A brief history of PayPal
The concept of PayPal came into existence in 1998, and whilst it has had many changes in terms of branding and ownership, its core concept remains the same; offering users an easy way to make online money transfers.
As of the start of 2018 there were 237 million active PayPal accounts in the world. And whether it was being used to transfer funds between friends, buy items on eBay, or bet on esports, it’s clear that PayPal has become one of the most popular ways to make payments online.
It’s the ease of use that has been PayPal’s greatest benefit. Simply by signing into your PayPal account, you can pay money and accept transfers without having to enter your details each time. And with PayPal now being used in well over 200 countries in over 20 different currencies, we can expect the PayPal revolution to continue.
Why esports betting and PayPal are perfect partners
If you are keen to start betting on esports, then you are going to want to use a payment method that’s quick and convenient. As soon as you sign up to an esports betting site, then you only have to make your first deposit with PayPal to have your PayPal account linked up for effortless withdrawals and deposits.
Whilst credit card and debit card withdrawals can take anything up to a week to process, you should be able to look forward to making very fast withdrawals with PayPal. This means that you can get your winnings in a much quicker manner than with other payment options.
We should also mention that PayPal is also a very safe payment option. This is because it can be used to keep your betting budget separate from your regular funds. So it will make it easier to keep your esports betting responsible and not worry about dipping into your normal money.
Limitations of using PayPal for your esports bets
Before you set up your PayPal account to enjoy some esports betting, we should warn you that not all the best esports betting sites accept PayPal just yet. Whilst most of the larger bookmakers allow you to make deposits and withdrawals with PayPal, if you go to more specialist esports betting sites like Betspawn, EGB or GGBet, then you won’t be able to use PayPal to add funds to your account.
In addition to this, some welcome bonuses can only be activated by using a credit or debit card. Whilst you can always use PayPal to top up your account balances later, for most sign up offers for new customers, you will need to use a payment brand like MasterCard or Visa.
Top esports and CSGO gambling sites that accept PayPal
There’s a great selection of top class esports betting sites that are ready and able to take your PayPal deposits. Here is just a small selection of some of the best.
Betway was one of the first betting sites to really harness the potential of betting online. The site offers plenty of esports bets for titles like Counter Strike Global Offensive, League of Legends and more. The bookie allows you to make PayPal deposits from a minimum of £10 at a time, there aren’t any processing fees, and you should receive your winnings within two days. And what’s best is that you can make your first deposit with PayPal to take advantage of their £30 extra bet welcome bonus offer. Terms and conditions apply, 18+.
You might think of William Hill as being a traditional sports bookmaker, but they also offer a good esports betting service. William Hill allow you to make PayPal deposits to wager on titles like LoL, CSGO, Dota 2 and even the FIFA eWorld Cup. Whilst you can’t use PayPal to claim their welcome offer, you can deposit from a minimum of £10, and you can enjoy PayPal withdrawals from as little as £5 and it should take just one working day to process.
888Sport are one of Europe’s top online bookmakers, and they feature a good range of odds for esports like Street Fighter V, Starcraft 2, NBA 2K, League of Legends, Dota 2 and Counter Strike Global Offensive. PayPal deposits will take ten minutes to process and can be made from £10. You can also make PayPal withdrawals from as little as £3 and it should take between two and three days to process. Sadly you can’t use PayPal to claim the 888Sport welcome bonus.
There’s a vast range of decent betting sites that now accept PayPal, and you should always shop around to see which site is best-suited for your esports betting needs. From sites like Pinnacle that offer great odds on esports but don’t have any bonuses, to relatively new sites like TipBet and 10Bet that offer a solid esports betting service that you can access with PayPal deposits, it seems that there’s plenty of choice out there. And whether you are signing up to an established brand like Coral or a newcomer like Unibet, you can be sure that PayPal offers you a safe way to bet. Just be sure to keep back checking into Esports.net to see which betting site is offering you the best odds for your PayPal bets.
Decent alternatives to esports betting with PayPal
Just because your favourite bookmaker doesn’t include PayPal amongst its payment options doesn’t mean that you should give up on your esports betting. Nearly all betting sites will allow you to make deposits and withdrawals with safe and secure credit and debit card brands like MasterCard and Visa. Whilst these payment methods aren’t the fastest for making withdrawals with, they will usually allow you to claim any welcome bonuses.
PayPal isn’t the only popular e-wallet option either. We’ve seen many esports betting fans enjoying using brands like Neteller and Skrill for transferring cash to and from betting sites, although these options can rarely be used for qualify for a sign up offer.
There are many more options that include prepaid cards like Paysafecard which gives you plenty of safety and flexibility although you can’t make withdrawals to this kind of payment method. We have also seen more betting sites even starting to include cryptocurrencies like Bitcoin amongst their payment methods, which alongside a standard bank transfer shows you just how many ways you can make deposits for enjoying some esports betting.
Final thoughts on esports betting with PayPal
PayPal clearly offers its users a safe and efficient way to make deposits and withdrawals at a range of top-class betting sites. Not only are most PayPal deposits instant, but withdrawals can be very fast and you should be able to deposit and withdraw funds from a low amount.
It’s fairly surprising to find that PayPal isn’t yet accepted at some of the smaller esports betting sites, but we hope that this situation will improve in the future. So if you want a secure and fast way to make your esports bets, we’d definitely recommend PayPal.