The ubiquity of PayPal is such that you can use it as a payment method pretty much anywhere: from booking flights, hotels and rental cars to streaming services like Spotify and Netflix, e-commerce stores like Amazon and even virtual reality platforms like Vive. Given the prevalence of PayPal in so many different industries, it’s clear that using the service for online betting sites is a no-brainer. Fortunately for Aussie bettors, many bookmakers accept PayPal as an online payment option. Let’s take a look at our top recommendations when it comes to sites with PayPal in Australia.
Top 10 Betting sites with PayPal in Australia
How to Pick the Best PayPal Betting SiteIn order to make sure that you’re choosing a legitimate and trustworthy site, there are a few things you should keep in mind when picking a site that accepts PayPal as a payment method. Here’s what you should look for:
- No Fees: Some sites charge a fee for using PayPal, so make sure that the site you’re using doesn’t charge you extra for the privilege of paying with your PayPal account.
- Speed: Since PayPal is an online payment network, you’ll want to make sure that funds arrive in your account as quickly as possible.
- User Experience: How are the site’s account and bettig interfaces? Is it easy to navigate and intuitive? Does it have helpful and responsive customer support?
How to use PayPal for Sports Betting
Using PayPal as a payment method for online betting differs slightly from other online purchases. Instead of following a regular checkout procedure, you’ll need to initiate a two-step payment process: add your PayPal account as a payment method and then initiate a transfer from your account to the sportsbook’s account. First, log in to your sports betting account and click “Payment Methods.” Select “Add a payment method” and then click “Add an existing payment method” and select “PayPal.” Confirm your address and then add the name that’s associated with your PayPal account.
Paypal Betting Safety
As with any online transaction, it’s crucial to make sure that you’re betting at a safe and secure sportsbook. Fortunately, using PayPal as your payment method adds an extra layer of security, as the sportsbook won’t have access to your bank account information. However, it’s important to make sure that you’re using a site that is fully licensed and regulated by one of the world’s gaming authorities. Secure sportsbooks will use SSL encryption to protect your data, have a valid gaming license issued by a reputable regulatory body and have positive reviews and feedback from previous clients. Most importantly, make sure that the site has been tested for fairness by an independent and third-party auditing agency.
PayPal Deposits and Withdrawals
All of the sportsbooks that we’ve outlined in this article feature instant deposits and withdrawals via your PayPal account. E-wallets like PayPal are typically available for both deposits and withdrawals 24/7, so you can make and take payments whenever you want. Be aware that there may be limits on how much you can send or withdraw in a given period. Depending on where you’re from, you may also have to pay a small fee for sending or withdrawing funds from your PayPal account. PayPal withdrawals take approximately two to five days to be deposited in your account.
Mobile Betting at PayPal Bookies
If you want to bet on the go, you can make mobile deposits and withdrawals with your PayPal account. Keep in mind that not all PayPal sportsbooks offer mobile betting.
If you want to bet on your mobile device, you’ll have to check if your sportsbook has a mobile app and if they accept PayPal as a payment method. Many sportsbooks have apps that are compatible with both iOS and Android devices.
Easier navigation, better graphics, and the option to place your bets on the go are just some of the benefits of betting with your mobile device. You can also use your phone to check your account balance, winnings and results from past wagers.
Live Betting with PayPal Betting Sites
If you’re not a sportsbook newbie, you might want to try your hand at live betting. Live betting is a form of sports betting in which you place wagers on sporting events as they’re happening. While many sportsbooks offer this feature, not all of them accept PayPal as a payment method. Most sportsbooks offer live betting during major sporting events like the Super Bowl, the World Cup and the MLB playoffs, but they also offer live betting during smaller events like tennis and golf tournaments.
Making live bets is similar to placing pre-game wagers: select the team or player you think will win, the amount you want to bet and the betting option you want to use (Moneyline, Spread, etc.).
PayPal betting Advantages and Disadvantages
Advantages of using PayPal to fund your sports betting account include: instant transfers, easy account management, no minimum deposit requirements, and no restrictions on the source of your funds.
The main disadvantage of using PayPal funds to fund your sports betting account is that your money is tied to your account. If you want to take a break from sports betting, you can’t just store your funds in a savings account like you could if you used a debit or credit card.
If you’re planning on depositing funds into your sports betting account and withdrawing them again within a short period of time, you should keep in mind that the fees associated with PayPal transactions are higher than those associated with debit or credit cards.
Founded in 1998 by online entrepreneurs including Elon Musk and Peter Thiel, PayPal is a digital payments network that lets you send and receive money online, as well as through mobile apps and/or other mobile devices.
As of 2018, PayPal had more than 360 million registered accounts and over $100 billion in annual transactions. It is one of the most widely used payment methods on the internet and is accepted by a wide range of e-commerce and betting sites.
Using the PayPal payment method requires signing up for a free account, which can be done on the PayPal website. After signing up, you can fund your account using a debit or credit card, or you can add funds using your bank account.
What are the advantages of using PayPal for online betting?
One of the biggest advantages of using PayPal for online betting is the ease of funding and withdrawing funds from your account. You can easily transfer money from your bank or use your credit or debit card to fund your account. Once the funds are in your account, it’s easy to withdraw them and send them to your bank account.
What are the disadvantages of using PayPal for online betting?
Unlike other payment methods such as credit cards, PayPal has a relatively high fee structure. PayPal charges a fee for each transaction, whether you are sending or receiving money.
What are the minimum deposit and withdrawal amounts for PayPal betting sites?
Most online sportsbooks accept low minimum deposits of $10 or $20. The minimum withdrawal amount varies from site to site.
What sportsbooks accept PayPal as a payment method?
All of the sportsbooks we’ve listed in this article accept PayPal. Some of these sites also accept other e-wallets, such as Skrill and Neteller.
Using PayPal to fund your online betting account is an easy, convenient and secure way to manage your finances.
If you’re looking for a reliable and trustworthy site that accepts PayPal, we highly recommend you check out our top recommendations.