Do you know that in 2021, PayPal processed 19.3 billion transactions, a 25% increase from the previous year? Gambling contributes a significant amount to these transaction statistics.
PayPal is one of the most user-friendly and straightforward methods of funding your account at licensed sportsbook online USA sites, and it also makes it easy to withdraw your winnings.
You can select from a wide variety of legitimate betting sites that accept PayPal if you live in a US state where gambling is permitted. PayPal is an excellent choice for those who wish to wager on traditional or daily fantasy sports.
The Best Online Bookmakers that Support PayPal in 2022
Pros and Cons
PayPal is widely used by millions of online gamblers who rely on it for quick deposits and withdrawals. Many sportsbooks use PayPal because of its popularity. Here is a summarized list of the advantages and disadvantages of sites that permit sports betting with PayPal.
Pros | Cons |
Trusted betting sites accept PayPal | International transactions may incur a fee |
Online sportsbook PayPal deposit only takes a few minutes | Withdrawal is sometimes delayed due to security checks |
Bettors can perform transactions using the PayPal app | |
Withdrawals are completed within 24 hours | |
It’s the safest transaction method out there, and it doesn’t share personal data |
PayPal Features in Online Betting Sites
PayPal enables the online transfer of funds. This 1998-founded money transfer company now has over 244 million active accounts worldwide. Because it’s so widely used, online businesses and buyers trust it. Retailers and online bookies use the e-commerce firm because it offers safe and speedy money transactions. This service lets bettors make deposits and withdrawals from their betting accounts without revealing their bank details.
In the United States of America PayPal works only with licensed gaming sites. Each sportsbook that takes PayPal must undergo a rigorous security check to connect to the service. Despite being approved by local regulatory authorities, PayPal sometimes refuses to allow sites to use its services based on security concerns.
The US States Where It Is Legal to Bet on Sports with PayPal
An online sportsbook that accepts PayPal can operate in parts of the United States where gambling is legal. This is why we advise you to only register with betting sites available in:
- Arizona
- Colorado
- Delaware
- Illinois
- Indiana
- Iowa
- Michigan
- Montana
- Nevada
- New Hampshire
- New Jersey
- Pennsylvania
- Oregon
- Rhode Island
- Tennessee
- Virginia
- West Virginia
- Wyoming
All these US states have the legal authority to monitor gambling offline and online. Deposits and withdrawals for USA players are easy through PayPal, as most betting sites support e-wallets like PayPal in their payment section.
How to Deposit at an Online Sportsbook with PayPal
Let’s have a look at how to sign up for a PayPal account and start enjoying the benefits of online gambling at many of the US betting sites PayPal works with. To assist you, we have provided the following simple instructions;
- First, create a PayPal account on the official site;
- Enter your email and password;
- Fill in all the details, including country, mobile number, etc.;
- Link your PayPal account to your bank account;
- Verify your account;
- Go to the cashier section of the sportsbook that accepts PayPal and select PayPal for transactions;
- Enter the desired amount to transfer;
- The betting site will direct you to the PayPal page;
- Accept the transfer;
- The deposit will be credited to your sportsbook PayPal account.
Mobile Payment
Install the PayPal app from the visual store, and you can transfer funds to the betting site with PayPal in seconds, as the app will automatically process the transaction. You won’t be required to add any card details or other information to complete payments, and you won’t need to log in to your PayPal account every time you make a transaction.
How to Withdraw Money from a Betting Site Using PayPal
The average deposit limit at a sports betting site that accepts PayPal is between $5 and $10, but the average withdrawal limit is a bit higher.
Please review the sportsbook’s banking policies if you wish to withdraw funds using PayPal. Withdrawal options may be restricted to the same type as your deposit method.
- Log in to your PayPal betting sports site account;
- Click on the cashier section on the homepage and select ‘withdraw’;
- If you have selected PayPal as your deposit option, this will automatically be selected as your withdrawal option for cashing out;
- Enter your desired top-up amount and click on ‘withdraw’;
- Your PayPal account will be credited within 24 hours.
Usually, PayPal sportsbook sites don’t charge any fees, but international transactions require a fee which may vary.
New Bookmakers Online with PayPal
Online sportsbook PayPal sites have become popular in the US over the last decade. The popularity and ease of use of e-wallet transactions are why many bookmakers are adding PayPal to their list of payment options.
PayPal is a secure option as the company is quite particular about its safety measures and only works with betting sites after performing intensive research into them. Most sites accepting US players support transactions using PayPal as players trust the company, and many already use it.
Online Bookmaker Bonuses for PayPal Deposits
PayPal sports betting sites offer players numerous bonuses ranging from free bets to cashback offers.
However, the bookmaker sometimes offers exclusive bonuses for PayPal deposits made by players in the US.
You can deposit with your PayPal account and claim incentives like welcome bonuses, cashback, reload bonuses, and more.
Best PayPal Alternatives on Betting Sites
The fact that a site supports PayPal betting does not mean that bettors don’t have any other payment options.
Many US players still prefer making deposits or withdrawals with traditional methods like credit or debit cards. There are many countries where PayPal is still not supported, so gambling online using it is impossible. For American players, alternatives to using PayPal include:
- Visa
- Mastercard
- Play+
- Pay Near Me
- VIP preferred
- Bank Transfer
- Cryptocurrency
Conclusions and Advice from the Author
“Aside from the convenience attached to the payment method, almost every PayPal online casino can be considered trustworthy in 2022 based on the rigorous vetting process the platform puts its casino partners through. However, before making a deposit using PayPal, we suggest reading all the terms and conditions related to PayPal eSports betting and PayPal in general.”
There are certain restrictions that apply to PayPal. These include:
- Players cannot bet on eSports, casino games, or with a sportsbook using PayPal credit;
- PayPal does not allow gamblers to make a transaction using any other credit card.
FAQ
Can I Use PayPal on Betting Sites?
Yes, you’ll find many betting sites with PayPal options as payment in the US that allow players to deposit and cash out with this method.
What Is PayPal?
It’s one of the safest payment options. With PayPal, you can send and receive money without providing any financial data to a casino platform.
Will I Be Charged for Using PayPal as a Payment Method on Sports Betting Sites?
Using PayPal to fund your online betting account is free of charge. However, when you fund your PayPal account using a credit or debit card, you’ll pay a 2.9% fee.
Can I Get a Signup Bonus if I Deposit with PayPal?
Many PayPal betting sites offer bettors exclusive signup bonuses for depositing with PayPal.
