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Right now only a handful of online sportsbooks out there are accepting Paypal as a payment method. Some people are saying that those online bookmakers that accept Paypal are some of the world's most trusted and popular sportsbooks out there. Here is the list with some of the most popular online sportsbooks which are currently accepting Paypal payments (deposits and withdrawals): Bet 365, William Hill, Paddy Power, 888 Sport and Victor Chandler.

Good things about Paypal
  1. The world's largest online ewallet company
  2. Extremely easy to use
  3. Safe and secured platform
  4. Buyer protection
  5. Excellent cash out method
Negative things about Paypal
  1. There are still a relatively low number of online bookmakers that accept Paypal
  2. Because the hold almost a monopoly in the market, the fees are higher compared to their competitors
  3. Customer service is not always at its best due to the fact that they have hundreds of millions of users
paypal

What are the Paypal fees?

The Paypal fees are just a little bit higher compared to all the other ewallet companies available out there. This way in order to load your online paypal account you will have to pay a fee between 1.4% to 3.4%, and $0.20 of the transaction. Paypal is by far one of the most convenient ways you can transfer money over the internet and it will remain for a lot of time in the future.

How it works?

Paypal holds probably one of the simplest payment mechanisms in the industry. This is probably one of the reasons why they have managed to become so popular in the first place. You can sign up for free and in case you want to have more features you will have to go through a verification process. You can upload and withdraw funds via credit card or via bank wire. In order to make a deposit at an online sportsbook, you will only need to fill out the amount and with the help of your e-mail address and your password you will be making instant payments, so you can start right away to place some winning bets.

Conclusion

Online sports betting is by far one of the easiest ways you can enhance the sports games that you are watching on TV, and at the same time you will be given the opportunity to win some extra money. Paypal is probably one of the most popular payment methods which are being used on the internet. And even if officially Paypal is not allowing its customers to use this service to make payments towards any gambling websites, there are still a couple reputable online sportsbooks out there, most of them from UK that are going to allow you to use Paypal to deposit and withdraw funds.


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