PayPal is a convenient deposit method for me. I don't have to enter my bank or card details at the sports bookie; I log in to PayPal and pay. Looking at the statistics, it’s no surprise that I'm among the 7 million PayPal users in Australia.
Australia's sports bookmakers and horse racing sites now accept PayPal deposits for betting on various sports.
Before you start at the bookies online and bet on horse racing using PayPal in Australia, you need to set up a PayPal account (if you don't have one).
Why Use PayPal?
- It's free to use.
- Instant payment online.
- No waiting period.
- It can be used on mobile as PayPal has its app.
- Moreover, it is safe and secure.
Six PayPal Horse Racing Bookies in Australia
Before you join the bookies, you have to open a PayPal account to make a deposit.
- Setting up your PayPal account takes only a few minutes.
- Go to https://www.paypal.com/au/home
- Click on the Sign Up button in the top right corner.
- Select your country, language, and account type, individual or business.
- Fill in all the details.
- Click Agree and Create Account.
- Once the account is created, you need to verify it, and you will receive a verification code to complete the verification process.
- You're now done and ready to make a deposit.
1. Ladbrokes
- A betting site suitable for horse racing.
- PayPal is used for deposits and withdrawals.
- This instant deposit requires no fees.
- The minimum deposit is $20, and the maximum limit is $12,500 per transaction.
- For withdrawals, enter your PayPal email address and desired withdrawal amount. Select 'Withdraw Funds.'
- Note that you must already have registered a PayPal account via a deposit to use this withdrawal method.
2. Sportsbet
- The sportsbook releases odds earlier than all other bookies.
- It distinguishes itself by providing a great range of promotions.
- Navigate to the Deposit tab in My Account. Select PayPal, Deposit Amount, and click Deposit Now.
- Log in to PayPal and follow the prompts to finalise payment.
- The minimum deposit is $10, and the maximum is $1000.
- The minimum withdrawal allowed depends on the payment method you use.
3. Neds
- The daily bonuses are only one of the highlights of this new and modern betting website.
- PayPal allows you to deposit funds to your Neds account without providing your bank account or card details.
- Deposits can be made instantly to your Neds account.
- The minimum Neds deposit is $5 for the majority of methods.
- To make a withdrawal request, your identity and any cards used on your account must be verified.
- The minimum withdrawal amount is $10.
4. Unibet
- Weekly Racing Cash Boosts are the most interesting promotions that keep the bettors returning to this platform.
- You can quickly and securely deposit using a credit or debit card, your PayPal account, or POLi.
- Go to My Account and select "Deposit" to view all available methods.
- You will also see any fees applicable and transaction times for each deposit method available.
- It is a minimum of $10 across the board at Unibet for all deposit methods.
- Withdrawals from Unibet can be made to your credit card or bank account.
- It typically takes anywhere from 24 to 48 hours to hit your account, depending on your institution.
5. Swiftbet
- This online site offers punters competitive odds on all major racing and sports markets.
- It is licensed by Racing Victoria Limited and is approved by the Victorian Gambling and Casino Control Commission.
- To place bets on horse races and sports, you can add a credit or debit card to your account and pay by PayPal.
6. Palmer Bet
- This racing and sports bookie also allows PayPal deposits.
- The minimum deposit is $10.
- Select PayPal as your deposit method.
- Connect your PayPal account.
- Select your preferred PayPal payment method.
- Finally, you will receive either a ‘deposit successful’ or ‘deposit unsuccessful’ message.
What Are the Deposit and Withdrawal Limits?
When depositing funds into your online bookie account, most sportsbooks apply certain limits. Expect to find limits to your PayPal deposits similar to the following:
- Per transaction: $1,500 per day
- Per day: $5,000
- Per month: $40,000
The withdrawal limits applied are a lot simpler. With PayPal, you can withdraw as much as $40,000 per transaction between the casino and your e-wallet account. Expect approximately 48 hours of processing time for the withdrawal, and you can access your money instantly once approved.
Final Thoughts
Depositing with PayPal was a simple process at these bookies. I tried with $10, and the bet slip was generated simultaneously for one of my racing events.
It was very convenient and fast. PayPal mobile is a simple yet efficient app that lets you manage your funds on the go.
FAQs
Is PayPal legal to use in Australia?
Yes, PayPal is legal to use in Australia. Many Australian bookies allow PayPal deposits and withdrawals for horse racing and sports betting.
How much is the minimum deposit?
The minimum deposit is $10.
What if I don't have a PayPal account?
You will either have to create and open a PayPal account or make a deposit using other methods.
What are the other alternatives to deposit at Australian bookies?
The other alternatives for depositing at Australian bookies include BPAY, Credit and Debit Cards, EFT, and Pay by Bank with Wave.
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