Bettors can also use their PayPal account to purchase gift cards or related products from any of a number of online merchants. They can then use the gift card to fund their sports wagering. Sports betting sites that offer PayPal will not charge you any processing fees when you deposit using PayPal and the service itself is free. However, you will have to pay PayPal fees when. The majority of online sports betting sites allow you to make deposits using your credit cards (Visa, MasterCard, AMEX), e-wallets (PayPal, Neteller, Skrill), and debit. As we move closer and closer to a fully digitized world, more and more online sports betting sites will accept cryptocurrency as a deposit method.
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.
Sports Betting Online Paypal In Usa
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.
PayPal FAQ
PayPal has steadily increased in popularity as a banking method for online sports betting as more states have legalized online sports betting. Only a handful of retail casinos accept PayPal deposits, but state-licensed online sportsbooks often use PayPal as a popular alternative to traditional credit and debit card deposits. PayPal is a widely trusted buffer between your bank account and online sports betting sites, and the site has invested millions of dollars in cybersecurity to avoid data breaches that have become all too common.
This page will cover everything you need to know about PayPal specifically as it relates to online sports betting. Key topics include the promotions and bonuses available for players using PayPal to fund their online sports betting, the legality of sports betting with PayPal, betting types available for PayPal users, and more. PayPal is on the forefront of the personal banking revolution and is one of the most recognizable brands in the world, so it is important that all bettors understand how they can make the best possible use of PayPal as a betting tool.
The Legality Of PayPal Sports Betting Sites
The legality of PayPal sports betting sites comes with a bit of an interesting story. PayPal was one of the first ewallet services to fill the needs of US sports bettors that were using online offshore sportsbooks. However, shortly after the company was bought out by eBay, PayPal was targeted by a federal investigation for processing payments to unregulated sports betting sites. They were forced to pay a fine of up to $10 million dollars in 2002 and after that PayPal ceased handling any transactions with offshore sites that accept U.S. players.
But, now that the federal landscape for US sports betting has changed, PayPal sports betting sites are alive and well. The many online and mobile sportsbook apps in New Jersey and Nevada all use PayPal as a means to accept deposits and handle withdrawals. PayPal will only handle sportsbook transactions for websites that are licensed and regulated in the territory of which they are operating. That is why Nevada and New Jersey are the main two states that have sports betting sites with PayPal.
Betting On Super Bowl 55 In Florida
Super Bowl 55
Sunday, February 7th, 6:30 EST
Kansas City Chiefs
vs.
Tampa Bay Buccaneers
Using PayPal to bet on the Super Bowl comes with some restrictions. Generally, the sportsbooks that accept PayPal are going to be located offshore, with a couple exceptions. Sportsbooks in New Jersey and New York currently accept Paypal, while most other state sanctioned books require the usage of more direct forms of payment.
This is not a problem, however. The offshore sportsbooks are perhaps the best online sportsbooks around, and they have some of the most competitive and enticing odds for SB LV. Indeed, the prop betting selection on the offshore books will far exceed the state sanctioned books due to how the sports betting laws are worded in each state. Basically, if you use PayPal, you have access to the best books around – the safe and secure offshore sportsbooks.
How PayPal Sports Betting Sites Work
If you’re trying to figure out how PayPal sports betting sites work, you have to first sign up and make an account with PayPal. Doing so will require many of the basic bits of information you use for any online service. This means putting in your basic personal information such as name and address, as well as some sort of banking information in order to fund your account. You cannot use someone else’s account if you’re trying to deposit into your PayPal sportsbook. If you choose to use a credit or debit card to fund your PayPal account you will be charged 2.9%. While this may seem like an inconvenience, the added protection of your money is worth it.
In order to collect your winnings from a PayPal sports betting site, you will have to have made your deposit with PayPal. The methods in which you collect your earnings can be through an electronic check or a check by mail. PayPal even has a debit card that can be used at an ATM if you are trying to receive cash. Withdrawals can be a little slower than other competing ewallets, but the reputation of PayPal in the online payment industry speaks for itself.
Betting Markets + Wager Types At PayPal Sportsbooks
PayPal sportsbooks have all types of betting options. Because sportsbooks that use PayPal are mainly found in Nevada and New Jersey, you’ll be able to access moneyline, spreads, totals, futures, props, and other types of bets. The one betting market that you may not be able to find if you’re using a PayPal sports betting site in New Jersey are bets on NJ-based college sports teams or college sporting events taking place in NJ. That is not because of a rule instilled by PayPal, but rather it is one of the sports betting laws in that state. Sports betting sites with PayPal in most other states don’t have to worry about this rule. However, using Paypal to bet on the Super Bowl and other major events is never an issue. Here are some of the common betting markets at PayPal sportsbooks:
| Football | Basketball | Baseball |
| Hockey | Soccer | Tennis |
| Golf |
Bonuses At PayPal Sportsbooks
Bonuses that are offered at PayPal sportsbooks are pretty similar across the board. If you live in New Jersey or have visited there you have most likely downloaded the DraftKings, FanDuel, or 888sport mobile sports wagering app. Each of these sports betting sites use PayPal. First-time users of DraftKings are eligible for a 50% deposit match bonus that’s worth up to $500 dollars. New sportsbook customers for FanDuel are also eligible for a $500 risk-free bet on the first wager they place on the site. The 888sport welcome bonus is almost identical to the one offered by DraftKings. Each of these promotions are based on sportsbook deposit bonuses and depositing to a PayPal sportsbook is extremely easy once you’ve made an account
Live Betting At PayPal Sports Betting Sites
Live betting at PayPal sports betting sites is arguably the most fun way to bet on sports. Period. Live betting, in general, allows you to place bets on events that are happening within a game as the game is playing out in real-time. Odds are updated constantly so you have to make quick and decisive choices for these betting lines. This also requires that you are able to make deposits into your account quickly. If you’re using a PayPal sports betting site then you will have this opportunity because payment processing through the service is instant and seamless. In order to get NFL betting online with Paypal, be sure that your account is set up beforehand just in case you need to make additional deposits while live bets are still up for grabs.
Online Sports Betting In California
Customer Service At PayPal Sportsbooks
Of course, specific customer service options will depend on the PayPal sports betting site that you are using. You will most likely have the option to reach out by telephone, email, or live chat. Agents will be available to answer questions about your account, wagering options, banking inquiries, and just about any other issue that might arise. Of course, if its a concern related to your PayPal account specifically, reaching out to the company directly is also an option. Aside from the number listed below, there is also a web form in their Resolution Center.
Betting Sites Online
Telephone: 1 (888) 221-1161
Do Any US Internet Sportsbooks Accept Paypal?
Yes! There are sports betting sites in New Jersey and Nevada that will accept Paypal as a method of payment. All other internet sportsbooks that accept Paypal will be offshore websites.
Does PayPal Prohibit Any Types Of Gambling?
PayPal has no restrictions when the internet sportsbook has been approved to use their services. All other sites that try and use them as a form of payment without approval are prohibited from doing so. This means that all types of gambling, sports betting included is not allowed.
At What Age Can You Use PayPal At A Sportsbook?
PayPal has no age restrictions when it comes to using their services. They fall in line with the legal gambling ages within the state you reside in. If you are using an offshore sports betting site and your state has a legal age of 18 as the internet sites do, then you only need to be 18 years of age to use Paypal as your preferred method of payment.
Can I Use Paypal For Fantasy Sports?
While PayPal is most popularly known for legal sportsbook deposits, it can also be used for fantasy sports. These fantasy sports include fantasy football, basketball, baseball, and any other sport that has offerings the major DFS sites. Any winnings from fantasy sports contests can also be distributed back through PayPal making it a safe, secure, and relatively fast payment method for fantasy football games and the like.