Betting Site
Bonus
Brand Features
Review
Bet Now
1
LOCAL
Sports Interaction
5
200$ Free Bonus
200$ Free Bonus
Read Review
2
FEATURED
888Sport
4.8
$250 Bonus
$250 Bonus
Read Review
3
HOT
Royal Panda
4.8
$20 Free Bet | $100 Bonus
$20 Free Bet | $100 Bonus
Read Review
4
HOT
MoPlay
4.7
$200 Bonus
$200 Bonus
Read Review
5
FEATURED
Betway
4.7
$100 Bonus
$100 Bonus
Read Review

Introduction to PayPal

paypal

PayPal is one of the most popular online payment methods in the world, allowing users to send and receive money from an electronic wallet.

More than 270 million people worldwide now use PayPal, with many Canadians utilizing it is a way to fund their online gambling activities at sites like 888sports, Betway and others.

The sign-up process is extremely easy – simply select the type of account you require before entering a few personal details and you’ll soon be on your way to using PayPal.

You can link your bank account, debit card and credit card, all of which will help you make safe and secure online financial transactions.

Available across all types of electronic devices including desktop and mobile, PayPal is a great way to fund your betting and is offered as a payment option by many of the industry’s leading operators.

Advantages and disadvantages of using PayPal

Pros

  • There are many benefits to using e-Wallets like PayPal including increased levels of security, ease of use and greater efficiency.
  • PayPal allows you to link your different accounts into one area, making it much easier to securely manage your online spending.
  • It utilises encrypted technology, meaning betting companies will never receive your personal data when you use it to deposit or withdraw funds from your account.
  • This adds another layer of security, giving you additional peace of mind that your financial details are being kept safe from prying eyes.
  • Deposits to your betting account via PayPal are generally processed instantly, while withdrawals are often credited back to you much quicker than many other online payment methods.
  • PayPal’s convenience is one of its major benefits, with people able to use the service across a variety of devices either at home or on the move.
  • This allows you to fund your betting account, place bets and make withdrawals at a time and place that suits your personal circumstances.

Cons

  • PayPal does sometimes implement fees and limits on betting transactions, so it is worth checking these out before using the service.
  • It is not offered by every bookmaker in Canada, so check the available payment methods before signing-up for an account.

How to deposit funds using PayPal

To make a deposit using PayPal you will need to visit the cashier or account section on your chosen bookmaker’s website.

PayPal is often listed just below the debit or credit card options – once you have located it, simply click the relevant box or button to start the payment process.

You will then be asked the amount you wish to deposit. Enter the figures in the box and you will be transferred to PayPal.

Once you have entered your username and password you will be given the option to approve or reject the transaction.

If you are happy with details you have entered, just click to confirm and the deposit will be processed within a matter of seconds.

You will then be taken back to the bookmaker’s site where you can start to use the funds you have deposited to place bets.

Some betting sites offer bonuses and promotions for using specific deposit methods, so make sure you check these out before parting with your hard-earned cash.

paypal payment

How to withdraw funds using PayPal

The majority of bookmakers who offer PayPal to make deposits also allow punters to use it to request withdrawals.

Most firms require you to use the same method you used to deposit to make a withdrawal, so check the terms and conditions before proceeding with any transactions.

Once you have accessed your bookmaker account, locate the withdrawal section and choose PayPal as your preferred method.

Enter the amount you wish to take out of your account, click ‘Confirm’ or ‘Withdraw’ and the request will be processed in accordance with the bookmaker’s rules.

Some companies action withdrawals instantly, while others can take up to 48 hours before completing the transaction.

This can have an impact on how long the money takes to reach your PayPal account, so make sure you are fully aware of the criteria before proceeding with any requests.

As a general rule of thumb, withdrawals usually take between 3-5 working days to be completed, but using PayPal has been known to significantly speed up this process.

BACK TO TOP