Making a payment with PayPal – step by step guide to getting set up for sports betting with PayPal in the USA
If you’ve decided that sports betting PayPal USA is a good fit for you, you’ll need to open a fresh PayPal account and follow all the necessary steps to get started. The process is pretty straightforward and easy to follow, so you shouldn’t encounter too many problems. In a nutshell, here’s how it works:
- Step 1 – Visit PayPal’s official website, click “sign up” and follow the on-screen instructions
- Step 2 – Enter your email address and be sure to select “Personal Account” when prompted, as “Business Account” profiles aren’t eligible for online betting in the U.S.
- Step 3 – Verify your PayPal account via email – PayPal will send you a unique code or link for one-time use
- Step 4 – Provide PayPal with your name, address and other personal details – then enter a secure, memorable password
- Step 5 – Enter your ID number and nationality, then accept the terms and conditions and you’re all good to go! Next destination: sportsbooks that take PayPal
Once your PayPal account has been set up and verified, you’re free to start signing up for betting sites that accept PayPal. There are tons out there to choose from, but we’d always recommend using our Betastic US bookmaker comparisons and guides to find the PayPal sportsbook that best meets your unique betting needs and preferences.
Average time of PayPal for deposits and payouts – fast processing with pretty much any U.S. sportsbook that accepts PayPal
The majority of betting sites that accept PayPal here in the U.S. are well-known for offering fast processing times and withdrawals specifically to customers who use PayPal or other popular e-wallets as opposed to more traditional payment options, like credit cards. That said, no two bookmakers are ever exactly the same when it comes to their individual payment terms, so it’s always important to compare deposit and withdrawal limits, speeds and restrictions between providers.
Generally speaking, most betting sites you can use PayPal on will accept instantaneous deposits from PayPal – and even the very slowest sites will still usually process PayPal deposits within 24 hours. This means you should never have to wait too long to top up your online betting account if ever it’s running low on juice.
The situation with withdrawals is a little different. Some U.S. betting operators offer PayPal deposits only, while those that do accept withdrawals tend to process these within 24 to 48 hours. That said, there are a handful of sites out there that might leave you waiting as long as 4 days – so be careful! For every U.S. sportsbook that accepts PayPal, the trick is to scrutinize its T&Cs and compare these against the competition before registering. Ideally, you’ll want to pick an operator that offers both deposits and withdrawals and generous upper limits.
PayPal verification requirements – what you need to get verified
So far, sports betting PayPal USA probably sounds pretty straightforward, but just as you’d expect from every other e-wallet or online payment provider, there are a few hoops you’ll need to jump through in order to verify your account before you can actually start using it for online sports betting.
PayPal is pretty stringent on security checks, which means the personal information you enter when creating your account will be cross-referenced with the national database to ensure you are definitely who you say you are. Expect to have to upload a copy of your driver’s licence or government ID card during verification. You might also be asked for things like your social security number, tax ID and date of birth – not just by PayPal themselves, but by any sportsbooks that take PayPal that you might decide to use in the near future, too.
The good news is that PayPal is well-known for being unusually quick at verifying customers and has excellent communication, too. You’ll be notified immediately once your account is fully verified – and from here, you’re home free to start betting on any U.S. sportsbook that accepts PayPal. If you encounter any issues with verification, do not hesitate to contact PayPal’s 24/7 U.S. support services. Staff are always helpful and tend to answer in a timely manner, too.
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The history of PayPal – how sports betting with PayPal in the USA came to be
PayPal dates back as far as 1998 and was initially founded in Mountain View, California, where the company is still based to this day. Following fast successes in the online shopping sector, PayPal went public on the stock exchange in 2002 and was sold to popular online marketplace eBay for $1.5 billion in that same year.
Around this point in time, online betting was largely unregulated in the U.S and PayPal had a somewhat rocky relationship with offshore gambling sites. Offshore operators far and wide were keen to start promoting themselves as betting sites that accept PayPal, but the US government was strongly against the idea – and actively strived to shut offshore gambling down for US bettors.
PayPal then avoided the online gaming and betting business until 2015, when it became an independent company again. At this point, the sports betting PayPal USA boom officially began, as PayPal moved to join hands with properly licensed and regulated operators across the U.S. and further afield.
Today, PayPal has upwards of 286 million active users in various countries all around the globe and has come a long way since its online shopping roots. Sportsbooks that take PayPal can be found all over the world, and big betting brands are slowly rolling out their services in new U.S. territories following state-level legalization.
PayPal to other providers compared – a tried and tested industry reputation
One of PayPal’s major calling cards is its reputation – which is pretty much second-to-none in the online payments sector. PayPal has become a household name in its field, and today, there’s pretty much zero doubts in the safety and security department when customers use it for online transactions, on account of the company’s long-running history and wide international recognition. Betting sites that accept PayPal have an air of authenticity by affiliation with the brand alone, but you should always check our ratings and reviews on an operator-by-operator basis.
Speed and efficiency are two other top benefits of using PayPal rather than other popular payment methods to fuel your online betting activities. Nine times out of ten, using PayPal or another e-wallet on a U.S. sportsbook that accepts PayPal means you’ll get to enjoy faster deposit and withdrawal times.
On top of this, PayPal consistently ranks highly for security. It acts as a sort of intermediary between your bank account and your betting activities, meaning any betting sites you can use PayPal on will never see your bank details directly. PayPal is also a big user of Encrypted Website Payments (EWP), offering an additional layer of protection for its customers.
However, the company does have its downsides. Most notably, you’ll incur those notorious PayPal fees you’ve probably already heard about. In most scenarios, typical PayPal fees charged on received funds chime in at around 2.9% – but there’s also a $0.30 flat fee on each transaction, too.
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Most popular payment methods – is sports betting with PayPal in USA right for you?
If you’re new to online betting or are used to relying on credit cards for most of your online payments, the concept of switching to PayPal might feel a little daunting. If you’re worried whether PayPal is 100% legit and secure, that’s a perfectly understandable concern – but we’re here to reassure you that there’s absolutely nothing to worry about.
E-wallets like PayPal, Apple Pay, Android Pay and Snapcash are rapidly growing in popularity all across the U.S. and, as well as betting sites that accept PayPal, you’ve probably come across bookies that accept these other payment methods, too.
Here at Betastic US, we closely scrutinize and review all emerging payment methods in the online betting space. We also rate and rank the top betting sites in the country in multiple categories, including safety, security and licensing – and will only ever recommend operators that we deem to be 100% trustworthy.
It’s also worth noting that any U.S. sportsbook that accept PayPal will always have a recognized U.S. licence, as PayPal refuses to do business with offshore betting sites and casinos. To find out how today’s top betting sites rank alongside each other for security, check out our PayPal bookmaker comparison now.
PayPal FAQ – how to use betting sites that accept PayPal
By now you’re probably keen to get started with sports betting PayPal USA, but we’d recommend having a quick read through these common FAQs to ensure you know exactly where you stand before you get betting.
Do betting sites you can use PayPal on have deposit limits?
Generally speaking, each betting site will set its own rules on how much players are allowed to deposit using a particular payment provider. Most sports betting PayPal USA sites will require you to deposit a minimum of $10, but maximum limits can vary pretty drastically between providers. Check out our PayPal bookmaker comparison to pin down the operator with the most flexible limits.
Do PayPal betting sites allow PayPal deposits and withdrawals?
Again, every U.S. sportsbook that accepts PayPal reserves the right to set its own rules in this area. Some operators will accept PayPal strictly for withdrawals only, while others will allow you to deposit and withdraw using PayPal but set upper and lower limits on the amounts you can cash out. Always check your preferred operator’s T&Cs and, where possible, try to pick a provider that offers both PayPal deposits and withdrawals.
What fees are involved with PayPal?
PayPal is quite well-known for charging its customers fees, but these aren’t really as punitive as some reviews might lead you to believe. Creating a new account and using PayPal is 100% free but receiving funds into your PayPal account will usually incur a 2.9% charge, as well as a flat transaction fee of $0.30.
How do I withdraw my online betting balance to PayPal?
If you’re using a sports betting site that accepts PayPal, then sooner or later you’re going to want to cash out. Usually, the process of transferring your online betting balance to your PayPal account is super-straightforward – just visit your betting site’s banking page, request a withdrawal, and select PayPal as your preferred withdrawal option. Sometimes, you might be redirected to PayPal’s login page as part of the authentication process.
Do betting sites that accept PayPal allow you to use PayPal on bonuses?
It’s not uncommon for operators to place restrictions on bonuses, including T&Cs limiting which payment methods you can and cannot use when putting down a qualifying deposit on a tasty sign up offer. More often than not, most operators include PayPal on the bonus payment eligibility list – but always double check just to be sure! If the operator you’re interested in bars PayPal from bonus deposits, you shouldn’t have too much trouble finding an alternative place to bet using our comparison.
Conclusion – do we recommend using a U.S. sportsbook that accepts PayPal?
If you’re interested in trying out sports betting PayPal USA, we’d highly recommended you give it a shot. PayPal is safe, trusted and super-efficient and, as long as you’re selective when it comes to choosing the right bookmaker to suit your unique needs, you can’t really go wrong.
Here are the top three things we’d advise you to keep in mind:
- Find an operator that accepts PayPal deposits and withdrawals
- Double-check whether PayPal is eligible for claiming sportsbook bonuses before you register
- Make sure the upper deposit and withdrawal limits meet your needs, especially if you’re a regular bettor.
Get these three things right and you’re pretty much guaranteed a safe, fun and straightforward PayPal betting experience here in the U.S.
U.S sportsbook that accepts PayPal FAQ
🤔 Can I use PayPal to bet in the US?
Many of the best sports betting sites in USA accept a broad range of payment methods, from traditional credit and debit cards to up-and-coming e-wallets. If you’re interested in online betting using PayPal, it’s important to compare and contrast operators’ payment terms to find a betting site that properly meets your needs. Discover the top US sportsbooks with Betastic today.
🏉 Which sports betting sites accept PayPal?
Finding the best bookmakers that accept PayPal can prove to be a long-winded, trial and error process if you don’t know what you’re looking for or where to find it. Fortunately, Betastic compares all the top sports betting sites in the US in multiple categories, including the fastest payout sportsbook payment options, so you don’t have to. Find your perfect PayPal betting site now.
🔒 Is betting with PayPal safe?
Whether you’re interested in betting online with crypto, e-wallets or credit cards, it’s important to only place bets via an operator that’s properly licensed and 100% legal in your region. Here at Betastic, our betting tips, reviews, guides and more can help you better understand how to determine whether an operator is legit – securing you safer betting experiences for the foreseeable future.
💳 Does PayPal Credit work with betting?
There’s an awful lot to get your head around when it comes to understanding betting operators’ rules surrounding deposits, withdrawals and payment methods. Online betting with PayPal can be fun and super-efficient – but what about betting using PayPal Credit? Discover everything you need to know about the best betting sites in the US and their complex payment terms with Betastic’s latest reviews.
❓Does PayPal accept gambling?
Most of us bettors fully understand the ins and outs of bookmaker T&Cs, bonus offer rules and betting operators’ payment restrictions, but what about PayPal’s own rules surrounding online gambling? Here at Betastic, we review and compare the best betting sites in the US that accept multiple payment methods like PayPal, and we can give you the full lowdown on whether PayPal gambling is legal here in the US and all the new bookmakers in USA that accept it.