Paypal Betting Sites
Sports bettors are always looking for cheap and secure ways to deposit money into online sportsbooks, PayPal the leading online e-wallet is one of the safest and quickest ways to move money around on the internet. While not available for sports bettors from all countries, PayPal is a great option for those who have it available. Unfortunately no US sportsbooks accept Paypal at this moment in time. We recommend checking out our page dedicated to the top US sports betting sites to find the best places to make real money sports bets in the USA.
Do online bookmakers accept PayPal?
Yes, a large number of online bookmakers do accept PayPal as a deposit method. Depending on your location, PayPal may be available for depositing. Americans will not be able to use PayPal for depositing into online sportsbooks, due to US laws restricting online gambling transactions.
Many, but not all European countries will be able to use PayPal for depositing. UK citizens can use PayPal for deposits and withdrawals if the online bookmaker offers it. Depending on the laws in each European country, the availability of PayPal for gambling deposits can vary wildly. Australian citizens can use PayPal to deposit as betting sports online in Australia is perfectly legal. If PayPal is your preferred method of depositing, check the laws in your country before funding your account.
Best Online Sportsbooks that Accept Paypal
Unfortunately, no US facing betting sites currently accept Paypal as a deposit method. The sites listed below all accept credit cards and various other account funding methods from players in the USA.
How do I fund my PayPal account and deposit into an online bookmaker?
Funding a PayPal account and depositing into an online bookmaker is a simple process. A simple visit to the PayPal website will allow you to make an account, from there you can deposit into PayPal by using a credit or debit card or by using transfer from your bank account. Once a PayPal account is created, a confirmation may be needed to transfer funds, this usually involves the user confirming small deposits amounts made by PayPal into their personal bank account.
Once you have funded your account, log into the online bookmaker’s website and choose the PayPal method of deposit. Once clicking deposit, you will transfer money from your PayPal account to your sportsbook account. The funds should be available instantly.
Withdrawing funds is just as simple as depositing. Simply request a cashout to your PayPal account from your sportsbook account. Online sportsbook PayPal cashouts are usually processed quickly, in most cases the money will be back in your PayPal account within 24 hours.
Does PayPal charge a fee for transferring money into an online bookmaker?
Depending on how the account was funded, PayPal may charge a fee to the sender. If the sender funds the account using their bank account, there is no fee. If the sender funds their PayPal account using a debit or credit card, 2.9% of the total transaction is assessed and must be paid by the sender or receiver.
Online sportsbooks receiving funds will pay a fee for accepting payments. There is a 2.9% to 3.9% fee of the transfer amount assessed on transfers accepted by the sportsbook. The good news for the players is that nearly all sportsbooks accepting PayPal deposits cover the fees associated with depositing and/or transferring funds. So, in most cases sports bettors are not charged with deposit or transfer fees when depositing with PayPal.
PayPal is another secure and trouble-free way for sports bettors to get money online. As a subsidiary to EBay, the largest auction company in the world, bettors using PayPal will have the security of a publically traded company backing their e-wallet, protecting their identity and funds.
Ask a Stupid Question – What Exactly is PayPal?
PayPal is American based e-wallet that is owned by internet auction giant EBay, it allows businesses and individuals to make payments and money transfers through the internet. Funding is usually accomplished by electronic debit from a bank account or a by a credit or debit card. PayPal is offered in most industrialized countries across the world, and is similar to other large e-wallets, such as Neteller and Moneybookers.