Online Gambling Sites Paypal
PayPal is one of the most popular ways to deposit and withdraw at online betting sites. The easiest way to deposit to a bookmaker, casino or poker room by PayPal is through an existing balance. This can be received through a transfer from a friend or a sale over the internet at an auction site such as eBay.
There are several other ways to fund a PayPal account. An instant electronic check may be drawn directly from a bank account. Large transfers are available through bank wires. European bettors may also use a credit or debit card, including the PayPal Extras Mastercard. Players in the US may not use a credit or debit card to fund an account at a regulated poker or casino site.
- How to deposit and withdraw with PayPal at online lottery sites Depositing with PayPal at top lottery sites is a walk in the park. Of course, you’ll need to create a PayPal account if you don’t already have one, but that only takes a minute or two. Once you’ve done that, simply follow these four steps to deposit at your chosen lottery site.
- PayPal is one of the most widely-recognized e-wallets in the world, and it’s available at most non-US online gambling sites. I recommend using Paypal for online gambling transactions because of its security, simplicity and low fees. Here’s a list of the best sports betting sites that accept Paypal deposits. The only difference between this list and the list of top gambling sites overall is that all of these sites have Paypal as their banking option, while some others may not.
- Online Casinos Accepting PayPal Deposits. Those players who live in areas such as Europe have quite a lot of options to choose from when looking for an online casino that accepts PayPal. Some of the most popular European casino markets for PayPal include the UK, Ireland, and Germany. 888 Casino currently offers PayPal to the most territories, by far.
At online sports betting sites that accept PayPal, you can enjoy fast and safe transactions. But there are still things to be wary of when using PayPal online. Transaction fees: PayPal makes its money from small fees on online transfers. It’s usually free to transfer cash to an online sportsbook as the betting firm will absorb the costs. Most gambling sites (and all of the Paypal sportsbooks listed on this page) cover all fees for transfers between gambling websites and your Paypal account, so transfers to and from a gambling site are free. So are you subjected to any fees? If you use a credit/debit card to fund your Paypal account, you’ll pay a 2.9% fee for the deposit.
Paypal betting sites & sports betting apps
If you’re in New Jersey, Pennsylvania, Indiana or West Virginia and you want to use PayPal to bet on sports, you’re in luck. A number of online sports betting apps and sites use PayPal
PayPal betting FAQ
Can I use PayPal on betting sites?
It depends on where you are. PayPal only allows deposits to sites that are fully licensed in their resident jurisdictions.
So, residents and visitors to Nevada and New Jersey can use PayPal because those states allow PayPal as an option. Similarly, countries outside the US can elect to allow PayPal as a payment method for their online gaming sites.
However, in unlicensed areas, such as most of the states in the US, PayPal cannot be used on betting sites.
Can you buy Bitcoin with PayPal?
No. PayPal does not allow users to purchase Bitcoin or other cryptocurrencies at this time.
Are there fees associated with using PayPal at online betting sites?
Online betting sites do not charge a fee to deposit with PayPal. PayPal charges 2.9% to deposit using a credit card or debit card. There is no fee to use an existing PayPal balance or an electronic funds transfer from a bank account.
Can you deposit using PayPal if you don’t have a PayPal account?
Players must create an account with PayPal to use it as a deposit method. It is a quick and simple process that only takes a few minutes.
Can you use a family member or friends account to deposit via PayPal?
No. A PayPal account used to deposit at a betting site must belong to the account holder.
Why don’t I see PayPal as a withdrawal method?
PayPal will appear as a withdrawal option once a successful deposit using the method is made.
How do I withdraw from PayPal?
PayPal withdrawal options include electronic check and check by mail. PayPal has a debit card that may be used at any retailer that accepts credit cards. It can also be used to withdraw cash from an ATM.
Are there any online casinos that accept PayPal?
Yes. Within in the US, some online casinos in Nevada and New Jersey accept PayPal.
Outside the US, several countries accept PayPal as a deposit and withdrawal method. Please check each casino website’s frequently asked questions for more specific details about banking methods at that site.
Is PayPal a safe way to deposit at betting sites?
Yes. PayPal is just as safe as using any other ewallet. It is safer than using a bank account directly as it provides an additional layer of security between the betting site and the player’s financial information.
What are the advantages and disadvantages of using PayPal?
PayPal offers instant deposits. Credit cards, debit cards, and electronic bank transfers are among the deposit options. Players can also use PayPal for traditional purchases and eBay sales, making it more useful than some of its competitors. PayPal balances can also be created by receiving a transfer from a friend or business. The main disadvantage of PayPal is that there are deposit fees associated with credit card deposits. Withdrawals can be slower than other ewallets.
What countries are allowed to use PayPal?
PayPal is available for betting sites in Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Sweden, and the UK. Nevada and New Jersey players may use PayPal for online gaming deposits in the US. PayPal is also a deposit method for horse racing sites in the United States.
Why can’t US players deposit at a betting site using PayPal?
PayPal only permits gambling transactions in jurisdictions where it is licensed. That is why it is available in Europe. Countries license online betting sites. Nevada and New Jersey online gambling sites are also permitted to use PayPal as a payment option. The online sports betting sites available to players outside of Nevada are not licensed. They are located offshore. PayPal refuses to do business with those sites.
Didn’t PayPal once process payments for offshore sites?
Yes. PayPal was once the main ewallet for offshore gaming sites that accepted US players. This included poker, casino, and sports betting. The company processed these payments from 2000 until November 2002. PayPal paid a $10 million fine to the US government for these transactions in a civil action.
Why do DraftKings and FanDuel accept PayPal?
DraftKings and FanDuel are daily fantasy sports sites. These businesses are considered to be skill gaming under most state laws. PayPal’s legal opinion is that processing payments for FanDuel and DraftKings are legal in all jurisdictions that it operates.
Can you use PayPal on bet365?
Yes. Many countries that host bet365 allow players to make deposits and withdrawals with PayPal
Can you use PayPal on 888?
Yes. When you are about to deposit you will be directed to a PayPal login page. Simply enter your email and PayPal password to access your account.
Does betway accept PayPal?
Yes. betway does permit PayPal as one of its banking methods. However, it may be necessary to open a PayPal account specific to the country in which one’s betway account resides.
History of PayPal in online betting
PayPal was the first major ewallet on the Internet. It allowed individuals the ability to send money to a company or another person. It became the most popular way to purchase an item on Ebay. It was also the top choice for online gambling sites that accepted Americans, although it was a trivial amount of PayPal’s total business.
Online Gambling Sites That Accept Paypal
Online gambling transactions accounted for about eight percent of PayPal’s entire processing business in 2002. PayPal had little business outside North America at the time. That has changed drastically and PayPal is now an international company that processes payments in over 100 countries.
eBay acquired PayPal in 2002. The company has since split and became two different companies in 2015.
eBay purchases PayPal
PayPal stopped processing online gambling payments almost immediately after the 2002 merger. This left the US online gaming market with a massive void. Firepay and Neteller quickly came to the rescue. Both of these companies ran into legal trouble in 2006 and 2007, respectively.
The combined company became the target of a federal investigation into its online gambling payment processing in 2002, even though PayPal was an independent company when the alleged transactions took place. The company agreed to pay a $10 million civil settlement to dispose of the case in US Court in the Eastern District of Missouri. The amount was estimated to equal the amount of profit PayPal made during the two years it processed online gambling payments.
PayPal returns to online betting
PayPal stayed out of the online betting business until 2009. That is when the company decided to start processing payments again for the online gaming industry. The difference is this time around, the sites PayPal did business within the sector were fully legal and licensed in the jurisdictions where PayPal processed payments. This generally meant that the United Kingdom was the only country where PayPal was available as a deposit and withdrawal option.
Betfair was the first online betting site to use PayPal in Europe. Maybe not coincidentally, Betfair never accepted US players for any of its offerings, even before the Unlawful Internet Gambling Enforcement Act went into effect in 2006. Before that time, virtually every online gambling site accepted US players.
Betfair is known as a betting exchange. It differs from a typical betting shop as it allows players to set buy and sell prices similar to a commodities or stock market. Betfair takes a percentage of the win. This gave PayPal a unique entry into a complicated industry.
It was not long before other UK sportsbooks got approved by PayPal to use it for payment processing. Bet365, Ladbrokes and William Hill were among the companies selected to expand PayPal’s European online gaming business. Other online gaming companies that accept PayPal include 888, bwin, PartyPoker and Paddy Power. PayPal continued to only permit its use for online gaming purposes in countries where the activity is specifically legal and licensed.
Bet365, Ladbrokes and William Hill are among the strongest online gaming brands in the world. Each specializes in sports betting with online poker rooms and casinos falling secondary to the main business. All three started out as live betting shops throughout the UK. Each started to move its business to the Internet in the mid-2000’s during the online gaming boom. Bet365 sold its bricks-and-mortar betting shops in 2005. Ladbrokes and William Hill continue to operate them, lending even more credibility to the online business.
Online Gambling Sites That Use Paypal
PayPal continued to operate its eBay and person-to-person business in the US. This included payment processing for traditional online businesses. It also permitted some uses within the skill gaming sector. This includes Worldwinner, a skill-based site owned by GSN. Worldwinner also processed payments to less traditional skill gaming sites that include Gamesgrid’s backgammon games and duplicate card games like spades, bridge and poker. Duplicate cards deal all players the same cards and score based on the difference in points between the participants.
PayPal enters daily fantasy payment processing
The next big move in the US for PayPal was daily fantasy sports. The contests are believed to fall under skill game laws in as many as 45 states, although there is some debate about the exact number where it is legal. Nonetheless, PayPal processes deposits and withdrawals for all sites in all states where daily fantasy companies operate.
New Jersey, the next step for PayPal
The next step for PayPal in the online gambling industry came in 2015. That is when PayPal and Caesars Interactive Entertainment started processing online poker and casino payments for WSOP.com and Nevada and New Jersey, as well as 888, Harrah’s Casino and Caesars Casino.
PayPal continues to be the largest ewallet in the world. Its movement back into the online betting industry helped it compete with Neteller and Skrill in Europe. Becoming a processor for big names like Betfair, Bet365, Ladbrokes and William Hill helped give it brand awareness in other countries where it may not otherwise have received the attention from players.
PayPal is one of the most important global payment and money transfer systems on the internet today. However, despite the massive popularity enjoyed by the site, PayPal online gambling is a relatively uncommon feature at internet casinos. That said, there are sites that will accept PayPal as a payment method, and when they do, it is one of the easiest and most convenient ways to fund online gambling accounts.
To find out more about using PayPal for online gambling payments and whether the payment provider is available to you, read on:
- Learn how to make an online gambling payment with PayPal
- Find out why PayPal isn't universally accepted
- Discover those sites where you can game with the payment system
How to Make PayPal Online Gambling Deposits
If you've ever made an online purchase using PayPal, you'll have a pretty good understanding of how PayPal online gambling works. While you can technically use PayPal in a basic manner without opening an account on the site, if you want to get the most from PayPal for online gambling, we definitely recommend doing so. This will also allow you to connect your PayPal account to credit cards or a bank account, giving you both a source of funding for your online gambling and a way to withdraw your winnings at a later date.
Once you have your PayPal account set up, visit the PayPal online gambling site of your choosing. In the cashier section, you should find PayPal listed as a payment option. From there, you'll need to input some basic information and let the site know how much money you'd like to deposit. You'll then be taken directly to your PayPal account, where you'll be able to determine exactly how to pay for the deposit. The money will then be instantly transferred to your gambling account, allowing you to begin gambling online with PayPal!
Why Isn't PayPal Gambling Online More Widely Available?
With PayPal being so popular, trusted, and easy to use, it's only natural to ask why it hasn't become a dominating force in online gambling payments. Certainly, just about every internet casino or gambling site would love to be able to offer PayPal online gambling deposits, but most never have the opportunity.
Until 2003, online gambling with PayPal was widespread; in fact, at that point, PayPal was the top internet gambling payment processor in the world. But that year, PayPal decided to stop accepting online gambling payments to ensure they were on the right side of any legal issues in the United States and other nations. PayPal online gambling came back in 2010, when the company said they were once again okay with allowing such transactions.
However, there was a major catch. PayPal was only willing to process payments for a select number of sites. In order to qualify for PayPal online gambling, a site needed to operate only in jurisdictions where online gambling was fully legal and regulated, thus excluding nations such as the United States. The sites must also be registered to operate in those jurisdictions. If a site meets these requirements and is approved, it can offer online gambling with PayPal.
Advantages to Online Gambling With PayPal
If PayPal online gambling is available to you, it may very well be the easiest way to make online gambling deposits. If you do any sort of business online, you may already have a balance in your PayPal account, meaning you won't have to find another funding source to use. If not, you can use PayPal as an intermediary between your bank account or credit cards and your online gambling sites.
Another plus to using PayPal is that it can also handle your withdrawals. Once you've transferred money from your gambling accounts to PayPal, you can hold the money there, withdraw it to your linked bank account, or use it to make a PayPal online gambling deposit elsewhere.
Only the Best PayPal Online Gambling Sites
If you want to gamble online with PayPal, we'll help you find the best sites that offer this e-wallet as an option. The top PayPal sites are not only ones that allow you to make deposits this way, but also ones that are reliable, safe, and fun to play at. Our staff has reviewed and rated all of the best PayPal online gambling sites, allowing you to find the ones that are right for you.
Our reviews cover a whole range of topics that are important to reads who want to enjoy online gambling with PayPal. We cover the games at each site, the quality of the software, how favorable the odds are for players, and the bonus offers available for new signups. By relying on the reviews here at Gambling.net, we're confident that you'll find the PayPal online gambling sites that are right for you.
PayPal FAQ
Is using PayPal at online casinos safe?
PayPal is one of the safest online payment methods available in 2020, as you only provide the casino with your PayPal email address in order to transfer real cash. Of course, the transactions' safety also depends on the casino you have chosen, so only create accounts and deposit money at casinos you trust.
Why should I use PayPal to gamble online?
There are many reasons that make PayPal an excellent online banking method: it's a safe and secure way of transferring money which is widely accepted by websites and online services. PayPal also provides very quick transfers at minimal transaction fees, making it apayment method that is superiorto others online.
Can I deposit & withdraw using PayPal, and are there fees?
Yes, you can both deposit real cash and withdraw your real cash winnings through PayPal. PayPal charges minimal fees per each transaction, making it more worth it to transfer larger amounts at one go.
How fast are deposits and withdrawals using PayPal?
Deposits with PayPal are almost instant – soon after you issue the payment notice to the casino, the money will be in your gaming account. Withdrawals can take a little longer, but usually you can have the cash in your PayPal account within 3 working days.