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.
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PayPal left the online gaming business after it merged with eBay in 2003.
List of the Top PayPal 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. To make a deposit, simply follow these steps: Navigate to the cashier and choose deposit Select the PayPal option from the drop-down menu. Click on the amount you wish to deposit into your 888casino NJ account.
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
Rank | Sportsbook & Casino | Legal States | Bonus Offer | Get Your Bonus |
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1. | Unibet Casino | PA, NJ | $500 Match | Get Bonus! |
2. | BetMGM Casino | NJ, WV | $500 Match | Get Bonus! |
3. | PlaySugarhouse Casino | NJ, PA | $250 Match | Get Bonus! |
4. | DraftKings Casino | NJ, PA, WV | $35 Free | Get Bonus! |
5. | Hollywood Online Casino | PA | $502 Match | Get Bonus! |
6. | Golden Nugget Casino | NJ | $1,500 Match | Get Bonus! |
7. | Tropicana Casino | NJ | $100 Match | Get Bonus! |
8. | LuckyLand Slots | All US (except WA) | Get A $10 Gold Coin Package for $4.99 | Get Bonus! |
9. | Chumba Casino | All US (except WA) | Get A $30 Gold Coin Package for $10 | Get Bonus! |
10. | FunzPoints | All US (except WA) | $20 Match | Get Bonus! |
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.
Online Gambling Paypal Deposit
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.
Drawbacks of using PayPal
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.
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.
Have you used an e-wallet before?
An e-wallet is an online account you can use to store money and make purchases. Purchases are dead simple, only requiring an email, account number or a debit card that's attached to the account.
There are several e-wallet options, such as Skrill and Neteller. However, both of these came 1-3 years after the arguably most popular and well-known option – PayPal.
PayPal is one of the world's largest payment companies. According to Wikipedia, they moved $228 billion in 30 different currencies to 190 different nations in 2014.
Chances are you've heard of them. If not, then chances are you've heard of eBay, their parent company.
PayPal is a good payment method for just about anything, online or off. We use it to conduct business online, but also to shop (online or off) with our debit cards.
There's little you can't use PayPal for – including online gambling.
Online Casino Paypal Deposit
However, PayPal is one of the few payment companies to that follows the rules in the countries or states they operate in. This means you may not be able to use PayPal, much less find a casino who accepts it as a deposit option.
Don't worry – we'll cover all this, and more below. Let's start with who can use PayPal to gamble online.