Kane Gregan
Sportsbetting Expert
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Last Updated on 13/09/2022
Fact checked by: Megan Jonson
How to use an online bookmaker with PayPal
You’ll find that it’s remarkably easy to use the best betting sites with PayPal in Australia. Each of these bookies will work in roughly the similar way to take your payments. So once you’ve set up your PayPal account, here is what you’ll need to do at an online bookmaker with PayPal.
- Set up your bookmaker account - Provide your name, email, date of birth and so on.
- Click on deposit at the cashier section - Usually found in the site header once you’ve logged in.
- Choose PayPal for your preferred deposit option - There should be several options for making deposits.
- Verify your details - This usually just means entering your registered email address and password via the link.
- Enter how much you want to deposit - Bear in mind that all bookies have minimum and maximum deposit limits.
- Submit your deposit - If successful, the deposit should land in your betting account almost instantly.
Just so you know, this process is pretty similar for making withdrawals. In fact, PayPal will normally be pre-set as your preferred withdrawal method once you’ve already used the e-wallet to make your deposits.
Enjoy fast payments at the best betting sites with PayPal in Australia
So one of the best things about PayPal is the fact that it offers you lightning fast deposits and withdrawals. This obviously has the major benefit of giving you speedier ways to put down your sports bets and pick up whatever winnings that you make.
The best PayPal betting sites in Australia will allow you to make virtually instant deposits. There will usually be a small time lag while the transaction takes place, but in our experience, PayPal deposits should usually be in your account in less than a minute.
Making withdrawals with PayPal often takes a little longer. This is because the bookmaker will always have to verify the payout request for your security. Despite this, we found that most PayPal withdrawals should usually be back in your account in less than 48 hours. This is much faster than what you’d experience should you withdraw via a card or bank transfer.
Simple steps to verify your PayPal account
PayPal makes it very easy for you to register your account with the payment provider. The whole process of registering your first PayPal account should be over in a matter of minutes. Here’s what you need to do.
- Sign up to PayPal: Make sure that you register a personal account at PayPal Australia. You’ll have to provide information like your mobile number, and PayPal will verify this. From here you’ll need to submit more information like your name, email address and so on.
- Link a card: Here’s where you link either a debit card or a credit card to your PayPal account. This enables you to make PayPal payments.
- Link to your bank account: You’ll also get the option to link your PayPal account to your bank account for extra flexibility and lower fees.
How PayPal became a world-beater
PayPal has been around for little more than 20 years, but it has already transformed the way in which millions of people pay for goods and services online. It acts as an ewallet which means that you use PayPal as a payment processor that doesn’t require you to use any kind of card to pay for online products at thousands of online outlets.
You will have to link either a card or bank account to your PayPal account so that you can fund your payments and then withdraw the money that you receive. All that you have to do to make payments via PayPal is to log in with your email address and password.
PayPal wouldn’t have grown to become one of the world’s leading payment providers unless it was proven to be safe. The ewallet uses secure encryption to make sure that your financial information stays completely safe within the brand’s servers.
PayPal is licensed as an authorised deposit-taking institution in Australia. This means that it is bound by law to all of the nation’s banking laws and regulations. Plus you’ll receive a confirmation from PayPal after each transaction you make for extra peace of mind.
Why PayPal is the perfect payment method for online betting
There are many different ways by which you can fund your bets, but we think that PayPal could be the best. Here are the basic reasons why PayPal betting makes perfect sense.
Enjoy safe betting: We found that there’s always something slightly uncomfortable about typing your banking details or long card number into a betting site. But you won’t have to do any of this to make your PayPal payments. This is because you’ll only have to enter in your email address and password to approve your PayPal payments. A great way to make a safe deposit and enjoy an extra level of online privacy.
Lightning fast payments: We’ve already mentioned the fact that PayPal is fast, and it is this speed of payments that continues to give the ewallet a serious advantage over the likes of bank transfers, credit cards and debit cards.
Bet with no fees: You’ll probably already know that many Australian betting sites will sometimes charge you sneaky fees for making deposits and withdrawals with certain credit and debit cards. But you can sidestep these fees if you bet with your PayPal account. Bear in mind that there might be fees if you fund your PayPal account with a credit or debit card. So be sure to link your bank account with PayPal to avoid being hit with those fees.
Other benefits of using PayPal include the fact that you can use the ewallet to make international payments and it’s also remarkably easy to manage your mobile deposits and withdrawals from your PayPal app.
Why you can trust the best PayPal betting sites
It’s not just the PayPal that offers you plenty of security when you bet online. This is because all Australian bookies that take PayPal also offer you a legal, safe and trustworthy online betting platform. Here are the main reasons why you should feel safe in using PayPal betting sites in Australia.
Licensing
The good news is that all Australian betting sites that accept PayPal are fully licensed and regulated. The only way that these bookmakers are legally allowed to advertise the fact that they accept PayPal payments is to have an Australian online gambling license. This doesn’t just mean that your money will be safe, it also means that you’ll be pretty much guaranteed an honest and fair online betting experience.
Bookmaker reviews
Need further proof that you can trust these PayPal betting sites? Then just take a look at our bookie reviews. These give you a detailed and accurate picture of what it’s really like to use any betting site that accepts PayPal payments. By reading our bookie reviews, you’ll learn how these sites are licensed, what SSL encryption technologies they feature, and how transparent their betting platforms are. Perfect for knowing that your PayPal deposits will be safe.
Online bookmaker with PayPal - Quick facts
We realise that there’s a lot to think about when choosing a payment method for your online betting. So here are some handy answers to some of the most common questions that people have about betting with PayPal in Australia.
Do I have to withdraw back to PayPal if I deposit with PayPal?
Yes, it’s fairly normal that online bookmakers follow the procedure of only allowing you to make withdrawals back to the payment method used to make your deposits. This ‘closed-loop’ payment policy has been put in place to avoid criminal activities such as money laundering. Plus it has the added benefit of making it quicker and easier for you to request your payouts.
How much can I deposit at a betting site with PayPal?
It depends on which betting site you’re using, as each bookie will tend to have its own minimum and maximum deposit limits. You will normally find that you can make PayPal deposits from a minimum of between $10 and $20 at a time. The maximum amount varies, but most decent online bookmakers will normally allow you to deposit large amounts of money in Australian dollars.
What is the most that I can withdraw from a bookmaker with PayPal?
The withdrawal limits will vary according to which betting site you’re using. Most withdrawals can normally be made from a minimum of $10 and $20 at a time, although we have seen some bookies who have minimum withdrawal amounts far higher than this. Maximum PayPal withdrawals again vary but you should normally be able to withdraw thousands of dollars at a time. Bear in mind that most Australian bookies will have limits on how much you can withdraw each day regardless of the payment method that you use.
Will there ever be any fees for using PayPal at a betting site?
You should normally be able to use PayPal to make deposits and withdrawals at a betting site completely free of charge. This gives the ewallet a big advantage over cards and bank transfers. The only fees that you might see when using PayPal at betting sites is if you fund your PayPal account with either a debit card or a credit card. So best to link your PayPal account to your bank account so as to avoid these fees.
What is the longest that I should normally wait for PayPal payments?
PayPal deposits shouldn’t take any longer than 10 minutes to turn up in your betting account. Withdrawals should normally be processed by a bookmaker within 48 hours. This might take a little longer if the bookie has to carry out extra verification checks should you be withdrawing a particularly large amount of money. But if your PayPal withdrawal is taking any longer than a week to end up back in your account, then something might have gone wrong. In which case, be sure to contact that bookmaker’s customer service team.
Popular alternatives to using a PayPal sports betting site
Of course PayPal isn’t the only way that you can fund your online bets in Australia. Here are some of the other payment methods that you should be able to find at all good Australian betting sites.
- Credit and debit cards: Most bookmakers will happily take payments with the likes of Visa or MasterCard. The good news is that this gives you plenty of security. The bad news is that you’ll often face high transaction fees, and payout speeds can be slow too.
- POLi: This is another popular payment option that allows you to make virtually instant deposits with very low fees. The only downside of using POLi is the fact that you can’t withdraw with this payment method, so you’ll have to withdraw via bank transfer instead.
- BPAY: Another homegrown payment that gives you a safe way to fund your sports bets. There won’t be any fees for making BPAY payments, although the processing times can be pretty slow.
Get started at the best betting sites with PayPal in Australia
By now you should see that there are many excellent reasons why betting with PayPal makes perfect sense. This is because this ewallet gives you a secure, fast and largely free way to fund your bets and withdraw your winnings.
The good news is that there are growing numbers of Australian bookmakers who are now starting to accept PayPal payments. Each of these bookies is fully licensed which means that you can relax and enjoy your bets rather than worry about the safety of your PayPal deposits.
All of which means that there’s no real reason not to use PayPal sports betting sites. So be sure to sign up to one of our recommended PayPal bookmakers in Australia.
