PayPal is a popular e-wallet used throughout the United States and all over the world. It’s frequently the means of payment when buying items at online auction sites like eBay.com. It’s also frequently offered as a payment method by online businesses, financial trading sites, web hosting companies, and freelance labor platforms. PayPal’s relatively low transaction fees, quality risky management, and protections for both buyers and sellers make it a reliable way to pay for goods and services without the risk that comes with money orders, ACH transactions, or bank wires.
You can create a new PayPal account or use your existing account to fund your sports betting or online casino player account. Best of all, transactions are near instant and online sports betting sites do not charge any deposit fees.
Sports Betting Sites that accept PayPal
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Table of Contents
- Sportsbooks that accept PayPal
- What is PayPal?
- Before You Deposit
- How to Deposit
- Help with PayPal Deposits
- Processing Fees
- PayPal Deposit Alternatives
- How to Withdraw Money
- PayPal Pros
- PayPal Cons
- PayPal Deposit FAQs
PayPal Deposit Sportsbooks
BetRivers
Look no further than BetRivers when it comes to a trusted sports betting name. With a vast selection of bets and sports leagues from around the globe, novice and experienced bettors alike will not be disappointed.
Signing up is quick and easy, allowing players to get started in minutes. Live in-gaming betting gives you plenty to bet on even if your team has already won the game.
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BetRivers PayPal Deposits
BetRivers welcomes PayPal as a fast and easy deposit option for new or existing customers. Best of all, BetRivers won’t charge any fee for your PayPal deposit. If you don’t have a PayPal account already, creating a new one takes less than 5 minutes. If you already have a PayPal account, you’re in business. Simply visit BetRivers’ cashier page and select PayPal. Then, follow the same process as would at any other online business to transfer funds to your BetRivers sports betting or online casino account.
Alternative BetRivers deposit methods include credit cards like Visa, Mastercard, or Discover, VIP Preferred eCheck, or bank transfer. You can also deposit with VanillaCash and PayNearMe. Just make sure to check the fine print as there may be restrictions depending where you live.
What We Like About BetRivers
Reputation is key and BetRivers is among the most revered sportsbooks in the United States. Depositing and withdrawing money is simple and safe, there are a ton of sports betting options, a full-service casino, and one of the smoothest user interfaces in the industry.
With a ton of domestic and foreign sports leagues to choose from, finding a bet has never been simpler. There are also a ton of promotions and new player offers, especially before the start of major sports seasons.
Finally, look to BetRivers for the NBA, NHL, NFL, MLB, US collegiate sports, and European soccer seasons. This diamond in the rough offers competitive single-game and futures odds for most major sports.
BetRivers Deposit Help
BetRivers offers customer support through email, live chat, and a comprehensive help center with detailed FAQs.
BetMGM
Name recognition is important in the sports betting world and there is none bigger than BetMGM. BetMGM has been one of the most recognizable names in brick-and-mortar casinos. It comes as no surprise that they are also a major name in online sports betting.
BetMGM gives bettors the opportunity to wager on all of the best sports action in North America and Europe. Their industry-leading user interface offers customers a superior experience.
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BetMGM PayPal Deposits
Using your PayPal account to fund your BetMGM sports betting or online casino account takes minutes. After selecting PayPal from the deposit options page, carefully enter your PayPal email and password. Then select a deposit amount and confirm the transaction. Funds will transfer to your BetMGM account in no time. Even better, BetMGM does not charge any fees for those making PayPal deposits.
There are many other ways to deposit money to your BetMGM account. Credit card deposits using MasterCard and Visa will credit almost instantly to your account. BetMGM also accepts bank transfer deposits, VIP Preferred ACH, Apple Pay, Cash at Cage (where available), Bank Wires, and the Play+ card.
What We Like About BetMGM
BetMGM has become one of the top industry names for many reasons. Their site is easy to use and navigate, making it friendly for those who are less tech-savvy. BetMGM offers lines and odds for all major US and European sports. Best of all, you’ll quickly find that BetMGM’s selection of straight, futures, and exotic bets can’t be beat.
There is also the matter of their rewards program. Available both in-person and online, BetMGM’s program helps players make the most of their bets. They also have streaming for some games, allowing players to follow along with their wagers.
Review BetMGM’s odds for the NFL, NHL, NBA, MLB, racing, US and international soccer, collegiate basketball and football, and more.
BetMGM Deposit Help
BetMGM offers customer support through email, live chat, phone, and a comprehensive help center.
What is PayPal?
PayPal was initially founded as Confinity in 1998, before eventually going public in 2002. It’s commonly known as an electronic wallet, or e-wallet. The term “e-wallet” is somewhat a misnomer, as various US state and federal regulators consider it a money transfer service, not unlike MoneyGram or Western Union. The difference is that customers can maintain a balance in their PayPal accounts, depositing and withdrawing money as they see fit. PayPal users can pay for goods and services at any website or business that accepts PayPal, making it ideal for e-commerce websites, online service providers, freelance labor, and small businesses.
PayPal Returns to US Online Gambling Market
PayPal stopped processing deposits and withdrawals to online gambling sites on July 31, 2002, when it was acquired by eBay for $1.5 billion. In August 2002, PayPal settled a suit for $200,000 filed by New York Atty. Gen. Eliot Spitzer alleging that PayPal’s facilitation of online gambling payment had broken state laws.
In late March 2003, U.S. Atty. Ray Gruender of St. Louis sent eBay a letter arguing that its newly acquired PayPal unit had violated the 2001 USA Patriot Act passed six weeks after the September 11, 2011 terrorist attacks. Though eBay was never formally charged, it subsequently settled with the government for $10 million and was required to maintain a 2-year corporate compliance program. In 2010, PayPal resumed processing online gambling transactions only from jurisdictions in which online gambling was legal.
Then, in September of 2015, with online gambling legal in some US states including Nevada and New Jersey, PayPal reemerged as a payment method. Since then, as sports betting has been legalized across the United States following the May 14, 2018, US Supreme Court overturn of PASPA, PayPal has been widely used to both deposit and withdraw money from various legal sports betting and online casino sites operating in multiple states.
Though some major US banks and credit unions will block payments made to legal online gambling sites, PayPal can serve as an intermediary that allows customers to reliably make deposits without fear their transactions will be declined.
Creating a PayPal Account
To create a new PayPal account, visit PayPal.com and tap the “Signup” button. Choose a personal account for online gambling purposes. Enter all the requested personal information, including your cell phone number for security purposes, and your Social Security Number or Tax Identification. Be sure to confirm both your email and cell phone number by entering the security codes sent during the signup process. In some cases, you might need to upload a scan of your driver’s license to fully enable your account.
How to Fund your PayPal Account
First, you’ll need to link a credit or debit card to your account. Any sports betting deposits will effectively debit your card with a transaction name like “PayPal BettingSite.com”. New accounts may come with credit and debit card restrictions, including limitations on how much you can transfer and how often. These will be lessened or dropped once you fully verify your identity and establish your reputation with PayPal.
For higher transaction limits and faster withdrawals, link a bank account to PayPal. Go to your account profile, then navigate to bank accounts. Enter your account number and bank’s routing number. PayPal will request that you verify ownership of this account. Look for two test deposits totaling less than $1 posting to your account in the next 24-28 hours. When you see these deposits, log back into PayPal and enter the values on the confirmation page. You’ll be all set to go.
Customer Support
If you’re having trouble with PayPal, we suggest visiting their customer support page. Their online knowledge base has fast answers to the most commonly asked questions. If you need to talk to a human being, call PayPal directly at 1-888-221-1161. You can also begin a chat session, leave a message for follow-up, or talk to others in the consumer community forum. Like any other PayPal transaction between buyer and seller, disagreements will be resolved using PayPal’s dispute resolution service.
Before You Deposit Using PayPal
If you need a new PayPal account, gather the following before filling out the online form:
- Personal details, including your physical address and cell phone number.
- Social Security Number or Tax Identification number.
- Photo or scan of the front of your driver’s license.
- A credit or debit card to fund your account.
- (Optional) – Bank account number and routing number for higher limits and fast withdrawals.
How to Deposit using PayPal
Time needed: 2 minutes
How to deposit to an online gambling site using PayPal.
- Visit the sportsbook’s cashier, banking, or deposit page
After signup or login, use the sportsbook’s navigation menu to find its cashier, banking, or deposit page.
- Select PayPal
Select PayPal. First time users will need to set up a new account. Existing personal PayPal users do not need another account.
- Provide your PayPal email address and Password
Enter your PayPal email address and password. Select a deposit amount and funding source if you don’t already have money in your PayPal account.
- Funds will be credited to your account within minutes
Allow 2-4 minutes for the funds to be credited to your player account. Your first deposit may take longer than subsequent deposits.
- Use PayPal for fast Withdrawals
PayPal can be used for withdrawals from a sports betting site if you’ve made a PayPal deposit in the past 6 months. Once the money has been transferred to your PayPal account you can withdraw it for free to your linked bank account.
| Bonus | |
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| #1 BetMGM REVIEW | New Customers - Up to $1500 Paid Back in Bonus Bets Bonus Bets Expire in 7 Days One new customer offer/Add'l Terms Bet Now 21+ Playable in Ohio only Gambling Problem? Call 1-800-589-9966 |
Help With PayPal Betting Deposits
If you’re having trouble depositing with PayPal, follow the steps below:
- Double check that you’re using the correct email address and password. If you’ve forgotten your PayPal password, it’s best to reset it at PayPal.com. Trying to force a transaction from your sportsbook’s deposit page will likely cause your PayPal account to be locked.
- Contact your online sportsbook or casino. Their customer service agents will be happy to help you make a deposit.
- Make sure the funding source has a sufficient balance. PayPal doesn’t know your credit or debit card balance and it cannot access your bank balance. Doublecheck that you have enough money to make a deposit first.
- If your credit or debit card, or bank, is texting you with security alerts, call them immediately. Advise your financial institution that you are trying to transfer money to an online sportsbook or casino. Most importantly, tell them that you authorized the transactions.
- Contact PayPal directly by phone or chat. If you’ve narrowed the problem down to something going on with PayPal, leave a message to start a support chat or call them directly at 1-888-221-1161.
PayPal Processing Fees
There are no fees charged when depositing to an online sports betting site using PayPal. The same is true for credit and debit card deposits and ACH processors used for bank transfers, EZMoney, or VIP Preferred eCheck.
PayPal will charge a fee to receive withdrawals from a sports betting site. The standard fee is 2.9% plus $0.30. VIP customers should ask their sportsbook or casino if they can cover the transfer fee.
Finally, note that your bank should not charge a fee to fund your sports betting account using PayPal. These transactions are no different than online bill pay or funding a financial brokerage account with an instant transaction. The funds will leave your bank account as an ACH transfer. Credit and debit card transfers will be coded as purchases in most cases.
PayPal Deposit Alternatives
There are three alternative ways to deposit. The first way is using a different e-wallet such as Skrill or ApplePay. The second way to deposit is with your Visa, MasterCard, or Discover credit or debit card, or by bank transfer, VIP Preferred eCheck, or PayNearMe.
Finally, you can deposit with a participating sportsbook’s Play+ Card. You can withdraw cash using your Play+ Card at ATMs that accept Discover.
How to Withdraw Money from a Sportsbook
The easiest and fastest way to withdraw money from a sportsbook is by withdrawing to your bank account. The most common withdrawal review period is 2 to 5 days. You can speed up this process by completing any Know Your Customer (“KYC”) forms requested by the sports betting site, or by verifying your withdrawal account using personal information.
Other fast withdrawal methods include PayPal, Skrill, and other e-wallets. Another way to withdraw is to get a check by mail. Your wait time will depend on how fast the sportsbook issues the check plus postal service delivery times.
PayPal Deposit Pros
- Fast – PayPal deposits will be available within minutes after authorization.
- No Fees – Neither the sportsbook nor PayPal charge deposit fees.
- Safe – PayPal doesn’t share your credit, debit, or bank account numbers with anyone.
- Multiple Sportsbooks – Multiple legal US sportsbooks offer PayPal deposits.
- Versatile – Use your PayPal account for shopping, groceries, bill payments, travel, and other common household purchases.
PayPal Deposit Cons
- Initial Limits – New PayPal accounts come with transfer limits until your identity and bank account are verified.
- Withdrawal Fees – Withdrawals to your PayPal account will be short PayPal’s 2.9% + $0.30 fee.
- Risk Management – You will have to build a good relationship with PayPal over many weeks before you’ll get higher deposit limits.
- Customer Service – Reaching a live human being at PayPal can be difficult. Use the online knowledge base first if possible.
Which Banks Prohibit Gambling Transactions?
Citing concerns about money laundering and fraud, some major US banks prohibit depositing money using their credit and debit cards. This policy will likely change as states continue to legalize online gambling and other banks begin processing transactions to online gambling sites.
If your bank declined a debit or credit card transaction, you should be able to deposit with a bank transfer or with a bank wire. In fact, the same banks that prohibit use of their debit and credit cards for online gambling will most likely allow ACH transfers via VIP Preferred eCheck, or with an e-wallet like PayPal.
PayPal transactions are considered lower risk because banks don’t have to worry about a lost or stolen credit or debit card. They can request that you confirm the transaction using an SMS text message code or using a USB security key. Finally, the identify verification performed by both the sports betting site and Paypal substantially decreases the risk of fraud.
PayPal Deposit FAQs
PayPal is regulated by both state and federal financial agencies since it became a commonly used e-wallet in the early 2000s. Multiple state gaming regulators have approved PayPal as a way to deposit and withdraw from licensed sports betting sites.
Create a personal PayPal account if you don’t already have one. Link your credit or debit card, or a bank account as a funding source. Visit the gambling site’s cashier and select “PayPal”. Enter your PayPal email, password, deposit amount, and funding source to process the transfer.
Build your reputation as a reliable depositor using PayPal. Additionally, be sure to complete any KYC (“Know Your Customer”) forms and return to customer service.
Most credit unions should be eligible for PayPal transactions. We recommend calling your credit union’s customer support in advance. Keep your account number and routing number handy just in case.
Try using your Visa, MasterCard, or Discover debit or credit card, or try a bank transfer. Next, try using another e-wallet like Skrill. Finally, try a bank wire from your online banking website. There’s no need to visit the bank in person to send a bank wire.
Where available, BetRivers and BetMGM offer PayPal deposits.
Yes, both TwinSpires.com nor DRFBets.com accept PayPal deposits as a way to fund customer horse betting accounts.
Betting Site Deposit Guides
- Visa Sports Betting Sites – Online sports betting and casino sites that accept Visa credit and debit card deposits.
- MasterCard Sports Betting Sites – See which sports betting and casino sites accept MasterCard credit and debit card deposits.
- Discover Sports Betting Sites – Discover is widely accepted at various sports betting and online casino sites.
- VIP Preferred eCheck Sports Betting Sites – Review a current list of betting sites accepting VIP Preferred ACH deposits.
- PlayPlus Card Sports Betting Sites – Easy to obtain and easy to use prepaid debit card for betting deposits and withdrawals.
- Bank Transfer Sports Betting Sites – Multiple leading betting sites accept deposits using their bank transfer payment gateway.
- PayPal Sports Betting Sites – Use a PayPal account to quickly and reliably fund your sports betting or casino player account.
- PayNearMe Sports Betting Sites – Get a PayCode and fund your gambling site player account with a quick trip to the store.
- EZMoney Horse Betting Sites – Use the EZMoney ACH processor to make a deposit using your bank account.
- Bank Wire Sports Betting Sites – Best for VIP customers seeking a discreet and high limit option for funding their player accounts.
- Sports Betting Sites – SportsBetting3.com offers the top sports betting sites for United States customers in jurisdictions where sports betting and online casino games are legal.