PayPal is one of the world’s most successful payment processors, which carries out more than $8,000 worth of transactions every single second. There are more than 200 million active PayPal users in the world, seven million of whom live in Canada.
Because this banking option is so popular among Canadians, we’ve decided to discuss the best PayPal betting sites in Canada. Check out our top picks below!
Best Canadian Betting Sites That Accept PayPal
|1||100% up to $200|
T&Cs apply. 18+. Betway review.
|2||100% up to $250|
T&Cs apply. 18+. 888sport review.
Is PayPal Betting Legal in Canada?
PayPal is legal in Canada and so is sports betting. What this means is that PayPal betting is perfectly legal in this country.
There is a caveat, however. Right now, several Canadian provinces are working on making online sports betting a regulated industry. However, until that happens, there are no operators with a local Canadian license.
In turn, this means that if a Canadian bettor gets in a dispute with an internet bookmaker, Canada will not be able to help them. This is the reason why we urge you to stick with trusted sportsbook operators, such as those you see in our list of top PayPal betting sites.
How to Bet Using PayPal?
One of the main reasons why Canadians love PayPal is that it’s really fast. Payments are processed instantly, which means that you can make deposits/withdrawals in no time.
Sure, some sportsbooks might decide to set a bit longer processing times as a security measure but you are not going to have to wait too long to get your money if PayPal is your method of choice.
Another reason why people love PayPal is that it’s really easy to use. This goes even for cases when you’re using PayPal for betting purposes.
We’re now going to show you how to fund your online sportsbook account using PayPal.
How to Deposit on Sportsbook Using PayPal in Canada?
Assuming that you already have a PayPal account with some money on it, the first thing you need to do is sign up to one of our recommended betting sites.
When done, it’s time to make your first deposit, following these simple steps:
- Step 1 – Click the button saying cashier, banking, or something along those lines
- Step 2 – Choose the option deposit
- Step 3 – Pick PayPal from the list of available deposit options
- Step 4 – Choose the amount you wish to deposit and type in your PayPal email
- Step 5 – the sportsbook will then take you to your PayPal account, where you need to confirm the payment
Voila, you’re done! After completing these steps, the money should arrive in your sportsbook account within moments.
How to Withdraw from Sportsbook Using PayPal in Canada?
To withdraw money to your PayPal account, you should follow pretty much the same steps as for deposits. Go to the cashier, choose PayPal as the method, and request a withdrawal.
Depending on the sportsbook, you might have to wait a bit until the money arrives. Still, the fact is that when withdrawal methods are concerned, PayPal is one of the fastest banking options.
What are the PayPal Fees?
PayPal will not charge you for any purchases or other types of commercial transactions. Sending money to your sportsbook falls into this category. However, PayPal does charge a fee when the money is going the other way around.
Furthermore, depending on which online sportsbook you’ve picked, you might need to pay them a processing fee. In most cases, fees are charged only on withdrawals, while deposits made via PayPal are free of charge.