Betting Sites Using Paypal
PayPal is one of the most popular ways to deposit and withdraw at online betting sites. The easiest way to deposit to a bookmaker, casino or poker room by PayPal is through an existing balance. This can be received through a transfer from a friend or a sale over the internet at an auction site such as eBay.
Find out which sports betting sites accept PayPal in the US in 2020. Get a full list of legal US sportsbooks where you can deposit and withdraw with PayPal! At PayPal-friendly gambling sites you’ll find popular North American sports leagues like NFL, MLB, NHL, and NBA. You’ll also be able to bet on college sports like NCAA football and basketball. The majority of.
There are several other ways to fund a PayPal account. An instant electronic check may be drawn directly from a bank account. Large transfers are available through bank wires. European bettors may also use a credit or debit card, including the PayPal Extras Mastercard. Players in the US may not use a credit or debit card to fund an account at a regulated poker or casino site.
Paypal betting sites & sports betting apps
If you’re in New Jersey, Pennsylvania, Indiana or West Virginia and you want to use PayPal to bet on sports, you’re in luck. A number of online sports betting apps and sites use PayPal
PayPal betting FAQ
Can I use PayPal on betting sites?
It depends on where you are. PayPal only allows deposits to sites that are fully licensed in their resident jurisdictions.
So, residents and visitors to Nevada and New Jersey can use PayPal because those states allow PayPal as an option. Similarly, countries outside the US can elect to allow PayPal as a payment method for their online gaming sites.
However, in unlicensed areas, such as most of the states in the US, PayPal cannot be used on betting sites.
Can you buy Bitcoin with PayPal?
No. PayPal does not allow users to purchase Bitcoin or other cryptocurrencies at this time.
Are there fees associated with using PayPal at online betting sites?
Online betting sites do not charge a fee to deposit with PayPal. PayPal charges 2.9% to deposit using a credit card or debit card. There is no fee to use an existing PayPal balance or an electronic funds transfer from a bank account.
Can you deposit using PayPal if you don’t have a PayPal account?
Players must create an account with PayPal to use it as a deposit method. It is a quick and simple process that only takes a few minutes.
Can you use a family member or friends account to deposit via PayPal?
No. A PayPal account used to deposit at a betting site must belong to the account holder.
Why don’t I see PayPal as a withdrawal method?
PayPal will appear as a withdrawal option once a successful deposit using the method is made.
How do I withdraw from PayPal?
PayPal withdrawal options include electronic check and check by mail. PayPal has a debit card that may be used at any retailer that accepts credit cards. It can also be used to withdraw cash from an ATM.
Are there any online casinos that accept PayPal?
Yes. Within in the US, some online casinos in Nevada and New Jersey accept PayPal.
Outside the US, several countries accept PayPal as a deposit and withdrawal method. Please check each casino website’s frequently asked questions for more specific details about banking methods at that site.
Is PayPal a safe way to deposit at betting sites?
Yes. PayPal is just as safe as using any other ewallet. It is safer than using a bank account directly as it provides an additional layer of security between the betting site and the player’s financial information.
What are the advantages and disadvantages of using PayPal?
PayPal offers instant deposits. Credit cards, debit cards, and electronic bank transfers are among the deposit options. Players can also use PayPal for traditional purchases and eBay sales, making it more useful than some of its competitors. PayPal balances can also be created by receiving a transfer from a friend or business. The main disadvantage of PayPal is that there are deposit fees associated with credit card deposits. Withdrawals can be slower than other ewallets.
What countries are allowed to use PayPal?
PayPal is available for betting sites in Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Sweden, and the UK. Nevada and New Jersey players may use PayPal for online gaming deposits in the US. PayPal is also a deposit method for horse racing sites in the United States.
Why can’t US players deposit at a betting site using PayPal?
PayPal only permits gambling transactions in jurisdictions where it is licensed. That is why it is available in Europe. Countries license online betting sites. Nevada and New Jersey online gambling sites are also permitted to use PayPal as a payment option. The online sports betting sites available to players outside of Nevada are not licensed. They are located offshore. PayPal refuses to do business with those sites.
Didn’t PayPal once process payments for offshore sites?
Yes. PayPal was once the main ewallet for offshore gaming sites that accepted US players. This included poker, casino, and sports betting. The company processed these payments from 2000 until November 2002. PayPal paid a $10 million fine to the US government for these transactions in a civil action.
Why do DraftKings and FanDuel accept PayPal?
DraftKings and FanDuel are daily fantasy sports sites. These businesses are considered to be skill gaming under most state laws. PayPal’s legal opinion is that processing payments for FanDuel and DraftKings are legal in all jurisdictions that it operates.
Can you use PayPal on bet365?
Yes. Many countries that host bet365 allow players to make deposits and withdrawals with PayPal
Can you use PayPal on 888?
Yes. When you are about to deposit you will be directed to a PayPal login page. Simply enter your email and PayPal password to access your account.
Does betway accept PayPal?
Yes. betway does permit PayPal as one of its banking methods. However, it may be necessary to open a PayPal account specific to the country in which one’s betway account resides.
History of PayPal in online betting
PayPal was the first major ewallet on the Internet. It allowed individuals the ability to send money to a company or another person. It became the most popular way to purchase an item on Ebay. It was also the top choice for online gambling sites that accepted Americans, although it was a trivial amount of PayPal’s total business.
Online gambling transactions accounted for about eight percent of PayPal’s entire processing business in 2002. PayPal had little business outside North America at the time. That has changed drastically and PayPal is now an international company that processes payments in over 100 countries.
eBay acquired PayPal in 2002. The company has since split and became two different companies in 2015.
eBay purchases PayPal
PayPal stopped processing online gambling payments almost immediately after the 2002 merger. This left the US online gaming market with a massive void. Firepay and Neteller quickly came to the rescue. Both of these companies ran into legal trouble in 2006 and 2007, respectively.
The combined company became the target of a federal investigation into its online gambling payment processing in 2002, even though PayPal was an independent company when the alleged transactions took place. The company agreed to pay a $10 million civil settlement to dispose of the case in US Court in the Eastern District of Missouri. The amount was estimated to equal the amount of profit PayPal made during the two years it processed online gambling payments.
PayPal returns to online betting
PayPal stayed out of the online betting business until 2009. That is when the company decided to start processing payments again for the online gaming industry. The difference is this time around, the sites PayPal did business within the sector were fully legal and licensed in the jurisdictions where PayPal processed payments. This generally meant that the United Kingdom was the only country where PayPal was available as a deposit and withdrawal option.
Betfair was the first online betting site to use PayPal in Europe. Maybe not coincidentally, Betfair never accepted US players for any of its offerings, even before the Unlawful Internet Gambling Enforcement Act went into effect in 2006. Before that time, virtually every online gambling site accepted US players.
Betfair is known as a betting exchange. It differs from a typical betting shop as it allows players to set buy and sell prices similar to a commodities or stock market. Betfair takes a percentage of the win. This gave PayPal a unique entry into a complicated industry.
It was not long before other UK sportsbooks got approved by PayPal to use it for payment processing. Bet365, Ladbrokes and William Hill were among the companies selected to expand PayPal’s European online gaming business. Other online gaming companies that accept PayPal include 888, bwin, PartyPoker and Paddy Power. PayPal continued to only permit its use for online gaming purposes in countries where the activity is specifically legal and licensed.
Bet365, Ladbrokes and William Hill are among the strongest online gaming brands in the world. Each specializes in sports betting with online poker rooms and casinos falling secondary to the main business. All three started out as live betting shops throughout the UK. Each started to move its business to the Internet in the mid-2000’s during the online gaming boom. Bet365 sold its bricks-and-mortar betting shops in 2005. Ladbrokes and William Hill continue to operate them, lending even more credibility to the online business.
PayPal continued to operate its eBay and person-to-person business in the US. This included payment processing for traditional online businesses. It also permitted some uses within the skill gaming sector. This includes Worldwinner, a skill-based site owned by GSN. Worldwinner also processed payments to less traditional skill gaming sites that include Gamesgrid’s backgammon games and duplicate card games like spades, bridge and poker. Duplicate cards deal all players the same cards and score based on the difference in points between the participants.
PayPal enters daily fantasy payment processing
The next big move in the US for PayPal was daily fantasy sports. The contests are believed to fall under skill game laws in as many as 45 states, although there is some debate about the exact number where it is legal. Nonetheless, PayPal processes deposits and withdrawals for all sites in all states where daily fantasy companies operate.
New Jersey, the next step for PayPal
The next step for PayPal in the online gambling industry came in 2015. That is when PayPal and Caesars Interactive Entertainment started processing online poker and casino payments for WSOP.com and Nevada and New Jersey, as well as 888, Harrah’s Casino and Caesars Casino.
PayPal continues to be the largest ewallet in the world. Its movement back into the online betting industry helped it compete with Neteller and Skrill in Europe. Becoming a processor for big names like Betfair, Bet365, Ladbrokes and William Hill helped give it brand awareness in other countries where it may not otherwise have received the attention from players.
PayPal is a pioneer online payment method founded back in 1998. Since eBay purchased it in 2002, it has focused on providing users with safe and fast money transaction options. PayPal has since become the perfect tool for not only buying on eBay and other retailers but also for funding betting accounts and collecting your winnings. It can store funds, move them quickly and safely and without disclosing your bank info, and as such, it has earned an excellent reputation among punters.
Punters from Canada and around the world are using PayPal for betting due to its reliability, quickness, and how easy you can operate it. In this article, I will show you how to use PayPal for betting in Canada, as well as:
- What sites accept PayPal
- How to make PayPal for online betting — making deposits and withdrawals with PayPal
- What the advantages and disadvantages of using PayPal for betting are
- Is PayPal secure and what are the fees
Read on to find out more about PayPal betting in Canada.
Recommended Canadian PayPal Sports Betting Sites
CAD 250 | 5/5 |
2 | CAD 200 |
CAD 200 | 4.9/5 |
4 | CAD 500 |
CAD 2500 | 4.9/5 |
6 | CAD 125 |
CAD 200 | 4.8/5 |
8 | CAD 200 |
CAD 500 | 4/5 |
10 | CAD 2500 |
Why Use PayPal for Online Betting
Contents
- How to Use PayPal for Online Betting
- Pros and Cons
PayPal entered the online betting and casino markets as a payment method in 2009, perhaps a bit later than other methods known to Canadians, such as Skrill and Neteller. However, it has been a running e-Wallet for much longer. Countless transactions that occur on PayPal everyday vouch for its ubiquitous use and potential. Partnering with eBay has only added to its stability and security.
As a bettor, security, stability, and how fast the transactions are completed are essential features, and PayPal has not failed. They have six layers of preventive and protection measures in their practice: they monitor all transactions 24/7, resolve any disputes, employ the latest encryption technology, fraud protection and data security, as well as global member protection.
With PayPal, bettors will have access to many of the deposit bonuses online betting sites offer to new users. Online betting sites in Canada bolster the use of PayPal, as with it, they know their players are protected and can move the funds quickly. The usual form of deposit bonuses used is the deposit match bonus. With the first deposit you make via PayPal, the betting site will match it in bonus funds up to a certain sum so that you can maximize on your deposit.
Also, PayPal was made for the digital world. You can access it through both desktop and mobile devices, making it ever so convenient to transfer funds to and fro your betting account, no matter where you are.
Furthermore, with PayPal, you won’t need to disclose your bank and private data to the betting site as all transactions are done through PayPal, and thus your credit card numbers won’t appear anywhere in the betting sites records.
How to Use PayPal for Online Betting
Betting with PayPal starts by setting up a PayPal account first. There are two types of accounts that PayPal offers: personal and business accounts. The personal account is used for your everyday payments, including betting, while the business one is reserved for e-commerce and business. The entire process is done in a few simple steps.
Setting Up a PayPal Account
- Signing up to PayPal is free of charge, just click on the “Sign Up” button and follow the next steps.
- Now, you need to choose the type of account and provide personal info, such as an email address, and choose your password.
- Next up is linking your credit/debit account to your PayPal account. PayPal links your bank account to your PayPal account, so you don’t need to provide any banking details to the betting site you are playing at.
After you have filled in the banking info and linked the credit/debit card to your PayPal, a small deposit will be made into your account, which will effectively complete the process and prepare you for making deposits and withdrawals in betting sites. Don’t worry. The deposited money will be refunded to your account after a couple of days. Refer to the YouTube link before for a video presentation of the entire process.
Funding Your PayPal Account
Before I show you how to deposit in online bookies, you must first make sure your PayPal account is topped up. You can fund your PayPal account in two ways: through your bank account or PayPal Cash Service. If you go with the bank transfer, you will be requested to choose the bank account as the source of the funds, choose the amount you want to transfer, and then click ‘Add’.
For the PayPal Cash service, you will select the local vendor associated with PayPal. Then, generate the barcode in your PayPal app, show it to the retailer along with giving it your cash, and see your account replenished in 15 minutes. This type of funding the account comes with a small fee.
How to Deposit in Online Betting Sites Using PayPal
After you have completed the PayPal registration and signed in to the preferred betting site, it is time to make your first deposit. To deposit money, first you need to log in with your username and password. Then go to the ‘Cashier’ section that is usually located in the lobby of the betting site and marked with a shopping cart symbol. Select ‘Deposit’ and see a list of all available payment methods.
If PayPal doesn’t come up at first, check if there is a ‘More Deposit Methods’ link that will lead you to the remaining deposit methods available. After you have clicked on the PayPal option, select the amount you wish to deposit. At that point, you will be redirected to your PayPal account where you will need to login and verify the transaction.
After you have completed all the steps, your funds should be transferred to your betting account in a matter of seconds.
Depositing funds to a betting account using PayPal usually incurs no fees and is instantaneous, which is why so many Canadian punters and bookies endorse it.
How to Withdraw Winnings from Online Betting Sites Using PayPal
One of the major strengths of PayPal is that most of the betting sites that accept PayPal deposits also work the other way around and will facilitate withdrawals as well. To make a withdrawal from your betting account, you need to choose PayPal from the list of options. Type in how much you want to withdraw and then submit your PayPal account data to complete the request.
In case of the very first withdraw using PayPal, your online bookie might ask for some additional info. This information is a part of the ‘Know Your Customer’ policy and requires players to divulge specific personal information such as:
- Personal ID or Passport copy
- Bank Statement
- Utility Bill
- Payslip
Security and Fees
One of PayPal’s famed characteristics is the security protocol they employ to ensure every single transaction is entirely safe. Every payment is encrypted with the latest encryption methods and firewalls, restricting the intrusion from any unwanted third parties. Also, by depositing and withdrawing with PayPal, you won’t have to provide bank info to bookies, already making you a tad safer just by using PayPal.
As far as fees are concerned, there are no fees for deposits in betting sites, but there are for withdrawals. Every time you want to withdraw funds from your PayPal account or to your PayPal account from the betting site, there is usually a 3,4% commission rate. However, specific bookies have distinct fees, so you need to check those first.
Pros and Cons
The advantages and disadvantages of using PayPal for online betting in Canada are:
Pros:
- Reliability. PayPal has been in the business for over 20 years and has completed millions of transactions
- Security. With top-notch encryption, all your transactions are kept safe at all times
- All deposits are instant
- PayPal Mobile Apps are functional and intuitive
- The majority of online betting sites accepts PayPal
- Unlike payment methods such as MasterCard and Pay by Phone, PayPal is a complete payment method. You can use it not only to make deposits, but also to withdraw winnings.
- None of the Canada-facing online sports betting sites we recommend charge you for using PayPal as your preferred banking method.
Cons:
- Withdrawals using PayPal come with a fee.
- Foreign currency conversion fees also apply.
Canadian Online Sportsbooks that Accept PayPal
We at Betting.ca have taken the trouble of researching a wide range of Canada-facing online sportsbooks to identify the ones that support PayPal. So you don’t have to search for PayPal online sportsbooks on your own. If you want to pay through PayPal, first create a PayPal account and then select any of the online sports betting sites recommended here.
To start using PayPal at the above mentioned sites, claim free bets, and bet on your favourite sports events, you only have to register now.
A vast majority of people, who use the internet to make purchases or sell things on sites such as eBay, will have a PayPal account.
This is a web wallet type account where they can use the funds in that account to make payments online instantly and securely, whilst also receiving payments for things which they may have sold online.
Due to a PayPal account being an ideal way for you to send or receive payments online, then this payment option is now available at a number of online betting sites, who will let you fund your betting account whilst also being able to withdraw any winnings from your betting account back to your PayPal account.
There are usually no fees associated with sending money to an online betting site nor are there usually any fees charged for receiving winnings from a betting site for the betting sites usually pick up all fees. However when you top up your PayPal account with a debit or credit card you may be charged a small percentage of the amount you put into your account using any of these methods.
Betting Sites that Accept PayPal
Please be aware that not everyone is permitted to use their PayPal account to fund their online betting accounts, as there are some very strict rules in place by PayPal regarding which of their customers, residing in which countries can use their Paypal accounts as a way of funding or receiving winnings to or from a betting site.
So please check through the PayPal terms and conditions to see if you are living in a country they permit such transactions from, and if you are then checkout the following betting sites for all of them will flip you a special free bet or bonus when you start to gamble at their respective betting site!
Conclusion
PayPal is a reliable and fast e-Wallet which services are used by more than 200 million people worldwide. With top-of-the-line security and a range of options, PayPal is particularly attractive to punters who want to see their money in safe hands and quickly available in their betting accounts, which is something PayPal has been doing with outstanding success. What are your experiences with PayPal and betting? I would love to hear your opinion, so please, post your thoughts and comments below.