PayPal Sports Betting Payouts

There probably isn't a more well-known E-Wallet out there in the world than PayPal. It's used for a whole bunch of things, making online transactions fast and convenient between both consumer and producer. But did you know that some sportsbooks also accept this as a method of depositing and paying out their players? Well, they sure do. Online sportsbooks around the world try to utilize the convenience and popularity of PayPal to give their players an easy way to get their winnings paid out to them.

Check out how PayPal works as it relates to online sportsbook payouts, and see if this might be the way that you want to go about betting sports online from now on.

What Is PayPal?

Pay, and get paid through the Internet with the services provided by PayPal, making the transfer of funds as fast and as safe as possible. PayPal currently has more than 128 million active accounts in 193 markets, spanning 25 different types of currencies that are available to send and receive. The company processes nearly 8 million transactions per day, making it the most widely used e-wallet in the world.

PayPal was founded in 1988, with their headquarters located in San Jose, California. And PayPal continues to grow every year, getting bigger and bigger. The fast transactions make PayPal an ideal e-wallet to use for online sportsbooks, as players are able to deposit and receive very fast payouts from the sites.

Can USA Players Use PayPal For Sportsbook Payouts?

PayPal does not allow for players in the United States to make or receive any payouts for the expressed purpose of online gambling. They choose to avoid the potential hassle that comes along with that. Federal laws in the United States place restrictions on online gambling transactions, and PayPal chooses to avoid that. However, Fantasy Sports sites where money is placed can be used by USA players wanting PayPal as a method.

Online Sportsbooks That Use PayPal As a Payout Method

There are several online sportsbooks out there that utilize the ease of PayPal when it comes to both accepting a deposit, and paying out their players. PayPal is fast, easy, and has a great reputation of being safe and trusted.

Bet365 Sportsbook

Fastest Sportsbook For PayPal Payouts

We mentioned Bet365 earlier on this page, and for good reason. As far as the quality of sportsbooks goes, it's about as good as you will find anywhere in the world. It is one of the top international sportsbooks around, and unfortunately doesn't accept USA players.

For PayPal payout purposes, that doesn't matter anyway because players in the U.S. are not allowed to use PayPal for gambling transactions. But for you players outside of the United States, PayPal is a fantastic option if you want some of the fastest payouts ever seen from an online betting site plus Bet365 doesn't charge a dime! Furthermore, using PayPal for sportsbook withdrawals, users have the ability to get up to $5,500 per transaction which is more than most other methods.

Rating 9.0/10

Sportsbooks That Have With PayPal Withdrawal
Best Sites For PayPal Payouts Min. / Max Avg. Payout Time Go To Sportsbook Betting Site Review
Bet365 Sportsbook $10 / $5,500 Instant Processing Bet NOW Bet365 Review

More About Using PayPal For Sports Betting Payouts

What Do I Need To Use PayPal For Sportsbook Withdrawal?

If you are wanting to use PayPal as a way to receive a payout from an online sportsbook, you will need to have a PayPal account. This can be easily attained by signing up for one at PayPal.com. It will only take a couple of minutes. From there, you will need the ability to send and receive funds. It is likely that is you receive a payout from PayPal, you will have deposited by PayPal and the sportsbook will already have your account number. If not, it's easy to give the sportsbook your PayPal account when you are ready to receive the withdrawal.

How Long Do PayPal Sportsbook Payouts Take To Receive?

Once the withdrawal request is made at the online sportsbook for a PayPal payout, it typically only takes about 24 hours to receive the funds. PayPal is one of the fastest sportsbook payout methods that you will come across. It certainly makes it easy on both the player and the sportsbooks using PayPal as the preferred method.

Does PayPal Have Withdrawal Minimums & Maximum Limits?

The withdrawal limits for a PayPal payout will be determined by the sportsbook in which you are playing at. The limits though are typically very low and can go to several thousand dollars. As an example, Bet365 Sportsbook, one of our top-rated PayPal sportsbooks, has a minimum payout of $10 up to a maximum of $5,500 per transaction. So as you can see, there is a lot of leeway when it comes to getting paid out from a sportsbook using PayPal.

Pros And Cons Of PayPal

PRO: Widely Used And Very Secure - There is a reason that PayPal is the most popular and widely used online payment company. They are very reliable, and those sportsbooks that allows players to use PayPal will be very happy with the service that they receive.

PRO: Fast Payouts - If you are looking for fast payouts, sportsbooks will transfer your winnings directly into your PayPal account, for which you are free to use as you please. Bettors can expect to receive payouts from PayPal in less than one day.

PRO: Only PayPal Account Number Needed - One of the advantages of PayPal over other methods of payout like a wire transfer is that there is no financial information needed. Sportsbooks will only need the PayPal account number, and no banking information or other personal info.

CON: Still Not Accepted For U.S. Players - While players in the United States can use PayPal for Fantasy sports sites where real cash is involved, American players are still not able to access PayPal and its services for other forms of online gambling.