PayPal is one of the oldest and most respectable e-wallets that has been around for over 20 years, so no wonder why there are so many online sports betting sites that accept PayPal in Canada. This article will discuss the best PayPal betting sites, how to use this method to make fast, safe, and secure payment to all online sportsbooks in Canada. Read on!
Best PayPal Betting Sites Canada – Our Top List
Although we have said that many bookmakers accept PayPal in Canada, we can’t claim all of them are worthy of your time and money. To save you the trouble of roaming around the internet searching for the online betting sites that take PayPal, we have made a list for you after carefully examining all their traits.
We made sure all sites presented here use PayPal and have a great variety of sports to bet on, an exceeding number of betting markets for the most important fixtures, and many other vital features.
What is PayPal, and How Does It Work?
PayPal was founded in 1998 in San Jose, California, with an email of revolutionizing digital payment systems and the fintech market in general. It would be an understatement to say that the operator did that. More than 325 million PayPal accounts in 202 countries can process payments in 25 different currencies.
Canadians have taken a liking to PayPal since day one, and Canada’s bettors are among its most avid users. However, PayPal bookmakers arrived at the Canadian iGaming market in 2009, a bit later than the competition. The reason for this can be found in the payment operator’s dedication to running a fully legal and licensed operation, and nothing less than that. This means that all online sports betting sites that accept PayPal promoted here are entirely safe, legal, and reliable.
The payment provider offers six different protection layers to users that range from round-the-clock monitoring of all transactions to the latest encryption technology and fraud protection. Such tight security measures allow online sportsbooks that accept PayPal to put all customers at ease.
You can fund your PayPal account in various ways: from other e-wallets to bank transfers, credit/debit card transactions, and prepaid cards. Once you have topped up your account, you can head to the best PayPal betting sites and start playing now.
How to Make a Deposit Using PayPal
Depositing at the best PayPal betting sites is a process that can be completed in a few simple steps. However, you need to make sure you have already topped up your PayPal account using any available methods. From then on, the processing of transferring funds to online bookmakers that accept PayPal goes as follows:
- Choose any of the sportsbooks from our list and register an account.
- Head to the Cashier section and choose PayPal from the list of deposit methods.
- Input the amount you wish to deposit.
- The payment gateway will redirect you to your PayPal account, and there you need to log in using your credentials.
- Verify the transaction.
- Start betting!
How to Withdraw Sports Betting Winnings Using PayPal
The withdrawal process at online bookmakers that accept PayPal is much like the deposit method, with only a few differences. The first significant difference is that you’ll probably be asked to provide a copy of your government-issued ID, utility bill, and bank statement to verify your identity if you are using PayPal to withdraw the winnings for the first time.
This request is in line with the strict security and business policies imposed by PayPal. Other than this, the process looks much like the one done for deposits where you select PayPal from the list of available options, type in the amount you wish to deposit and verify the transaction.
Advantages of Online Betting Sites That Accept PayPal
There are a plethora of reasons to use PayPal for your online sports wagering. First of all, it is an entirely safe method with multiple protection systems. You won’t have to divulge any sensitive details to betting sites since all transactions go through PayPal.
Secondly, all deposits completed using this method are processed instantly, so you won’t have to face long pending times as you would with other methods. Moreover, all welcome bonuses can be claimed using PayPal as it is rarely outside bookmakers’ grace when bonus rules are concerned, unlike Skrill or Neteller.
Finally, PayPal offers mobile apps for both Android and iOS devices so that you can always keep track of your spending, no matter where you are.
Disadvantages of PayPal
Although advantages and pros certainly outweigh the downsides of PayPal, we are obliged to mention them, nonetheless. While deposits to online sports betting sites that accept PayPal come with no fees most of the time, all withdrawal transactions incur a small fee, usually 3.4%. Other than that, PayPal has no notable downsides.
Are PayPal transactions secure?
How long does it take to get a withdrawal with PayPal?
What are the top betting sites with PayPal in Canada?
Are there any fees for using PayPal?