Betting Sites Using Paypal
Best PayPal Betting Sites We selected the best PayPal betting site for USA and Canada. We are also introducing the best PayPal bonuses, lowest fees, and fastest transactions. BetOnline – The Best. New Customers opt in and bet £5 at odds 2.00+ within 7 days of registration; excludes cashed out bets. Get 2x £10 Free Bets for set events (odds 2.00+) + £10, Slots Bonus, selected games, 20x wagering to withdraw max £250. Gambling-related ventures –PayPal may also prohibit transactions for the following ventures related to gambling: Gambling services, such as handicapping, or providing gambling tips or instructions.
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.
PayPal FAQ
PayPal is one of the world’s most popular online payment processors, allowing users to transfer money to each other, make purchases at millions of websites, and storing money. All of these features also make PayPal betting the perfect tool for online gambling, especially in the UK.
Since just about everyone has a PayPal account and knows how to use it, betting with PayPal is a fast, simple, and trusted way to get started with online sports betting.
Our expert guide to PayPal betting sites will show you everything you need to know including:
Uk Betting Sites That Accept Paypal
PayPal Betting Bonuses
PayPal betting sites are always excited to get new punters. As part of their efforts to attract new members, they offer bonuses for new players that make it even easier to come away a winner.
By taking advantage of these promotions, smart bettors can increase their profits and get more value for every PayPal deposit. We help you find the biggest and most valuable bonuses so that you can get the most value out of the PayPal betting sites that you choose to play on.
These bonus offers can come in many different forms. One of the most common promotional formats is a straight matching bonus. In this promotion, you’ll be given additional funds to use based on the amount you deposit. For instance, a 100% matching bonus would mean that if you deposited £500, you would receive £500 in bonus money to use on the site.
Is It Safe to Use PayPal for UK Betting Sites?
PayPal betting sites are among the safest gambling websites in the world. When you deposit via PayPal, you’ll know that your deposit is protected by the same protocols as any other transaction using the service.
That includes the fact that your bank account or credit card information will never be transmitted to the PayPal bookmaker: only your account data is used for each deposit or withdrawal you make.
In addition, the PayPal betting sites we recommend use state of the art encryption and security systems to ensure that any sensitive information is protected at all times. These are the same protocols that are utilised by major financial institutions.
We also stand behind every PayPal betting site that we put on our recommended list. Our team of experts has ensured that you can trust each of the PayPal sports betting sites we recommend to you.
The Advantages of Using PayPal for Online Betting
While there are pros and cons of PayPal betting, overall we think that PayPal betting sites are some of the best options available for people who want to bet online. PayPal is a flexible option for bettors, allowing you to both deposit and withdraw funds at a moment’s notice. You only have to enter your account details once and then you are able to access your funds instantly.
Csgo Betting Sites That Accept Paypal
As mentioned above, another reason many sports bettors use PayPal is because of the reputation for security the company has. PayPal is trusted by companies and individuals a like and is responsible for securely transferring billions of dollars each year.
As a company, PayPal only makes itself available in jurisdictions where there is strict gambling licensing. For you, that means that if you can use a PayPal bookmaker, you know that they have a licence. That guarantees the site you are playing at has followed strict protocol that includes site security, data protection and fairness.
PayPal also provides flexibility, which is something all online bettors appreciate. You may have found better odds at an alternative site or need to move your cash from one card to another. If you use PayPal, that is easy to do.
If you want to start placing your bets right now, choose our top-rated PayPal sports betting site and see exactly why it earned our highest recommendation.
How to Use PayPal for Online Sports Betting
Before you get started, it’s important to understand how to use PayPal for gambling. First, you’ll need to sign up for an account at one of our recommended PayPal betting websites.
Visit the bookmaker’s website and sign up for a free account. This can usually be done in a matter of moments. Just provide some basic information about yourself and choose your login details, and you’ll be good to go.
Creating a PayPal account – Joining PayPal is simple and quick. It can be done in a matter of minutes. All you have to do is head to the PayPal website, create an account, add some details such as your name and email, link to a credit or debit card then verify your email. After you’ve completed these simple steps, you’re ready to deposit.
Deposit with PayPal – Before you can start betting with PayPal, you’ll need to make a deposit. To do so, first find the cashier section on the betting site. There, you will see a list of deposit options, including PayPal.
Once you choose PayPal, you’ll need to specify how much you want to deposit. At that point, you’ll then be taken to your PayPal account, where you’ll need to log in and verify the details of your transaction. Once you’ve done so, your funds should be transmitted to your betting account in a matter of moments, allowing you to bet with PayPal.
PayPal Withdrawals – One of the best parts about online betting with PayPal is the fact that you can also withdraw funds through this method. Once you’re ready to cash out your winnings, you can choose PayPal from the list of withdrawal options available. Let the bookmaker know how much you wish to remove from your account and provide your PayPal account data, then submit your request.
Be aware that the first time you withdraw winnings from a PayPal betting website, you’ll may need to complete some “know your customer” steps before your cash out will be processed. This may mean that you will have to provide some specific information to the bookmaker, including one or more of the following:
- Birth Certificate
- Bank Statement
- Payslip
- Photo Identification
- Utility Bill
Don’t worry – this is a normal part of the withdrawal process at licensed PayPal betting sites. It is there to protect you as a player. Imagine how difficult it would be for a fraudster to withdraw your winnings if they were asked to provide that information.
PayPal Fees – Many of our users also wonder about PayPal deposit fees. Generally speaking, most bookmakers will cover these fees on deposits. However, it is possible that you will have to pay a fee imposed by PayPal itself if you choose to withdraw using this method.
Do All UK Betting Sites Accept PayPal?
PayPal betting sites aren’t quite as common as bookmakers who accept other deposit options like credit cards, but there are still plenty of options for those who want to deposit via PayPal. This is especially true in the for punters in the UK, where you can choose from a wide range of UK bookmakers that accept PayPal.
This is because of PayPal’s own policies, which only allow the service to be used for betting on licensed sites in areas where strong regulation of gambling exists.
PayPal betting sites aren’t exactly rare, but it’s still important to be sure that a bookie accepts this deposit option before you sign up for an account.
Which Countries Accept Online Betting with PayPal?
PayPal is available to use on betting websites in the following countries:
- UK
- Austria
- Belgium
- Denmark
- Finland
- France
- Greece
- Ireland
- Italy
- Portugal
- Spain
- Sweden
In all of the listed countries, online sports betting is well regulated by national law, and in many cases has been established for many years.
PayPal may be branching out into new countries soon, depending on legislation. If you are interested in using a PayPal betting site in a country that’s not on this list, it’s worth checking with them directly.
US Sportsbooks with PayPal
In the US, only people in states that have fully licensed online gambling are able to bet with PayPal. With current legislation, that means you can only use sportsbooks with PayPal in Nevada or New Jersey.
It’s the same story no matter where you are in the world. If online gambling is legal and licensed then you can use PayPal. However, if it’s not, PayPal sports betting won’t be an option.
Alternatives to Online Betting with PayPal
- Debit/Credit Card – Still one of the most popular ways to fund betting accounts. Debit and credit cards are accepted by nearly all online betting sites, especially major ones.
- Skrill – Skrill is another e-wallet that is popular amongst online sports bettors. Like all e-wallets, Skrill provides users with convenience and security which is particularly important when betting online.
- Neteller – Along with PayPal and Skrill, Neteller is a commonly used e-wallet. Many sports bettors use Neteller to fund their accounts because it makes it easy to move money to and from different accounts.
- Cryptocurrency – Cryptocurrencies are becoming increasingly more common as payment methods, and online betting is no exception. The biggest cryptocurrencies and most like to be found at online betting sites are Bitcoin, Ethereum and Ripple.
How we Compare PayPal Betting Sites
We understand how important it is for you to find the best possible PayPal betting sites, which is why we take the time to review every PayPal bookmaker. To determine which bookies make the grade, we take into consideration a number of different factors. Our criteria includes:
- Bonuses and Promotions: What kinds of bonuses are available for our users? Are there any special bonuses available for betting with PayPal?
- Betting Options: How many different sports and competitions does the bookmaker offer? Do they support in-play betting? Do they offer a variety of betting markets and novelty options?
- Security: Does the site follow industry-standard procedures to make sure your data and your transactions are protected? Is the bookmaker licensed by a trusted regulator?
- Customer Service: Can you contact customer support 24/7? Are they available by live chat and other methods? Is the service team courteous, knowledgeable, and professional?
- Odds: How do the odds and payouts compare to other bookmakers? Are there any sports or specials on which punters can get better odds than normal?
All of these factors are considered before we recommend PayPal betting sites to you. The result is our recommended PayPal bookmaker listed above.
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Frequently Asked Questions
One of the biggest advantages of betting with PayPal is the fact that this e-wallet can be used for both deposits and withdrawals. PayPal is an excellent method for cashing out your winnings, as you can then either transfer that money to your bank account or hold it in your PayPal account for use at other betting sites in the future.
Unfortunately, not all betting sites are able to offer betting with PayPal. This is due to PayPal’s own regulations, which do not allow the service to be used except in cases where they have agreed to work with a betting site that is licenced in a regulated jurisdiction such as the UK. Thankfully, that still leaves plenty of great PayPal sports betting websites for you to choose from if you live in an area where betting with PayPal is supported.
PayPal bookmakers are some of the safest betting sites on the internet. Because of PayPal’s own policies, only the most trusted sites with effective oversight can accept deposits and withdrawals through their service. You can also rely on our expert reviews to make sure you only choose the best PayPal sports betting sites to play at.
In almost all cases, betting sites will not charge you any PayPal deposit fees when you choose to use this funding method. In addition, most sites will also allow you to withdraw your winnings to PayPal without any added fees. However, be aware that PayPal itself does charge transaction costs that might be applied to your withdrawal and that these fees can vary depending on where you and the betting site are located.