If you’re looking for an online betting site with an easy-to-use method to deposit and withdraw your money, you might be interested in checking out PayPal betting sites. Betting sites that work with PayPal have already done the heavy lifting and set up an easy-to-use, fast way for you to fund your betting account and withdraw your winnings.

At PayPal-friendly gambling sites you’ll find popular North American sports leagues like NFL, MLB, NHL, and NBA. You’ll also be able to bet on college sports like NCAA football and basketball. The majority of betting sites feature soccer (EPL, Champions League, Bundesliga, MLS, Italy Serie A, La Liga, Liga MX, and Ligue 1). PayPal is widely considered one of the safest and most secure online payments systems on the planet. It is accepted as a method of payment on millions of websites. Plus, despite an on-again-off-again history with online gambling sites, PayPal is now accepted at several online gambling sites in New Jersey. Many gambling sites that accept PayPal also happen to be all-in-one sites. They usually offer at least two kinds of gambling, sports and casino being most common, but can also include bingo, poker and financials.

You’ll see in our list below some of the best PayPal betting sites offering a trusted, top-notch experience. All you have to do to get started today is check out a few of these sites, find the one that fits best for you, and start trying to rack up a win!

The Advantages of PayPal Betting Sites

Before we get into how PayPal betting sites work and a few other things you need to know, we want to cover the advantages of using one of these sites. Below, you’ll find a list of the three biggest perks of choosing to bet with a PayPal betting site. These are not all of the perks, but certainly, they’re the three biggest that we wanted to make sure to point out. It doesn’t matter to us what type of betting site you use, as long as you use the best one that works for you. That being said, you’ll probably see that PayPal betting sites are probably going to be a good fit for a lot of you.

Privacy of Your Banking Information

PayPal is a massive international company that is trusted by pretty much every business in the world. With a market cap of over $50 billion, they’re certainly not some fly-by-night processor that you have to worry about. We share all of that information to point out that you can trust your banking information with them.

Now, we have a lot of trust with the online betting sites that we recommend, but you may have never heard of them and might be a little skeptical about giving them your banking information. You might not be ready to just surrender your trust and your information. This is where PayPal comes in.

Most people that use PayPal (179 million users) choose it so that they don’t have to use their banking information with any other online sites. Instead, they use PayPal as a middleman to do all of their transactions. As you’ll see when we discuss how PayPal deposits work, they take the money from your credit card, debit card, or bank account, and then they complete the transaction with their own banking information. So, no matter how many sites or companies you use PayPal with to make purchases or deposits, you never have to share your banking information with any of them.

This helps to keep your personal banking information or card information safe.

Easy Method to Withdraw

Not only is PayPal great for getting your money onto an online betting site, but it’s also a great way for you to withdraw your winnings. Typically, if you use PayPal to deposit onto a site, they will then allow you to use it to withdraw your funds. The only reason they require at least one-lifetime deposit is to make sure that when they withdraw the money, it goes to the right account. So, you can make a $5 deposit on PayPal, and then withdraw as much money as you want for the remainder of the life of your account.

Usually, there are no or low fees associated with this withdrawal method (depending on the site you choose to bet with). The cash-out wait period is typically only a few days at the most from the time of your request to become available in your account. Some sites can even get these cash-outs done in less than 24 hours!

Fewer Headaches and Bank Issues

If you’ve ever tried to make a deposit into an online betting site before, you know that sometimes there can be issues. Specifically, you’ll run into one of two problems. One, the method you are using is confusing or not well laid out and can be more headache than it’s actually worth. Or two, if you’re using a mainstream option like a credit card deposit, you may run into problems with your bank declining the charge because they think it’s fraudulent. Usually, you can work around this, but it requires you to call your bank and work with them to get the transaction through. With PayPal, though, there are usually no issues with any bank as it is such a major reputable business.

How Does a PayPal Deposit and Withdrawal Work?

Gambling Sites Paypal Accepted Transaction

Some of you may have never used PayPal before, which could make this option seem a little bit intimidating. But, never fear – we’re going to walk you through exactly how it all works. There’s a reason that over 179 million people choose to use PayPal.

Deposits

Normally, when you make an online purchase (a deposit is the same as a purchase), you have to give your payment information to the site you are making the purchase with. This could be your banking information, your debit card number, or your credit card number. The site then takes their money and puts the funds in your account or sends you the product you are purchasing.

If you end up making a purchase with 10 different sites, 10 different companies now have your information in their systems. If you make 100 purchases, 100 different companies have your information in your systems. This is not a big deal unless one of these sites gets hacked and their information becomes comprised. Obviously, if you have your information with more sites, you’re more likely to be a victim of a mass hacking, which happens far too often at all different types of online businesses these days.

During this process, the only company that sees your banking information is PayPal. Technically, you make a purchase/deposit with PayPal first, and then they go and make a secondary purchase/deposit on your behalf using their own banking information. This means that the site you are buying from will only see PayPal’s information. That means if that site is ever hacked, the only company that needs to worry about their information being compromised is PayPal. You are completely protected and insulated.

So, even if you make 1000 different purchases online using PayPal, only one company sees your banking information. And that company has 179 million users, more than a 50 billion dollar market cap, and some of the best security possible. You only have to give your information to one major company that you can trust.

We’re not saying that online betting sites are more susceptible to getting hacked, but why not take advantage of the added layer of security just in case? In fact, you should probably be using PayPal or a site like it with all of your transactions online.

Withdrawals

When you’re making a withdrawal with your PayPal account, you’re equally as insulated. Just as there were two transactions with a deposit (you pay PayPal, and then they pay the betting site), there are two transactions when you make a withdrawal. PayPal will provide their banking information when you request a withdrawal, and the betting site will send your money to PayPal’s main account. Then, PayPal will make a second transaction, transferring your money from their main account into your personal PayPal account.

Now, if you’ve never used PayPal before, the next obvious question is how do you use your money? Well, you have two options.

Things You Need to Know

Before we send you out on your own, we wanted to point out a few additional important things that you need to know about PayPal betting sites. We want to make sure that we answer as many of the most popular questions and topics of discussions surrounding these types of sites.

Be Aware of Potential Limits

One thing that you’re going to run into when using a PayPal betting site is limits on how much you can deposit. Typically, these limits are going to be high enough for most, but if you’re a big player, you may have a few issues you have to work around. The limits are all over the place depending on where you are betting, with the low end being a couple hundred and the high end being well into the multiple thousands.

Time Frames for Deposits and Withdrawals

PayPal deposits are usually instant after you click to make the deposit from the site. But keep in mind that you will need to set up your PayPal account if you don’t already have one. It doesn’t take too long, but you will need to link a bank account or credit/debit card to your account which will take a few minutes.

Regarding PayPal withdrawals, they usually process within a few days at the max. The reason they aren’t instant is that once you request the withdrawal, the betting site has to process the withdrawal, and then it has to go through its “two transactions” before it finally gets to your account. How quick the betting site is at getting to your withdrawal request will determine how quickly you get your money.

Are There Any Fees?

What we normally see at PayPal betting sites are no fees on deposits or withdrawals. Rarely, we will see a small fee on withdrawals, but never have we seen one on a deposit. The fees that PayPal charges to make their money on your deposit are always absorbed and paid by the betting site.

Safety and Security

We touched on this during the benefits section of our guide, but we wanted to drive it home a little further. Online betting sites aren’t any more dangerous than other online sites in other industries. In fact, the reputable sites are typically a lot safer than the other online merchants you might use because they spend a lot extra to keep your information and money safe. They usually have to have the same level of protective measures as a bank, which means you can expect great security. Remember, this is only with reputable online betting sites, though.

All that being said, you still should be looking to do everything you can to make your online betting experience as safe as possible. When you use PayPal to fund your account and withdraw your winnings, you’re going the extra mile to make sure your information is safe. You never have to share any of your personal banking information with any of the online betting sites you use. That means that if they ever somehow get hacked or have a data breach, you’re not going to be at risk.

So, if your question is whether or not PayPal betting sites are safe, they are as long as you are using a reputable site.

In Conclusion

If you’re looking to get into the betting action and want a safer experience, you’re probably going to be a fan of PayPal betting sites. These sites offer you a quick way to load money online and a quick and headache-free way to get your winnings off. To get started, just select one of the PayPal betting sites we’ve recommended at the top of the page, and get yourself into the action today!

PayPal is widely considered one of the safest and most secure online payments systems on the planet.

It is accepted as a method of payment on millions of websites. Plus, despite an on-again-off-again history with online gambling sites, PayPal is now accepted at several online gambling sites in New Jersey.

PayPal is truly worldwide. It operates in more than 20 markets, in as many as 25 different currencies, and boasts up to 200 million active users. These users employ PayPal to send, receive, and hold funds.

PayPal users can send and receive payments for online auction sites, and buy and sell all kinds of goods and services all over the internet.

Now, thanks to a softening in its policy in regards to online gambling, and an agreement with a number of New Jersey online gambling sites, NJ gamblers can use PayPal to deposit funds to play with and withdraw winnings.

Which NJ gambling sites accept PayPal?

PayPal is now accepted as a method of deposit and withdrawal by seven different legal and regulated online gambling sites in New Jersey.

• Our Editor's choice for best NJ casinos
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NJ online gambling sites with PayPal include:

Which NJ online sportsbooks accept PayPal?

NJ sportsbook apps are a new breed in the online gambling market. However, they too have included PayPal as a deposit option. However, it is a work in progress for the majority.

• Our Editor's choice for best NJ sportsbooks
• Best Features
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• Deposit Methods

• 1
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  Just For Joining

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• $1,000

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The NJ online sportsbooks that have PayPal are:

Deposits and withdrawals on NJ gambling sites with PayPal

Gambling Sites Paypal Accepted Account

Making a deposit on an NJ gambling site with PayPal is a three-step process.

First, users must ensure the email address they use for the NJ online gambling site account or the NJ online sportsbook and PayPal are the same.

Second, the user must make sure there are available funds in their PayPal account.

PayPal accounts can be funded through a transfer from another PayPal account or direct bank transfer. PayPal also accepts credit and debit cards, but there is a 2.9 percent of the amount plus $0.30 per transaction fee. Plus, several NJ gambling sites claim they do not accept PayPal deposits from PayPal accounts funded by credit and debit cards.

NJ online casino or sportsbook players who successfully make a deposit using PayPal can also withdraw funds using the online payment processor.

Is PayPal safe and secure?

Gambling Sites Paypal Accepted Paypal

PayPal is licensed as a money transmitter subject to many of the same rules and regulations governing US banks. As a result, your money is as safe with PayPal as it is with any bank in the US.

PayPal also keeps all of its users personal and financial information safe using uses Secure Sockets Layer (SSL) encryption technology.

Gambling Sites Paypal Accepted Site

Additionally, PayPal offers Buyer Protection and Account Protection programs. These programs help solve disputes, prevent fraud, and provide an additional protection.

The truth is, PayPal is one of the most secure ways to fund an NJ gambling site or NJ online sportsbook account.

Are PayPal funded NJ gambling or sportsbook sites safe?

New Jersey online gambling sites and sportsbooks are licensed and regulated by an arm of the State Attorney General’s Office called the Division of Gaming Enforcement.

Additionally, each is either owned, operated, or associated with one of Atlantic City’s brick-and-mortar casinos.

The government oversight is there, and the casino industry has been a trusted one in New Jersey for more than 40 years. The sports betting industry is brand new, but is under intense scrutiny as the new kid on the block.

Of course, the government has regulations in place that guaranteethesafety of all player funds and the games and mechanisms are rigorously tested for fairness.

As a result, NJ online gambling and businesses and sportsbooks are totally aboveboard. PayPal just gives them an added layer of integrity.

History of PayPal and NJ online gambling sites

PayPal launched in 1998, and online gambling sites around the world soon became one of the online payment processors largest business partners.

Online auction site eBay struck a deal to buy PayPal in 2002. Soon after, the U.S. Attorney’s Office accused PayPal of processing payments for what it deemed were illegal gambling operations.

PayPal and eBay agreed to pay a $10 million fine to settle allegations they had aided illegal offshore online gambling sites. After that, the company instituted a strict no-gambling transaction policy.

This policy stayed in effect for almost seven years. However, by that time, governments around the world had started legalizing and regulating online gambling. In 2010, PayPal moved back into the online gambling market, acting as payment processors for licensed and regulated sites in Europe.

PayPal proved once again to be interested in working with online gambling sites, but only if they were licensed and regulated by local governments.

Caesars Interactive Entertainment’s NJ online gambling sites struck a deal to start accepting PayPal in 2015. Two sites operating under Golden Nugget Atlantic City’s internet gambling license jumped aboard in 2017.

There are now seven legal, regulated and reputable online gambling sites in New Jersey that accept PayPal. There are also five online sportsbooks that use PayPal as a banking option.

NJ online gambling and PayPal FAQ

Are there any fees for using PayPal?

NJ online gambling sites and sportsbooks do not charge users a fee to make a deposit using PayPal. PayPal has credit card fees, but most NJ online gambling sites will not accept PayPal deposits from accounts funded by credit card.

There are no fees for funding a PayPal account by electronic funds transfer or directly from a bank account.

Can you use PayPal to deposit without an account?

Players must create a PayPal account to use it as a deposit method. Plus, the email address must be the same one associated with the NJ gambling site or sportsbook app account.

Can you use someone else’s PayPal account?

A PayPal account used to deposit at an NJ gambling site or sportsbook must belong to the NJ gambling site account holder. It must also share the same email address.

Why don’t I see PayPal as a method for withdrawal?

PayPal will only appear as a withdrawal option once a deposit is made using PayPal.

How do I make a withdrawal from PayPal?

PayPal withdrawal options include the same methods used to deposit funds. Plus, users can request an electronic check and check by mail. PayPal users can also obtain a debit card that can be used at ATMs and where most credit cards are accepted.

What are the pros and cons of using PayPal?

PayPal offers instant deposits. Plus there are several ways to fund an account. Additionally, PayPal can be used for traditional purchases all over the internet.

There may be credit card deposit fees associated. Plus, the withdrawal process can sometimes be slower than other online payment processors.

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