PayPal has been a popular choice for online betting sites for some time. This is because when you’re using this ewallet service, you’re guaranteed safety and speedy online transactions. Among other banking methods, US bettors also love using it for sports betting.
In this guide on American PayPal sports betting sites, we’ll be looking at some popular sports betting sites that accept it as a banking method. Also, we’ll take a look at some of the advantages, along with the disadvantages of using this service for online sports betting.
Top Betting Sites Accepting PayPal
Because of its selectivity, PayPal only aligns itself with the very best US sportsbookies. This is the result of PayPal wanting to maintain its stellar reputation for quality service. So, finding a sportsbook that has the ewallet service as a banking option, this is a sign that they are a trusted bookie.
What you’ll find in this PayPal sports betting guide:
There are a number of New Jersey, US registered sports betting sites that accept PayPal. These are:
- BetStars: get $500 in free bets.
- DraftKings: get a $25 free no deposit bonus.
- FanDuel Sportsbook: receive a $500 risk-free bet.
Additionally, there are a number of daily fantasy sports sites accepting PayPal. These are:
- DraftKings: get $20 free play on your first deposit.
- FanDuel: they give a $5 free play on the first deposit.
- FantasyDraft: free entry and an additional $4 entry ticket.
Making informed decision when it comes to online sports betting is something you should always be striving for. As with anything, PayPal betting comes with its own advantages and disadvantages. Let’s take a look at what some of these are.
- You can use your credit card, debit card, and electronic bank transfers to deposit into the ewallet.
- Furthermore, it can be funded from other accounts like your family, friends, or business.
- Deposits are instant.
- Can be used for other e-commerce transactions like online shopping.
- There are some deposit fees associated with credit card deposits.
- Compared to other ewallet platforms, withdrawing using it is slower.
See our guides for more sports betting banking methods:
Are there any additional fees with using PayPal at online sports betting sites?
There’s a small 2.9% charge for depositing using a credit card or debit card into your PayPal account. However, there are none directly related to depositing using PayPal into your online sports betting account.
How do I withdraw from my PayPal account?
You can use electronic check and mail check to withdraw your funds. Also, you can PayPal’s debit card which is accepted at most retailers accepting credit cards. Furthermore, you can use it at ATMs to withdraw cash.
Is it safe to use PayPal to deposit at online betting sites?
Yes, it’s very safe. It’s as safe as most other e-wallet banking options and other banking methods. For use at an online betting site, it can be argued that PayPal is actually safer because you’re not directly sharing your banking information with the site.
Why can’t US players deposit at a betting site using PayPal?
US bettors can only use it at betting sites in Nevada and New Jersey where online sports betting is allowed. Off shore betting sites aren’t licensed in America so therefore the e-wallet service won’t do business with them.
Why does PayPal operate on FanDuel and DraftKings?
Because these are considered daily fantasy sports (DFS) sites, they aren’t considered gambling under most state laws. Alternatively, DFS is considered a game of skill and therefore, it sees payments for DraftKings and FanDuel as legal in all jurisdictions.