PayPal and esports – the perfect combo
Like cheese and onion, or tea and toast, PayPal is a great partner to esports betting, and has lots of advantages over other currencies.
PayPal pros
- Trusted reputation –?PayPal started in 1998 (originally, it was known as Confinity) and has over 20 years of experience. They’re a very reputable company and a trusted payment option at millions of outlets.
- Highly secure –?PayPal is a very secure platform. It uses complex security features to protect your details and offers tools like thumbprint login on the app, and 2 factor authentication to add even more protection. As a middle man between your bank account and a sports betting site it also effectively hides your banking details from any prying eyes.
- Plus, PayPal has its own security protocols that only allow you to make payments to licensed and trustworthy sites.
- Easy to use –?Setting up a PayPal account is very straightforward, can be done from your phone (there’s a dedicated app too) and requires very few details. All you’ll really need is an email address and a bank account or debit card to link to your PayPal profile.
- Fast transactions –?Fast transactions are vital in esports betting. Every second counts when your wager could be decided by the flick of a finger or the swivel of a thumb. PayPal has you covered here thanks to its lightning fast deposits.
PayPal also allows you to withdraw your winnings in a fraction of the time compared to debit or credit cards.
- Fee free –?This can vary across platforms but you won’t generally have to face any fees when using PayPal to make deposits and receive withdrawals. This is a big plus point to help you keep more of your winnings.
- Responsible gambling tools –?PayPal gives punters a choice of responsible gambling tools. You can set deposit limits or use a self-exclusion feature to stay in complete control of your gambling.
Cons of using PayPal
As with all payment methods, there are some disadvantages of using PayPal. It’s important to know about these before you sign up so you’re not frustrated down the line.
- Limited bonuses –?Some bonuses won’t be eligible for punters using PayPal. Be sure to read the terms and conditions before you make a deposit so you don’t miss out.
GC tip: It’s possible to make a deposit at an esports site with an eligible bonus method and then switch to using PayPal for subsequent payments.
- Account suspensions –?It’s unlikely but in certain extreme cases, your PayPal account could be suspended if you don’t follow their terms of service.
How does PayPal stack up against other payment options?
Before you make a decision about whether PayPal is the right option to use at betting sites, let’s take a quick look at how it stacks up against other payment options.
| PayPal | Debit/ credit cards e.g. Visa, Mastercard | Cryptocurrency e.g. Bitcoin, Litecoin, Ethereum | Online banking |
| Transaction speed | Deposits and withdrawals take 0-24 hours. | Withdrawals take 2-5 business days. | Instant withdrawals. | Withdrawals take up to 7 working days. |
| Security | Is a middle man service between a platform and your bank account so there’s no risk of anyone hacking into your funds. | Security protocols in place, such as fraud prevention, but can be vulnerable to attack. | Very secure as there are no third parties involved and transactions are anonymous. | Links directly to your bank account so you’ll be protected by your bank’s security. |
| Ease of use | Once you’ve made an account, deposits and withdrawals are quick and easy. | Easy to use. | Easy to use once you’ve done some research. | Easy to use, but does require an initial set up. |
| Availability | Widely accepted. | Debit cards are pretty much universally accepted. There may be limits on credit cards. | Accepted at a growing number of platforms. | Widely accepted. |
| Access to bonuses | May be limited. | Debit cards are pretty much 100% accepted for bonuses. | Access to bonuses at some sites is limited. | Widely eligible for bonuses. |
| Withdrawal limits | None. | Daily limits. | Usually none. | High upper withdrawal limits. |
| Support | If you need any help, you can contact the PayPal customer support. | You can contact your provider e.g. Visa, to resolve any issues. | Difficult to address errors unless you’re using a hosted wallet service. | You’ll need to contact your bank to solve any queries. |
What about other e wallets?
PayPal is by far the most popular e wallet, with over 250 million members worldwide, but there are several other choices. Neteller and Skrill are probably the second and third choice and have lots of the same benefits as PayPal. However they are not yet so universally accepted at esports betting sites.
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How to choose PayPal esports betting sites
No two esports punters are exactly the same, and everyone will be looking for something different. Using my checklist can help you to consider the factors that are really important to you and give you the best odds of a positive esports gambling experience.
Any site you consider should hold a license to operate as a sports betting site. This guarantees that it’s been independently tested to be fair, and that it follows legal guidelines.
One of the key areas you should consider when you’re making your choice of platform is the selection of games. LoL lover? Fortnite fan? No problem because those are some of the most frequently found games. Other popular esports include:
- Dota2
- Rocket League
- Valorant
- CS:GO
- FIFA
You will notice that the esports market isn’t quite as strong as the options for other sports, but it’s growing every day. This means that bet types and
esports odds
are able to be more complex and varied too, giving punters a more exciting experience. GameChampions posts updated news and reviews weekly so check back in to the site for the latest info.
Bonuses are the beating heart of the sportsbook industry and a key consideration when selecting a site. Remember to look at a bonus’ terms and conditions, especially expiration dates and wagering requirements, to see if they’ll really add value to your time on the site.
Many of the best PayPal accepting esports sites can now boast a lot of special features that add even more to the betting experience. If you want to
bet live on esports, no problem, there are lots of sites where this is an option. Want to watch a live stream of the match? That’s possible at lots of sites too.
Making deposits and withdrawals at?PayPal esports betting sites – a how to guide
Now that you’re up to speed with the benefits of PayPal, and you know the factors that equal a top rated esports betting site, let me take you through the process of using PayPal to make deposits and withdrawals.
How to deposit with PayPal
Once you’ve made a new account, you’ll need to add funds to your account to power your esports betting.
- Visit the ‘Cashier’ section of your chosen site, and select PayPal as the deposit method.
- Type in the amount you’d like to deposit and click confirm.
At this point, I always consider if there are any minimum deposits required to get my hands on a welcome bonus. I also check if I need to input a special promo code to access a welcome deal.
Withdrawals
Now it’s time for the bit I really like! When you want to withdraw winnings, you’ll go to the ‘Cashier’ section of your profile once more. Input the amount of money you’d like to withdraw, choose PayPal as the payment method, and click confirm. From PayPal, you can transfer money into your bank account, or spend it directly from there.
Conclusion – Esports betting with PayPal is a match made in heaven
Offering fast transactions, enhanced security, and an easy setup, PayPal is a great partner when you’re betting on esports. It has lots of pros that make it the equal of other payment methods, and its convenience and high withdrawal limits mean it outperforms quite a few.
Now that you’ve finished reading this guide, you should have a good idea of how to go about picking a site that offers esports betting with PayPal. To find out more about any of the platforms listed, you can read my detailed reviews, where I put a site through its paces to see if it can meet my high standards. Make sure to claim any welcome bonuses and read through the terms and conditions to give yourself the best chance of a few lucrative wins too.
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Esports betting with PayPal FAQs
?? Can I use PayPal for esports betting?
PayPal is one of the most reliable and trustworthy payment methods around and is accepted by a large portion of esports betting sites. It offers speedy transactions, zipped up security features, and global availability which can make the process of depositing funds and withdrawing winnings stress free and quick.
?? What is the best esports betting sites with PayPal for LoL?
In the banners on this page you’ll discover a hand curated selection of the very finest esports betting platforms. As one of the most beloved player games, LoL features prominently on these sites, along with CS:GO, FIFA, DOTa2, and lots of other FSP and MP games.
? How do I make a deposit at an esports betting site with PayPal?
PayPal is one of the most trusted and reliable deposit and withdrawal methods at esports betting sites, and you’ll find many FIFA, LoL, and
CS:GO gambling sites that accept PayPal. Once you’ve chosen a site, making a deposit is as easy as ABC. Sign up, and go to the ‘Banking’ section. Then select PayPal as your payment method, enter the amount, and click confirm. Job done.
