Best PayPal Betting Sites September 2024

PayPal is an electronic payment system that was launched over twenty years ago, making it one of the longest-standing payment methods of its type. Over that time, PayPal has extended its reach and it is now much easier to use it for PayPal sports betting with your favorite operator.

The PayPal payment system is extremely secure. It uses high-level SSL encryption to protect your account and employs a whole team of experts whose job it is to prevent cyber fraud and identity thefts.

All PayPal betting sites are rigidly scrutinized. In order to be approved by PayPal, US sportsbooks must demonstrate that they are able to block US residents from any illegal gambling activity. In essence, the only PayPal sports betting sites you can use are licensed and in compliance with regulations applicable to your state.

PayPal acts as a secure intermediary, so when you send money to PayPal betting sites you won’t need to provide bank or card details for every transaction. Also, if you are signed up for online sports betting PayPal can be added on your sportsbook account as your preferred payment method. You can then use it to fund your account and also withdraw your winnings.

After that you can either transfer funds back to your bank account, or keep them accrued in your PayPal balance ready to use later. The entire set up is ideal for PayPal betting sites, it’s usually free of charge to use, and you can keep your PayPal sports betting separate from your bank account if you wish.

PayPal has excellent native mobile apps available, which work seamlessly for both 

• iOS
• Android devices

The app is incredibly straightforward and intuitive to use, takes up surprisingly little space on your device and requires very little bandwidth when in use. You can easily find the PayPal app at either the Apple Store or Google Play with a brief search.

There are additional advantages to using the sportsbook PayPal app, over and above the benefits of using it from a fixed device. Once installed on your device, you can use it to make payments at land-based sportsbooks in much the same way as a contactless debit or credit card.

As most PayPal betting sites in the US are partnered with land-based casinos or sportsbooks, this adds to your list of PayPal sports betting opportunities, as well as enabling larger transactions and cash withdrawals.

If you use PayPal on a desktop PC or Mac as well, the two versions are automatically synced. This also means that the way you verify your identity will vary as well, which is an added security layer and nothing to be concerned about.

Lastly, the PayPal app is exceptionally secure and every time you launch it, a single-use asymmetric key session applies bank-level encryption, which automatically times out after a short period of inactivity.

There is no charge for opening a PayPal account for personal use and the majority of the services available are completely free of charge. For example, when you send a payment to any PayPal betting sites and fund them from a PayPal balance, bank account or debit card
PayPal does not charge any fees.

However, if you associate a credit card with your account and use it to fund a PayPal sports betting payment, you will incur a transaction fee of 3.4%. The only other PayPal costs you might incur are for transactions which require currency exchange.

One last thing for you to be aware of is that a very small number of PayPal betting sites will charge you to deposit or withdraw funds, but the chances are that they charge for any other method as well.

You can arrange to open a PayPal account from your PC and the initial processing will only take a few minutes of your time. Go to the PayPal website and click on the ‘Sign up for free’ button. Then, choose your account type. Next, you will be asked to select either a personal or business account and for most of you, a personal account is more than adequate for day to day transactions such as funding your PayPal sports betting account.

To enter your details, click on the ‘Next’ button and you will then be prompted to input your cell phone number, email address and either bank account or debit card details. Your phone number will be verified using a text message with a unique code to input and you will receive an email with a link to verify it in a similar way.

Although it is not mandatory, you can also verify your bank account:

1. PayPal will deposit a small sum in your bank, usually $0.10 or less
2. Once the deposit is visible on your bank transaction statement, look for a 4-digit code
3. Go to your PayPal wallet and enter the code

The entire process will only take as long as your bank takes to register the deposit but is rarely more than two hours.

Now you are ready to make use of your new electronic payment method. When you sign up with any sportsbooks that accept PayPal, you can add it as your default account funding method and go right ahead with making your first deposit.

PayPal sports betting operators usually offer unlimited, fast withdrawals. However, there are some sportsbooks that restrict the number of withdrawals over a certain period, or apply a minimum/maximum withdrawal amount. Always check your sportsbook's terms and conditions if this could cause any issues.

Not only does this provide a further security level to both your bank and your PayPal account, but it also means that you gain additional privileges too. For example, if you want to deposit large sums to a PayPal sports betting site or use it at a land-based sportsbook, it will
enable you to do so much more easily.

Although PayPal does levy charges for certain transactions and services, it does not deduct charges from your PayPal sports betting winnings when you request a withdrawal. There is no denying that some operators charge fees for both depositing and withdrawing from a sportsbook account, but this is outside of PayPal control.

Unfortunately, the answer is no. PayPal credit is a privilege which can only be used to fund purchases of goods or services above a specified value, usually $100 or over. Any form of gambling is not considered to be in either of those categories and PayPal betting sites are therefore automatically excluded.