Bank Gambling Sites
PayPal is one of the most popular ways to deposit and withdraw at online betting sites. The easiest way to deposit to a bookmaker, casino or poker room by PayPal is through an existing balance. This can be received through a transfer from a friend or a sale over the internet at an auction site such as eBay.
There are several other ways to fund a PayPal account. An instant electronic check may be drawn directly from a bank account. Large transfers are available through bank wires. European bettors may also use a credit or debit card, including the PayPal Extras Mastercard. Players in the US may not use a credit or debit card to fund an account at a regulated poker or casino site.
Paypal betting sites & sports betting apps
If you’re in New Jersey, Pennsylvania, Indiana or West Virginia and you want to use PayPal to bet on sports, you’re in luck. A number of online sports betting apps and sites use PayPal
The GambleBox is very strong and made of forged stainless steel then powder coated for a nice finish. This is not your ordinary piggy bank it is a personal pocket vault that can save any one gambling at casino's thousands paying for itself instantly. Best gambling tricks tips, Gamblebox works really good pays for itself after the first time used. Can my bank block gambling sites? In fact, this is what the UIGEA law purports to do, though it does so on an unreliable, automated basis. If you use credit or debit cards to deposit into your betting account, the transfer might be flagged by the UIGEA’s systems in about 2-3 percent of cases. Online gambling sites accept money transfers. Because strict US laws limit how an online gambling site can accept payments, most reputable casinos accept money transfers for deposits and payments. However, payouts to gamblers in the US are limited to bank transfers or couriered checks no matter your method of payment.
PayPal betting FAQ
Can I use PayPal on betting sites?
It depends on where you are. PayPal only allows deposits to sites that are fully licensed in their resident jurisdictions.
So, residents and visitors to Nevada and New Jersey can use PayPal because those states allow PayPal as an option. Similarly, countries outside the US can elect to allow PayPal as a payment method for their online gaming sites.
However, in unlicensed areas, such as most of the states in the US, PayPal cannot be used on betting sites.
Can you buy Bitcoin with PayPal?
No. PayPal does not allow users to purchase Bitcoin or other cryptocurrencies at this time.
Are there fees associated with using PayPal at online betting sites?
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.
Can you deposit using PayPal if you don’t have a PayPal account?
Players must create an account with PayPal to use it as a deposit method. It is a quick and simple process that only takes a few minutes.
Can you use a family member or friends account to deposit via PayPal?
No. A PayPal account used to deposit at a betting site must belong to the account holder.
Why don’t I see PayPal as a withdrawal method?
PayPal will appear as a withdrawal option once a successful deposit using the method is made.
How do I withdraw from PayPal?
PayPal withdrawal options include electronic check and check by mail. PayPal has a debit card that may be used at any retailer that accepts credit cards. It can also be used to withdraw cash from an ATM.
Are there any online casinos that accept PayPal?
Yes. Within in the US, some online casinos in Nevada and New Jersey accept PayPal.
Outside the US, several countries accept PayPal as a deposit and withdrawal method. Please check each casino website’s frequently asked questions for more specific details about banking methods at that site.
Is PayPal a safe way to deposit at betting sites?
Yes. PayPal is just as safe as using any other ewallet. It is safer than using a bank account directly as it provides an additional layer of security between the betting site and the player’s financial information.
What are the advantages and disadvantages of using PayPal?
PayPal offers instant deposits. Credit cards, debit cards, and electronic bank transfers are among the deposit options. Players can also use PayPal for traditional purchases and eBay sales, making it more useful than some of its competitors. PayPal balances can also be created by receiving a transfer from a friend or business. The main disadvantage of PayPal is that there are deposit fees associated with credit card deposits. Withdrawals can be slower than other ewallets.
What countries are allowed to use PayPal?
PayPal is available for betting sites in Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Sweden, and the UK. Nevada and New Jersey players may use PayPal for online gaming deposits in the US. PayPal is also a deposit method for horse racing sites in the United States.
Why can’t US players deposit at a betting site using PayPal?
PayPal only permits gambling transactions in jurisdictions where it is licensed. That is why it is available in Europe. Countries license online betting sites. Nevada and New Jersey online gambling sites are also permitted to use PayPal as a payment option. The online sports betting sites available to players outside of Nevada are not licensed. They are located offshore. PayPal refuses to do business with those sites.
Didn’t PayPal once process payments for offshore sites?
Yes. PayPal was once the main ewallet for offshore gaming sites that accepted US players. This included poker, casino, and sports betting. The company processed these payments from 2000 until November 2002. PayPal paid a $10 million fine to the US government for these transactions in a civil action.
Bank Gambling Sites No Deposit
Why do DraftKings and FanDuel accept PayPal?
DraftKings and FanDuel are daily fantasy sports sites. These businesses are considered to be skill gaming under most state laws. PayPal’s legal opinion is that processing payments for FanDuel and DraftKings are legal in all jurisdictions that it operates.
Can you use PayPal on bet365?
Yes. Many countries that host bet365 allow players to make deposits and withdrawals with PayPal
Can you use PayPal on 888?
Yes. When you are about to deposit you will be directed to a PayPal login page. Simply enter your email and PayPal password to access your account.
Does betway accept PayPal?
Yes. betway does permit PayPal as one of its banking methods. However, it may be necessary to open a PayPal account specific to the country in which one’s betway account resides.
History of PayPal in online betting
PayPal was the first major ewallet on the Internet. It allowed individuals the ability to send money to a company or another person. It became the most popular way to purchase an item on Ebay. It was also the top choice for online gambling sites that accepted Americans, although it was a trivial amount of PayPal’s total business.
Online gambling transactions accounted for about eight percent of PayPal’s entire processing business in 2002. PayPal had little business outside North America at the time. That has changed drastically and PayPal is now an international company that processes payments in over 100 countries.
eBay acquired PayPal in 2002. The company has since split and became two different companies in 2015.
eBay purchases PayPal
PayPal stopped processing online gambling payments almost immediately after the 2002 merger. This left the US online gaming market with a massive void. Firepay and Neteller quickly came to the rescue. Both of these companies ran into legal trouble in 2006 and 2007, respectively.
The combined company became the target of a federal investigation into its online gambling payment processing in 2002, even though PayPal was an independent company when the alleged transactions took place. The company agreed to pay a $10 million civil settlement to dispose of the case in US Court in the Eastern District of Missouri. The amount was estimated to equal the amount of profit PayPal made during the two years it processed online gambling payments.
PayPal returns to online betting
Bank Gambling Sites For Real
PayPal stayed out of the online betting business until 2009. That is when the company decided to start processing payments again for the online gaming industry. The difference is this time around, the sites PayPal did business within the sector were fully legal and licensed in the jurisdictions where PayPal processed payments. This generally meant that the United Kingdom was the only country where PayPal was available as a deposit and withdrawal option.
Betfair was the first online betting site to use PayPal in Europe. Maybe not coincidentally, Betfair never accepted US players for any of its offerings, even before the Unlawful Internet Gambling Enforcement Act went into effect in 2006. Before that time, virtually every online gambling site accepted US players.
Betfair is known as a betting exchange. It differs from a typical betting shop as it allows players to set buy and sell prices similar to a commodities or stock market. Betfair takes a percentage of the win. This gave PayPal a unique entry into a complicated industry.
It was not long before other UK sportsbooks got approved by PayPal to use it for payment processing. Bet365, Ladbrokes and William Hill were among the companies selected to expand PayPal’s European online gaming business. Other online gaming companies that accept PayPal include 888, bwin, PartyPoker and Paddy Power. PayPal continued to only permit its use for online gaming purposes in countries where the activity is specifically legal and licensed.
Bet365, Ladbrokes and William Hill are among the strongest online gaming brands in the world. Each specializes in sports betting with online poker rooms and casinos falling secondary to the main business. All three started out as live betting shops throughout the UK. Each started to move its business to the Internet in the mid-2000’s during the online gaming boom. Bet365 sold its bricks-and-mortar betting shops in 2005. Ladbrokes and William Hill continue to operate them, lending even more credibility to the online business.
PayPal continued to operate its eBay and person-to-person business in the US. This included payment processing for traditional online businesses. It also permitted some uses within the skill gaming sector. This includes Worldwinner, a skill-based site owned by GSN. Worldwinner also processed payments to less traditional skill gaming sites that include Gamesgrid’s backgammon games and duplicate card games like spades, bridge and poker. Duplicate cards deal all players the same cards and score based on the difference in points between the participants.
PayPal enters daily fantasy payment processing
The next big move in the US for PayPal was daily fantasy sports. The contests are believed to fall under skill game laws in as many as 45 states, although there is some debate about the exact number where it is legal. Nonetheless, PayPal processes deposits and withdrawals for all sites in all states where daily fantasy companies operate.
New Jersey, the next step for PayPal
The next step for PayPal in the online gambling industry came in 2015. That is when PayPal and Caesars Interactive Entertainment started processing online poker and casino payments for WSOP.com and Nevada and New Jersey, as well as 888, Harrah’s Casino and Caesars Casino.
PayPal continues to be the largest ewallet in the world. Its movement back into the online betting industry helped it compete with Neteller and Skrill in Europe. Becoming a processor for big names like Betfair, Bet365, Ladbrokes and William Hill helped give it brand awareness in other countries where it may not otherwise have received the attention from players.
Once you’ve joined an online gambling site, you’ll need to fund your account if you want to gamble for real money. Adding funds to your account is known as depositing, and the process is very simple at most sites. It will vary a little from one site to the next, but typically you just need to follow some simple steps.
- Log in
- Visit the cashier
- Select your preferred method
- Enter the relevant payment details
- Enter the amount you wish to deposit.
You’ll notice that the third step listed above is to select your preferred method. There are actually a number of different methods that can be used to get your funds online, and most sites offer you plenty of options in this area. Not all methods are available at every single gambling site, but you’ll usually find at least one method that’s suitable for you.
On this page we explain a little more about the most common deposit methods and how they work. It’s worth familiarizing yourself with these so that you can decide which is the best way to deposit your money.
Depositing using a credit card or a debit card is very simple. It’s also the most popular method among gamblers. Virtually every gambling site accepts credit and debit cards, although they don’t necessarily accept every single type of card. Visa and MasterCard are usually fine, but American Express, Diners Club and other cards are not so widely accepted.
Credit and debit card deposits are typically processed instantly, so you can expect your funds to be available to use right away. At most sites, you’ll be able to withdraw any winnings back to any card used to deposit with.
Please be aware that, although most USA gambling sites do accept card deposits, some card providers will block transactions.
Most gambling sites, including those in the USA, allow you to deposit via wire transfer (also referred to as a bank transfer). This is a good option in any of the following circumstances.
- If you want to deposit a large sum of money
- If you don’t have a credit card
- If you don’t feel comfortable submitting banking details online
Using this method is a simple matter of arranging a transfer from your bank account to the bank account of the site you wish to deposit at. You’ll obviously need to request the relevant bank details first, unless the site publishes that information, and you’ll probably be asked to include a specific reference number on your transfer. Once your transfer is received, the funds will be added to your online account. This doesn’t necessarily happen instantly though, as there may be a processing period.
E-Wallets
An e-wallet is a bit like an online bank account. E-wallets are generally very easy to setup and fund, and you can then use them to spend your money at any online outlet where they’re accepted. They can be very useful for gamblers, particularly those who use a number of different sites and are frequently depositing and withdrawing from them.
There have been many e-wallet services come and go over recent years, but a few have been around for a while. There are three in particular that are very popular.
- PayPal
- Neteller
- Skrill (previously known as Moneybookers)
Unfortunately for American gamblers, neither Neteller nor Skrill accept US customers and PayPal does not allow gambling transactions in the US. If you live elsewhere though, then you should seriously consider using one, or more, of these for your deposits.
The use of prepaid vouchers and virtual credit cards has become noticeably more widespread over the years. These are good options for the following people.
- Those who do not have a credit card
- Those who do not have an e-wallet
- Those who live in the United States
The basic concept is pretty simple – you buy a pre-paid voucher or card for a fixed amount and can then use that voucher or card to make your deposit. You can’t usually withdraw using this method though.
There are several different types of prepaid vouchers and cards that can be used at gambling sites. The ones that are most widely accepted by gambling sites are Pasteandpay (which can be used in the USA), Ukash and Paysafecard.
You can use money transfer services such as Western Union to deposit at some sites, although the number of them offering this option has decreased a little over the last few years. Depositing in this way is simple enough, but the exact process will vary from one site to the next. It’s a decent option if you’re in the United States, particularly if you don’t have a credit card.
Using checks is a very straightforward way to add funds to your account. You simply have to post a check and, once it is cleared, the relevant amount will be credited to your online account.
However, as gambling sites use encryption processes when processing online transactions, this is not really an issue. It’s not a particularly popular option due to the time it takes, but it’s available at many sites nonetheless.
Before we finish this article, here is a small selection of questions that we are frequently asked about depositing at online gambling sites. The answers to these questions follow.
This is probably the question we are asked the most, but there isn’t really a definitive answer. There are advantages and disadvantages to all the methods listed on this page, so it ultimately comes down to whichever method works best for you.
Depositing online is perfectly safe, with one proviso. You should only ever deposit funds at gambling sites that you know are reputable and trustworthy. Most sites are reliable, but you must make sure. If you need help with this, we’d suggest simply stick to the gambling sites that we recommend. You can be absolutely certain that they can be trusted.
You can deposit pretty much whatever amount you want to. Sites do generally have minimums and maximums, but these are low enough and high enough respectively to suit the vast majority of gamblers.
It’s rare for gambling sites to charge fees on deposits, but not completely unheard of. You’ll usually get a warning before completing a deposit if you are going to be charged a fee, or you can always check with customer support.
One thing to watch out for when using credit cards is that they may consider a gambling transaction to be a cash advance. This means they’ll charge a fee on the transaction, and the rate of interest may be higher too.