Best PayPal Betting Sites

How we rate PayPal Betting Sites

Several things make a PayPal betting site a good platform for gambling. These include;

Odds

Odds tell you your potential winnings from a wager. The more competitive the odds, the more money you stand to win. Thus, sportsbooks with the most attractive betting odds get the most points when ranking PayPal betting sites.

Promos and bonuses

Promotions and bonuses do a lot of good for the betting experience on a particular platform. For instance, they cushion the risk and make betting easier. They also increase your potential winnings, making betting all the more worth it. As a result, the more generous the bonuses and more frequent the promotions, the higher we’ll rate an online betting platform.

Bet variety

Online sports betting is a huge world with different types of bettors. Some bettors prefer one sport and will make most of their bets within it. Sportsbooks know this. Thus, good PayPal betting sites accommodate all types of sports bettors by offering wagers on different sports. They will have bets for basketball, football, soccer, hockey, baseball, tennis, etc., so every sports fan will have a place on their platform. Furthermore, a top sportsbook offers different types of bets. You get the respective versions of moneylines, spreads, futures, totals, and parlay bets of your favorite sports.

Security

All the sportsbooks we recommend are licensed to operate in the United States. This means that they have been checked and confirmed to have the necessary security measures to protect their customer’s money and personal information.

Customer reviews

Customers often share their experiences on a sportsbook through reviews and ratings. If they had a good experience, they’ll give the sportsbook positive reviews. And if they had a poor experience, then expect negative reviews. Thus, customer reviews tell us about the betting experience on an online betting site. Naturally, the better the reviews, the higher we rate the sportsbook.

Depositing at Online Sportsbooks Using PayPal

If you already have a PayPal account:

• Open an account with your preferred sports betting site.
• Log into your betting account and navigate to the deposit menu.
• You’ll be prompted to select a deposit method. Choose PayPal and enter the deposit amount.
• Your sportsbook will redirect you to PayPal.
• Log into your PayPal account to initiate the transaction.

The funds should appear in your betting account within a few minutes. Note that PayPal deposits will be automatically funded by your wallet balance. But if you don’t have enough money in your eWallet, the deposit will be funded through your linked debit or credit card. In this case, PayPal will act as the middleman between your bank account and your betting account.

PayPal Withdrawals

Paypal is one of the few payment options supported for both deposits and withdrawals. To get your payout;

• Navigate to the ‘Cashier’ section of your betting account.
• Select withdrawal and choose PayPal as your preferred method.
• Confirm the transactions.

Funds should be credited to your PayPal account within 24 hours.

Benefits of Using PayPal at Online Gambling Sites

Wide Acceptance

PayPal is the most popular eWallet around. It has been in business for more than two decades and is accepted by many businesses and platforms. Thus, almost all online gambling sites you come across will have PayPal as a deposit/withdrawal option. This comes in handy, especially if your bank refuses to process transactions with gambling sites. Rather than open a new account with a different bank, you need only transfer funds to your PayPal account. You can then deposit to your betting account from your eWallet balance.

Speedy Transactions

PayPal transactions are fast. Deposits take a couple of minutes to reflect in your betting account. On the other hand, withdrawals are processed within a day. This is faster than other withdrawal options, which typically take several days to be completed.

Anonymity

PayPal acts as the middleman between your merchant and the sportsbook. Thus, you don’t have to provide your bank, credit, or debit card details to the bookie. Furthermore, deposits to gambling sites won’t reflect in your bank statement. This makes PayPal an excellent option for people who don’t want to share their bank details with a betting site.

Simplicity

Overall, PayPal is simple to use. Signing up to the platform is very easy; you need only your email to create an account. Making payments with PayPal is also very convenient. Once you select the option in your sportsbook, you’ll be automatically redirected to PayPal, where you only need to enter your password to complete the transaction.

Security

Payments between your PayPal account and a bookie are secure. For one, you don’t have to type in your bank details when making PayPal deposits. The platform also uses robust encryption software to protect transactions and employs a zealous fraud prevention team that flags any suspicious transactions.

PayPal Credit Cards

PayPal has its own range of prepaid, debit, and credit cards that you can use to make payments. 

Disadvantages of Using PayPal at Online Sports Betting Sites

Possible Transaction Charges

PayPal makes a profit by charging users a small transaction fee. So, while your online betting site may not charge you, expect PayPal to do so. It typically charges 1.9% to 3.5% of each transaction. There is also a fixed fee of between 5 and 49 cents.

Account Closure

PayPal is strict. Any breach of the service terms will get your account suspended or closed. Furthermore, if the anti-fraud team deems a transaction to be suspicious, they will close your account. Thus, you have to be very careful when using the platform.