Looking for Trusted PayPal Bookmakers? Full Guide!
Looking for trusted PayPal bookmakers? PayPal is a globally recognized payment method, the oldest of the e-wallets. And here in India, PayPal is well known and well used. But you’re not going to be able to use PayPal for betting in India because PayPal doesn’t allow Indian players to use PayPal for betting. You’ll find that you cannot use the best betting sites with PayPal in India and will not find either online casinos or sports betting sites with PayPal.
But how did this situation come about? Why can’t you use the best betting sites with PayPal from here in India? That’s something we’ll explain here in this guide to casino sites and online bookmaker with PayPal, along with the nature of betting here in India, the basics of PayPal, and what alternative methods are available instead of using bookmakers with PayPal.
Indian betting restrictions mean that PayPal actively blocks players using it for betting. That’s why you can’t access even the best betting sites with PayPal in India. However, the actual process of depositing and withdrawing with PayPal is actually very simple – but bear in mind that, if you’re registering properly with PayPal India, you will not be able to use even the best betting sites with PayPal in India – this is merely the principle of what needs doing, for illustration purposes.
- Step 1 –
Set up and verify your PayPal account with email, personal details and a strong password. You will need to add a credit/debit card or link a bank account to add money to your PayPal account for the verification process.
- Step 2
– Set up your account at PayPal bookmakers. At some point, you will usually need to verify the account.
- Step 3
– To make your first deposit with PayPal – go into the banking section, choose PayPal and enter the deposit amount.
- Step 4
– You will be taken to PayPal’s site to sign in with your PayPal email and password to confirm the transaction. At this point, you’ll be taken back to the casino site which will show your deposit immediately in your account.
However, in India, this simply is not possible officially as PayPal does not allow Indian accounts to make betting transactions through its service.
Deposit Timescales for PayPal Deposits and Withdrawals
With other payment methods, we’re all well used to deposit times being instant and withdrawals taking the standard 3-5 working days. The great thing about PayPal bookmakers is that those deposits are instant, but withdrawals to PayPal are way faster than most withdrawal methods – yet another reason why it’s such a shame that we can’t use any online bookmaker with PayPal here. PayPal aims to get your withdrawal to you within 24-48 hours, but in our experience, we’ve found that the actual time can be as little as an hour.
All You Need to Know About Paypal Verification
Obviously, as PayPal operates in India for online payments you can certainly open a PayPal account and verify that account. What you cannot do, as you’re going to find no bookmakers with PayPal available to you in India, is use that PayPal account at any betting site.
You must verify your PayPal account on sign-up by confirming your email address. This allows you to link your bank account or add a debit/credit card to your PayPal account. PayPal makes a small charge to your payment method that has a 4-digit code attached to it on your statement. This 4-digit code must be entered on the PayPal verification page to confirm the payment method and reverse the charge.
Verifying at PayPal bookmakers is simpler, taking place usually either on sign-up, on the first deposit, or on first withdrawal. You will need to upload proof of identity (such as a government-issued photo ID) and possibly proof of residence and address (such as a utility bill).
A Quick Look at the Historic Rise of PayPal
PayPal launched its in-country Indian operations in 2018, but this is a company whose history actually dates back to its founding, as the Confinity company in the USA, in 1998. Confinity USA launched the PayPal digital wallet in 1999 and was renamed as the PayPal company in 2001.
PayPal grew rapidly from that point with various tech company acquisitions. The key moment in PayPal’s history came in 2002 when it was acquired by the fledgling eBay and became the default payment service for this global marketplace. In 2014, eBay split PayPal off into a separate company. Today, PayPal dominates the global online market as a leading e-wallet, including in betting markets. However, PayPal carefully works with the country’s betting laws and in countries such as India, this means that PayPal will simply not allow any online bookmaker to operate with PayPal in India.
Alternative Payment Methods to PayPal for Online Betting
As we’ve said already, PayPal in India simply does not allow its Indian customers to use even the best betting sites with PayPal in India. In fact, they’ve gone further than this and are, seemingly, actively withdrawing their services from many global betting brands. Again, we’re going to cover the reasons for the lack of any major online bookmaker with PayPal in many parts of the world in depth further on in this article. But effectively, for those of us wanting to use online betting sites in India, PayPal is pretty much useless to us.
Because of India’s betting laws, any online betting has to be at offshore casinos based outside India. This creates not just problems with using an online bookmaker with PayPal but with using an online bookmaker with debit cards, credit cards, and even bank transfers through the Indian banking system as well. Whilst you find that online bookmakers with PayPal simply cannot be used by Indian PayPal users, those of us trying to use our Indian banking or credit card accounts will find that our betting transactions frequently fail. For more on this, see our guides to Indian betting payment, online bookmakers with credit cards, and the
best betting sites with bank transfer in India.
This is why many Indian players choose to use one of the non-PayPal e-wallets as a convenient bridge between bank accounts and credit cards and the offshore betting site. For more on how these work, see our extensive guides to
online bookmaker with Neteller
and
best betting sites with ecoPayz in India.
We’ve also seen an upsurge in Indian players wishing to use the new breed of
online bookmaker with Bitcoins. Again, this effectively circumvents any issues with India’s restrictive gambling laws as Bitcoin and other cryptocurrencies are designed to not be tied to the financial regulations of any country.
The Most Popular Deposit Methods for Indian Gamblers
The problem for bettors in India is that every online bookmaker with PayPal is based outside the country and PayPal India simply does not allow bettors from India to use the service.
So this means that the most popular betting methods in India are the ones that allow bettors to find betting sites and payment methods that will accept their betting. You won’t find sports betting sites with PayPal available to you, but you may well find the same site accepts deposits and withdrawals through other e-wallets such as Skrill or Neteller.
PayPal Top Questions – Everything You Wanted to Know & More!
Using online bookmakers with PayPal is simple and easy for bettors based outside India. Sadly, online bookmakers with PayPal will not service Indian customers as PayPal will not allow Indian users to bet with PayPal. What does this all mean for you and where do you stand legally? Here are our top 5 answers to your most common questions.
Is it legal to use PayPal in India?
Yes, it is completely legal. However, due to India’s betting laws, PayPal will not allow the product to be used for betting.
Is it legal for Indian players to bet with PayPal at foreign betting sites?
Yes, it is legal to bet abroad, although it is a grey area – see our detailed section below.
Can I use Rupees at foreign casinos?
Yes, you can and because of Indian laws regarding foreign currency exchange, we recommend you do. Sites such as Betway, LeoVegas, bet365, Royal Panda accept Rupees – however, none of these sites offer PayPal for Indian customers.
What licences are best and safest with foreign betting sites?
Yes, you can and because of Indian laws regarding foreign currency exchange, we recommend you do. Sites such as Betway, LeoVegas, bet365, Royal Panda accept Rupees – however, none of these sites offer PayPal for Indian customers.
Why can I not use an online bookmaker with PayPal in India?
Because gambling in Indian is heavily regulated and PayPal strictly follows rules to do with gambling in any country it is active in, you cannot use even the best betting sites with PayPal in India.
A Quick Look at Indian Gambling Rules
The problem with using an online bookmaker with PayPal is all down to PayPal strictly adhering to laws in place in India. Here, we’re going to explain just why you can’t use even the best betting sites with PayPal when in India.
Legal status of betting online and using PayPal Bookmakers in India
Gambling in person in India is restricted, except for lotteries and horse racing, through the Public Gambling Act of 1867. India still has no definitive legal position regulating gambling online – The Information Technology Act (2000) fails to legislate or mention online gambling, whilst the Federal Information Technology Act (2011) allows blocking of foreign websites and has been used to prevent access to some foreign betting sites. Finally, the Foreign Exchange Management Act (FEMA) of 1999 governs the exchange of foreign currencies which includes the prohibition of deposits to foreign betting sites in currencies other than Rupees.
So, how do the Indian laws on gambling affect your betting with PayPal bookmakers?
Because the law relating to online betting sites is completely unclear, Indian players can technically legally bet with foreign online betting sites. This is why major betting sites welcome Indian players and a small number offer Rupees as a currency. However, unless you are betting in Rupees, the FEMA law (technically) applies to any currency conversions using these sites.
Blocks on payment methods 1 – Government and financial authority crackdown
Because the Indian government is attempting to crack down on online betting, the government and Reserve Bank of India (RBI) actively block transactions using banks and credit cards to online betting sites.
Blocks on payment methods 2 – PayPal blocking betting
In 2010, the RBI also began actively blocking PayPal through the Payment and Settlement Systems Act (2007). When the block was lifted, PayPal agreed to comply with RBI policies and put blocks on any Indian PayPal user being able to bet online outside India using PayPal. Simply put, you cannot use PayPal at any betting site, even the best betting sites with PayPal in India.
E-wallet solution for Indian players
With PayPal and debit/credit cards being blocked from use, the best way to bet with foreign PayPal bookmakers is by using an alternative e-wallet – Skrill, Neteller, and ecoPayz are the most popular. Importantly, e-wallets allow players to fund a betting account in Rupees, potentially avoiding legal issues around the FEMA laws.
Conclusion – Check Out the Top Alternatives to PayPal in India
PayPal is a great payment method – instant deposits, speedy withdrawals, convenience. But none of that matters to Indian players as PayPal cannot be used at online betting sites. Even the best betting sites with PayPal are blocked in India. It’s a disappointment of course, but there are other payment methods available to you. Since betting at foreign sites is a grey area in Indian law, there are alternatives for Indian players. The best solution is to use an e-wallet such as Neteller, Skrill, or ecoPayz. Since these e-wallets allow payments to be carried out in Rupees, this also removes the risk of infringing the FEMA laws. You could also use one of the various cryptocurrency options available.
So, although it is not possible to use the best betting sites with PayPal if in India, there are alternatives available to you as an Indian bettor. Why not take a look at our
Skrill betting sites
guide?
1.
Spin Palace Sports Bonus
100% up to 20000₹
Highlights
- 100% deposit match bonus
- Great live betting section available
- Over 70 sports available
2.
b-Bets Sports Bonus
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Highlights
- Welcome bonus of up to €100
- Excellent live betting
- Impressive customer support
3.
24Bettle Sports Bonus
100% up to 100€
Highlights
- Terrific selection of sports betting markets
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- Generous sports betting bonuses
4.
Casumo Sports Bonus
100% up to 10000₹
Highlights
- Generous ₹50,000 welcome bonus
- Super-competitive odds
- Live betting options available
5.
Betway Sports Bonus
100% up to $60
Highlights
- Fantastic 100% deposit bonus
- First class sports betting odds
- Excellent live betting experience
