Written by:
Paul Ricci
Fact checked by:
Alex Windsor
Updated:
March 7, 2024

PayPal Betting Sites Australia 2024

PayPal Betting Sites Australia

PayPal is the most widely used digital payment method in Australia — a reported 9.8 million Aussies, almost half of the population, used it in 2022.

This broad appeal, together with the convenience, safety, and brand reputation of the service, are among the leading reasons why many Australian punters favour online sportsbooks that allow them to make deposits and withdrawals with PayPal.

To make things easier for you and all other Aussie punters, we’ve compiled a list of the best PayPal betting sites in Australia. You’ll find comparisons and short reviews for the top minimum deposit Paypal sportsbooks, but we’ll also touch upon how PayPal works, how to use it for betting, and more.

What Is PayPal?

PayPal is a famous American online money transfer service available worldwide, including in Australia. During its two and a half decades on the market, the giant has spread to 200 countries and amassed more than 426 million active users, almost 10 million of which hail from Australia, where PayPal is the most popular digital payment system.

The brand has global recognition and an excellent reputation, deservedly so, as it’s known for offering fast and safe payments. Payments are instant, and so are deposits and withdrawals to bank accounts.

You can use PayPal to make payments throughout the web, including on sports betting sites. These transactions are secure and private, as you’re not required to use your bank account details, only your PayPal info. This separation of the two means you can fund your account on an online sports betting site without the transaction appearing on your bank statement.

Even though it has suffered hacks and breaches, the service is still one of the safest on the market, offering high encryption to all users and their funds.

PayPal is also easy to use, making it one of the best deposit methods and the preferred payment option in many online sports betting sites.

A regular PayPal account supports 25 currencies, including the most commonly used fiat currencies like the US Dollar, Swiss Franc, Euro, and, of course, Australian Dollar.

Best PayPal Sportsbooks AU

With over 40 betting sites in Australia, we had to dig deep to find the best ones for low stakes bettors. The main goal was to recommend only licensed betting sites that accept PayPal, but they also needed to have compelling features, a wide range of betting markets, high odds, and more.

📖Sportsbook💵Minimum PayPal deposit
bet365AU$50
BetfairAU$15
UnibetAU$20
PalmerbetAU$10
BlueBetAU$5
NedsAU$10
LadbrokesAU$10
SportsbetAU$5

Note that Australian betting sites are not allowed to have sign-up bonuses, so you won’t find these in our tables and reviews.

Top 5 PayPal AU Betting Sites

PayPal is massively popular in Australia, as it offers instant deposits and withdrawals to your bank account and speedy cashouts from sports betting sites. More than that, it keeps your bank details and money safe thanks to advanced encryption and safety measures. Let’s look at how all of that works on the top PayPal betting sites in Australia.

1.🥇bet365

bet365 is one of the most famous online bookmakers with an official presence in Australia. You get one of the broadest selections of sports and leagues in the business, with betting markets often coming with the highest odds in Australia.

In its effort to be the best PayPal betting site, bet365 supports PayPal for both deposits and withdrawals. You can thus altogether avoid the use of credit or debit cards to deposit money or cash out, but you’ll still need to provide a phone number and other personal details to register.

Outside of the slightly higher minimum deposit with PayPal, the other limits and conditions are not restrictive. Deposits are instant and free, and withdrawals are also free and processed within 24 hours, while the maximum withdrawal amount is AU$12,500.

✅Pros❌Cons
Free paymentsAU$50 PayPal minimum deposit
Instant deposits and fast cashouts
Highly competitive odds
Globally recognised brand

2.🥈Betfair

Betfair is among the top PayPal betting sites today, allowing users to bet on horse racing, greyhounds, football, and many other sports. Using the betting site is quick and easy, even though it’s primarily an exchange, where you don’t place traditional wagers but bet for or against specific outcomes without bookmaker margins. 

Even though the Australian market lacks proper bonuses, Betfair has still managed to offer exciting promotions that will keep you entertained for long periods.

The online sports betting site provides secure payment services through various options, including PayPal, which works for deposits and withdrawals. Both are free of charge, and cashouts are processed within 24 hours, while deposits are instant.

✅Pros❌Cons
Largest betting exchange in AustraliaNot a traditional betting site
Leading betting odds
Fast payouts
Extensive market coverage

3.🥉Unibet

If you want to use PayPal betting sites, it’s hard to go wrong with Unibet, another globally recognised brand in the online sports betting world. It has robust features like comprehensive live streaming and same game multi coverage, while the odds are often among the best in the industry.

You can find a lot of betting markets across numerous sports, including American football, Australian Rules, badminton, horse racing, ice hockey, and esports. The esports section is massive, with multiple events in games like Counter-Strike, League of Legends, Overwatch 2, Starcraft 2, and Valorant.

PayPal withdrawals are excellent as they are processed within 12 hours and completely free of charge. There’s no limit to how much you can cash out, while deposits are equally seamless and instantaneous.

✅Pros❌Cons
PayPal cashouts within 12 hoursWeak mobile app
No limit to PayPal withdrawals
Great live betting interface
Good esports betting section

4. Palmerbet

Palmerbet is a popular 100% Australian PayPal betting site. It’s also one of the few Aussie sports betting sites that accept PayPal deposits and withdrawals. You’ll find extensive sports coverage on Palmerbet and some interesting benefits like a sports multi-builder feature and competitive odds.

Palmerbet is excellent for fans of racing betting, and it features user-friendly mobile betting apps for both iOS and Android users.

PayPal is supported only for deposits, while withdrawals must go through a regular direct bank transfer or to a credit card. Deposits are instant, and the minimum amount is $10. Withdrawals are also fast, considering they go through traditional methods only — up to 48 hours for bank transfers and 2-3 business days for credit cards.

✅Pros❌Cons
100% AustralianPayPal only for deposits
Excellent racing betting coverage
Good range of betting markets
Reliable online bookmaker

5. BlueBet

BlueBet is one of the favourite sports betting sites among horse racing betting fans. It features excellent odds and comprehensive coverage of all major horse racing events. Naturally, you still get a good selection of betting markets and event coverage in other sports, including football, Australian Rules, Rugby Union, Rugby League, cricket, and more.

BlueBet has also recently started offering live streaming on various racing events in Australia, which you can experience on both desktop and mobile.

Both PayPal deposits and withdrawals are available. You can deposit as little as AU$5 and cash out from AU$10 onwards. Deposits are instant, and there are no daily limits or fees. As for withdrawals, they are processed twice daily, Monday to Friday.

✅Pros❌Cons
Low PayPal deposit amountsCould use more betting markets
Perfect for horse racing
High-quality betting app
Michael Sullivan backing

PayPal AU ​​Sportsbooks Compared

📖Sports betting site💵Minimum deposit💵Minimum withdrawal
bet365AU$50AU$20
BetfairAU$15AU$15
UnibetAU$20AU$0
PalmerbetAU$10N/A
BlueBetAU$5AU$10
NedsAU$10AU$10
LadbrokesAU$10AU$10
SportsbetAU$5AU$10

How to Sign Up for a PayPal Account

Signing up for a PayPal account is quick and easy. Here are the steps you need to follow:

  1. Visit the official PayPal website for Australians.
  2. Click the Sign Up button and choose the Personal account.
  3. Follow the steps and provide accurate details.
  4. Confirm your email address once the account is made.
  5. Connect your bank account and cards.

How to Make Payments Using PayPal?

Making payments online with PayPal is incredibly straightforward, as the online payment method was designed to be as easy to use as possible. Once you have an account ready and your bank account or cards connected, you can start making payments.

The process is essentially the same on all the best betting sites that accept PayPal. Here’s how it goes:

  1. Log into your sports betting account.
  2. Visit the Cashier section and go to the Deposit area.
  3. Find PayPal among the available payment methods and select it.
  4. Enter the amount you want to deposit.
  5. The site will transfer you to a PayPal page where you can log in.
  6. Review the payment and confirm it.

The money should reach your sportsbook account instantly, and you can start betting. Whenever you want to withdraw your winnings, the procedure you need to follow is this:

  1. Head over to the Withdraw section in your betting account.
  2. Choose PayPal as the method for cashing out.
  3. Enter the amount you want to withdraw.
  4. Review the transaction and confirm it.

You’ll likely receive the funds in a day or so, depending on how long the sports betting site takes to process PayPal withdrawals.

Bear in mind that some betting sites only allow PayPal deposits and not withdrawals, like in the case of Palmerbet. In that case, you will have to use a different cash-out method.

PayPal Fees & Processing Times

Most Australian online betting sites that accept PayPal let you make a deposit and withdraw for free with this method.

However, the payment service has other fees you need to consider. It’s best to fund your PayPal account with a bank transfer, as card transfers come with additional fees.

As for processing times, most sportsbooks strive to process cashout requests within a day or two. Once that’s done, the money will appear in your PayPal account. As for deposits, they are always instant with PayPal, no matter the betting site used.

Can You Claim Bonuses With PayPal?

No, you can’t, for the simple reason that sportsbook bonuses are not legal in Australia. The sites have promotions, but they are not in the form of standard bonuses that sports betting sites are known to offer in other regions. Due to this, there’s no way to claim a bonus with PayPal or any other payment method.

How We Rate PayPal Sportsbooks?

Rating betting sites that accept PayPal or any other gambling platform is about reviewing features and aspects ubiquitous across the industry. Ultimately, it boils down to rating each of these segments and choosing the sportsbooks with the best overall grade. As we are always transparent with our review process, here are the main criteria we look into:

Pros & Cons of PayPal Betting Sites

✅Pros❌Cons
Availability on legal betting sites onlyMany AU betting sites don’t support PayPal
Instant depositsPayPal charges various fees
Withdrawals usually within 24 hours
Reliable and trustworthy payment method
Some of the best security features
No need to share banking details with the betting site
User-friendliness

Betting Tips for PayPal Bettors

The first thing you should know about betting with the help of PayPal money transfers is that you can only use legal and licensed betting sites. PayPal is famously uninterested in offshore and unlicensed gambling platforms.

Besides that, you need to think about your bankroll. It should be a fixed monthly amount, one you are comfortable losing, as betting can quickly drain your bank account. Also, always bet with your brain, never with your emotions. And most of all, don’t go chasing your losses. If you’ve lost, it’s best to give up and make another bet on a different day.

Always research the teams and players you’re betting on, and follow the stats, news, and everything else that will help you make better and more informed predictions.

FAQs

  • What PayPal betting sites can you use in Australia?
    You can use several licensed betting sites in Australia that accept PayPal payments, including bet365, Betfair, Unibet, Palmerbet, and BlueBet.
  • Does bet365 accept PayPal?
    Yes, bet365 accepts PayPal for both deposits and withdrawals. Deposits are instant and free, while withdrawals are also free but need up to 24 hours to get processed.
  • Can I use PayPal on Betway?
    Betway is not legal in Australia. It has yet to obtain a licence from one of the country's provinces.
AUTHOR
Paul Ricci

Paul Ricci is a resident sports writer at Minimum Deposit Betting Sites, largely focusing on the US betting landscape. His main interests lie in football (both the US and the non-US variants) and in developing and writing low-stakes betting strategies.