Best PayPal Betting Sites
PayPal is one of the OG companies to take advantage of the internet. Since its inception, it has grown to be the biggest online payment platform in the world. PayPal is fast, convenient, and widely used in the United States for making all kinds of payments. One place where it is enjoying much success is the online betting scene.
Today, many sportsbooks accept PayPal deposits and withdrawals. This makes it the preferred payment method for many sports bettors, who enjoy making all kinds of bets at the best PayPal betting sites.
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Caesars is a big name in the online betting scene. It’s operated by the William Hill brand alongside a couple of other online casinos. Overall, Caesars is an excellent sportsbook with competitive odds across all sporting events. It offers fast and easy PayPal deposits. New users also get a bet match for deposits of up to $1001.
BetMGM is another top-rated sportsbook that accepts PayPal deposits and withdrawals. Once you load your betting account, you can wager on various events using competitive odds. There are also bonuses, with new users enjoying a risk-free bet worth up to $1000.
BetRivers has some really good odds. The sportsbook covers a wide range of sports, from hockey, baseball, and tennis, to soccer, football, basketball, and golf. You also get a variety of bets that you can fund quickly and conveniently via PayPal. As for new users, you get a $250 match bonus on your first deposit.
FanDuel comes with a package that sports bettors appreciate. You get various bet types for all major sports; moneylines, futures, spreads, and totals. The odds are competitive across all offerings. Furthermore, new users get a risk-free bet of up to $1,000 for their first wager. You can make your first deposit for this via PayPal.
DraftKings is another one of the best PayPal betting sites. Here, you can fund wagers on all major sports using PayPal as your payment method. DraftKings will give you a bonus of up to $1000 for your first deposit. You’ll use this to make different bet types using more competitive odds than those in most sportsbooks.
How we rate PayPal Betting Sites
Several things make a PayPal betting site a good platform for gambling. These include;
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.
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.
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.
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 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
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.
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.
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.
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.
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.
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.
Yes. Many sportsbooks support PayPal for deposits and withdrawals. So as long as the sportsbook is legal, you can use your PayPal account for betting.
Most online betting sites in the United States take PayPal. Thus, you don’t have to spend much time researching sportsbooks. Our favorite PayPal betting sites are DraftKings, Caesars, BetMGM, BetRivers, FanDuel, and SugarHouse.
Yes, you can. Once you get your winnings in your PayPal account, you can transfer them to your bank account.
No. You want to use PayPal in jurisdictions where online betting is regulated. The payment is typically available on licensed sports betting sites. Therefore, if the offshore sportsbook doesn’t have permission to operate in the US, you cannot use PayPal.
Yes, you will.