Online Sports Betting Paypal

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. Why can’t US players deposit at a betting site using PayPal? 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. Accepted for online betting: PayPal is one of the most widely accepted e-wallet providers at US sportsbooks in 2020. Most legal sports betting websites in the US now allow PayPal payments as standard. You can also make mobile sportsbook transfers through the PayPal app. PayPal has been a popular choice for online betting sites for some time. This is because when you’re using this ewallet service, you’re guaranteed safety and speedy online transactions. Among other banking methods, US bettors also love using it for sports betting. PayPal is a trusted name in money-transfer services, and now that sports bettors can also use PayPal for all their online sports betting banking needs, putting money on your favorite players and teams just got that much more convenient.

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

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

Betting With PayPal – An Overview

Betting with PayPal is becoming ever more popular – and for lots of good reasons. In this article we willlist the best sites that make use of PayPal and why it should be your preferred option. We will also discuss the pros & cons, how you deposit & withdraw with PayPal plus a brief history about the company and how it entered the online betting market.

PayPal Bookies: Best Sites That Make Use of PayPal

The following is a list of sites hand picked by our experts for betting with PayPal:

• William Hill– If you enjoy betting on football games then William Hill is the best option. They also offer high limits when it comes to withdrawals.
• Ladbrokes – If you’re looking for regular betting promos then Ladbrokes is your choice. They also offer gamblers great odds when betting on football.
• 888sport– This is actually one of the most respected bookmakers today. The company has been in the business of sports betting for many years. Make sure to check out its payouts for football games. It is no less than impressive.
• Unibet – If you want a bookmaker with plenty of experience then Unibet is for you. It’s one of the most well-known in the UK, offering amazing football odds and top live streaming.
• Bet365 – As one of the biggest betting sites out there Bet365 offers a great range of markets. You will also find numerous promotions & special deals.
• 10Bet– 10bet is one of the betting sites investing a lot in football team’s and former player’s partnership. They have paired with Juventus and Drogba and they communicate this all over the site which offers a great mobile experience.
• Bwin – A great up and coming bookmaker that has lots of top offers and promotions. It’s perfect if you’re looking for a bookie that rewards you throughout the year.
• Mr. Play – One of the latest bookmakers joining the UK betting world with an impressive user experience. It’s definitely the best option if you want to try out a new betting site.
• MansionBet – This is brilliant in terms of variety of sports, and offers more than most of its competitors – even the bigger ones. It’s innovate, quick, safe and secure.

Why should you use PayPal for Online Betting?

We all know that PayPal is a relative newcomer to sports betting. There are others who have been at it much longer than PayPal has. Nevertheless, PayPal has been in the e-wallet industry for much longer. Now, you have to weigh the pros and cons of using this payment method (we’ll go over that in a little bit).

When you use PayPal’s service you are banking on its decades’ worth of experience. That’s a lot of experience when it comes to providing security for your money. Note that there are countless transactions that occur on the company’s servers on a daily basis.

It brings its security experience while working with eBay on the table, which is an added guarantee. On top of that, the company offers its clients 6 levels of precautionary measures to keep each transaction safe. That’s the level of security that your account will get.

What the company is doing is to simply take an entire suite of services that are already in operation and offer it to a different set and more specific group of customers. The level of security it offers makes it a pretty good option that you can switch to if you’re looking for an alternative to credit card deposits and bank wire transfers.

PayPal Services

It offers the following services: global member protection, secure encryption technology, dispute resolutions, 24/7 monitoring, fraud prevention, and personal data privacy. If you have used e-wallets before, then you might find its sports betting services to be quite familiar.

If your bookmaker allows the use of PayPal, then you can use it to top up your account, usually without any extra cost. Other than top-ups that are free of charge, you can also take advantage of a deposit bonus that you can claim after making a first-time deposit.

Note that this is only one of the many betting promotions that you can take advantage of from PayPal. Do be aware that transactions usually take 3 to 5 days to complete. Also, understand that there are usually no fees when you transfer money from your PayPal account to your bank account, but check with your bank to be sure – since some banks do charge.

How to Use PayPal to Withdraw/Deposit Money on an Online Bookmaker

To make deposits via PayPal, you still need to go to your bookmaker’s payment page or payment section. You should fill out any information if necessary. They will then ask you to enter the amount you want to deposit or withdraw in case you are making a withdrawal.

You will then be transferred to the PayPal page where you will have to log in to your account. You won’t do much on your PayPal account page since the only thing that you will have to do is to approve the transaction that you performed (i.e. withdrawal or deposit).

The process for receiving money will be almost the same. You will have to go to the payment section of your bookmaker’s website and select PayPal as your payment processor. You will then be required to enter the amount of you will be receiving (in some systems this step is no longer necessary since the amount will already be indicated) and then you will be required to enter your bookmaker password as an added security feature.

How to Deposit with PayPal – Step by Step

• Log in to your bookmaker account
• Go to the deposit page and choose PayPal as your payment option
• Enter the amount you would like to deposit and confirm
• Now you will be automatically redirected to your PayPal account where you will need to log in and authorize the payment (Note, if you don’t have an account you can now register one from the same page)
• Done!

How to Withdraw with PayPal – Step by Step

• Log in to your bookmaker account
• Go to the withdrawal page and choose PayPal as your preferred method
• Enter the amount you would like to withdraw and confirm
• Done! The money should be in your account within 48 hours

Linking Your Bank Account

What if you want to add cash to your PayPal account? There are two options available to you. The first one is through your bank account and the other option is through the PayPal cash service.

Note that before you can use your PayPal account for any type of transaction, you should link your account to your bank account. The process to link your bank account to your PayPal account will require a test withdrawal and deposit to and from your bank account.

Click “add money” link at the bottom of your PayPal account balance. You will then be asked to choose which bank account to use. You will then be required to enter the amount of funds you wish to add to your account and then you click “Add.”

To use the PayPal cash service you will then follow pretty much the same process. Now, instead of choosing a bank account you will select the local vendor that is associated with PayPal. You will then be given a special code or bar-code after requesting a deposit. Note that there will be a service for the cash transfer service which will vary from one vendor to another. Your PayPal account will then be credited immediately.

Security and Fees

Tight security is one of the main reasons why betting with PayPal continues to be the safest deposit and withdrawal method. This is primarily the reason why it has been so successful as an e-wallet service company. It offers top-notch security that has been tried and tested – which is one of the main reasons why the UK Gambling Commission continues to allow PayPal transactions.

This feature is quite attractive to bettors of course. It uses the latest technology, payments and other transactions are encrypted. Your financial and personal information will remain undisclosed throughout every transaction.

Note that making deposits on your PayPal account is absolutely free. The only time they will charge a fee is when you withdraw money for any transaction whether you’re betting for a sport or when you make a purchase online. This is where PayPal makes its money – it’s usually a 3.4% commission rate. Note that the rates change since transaction amounts vary and are classified according to tiers. Some tiers have lower commission rates, sometimes lower than 2.4%.

PayPal for Sports Betting: Pros and Cons

Best Online Sports Betting Paypal

Here are the advantages and disadvantages of betting with PayPal for sportsbook transactions. Let’s begin with the pros:

Pros

• Betting with PayPal is available for mobile transactions. That means you can top up your bookie account balance, make deposits, withdraw your winnings, and complete your other transactions using your mobile device.
• PayPal’s reliability as an e-wallet is pretty high. Many people consider it one of the world’s best if not the best.
• The company’s customer service is also top-notch. However, you should remember to call the customer service team during business hours. Other than that, you can send an email to their support centre. The response is usually prompt.
• It offers instant money transfers.
• Many popular and reliable bookmakers accept this form of payment.

Cons

• When betting with PayPal, they may charge you certain fees when you make your withdrawals. Some fees are charged by your bank and others may be charged by PayPal.
• Though not exactly a con, per se, all transactions when betting with PayPal are documented. That means the local financial authority in your country can review your betting activity, which can be a bad thing for some people.

History of PayPal

PayPal wasn’t always known by its current name. They were once known as Confinity. The company was founded in 1998. Back then it was a close-knit small enterprise. Nevertheless, it was able to gain the trust of its clients and became the top payment method on eBay.

Through the years PayPal underwent a lot of changes. During its first year in operations, it was only doing software development. The following year after its establishment, the company started offering money services.

Business was going great and then it merged with x.com, which was an online banking enterprise. In 2001 after the merger it changed the name of the new company to PayPal.

Things went quite well. Well, it went so good that eBay became interested in the company. PayPal was eventually acquired by eBay in 2002 for 1.5 billion dollars.

Online Sports Betting Using Paypal

PayPal only came into the online betting scene quite recently. Other e-wallets such as Neteller and Skrill, have been in the business for quite some time now but PayPal’s experience in the e-wallet business makes it a formidable competitor. In fact, a lot of sports betting pages nowadays accept PayPal as a mode of payment.

FAQ commonly asked questions about PayPal

Best Sports Betting Site

• Can I bet with PayPal?

  Yes, not only you can bet with PayPal but it is also suggested as one of the safest, quickest and simplest payment method for your betting transactions. In addition to this, some bookmakers also offer exclusive offers and promotions to those users choosing PayPal to make their deposits.

• Do all betting sites accept PayPal?

  Yes, most of the bookmakers allow transactions through PayPal. PayPal is used for all kinds of digital payments, 2019 projections show that roughly 50% of all digital payments will be executed through Paypal, making it the most common form of online payment.

• Is PayPal a safe payment option for sports betting?

  Yes, PayPal is considered one of the safest payment options for online transactions. Betting experts recommend using Paypal as payment method for online betting for multiple reasons with the most important being the fast processing times for withdrawals (up to 24 hours).

• Do any fees occur when betting with PayPal?

  No, no fees occur when betting with Paypal. Not only both deposits and withdrawals are free but also deposits are instant, and the withdrawal processing times are amongst the quickest; a withdrawal takes on average 3 hours to be processed, at most 24 hours.

• Can I still claim bonuses & free bets when I use PayPal?

  Yes, you can. There are no restrictions to promotions, bonuses and free bets while using Paypal as payment method as it happens with other forms of payment methods which are commonly known as e-wallets. The reason for this is that PayPal is a safe payment method for bookmakers as well.

• How long does it take to deposit money with PayPal to a betting site?

  Deposits with Paypal are instantly credited to your betting sites. Assuming your Paypal account is funded, a deposit to any of the betting sites requires seconds to be fully processed. This makes PayPal the most used form of digital payment around the globe.

• How long does it take to withdraw money with PayPal from a betting site?

  Paypal is one of the quickest payment methods for withdrawal processing times. It only takes up to 24 hours to see the funds available on your PayPal account. However researches show that on average a withdrawal done through PayPal only requires 3 hours to be processed.