PayPal is one of the largest online payment services in the world providing many advantages to bookmakers and betting site users alike. PayPal is a digital payment service that allows users to make fast deposits and withdrawals at online betting sites in India.
Best Betting Sites for PayPal in India
What is PayPal
PayPal is a fast and easy online payment service that allows you to register a credit card or bank account to send and receive money online. PayPal are a digital wallet system that means you don’t have to enter long card numbers or provide your financial information when making deposits at online betting sites.
PayPal is one of the safest betting payment methods online and offers enhanced security through enhanced encryption technology, 24/7 monitoring, and personal data privacy.
How to Open a PayPal Account
Opening a PayPal account in India is incredibly simple. All you need to do is head on over to Paypal.com and click on Sign Up to begin. Now select a Personal Account and fill in your personal details. This will be your name, email address, date of birth… the usual information. Once you’re done you will receive a confirmation email from PayPal. That’s it! It’ll take you all of 5 minutes.
Now in order to use your PayPal account, you’ll need to add a payment card. Simply navigate to the PayPal dashboard and add a bank card. Now you are ready to make your first PayPal betting deposits at your favourite online betting site.
Verifying Your Account to Withdraw Funds
At some point you’ll need to withdraw funds from your PayPal account into your bank account. To do this PayPal requires that you verify your PayPal account by completing a few additional steps. PayPal require this to meet requirements protecting against money laundering and the financial of terrorism.
Within your dashboard you will find a task board with a series of tasks required to verify your PayPal account in India. You’ll need to complete the following tasks:
Confirm your email address
All you need to do is press confirm in the email you’ve received from PayPal.
Provide PayPal your PAN Card
You simply need to upload a scanned copy of your PAN card and PayPal will take a couple of days to verify it.
Add a bank account
Indian legislation does not allow Indian residents to store money in e-wallets outside India, so you’ll have to link a bank account by law. Just provide PayPal with your account details and confirm the 2 transfers PayPal send to your account.
Provide PayPal with the purpose of your account transactions
Just select a purpose of account from the drop-down menu. You can choose gambling and complete the process.
The verification process is very simple, but you may have to wait a couple of days for PayPal to review your documentation and complete the process.
How to Use PayPal in India
PayPal is so simple to use! Once you have topped up and linked a bank account with your PayPal account, you’ll be ready to sign up to any number of great betting sites in India. Before you sign up, we’ve made a quick and easy how to guide, so you can place your first bets as soon as possible!
How to Make a Deposit
Making a deposit with PayPal couldn’t be easier and are usually instant. There are 3 simple steps to follow to deposit funds into your chosen betting site account.
- Navigate to the cashier section of your chosen betting site and select deposit, and then PayPal as the deposit payment method.
- Simply enter your deposit amount, remembering to meet the minimum and maximum deposit amounts stipulated by the operator.
- Click continue and you’ll be requested to login to your PayPal account where you need to review the payment and confirm the payment.
How to Make a Withdrawal
Many betting sites in India allow you to withdraw funds directly into your PayPal account. You’ll typically find PayPal betting withdrawals take around 1-2 days but can take as much as 72hours to be processed. Pay a close eye – some betting sites may invoke a small withdrawal fee. To make a withdrawal the steps are easy as making a deposit.
- Again, navigate to the cashier section of the online betting site and select Withdraw. Chose PayPal as your withdrawal method.
- Choose how much you wish to withdraw while keeping in mind most betting sites have a minimum and maximum withdrawal amount. Also remember some bonuses may have wagering requirements you need to meet before you can withdraw funds.
- Select confirm and your funds should arrive within 48 hours.
Benefits of PayPal
PayPal users benefit from a large number of acceptance at so many online betting sites in India. With millions of users around the world, it makes sense that bookmakers are making sure that they accept PayPal as a method for making instant deposits and fast withdrawals. PayPal is also free to open and there are no transfer fees when making purchases in India.
Users of PayPal can place bets with total peace of mind because PayPal is an incredibly safe and secure digital payment service. PayPal leverages industry-standard security measures and uses a bug bounty system that is effective in identifying and detecting vulnerabilities. Users also benefit from a 24/7 fraud detection monitoring system, Two-Factor Authentication and protection from identity theft.
It is also great to ditch the cards and bet with complete convenience! All you’ll need to remember is a username and a password to make deposits and withdrawals at your favourite betting sites in India.
Limitations of PayPal
PayPal users will suffer from withdrawal fees at many betting sites and punters using international betting sites will notice rather poor currency conversion rates. Those who wish to bet in a foreign currency or at an international betting site will face small fees for making and receiving international payments.
While PayPal betting deposits are usually instant it can take up to 72 hours for a withdrawal to be processed and payment made to your PayPal account. A lot of Indian Betting Site operators will also exempt PayPal users from bonus offers which means you won’t be able to take advantage of many free bets, cashback offers and loyalty bonuses.
Best Betting Sites Accepting PayPal
With so many betting sites online, we know it can be tough to pick the perfect one. Don’t worry – we have you covered! We’ve picked three of the best online betting sites accepting PayPal in India.
If you just love sports and need to find every kind there is, then LeoVegas Sport has you covered! Leo Vegas Sport features a monstrously large selection of sports to bet on and some of the best betting options you’ll find in India.
If football is your game of choice, the Leo Vegas Bet Builder offers more betting choices than you can imagine. Is cricket what matters most? Leo Vegas Sport covers loads of international leagues and have a handy cricket blog that teaches new punters how to place cricket bets. Even niche winter sports such as Ski Flying are covered by Leo Vegas Sport!
Leo Vegas Sport combine the huge selection of sports with some of the best live betting odds in India. Updated statistics and insider information allow PayPal punters to build the perfect sports bet at Leo Vegas Sport.
Funbet are absolute newbies having only just launched in July, but they are already making waves as a unique and fun online betting site in India. Detail oriented sports fans will love Funbet’s match trackers and updated statistics. Funbet keeps betting exciting with Fast Markets, that allow punters to place a bet on whether a wicket will fall within a nominated timeframe!
Their IPL markets are expansive, covering everything from Top batsman and Man of the Match, to unique in-play bets such as next wicket. The range of sport options is massive for such a new betting site and they even feature some niche sports such as Handball, Bandy, and even Gaelic Hurling!
Look out for combi boost bonuses where you can increase your potential winnings on multi-bets by as much as 50%. With literally hundreds of matches to bet on daily, PayPal users will have no problem building a great multi-bet to boost.
Betway has an expansive list of sports to bet on and offer some of the best IPL odds you’ll find online. Licensed in both Malta and the UK, Betway is one of the safest and most secure betting sites accepting Indian players. Available in rupees, PayPal users will have no problem making fast deposits at Betway.
There are a truly massive amount of betting options covering a great range of sport including both in-play and pre match betting. The Betway cash out feature is a fantastic addition to live betting where you can change your mind half way through a match. No live streaming is offered by Betway but they certainly make up for the setback with in-depth tools such as historical statistics and live updates.
Best Cricket Betting Sites Accepting PayPal
We know why you’re here. When it comes to sports betting in India, it’s all about the great game of cricket and you will need to know where to find the best cricket betting sites. Of course, PayPal users are no exception! We’ve selected 3 of the best betting sites in India that accept PayPal and offer something special for cricket fans.
10Cric has quickly become a leading sports betting brand in India. In a very short amount of time, 10Cric has become the betting site of choice for cricket punters all over India. 10Cric is Indian focused and that has resulted in exceptional quality of service.
There are over 25 different sporting markets on offer but 10Cric is all about the leather and willow! 10Cric cover almost every cricket tournament ranging from international leagues such as the IPL and Big Bash, through to UK Country Cricket and Australian Sheffield Shield. Players will benefit from some of the best pay-outs in the industry and 10Cric have proven to deliver on their reputation.
A minimum bet of ₹20 also means you can take advantage of the diverse range of markets and bet on everything from most sixes in an over to the score in the first over!
ComeOn! has one of the most appealing interfaces of any online betting site in India. It feels like a truly modern dashboard with a modern look and displaying so much at one time. Most importantly, ComeOn! is highly tailored for the Indian market and, in particular, the cricket market!
The team at ComeOn! are clearly aware that 90% of Indian punters focus on cricket and so they’ve established a complete cricket betting platform. ComeOn! offers tons of cricket matches, fantastic odds, and the live betting experience is certainly a class above most.
Navigate over to “Top Leagues” and you’ll find the biggest cricket competitions in the world such as the IPL, Big Bash, and the Australian Domestic Sheffield Shield competition. This betting site really looks after cricket lovers by offering unique cricket-specific bonuses such as Cash Back on losing cricket bets.
Bet365 is quite possibly the biggest and most popular online betting site in the world. This powerhouse of a betting site offers Indian players a comprehensive betting experience and one of the best cricket betting experiences you’ll find in India.
Select one of your favourite high-profile cricket competitions like the Australian Big Bash series and you’ll find around 60 pre match and in-play markets. At Bet365, you can bet on almost every part of the match including most run outs, runs in first over, or most sixes. You can follow the matches live and even bail out of a bet early with the cash out feature.
The biggest selling point of Bet365 is the free live streaming of cricket matches including the IPL. At Bet365, not only can you make live, in-play bets on your favourite cricket matches, but you can watch them too! Bet365 Extra keeps cricket fans in the know with the latest updates in the exciting world of cricket.
History of PayPal
PayPal began in 1999 as Confinity, a company that focused on a digital wallet system following a lack of success with its previous business model as a software security company. Confinity merged with Elon Musk’s, X.com, and in 2001 rebranded as PayPal. PayPal has since partnered with the likes of Google, VISA, and Citi to offer a growing number of payment options globally.
PayPal saw significant growth in India following the demonstration of the ₹1000 and ₹500 bank note in 2016. Since betting site users were looking for a more secure payment method, PayPal took the opportunity to become a leading financial services brand in India.
PayPal v Other Methods
PayPal has distinct advantages over using standard bank and credit cards as you do not have to provide your personal banking information to your chosen online betting site. VISA and MasterCard users can use Google Pay to avoid inputting personal banking details. Other e-wallet services such as Skrill and Neteller are possible alternatives to using PayPal at online betting sites in India.
International betting site users may find themselves choosing Skrill over PayPal as the e-wallet offers better currency conversion rates than PayPal. Neteller is a widely accepted digital payment method but withdrawal times have a history of being slower than PayPal. Google Pay has grown tremendously in India and our best google pay betting sites list will help you make the best decision.
An increasing number of betting site operators in India, such as 10Cric, are accepting cryptocurrencies such as bitcoin as a deposit method. So those who truly want to bet anonymously with maximum security may choose a cryptocurrency method over PayPal.
Other Popular Betting Payment Methods
PayPal Betting FAQs
What is PayPal
PayPal is a safe and secure method of making instant deposits and fast withdrawals at your favourite online betting sites in India.
What Are the Best Betting Sites Accepting Paypal
There really is an online betting site to suit all punters but we think Leo Vegas Sport, Funbet, and Betway are three of the best options out there for PayPal punters in India.
What Are the Best Cricket Betting Sites Accepting Paypal
Many betting sites are cricket focused but we think Bet 365, 10Cric, and ComeOn! are three of the best online betting sites accepting PayPal.
How Do I Make Withdrawals and Deposits Using PayPal?
Just navigate to the cashier section of your online betting site and follow the prompts. Don’t forget to remember the minimum and maximum limits.
Is PayPal Safe?
PayPal is one of the safest payment methods available. PayPal uses industry-standard security measures and offers 24/7 fraud detection.
Is PayPal Legal in India?
Yes, PayPal adheres to Indian laws and can be used legally at online betting sites.
CricketBettingAdvice Final Words
PayPal offers punters in India a great means to make instant deposits and fast withdrawals at their favourite online betting sites. With PayPal you won’t need to provide your personal banking details to your chosen betting site and can make transactions with complete peace of mind. Punters can bet on their favourite sports and cricket matches at some of the best online betting sites accepting PayPal in India.