Last Updated: 10 May 2022, Author: AceOdds.com
Don’t have a Paddy Power account yet? Don’t worry because the setup and verification process, when done right, is instantaneous. Follow this guide for a hassle-free setup. However, do note that in some cases, Paddy Power may request you to provide identification as part of the account verification process.
Paddy Power always has several promotions available to new and existing customers. Here at AceOdds, we’re always looking for new offers, including this new customer signup offer which gives you up to £50 in free sports bets when you deposit £10 into your account.
Remember that bet credits are there for spending and cannot be withdrawn as cash, as with all bookmakers. However, you can withdraw any winnings from bets placed using those credits.
This article will review how Paddy Power allows you to deposit funds into your account. Whether you’re new to online betting or have been with Paddy Power for a while, it’s good to know all the available options.
Once your Paddy Power account has been successfully verified, you’ll be taken to a deposit screen. The first option presented to you is to deposit funds via Debit Card. However, Paddy Power also allows you to deposit funds into your account via Paysafecard, Skrill, Neteller, Bank Transfer, Much Better, Cash, Rapid Transfer and PayPal.
Direct Debit may well be the default and quite probably preferred by many. However, depositing money into your Paddy Power account isn’t just about your preferred payment method. Deposit limits and Paddy Power withdrawal time varies with each payment method, and you may need to change how you add money to your account, depending on your specific needs.
Like many other online betting companies, Paddy Power operates a closed-loop policy as part of set regulations. This means that when you withdraw any winnings, you’ll need to do so via the same method you deposited the funds. However, you only have to withdraw the exact amount you deposited via the deposit method. This must withdrawal must be done before you’ll be permitted to withdraw via any other way.
For example, if you deposited £100 via PayPal and won £1000, you’d have to withdraw at least £100 back to your PayPal account. You would then be able to withdraw the remaining £900 via another method.
Debit Card, Visa, MasterCard, Maestro, Electron
|1 - 5 Banking Day(s)||£5.00||-||Free|
Minimum of £5 with no specified maximum.
If you plan to deposit funds via debit card, whether Maestro, Mastercard or Visa, there’s a speedy way. The green Deposit icon takes you straight to the debit card deposit section, allowing you to add a new card if necessary.
Paddy Power does not charge any fees for adding funds to your account via Debit Card and will absorb any fees issued by your bank. Once cleared, the transaction will appear on your statement as PP Online.
Funds deposited in person at a Paddy Power shop via the Paddy Power Cash Card and online. Available in your Paddy Power account balance, instantly.
Unlike an actual cash deposit, what you get with this is a Paddy Power Cash Card. You can request these online from your Paddy Power account. Alternatively, you can pop into a Paddy Power shop and request it.
This card is a prepaid card that you can withdraw your winnings from. Whatever balance is on the card can be used for online purchases and withdrawals at ATMs.
Maximum instant deposit of £9,999,999 and a minimum of £1. Skip the second stage confirmation.
Does PayPal need an introduction? As the world's most well-known eWallet, it’s trusted by many as an easy way to send and receive payments. When you read on, you’ll see some definite pros for using PayPal as your chosen eWallet.
Paddy Power allows you to skip secondary authentication with PayPal altogether, which is a definite time-saver. By clicking on the toggle and confirming the PayPal Billing Agreement, you won’t be asked to verify the payment with PayPal. Think about whether this is right for you since there is a very high transfer limit, and the two-step verification process is a commonly used security feature.
Transfer a minimum of £5, and a maximum of £37,500 to your Paddy Power account, instantly, with no delay or transfer fees.
Neteller is a digital money transfer service popular with individuals, merchants and overseas traders. However, the account isn’t open to everyone. Head over to their website to see if you're eligible for an account.
If you have an account with Neteller, after the first time you use it as a payment method, Paddy Power will store your ID for future use, and you won’t be able to change it.
Deposit from £5 to £1000 into your Paddy Power account, instantly.
If you’re not familiar with the Paysafecard account, then read on. Essentially, it functions similarly to a credit card, but you add vouchers to it instead of receiving a monthly bill to pay a growing balance. You can buy these vouchers from Recharge and make your deposit from your available balance.
With a £1000 limit, it may not be suitable for bigger bettors or those part of a syndicate, but it will work just fine for smaller amounts.
Paysafecard payments are limited to the following countries: Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Finland, Germany, Hungary, Ireland, Latvia, Luxembourg, Malta, Poland, Slovakia, Slovenia, Sweden, Switzerland and the UK.
Funds take 1 - 5 days to be available in your Paddy Power account. Maximum transfer amount of £10,000.
With other online betting sites, Bank Transfers often offer you the highest transfer amount. However, this is not the case with Paddy Power, which provides higher transfer amounts with Skrill, Neteller, PayPal and Much Better.
However, this could work if you don’t need the funds to land in your Paddy Power account straight away. The main appeal of the Bank Transfer payment method is the piece of mind it gives you. Since you have to set up the transfer from your bank account, no other platform or ‘middle man’ is involved.
Deposit a minimum amount of £5 into your Paddy Power Account. Funds appear instantly!
If you use an iPhone or other Apple Products you’ll already have a payment card attached to your Apple Pay account. Great for when you’re on the go or using a Paddy Power app. Unlike other online betting platforms, such as Bet365, you can use Apple Pay on your Mac desktop.
No need to leave Paddy Power to approve payment. Minimum deposit of £10 and a maximum of £4000.
Rapid Transfer is an eWallet owned by Skrill. However, unlike Skrill, when you use Rapid Transfer, there’s no need to leave the Paddy Power website to approve the payment. The clue is in the name, speeding up the process and taking an additional layer of security out of the equation, which will be why the limit is £4000, as opposed to the £37,500 limit set by Skrill.
Still, if you love the ease of using eWallets to make your payments and don’t need a high limit, it’s a great alternative to the Debit Card.
Operates in 120 countries, processing 40 different currencies. Transfer a minimum of £5, and a maximum of £37,500 to your Paddy Power account, instantly.
Skrill is a lesser-known eWallet and not one that all online betting companies accept. However, it’s excellent for those wanting to transfer large sums into your Paddy Power account.
As with all eWallets, Skrill acts as a secondary link between the Debit Card you've registered with it and Paddy Power, and there are no fees associated with the transactions. You'll need to already have an account with Skrill before selecting this as your payment method.
After inputting your email used for your Skrill account the first time, it will be remembered by Paddy Power for future use, and you won’t be able to change it without contacting support.
In some areas of the Paddy Power website, you’ll see Debit Cards and Credit Cards grouped. However, per UK and Irish legislation, Paddy Power does not accept credit card deposits or withdrawals like all online betting platforms.
Paddy Power also does not currently offer Google Pay as an option, unlike competitors such as Betway, Boylesports and Bwin.
Click into My Account and select Deposit Funds as below.
With Paddy Power, Debit Card payments are the first method visible, so from here, it’s simply a case of selecting the amount you wish to enter and adding your card details to your Paddy Power account.
The name registered with your Paddy Power account will automatically transfer here. If there are any variations between the name on the card you wish to use and your Paddy Power account name, you can click on Edit. Other than that, just add all the required details and you’re good to go.
If you need to use one of the alternative payment methods mentioned in this article, then follow the steps to deposit into your account and select Alternative Methods. From this point you’ll be able to select which of the payment methods available you want to use and follow the steps detailed by Paddy Power to make your deposit.
Paddy Power may want your custom, but they are also committed to safer gambling, making it easy for you to set self-imposed deposit limits and betting restrictions. You’ll be prompted to set these when opening your account, but you can change or add them at any time.
As you can see from the image below, with Paddy Power, there’s a link to their Safer Gambling section, which contains information about the options available. Still, the most direct approach to accessing this section is from My Account.
When you click on My Account, a dropdown list will appear, and you then select Safer Gambling Tools.
From this page, you’ll see whatever deposit limit you may have already set and, from that limit, how much you have left. From here, you can edit or create that limit.
There are several ways in which Paddy Power encourages you to adopt safer gambling. These include Loss Limit, which restricts you, not based on how much you deposit, but on how much you lose; particularly helpful for anyone with an unlucky streak.
The Reality Check feature is ideal for those who love to play Paddy Power’s online games. You can set your reality check from 10 minutes to 3 hours, and you’ll get an alert from Paddy Power in that time frame, checking whether it’s a good time for you to stop playing.
You can also Take a Break where you can prevent yourself from placing bets from as little as 24 hours up to 30 days.
The Self Exclusion feature is a longer-term measure, allowing you to stop yourself from all games, all products or virtuals, from 6 months, up to five years, or even permanently.
This article outlines multiple options available to you, making it quick, easy, and efficient to deposit funds into your Paddy Power account. That’s why it’s important to gamble responsibly, setting limits within your account to ensure you’re always betting within your means.
To spend less and get more, use the Paddy Power Signup Code and take advantage of their promotional offers for new and existing customers.
Some details on your card, such as CVC and expiry date, can be edited. However, your card nickname, the name registered on your card, and the card number cannot be changed if saved incorrectly.
You can edit your card in the My Account section.
If your card expired but the number has stayed the same, you can edit these details. To add a new card, you would have to follow the process of adding a new payment method within your account and select the correct card as your new/preferred payment method.
You can remove old cards from this section as well.
Although an improvement on the CashCard+, you can have the cashCard+ and the Play Card. You can deposit and withdraw from your available balance in Paddy Power with the Play Card. You can also use this card for online transactions and get rewards.
The CashCard+ is a prepaid card supported by Mastercard, giving you instant access to your Paddy Power balance and winnings. You can use it anywhere that accepts Mastercard.
Net Deposits take a view of a chosen payment method, such as a debit card, and compare how much you’ve deposited and withdrawn on that card. If you’ve deposited more than you’ve withdrawn via that method, it’s calculated as positive Net Deposits.
If you’ve withdrawn more than you’ve deposited to that payment source (i.e. spent more than you’ve received), it’s considered a negative Net Deposit.
If a payment is declined, it has been done so by the source of those funds, not Paddy Power. There are many reasons a payment may be declined, and you should contact your bank for further information.
Any money deposited into your account and not used to place a bet will remain in your account and be withdrawable. Any part of your account balance made up of Bet Credits cannot be withdrawn.