Getting started with PayPal is really easy so even if you don’t have an account, you won’t have any problem using this banking option for online sports betting. Like most e-wallets, PayPal acts as an intermediary between your bank account or credit cards, and the online sportsbook, allowing you to make a deposit or withdrawal without entering your banking information. In this section, we’ll explain how to move money on and off your online sports betting account using PayPal. Depositing ...
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Bettors can also use their PayPal account to purchase gift cards or related products from any of a number of online merchants. They can then use the gift card to fund their sports wagering account at any of our highly recommended online betting websites.
In fact, when you use PayPal at legal online sports betting sites, you have two sets of limits to be aware of. The first PayPal limits are actually the site's betting voucher limits. At Bovada, the voucher transfer minimum is $10 and the maximum is $3000. This is for both deposits and payouts.
Online betting sites do not charge a fee to deposit with PayPal. PayPal charges 2.9% to deposit using a credit card or debit card. There is no fee to use an existing PayPal balance or an electronic funds transfer from a bank account.
Sky Bet are also an online sports betting bookmaker that accepts PayPal as a form of payment. They charge no additional fees and accept both withdrawals and deposits from PayPal accounts. The minimum bet is of ￡10 when betting at Sky Bet and using PayPal as the payment service.
With more legal and regulated gambling sites popping up in the US, PayPal is continuing to grow in the US sports betting and gambling market. Calvin McAlee. Calvin is a sports betting enthusiast that has been in the business for over 10 years.
How to Use PayPal for Online Sports Betting. Before you get started, it’s important to understand how to use PayPal for gambling. First, you’ll need to sign up for an account at one of our recommended PayPal betting websites. Visit the bookmaker’s website and sign up for a free account.