The New York Post presents the best sports betting sites that accept PayPal in 2022. Discover the best sports betting sites that accept PayPal and claim fantastic new customer promotions.
Benefits of using PayPal to bet
PayPal offers players a fast, secure and private deposit or withdrawal method. There are many advantages to using PayPal, some of the best of which are highlighted here.
Widely accepted for online betting
PayPal is one of the most widely accepted e-wallet providers on US sports betting sites. It can also be used at a wide range of online retailers and service providers, so having a PayPal account is useful.
Many punters like to hold accounts with multiple sportsbooks. This allows them to receive multiple bonuses and claim the best odds available on each game.
You can use PayPal to fund a variety of sports betting accounts and then monitor your overall profit or loss through your PayPal account, giving you more control over your bets.
A mobile-friendly payment option
You can make mobile sportsbook transfers in seconds using the PayPal app. This saves you from having to enter your card details on your mobile screen. You can then quickly start betting on the NBA, MLB, NFL and many other popular sports leagues.
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Instant deposits and fast withdrawals
You can enjoy instant deposits at top PayPal betting sites. Your funds will appear immediately when you move them from your PayPal eWallet.
As soon as you see them, you can start betting on your favorite sports such as hockey, football and soccer, including making NFL futures bets. PayPal withdrawals often arrive within hours.
It’s much faster than withdrawing to a bank account or debit card. You can also avoid PayPal fees when transferring money to a US bank account.
A secure payment method
You do not need to enter your card details when topping up your sports betting account balance via PayPal.
Many bettors find this reassuring from a security perspective. PayPal itself has extremely powerful encryption software. All suspicious transactions are flagged and you never have to worry about security when using PayPal.
Claim a PayPal credit card
PayPal now offers its own range of debit and credit cards. You can earn 2% cash back on PayPal MasterCard cards or claim customer points on purchases with your PayPal Extras MasterCard.
States that allow sports betting with PayPal
Many states that have legalized online sports betting have allowed bettors to use PayPal as a form of payment. The following states allow PayPal as a deposit/withdrawal method:
- New Hampshire
- New Jersey
- new York
- Rhode Island
- West Virginia
As more states move towards legalizing online sports betting, it’s likely that these too will accept PayPal as a form of payment.
Connecticut is the only state that has legal online sports betting that does not allow PayPal as a payment method.
How to Create a PayPal Account
- Visit paypal.com or download and install the PayPal app on your mobile device.
- Click on the “Register” button (personal account)
- Enter your email address, your name and create a password.
- Provide the required personal information (your first and last name, address, city, state, zip code, cell phone number).
- Check the box to agree to PayPal’s required policies and agreements.
- Fund your account by selecting the type of card you wish to use and enter your card details
- Verify your account by confirming your email address.
How to deposit with PayPal
Once you’ve created and funded your PayPal account, you’re ready to deposit with PayPal.
- Go to the online bookmaker of your choice
- Click on ‘Cashier’ or ‘Deposit’ depending on your bookmaker
- Select the PayPal option from the deposit menu
- Enter the amount you wish to deposit and press confirm
- You will be redirected to the PayPal site, where you can check the amount and information
- Click “Send Money Now” and your funds will be transferred to your sports betting account
How does PayPal work?
How PayPal Works
PayPal vs other payment methods
PayPal versus credit cards
Credit cards such as Visa and MasterCard offer high level security and fast payments. You can also earn cash back and reward points on your purchases.
However, credit card acceptance rates at US sportsbooks are not great, with many banks preventing you from depositing online sportsbooks.
Credit card deposits also act as “cash advances”, which typically incur a fee of around 3% on the total amount.
PayPal vs Debit Cards
Debit cards allow instant transactions from your checking account. Debit card minimum deposits can also be quite low.
However, as with credit cards, debit card acceptance rates are still not 100% in the US and you will need to check if your bank allows you to deposit at betting sites.
PayPal vs. ACH/eCheck
An electronic check is an online payment method that allows you to transfer funds from your bank account.
An e-voucher provider such as VIP Preferred offers safe and instant transactions and is widely accepted in legal and regulated US sportsbooks, that’s all you’ll find at Bookies.com.
Electronic check acceptance rates in the United States are high.
PayPal vs. PayNearMe
PayNearMe is a great option if you want to fund your online sports betting account with cash.
Visit your local 7-Eleven, Family Dollar, Walmart or CVS store and deposit money into your game account.
PayNear takes a small percentage of your deposit from me and cannot be used for withdrawals.
PayPal vs Wire Transfer/Bank Transfer
Bank transfers are widely accepted in regulated US sportsbooks, with transfers quick and easy. As with credit cards, acceptance rates may vary depending on your bank.
Always check with the cashier to see which US banks allow transfers to gaming accounts.
PayPal vs Play+ prepaid card
A prepaid card like Play+ is a great alternative to e-wallets like PayPal. You can fund your Play+ card with credit or debit cards and transfer the money securely to your sports betting account. You can even withdraw funds to a physical Play+ card from any participating ATM.
PayPal Betting Sites FAQ
Can you use PayPal to bet?
Yes, PayPal can be used as a secure deposit and withdrawal method when betting online.
Which betting sites accept PayPal?
The following New York sports betting sites all accept PayPal.
- Caesars Sportsbook
- FanDuel Sports Betting
Can I withdraw my winnings with PayPal?
PayPal can be used as a withdrawal method. Payments take up to 24 hours to process, but are usually faster.
What is PayPal?
PayPal is an online payment system that lets you pay for things online and send and receive money securely. When you link your bank account, credit card, or debit card to your PayPal account, you can use PayPal to make online purchases at participating stores.
Is PayPal secure?
PayPal is highly secure, with some of the best end-to-end encryption available. Two-factor authentication is available, with every account password secured.
Am I charged for using PayPal?
There are no fees for depositing or withdrawing money from your PayPal account, and you are not charged for keeping money in your PayPal account. Fees arise when you send or receive a payment from someone in another country.
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