Australian PayPal Betting Sites

Back in the day, most of the online betting sites in Australia used Visa and Mastercard debit card options. However, there are now many more banking options available, and PayPal betting is one of the most popular for Australian punters. But why is this?

Well, clearly, banking methods that offer quick withdrawals will always be popular, and this is an area where PayPal betting excels. PayPal hasn’t been available in too many sports betting sites up until recently. However, now it is becoming more popular and for good reason. In this section of our site, you will find a list of the very best PayPal betting sites, as well as how PayPal betting works, how to deposit with PayPal, PayPal withdrawals, and all the advantages and disadvantages of using PayPal on online bets.

The Best PayPal Betting Site in Australia

1.
TAB.com.au Review & Promotions

Great AFL Offers

2.
Bet365 Review & Promotions

One of the worlds Most Popular betting sites

3.
Unibet Review & Promotions

Up to 50% Profit Boost

4.
SportsBet Review & Promotions

Watch Live Racing

5.
Neds Sports Review & Betting Offers

Bonus Bets & Bet Boosts Available

So, which Australian owned online betting sites currently allow PayPal deposits? Let’s take a look at our list of the best.

TAB AU

Tab.com.au is one of the most well-established betting sites out there, and as such, it comes as no surprise that it is one of a few that accepts PayPal betting as one of its main payment methods.

Tab au is a betting site famous for its variety of sports and markets, especially when it comes to horse racing. It has a number of horse racing betting markets as well as very good horse racing offers and promotions, great value odds. What’s more, this is one of the best Australian sites on which you can use PayPal to place a bet.

tab banner

Other Betting Sites that Accept PayPal

Currently, it is the major multinational online betting sites that allow players to use PayPal to make bets, such as Unibet, Bet365, Betfair Australia, William Hill and Ladbrokes. However, with the popularity rising, more Australian owned betting sites will allow punters to start betting with PayPal.

The Pros and Cons of PayPal Betting

Although PayPal betting offers lots of benefits, there are some downsides to take into account if you choose to use PayPal as one of your preferred payment methods to place your bets:

PayPal Pros

There are a number of reasons to start using PayPal for making a bet:

PayPal is Fast

When it comes to withdrawals, in particular, PayPal is one of the quickest and most convenient ways to withdraw your winnings. Often, when withdrawing using PayPal, you can get access to your winnings within 24 hours. This is in comparison to other debit card and credit card options which can take up to 5 or even 7 days to hit your bank account. 

PayPal is Convenient

This is especially the case when mobile betting. If you plan on funding your betting site account when on the go, it is easier to simply sign in to your PayPal account and fund from there, rather than get out your debit card and enter your details to make your bet.

PayPal Has Lower Fees than Many Other eWallets

Because of the size and ever-increasing popularity of PayPal use on online betting sites as well as other online merchants,  it has had the ability to drop its fees, making them lower than many other eWallets available.

PayPal is a Global Payment Method

PayPal is accepted all over the world, which makes it perfect for any transactions inside and outside of Australia. It allows punters to use a number of different currencies. It is becoming increasingly common on sites outside of Australia and is often used in places such as the United Kingdom and even New Jersey.

PayPal is Very Safe and Secure

A major benefit of using PayPal as a banking method to make your bet is its safety and security. Generally, online betting sites that offer PayPal betting are considered to be more safe and secure. PayPal’s popularity is partly based on its secure reputation. It often offers refunds for fraudulent transactions. As such, if there was to be any breach of security, it would cost the company big. It has a number of top security protocols to make sure that all the financial and personal details of PayPal account holders are safe and secure.

PayPal is a Legal Payment Method

If you choose to fund your account and place your bets with PayPal, then this is totally legal and regulated. It will not work with any operator that isn’t licensed in Australia, so by betting with a PayPal betting site, you know that you are betting on a regulated and licensed sports betting site.

PayPal is Becoming More Popular

Because of all of these pros, PayPal is becoming more popular, which means you will be able to fund your online betting account at a number of top sports betting sites. What’s more, you can also use your account with other online merchants and retailers.

So, as you can see, there are a number of pros to betting with PayPal. The very fact that a betting site will never have access to details of your debit card or credit card gives players that extra peace of mind. This makes your online sports betting experience even safer. You can also use it all over the world, and you can use it on the go when making transactions on your mobile. You can also make transactions with a wide number of currencies, not just AUD. It isn’t perfect, but there are plenty of reasons to make PayPal your preferred payment method when placing your bets.

PayPal Cons

As stated, PayPal is great, but it isn’t perfect, by any means, and there are a number of factors to take into account when using PayPal as a preferred payment option:

Not All Sports Betting Sites Accept PayPal

As you will have noticed, although it is becoming more and more popular, there are still a number of top betting sites that will not accept PayPal to make a bet. So, if you do open up a PayPal account, then you may be able to use it on some sites but on others, you may still have to use your debit card or credit card. However, more are playing catch up and it will soon be much more widely available than it currently is.

You Cannot Use PayPal to Claim Certain Bonuses and Free Bets

When you look at an online betting site’s promotions or bet credits, you will find a number of t cs attached in order to claim the offer. These could include use of a bonus code, free bet time limits, credits stake time limits, returns exclude bet credits and more. One you may well see is  ‘payment method exclusions apply’. Basically, payment method exclusions apply means that if you do want to claim your bet credits or free bets, then you can’t do so when using certain payment methods, and this often includes eWallets such as PayPal. As such, when you make a qualifying deposit or qualifying bet, you cannot do so via PayPal. Players may also not qualify for a cashout offer with PayPal.

Which Kinds of Betting Sites Offer PayPal?

So, which types of betting sites do offer PayPal? Well, only a legal and regulated Australian bookmaker will offer PayPal as a payment method. If the site doesn’t have a license then PayPal will not be an option. As such, we often look to see whether it is a PayPal betting site as an indicator of how trustworthy and safe it is. PayPal will not link itself with any shady or scam sites.

What’s more, we often find that PayPal is a popular payment method on sites that offer good live and in play betting markets. Because it is so quick to fund your account, should you find yourself without money, you can top it up to make your bet within seconds.

PayPal betting sites are generally sites that want to offer freedom, speed and flexibility for their punters, and as such are often found near the top of best bookmaker lists.

How to Deposit with PayPal at Betting Sites

So, if you choose to bet with PayPal as a deposit method, you need to know exactly how it works. An, indeed, you need to have a PayPal account to do so.

Creating a PayPal Account:

If you don’t already have a PayPal account, then you will need to sign up for an account. This is very simple though.

  • . Open up the PayPal website and click on Sign Up
  • . Click on ‘Personal Account’.
  • . Enter your mobile number, then enter the code they send to your phone
  • . Enter your name, email address and create a strong password.
  • . Enter your address and tick the box to confirm you have read and understood the terms and conditions.
  • . Click Agree and Create an Account.

Then you can choose to shop with PayPal. You then need to add the card which you will use to fund your PayPal account. Alternatively, you can add details of your bank account.

Making PayPal Deposits at the Best PayPal Betting Sites

Once you have opened your PayPal account, you then need to know how to use it on online betting sites. PayPal as a deposit method is very simple and quick as long as you know what to do.

  • Sign up at the PayPal betting sites of your choice.
  • Go to your account and click on the option to make a deposit.
  • Click on the ‘PayPal’ option.
  • Fill in any information that they have asked for.
  • Fill in how much you want to deposit.
  • Finalise the transaction.
  • Make a winning bet using your PayPal funded account.

It really is as simple as that. However, do remember that if you do want to claim bet credits or bonus code offers, then under the t cs, you may not be able to use PayPal to make your qualifying deposit or qualifying bet.

We would recommend that you link your bank account to your PayPal account for your PayPal deposits because this cuts out on fees as there may be a few you may have to cover when using PayPal betting sites that you wouldn’t have to pay if you were to use debit cards or credit cards.

Once completed, you are ready and able to use the industry-leading payment provider!

PayPal Withdrawals

One of the biggest benefits is withdrawing your funds via PayPal. One of the reasons punters choose PayPal bookmakers is because of the speed of withdrawals. One of the biggest sticking points when online gambling is getting to the winnings. Some punters find it a long-drawn-out process. However, if you withdraw from your betting account with PayPal, it can take just a few hours, and usually less than a day, compared to 5-7 days it may take with credit cards and debit cards.

Generally, with most PayPal bookmakers, players will find that withdrawals come without fees. The biggest PayPal bookmakers are well renowned, with a global presence and are available in huge markets such as the United Kingdom and New Jersey, as such, they can afford to swallow up any fees that PayPal do charge, and not pass them on to players.

PayPal also offers players the benefit of keeping track of the amount of bets they make as they can access all their transaction details very quickly. What’s more, because it is so safe and secure, you can be sure that your money will reach your account with no trouble.

The Speed of PayPal Transactions

If you want to make your bet with PayPal, then you will be able to do so quickly as deposits are immediate. However, when withdrawing, it takes a little longer, but nowhere near as long as other payment methods. Generally, most PayPal bookmakers can process the transaction in between 24 to 48 hours. Sometimes you may get your money the next morning, but it could take up to two days.

Obviously, the speed is all down to how busy the PayPal bookmaker is. If they have a lot of customers withdrawing at once, then it could take a little longer. However, you should get the full winnings from your bets as no fees will be taken out.

Always check the t c of the online betting site before taking this as a given. You can generally find this out in our online gambling site reviews, where we detail all the payment types, withdrawal fees etc.

PayPal Fees for Australian Customers

As stated earlier, you will not get charged fees for online gambling transactions if you link your bank account to your PayPal site. However, there are fees if you fund your account using a debit or credit card. However, be aware that these are only applicable if you make private transactions, and send money to family or friends. As such, this doesn’t count if you make deposits and withdrawals at an online betting site.

So, the good news is that PayPal won’t charge you to make deposits or withdraw, and the bookmaker also shouldn’t. However, it is best to check the t c page of the site. All legitimate betting sites will have each payment option listed and any fees that apply. It will say if deposits and withdrawals are free.

So, in short, making gambling payments with PayPal is completely free of charges to Australian customers if they fund it with their bank account.

Mobile Betting with PayPal

Mobile betting has never been more popular, and PayPal betting sites are much more convenient on mobile. The benefit of eWallets, such as PayPal, is that it gives customers access to funds anywhere at any time. So, players can enjoy online gambling from wherever they are, thanks to PayPal.

Because PayPal is so easy to use, players can male a deposit on their bookmaker in under 30 seconds. You can also check your balance quickly as well. Obviously, your internet speed needs to be up to scratch. You can also fund your account when using the bookmaker mobile app.

PayPal Deposits on Bet Credits, Bonus Code and Free Bets

If you have decided that PayPal is your preferred method of making a bet then you will need to make sure that it is a valid payment option for the bonus code bet credits or free bets. Just because a site accepts it as an option for making sports bets, it doesn’t mean that it is valid for offers.

In Australia, many bookmaker sites have bonus codes with free bets, bet credits and more. However, customers need to check through all terms and conditions carefully. You may find that there are minimum odds requirements. Winnings may also exclude bet credits stake, time limits are attached and often, returns exclude bet credits value. Often, you will also find that bet and payment method exclusions apply. As such, any deposit made with PayPal won’t be valid.

What’s more, if you make a bet that offers cashout, then check the terms carefully as sometimes cashout isn’t available for PayPal bets.

Verdict

PayPal has been around since 1998 but is growing into the online betting industry. It is one of the most safe and secure payment options available and works only with the top bookmakers out there. It is quick, convenient and allows you to make transactions all over the world for free if linked to your bank. There are some issues, as it isn’t yet available on all betting sites and you can’t use it for all bonus codes. However, even if it isn’t your only payment option, it is definitely a good idea to use it as a preferred choice.

PayPal FAQS

Do All Betting Sites Accept PayPal?

Currently no, they don’t. However, it is becoming more popular and more sites are now accepting it as a bet and payment method.

How Do You Make an Online Bet with PayPal?

First, you need to open a PayPal account, then find a PayPal bookmaker. Sign up for the account and choose PayPal as your deposit method.

What is the Minimum Deposit with PayPal?

Generally, the minimum amount you can deposit with PayPal is $5 but it varies from site to site. You can also deposit very large amounts but these will need KYC checks in order to do so.

What are the PayPal Fees?

There are no fees for depositing with PayPal if you link your bank account. The only time PayPal charges fees is for personal transactions funded by credit or debit card.

Are Australian Betting Sites that Use PayPal Better?

Just because a betting site doesn’t offer PayPal, it doesn’t make it bad. However, PayPal guarantees that a betting site is safe, secure and fully regulated.