PayPal is one of the safest and most reliable banking methods to use when betting online. In addition to being fast and convenient, PayPal is also widely accessible and there are plenty of sportsbooks that allow you to use PayPal for deposits and withdrawals.
Every day we look for ways to make things faster and more secure, and PayPal is now a go-to provider for quick and convenient online payments. In this guide, we will look at which betting sites and apps allow you to use PayPal and see why it has become one of the most popular ways to fund online gambling accounts.
Best Betting Sites & Apps That Accept PayPal
In today’s time, betting sites that accept PayPal are everywhere. However, to save you the time and trouble of looking for one yourself, I handpicked a few and made a list of the best betting sites where you can make deposits and withdrawals using PayPal.
#1. BetMGM
Deposit Limits: $10/$20,000
Bonus: $1,500 Paid Back Bonus
Withdrawal Limits: Min. $10
Processing Time: 24 Hours
Fees: No Fees
BetMGM allows you to get up to $1,500 in bonus bets if you don’t win using our link. The sportsbook also has a refer-a-friend bonus and an excellent loyalty program. It allows you to bet on everything from basketball, football, and F1 to NASCAR betting and tennis. BetMGM also has many unique prop bets, as well as a proprietary Gone in 60 Seconds bet for UFC.
#2. DraftKings
Deposit Limits: Min. $5
Bonus: Bet $5 Get $150 Bonus Bets
Withdrawal Limits: Min. $1 / Max. $60,000
Processing Time: 24-48 Hours
Fees: No Fees
DraftKings is one of the most popular brands in the US. In addition to the welcome and refer-a-friend bonuses, DraftKings is known for offering a ton of short-term promotions for special events. It covers all the popular sports betting markets and features live streaming, an excellent sports betting app, and a Flash Bet unique betting option. The DraftKings markets are among the most varied in online sports betting, with everything from niche player props to alternate team betting lines. DraftKings accepts PayPal deposits from as little as $5, and there is a range of other deposit methods at DraftKings available too.
#3. FanDuel
Deposit Limits: Min. $5
Bonus: Bet $5 and Get up to $350 in Bet Resets Across 7 Days
Withdrawal Limits: Min. $1
Processing Time: 24 Hours
Fees: No Fees
FanDuel is licensed in 20+ states and the sportsbook is packed with bonuses, including the refer-a-friend bonus, Dinger Tuesdays, and Parlay Boost Builder, to name a few. Just like other US betting sites on my list, FanDuel allows you to bet on all the popular sports and it even has novelty prop bets for special events. FanDuel is one of the biggest online sports betting sites in the US, and for good reason.
#4. Caesars Sportsbook
Deposit Limits: Min. $5
Bonus: 10x Double Profit Boosts
Withdrawal Limits: Min. $1
Processing Time: 24 Hours
Fees: No Fees
Caesars is partnered with the NFL, NHL, NBA and is available in over 20 states across America. The sportsbook covers football, boxing, soccer, basketball, and many other betting markets. The platform has the Caesars Rewards loyalty program, which can net you everything from retail discounts to hotel comps and live entertainment prizes.
#5. bet365
Deposit Limits: Min. $30 / Max. $10,000
Bonus: $100 in Bonus Bets
Withdrawal Limits: Min. $10 / Max. $10,000
Processing Time: 1-4 Hours
Fees: No Fees
bet365 has a hefty welcome bonus, allowing you to get $150 in bonus bets by depositing and betting just $5. The sportsbook also has numerous early payout offers, multi-sport parlay bonus, and much more. It features in-playing betting, edit my bet feature, and has a great selection of sports to bet on.
#6. Fanatics Sportsbook
Deposit Limits: Min. $5 / Max. $50,000
Bonus: Get up to 10x $100 in FanCash
Withdrawal Limits: Max. $50,000
Processing Time: 24 Hours
Fees: No Fees
Fanatics has an iGaming Ontario license and it is available in multiple states in the US. The sportsbook covers all the popular betting markets and it offers numerous bonuses and promotions, including the money-back bonus, Every Bet Rewards, refer-a-friend bonus, early payouts, and much more.
#7. Borgata Sportsbook
Deposit Limits: Min. $10
Bonus: $100 in Bonus Bets
Withdrawal Limits: Min. $10
Processing Time: 24 Hours
Fees: No Fees
Borgata offers $100 in bonus bets, which you can claim by using our promo code link and betting at least $20. The sportsbook offers free live streaming and features betting markets, such as baseball, basketball, football, soccer, and much more. Borgata also has a ton of betting types and an odds boost feature for even better payouts.
#8. ESPN BET
Deposit Limits: Min. $10
Bonus: $1,000 Bet Reset
Withdrawal Limits: Min. $10
Processing Time: 24-72 Hours
Fees: No Fees
ESPN BET offers $1,000 in bonus bets, allowing you to claim 100% cashback on all lost bets during the promotion period. The sportsbook also includes a deposit match bonus, odds boost for various events, and much more. ESPN BET is available in multiple states and they also feature dedicated Android and iOS apps which are awesome for betting on live events. The app also lets you wager multiple bet types including parlays, and more.
#9. BetRivers
Deposit Limits: Min. $10
Bonus: $500 Second Chance Bet
Withdrawal Limits: Min. $10
Processing Time: 24-72 Hours
Fees: No Fees
BetRivers comes with the $500 Second Chance Bet promotion for new players, which allows you to get bonus cash in case your first bet is a loss. The sportsbook features live streams, a Prop Central where you can place numerous prop bets, and a House Special section, which features a ton of unique bets for a variety of sports.
PayPal is an e-wallet that facilitates payments between two parties: businesses and consumers. One of its main benefits for sports betting is the fact that PayPal allows you to easily deposit or withdraw cash using your PayPal credentials without having to leave your credit card info with the sportsbook or a casino.
PayPal was founded in 1998 in Palo Alto, California. The platform operated as a subsidiary of eBay until 2015 when it launched as an independent company. Nowadays, it is one of the most popular e-wallets on the market — PayPal has more than 426 million users and processes billions of transactions every year.
Due to its advantages over other banking options, PayPal is often a go-to choice for sportsbook and casino players, myself included, and its popularity is one of the main reasons most reputable US sports betting sites offer PayPal as a payment option.
Pros and Cons of Betting with PayPal
| Pros | Cons |
|---|---|
| Instant deposits and fast withdrawals | Top-up and withdrawal fees |
| Mobile-friendly | Some sites do not offer bonuses for PayPal deposits |
| Widely accessible | Might not be available in all jurisdictions |
| Safe and secure | |
| Convenient and easy to use |
Things to Consider with PayPal Betting Sites
Before you jump the gun and register at a betting site just because it offers PayPal, you should carefully weigh your options, compare the site in question with other PayPal betting sites, and only then decide where to register. While PayPal could be a factor when looking at online sportsbooks and deciding which one to choose, there are other factors to consider.
And in case you’re not entirely sure where to start, don’t worry — I’ll let you know about all the aspects you should consider before you join a PayPal betting site, just so you can have a smooth experience down the road.
- Banking is one of the most essential features to consider when picking a betting site. After all, the entire point of betting at a sportsbook is to make deposits, and hopefully, withdraw cash. Once you confirm the sportsbook does offer PayPal, you should also check the site’s deposit and withdrawal limits, processing speeds, and if there are any fees involved.
- Pick a sportsbook with good bonuses and promotions. For this section, my rule of thumb is the more, the better. Ideally, you’d want a sportsbook that has a wide selection of bonuses, such as no deposit bonuses, second chance bets, and more. And make sure the sportsbook offers favorable bonus terms and conditions like low wagering requirements.
- Sports markets can often determine the quality of the sportsbook. My advice is to choose a sportsbook that offers a good selection of betting markets and has competitive odds compared to other sportsbooks. On top of that, you should also pay attention to the bet types the sportsbook offers, such as futures, props, parlays, in-play bets, and more.
- It goes without saying that you should only play at safe and licensed sportsbooks. I recommend only sportsbooks with a proven track record and a great standing among the players. Instead of risking it with shady providers, you should pick a sportsbook that has positive reviews, is secured by the latest encryption technology, and is licensed in your state.
- You’d be surprised how many players overlook customer support when selecting a sportsbook. However, one of the best ways to tell whether you will be in good hands is to simply check how good the sportsbook’s customer care is. Simply put, you should look for a sportsbook that offers multiple channels and employs knowledgeable agents who respond promptly.
Setting Up PayPal Account
PayPal is extremely easy to use and setting up a new PayPal account is a breeze — it will take you a few minutes before you have your very own PayPal account. And just in case you need assistance setting up your PayPal account, I’ve created a short step-by-step guide to help you get started.
- Visit PayPal’s official website.
- Tap the Sign Up button in the top right corner.
- Select Personal Account and click on Continue.
- Enter a valid email address you want to use for PayPal.
- Enter your phone number and then enter the code sent to your phone.
- Provide all the required information and finalize the process.
After that, you’re basically done! The only thing left to do is check your inbox and verify your email address, and you’re good to go and start looking at the best PayPal betting sites.
How to Fund PayPal
PayPal is an e-wallet, and before you can use it, you will have to add funds to it. To do that, simply click on “Link a Card or Bank” and then enter the required information to link your PayPal account to your card or a bank account.
Once you’re done, you can add funds to your PayPal. Here’s how it works.
- Go to your Wallet.
- Click on Transfer Money.
- Select Add Money and choose whether you want to use your bank account or card.
- Enter the amount you want to send.
- Click Next and finalize the process.
After that, the money should appear in your PayPal account momentarily, and you will be able to make purchases online or fund your sportsbook account.
Another option is to link a card and simply select it as your preferred payment option when using PayPal online – it will be then charged according to your purchases.
Betting with PayPal Online
Once you have your PayPal account topped up and ready to go, the only thing left to do is to create a sportsbook account, deposit using PayPal, and place your first wager. And don’t worry, the entire process is quite straightforward.
- Visit the sportsbook where you want to register and click on Sign Up or Join.
- Enter a valid email address and other required information, such as your first and last name, SSN, mobile phone number, etc.
- Enter a promo code if you want to claim the welcome bonus immediately and if there’s an option.
- Finalize the process and log in using your credentials.
Keep in mind that your sign up experience may slightly vary from one sportsbook to another. However, the entire process won’t be all too different, so you shouldn’t have any issues registering using my step-by-step guide. The good news is your sports betting account shouldn’t take longer than 5 minutes, no matter what online sportsbook you are using.
An important thing to note is that some sportsbooks may require you to verify your email or phone number during the registration process, so make sure all the information you provide is valid.
After you have your account ready, you can make a deposit and add funds to your sportsbook account.
- Navigate to the Cashier page or tap the Deposit button.
- Select the method you want to use to make a deposit i.e. PayPal.
- Enter the amount you wish to transfer i.e. $5.
- Finalize the transaction.
PayPal is known for lightning-fast transactions, so your cash should appear in your sportsbook account immediately. Once it does, you can navigate back to the sportsbook’s betting section, find a game you want to bet on and place a wager.
Cashing Out Your Winnings from PayPal Betting Sites
Withdrawing cash using PayPal is not all that different from making a deposit and you can do it in a few simple steps.
- Navigate to the Cashier page or click on Withdrawal.
- Select PayPal as your withdrawal method.
- Enter the amount you want to withdraw.
- Finalize the transaction and wait for the cash to appear in your PayPal account.
An important thing to note is that some sportsbooks require you to deposit using PayPal before you can use it as a withdrawal method. The good news is that e-wallets like PayPal are well-known for fast withdrawal speeds — it usually takes a few hours at most before the cash is in your account. PayPal withdrawals are also perfectly safe and secure.
However, keep in mind that the withdrawal speed may vary from one sportsbook to another and the time the sportsbook takes to process withdrawal requests, which can take anywhere between 1 and 72 hours at the best US betting sites that accept PayPal.
Welcome Bonuses using PayPal
The best sports betting sites that accept PayPal offer exciting welcome bonuses to greet new players, such as bonus bets, free spins for online casinos and deposit matches. However, bear in mind you could be excluded from some welcome promotions if you select PayPal when making your initial deposit.
There are a few sportsbooks that don’t have e-wallets like Neteller, Skrill and PayPal for bonuses, because some bettors have taken advantage of the anonymity these services provide and have abused these promos in the past. As always, make sure you check the terms and conditions and look at all of the payment options before you claim your welcome bonus.
If PayPal isn’t an option, you could use a debit or credit card for your first deposit, then switch to PayPal for all future transactions.
How to Keep PayPal Account Safe When Betting
We only recommend using fully licensed online betting sites that adhere to the strict rules in place from the governing body of the state or states they operate in. PayPal is also recognised as one of the safest online bank transfer methods. However, there are still measures you can carry out to ensure your digital wallet account is safe.
Enable two-factor authorisation
Any PayPal account holder can enable two-factor authorisation, which requires you to input a unique code each time you access your PayPal account. You can turn this function on by visiting the PayPal account settings which gives you lots of options for using two-factor authorisation. You can request a code to be sent to you via the authenticator app or text message.
Create a strong password
This seems obvious, but having a strong password for your online betting account and your PayPal account is the most logical step to increasing your safety online. Every online password you have should be unique, so all the online accounts you have, whether it is for a grocery site or a betting site, should come with a different password. This prevents you stressing and becoming worried if you get hacked and one password has become compromised and gives you extra security among several accounts.
A strong password will contain letters, numbers and symbols. Don’t make it linked to any family or friends and try to think a bit left field.
Keep your mobile secure
Lots and lots of sensitive data is kept and stored on mobile devices. It is very important that this information is protected. Mobile devices these days allow you to enable safety features such as facial recognition or a unique access code. If you go down the access code route, make sure it is different to the code you use to open your mobile.
PayPal vs. Other Sportsbook Banking Methods
Despite not being a perfect banking option, PayPal is still one of the best payment options for players in the US. The question is, how does it compare to other betting banking methods, and what are its biggest advantages and disadvantages?
In terms of speed, PayPal is one of the fastest banking methods for sports betting withdrawals. While deposits are instant for most payment options, PayPal outshines its competition with speedy withdrawals, which can take only a few hours to process. There are also a lot more operators that accept PayPal, especially if you compare it to the Apple Pay betting sites, of which there are only a handful.
On top of that, PayPal is convenient and easy to use, and it allows you to make deposits without leaving your card information with the sportsbook, which is a major plus for some players. It is also secure, mobile-friendly, and has low deposit and withdrawal limits, which pretty much makes it even in these areas compared to other popular payment options.
One of the biggest downsides to PayPal is fees. Even though most sportsbooks won’t charge a fee for processing PayPal deposits or withdrawals, PayPal itself will — you’ll often have to pay a fee for topping up your PayPal account and you may even have to pay a fee for receiving cash to your PayPal account.
Even though it has its shortcomings, I believe PayPal is still one of the best payment methods out there so don’t shy away from making a PayPal account and giving it a try yourself.
FAQs
