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PayPal betting sites

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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.

About PayPal

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:

  • Bet365 – Bet365 is one of the top betting sites that accept PayPal. It is licensed and regulated by the Government of Gibraltar. Players can bet on various sports on the betting site. Some of them are American Football, Baseball, Basketball, Boxing, and Soccer. Additionally, they can claim superb bonuses, including the Open Account Offer, Bet Boost, and Soccer Accumulator Bonus.
  • Caesars – Caesars is a PayPal betting site that is owned and operated by Caesars Entertainment, one of the top casino companies in the US. It is licensed in different US states, including Arizona, New York, New Jersey, Nevada, and West Virginia. Besides, it features a wide range of sports, including baseball, basketball, golf, soccer, and cycling. Players can also claim fantastic bonuses, including the Welcome Bonus, Reload Bonus, and Referral bonus.
  • DraftKings – DraftKings Sportsbook is another good PayPal betting site you can join as a US player. It is licensed in different US states, including Arizona, Colorado, Indiana, New Jersey, and Iowa. Players can also bet on various sports, including boxing, cricket, handball, hockey, and soccer. Additionally, they can claim awesome bonus offers when they join DraftKings. Some of them are the First Deposit Bonus, Referral Bonus, and the Free to Play Pools.
  • Unibet – Unibet is one of the biggest betting sites in the world that accept PayPal. It is operated by Trannel International Limited and licensed by Malta Gaming Authority. The sportsbook site also features popular sports like football, boxing, horse racing, cycling, and tennis. Furthermore, players can claim incredible bonus rewards like Deposit Bonuses, Risk-Free Bets, Welcome Offers, and Referral Bonuses.
  • SI Sportsbook – SI Sportsbook is another betting site where US players can bet on top sporting events using PayPal. Some of them are Boxing, Golf, Football, Hockey, and Motor Racing. Also, the sportsbook site offers its players competitive offers and promotions to increase their winning chances. They include the Welcome Bonus, Free Bets, Money-Back Bets, and Boosted Odds.
  • Fox Bet – Fox Bet is another PayPal betting site you can join as a US player. It is owned by Fox Media LLC and licensed in different US states. They include New Jersey, Colorado, Michigan, and Pennsylvania. The gambling site features various sports, including Football, Basketball, MMA, UFC, and Golf. Also, you can claim great bonuses like Referral bonuses, Bet Boost Offers, and Cash bonuses.
  • BetRivers – BetRivers is licensed in different US states, including Michigan, Indiana, Illinois, Colorado, and Arizona. Players can bet on popular sports like UFC/MMA, Football, Boxing, Cycling, and Cricket when they join the betting site. Additionally, they can claim awesome bonuses like Profit Boost, Same Game Parley, and Match Bonus. You can use PayPal when playing at BetRivers online sportsbook or betting app.
  • BetAmerica – Churchill Downs Incorporated owns BetAmerica. It is licensed in different US states, including New Jersey, Pennsylvania, Arizona, Michigan, and Indiana. Also, it features popular sports like Basketball, Hockey, Football, Golf, Tennis, and Soccer. Players can get the best odds when they join BetAmerica, and PayPal is among the deposit methods that are accepted.

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:

  1. Sign up for a PayPal account.
  2. Verify your identity on PayPal.
  3. Link your card or bank account.
  4. Search for a legit betting site that accepts PayPal.
  5. Sign up with your details.
  6. Go to the cashier section and choose PayPal as your deposit method.
  7. Enter deposit amount.
  8. Follow instructions.
  9. Start betting.

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:

  1. Go to the cashier section.
  2. Pick PayPal as your withdrawal option.
  3. Confirm the transaction.

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:

  • Send money to your bank account.
  • Apply for a PayPal debit card and withdraw from ATM.

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:

Pros

  • Safe and secure.
  • Fast transactions.
  • You can both deposit and withdraw.
  • Widely accepted.

Cons

  • PayPal takes a small fee on each transaction.
  • Some sportsbooks might not give you welcome bonuses when you use PayPal.

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:

FAQ

Are PayPal betting sites secure?

Yes, PayPal betting sites are secure. They use advanced security technologies to ensure that their player's information is safe. One of them is the Secure Socket Layer encryption that ensures end-to-end encryption of information on their sites. Additionally, they protect their server with the latest firewall to prevent hackers from gaining access.

Do betting sites offer bonuses for PayPal users?

Yes, most betting sites offer bonuses for users that deposit using PayPal. However, you should check the terms and conditions you need to fulfill before claiming them. They include the wagering requirement, validity period, minimum deposit, and maximum bonus value.

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

The processing time for withdrawal at a PayPal betting site is between 0–4 business days. The withdrawal time is not the same for all betting sites that accept PayPal. It might take a betting site less than 24 hours to process your withdrawal, while other operators can take longer. Overall, PayPal is one of the fastest withdrawal methods in sports betting in this moment.

Does PayPal charge any fees when I use it on betting sites?

Yes, PayPal charges you between 1.9% and 3.9% on each transaction. So, the more transaction you make, the more charges you pay. Additionally, some sportsbooks that accept PayPAl charge you for making withdrawals while others don't. We would advise that you accumulate your winnings over a long period before processing withdrawal with PayPal.