- One of the biggest online payment providers.
- Provide automatic currency conversion.
- Secure system facilitates up to 5M transactions/day.
Sportsbooks That Accept PayPal
PayPal is one of the creations of Elon Musk, who joined with other investors to establish this service in 1998. It’s now one of the most well known and frequently used online transaction services in the world, facilitating more than a billion transactions per year. More than 15% of all transactions online take place through PayPal, with hundreds of millions in funds exchanging every day. With more than 100 million accounts serving 25 currencies worldwide, approved vendors can be found across the globe.
The acceptance of PayPal deposits into your betting account depends entirely on the jurisdiction in which you wager on sports. Sportsbooks that accept PayPal can only do so in regions in which local and federal legislation legalize the activity. Here’s a list of sportsbooks that do accept PayPal, along with the types of bonuses they offer and the minimum deposit necessary to join in on the action. Consult directly with these websites to learn more about their different promotions.
Betting Online With PayPal
When PayPal first started, much of their business consisted of facilitating wagering activity through legitimate sportsbooks around the world. However, as more and more governments restricted online gambling activity due to political controversy, PayPal responded by dialing back their involvement in the industry, restricting payments to sportsbooks that are located in legal areas and players making wagers in sanctioned zones. As such, you may find that some sportsbooks will accept other online payment methods but will be unable to process activity through your PayPal account.
Otherwise, PayPal is typically one of the most consumer friendly services because of their advanced security methods and the ability to request a chargeback when you feel that a merchant hasn’t provided the services or products you expected. Unlike other payment methods, which only deal with depositing funds into your sportsbook account, PayPal will also let you receive your winnings directly from the wagering service that you’ve signed up with, avoiding the complication of dealing with multiple accounts. PayPal also helps to ease currency conversion issues without charging an arm and a leg.