We have picked out some of the best PayPal betting sites below, based on our own experience of using their cashiers to deposit and withdraw funds.
Betfred needs no introduction, really, but we always like to shine a light on the pros of the site. From the comprehensive sportsbook to promotions for existing customers, there is a lot to talk and that can be applied to the cashier as well.
Quite a few methods are accepted by the bookie, including PayPal, and the limits are very generous as well. The minimum for deposits and withdrawals is set at £5, while you can withdraw a maximum of £5,000 in a single go.
Cons
Minimum Deposit | £5 |
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Deposit Processing Time | Instant |
Minimum Withdrawal | £5 |
Withdrawal Processing Time | Within 48 hours |
BetMGM took the UK market by storm following the successful launch in the US, focusing heavily on marketing and generous welcome bonuses. Thanks to the partnership with LeoVegas as the provider, the payments situation is also decent.
Granted that it would have been better with a few more options, punters can't really complain as PayPal is one of five methods. The minimum for deposits and withdrawals is £10, while the maximum is £10,000 and £4,000 respectively.
It's possible to claim the welcome offer with PayPal at BetMGM, which is fantastic news!
Pros
Minimum Deposit | £10 |
---|---|
Deposit Processing Time | Instant |
Minimum Withdrawal | £10 |
Withdrawal Processing Time | Within 24 hours |
Midnite isn't the biggest betting site in the UK, and it will probably never be that, but the journey in recent years is impressive. There is a rather unique sportsbook on offer (looks-wise) and there is a decent number of payment methods accepted.
With a minimum deposit and withdrawal amount of £5, as well as a maximum of £5,000 for withdrawals, it must be said that the terms are good for PayPal. It's definitely worth giving Midnite a go if you haven't already.
Cons
Minimum Deposit | £5 |
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Deposit Processing Time | Instant |
Minimum Withdrawal | £5 |
Withdrawal Processing Time | Up to 72 hours |
Coral has the exact same payment methods and terms as its sister Ladbrokes, but we have opted for the blue-themed bookie here thanks to its promotions. The Rewards Grabber is just fantastic, but enough about that for now.
Focusing on PayPal instead, the minimum amounts are slightly higher for PayPal than the other methods, set at £10 for deposits and withdrawals. The maximum for deposits is £2,000, while you could not find that information for withdrawals.
Cons
Minimum Deposit | £10 |
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Deposit Processing Time | Instant |
Minimum Withdrawal | £10 |
Withdrawal Processing Time | Within 24 hours |
Finally, we have arrived at Bet365 and some might be surprised to see the bookie so far down the list. That is simply because the minimum deposit is much higher at £25, while the minimum withdrawal is also higher than other methods at £5.
Considering the amounts of the other sites on this list, it must be said that £25 is very poor from bet365. The maximum amount is the same for deposits and withdrawals at £5,500, though, but that doesn't help the situation much.
Cons
Minimum Deposit | £25 |
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Deposit Processing Time | Instant |
Minimum Withdrawal | £10 |
Withdrawal Processing Time | 60 minutes in our test |
PayPal needs little introduction for most people in the UK. But, why would you use it for online betting?
Fast Withdrawals: Depending on the betting site and if your account is verified, PayPal withdrawals can arrive in your account within 15 minutes. At worst, the withdrawal is usually in your account within 24 hours.
Security: PayPal is a reputable and secure payment platform. There are several security measures to help safeguard your account and financial information, including fraud monitoring and prevention, data encryption, key pinning and security keys.
Email Payment Confirmation: You will receive an email any time you send or receive a PayPal payment. This ensures you can alert PayPal quickly if you didn't make a transaction.
Convenience: PayPal is user-friendly and easy to set up by linking your bank account or debit card to your PayPal wallet. This also means you do not need to share sensitive details with the bookmakers directly.
Privacy: Using PayPal for online betting means you do not need to share sensitive details with the bookmakers directly.
Higher minimum amounts: With some sites, due to the fees that PayPal tends to charge business, the minimum deposit and withdrawal amounts will be higher. Bet365 is a very good example of this as the prominent bookie has a minimum deposit amount of £25 (!) for the method.
Bonus restrictions: There are not many welcome bonuses in the UK that activate with PayPal deposits. Most will exclude PayPal from the bonus requirements meaning you might need to deposit with a debit card to receive your bonus. Be sure to check the key terms and conditions for every welcome bonus.
Withdrawal Delays: Some betting sites may have slower withdrawal processes due to security checks.
If you are new to PayPal, or perhaps just have not used it on a betting site before, you can follow our step-by-step guide below:
First of all, you need to sign up for a betting site that actually accepts PayPal. While there are many sites that give the wrong information, sometimes even the bookie's own FAQs (!), you can find the updated list at the top of this page.
After choosing the bookmaker, you either need to create an account or login to the one you already have. Then, you will need to head to the bookie's cashier, which can often be done through the profile, where you should see 'deposit' and 'withdrawal'.
In the cashier, you will eventually reach a step where you can choose the method. Keeping in mind that in order to make a PayPal withdrawal, you will have had to deposit with the method.
Once the amount has been entered, the method chosen and so on, you should be redirected to PayPal where you will need to login and confirm the transaction. This is usually a very smooth process.
If you have followed the steps above, you should be brought back to the betting site where the funds should now be in your account. Withdrawals with PayPal tend to be a lot faster once the payment method has been saved, meaning you should be able to skip the previous step.
As Paypal will often cost betting sites more money (in fees) than other traditional payment methods, not all new bookmakers offer PayPal. But, below we have a list of the latest betting sites to launch in the UK that offer PayPal.
PayPal is great for several reasons:
PayPal is safe and is properly regulated for many UK betting sites. They provide a quick, safe, and easy way to make instant deposits in many different currencies (depending on the bookmaker).
PayPal will not share your full financial information with the betting sites and comes with 24/7 monitoring, secure technology, fraud prevention, dispute resolution and purchase protection around the world. If you face any issues while using PayPal, you will find a responsive support section to help.
Using PayPal for betting in the UK comes with certain responsibilities and safeguards to promote responsible gambling:
We take responsible gambling seriously at BettingLounge.co.uk. Please gamble responsibly.
Steven is an experienced iGaming content writer who has been working in the industry since 2018. He is passionate about sports betting and enjoys writing about all aspects of the industry, including bookmaker reviews, betting tips and strategies, and news and analysis.