Outside of the even more traditional options - Visa, MasterCard and cash, PayPal is one of the most recognisable payment methods on our list.

It was created by Elon Musk back in 1998 and has since been the go-to online payment system for online transactions.

With so many benefits attached to using it, which we’ll discuss on this page, it's no wonder so many of the top bookies have adopted it as an option for making deposits and withdrawals on their sites.

The process of making a purchase online differs somewhat from making a purchase in person - you're limited to a credit or debit card since cash and cheques are out of the question.

That's where the convenience of PayPal comes in, allowing you to shop online safely without giving out your credit card details to each merchant. Instead, you'll provide your payment information to PayPal, and they'll handle it from there.

It was created by Elon Musk back in 1998 and has since been the go-to online payment system for online transactions.

When it comes to online payment methods, PayPal is often considered to be among the safest and most established.

As a result, you can use it to make payments to any online bookmakers that accept it for transactions.

One of the most trusted methods of online payment processing is PayPal. Data encryption technology is used to safeguard all PayPal transactions. To further ensure the security of the platform for merchants, PayPal has implemented many measures to deter fraudulent activity.

There are no fees associated with creating a PayPal account and you will never be charged a fee for making a deposit into your betting account.

There won’t be any fees when you try to make a withdrawal, either.

There isn’t any kind of exclusivity when it comes to PayPal. All Australians have access to it, so as long as the betting site you want to use accepts it, there really is no reason to sleep on it.

Here are our favourite PayPal-accepting betting sites in Australia:

Ladbrokes first launched in Australia in 2013, and it didn't take long for it to become one of the most popular in the country. While the already-strong reputation of the brand certainly helped, there are many other factors at play as well.

The Neds team has developed a robust system that is both speedy and safe, with an easy-to-navigate interface that frees up time that might be spent betting on sports markets rather than looking for them.

Unibet Australia is committed to offering a pleasant gambling experience for Australian residents by employing a team of locals that are well-versed in the local betting culture and are available around the clock to answer player questions and process withdrawal requests.

Betfair's dedication to so many types of betting without sacrificing quality is nothing short of remarkable. It's accessible to both newcomers and seasoned veterans, has round-the-clock support from friendly agents and cutting-edge tools, and offers attractive promotions to its registered customers.

In addition to its extensive racing and sports betting markets, Betr provides its customers with a variety of convenient deposit and withdrawal options, including PayPal, and a helpful, knowledgeable support staff to answer any questions that may arise.

Palmerbet's extensive promotions and other bonuses contribute to some of the best odds and deals in the industry. Customers of Palmerbet can discover a good selection of popular sports to gamble on, in addition to all three racing codes.

Bet365 is widely recognised as a leading global sports betting platform, renowned for its comprehensive range of pre-match and live betting options across a vast array of racing and sports markets.

PlayUp, a renowned betting platform, has been granted legal authorization to accept bets on various sports and racing events in multiple countries worldwide. These countries include Australia, New Zealand, India, and the United States.

In Australia, they have achieved remarkable success as the leading provider of Daily Fantasy Sports, gaining widespread recognition.

If you make a payment using PayPal and the bookmaker then claims they never received it, PayPal will reimburse you.

Secure transactions are maintained by using TLS and HTTPS connections, pinning keys in mobile applications, and adhering to PCI standards. Data encryption is a must in the modern age.

Accounts are assessed and transactions are tracked in real-time to thwart any fraudulent activity or payments.

The exact method you use to make a deposit into your betting account with PayPal will depend on which PayPal betting site you choose to register with.

Usually, it will be just a case of selecting PayPal as your deposit method, signing into PayPal and then authorising PayPal to send the funds.