Apr 28, 2017 How to use PayPal for Betting Online? PayPal is the most successful online payment processor. Recognised by the majority of online bookies. Many sites also offer a free bet bonus for those bettors who make their first deposit through PayPal. To get started, all you need to do is signup and register an account and put in your bank account details. Online betting sites do pay a fee to PayPal when you use it to deposit. Most sites cover this fee but some sites have been known to pass the fee on to customers. This fee maxes out at 3.9% so it’s not anything too terrible. Fortunately, most sites just cover the fee so this won’t even be a concern for most gamblers. Moreover, you can only use PayPal to deposit and withdraw from licensed sports betting sites and online casino sites, as well as daily fantasy sports sites and horse racing sites. Not being able to use reputable payment processors like PayPal is just one of the reasons to steer clear of unregulated offshore betting sites.
Uk Betting Sites That Use Paypal
As the chart below shows, the scope of wagering websites that accept PayPal, as an account funding option, isn’t very ranging at this point in the game. That’s sure to change over time. Let’s face it, the online sports and entertainment wagering industry is a multi-billion dollar global entity. Like any business that wants to keep up with the competition, we feel that PayPal will loosen up their purse strings – eventually. In the meantime, check out the websites below to fund a PayPal sports betting account.