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PayPal Betting Sites - Online Sportsbooks That Accept PayPal
Last updated May 28, 2024
PayPal is one of the most preferred payment methods, renowned for its convenience and security. Online sportsbooks like DraftKings, FanDuel, Caesars, BetMGM, and BetRivers all accept PayPal, making it easy for bettors to deposit and withdraw funds seamlessly.
Why is PayPal so popular among bettors? The answer lies in its reputation for safety and reliability. When you use PayPal, you can rest assured that your personal and financial information is protected by advanced encryption and fraud prevention measures. This peace of mind is invaluable for online sports bettors.
But which are the best online sportsbooks that accept PayPal? How do you get started with PayPal for your sports betting needs? And how does PayPal compare to other payment options available on these platforms? This guide will answer all these questions and more, helping you navigate the world of online sports betting with PayPal.
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Best Sportsbooks for PayPal Deposits & Withdrawals
You can choose from many online sportsbooks that currently accept PayPal. Some popular options and what they offer are described in further detail below.
BetMGM Sportsbook Paypal Bonus Code
BetMGM Sportsbook is a great option for bettors whose preferred payment method is PayPal. You can fund your online sports betting account immediately at any time of the day using PayPal, and a minimum deposit of just $10 is required.
In addition, assuming you have met any wagering requirements if you were awarded bet credits or bonus funds, you can withdraw funds to your PayPal account within 1-5 business days.
Bet365 Sportsbook Paypal Promo Code
One of the most convenient and secure methods for managing transactions on Bet365 is through PayPal. Using PayPal allows for quick and easy deposits and withdrawals, typically processed instantly for deposits and within 24 hours. This method is secure and private, as your bank or card details are not directly shared with Bet365.
DraftKings Sportsbook Paypal First Bet offer
One of the most popular betting sites currently allowing PayPal transactions is DraftKings Sportsbook. DraftKings users can deposit as little as $5 from their PayPal account and start placing wagers immediately.
While not all regions permit PayPal withdrawals, those with the option to transfer funds from their DraftKings account using PayPal can typically anticipate the transaction to be finalized within 48 hours.
FanDuel Paypal Promo
You are also likely familiar with FanDuel Sportsbook, which began allowing PayPal transactions a few years ago. FanDuel is a trustworthy and reliable sports betting platform; therefore, you will always be able to make deposits from your PayPal account to FanDuel, knowing that your privacy is maintained and your personal information is well-protected.
FanDuel generally processes withdrawals to your PayPal account within one hour and completes them within two days in most cases.
Why You Should Use PayPal for Sports Betting
There are many reasons why PayPal is such a popular payment method among online sports bettors.
- Security
PayPal is known for its robust security measures, including encryption and fraud protection, which ensure the safety of your financial information.
- Speed
Transactions with PayPal are typically processed instantly.
- Mobile Friendly
PayPal has a user-friendly mobile app, making it easy to manage transactions from your smartphone or tablet.
- Buyer Protection
While not always applicable to betting, PayPal offers dispute resolution services that can help if you encounter issues with a transaction.
- Privacy
Using PayPal can add an extra layer of privacy, as your bank or card details are not shared directly with the betting site.
- Restrictions
PayPal may have restrictions on gambling transactions in certain states.
- Verification process
Setting up and verifying a PayPal account can take some time, and you may need to provide additional documentation.
Other Payment Methods we recommend
How To Start Betting With PayPal
You can get your betting experience started today by creating a PayPal account (if necessary), choosing a sportsbook, and making your first deposit. Just follow the steps below, and you will be placing wagers in no time!
If you have not previously signed up for an account with PayPal, visit their website or mobile app and begin the registration process. Enter your personal information, verify your identity, and link your bank account or debit/credit card.
You will then need to pick a sports betting platform that accepts payments using PayPal and works best for you. You may want to consider the site's welcome opportunity, customer service, and customer loyalty program when making your decision.
Complete the sign-up process by entering all required information, agreeing to the Terms & Conditions, and verifying your account. You may also choose to enter a promo code to claim the platform's welcome offer to new customers.
Deposit funds from your PayPal account by selecting “PayPal” as your preferred payment option, choosing the amount you wish to deposit, and logging in to your PayPal account. The funds are typically credited to your account immediately.
Place any wagers of your choice using the deposited funds. You may also use the bonus bets awarded through the welcome offer (if applicable).
When you are ready, you may withdraw funds from your online sportsbook account to PayPal by selecting the “Withdrawal” or “Cash Out” option on the sportsbook's website or mobile app. Choose the amount you wish to withdraw from your account, and you can typically expect the funds to reach your PayPal account within 2-3 business days.
FAQ
Where can I bet on sports with PayPal?
You can sign up for an account and make a PayPal deposit with any of the popular online sportsbooks referenced in this guide (e.g., DraftKings, FanDuel, BetMGM, Caesars, and BetRivers). In fact, PayPal is an acceptable payment method of payment for all major betting sites in the United States.
Is PayPal safe for sports betting?
PayPal is one of the safest methods for making transactions to and from an online sportsbook. Your PayPal account information and funds are secure and well-protected when using any of the sportsbooks included on this page.
What are the disadvantages of PayPal betting?
Although the pros of sports betting with PayPal are far greater in number and importance, there are some disadvantages worth noting. First, additional fees are common when transferring funds from your debit card or credit card to your PayPal account. In addition, PayPal withdrawals can take slightly longer on occasion because the digital payment platform will often take extra steps to prevent fraud or suspicious activity.
Is PayPal or Venmo better for sports betting?
Both PayPal and Venmo are excellent options for funding your sports betting accounts. The major advantage PayPal has over Venmo at this time is availability. There are more platforms currently allowing deposits and withdrawals with PayPal than Venmo.
