PayPal Betting Sites | Everything You Need to Know
using paypal to deposit draftkings
draftkings added paypal to its list of accepted payment options in 2018. paypal has a reputation for quickly facilitating transactions through draftkings.
deposits:
if you don’t have a paypal account, follow this process until you reach the paypal portal. From there, you can create an account and proceed with the deposit process.
- login to your draftkings account
- navigate to the “deposit” page on draftkings in the dropdown menu
- select paypal as your payment method
- enter your paypal credentials
- confirm the transaction to load your virtual wallet
draftkings has a minimum deposit requirement of $5 and a maximum deposit limit of $2,000. these figures may vary depending on the rules and regulations of the local jurisdiction.
You can request an increase in your deposit limits if necessary.
withdrawals:
- go to the “withdraw” section in the dropdown menu
- enter the amount you wish to withdraw
- draftkings will first refund deposits made in the last 90 days
- this refundable deposit will be returned to the original deposit source
- select how the rest of your winnings will be delivered, either by paypal or by check
we recommend sticking with paypal to withdraw all your winnings. there is a $5 minimum charge to request a check.
draftkings requires users to submit a w-9 form as part of their identity and compliance verification process. they will issue additional tax forms if necessary.
using paypal to deposit in fanduel
paypal is accepted on fanduel, but it works a little differently. fanduel’s online sportsbook is available in colorado, iowa, illinois, indiana, michigan, new jersey, pennsylvania, tennessee, and west virginia.
deposits:
if you want to use paypal on fanduel, you need to have your bank account linked to your paypal account as the preferred payment method. you can link your bank account through the “wallet” tab on the paypal website, and you can set your preferred payment option from the same page.
- login to fanduel
- click the “add funds” button
- select paypal as deposit method
- choose how much you want to deposit deposit
- click the “deposit” button under the paypal logo
- complete the transaction on the paypal portal
- your funds will be instantly available at fanduel
withdrawals:
please note that you must use paypal to deposit funds to fanduel if you wish to use it as a withdrawal method.
- click the same button you used to deposit on the fanduel home page
- select the withdrawal option and choose how much you want to withdraw
- you can withdraw winnings at fanduel through paypal, online banking or check
- we recommend using paypal to complete the transaction
It usually takes 48 hours to process the money, but you may have to wait up to 72 hours if there is a lot of traffic on fanduel.
using paypal to deposit at william hill
william hill accepts paypal for deposits and withdrawals in jurisdictions where sports betting is legal and available.
deposits:
- log in to your william hill account
- find the “deposit” menu
- select paypal from the list of payment options
- you’ll be redirected to the paypal portal to enter your login information
- you can use a connected bank account or a pre-existing paypal balance for the deposit
- after completing the transaction on paypal , your deposit will be available immediately
william hill has a limit of $5500 when depositing through paypal.
withdrawals:
using paypal for withdrawals at william hill is as easy as making a deposit.
- select the “balance” icon at the top of the william hill website
- enter the amount you wish to withdraw
- complete the transaction through the portal from paypal
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withdrawals must be made through the same paypal account used to make your initial deposit. william hill has a minimum of $20 and a maximum withdrawal limit of $5000.
Payments are processed within 72 hours, but William Hill says it’s usually much sooner.
using paypal to deposit to 888sport
888sport gladly accept paypal deposits and withdrawals, provided you are in a region that has legal sports betting. Please note that 888sport has a separate app for New Jersey users.
deposits:
- login to your account at 888sport
- select the “deposit” option from your cashier
- choose paypal as your payment method
- login to paypal and approve the transaction
- your funds should be available within 10 minutes
888sport does not charge any fees for deposits made through paypal. the minimum deposit requirement at 888sport is $10.
withdrawals:
withdrawing funds through paypal at 888sport is not much different from other betting sites.
- find the “cashier” tab on 888sport
- enter the amount you wish to withdraw
- login to paypal
- press the submit button and your transaction will start processing
888sport says it takes three to four days for them to process paypal withdrawals.
using paypal to deposit at betmgm
betmgm accepts bets from anyone located in colorado, indiana, nevada, new jersey, tennessee and west virginia. all of these states have legal sports betting, so paypal can be used for deposits and withdrawals.
deposits:
A preloaded paypal account or a paypal account linked to your bank details can be used to make deposits to betmgm. You can fund your paypal account through your bank account, debit or credit card.
- log in to your betmgm account
- find the “cashier” tab
- select “deposit” and click on the paypal icon
- enter the amount you want to deposit and complete the transaction through paypal
There are no fees to deposit via paypal at betmgm, and your funds will be available within 10-20 seconds.
withdrawals:
You can withdraw funds through paypal at betmgm, but you must have made a deposit with your paypal account in the last six months.
a unique feature of using paypal at betmgm is the ability to withdraw to paypal even if you deposited funds with a different payment method. no matter how you have deposited money into your bank account, you can access your earnings through paypal.
using paypal to deposit at caesars
Casino giant Caesars Entertainment has online sportsbooks available in Indiana, New Jersey, Nevada and Pennsylvania, and you can use PayPal to deposit funds while gambling in any of these states.
deposits:
- start by logging into your caesarsonline account
- click the ‘my account’ button on the home page and select ‘deposit’
- select paypal as your payment option
- enter the amount you want to deposit and click “continue”
You will be prompted to enter the email address associated with your paypal account. Be sure to use a personal PayPal account, as Caesars will not accept deposits from PayPal Premier or PayPal Business accounts.
If you enter a different email address than the one used on your paypal account, your deposit will not go through. only one paypal account per customer can be used when depositing funds to caesars.
from there, you will be directed to the paypal portal. caesars requires that you link paypal to your bank account as the preferred payment method. you cannot deposit funds to caesars through paypal using a debit or credit card.
once you have completed the transaction on paypal, the funds will be added to your caesars sports betting account immediately.
withdrawals:
You can only withdraw funds to paypal at caesars if you have made a deposit through the same paypal account.
- click “my account” and select “cashier”
- enter the amount you want to withdraw and click “continue”
caesars has a minimum withdrawal requirement of $10 and it takes an average of three business days for them to process withdrawals through paypal.
using paypal to deposit in golden nugget
golden nugget has operated sportsbooks in atlantic city and las vegas for many years, but have also moved online as sports betting becomes legal in more states.
deposits:
like most other major betting sites, golden nugget accepts paypal for deposits in states that have legalized sports betting.
- log in to your gold nugget account, or register if you haven’t created one yet
- find the “cashier” page via the “my account” menu
- add your paypal account as a new payment method
- follow the on-screen prompts that take you through the paypal portal
- decide how much you want to deposit
Confirm your deposit and your funds should be available in golden nugget within seconds.
Fans can use a pre-loaded PayPal account to deposit with Golden Nugget. If you haven’t uploaded these funds yet, go to the paypal website, click on the “wallet” tab and select a payment method.
You can load your PayPal account using a bank account, debit or credit card. golden nugget has a minimum transaction requirement of $10 and a maximum transaction limit of $1,500.
withdrawals:
Cashout your winnings in gold nuggets works the same way as making a deposit.
- go to the “cashier” page
- select paypal as the withdrawal method
- choose the amount before confirming the transaction
golden nugget asks you to allow 48 hours for withdrawals to be completed.
use paypal to deposit in betrivers
betrivers has eight different methods to choose from to make deposits, but paypal is the best option.
deposits:
Making a deposit at betrivers through paypal is simple and effective.
- look for the “deposit” menu
- confirm the transaction on paypal
- your funds will be available instantly
withdrawals:
Please note that you will not be able to withdraw bonus funds until you have complied with the betrivers deposit match terms and conditions.
betrivers usually takes 24 hours to process your withdrawal request.
using paypal to deposit at fox bet
fox bet is available in colorado, new jersey and pennsylvania. paypal can be used for deposits and withdrawals in any of these three states.
deposits:
only one paypal account per customer can be used when depositing funds at fox bet. recommend preloading your paypal account with funds before making a deposit.
- login to your fox bet account
- click on the “cashier” menu and press the “deposit” tab
- choose paypal as the deposit method
- this will take you to the paypal portal where you can complete the transaction
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withdrawals:
withdrawals made at fox bet automatically go back to the source you used for the deposit. in this case, your earnings will automatically return to paypal once you have made the request.
- log in to fox bet
- click the “cashier” button and select “withdraw”
- select how much you want to withdraw and press “send”
withdrawals made through paypal at fox bet are processed much faster than other betting sites. Payouts are typically processed and delivered in less than an hour, making Fox Bet a great option if you want to get your winnings fast.
using paypal to deposit to pointsbet
pointsbet is available in colorado, iowa, illinois, indiana and new jersey. paypal is the best option to deposit and withdraw funds through pointsbet.
deposits:
Before you can make a deposit to pointsbet, you must link your bank account as the preferred payment method on paypal. you cannot make a deposit on a points bet using a credit or debit card through paypal.
Go to the paypal website and click on the “wallet” tab. add your bank account if it’s not already there and set it as your preferred payment method in the same window.
- log in to your pointsbet account
- navigate to the “deposits” function in the pointsbet dropdown menu
- decide how much you want to deposit and click the button paypal yellow
- enter your paypal information in your portal and complete the transaction
Your funds should be immediately available on pointsbet once the transaction is complete.
withdrawals:
If you have not made a deposit via paypal at pointsbet, you will not be able to withdraw funds to your paypal account. make sure you have made a deposit through paypal before trying to withdraw money from them.
- find “withdraw” in the dropdown menu
- enter the amount you want to withdraw
- click the yellow paypal button and fill in your paypal information
- confirm the account you wish to withdraw to
- enter your pointsbet account password and complete the withdrawal request
Processing paypal withdrawals at pointsbet takes an average of one to two business days.
advantages of using paypal for sports betting
As one of the easiest and most reliable ways to exchange money online, there are many reasons to use paypal on sports betting sites.
paypal uses a geolocation feature that ensures deposits and withdrawals go smoothly. this feature identifies a user’s location when completing transactions, which is important for authorizing payments in legal sports betting jurisdictions.
Paypal is trusted around the world by people looking to send and receive money. You can rest assured that you won’t have any security or privacy issues when using paypal on sports betting sites.
for full details on where your information goes while using paypal, please see their privacy statement.
another great feature of paypal is the ability to transfer funds from other electronic wallets. moving money from another service like neteller to paypal is easy if you have the same bank account connected to both platforms.
Just follow these simple steps to transfer funds from another eWallet to PayPal:
- send money from another electronic wallet (i.e. neteller) to your bank account
- access your wallet on paypal
- select the “transfer money” function
- select your bank account and send the money to paypal
Please note that other eWallets such as neteller may charge a fee for transferring funds to or from a bank account. neteller has a $10 usd wire transfer fee.
using paypal for withdrawals is just as easy. There are no fees for withdrawing from Paypal directly to your bank account. you will be charged $5 if you request a check for withdrawal.
other factors worth considering
here are some other factors to consider when using paypal on betting sites.
potential limits
paypal has a minimum withdrawal requirement of $20, so you’ll need to rack up a few $5 bills before you can cash out your lunch money.
There are daily, weekly, monthly and individual PayPal withdrawal limits. these limits vary by currency, but are typically $10,000 per transaction.
You don’t have to worry about these limits unless you’re a high roller.
processing times
Paypal deposit and withdrawal processing times depend on a variety of factors. each betting site has different processing times and high levels of online traffic may affect the speed of your transaction.
fees
You won’t find many fees when using paypal. this is one of the main reasons why paypal is so popular in the world of sports betting.
Because PayPal uses a geolocation feature to keep your transactions within legal sports betting jurisdictions, the only toll you may be charged is domestic transfer fees.
paypal has a 2.9% transfer fee for domestic transactions sent via your credit or debit cards, plus a flat fee of $0.30 in the us. uu. There is no charge to send domestic transactions through your PayPal bank account.
This domestic transfer fee is waived when depositing money at sports betting sites. only applies if you move money from paypal to a debit or credit card.
There are no charges for receiving domestic transactions on paypal as long as you are not converting any currency. For more information, see the fees page on the paypal website.
the end result
With so many online sports betting sites vying for your business, there is no shortage of options. sports betting dime is here to help you make informed decisions and find the best option for you.
Our extensive set of sports betting bonus guides will help ensure you don’t leave money on the table.
