PayPal is one of the original e-payment platforms of the Internet. So much so that Elon Musk was once the CEO of the company, believe it or not. PayPal’s long-standing reputation has made it a popular choice among online bettors looking for a safe way to fund their betting accounts.
This is your guide to using PayPal on betting sites, namely which bookies even support them (not as many as we’d like). We’re also covering how to use PayPal on sites that do support it and the fees that come with it. Keep reading for this all-in-one guide!
It is not easy to find PayPal betting sites. We have searched high and low, and very few of our recommended partners currently accept PayPal. Most are sticking to crypto and debit/credit cards it seems like.
However, that doesn’t mean PayPal isn’t supported outside of our favorite bookies. It is, trust us (very popular among European bookies). Most betting sites have a payment method page that lists everything they support. All you have to do is look for the PayPal logo to know you’ve found “the one.”
Paypal is widely available in Europe and the United States, but many sites that are licensed in Central America will have trouble accepting Paypal.
Sports betting with Paypal is as convenient as you can imagine. Having your account set up is the biggest step. You can do that easily on its site by filling out your basic information (age, address, name, etc.)
Once PayPal is set up, you head back to your online sportsbook that supports it. From here, you’ll be able to link the accounts together. Do it once and you’ll be able to do it over and over again without hassle.
There’s really not much to it. PayPal has gotten this popular because of its ease of use so we’re confident most bettors will be able to figure it out — no step-by-step tutorial needed, just common sense.
Most sportsbook will not charge additional fees for using Paypal. However, Paypal charges around 3% on transactions, whether that’s betting or something else online.
Sure, it’s not free, but the 3-percent fee is worth it in some cases. Worth it because PayPal has a layer of security to it in case something goes wrong. The same luxury doesn’t exist if using, say, cryptocurrency.
At the end of the day, most payment methods that sportsbooks accept have some kind of fee to it, not just PayPal. Debit or credit cards can incur similar charges — if not more (e.g. foreign exchange fees). PayPal’s rate is par for the course.
Sports betting is legal in almost 40 different U.S. states. However, each state will differ on whether they accept PayPal or not — state regulators decide this, not the sportsbooks. So we can’t give you a blanket answer here besides it depends on the state.
PayPal is more freely used in Europe though. European businesses at-large have taken a liking to the e-wallet.
Paypal credit betting is a great way to pay things over an extended period of time. It allows the vendor to receive their money upfront while you pay it in fractions over a period of time.
Paypal credit is accepted everywhere Paypal is. It is that simple.
It is also easy to apply. You can do so directly from Paypal’s websites. It is, like all credit lines, subject consumer credit approval.
