How to Withdraw Winnings from Online Betting Sites Using PayPal. One of the major strengths of PayPal is that most of the betting sites that accept PayPal deposits also work the other way around and will facilitate withdrawals as well. To make a withdrawal from your betting account, you need to choose PayPal from the list of options. Paypal Casinos: UK Casinos That Accept Paypal! Due to the security and the convenience it provides, many online casino sites are offering PayPal in their portfolio so that the players can bet on their preferred slots without any hassle. The simplistic using method of PayPal makes it easier for the gamblers to deposit and withdraw their bankrolls.

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• Bet Sites With Paypal

PayPal (www.paypal.com) is the largest e-wallet payment system in the world. The company was founded in 1998 and is headquartered in San Jose, California, the United States. A PayPal account can be used to make purchases at tens of thousands of online retailers and many of the world’s largest online betting sites. With top notch security, lightning-fast transactions and minimal fees, PayPal is a solid option for anyone looking for a new way to play online.

Csgo Gambling Sites That Accept Paypal

One thing you should be aware of is that PayPal only works with betting sites that are licensed by major licensing jurisdictions. As a US-based company, PayPal is beholden to laws in the United States that strictly prohibit payment processing for unregulated offshore betting sites. Customers in the UK and Europe may use PayPal freely to gamble online, but customers from the US are limited to a select few state-authorized sites.

Best Paypal Betting Sites

These sites are confirmed to accept PayPal for both deposits and withdrawals. If you live in any country from which the above betting sites accept new customers, you may also use PayPal to get started.

How Paypal Works

To put it simply, PayPal is an e-wallet that you can use to store funds online, make payments, receive money and transfer money to friends. Many people choose PayPal simply because it offers security. When you make a payment or transfer funds to a gambling account, the merchant never sees your banking details or credit card number.

People also flock to PayPal because it saves payment information in a secure location. Instead of pulling out your credit card and typing in your information every time you want to make a payment, all you do is choose an amount to deposit and then log in to your PayPal account to confirm the transaction. This comes in very handy for people who do a lot of shopping or betting online.

Additionally, PayPal is a handy withdrawal method from betting sites. You can cash out your winnings any time straight to your PayPal account. The money is moved quickly and then you have the option to transfer that money to your personal bank account or go shopping somewhere else. Cashouts to PayPal are usually completed within hours and rarely longer than a day or two.

Getting Started

First, visit PayPal.com to sign up for a free account. You’ll be asked for your name and address then asked to set a password for your account. The next step is to upload funds to your PayPal account. The easiest way to do this is to link your bank account to PayPal. You can do so by entering your banking information to PayPal and then waiting for two small deposits to be sent to your bank. Check your online banking statement and then confirm the amount of each deposit. This verifies you as the owner of the account.

Once your bank account is confirmed, you can upload funds any time free of charge. All you have to do is log in to your PayPal account and choose an amount to upload. From there, you can make a deposit to any betting site that accepts PayPal.

PayPal betting sites can also send payouts back to your account free of charge. This is a fast-working withdrawal method and accounts for another reason why PayPal is a handy service. Once your funds hit your PayPal account, you can transfer them directly to your bank free of charge. You may also have PayPal send you a check for a $1.50 fee.

Verify Your Account

It would be a good idea to verify ownership of your bank account or credit card as quickly as possible. Doing so is a simple matter of logging in to your PayPal account, clicking on “view limits” and then “lift limits.” Follow the instructions on the screen and then wait for PayPal to send the 2 small deposits that I mentioned earlier.

Confirming ownership of your bank account or credit card immediately lifts your withdrawal limits from $500 per month to unlimited. The verification process takes a couple days, but it requires nothing more from you than to check your statement after a few days to note the exact deposit amounts PayPal credited to your account.

Paypal Betting Fees

It’s possible to use PayPal for years without paying a single fee if you do it right. Deposits to betting sites are free and it is also free to fund your PayPal account with an instant bank transfer. However, you will be charged 2.9% if you upload funds to your PayPal account with a credit card.

Online betting sites do pay a fee to PayPal when you use it to deposit. Most sites cover this fee but some sites have been known to pass the fee on to customers. This fee maxes out at 3.9% so it’s not anything too terrible. Fortunately, most sites just cover the fee so this won’t even be a concern for most gamblers.

Established in the 1990s, PayPal’s first business model was processing payments for eBay, the world’s largest online auction site. The two companies became so synonymous they eventually merged before breaking up again in 2015. Paypal Holdings Inc currently trades under the ticker symbol PYPL.

Besides processing payments for online auctions, PayPal also moved into other markets.

This included online gambling sites. It was the first choice for U.S. players in the early 2000’s. Most online poker, casinos and sportsbooks accepted PayPal. The ease of funding a PayPal account made it convenient. Its brand name made players feel more comfortable using it compared to newcomers to the market.

PayPal left the online gaming business after it merged with eBay in 2003.

List of the Top PayPal Gambling Sites

Gambling Sites Using Paypal Loan Builder

Using PayPal for US online gambling

PayPal remained as eBay’s preferred payment processor after it dropped the online gaming business. It returned to the U.S. online gaming market in 2015.

NJ online sportsbooks and casino sites accept PayPal. As does Pennsylvania, Indiana and West Virginia. And, when you signup using the links on this page, you qualify for exclusive no deposit offers for Sugarhouse, BetMGM, Unibet and Hollywood Casino.

List of PayPal gambling sites in USA

There are some restrictions for PayPal transactions for Americans looking to use the eWallet for online gaming purposes. You can only fund these types of accounts using electronic funds or an existing balance. A transfer from another individual counts as an existing balance.

Funds in an American PayPal account that originated from the user’s credit or debit card may not be used to fund an account. This is due to restrictions that many bank card issuers have on gaming transactions, even ones that are specifically legal. U.S. players may withdraw from PayPal by electronic check, check and PayPal debit card.

Using PayPal for online gambling in the UK

The UK was the first market that PayPal returned to for online gaming payment processing.

This started in 2008 with Betfair. The number of sites that accept bets from UK players has exploded since. A PayPal online betting site in the United Kingdom must have a license from the UK Gambling Commission (UKGC) to accept the eWallet. Paypal does not approve or work with unlicensed sites.

Players in the UK may fund a PayPal account using Visa, Mastercard, Solo, Switch, Delta, electronic funds transfers and an existing balance. Withdrawals are processed by check, electroniccheck and PayPal’s debit card.

Using PayPal for online gambling in Canada

PayPal is not available for online poker, casino or sportsbook transactions in Canada.

This is because gaming sites in Canada are not licensed and regulated by the government. That is a requirement for PayPal to process payments. PayPal is still available for transactions related to eBay purchases and other person-to-person transfers.

Benefits of using PayPal for online gaming transactions

PayPal is a fast way to load an online casino, poker, or sports betting account. There are a variety of ways to fund a personal PayPal account.

Transfers are instantaneous to merchants, including online gaming sites. Deposits made by PayPal rarely require a documentation check as PayPal already does that when creating an account.

Withdrawals are simple with PayPal. Some sites tack on a 2.9 percent fee for withdrawals, although some will cover this cost, depending on local regulations and company policy. You can send cash for free from a PayPal account to a bank. There is a small fee for a check or debit card withdrawal.

PayPal is the oldest eWallet. This experience shows in its security and software. PayPal security is quick to identify fraudulent logins and transactions. This protects players and their balances.

Gambling Sites Using Paypal Instantly

Drawbacks of using PayPal

Gambling Sites Using Paypal Surveys

The 2.9 percent fee for withdrawals in some jurisdictions is the number one complaint about PayPal. Additionaly, there may be a fee in countries where debit and credit cards are used.

Bet Sites With Paypal

PayPal does not offer good customer service. One issue not related to online gaming is the high number of chargebacks eBay sellers report. PayPal rules on the side of the buyer far too often in the eyes of sellers.