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PayPal Sports Betting Guide for Beginners by Tim Harrison

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PayPal is one of the most trending payment methods in Today’s world. As a result, almost every gambling site offers a PayPal payment option these days. However, bettors who haven’t used PayPal before might not know how to use it properly. Also, gamblers need to learn more about the payment method before they use it. If you are not sure where you can learn about the basics of PayPal, we are here to help. 

PayPal Sports Betting Guide for Beginners by Tim Harrison

Outsource IT Today interviewed Tim Harrison last April, and we discussed in detail PayPal as a payment method in the sports betting industry. We got to know a lot from the interview. Next, our team dug out more details surrounding the topic, and then finally, after collecting all the info, we have written this PayPal sports betting guide. Keep reading to learn more about PayPal bookies!

PayPal Overview

Before we delve into the other details of PayPal as a payment service in the gambling industry, we would like to brief you on what exactly PayPal is. Well, PayPal is an online payment method using which you can easily deposit and withdraw money within a short span. It is much like an e-wallet where you can store your funds and use them whenever required. PayPal is a highly secure platform where all your personal details are stored safely. You can keep your funds in PayPal as long as you want to. As PayPal is used in most countries, you can use the money stored in PayPal even while traveling. 

PayPal History You Must Know

PayPal was not launched as a payment service initially. When Luke Nosek and Max Levchin developed it in 1998, the platform was merely a security software. It was called Confinity then. Then in 1999, they changed their business scheme and made it an official e-wallet platform. However, it was not launched in the market until 2002. But once it got out, people loved the software, and it rapidly became popular. Today, PayPal holds one of the most prestigious positions among all the payment methods and is used by people from various countries all over the globe.

How to Make a Deposit Using PayPal?

Now that you know what PayPal is and how it got launched in the market, you must be wondering how you can deposit money to your gambling account using PayPal. The steps to depositing money using this payment method are super easy. Have a look below:

  • Visit the payment page of the betting site. 
  • There you need to click on the ‘deposit money’ option. 
  • Now, you will see multiple payment options lined up. Of all those, you need to choose PayPal.
  • After choosing the desired payment method, PayPal, you need to enter the deposit amount.
  • Once done, click on the ‘confirm’ option, and the money will be deposited in your gambling account soon. 

The money usually gets deposited within just a few minutes. You don’t have to worry about losing your funds because PayPal is a secure payment service. However, fraudulent activities might occur depending on the betting site you choose. Some betting platforms dupe the gamblers by taking all their money. That is why you must be very careful while choosing your desired site. Tim Harrison has shared more on what things you should keep in mind while choosing the ideal betting platform. Just keep reading!

How to Make a Withdrawal Using PayPal?

The withdrawal method is much like the deposit method as the steps are quite similar. However, the withdrawal time is usually longer than the time taken for depositing funds. Usually, if you use PayPal as a payment service to withdraw money, the time taken is around two to five business days. Three days is the average time taken, but it also depends on the betting site. Hence, try to choose a renowned casino so that you can withdraw your winnings quickly. 

The steps to withdraw money from your betting account using PayPal are:

  • Open the betting site in your browser, log in, and visit the payment page.
  • You need to choose the ‘withdraw money’ option on the payment page. Remember, you can withdraw your winnings only if you have met your wagering requirement. So check that before you start the withdrawal procedure.
  • If you have successfully met the turnover requirement, choose your withdrawal method, PayPal.
  • Now enter the amount you wish to withdraw. Make sure you choose the right currency. 
  • Once done, confirm the transaction and wait for a few days until the money reaches your bank account. 

Withdrawing money using PayPal is not only easy but also safe. There are no cases where PayPal has scammed people. Even if it happens, the betting site is to be blamed because PayPal has a super-secure environment for all your transactions. 

Popular Countries that Accept PayPal for Sports Betting and the Currencies Accepted

PayPal is accepted in more than 200 countries worldwide. Hence, we think it can be used in your country as well. But we recommend you check the PayPal regulations of your country before you use the service. 

A few countries where sports betting is quite popular, and you can make your gambling transactions using PayPal are:

  • United Kingdom
  • New Zealand
  • Norway
  • Chile
  • Ireland
  • Canada
  • India
  • Iceland
  • Malta

Players are often not sure about which currencies are accepted in PayPal. So here we have a list of the top currencies accepted by this payment app:

  • USD
  • EUR
  • CAD
  • NZD
  • INR
  • SEK
  • NOK
  • GBP
  • BRL

Best PayPal Sports Betting Sites Recommendations by Outsource IT Today

Tim Harrison has selected a few betting sites that are incredibly popular for serving the best betting opportunities and bonuses to the members. We cross-checked his recommendations and found that these sites are indeed the best in the sports gambling industry and all of them accept PayPal transactions. Have a look below:

  • Betway
  • 22Bet
  • William Hill
  • 10Bet
  • BetSafe
  • TonyBet
  • VBet
  • InterBet
  • STS
  • LVBet

PayPal Alternatives to Use

We have some recommendations if you are looking for some PayPal alternatives that you can trust and make quick transactions. These are the other legitimate payment methods that you can use for safe and secure transactions on most betting sites:

  1. VISA
  2. MasterCard
  3. Skrill
  4. Neteller
  5. PaysafeCard
  6. AstroPay Card

Final Word

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We hope that this PayPal sports betting guide helped you learn a lot about how you can use this excellent payment method while betting on your favorite sports. The best part about PayPal is how it values the customers’ security. All your data will be safe with them; hence, you can make fast transactions without worrying about losing your data to scammers. Another thing that Tim Harrison loves about PayPal is its low charges. 

If you are not sure whether or not you want to make payments using PayPal, we recommend you try it once. PayPal is trustable, quick, and superb in all other aspects. So are you planning to use PayPal while placing your next bet? Do share with us!

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