Best PayPal US Betting Sites in 2021
Founded back in 1998, PayPal now has over 300 million users across the world and serves as one of the most popular e-wallets out there. It boasts great security and an overwhelmingly user-friendly approach to online banking. Naturally, it serves as a great method and one of the preferred options to move money for gambling and online sports betting aficionados too. With a number of PayPal betting sites to choose from, we now take on a detailed review of the payment processor. We cover the best betting sites for PayPal in the offer, what you need to get to the first transactions, fees, and more!
PayPal: How it works!
PayPal has a very straightforward approach to online money transfer and its easy-to-use interface is surely the main selling point. It’s been facilitating online purchase for years and it does the same on sports betting sites. PayPal works well with online betting sites because it offers an extra layer of security to your account as well. Practically, all information you need to provide the sportsbook with is an e-mail address and password in order to complete transactions. Let’s now move on to our favorite PayPal online betting sites, what you’ll need to deposit there, and review the payment procedure itself.
Top 5 betting sites with PayPal
It is true that US players don’t have as many online sports betting options as bettors from Europe do, for example. However, there are still top betting sites that accept PayPal in the United States. So before we review the payment processor’s traits, here is our list of PayPal sports betting favorites!
Payment procedure with PayPal
Online sports betting with PayPal breathes convenience and if you have an account already, making a deposit on a new site should take no more than a couple of minutes. You can go to your account, click the Deposit button, and follow these easy steps:
- Step 1: Pick PayPal as your preferred deposit method
- Step 2: Enter amount of money you want to deposit
- Step 3: Get redirected to PayPal and enter your information
- Step 4: Confirm the payment to your sports betting account
PayPal is one of the most popular online payment solutions in the USA and worldwide but when it comes to sports betting it is not exactly the most popular method. The reason for this is that many betting sites don’t even accept PayPal as deposit or cashout method. However, if your betting site does offer PayPal, you can make fast and cheap money transactions with this payment method at will.
Still no account with PayPal?
Registering and setting up an account with PayPal is a rather easy task. The company is devoted to pursuing convenience. The fact you can now create an account on the pop-up site you get when you click the Deposit button on sports betting sites goes in line with that.
You can click the Sign up button and then proceed to fill out the form with your personal information as well as credit or debit card details. This includes an-email, password, full name, address, street, city, ZIP code, mobile. Additionally, you will need to add your credit or debit card number, expiration date, and security code. You can also choose to add bank account details with a routing number and account number.
You will then need to verify your account through e-mail as well as the bank. PayPal will make two deposits and you will have to enter the values in order to verify it and fully activate the account. This will enable you to deposit from and withdraw to the card in question. Once completed, you are free to move money to the sports bookmakers that accept PayPal. This process will usually take a day or two.
Pros and Cons of PayPal
Advantages of PayPal
PayPal is not fully turned to facilitate online sports gambling and betting but it serves a great purpose for players. PayPal deposits are accepted by a great number of sites and even US players get a range of options. Indeed, Federal regulations are a limiting factor but there are new PayPal betting sites added very often.
PayPal offers very quick deposits and withdrawals too, which is one of the company’s main selling points when it comes to gambling and sports betting. If you registered with one of the betting sites with PayPal, you will often be able to bet within minutes.
We have already mentioned that PayPal addresses security issues and offers another layer of protection when it comes to your funds and personal information. You will only need an e-mail to receive payments and nothing but a login to deposit. PayPal sports betting thus feels safer and more convenient.
Like many other e-wallets, PayPal will also notify you as soon as you get a payment or as soon as your deposits are confirmed. Many credit card providers now provide the same service but it often comes with fees.
Disadvantages of PayPal
Possibly the biggest downside to using PayPal on a sports betting site is that you can stumble upon a site that offers no bonus. Like with many e-wallets, this is an opportunity denied mainly because of the near-anonymity they offer. Still, there are sportsbooks that offer free bet and welcome bonuses, if you are bonus hunting with PayPal.
Additionally, few sites will also charge a fee for withdrawal with PayPal. These transactions are often free or very low but it’s important to note this as a downside too. You could be also charged with a conversion fee if you get a payment in foreign currency too, so it’s important to make both sportsbook and PayPal / bank accounts in USD.
Lastly, PayPal doesn’t allow complete anonymity for gambling and sports betting transactions. This means local authorities can get an insight into your account, which isn’t the case in other parts of the world. It’s best to keep it clean and safe, though, so we can’t really object it. Both the site and the bank want to prevent money laundering, so it was only to be expected.
- PayPal offers speed and commodity
- Fees are low or non-existent with most bet and casino options you get
- You get additional security with PayPal deposit and withdrawal
- PayPal does not offer anonymity as it used to
- PayPal deposit if sometimes not eligible for a bonus
Usual processing time & fees for payments with PayPal
One of the main reasons many sports betting and gambling aficionados use PayPal as their preferred deposit and withdrawal option is the processing time. The deposits are almost always free and instant, as you can move your money to new sites in a matter of minutes. Withdrawals, on the other hand, usually take up to four hours and will in almost all cases be processed the same day. The only exception is a withdrawal that goes under review for one reason or another. Withdrawal from your PayPal account to a credit or debit card will usually take up to five days.
Withdrawals are usually not charged fees either but there are few sites that will not have free withdrawal, so it is something to bear in mind. There are other things you need to consider with the method, though, as there are currency conversion rates, account inactivity, and more. You will always want to have sports betting and PayPal account with same currency. Interestingly, you cannot be reimbursed in any case when using PayPal for gambling and sports betting, like you would with other online purchases. This only reiterates the importance of sticking with safe and reputable sites.
Yes, you can use your PayPal account on a gambling or sports betting site. There is a number of different sites in the offer. It is also one of the best deposit and withdrawal method and processing times promise you can bet within minutes.
Yes. It’s important to note PayPal is an e-wallet and this means fewer chances for a bonus from the get-go. However, PayPal will offer a free bet or sports betting bonus on some occasions, beating many competitors in that sense.
Most probably not. Most sportsbooks only offer e-wallets as a withdrawal method to bettors who deposit that way. We thus recommend you read through the terms and conditions before making a deposit with any sports betting site.
No. There are seldom any fees when you deposit and withdraw funds from gambling and betting sites. You can transfer your money from and to PayPal with no hassle, which serves as a great selling point to those who enjoy an occasional bet.
Yes, PayPal has some of the best security and precaution measures out there. This includes but is not limited to SSL encryption, transaction tracking, and other bank security levels. It’s safe to say it is serving as another layer of security to your betting site accounts.
Yes. PayPal is a reputable brand and the fact it works with a certain company only adds to such a belief. Some of the best betting sites out there offer PayPal as one of the options to transfer money, but we always suggest investigating all sites for yourself.
There is no one answer to this. Only you can decide what the top sports betting site is for yourself. We can only suggest you keep all your preferences in mind, including bonus, sports, odds, payment processing, casino offer, and more. You should take your time when making the decision.