PayPal is a globally active and very popular digital payment system, extremely popular among Arab punters and an indispensable part of online shopping. Buyer protection, instalment payments, send money to friends. Paypal is also very popular for sports betting. We have created a small guide in which we will answer this question: Does Betway accept PayPal? But first the most important question: Which online betting provider has Paypal?PayPal Betting Insights: Unraveling UAE’s Betway Experience
PayPal Betting Insights: Unraveling UAE’s Betway Experience
PayPal is a virtual account and acts as an interface between buyer and seller (customer and bookmaker). Customers are able to pay online in a matter of seconds, free of charge. The payment method also works in the other direction, i.e. you can receive money from the betting provider with PayPal without having to provide your bank account details directly.PayPal Betting Insights: Unraveling UAE’s Betway Experience
PayPal is an eWallet (digital wallet). The name actually says it all: You can deposit money with the provider from your bank account, for example, and use it to pay virtually (online shop, dating, etc.) or you can deposit it with betting providers. The process itself is incredibly simple. All you really need is an email address and a bank account. In detail:
- Open a PayPal account
- Make security settings
- Link bank account or credit card
- Getting started
PayPal Betting Insights: Unraveling UAE’s Betway Experience
Does Betway Accept PayPal? Yes, sure. When making online deposits with PayPal, the credit is credited to the betting account in real time, so that it is immediately available for sports betting. PayPal itself does not set a minimum amount for transactions, but most betting providers (including new ones) require that you have deposited at least €10; For example, with the betting providers Bet365 or betway, some like betano take €15 as the lower limit.
The maximum payment amount varies from betting provider to betting provider, but is usually between €5,000 and €10,000. None of the sports betting providers we know of charge a deposit fee via PayPal. Also good: We are not aware of any welcome bonus that prohibits deposits via PayPal. There are other payment methods such as Skrill or Neteller, so it can happen that you cannot deposit with the respective payment method in order to be eligible for the bonus.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
Before a payout is ordered, a manual check is generally carried out by the online betting provider, which often specifies the duration itself as up to 24 hours. However, practice shows that many bookmakers such as Betway work much faster and the sports betting profits (also applies to bonus winnings) are often on the PayPal account within a few hours.
Very large betting providers with many customer service employees act the fastest here; with the bookmaker Betway, which is very popular in Arab countries, my PayPal payout has never taken longer than 30 minutes. The average payout per transaction is in the four-digit range.
If you have the money in your PayPal account, you can use the amount to make a deposit at another bookmaker – that’s how advanced bettors do it. Of course, after the betting provider has paid out, you can transfer the money to PayPal, from PayPal to your credit card or bank account – depending on what you have deposited with PayPal.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
As a listed company (Nasdaq) headquartered in the USA, the financial service provider is subject to strict supervision and therefore relies on the highest security standards. In contrast to payments via direct debit or direct bank transfer, when money is moved via PayPal, the recipient (e.g. the betting provider) does not have any insight into the user’s account details, i.e. does not find out their bank account number or credit card number, but only sees the email address.
In addition, PayPal’s site uses the same encryption technologies as online banks and payment processing is therefore carried out exclusively via secure servers, without unauthorized persons gaining access to the data.
Important: If you ask does Betway accept PayPal? Neither PayPal nor a Betway asks you via email to carry out specific account transactions. Fraudsters occasionally try to access account data using emails that look deceptively real. If you have received such an email, do not click on it, but forward it directly [email protected] further, where it will be checked by the real PayPal and you will then be notified.
In addition to comprehensive security mechanisms, the company, which also has a European headquarters in Luxembourg, can be assessed as extremely reputable. According to its own information, over 29.1 million customers in Arab countries (Feb. 2023) use the payment service, and eBay also uses this payment service. This wouldn’t be the case if PayPal wasn’t secure. On the contrary: PayPal knows that security and the associated seriousness are the greatest asset and does everything in its power to make payment processing as secure and keep it as it currently is.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
To create an account for the PayPal payment method, all you have to do is log on paypal.com register by providing your name, address and e-mail address. There are three ways to top up the Paypal account with credit.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
On the one hand, you can top up PayPal via bank transfer, but this has the disadvantage that it takes up to two working days for the money to be there.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
A direct debit mandate is much more convenient. The payment service provider makes an advance payment and pays the online retailer/betting provider before retrieving the money from your bank account. When depositing a bank account for the first time, this must be confirmed for security reasons.
To do this, PayPal will transfer you €0.01 with a security code in the intended purpose, which is structured according to this pattern: “PP.1234.PP”. You then enter this code into your user account and thereby confirm the authenticity of your bank account.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
Possibility three is to deposit a credit card, which will be charged 1.50€ to confirm the authenticity, which can be seen on the credit card statement after two to three working days. Next to it will be a four-digit code with the addition “PP” or “PayPal”.
You then enter the four-digit code in your user account, thus confirming your credit card and getting the 1.50€ refunded. Of course, it remains to be considered why you might not use your betting account directly by credit card.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
Anyone who registers or logs in with a betting provider will discover on the homepage (desktop as well as on mobile devices, e.g. Betway app) usually a direct reference to the payment menu (often called “ deposit ” or “ cash register ”), in which all available methods are listed. Paypal is part of the betting shops listed on this page.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
Then you have to select PayPal and enter the desired amount. The PayPal login area then opens in the same window, where you log in with your access data (email address and password).
PayPal Betting Insights: Unraveling UAE’s Betway Experience
In the next step, you will be shown the selected amount and the payment method stored (e.g. credit card or direct debit). By clicking on “Continue” the payment is finally made and you will be redirected back to your betting account, where the deposit amount is credited directly. Good to know: When depositing via PayPal, the provider’s new customer bonus is usually also available. Below is a list of who offers a PayPal bonus.
If you would like to have your winnings paid out to your account, select PayPal in the payment menu, enter the amount and send the payout. In contrast to deposits, the money is not credited in a matter of seconds, but this is not due to this payment method.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
Yes, of course you can also have the winnings from your sports bets paid out via PayPal. However, two conditions apply.
- On the one hand, you can only withdraw via PayPal if you also used the eWallet for the deposit. By the way, you will come across this measure – method of deposit = method of withdrawal – at every bookmaker
- On the other hand, the betting provider must first fundamentally offer PayPal. If Paypal is not one of the bookie’s payment methods, you obviously cannot use its service.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
This depends entirely on the betting provider where you want to top up your player account. Limits are set individually by the provider; in our experience, the minimum deposit with PayPal for or casino games is often an average of 10 euros.
For example, we encountered this limit at the sports betting provider Betway. When it comes to payout limits, you also have to check with the bookmaker to see what amount they set. At Betway, for example, you only have to withdraw 10 euros.
Which betting providers have PayPal and are the best in 2023?
We have put together a list of which betting providers make PayPal available to you. bet365, for example, offers the practical e-wallet and is, in our opinion, one of the best betting providers. The large betting program is completely available to you there, including mobile ones. The payment method has no influence on the product offering.
But not only well-known bookmakers like Betway you bet via PayPal, with Racebets a specialist for horse betting also has this payment method in their program. You can also use PayPal with an account at Bwin or Betway.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
- Deposit in seconds
- Fee-free payment method
- Available at many betting providers
- Applies to almost every bonus
- Highest security standards
- Fastest payout method for betting winnings
Most betting sites approve PayPal withdrawals within a few hours, so it is still the fastest method for withdrawing sports betting winnings. The only thing you need to note is that a few providers may charge fees for your transactions, but this is always clearly communicated. In our table right here under the guide you will find the best betting providers with PayPal in 2023.
PayPal Betting Insights: Unraveling UAE’s Betway Experience
It is not surprising that the popularity of PayPal will also find its way into the betting sector in 2023. The advantages for customers are obvious. Even newcomers to sports betting can easily top up their account within seconds without having to provide the betting provider with their sensitive bank details.
Winnings can also be withdrawn with PayPal, although due to the manual check requirement, no real-time credit is made. We particularly like the fact that processing via PayPal also works excellently on all mobile devices and therefore also on some of the best sports betting apps is possible. In addition, the payment method is not excluded for almost any new customers (bonus).