you must also use another payment method such as debit card or bank account to fund your PayPal account, your levels of protection are very good when betting with PayPal.
Widely accepted
Another major plus point about PayPal is the number of PayPal sports betting sites that is out there now. This is one of the world’s most widely accepted electronic payment methods, and, as we have mentioned above, a growing number of operators that allow you to place sports bets with PayPal. This means that you can use the same payment method even when you have accounts at several different operators. This leads us handily onto our next point!
Easy to stay in control of your betting budget
Using PayPal makes staying in control of your betting budget potentially much simpler. You can allocate a certain amount of money to your PayPal account each week or month to use for betting and stop when that fund has been exhausted. This makes staying in control simpler if you have accounts at several different PayPal sports betting sites.
Simple to use
PayPal is very easy to use, which is why it remains so popular with bettors. Simply select PayPal as your payment method when prompted and it is as easy to place sports bets with it as it is to shop online.
Some history about PayPal
Before our conclusion, it would be wise to tell you a little bit about what PayPal is and its history. PayPal began life in 1998 as Confinity. This was a company that developed security systems for handheld devices. After enjoying limited success in that area, however, the company switched focus and began offering an electronic payment method in 1999.
In March 2000, Confinity merged with x.com, an Elon Musk venture, and the future direction of PayPal soon became apparent. After Musk disagreed with one of the venture’s founders about the direction of travel, x.com terminated all of its other internet banking operations and PayPal became its main focus. This was in October 2000, and things have moved massively forward since then.
PayPal was acquired by eBay in 2002, and remained part of that brand until 2014, when it was spun off as a separate venture. By January 2021, the brand had grown so much that it became the first foreign operator with 100% control of a payment platform in China. In March 2021, a survey by Morning Consult found that PayPal was the second most-trusted brand across the world, a sure sign of how much trust is placed in it by customers.
Conclusion
PayPal sports betting is very simple and safe. This eWallet is one of the world’s most trusted payment methods for a reason. You are in safe and secure hands when you are placing sports bets with PayPal!