PayPal betting in Ontario is now a reality, and we’re here to tell you all about it. That’s good news for anyone who likes making speedy deposits and withdrawals for their sports bets.
Our guide has handpicked a couple of online sportsbooks that give you the perfect examples of why PayPal is a great option for funding your sports bets. After all, this e-wallet is secure, fast, and seriously simple to use—perfect for ensuring that you get to focus on the actual enjoyment of betting on sports.
PayPal is a digital payment platform that lets you carry out a variety of financial transactions online. As of mid-2023, there were over 430 million PayPal accounts across the world, and the e-wallet is available in Ontario.
You can create a PayPal account and then link it to a bank checking account or a credit card, and from here, you’ll be able to purchase goods and services online.
This extends to using PayPal on online sportsbooks where you will be able to use the e-wallet to fund your sports bets and then withdraw whatever you win. Here are just a few of the key reasons as to why PayPal is such a good fit for online sports betting:
PayPal offers you the highest levels of security in terms of how you make online transactions. It features advanced data encryption and there are protection protocols in place to prevent any fraudulent activities from taking place.
PayPal offers some of the fastest processing times of any betting payment method. You’ll find that most PayPal deposits go through instantly, so you don’t have to wait too long to put your bets down. Plus, most PayPal withdrawals will be carried out between 24 and 48 hours which is far superior to that of cards and bank transfers. So if you’re the kind of bettor who hates having to wait too long, then give PayPal a try.
We love the fact you can make PayPal deposits and withdrawals on most sportsbooks from just a few dollars at a time. This definitely isn’t the case with some bank transfers and wire transfers. Plus, you’ll be able to make fairly large transactions with PayPal should you need to.
We should note that there’s something nice about not having to disclose too much in the way of sensitive financial information like your card number to a sportsbook to make your payments. Instead, you can just enter your PayPal address, type in your password, and then the transaction will instantly be made.
PayPal offers you a simple way of keeping your funds for betting separate from your regular money which is great for ensuring that you always play within your means.
PayPal is easily one of the most convenient payment methods that you can use for online sportsbooks. Here are the steps you’ll usually need to take to make a PayPal deposit:
Once this is done, you should see that the transaction has instantly been carried out and you can now enjoy betting on sports without delay.
The good news is that it’s just as easy to make a PayPal withdrawal from an online sportsbook as it is to make a deposit. Here is how you do it:
After this has been done, there will usually be a period of a few hours while the sportsbook authorises your payout request. From here, it will just take a little longer for your withdrawal to come through and you should see the transaction reflected in your PayPal balance.
Most PayPal payments with online sportsbooks should be efficiently handled without any issues. But if you encounter any kind of problem with your deposits or withdrawals, you can usually do the following:
While PayPal is a hugely popular payment method, it’s taken some time to become featured on online sportsbooks in Ontario. Thankfully, there are now a number of betting platforms that’ll be more than happy to take your PayPal payments. Here are just a couple to get you started.
| Sportsbook | Accepted payment methods | PayPal deposit times | PayPal deposit limits | PayPal withdrawal times | PayPal withdrawal limits |
|---|---|---|---|---|---|
| PointsBet | PayPal, Visa, Mastercard, Interac | Instant | $5 to $50,000 | One to three business days | $5 to no limit |
| Caesars | PayPal, Visa, Mastercard, Interac, Trustly | Instant | Upwards of $10 | Usually on the same day they are approved | From $10 |
The above table shows you that there isn’t too much difference in how these two premier sportsbooks handle your PayPal payments. This means that you’ll have to do some research to see which online sportsbook suits your betting needs best. So here are some mini-reviews of the sportsbooks so you can get to know them a little better.
PayPal is just one of the payment methods accepted at PointsBet and it offers you a great way to fund your sports bets instantly. What’s best is that PointsBet lets you make PayPal deposits from just $5 at a time, meaning you don’t have to spend too much to enjoy some quality betting entertainment. The same is true for payout so you can easily withdraw even the tiniest wins, and the PayPal withdrawal processing times are some of the fastest around.
Elsewhere, you’ll find that PointsBet is a sportsbook just as good as any other you’ll find in Ontario. This means you can sign up here and get nothing but great odds for anything from that massive NHL showdown to any game in the NBA, CFL, and so on. There are also some great same-game parlays and boosted odds here, and the cash-out feature makes live betting a whole lot more fun.
We should also mention the fact that PointsBet is fully licensed by iGaming Ontario. Plus with great customer support on live chat, email, and phone, you’ll have all of the help you need to make your PayPal deposits and withdrawals efficiently.
We’re not saying that bigger is always better, but Caesars is a massive online sportsbook who’s just come to Ontario, and the best thing is that the brand accepts PayPal payments. This means that you can simply sign up for Caesars, make an instant PayPal deposit and then enjoy the brand’s famously competitive odds. Plus, with the chance to get same-day withdrawals, you won’t have to wait too long to get your hands on your well-deserved winnings.
Everything else about Caesars is impressive. You’ll enjoy a huge range of odds and lines on all major and minor sports, and the brand isn’t afraid to put on lots of boosts to give you more for your winning bets. The best part is the Caesars Rewards program which could give you a bunch of benefits like sports tickets, getaways, and dining experiences for all of the betting you’ve been doing.
Obviously, Caesars is licensed by iGaming Ontario, otherwise, we wouldn’t be recommending it, plus with 24/7 customer support always available, you’ll get plenty of help in making the most of this awesome online sportsbook.
To be honest, there aren’t too many disadvantages of using PayPal for your sports bets. However, it’s worth keeping the following things in mind:
PayPal is clear in its terms that you are only allowed one personal PayPal account. This means that the first account registered to you will be the only one you can use for sports betting.
You’ll have to have a bank account to fund your PayPal balance. So if you don’t have a bank account, you will need to use an alternative payment method for sports betting such as a prepaid card.
If you make a PayPal deposit, you’ll only be able to make a withdrawal back to that PayPal account. To be honest, this is the standard approach for most other payment methods that are featured in online sportsbooks, and it shouldn’t stop you from using PayPal.
Just bear in mind that you might find slightly lower limits for deposits and withdrawals when using PayPal on an online sportsbook compared to some cards and bank transfers. Still, these limits shouldn’t prove to be too much of a problem for most casual betting fans.
This guide has revealed there are plenty of excellent betting sites that accept PayPal in Canada. Online sportsbooks such as PointsBet and Caesars not only let you make PayPal deposits to fund your sports bets, but sites like these offer seriously fast payouts too.
Of course, we have to remember that PayPal is a relatively new addition among sportsbooks in Ontario and we can expect plenty more operators to add this e-wallet to their accepted payment methods in the future. So watch this space to see which betting sites with PayPal you should be using.
Yes, and we can show you those betting sites that accept PayPal in Canada with a specific focus on Ontario. Perfect for enjoying one of the fastest sports betting payment methods currently available.
Our guide to PayPal betting in Ontario will show you that there are plenty of sites ranging from PointsBet to Caesars that are all legal in the province. These sportsbooks are licensed and regulated by iGaming Ontario which is a legal requirement for them to offer you a legit sports betting experience. Perfect for getting a great way of enjoying single game betting in Ontario.
We found that of all of the betting sites that accept PayPal in Canada, Caesars and PointsBet emerged ahead of their rivals. So read our guide to see why these brands are so good for PayPal betting online.
We think that both Caesars and PointsBet have created apps that will help you make the most of PayPal betting in Ontario. Good news for anyone who wants to bet on sports from their smartphone or tablet.
We found that you will need to be at least 19 years old to use anything from Interac betting sites in Ontario to betting sites that accept PayPal in Canada. Plus we should note that you will actually have to be playing from somewhere within the province, and all of these details will be checked via the signing up process and the app will contain geolocation software too. If you meet these requirements, there’s nothing stopping you from enjoying an entire world of sports bets.?
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