PayPal betting sites
This guide will give you a list of the best PayPal betting sites and how you can join them. Also, we’ll explain how you can deposit and withdraw using PayPal. So, keep reading to learn more.
PayPal is one of the most popular digital wallets you can use to make payments on sports betting apps in the US. It is used in more than 200 countries and supports 25 currencies. Most online betting sites in the US accept PayPal because it is safe, fast, and secure. The first step to playing at PayPal betting sites is to register. You need to provide your personal information, including your name, email, region, and mobile number. The next thing is for you to make your first deposit and claim any welcome bonus offer that is presented to you as a new player.
Best PayPal betting sites
We’ve reviewed and tested all legal online sportsbooks that accept PayPal and put together a list of them below. The best PayPal betting sites in the US are the following:
How to deposit using PayPal on a sports betting site
The first step to depositing using Paypal on online betting sites is to sign up for a PayPal account. After that, you need to verify your identity. Once your account has been verified, you can link your card or bank account to your PayPal account. Then, you can sign up with a legit betting site that accepts PayPal. After registration, choose PayPal as your preferred payment option. Afterward, select your deposit amount and follow other instructions.
Here is the step-by-step guide you should follow to deposit using PayPal:
How to withdraw funds from a sportsbook using PayPal
Withdrawing your winnings from a sportsbook to your PayPal account is easy. You need to go to the cashier page and choose PayPal as your cash-out option. The next thing is for you to provide the amount you want to withdraw and confirm the transaction. Usually, the withdrawal will be processed instantly, but it can vary between different operators.
Here are the steps you should follow if you want to withdraw at online sportsbooks using PayPal:
How to cash out funds from your PayPal account
When your money is finally reflected in your PayPal account, you can send it to your bank account. Alternatively, you can apply for a PayPal debit card and withdraw from the ATM.
You can cash out your winnings from your PayPal account using these two easy steps:
Pros and cons of PayPal betting sites
One of the pros of joining a PayPal betting site is its safety and security. Another positive is that withdrawals and deposits are made quickly. PayPal betting sites process your payment within a few minutes of initiating it. However, one downside to joining PayPal betting sites is that they charge high transaction fees.
Here is our list of pros and cons you should note before joining a PayPal betting site:
The history of PayPal and sports betting
PayPal was founded in 1998 by Max Levchin and Peter Theil. Then, in 1999, it was launched as a digital wallet to transfer money. The company became more popular in 2002 when eBay acquired it for $1.5 billion. In 2006, the company added 10 new currencies and became popular in more countries. PayPal landed an EU banking license in 2007, giving it access to more EU countries.
PayPal has been a significant player in the online sports betting scene for a long time, and a lot of consumers use their service to handle their transactions when they want to wager on sports online.
Similar payment methods if the sportsbook doesn’t accept PayPal
If you want to use a particular sportsbook that doesn’t accept PayPal, or you just don’t want to use this payment method, there are plenty of similar payment options. Read more about the best PayPal alternatives in sports betting below: