Betting Sites That Accept PayPal
PayPal has become a mainstream payment system that many of us use as our go to online payment method. The level of protection it offers purchasers means many of us trust PayPal more than other standard online payment gateways. Another benefit is not needing to remember long card numbers or data for multiple cards as you can save them all in PayPal and then only need to remember one (secure!) password. That’s particularly useful for us given how many new sites we sign up for – we would quickly tire of typing in that long 16 digit card number every single time we want to try out a new bookie.
It’s no surprise that lots of punters like to use PayPal to deposit into their online wallets. Given its now 2020 most of the well known bookies have adapted and allow the use of PayPal as a deposit method.
While most of us will be able to use PayPal it is worth baring in mind that it isn’t some sort of a loophole for people not holding UK bank cards, so if you are in North America or another region where online gambling is illegal you won’t be able to deposit. PayPal actually has online betting sites demonstrate that they are able to put reasonable measures in place to block traffic from countries that have banned online gambling.
Given the rigorous process required for gambling sites to be so much as allowed to offer PayPal to its customers, you can be fairly certain that if a bookie is offering PayPal as a depositing method then they are legit. In fact, any UK gambling website that allows PayPal betting will hold a hold a gambling license granted by the UK Gambling Commission. That means they’re legally required to conduct all gambling operations in a fair and open way.
The History of PayPal
PayPal has a long and distinguished history – established in 1998 it has thrived since the dot-com boom! Established back in 1998 in the tech-hub of Silicon Valley, its vision was to create a universal mode of payment for people all over the world, free from exorbitant fees and government controls. PayPal became very popular very quickly, especially when it started its partnership with eBay. In just 15 months, it acquired a million users. By 2002 it was the preferred payment method by eBay users, as it became more popular than the in-house payment method offered. eBay realised the futility of competing with PayPal and instead bought the company for $1.4 billion, afterwards integrating PayPal in its own services. Initially, PayPal’s popularity made it an attractive target for hackers, which led to PayPal responding with beefed up security measures, to the point where now it’s considered as secure online as any bank or debit card. Now, PayPal 267 million active customer accounts in over 200 countries and accepts 25 currencies.
When Not to Use PayPal
We don’t recommend using PayPal if you are charged a fee for depositing or withdrawing. The fee could be charged by PayPal or by the betting operator. After a strenuous bit of research I haven’t been able to find any operator charging a fee for PayPal which could be a benefit if you are used to using NETELLER or Skrill that do have fees.
Bare in mind there are fees for international currency conversion, so if your account currency is pounds and you deposit, play and withdraw in Euros you will be subject to a fee. The fee structure varies on where the money is coming from, with charges from 0.4% to 2% – information that I found on this page.