PayPal Betting Sites
The best legal PayPal betting sites & sign-up promos in the US
Top 10 US Betting Sites that Accept PayPal
Betting Site | Sign Up Bonus | Pros & Cons | |||||
---|---|---|---|---|---|---|---|
#1 |
Get up to $1000 in No Sweat Bets |
Pros & Cons Exceptional FanCash Rewards Program Best book for Existing Customer Promos Top Tier Same Game Parlay Options NFL Live Streaming No Credit Cards Only available on mobile |
T&C Apply
Get up to $100 Back in Bonus Bets if Your Bet Loses for 10 Straight Days (Up to $1,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/KY/LA/MD/MA/ MI/NC/OH/PA/TN/VT/VA/WV/WY/DC only. Different offer available in NY. Must opt-in and make a qualifying wager of $1+. One qualifying wager per day. Qualifying cash wager must have odds of -500 or greater. If the qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $100 per day. Bonus bets paid out within 72 hours of qualifying wager settlement. Bonus Bets expire 7 days from issuance. See full T&C at Fanatics Sportsbook. | ||||
#2 |
Bet $5, Win $150 in Bonus Bets + 3 Months of NBA League Pass |
Pros & Cons Daily Fantasy, Sportsbook, Casino and Horse Racing & more Best Parlay Betting in the US One of the most complete & user-friendly apps in the US In-App Live Streaming for NFL, MLB, NHL, & more Lacks a robust Loyalty Program Odds Boosts limited to $50 wagers |
T&C Apply
Place a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass Win or Lose 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel. | ||||
#3 |
Bet $5, Get $150 or $1,000 First Bet Safety Net |
Pros & Cons Widest selection of betting markets in the world Second-to-none Live Betting platform Fantastic features (Early Payouts, Parlay Builder, SGPs, Bet Boosts) Highly competitive odds Could improve Prop and Boost offering for US markets Limited streaming of American Sports leagues |
T&C Apply
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 Bonus Bets. Must contain at least one selection at odds of -500 or greater. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expire in 7 days. See full T&C at Bet365. #ad | ||||
#4 |
Bet $5, Get $200 in Bonus Bets Instantly |
Pros & Cons Sportsbook, Casino, Daily Fantasy Sports & DK Horse Huge selection of betting markets Fantastic SGP and Microbetting options Tons of Odd Boosts and Daily Promos #1 App for Beginners Limited Live Streaming options No Support via Phone |
T&C Apply
Get $200 in Bonus Bets After Your First Real Money $5 Wager 21+. 1 per new customer. Offer available in AZ/CO/CT/DC/IL/IN/IA/KS/KY/LA (select parishes only)/MA/MD/ME/MI/NC/NJ/ NY/OH/PA/TN/VA/VT/WV/WY. Min $5 deposit + Min $5 qualifying wager. Max bonus amount of $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. See full T&C at DraftKings. | ||||
#5 |
Double Your Winnings on Your Next 10 Bets |
Pros & Cons Top Site for Odds Boosts Exceptional Loyalty Rewards Program Superb Mobile & Desktop design NFL Live Streaming Live odds not as good as competitors |
T&C Apply
Get 10 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code BBDYW. AZ/CO/IL/IN/IA/KS/KY/LA/ME/MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive ten 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars. | ||||
#6 |
2nd Chance Bet up to $500 |
Pros & Cons MLB & NHL Live Streaming (& more) Generous bonus offers & Top Tier Loyalty Program Highly rated Live Betting Platform Award-Winning Customer Support Wide betting variety and competitive odds Web & Mobile interface needs work Limited Same Game Parlay options |
T&C Apply
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500 ($250 in CO/NJ, $100 in NY/OH/AZ/WV/IA). Full T's & C's apply, see BetRivers for more details. | ||||
#7 |
Up to $300 Cash Back Exclusive Promo Code: MBSST |
Pros & Cons Best odds in the US (& great Arbitrage opportunities) No limits on wagers Peer-to-peer 'Betting Exchange' model lets you set your own prices Trade sports outcomes like stocks Limited Markets and Betting options (No Parlays) Very few Deposit & Withdrawal Methods Only available on mobile |
T&C Apply
Up to $300 Cash Back over the first 7 days 21+ only. New customers only. NJ/CO only. Deposit required. Earn 3% cash back on each qualifying wager through the first 7 days of betting, up to $300. The promotional period begins after the first wager. Cash back will be awarded within 72 hours at the end of the player's 7 day period as a single sum. See full T&C at Sporttrade. | ||||
#8 |
Bet $5 & Get $100 in Bonus Bets |
Pros & Cons Fantastic Flex Parlay feature Superb Live Betting platform Offers Microbetting on all major leagues Top-notch rewards program No live streaming options Bland app/web design |
T&C Apply
Bet $5 & Get $100 in Bonus Bets 21+. AZ/NJ/TN/VA only. Different offer(s) available in FL/IA/IN/OH. New customers only. Must make a deposit and qualifying wager of $5+. Qualifying bet must have odds -250 or longer (i.e., +100, -110). Bonus Bets will be split up into 5 $20 Bonus Bets. Bonus Bets will be loaded into accounts on bet placement. Bonus Bets will expire 14 days after issuance. See full T&C at Hard Rock Bet. | ||||
#9 |
Bet $20, Get $100 |
Pros & Cons Great Low Risk, High Reward Welcome Promo Trusted and well-known brand in NJ & PA Uses same UX as BetMGM Limited availability - sportsbook only in NJ |
T&C Apply
21+. New customers in NJ only. Qualifying deposit (min $20) required. First online real money wager required (min $20, odds -200 or greater). Bonus issued as non-withdrawable bonus bets that expires in 7 days. See full T&C at Borgata. | ||||
#10 |
$500 First Bet Insurance Promo Code: MBSCS |
Pros & Cons Native Maryland sportsbook Generous promos for MD bettors Daily Free Pick'em games Good Live Game tracking Mobile App + Web Interface is somewhat clunky Limited Payment Methods (No PayPal or Venmo) Only available in Maryland |
T&C Apply
Get Your First Bet Refunded 100% up to $500 in Bonus Bets 21+. New customers located in MD only. Minimum $10 deposit. Must make qualifying cash wager with odds of -120 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake. See full T&C at Crab Sports. |
PayPal betting sites
When it comes to finding the most fast, secure, and convenient way to place your bets online, PayPal betting sites are one of the sought after amongst US bettors.
With over 300 million active users across the globe, PayPal is not just the world's top e-wallet—it's also one of the most widely accepted payment methods online thanks to its user-friendly interface, robust security measures, and speedy transactions.
When it comes to online betting, PayPal stands out by offering instant deposits and speedy withdrawals, all while ensuring your financial information remains private.
This guide will delve into the benefits of using PayPal for online betting, and help you find the top PayPal gambling sites for your needs!
PayPal Deposits on Betting Sites
Using PayPal to fund your sports betting account is one of the best methods to get you in the game faster and more efficiently.
If you are one of the millions of people that already have a PayPal account, making a deposit into your sportsbook account will only take a matter of seconds.
If you don't have a PayPal account, no need to worry - setting one up and connecting it to a payment method should not take longer than 5 minutes.
PayPal Betting Site Deposits with No Fees
While PayPal offers the option to be linked to your bank account, debit card, or credit card, we highly recommend that you opt for a direct link to your bank account over adding a debit or credit card, as depositing to PayPal via credit card may incur additional fees that will eat into your betting budget.
How to Deposit at PayPal Gambling Sites
Check out our top-list of the best PayPal betting sites and choose the sportsbook you would like to try out.
Most US betting sites offer attractive welcome bonuses to new players making their first deposit via PayPal, so make sure to choose one that offers great value for your money.
Once you have completed the registration process, its time to make your first deposit.
Unsurprisingly, most online betting sites will make it very easy to navigate to the deposit section of the site, which is usually one click away from the home page via your account 'hub'.
Once you're on the deposit screen, you'll typically be able to select from a range of different payment methods.
Choose PayPal as your preferred option and select how much you wish to deposit. The minimum PayPal deposit at most online betting sites is $5, however some sites may have higher limits than that.
If you've used PayPal before, you'll be very familiar with this step.
Once you choose the amount you wish to deposit, you will be redirected to a PayPal verification screen, where you will need to enter your username and password to authenticate your account.
If you do not have a PayPal account, at this point you'll be prompted to create a new account and link your bank account, debit card, or credit card to your PayPal account for funding.
Once you've approved the payment, you'll be returned to the betting site.
Once you have authenticated your payment, it will be a matter of seconds before your payment is processed successfully.
As soon as the deposit is confirmed, you will be able to use the funds in your account to place bets on any market you wish right away!
Withdrawing from PayPal Betting Sites
When it's time to withdraw your winnings from a PayPal betting site, the payout experience is usually as easy and straight-forward as making a deposit - though not quite as fast, of course.
Each sportsbook has its own timeline for handling withdrawals, however, the top betting sites usually process withdrawals within 1-3 business days.
While withdrawals via debit card or bank wire will take a few more business days to hit your bank account, with PayPal, once the betting site approves your payout the funds will be transferred to your PayPal account within a matter of minutes.
Do keep in mind, however, that withdrawals processed via PayPal will not go directly to your bank, but rather your PayPal ewallet. From there, you can decide whether you want to keep the funds in your PayPal account to spend online, send cash to a friend, make further betting deposits later on, or if you want to cash out your PayPal balance back to your bank.
If you choose to transfer your PayPal funds to a credit or debit card, anticipate a 2-3 day waiting period before the money lands in your account.
PayPal Withdrawal Fees
Although most betting sites do not charge any processing fees for PayPal withdrawals at their end, PayPal may charge a small transaction fee on their side.
The easiest way to avoid this is to keep the funds in your PayPal account, and then use it directly from PayPal for your ecommerce or betting needs.
HOW TO WITHDRAW USING PAYPAL BETTING SITES
- Navigate to the withdrawal menu at your preferred sportsbook.
- Select PayPal as the withdrawal method and confirm the amount.
- Confirm the transaction - funds may take up to 24-48 hours to be credited.
Welcome Promos for PayPal Betting Sites
In order to win your business, the top PayPal betting sites in the US will offer you juicy bonuses and promos designed to provide you with a lot more value for your PayPal deposit and enhance your betting experience.
At MyBettingSites, we’ve done all the hard work for you and have put together a list of the top betting site welcome offers that are valid when depositing via PayPal:
Betting Site | Sign Up Bonus | ||||
---|---|---|---|---|---|
#1 |
Bet $5, Get $150 or $1,000 First Bet Safety Net |
T&C Apply
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 Bonus Bets. Must contain at least one selection at odds of -500 or greater. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expire in 7 days. See full T&C at Bet365. #ad | |||
#2 |
Get up to $1000 in No Sweat Bets |
T&C Apply
Get up to $100 Back in Bonus Bets if Your Bet Loses for 10 Straight Days (Up to $1,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/KY/LA/MD/MA/ MI/NC/OH/PA/TN/VT/VA/WV/WY/DC only. Different offer available in NY. Must opt-in and make a qualifying wager of $1+. One qualifying wager per day. Qualifying cash wager must have odds of -500 or greater. If the qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $100 per day. Bonus bets paid out within 72 hours of qualifying wager settlement. Bonus Bets expire 7 days from issuance. See full T&C at Fanatics Sportsbook. | |||
#3 |
Double Your Winnings on Your Next 10 Bets |
T&C Apply
Get 10 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code BBDYW. AZ/CO/IL/IN/IA/KS/KY/LA/ME/MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive ten 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars. | |||
#4 |
Bet $5, Win $150 in Bonus Bets + 3 Months of NBA League Pass |
T&C Apply
Place a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass Win or Lose 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel. | |||
#5 |
Bet $5, Get $200 in Bonus Bets Instantly |
T&C Apply
Get $200 in Bonus Bets After Your First Real Money $5 Wager 21+. 1 per new customer. Offer available in AZ/CO/CT/DC/IL/IN/IA/KS/KY/LA (select parishes only)/MA/MD/ME/MI/NC/NJ/ NY/OH/PA/TN/VA/VT/WV/WY. Min $5 deposit + Min $5 qualifying wager. Max bonus amount of $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. See full T&C at DraftKings. | |||
#6 |
2nd Chance Bet up to $500 |
T&C Apply
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500 ($250 in CO/NJ, $100 in NY/OH/AZ/WV/IA). Full T's & C's apply, see BetRivers for more details. | |||
#7 |
$500 First Bet Insurance Promo Code: MBSCS |
T&C Apply
Get Your First Bet Refunded 100% up to $500 in Bonus Bets 21+. New customers located in MD only. Minimum $10 deposit. Must make qualifying cash wager with odds of -120 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake. See full T&C at Crab Sports. | |||
#8 |
100% Deposit Match up to $250 |
T&C Apply
Get Your First Deposit Matched 100% up to $250 in Bonus Bets 21+. New customers located in AZ only (excludes Indian lands). Minimum $100 deposit. Bonus amount is equal to 100% of the deposit amount, not to exceed $250. Must wager deposit plus bonus amount (“Wagering Requirement”) in order to meet the wagering requirements for this Promotion. Bonus Money expires after 14 days of issuance. See full T&C at Desert Diamond. | |||
#9 |
Up to $300 Cash Back Exclusive Promo Code: MBSST |
T&C Apply
Up to $300 Cash Back over the first 7 days 21+ only. New customers only. NJ/CO only. Deposit required. Earn 3% cash back on each qualifying wager through the first 7 days of betting, up to $300. The promotional period begins after the first wager. Cash back will be awarded within 72 hours at the end of the player's 7 day period as a single sum. See full T&C at Sporttrade. | |||
#10 |
Bet $20, Get $100 |
T&C Apply
21+. New customers in NJ only. Qualifying deposit (min $20) required. First online real money wager required (min $20, odds -200 or greater). Bonus issued as non-withdrawable bonus bets that expires in 7 days. See full T&C at Borgata. |
If you are considering using PayPal for your online betting, it's essential for you to weigh both the positives and negatives that will affect your overall betting experience.
From the convenience and security benefits to the drawbacks like potential fees and additional steps for accessing your winnings, our goal is to provide a clear picture of what using PayPal means for your user experience.
Using PayPal on Betting Sites: Pros & Cons
Betting With Paypal: Benefits
PayPal is a leading international online payments brand and has developed a reputation as a safe and secure platform.
When depositing via PayPal, users’ bank details are not shared with the betting site.
This is because PayPal acts as a ‘middleman’ between its users and the merchants (in this case the online sportsbook).
Using Paypal can therefore provide a level of reassurance to new players looking to make their first deposit, as users can better rely on the safety and security of a major international brand like PayPal.
Withdrawals to PayPal are often processed faster than withdrawals to debit card.
PayPal is a satisfyingly quick payment option, once you’ve linked it up with the relevant bank account. With most operators, money you deposit via PayPal will be in your account and ready for betting within a matter of seconds. With some sportsbooks, you can even set up a PayPal billing agreement to enable one-click PayPal deposits.
Withdrawals to PayPal are often processed much faster by betting sites than withdrawals to debit cards.
PayPal withdrawals are typically processed within 24 hours, compared to 1-5 business days for a typical card transaction.
Pros of Using PayPal for Betting
- Speed of Transactions: PayPal offers instant deposits, meaning you can fund your betting account and start placing bets without delay. Withdrawals are also impressively fast, with funds often available in your PayPal account within 24 hours.
- Enhanced Security: Security is a top priority for PayPal. The platform uses advanced encryption technologies to protect your financial information. Betting with PayPal means you never have to share your bank details directly with the betting site, adding an extra layer of privacy and protection.
- Ease of Use: PayPal's user-friendly interface makes it straightforward for anyone to use. Whether you're making a deposit or withdrawing winnings, the process is quick and hassle-free, allowing you to focus more on making the right bets.
- Widespread Acceptance: Many leading betting sites accept PayPal, giving you a wide range of options for online sports betting, casino games, and other betting activities. This widespread acceptance makes it easier for you to choose sites that best suit your betting preferences.
- Budget Control: PayPal offers tools and features that help you monitor and control your spending, making it easier to manage your betting budget effectively.
Betting With Paypal: Disadvantages
While using PayPal for online betting offers many advantages, like quick transactions and enhanced security, there are also some potential drawbacks to consider:
- Transaction Fees: When funding your PayPal account with a credit card, PayPal may charge a fee, which can add to your overall betting costs. While many transactions are free, especially when using a linked bank account or existing PayPal balance, the fees for certain types of transactions can be a downside for some users.
- Additional Step for Withdrawals: When you withdraw winnings to your PayPal account, transferring those funds to your bank account involves an additional step. While PayPal itself offers fast withdrawal times from betting sites, transferring money from PayPal to your bank may not be instant. Depending on your bank and the specific transaction, it could take a few business days for funds to appear in your bank account.
- Withdrawal Limits: Some betting sites may have lower withdrawal limits for PayPal compared to other payment methods. This could be a disadvantage for high rollers or those looking to withdraw large winnings at once.
- Verification Processes: Setting up and verifying a PayPal account can take some time and requires providing personal and financial information. While this is a security measure, it might be seen as a hassle compared to other payment methods that require less verification.
Despite these potential disadvantages, PayPal remains a popular choice for online betting thanks to its convenience, speed, and security. Bettors should weigh these cons against the pros to decide if PayPal is the right payment method for their betting activities.
How to Choose the Best PayPal Betting Sites
Selecting the right PayPal betting site is crucial for a secure and enjoyable betting journey. Here are key factors to consider when making your choice:
- Reputation and Licensing: Ensure the site is reputable and licensed by recognized authorities. A license from a reputable regulator is a sign of reliability, fairness, and security.
- User Experience: The site should offer a smooth, user-friendly interface on both desktop and mobile platforms. Easy navigation, quick access to various betting options, and a stable platform are essential for a satisfactory betting experience.
- Betting Options and Odds: Look for sites offering a wide range of betting options across different sports and events. Competitive odds are crucial for maximizing your potential returns.
- Bonuses and Promotions: Compare the bonuses and promotions available for PayPal users. Look for welcome bonuses, free bets, and loyalty programs that add value to your betting experience.
- Customer Support: Effective customer support is vital. Ensure the site offers multiple channels for support, such as live chat, email, and phone, with a responsive and helpful service team.
- Security Measures: Apart from using PayPal, the site should have its own robust security measures to protect your data and transactions, including SSL encryption and two-factor authentication.
- Withdrawal Speeds and Limits: Consider the withdrawal speeds and any associated fees. The best PayPal betting sites offer fast withdrawals with high or no withdrawal limits.
- User Reviews and Feedback: Reading reviews and feedback from other users can provide insights into the site's reliability, customer service quality, and overall user satisfaction.
By carefully evaluating these factors, you can select a PayPal betting site that offers a safe environment, valuable betting opportunities, and a positive overall experience.
If you are looking for the quickest way to deposit and withdraw funds out of your betting account, but do not want to use PayPal for this purpose, there are many other betting site payment methods that can also provide a fast and easy payment experience.
Debit card is a common payment method for online betting sites.
Credit cards and Debit cards are probably the most obvious way to deposit money at your preferred online betting site. The most standard and common method for making transactions online, using your card is a fantastic option to get funds to your account in a matter of minutes.
However, getting your winnings credited back to your bank via this method will take much longer to process than a transfer to an ewallet.
Luckily, PayPal is not the only e-wallet on the block though - numerous competitors have emerged over recent years. Here’s how PayPal stacks up against them for online sportsbook deposits:
PayPal Alternatives for Online Betting
- PayPal vs Venmo
Venmo is a popular mobile app (owned by PayPal) that allows users to send and receive funds. Originally aimed at giving groups of friends a fuss-free way to, for example, split the bill at a restaurant or share the cost of a gift, users can now make payments to businesses online.
Offering a unique blend of social features and user-friendly design, Venmo operates as a digital wallet that allows users to link their bank accounts, debit, and credit cards for easy money transfers, ensuring your financial details are kept confidential and only shared with Venmo.
Setting up and linking a Venmo account for quick deposits and withdrawals is a simple process, and there are no fees charged for sending money to and from your bank.
Why choose Venmo?
- Ease of Use: Venmo is the laid-back, user-friendly cousin in the family. Setting up and using an account for betting is as easy as sending a text, making it perfect for both betting newbies and seasoned pros who want a no-fuss option.
- Speedy and Fee-Free: Like PayPal, Venmo offers quick transactions so you can make instant deposits. But what makes Venmo stand out is its approach to bank transfers. Sending money to and from your bank account is free, which can be a game-changer for regular bettors.
- Privacy with a Social Twist: Even though Venmo is all about sharing, you have control over what gets shared. So, you can celebrate your wins with your circle but keep your financial details private, sharing only with Venmo itself.
- PayPal vs Apple Pay
ApplePay, introduced to the e-wallet scene in 2014, seamlessly blends into the ecosystem of Apple devices like the iPhone, Apple Watch, iPad, and Mac computers.
This integration makes depositing on betting platforms not only incredibly convenient but also highly secure, as Touch ID, Face ID, or a passcode are required as an added layer of security, eliminating the needs to manually enter payment details every time.
Limited only to bettors using Apple products, transactions with participating betting sites are some of the smoothest and fastest transactions you will find, leveraging the tech giant's widespread device usage across the country.
Why choose Apple Pay?
- Enhanced Security: Apple Pay is renowned for its advanced security features. Each transaction is authorized with Face ID, Touch ID, or passcode, and a unique transaction code.
- Convenience and Speed: Deposits via Apple Pay are processed instantly, allowing bettors immediate access to their funds and the ability to start wagering right away.
- Privacy and Anonymity: Apple Pay doesn't share your credit or debit card numbers with betting sites, ensuring your financial data stays protected and your betting activities remain private.
- PayPal vs Skrill
Skrill serves as a versatile digital wallet, facilitating online payments for a diverse range of different products and services, including gambling, retail shopping, and financial trading. It’s a key player within the Paysafe Group family.
Part of the Paysafe group, functions similarly to PayPal, offering its services across a broad spectrum of countries around the world, and supporting transactions in 40 different currencies. All of their transactions are instant, making it especially attractive for bettors looking for instant deposits to place a wager on a time crunch,
One notable reason for Skrill's popularity among bettors is its competitive edge when it comes to fees—charging a service fee of 2.99% compared to PayPal’s 4.50%.
Unfortunately, while Skrill is a major player in Europe, it is not a widely accepted method in the US betting market, making it a less ubiquitous option for American bettors compared to more widely accepted methods.
Why choose Skrill?
- Lower Fees: One of the main advantages Skrill has over PayPal is their lower service fees charged when sending funds to and from your bank, charging 2.99% to PayPal’s 4.50%.
- Security and Privacy: Skrill prioritizes user security with advanced encryption and fraud detection systems. By using Skrill, bettors can deposit funds without exposing their bank or card details, offering an additional layer of privacy and security.
- Speed and Convenience: Transactions made through Skrill are processed almost instantly with just a few clicks, allowing bettors quick access to their funds.
About PayPal
The first version of PayPal’s electronic payments system was launched in 1999. In March 2000, PayPal (then called Confinity), was acquired by a company run by Elon Musk (now well-known for SpaceX and Tesla). Musk decided to focus the company exclusively on PayPal.
Paypal went public on the New York Stock Exchange in 2001, with the IPO generating over $61 million. In 2002, eBay purchased PayPal for $1.5 billion and PayPal became the de facto default payment method for eBay purchases.
PayPal was spun off by eBay into a separate public company in 2015. It boasts almost 400 million active users - that's roughly equivalent to the entire population of the USA and UK, combined!
PayPal is available in more than 200 countries/regions and supports 25 currencies.
PayPal Betting Sites FAQs
Most US sports betting sites accept PayPal as a payment method, including:
- Caesars Sportsbook
- FanDuel Sportsbook
- DraftKings Sportsbook
- bet365
- BetRivers
- Hard Rock Bet
- Fanatics Sportsbook
- SportTrade
Click here to check the latest sign up offers for these top PayPal sportsbooks
Of course! PayPal is one of the top methods used by US bettors to deposit into their betting accounts.
As such, most sportsbooks will offer juicy sign up promos to new customers depositing via PayPal deposits, trying to win over your business from a crowded field of competitors.
You can check out all the latest available sports betting promos here.
No, there are usually no fees for depositing at an online betting site using PayPal.
One way that PayPal makes money is by charging a transaction fee to the payment recipient for each transaction that it handles. However, most sportsbooks decide not to pass this cost on to the bettors using PayPal, as they want to make it free and painless to deposit into your account,
Note, however, that PayPal may charge a fee at their end to process any withdrawals from PayPal account back to your bank.
Yes - PayPal has built a strong reputation internationally for providing safe and secure online payments.
One key aspect of using PayPal as a ‘middleman’ is that you only need to share your bank details with PayPal rather than with each individual sportsbook that you sign up with and deposit at using PayPal.