PayPal is one of the best payment options in the world that offers instant deposit and withdrawals to its users.
It is operated by an American multinational fintech company - PayPal Holdings Inc. PayPal is an online payment system that is accepted in several countries that allows online money transfers.
In this PayPal 2023 review, we will share with you all that you need to about this payment option including sites that accept PayPal in 2023, how to deposit and withdraw on an online bookmaker via PayPal transactions, and more.
About PayPal
| 💥 Company Name | ✓ PayPal Holdings Incorporated |
| 💥 Website | ✓ PayPal.com |
| 💥 Founded | ✓ 1998 |
| 💥 Customer Service |
✓ Phone call @1-402-935-2050 ( outside the US) , 18882211161 ( Within the US), and 1-888-914-8072 ( for Spanish language) ✓ Live chat |
| 💥 Does Betting Sites accept Paypal | ✓ Yes |
| 💥 Mobile App | ✓ Yes |
| 💥 Currencies Supported | ✓ AUD, BRL, CAD, CHF, CZK, EUR, GBP, HKD, HUF, JPY, kr., MXN, NOK, NZD, PLN, RUB, SEK, SGD, THB, TRY, and USD |
It was founded in 1998 by Luke Nosek, Max Levchin, and Peter Thiel. It was originally known as Confinity - a company that created security software for hand-held devices.
The business did not seem to go down well, so it changed its directives to being a digital wallet. In 1999, PayPal launched its first version of electronic payments.
After a successful IPO launch in 2002, PayPal was acquired by eBay at I'm estimated value of 1.5 billion USD. In 2015, PayPal became an independent company when eBay spun off all its shareholders.
Paypal has a user-friendly policy and is renowned for being available only on remarkable online sports betting sites and businesses.
In 2002 alone, the revenue garnered from online gambling is estimated to be 8% of PayPal’s entire business value. Interestingly, it expanded into other regions outside North America and has increased the net worth of the fintech company.
How Does PayPal Work?
PayPal serves as an electronic payment option to replace traditional paper option (including physical money, money order or cheques).
PayPal also functions as a payment processor for online sellers and shops, as well as commercial users. However, it charges a specific fee that is based on your region.
Which Countries Accept Online Betting with PayPal?
Bear in mind that not all countries accepts PayPal as a payment option especially for bookmakers.
Online betting has become a very easy task to do from the comfort of your home. You don't have to stress to visit a physical betting shop to wager on your favorite sports event or games. All thanks to the ever evolving technology that keeps changing the narrative, especially online payments on sportsbooks.
Let's take a look at the list of countries that accepts PayPal as a payment method on their gambling sites:
- USA
- United Kingdom
- Australia
- Norway
- Brazil
- Canada
- India
- New Zealand
- Chile
- Peru
- Iceland
- Argentina
Top Sports Betting Sites That Accept PayPal
Here, we will be taking a look the best PayPal betting sites to wager on.
All the PayPal sports betting sites mentioned in this section were selected based on the following factors:
- Licensing and history
- Reputation
- Bonuses and promotions
- Range of betting markets and sports events
- Fast deposit and withdrawal
- Easy registration process
- Does it accept PayPal?
The top PayPal betting sites are as follows:
- Stake.com
- Betano
- 1xbet
- Bet365
- Caesars
- BetRivers
- FanDuel
- DraftKings
Stake.com
Stake.com is one of the bookmakers that accept PayPal as a deposit method to purchase cryptocurrency.
It is a popular cryptocurrency online sports betting and online casino betting site. It offers a wide range sports betting markets on various sports events. These sports events include soccer, MMA, ice hockey, darts, basketball, tennis, volleyball, and more.
Stake.com also has a rich casino section that houses over 3000 slot games, including lots of tournaments and leagues.
| Pros | Cons |
| ➕ Interesting promotions and bonuses | ➖ Does not offer much international markets on events |
| ➕ Live betting and Live streaming is available | |
| ➕ Wide range of betting options | |
| ➕ Allows punters to use PayPal to make purchase of crypto | |
| ➕ Has several payment methods |
Betano Sportsbook
Betano is one of the top betting sites that allows users to deposit using PayPal alongside other payment methods.
It offers a wide range of sports betting markets as well as competitive odds attached to each one of them. These sports include basketball, soccer, American Football, MMA, and more.
You will also find a casino section that has interesting games from reputable software providers ranging from table games to slots.
| Pros | Cons |
| ➕ Competitive odds on betting markets | ➖ Limited bonus offer in the casino section |
| ➕ Generous bonus and promotions for new and existing customers | |
| ➕ Excellent customer support service | |
| ➕ Bet builder and live betting is available | |
| ➕ Accept cryptocurrency by allowing users to make a deposit with PayPal and other banking options available on the betting site |
1xbet Sportsbook
1xbet is one of the best sports betting sites that punters can wager on. It made it to our list because of its impressive sportsbook section and the payment options that is made available on its betting site.
Note that 1xbet does not allow bettors to use PayPal to make deposits. Moreover, it has the most payment methods that facilitates quick deposits and withdrawals in the countries where it operates.
These payment options include e-wallets, crypto, Skrill, MoneyGo, e-vouchers, Perfect Money and others.
In the sports betting section, you will find a ton of events ranging from football to ice hockey, and more.
1xbet also allows betting on politics, entertainment, tv shows, weather, and more.
| Pros | Cons |
| ➕ Lots of bonuses and promotions for both new and old users | ➖ Does not accept PayPal |
| ➕ Has a rich sports betting and casino sections | |
| ➕ Has several payment options | |
| ➕ Live streaming feature is available for football, basketball, ice hockey, and tennis | |
| ➕ Highly competitive odds in basketball and football | |
| ➕ Easy to navigate |
Bet365 Sportsbook
Bet365 is one of the betting sites that offers several banking options to its users. Moreover when it comes to funding your account via PayPal on Bet365, it all boils down to the country you reside - is PayPal betting allowed or not?
Despite the plethora of payment option it has, Bet365 does not offer PayPal as a payment option on its betting site. However there are several online sources that states
The banking methods on bet365 include Neteller, Skrill, debit cards and credit cards, bank transfer, e-vouchers, and more.
Bet365 offers an extensive selection of sports events such as football, darts, Formula 1, tennis, and more. You will also find interesting odds attached to the live events.
This bookmaker has a casino section, however, it is important to note that it is not functioning properly.
New users are rewarded with a welcome bonus that is equivalent to their first deposit amount. For instance, you must make a minimum deposit of 10 USD to get 15% of your first deposit in Bet credits.
| Pros | Cons |
| ➕ Comprehensive sportsbook and a wide range of betting markets | ➖ Does not take PayPal payment |
| ➕ Big odds | ➖ Has a limited amount of international markets |
| ➕ Decent promotion and bonus offers | ➖ Casino section is not working |
| ➕ Live streaming features and in-play betting are available | |
| ➕ A wide variety of banking methods | |
| ➕ User-friendly betting site |
Caesars Sportsbook
Caesars is one of the popular betting sites in the US. It is usually classified as one of the best PayPal sites in the United States.
This bookmaker offers bettors access to a wide array of sports events and enticing markets ( with huge odds).
New users of Caesars are not also left out as they are rewarded with the Caesars First Promo of up to 1000 USD in the form of free bets.
Other promotions for both old and existing customers include First bet insurance, odd boost, bonus bet, and unique promotions that are attached to popular events such as NBA, NFL, and more.
Caesars offers a loyalty rewards program for consistent customers known as Caesars reward program. As stated on the US bookie, the more you play, the higher the reward credits that you will earn.
The Caesars reward programs are classified into there, and they are as follows:
| Rewards Program | Tiers Credit |
| Seven Stars | 150 000 + |
| Diamond Elite | 75 000 + |
| Diamond Plus | 25 000 + |
| Diamond | 15 000 + |
| Platinum | 5 000 + |
| Gold | 0 + |
This bookmaker is owned by Caesar Entertainment, and there are lots of perks attached to wagering on the platform.
These benefits include sports betting bonuses, dining and hotel discounts, deluxe access to entertainment events, shopping benefits, and more. This is made possible because Caesar Entertainment operates other entertainment platforms.
Additionally, on Caesars, users are given the option to redeem their rewards at the nearest retail sportsbook that's closest to them.
Caesars sportsbook has a comprehensive selection of sports events and lots of games in the casino section.
Let's take a look at some of its pros and cons in the table below:
| Pros | Cons |
| ➕ Promotions and bonuses are available for all users | ➖ Players in some specific countries are restricted from wagering on Caesar |
| ➕ Offers help to those who are addicted to gambling | |
| ➕ Offers loyalty reward program | |
|
➕ Competitive odds attached to a massive betting market |
|
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➕ Mobile app is available |
|
| ➕ Lots of sports events to wager on | |
| ➕ Offers live streaming and cash out features | |
| ➕ Allows users to place bets on live betting | |
| ➕ It has a user-friendly interface | |
| ➕ Accepts PayPal and other payment methods |
BetRivers Sportsbook
BetRivers is one of the second-tier betting sites in the United States that is trying to make a name for itself in the sports betting industry.
It is an online betting site that accepts PayPal as one of its means of payment.
BetRivers offers a rich NFL future including the coverage of the Super Bowl, individual awards, and divisions. Other gambling products on this bookie include College Football, NHL, MLB, NBA, and other popular sports leagues.
In the casino section, you will find over 100 slot games, several live dealers, table games, and more.
You will also find several useful resources on BetRivers to assist those who have gambling issues such as the National Council on Problem Gambling, Centre for Problem Gambling, BeGambleAware.com, and Gambling Therapy.
As a new user, when you deposit a minimum of 10 USD, you will be rewarded with a second chance of up to 500 USD as a bonus bet, particularly if your first stake is lost.
| Pros | Cons |
| ➕ It provides free gambling therapy and confidential help to those who have gambling problems | ➖ The odds offered are not competitive |
| ➕ Allows punters to make deposits using PayPal and other payment methods | |
| ➕ Offers a 24/7 live chat and help center | |
| ➕ Offers numerous bonuses and promotions for both new and old users | |
| ➕ Has a mobile betting app that shares similar features with the betting site. It is available for both Android and iOS devices |
FanDuel Sportsbook
FanDuel is one of the best betting sites that take PayPal as one of their payment options to help customers deposit and withdraw funds from their betting accounts.
Ever since its inception in 2009, it has become a force to reckon with in the US sports betting sphere. It offers lots of events in the sportsbook section such as NFL, NBA, MLB, and more popular sports leagues, and creates interesting lines for cycling, darts, and more.
The casino section is also rich in fun games ranging from table to slot games.
FanDuel rewards new users with up to 150 USD in bonus bets once they deposit at least 5 USD. Also, new users are rewarded with 1000 USD of No Sweat Bet only after they have made their first deposit on the bookmaker.
| Pros | Cons |
| ➕ Excellent selection of sports events and games in the casino section | ➖ Limited promotion is offered in the casino section |
| ➕ Accept PayPal payment | |
| ➕ Offers competitive odds that are attached to events betting options | |
| ➕ Excellent customer support service | |
| ➕ Offers generous bonuses and promotions to users | |
| ➕ It has a sleek interface that makes it easy for users to track down odds, make straight parlays, create parlays, and carry out seamless transactions | |
| ➕ In-play betting is available | |
| ➕ Offers live streaming feature for major events | |
| ➕ Quick registration process |
DraftKings Sportsbook
DraftKings is also one of the best betting sites that accept electronic payments like PayPal and other banking options.
It is a popular US bookmaker that offers bettors a huge betting market on hockey, football, baseball, basketball, and other popular leagues.
You will also find a rich casino section that houses lots of popular games from reputable software providers.
| Pros | Cons |
| ➕ Creates an excellent betting experience for punters | ➖ Does not support high-limit betting |
| ➕ Has a smooth and user-friendly navigation system | ➖ Not so great customer service |
| ➕ Has a well-designed and easy-to-use mobile app for both iPhone and Android users | ➖ The casino section is more extensive than the sportsbook section |
| ➕ Users enjoy live betting on their favorite sports event | ➖ Does not accept cryptocurrency |
| ➕ Highly reputable for wagering in sports events and casino games | |
| ➕ Encourages responsible gambling and helps those who are addicted to gambling via the various resources available on its betting site | |
| ➕ Offers early cash out feature |
How do I use PayPal on Betting Sites?
Most sites that accept PayPal 2023 allow their bettors to use PayPal to deposit funds and withdraw their winnings on the bookmaker. When creating an account on your preferred PayPal bookmaker for the first time, you might be asked for your preferred mode of payment.
If you would love to carry out transactions using PayPal as a payment method, then you should indicate or choose it as your preferred banking method.
Note that to use your preferred banking option- PayPal, you must have sufficient funds in your account.
How to create a PayPal account
It is very important to set up a PayPal account if you would love to use it as your preferred payment method for your favorite bookmaker.
To create a PayPal account, just follow the simple guidelines below:
- Visit the PayPal website
- Choose your account type in the left box section on your screen
- Create your login details with your personal information
- Tell more about yourself by filling in the empty fields with the required information
- Link your debit or credit card - This is required to save you from the stress of having to always enter your card details when making an online transaction. Also, your card details are safe from any form of online fraud
- Verify your email address
- If you like you can also verify your mobile number - note that it is optional
Depositing Funds to a Bookmaker with PayPal
To make deposits on a PayPal bookmaker is very easy. However, it still boils down to the bookmaker you are making use of.
Indeed each of these bookmakers might have various deposit procedures but it all leads to one general approach - funding your betting account.
You can follow the simple steps below to find your PayPal betting account:
- Go to the account page on your preferred betting site
- Tap on the deposit option
- Choose your preferred banking method - PayPal
- Enter the required details of your PayPal account in the required fields
- Enter the amount you would like to deposit from your PayPal account into your online betting account
- Submit your deposit request
- Once, your deposit request has been confirmed, your money will instantly be reflected in your betting account
Withdrawing Funds from a Bookmaker with PayPal
If you have used the PayPal option to deposit on your betting account, then it's most likely that your PayPal account has already been linked to your betting account.
If it has already been saved on the online betting site, it will save you the stress of filling in your PayPal details again.
To withdraw funds from your preferred bookie with PayPal, just follow the simple steps below:
- Go to your account page on your preferred bookmaker
- Tap on the Withdrawal button
- Choose PayPal
- Enter the amount, you would love to withdraw from your betting account
- Tap on the submit button to send your withdrawal request
- Depending on your bookmaker operator, your withdrawal will be reflected in your bank account within 1 - 24 hours
Make a PayPal Deposit and Claim your Bonus
It is a common feat among betting sites to offer their new users a welcome offer regardless of the banking option they used in funding their betting accounts.
Moreover, they are rewarded as soon as they make their first deposits and place their first bets on their favorite betting sites.
It is vital to claim your welcome bonus, as it can be used to wager on live games and prematch events.
Keep in mind that each welcome bonus offered by any betting site must be used within the specified time frame or it will expire.
Let's take a look at a few of the common bonuses often awarded to new users on any bookmaker:
Free Bets
Some betting sites in the UK offer new punters 1 x £10 free bets or x £10 free bet builder for signing up on their bookmakers. Note that this type of reward comes only after they have made their first deposits on the betting platform.
Matched Deposits
Some popular betting sites usually reward their new users with the exact amount they funded their betting account with for the first time. This type of welcome offer is also called matched deposit.
Promo Codes
Several bookmakers offer huge bonuses to new users for signing up on their platform via a promo code. That promo code gives them the vantage to access various perks from the preferred betting site.
Bet x Get y
Some bookmakers usually offer new users big bonuses when they meet specific wagering requirements on the betting site.
Profit Boosts
Profit boosts are usually common among bookmakers for both old and new users. How it works is that the more increased your betting selections are, the more profit boosts you will get. However, bear in mind that the profit boosts vary on each bookmaker.
Money Back Bets
Most popular PayPal sportsbooks offer money back bets to customers who lost their first placed bets on their betting sites. This type of bonus is to encourage and appreciate their users for signing up on the bookmakers.
How to Keep Your PayPal Account Safe when Betting
It is very crucial to stay safe anytime you are wagering via the PayPal platform.
It involves keeping your PayPal and financial details safe. You are also required to be vigilant of any phishing emails. Additionally, ensure that you are using only reputable and well-licensed online betting sites. You can rely on online reviews as reviews are a great way of ascertaining whether a website is good for betting or not.
Hence in this section, you will find more tips that can help you keep your PayPal account secure when placing bets.
Set up a strong password
Using a strong password can make it very hard for a phisher or third party to access your online betting account. This is why we recommend that you make use of a very strong password that you can remember when setting up your PayPal account.
Set up strong security questions
Setting up a strong security question that only you can answer makes it hard for a third party to access your PayPal account. We recommend that you set up strong security questions, like Which city did I meet my partner? What is my middle name? And more.
Enable two-factor authentication
The 2F authentication is another security step that you should consider taking to secure your PayPal account while betting online.
The two-factor authentication is another security layer that is added to your login details. This makes it very hard for any fraudulent activities to take place in your account while betting.
Avoid phishing scams
Just as mentioned above, it is very important to carry out research concerning the bookmaker you are signing up for. This is to avert loss of money from your account.
Hence, we recommend that you steer away from betting sites with questionable reputations.
Online customer review can go a long way in helping you decipher phishing scams sites.
Ensure recovery information is up to date
It is also very important to keep up-to-date information on your PayPal account while wagering online. This is to help detect any third-party breaches or phishing scams taking place on your account as fast as possible.
Keep your mobile devices secure
Another tip that you should esteem highly is keeping your mobile devices containing your PayPal or financial details safe. If your phone gets into the wrong hands, all your financial details will be exposed to scammers.
Are there any e-wallet alternatives to PayPal?
Apart from PayPal banking methods, there are several other e-wallets that can be used as an alternative to payPal.
They are:
- Skrill
- Neteller
- Trustly
Skrill
Skill is one of the top payment methods on most betting sites in the United States. It shares similar features with PayPal.
Skrill is one of the most easiest means to transfer and withdraw funds around the world. It charges low fees for each transaction carried out via its platform. Little wonder it is an alternative to PayPal.
Today, several bookmakers have taken advantage of Skrill to make deposits and withdrawals very easy for their users.
Neteller
Neteller is another alternative to PayPal. It is an e-wallet that makes the transfer of funds very easy and quick, especially on betting sites. It is one of the best payment options that you can find on most UK betting sites.
However, it charges slightly higher than what PayPal offers on any transaction made via its platform.
Trustly
Trustly is another direct competitor with PayPal. It offers bettors access to online transactions securely from their bank accounts. And the best part of this banking option is that it requires no sign up or software installation to use. However, its charges are slightly higher than PayPal's fee.
Pros And Cons Of Betting With PayPal Sportsbooks
Having read all the information above about PayPal, let's also take a look at the advantages and disadvantages of placing bets on Paypal sportsbooks:
| Pros | Cons |
| ➕ It has a user-friendly interface | ➖ Users can easily get scammed if they don't make use of 2F authentication |
| ➕ It has advanced data encryption that makes it safe for transactions | ➖ Not all betting sites accept PayPal |
| ➕ Excellent customer support team - they respond to queries promptly | |
| ➕ Instant deposit and withdrawals | |
| ➕ It works with multiple currencies |
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