Best Online Bookmaker with PayPal in Australia 2020
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Contributing Soccer and US Sport Editor
Contributing Soccer and US Sport Editor
Chris Hardy brings years of experience to Wetten.com, thanks to his strong background in journalism and online writing. Chris' career began nearly 20 years ago when he was hired to work for his local paper; he then made the move to web writing when he and his wife moved to the USA to be closer to family in 2017. This location change led Chris to develop a particular passion in US sports such as basketball and NFL (he remains a beleaguered Miami Dolphins fan and is sure their turnaround season will happen... one day) and he utilises his all-encompassing knowledge of US sports, along with soccer, when writing for Wetten.
What are the best bookmaker PayPal in Australia?
PayPal is one of the world’s most popular eWallets and we’re going to show you the best betting sites with PayPal in Australia. Not only will we help you find the perfect online bookmaker with PayPal, but we’ll outline all of the major advantages and disadvantages of using sports betting sites with PayPal.
If you’ve any experience of using the best betting sites in Australia, then you’ll know that you’re often confronted with a variety of payment methods upon signing up. Each of these payment brands will have its own pros and cons.
Our picks for the best betting sites with PayPal in Australia
We spent plenty of time coming up with our list of the best betting sites with PayPal in Australia. After all, there weren’t too many bookmakers in the country who featured this payment method. But we were glad to find that all of the sports betting sites with PayPal all turned out to be quality bookmakers.
We found that being an online bookmaker with PayPal is something of a mark of quality. While some lesser sites only allow you to make deposits with credit cards and bank transfers, if you see any bookmakers with PayPal, then you’ll know that they offer a quality sports betting service.
Advantages of using an online bookmaker with PayPal
One of the main reasons to pick an online bookmaker with PayPal is the sheer convenience that gives you. No need to waste time in finding your credit card, or entering your bank details, as you should be able to just link up your PayPal account by entering your PayPal address and password.
All of the best betting sites with PayPal in Australia will also give you ultra-fast ways to make deposits. As soon as you’ve placed your deposit at an online bookmaker with PayPal, you’ll find the money instantly lands in your betting account.
While you might incur some fees when using PayPal, these aren’t as severe as you’d find with some alternative payment methods featured in our online betting guide for Australia. In addition to this, PayPal features many international currencies and it also has a very handy mobile interface too.
Plus as this eWallet is a globally recognised brand, it will certainly give you plenty of confidence when you place your deposits at an online bookmaker with PayPal.
Is it legal to use sports betting sites with PayPal?
Anybody who has ever asked ‘is online gambling legal in Australia?’ will know that our country has very strict regulation over how you can enjoy sports betting. These laws are ultimately put in place to protect you as a sports fan, but they can make it fairly complicated to know how to make deposits at a betting site.
Thankfully we can report that it’s perfectly legal to make deposits at bookmakers with PayPal. Not only is it a legitimate, globally-recognised company, but they have premises in Australia and are a licensed and approved payment provider.
This means that you can always get in touch with either the authorities or the payment brand itself if something goes wrong when making deposits at bookmakers with PayPal. You can read one of the most helpful guides to making bookmaker complaints Australia has to offer right here.
Making speedy deposits at an online bookmaker with PayPal
One of the top reasons to use any of the best betting sites with PayPal in Australia is the fact that you can make lightning-fast deposits. To do this, you’ll first need to have a PayPal account and link it up with your bank account so that you can add funds.
Now you can simply sign up to one of the best betting sites with PayPal in Australia, and then head to the cashier area in your account and tap on the deposit button. Then you’ll be able to select PayPal as your deposit method, and enter the information necessary to link your PayPal account to the betting site.
Finally you’ll just have to enter the amount you wish to deposit. Even the best betting sites with PayPal in Australia will have minimum and maximum limits for PayPal deposits, and you should be able to make deposits from around $5 or $10 at a time.
After you’ve submitted your deposit, the money should show up instantly in your account and you can start betting. Just don’t forget to read our guide to how betting odds are calculated so that you can identify the best value bets.
Can you make withdrawals from bookmakers with PayPal?
In theory you should be able to make PayPal withdrawals from all of the best betting sites with PayPal in Australia. However we found that some of these bookmakers will only allow you to receive payouts by bank transfer.
This will be more than a little disappointing, as bank transfer withdrawals could take a handful of working days for the winnings to show up in your account. In contrast, if you went with a bookmaker who allowed you to make PayPal withdrawals, you could often get your hands on your winnings within 48 hours.
Bear in mind that all decent bookmakers will allow a certain time period for them to carry out all of the necessary security checks, so that you can avoid fraud. Thankfully, you shouldn’t have to incur any fees for any withdrawals that you make via PayPal. So, if you’re wondering how bookmakers make money, it won’t be through skimming off winnings through your PayPal withdrawals.
Getting bonuses at sports betting sites with PayPal deposits
Bonuses are one of the best parts of any bookmaker’s sports betting service. You might be able to get deals that match your deposits in a way that can significantly boost your betting stakes.
However, we should note that if you make a deposit with PayPal, then you might not be eligible to get some bookmakers’ matched deposit deals. This is because some bonuses can only be claimed by making a deposit via a credit card or bank transfer.
As a result, it’s just another reminder of how important it can be to read through the terms and conditions of any bonus before you get too carried away. We should also mention the fact that if you want to try a strategy for no risk matched betting Australia has plenty of restrictions about this, and you might find yourself banned from claiming any deposit bonuses.
Disadvantages of using an online bookmaker with PayPal
While PayPal is one of the world’s leading payment providers, we have to remember that all payment methods have their disadvantages. One of the key reasons why you might want to use alternative payment methods is the fact that PayPal has yet to be featured at some leading sports betting sites in Australia.
The fact that there are relatively few PayPal bookmakers will mean that you won’t be able to enjoy the full range of odds and bonuses as you would be stuck with a credit card for making your deposits. Less choice of betting odds ultimately means that you might not get access to some of the best priced sports bets on the market.
While PayPal won’t add fees for making deposits and withdrawals at a sports betting site, you should know that there can be some fees for funding your PayPal with a credit card or via a bank transfer.
Finally as PayPal is one of the world’s leading eWallets, you might find that you become the target of various phishing and hacking attempts. But don’t let this put you off, as exercising safe internet practices such as using secure passwords and not responding to dodgy emails should keep you secure.
A closer look at the fees incurred when using bookmakers with PayPal
PayPal allows you to make free deposits at Australian bookmakers, and you won’t receive any charges from the sports betting site either. The same applies for withdrawals, although you should know that funding your PayPal account is a different matter.
For example, to fund your PayPal account with a credit card will see you incurring a 3.9% charge, although this drops down to 1.9% if you do it via bank transfer. Despite this, PayPal is still one of the most cost-effective payment methods currently available
Alternatives to using sports betting sites with PayPal
Finally, we should mention the fact that some betting sites will now allow you to deposit and withdraw with Bitcoin. While there might not be too many of these bookmakers, we can show you the best betting sites with Bitcoins in Australia at the moment. This will help you see whether you want to fund your bets with the cryptocurrency, or prefer a more traditional payment method.