Looking for a simple, secure and speedy way to pay at the Canada’s top online sportsbooks? PayPal checks all three boxes. We’ve put together a line up of our top-rated PayPal-friendly betting sites and 888sport took the top spot, with an 84% score.
Here is a list of top licensed sportsbooks that accept PayPal deposits and withdrawals:
- Bet Regal
- 888 Sport
- William Hill
- Spin Sport
- Leo Vegas
Pros & Cons
Is PayPal your ideal way to pay at the sportsbook?
PayPal needs little introduction. It’s the obvious choice for many sports bettors, but is it the perfect payment method for you? We’ve pulled together the pros and cons of using PayPal at betting sites to help you decide.
A closer look at PayPal
Chances are you’ve used PayPal, or at the very least, heard of it. The e-wallet rose to prominence as a result of its popularity with eBay users and is now a household name.
As of 2019, PayPal operates in more than 200 countries, supports 25 currencies and has over 200 million active, registered users around the globe. All things considered, it’s safe to say PayPal is one of the most reputable payment method providers available online today. It’s for this reason that PayPal is a popular payment method at many of the best online betting sites.
|Company Name||PayPal Holdings Inc.|
|Customer Service||1 (402) 935-2050|
|# PayPal Betting Site||10|
|Currencies Supported||AUD, BRL, CAD, CHF, CZK, EUR, GBP, HKD, HUF, JPY, kr., MXN, NOK, NZD, PLN, RUB, SEK, SGD, THB, TRY, USD|
Deposits & Withdrawals
Making Deposits & Requesting Withdrawals with PayPal
Making a PayPal deposit
The process for making a deposit via PayPal is pretty simple. Once your chosen betting site has verified your identity, you’ll be able to make a payment instantly, within just a few steps. Of course, before you get started, you’ll need to register with PayPal. So if you haven’t already, you’ll be able to create a personal account in just a few minutes – all you need to share is your name, address, phone number and email address. That’s it – as far as deposit methods go, it’s certainly not complicated.
How to deposit at PayPal betting sites
You can either connect your bank account, deposit funds into your PayPal wallet, or link your debit card to the e-wallet. Whenever you make a purchase, you’ll be able to choose your source of funds.
Visit your chosen sportsbook’s cashier page and log in to your betting account. You’ll be able to select PayPal as your preferred payment option and enter your desired deposit amount.
You’ll be redirected to a PayPal login page. Simply enter your PayPal login details to authorize your payment. Your funds will be available instantly.
Once the transaction is complete, you’ll be returned to your betting site, where you’ll be able to place bets with your newly deposited funds.
With instant PayPal deposits available at just about every sportsbook, you’re probably wondering why PayPal withdrawals aren’t instant too. Simply put – it’s because the two processes aren’t the same. Let’s take a look at how PayPal withdrawals work at online betting sites.
Withdrawing with PayPal at an online betting site
The exact processing for making a PayPal withdrawal can vary between betting sites, but it will look something like this:
Use your username and password to log in
Click the cashier button
Select the ‘withdraw’ option
Type in your withdrawal amount
Choose PayPal as your banking option
Submit your withdrawal request
The best PayPal betting sites offer instant withdrawals, so you can often see the funds in your account in a matter of hours.
Top PayPal Betting Sites
Top 10 PayPal Betting Sites
- 888sport – Best Odds
- William Hill – Best for Ice Hockey
- 10bet – Best Regular Promotions
- Bet Regal – Best New Bookmaker
- Spin Sport – Best Mobile App
- 22bet – Best for Football Markets
- LeoVegas – Best for Customer Support
- Mansionbet – Best Free Bet Offer
- Bethard – Best for In-Play Betting
- Betway – Best for Live Streaming
Make a PayPal deposit and claim your bonus today
All of the best PayPal betting sites offer a variety of bonuses and promotions. While a welcome bonus is the offer of choice when it comes to attracting new customers, Canada’s top betting sites also boast an array of promotions for returning customers, ranging from free bets offers, enhanced odds and money back if your first bet loses. These kinds of promotions are often used to promote a big sporting event, such as the start of the NHL season, or high-profile boxing bouts, for example.
At most Canadian betting sites, you simply need to sign up and make a qualifying first deposit to claim the welcome offer, but some require a promo code. You can count on our sportsbook reviews to point you in the right direction when it comes to claiming your offer.
Specials and Promotions
Want to deposit at a sports betting site in Canada using PayPal? We’ve ranked our favourite PayPal-friendly betting sites, starting with our top pick, 888 Sport.
Reviewed & verified by our team
Why we recommend 888 Sport for PayPal Betting
Our alternative picks
While 888 Sport is an excellent online sportsbook, it is far from the only available option. Bet Regal is another PayPal-friendly option and it features an online sportsbook and casino with numerous live betting options. You could also try William Hill, one of the world’s oldest sports betting companies with an online site offering markets that range from ice hockey to hurling and everything in between!
Bonus terms and conditions
It’s important to read the bonus small print before you sign up to claim your reward, as terms and conditions apply to every deal. Most offers require a minimum deposit, while others set minimum odds and market restrictions. There are also usually caps on how much you can win, and some bonus winnings are subject to wagering requirements. Bonus terms and conditions are always clearly outlined at Compare.bet Canada.
If you’re interested in playing online casino as well as betting, make sure you choose the right sign-up offer. At gambling sites with a shared wallet (i.e. you can play all their products under a single account), you may not be eligible for a new customer casino bonus if you already claimed a new customer free bet. With casino bonuses often being larger, it’s one worth considering before you deposit.
Bet on the go with a mobile PayPal betting site
Convenience is part of what makes PayPal so appealing, and the ability to pay and bet on your mobile only adds to this convenience. In Q4 of 2018, mobile payments represented a staggering 41% of PayPal’s total payment volume, which goes to show that it’s a firm favourite for consumers.
Pretty much every PayPal sports betting site has a mobile-friendly website, which makes it easy to bet on sports with this popular e-wallet whenever and wherever. However, the very best PayPal sportsbooks go one step further with mobile betting apps. These apps make for an even better betting experience. With a mobile betting app, you can navigate from your home screen to your wager slip in just a couple of taps. Take advantage of push notifications to stay in the loop on the latest promotions and odds offers.
Download the PayPal mobile app to keep on top of your finances, even when you’re on the go. PayPal’s key pinning security feature keeps your app safe and secure.
Try one of 2021’s new PayPal-friendly sportsbooks
PayPal is already a widely accepted payment method at the Canada’s top online betting sites, but what about the newest bookies on the market? While brand new betting sites may have to earn their reputation before they can accept PayPal, you can bet with PayPal at many new betting sites.
Try these alternatives to PayPal
All clued-up on PayPal, but not sure it’s the right payment option for you? There are plenty of alternatives at the top online betting sites. We’ve put together a list of banking options that are widely available at online sportsbooks in Canada.
Interac e-Transfer allows you to send money directly and securely from your bank account. No cash, no cheques – it’s safe, easy and fast.
All you need to start using InstaDebit is a bank account at any financial institution in Canada. You can get signed up and send money to your favourite sportsbook instantly.
Skrill lets you make fast and discreet online payments, without disclosing your financial information. You’ll also have access to a Skrill prepaid Mastercard.
Neteller is a firm favourite among businesses and consumers alike. This e-wallet offers instant online payments, and all you need is your Neteller login information.
You can use a Paysafecard prepaid card to pay online by simply entering your 16-digit Paysafecard PIN. No personal details or bank card information required. Most sportsbooks don’t permit withdrawals via Paysafecard.
Priding itself on quick, secure and simple payments, ecoPayz makes it easy to deposit at betting sites. Simply log in to your ecoPayz account to verify your transaction.
Some betting bonuses have payment method exclusions, which means you won’t always be eligible to claim the bonus when you deposit with these deposit options.
How to stay safe when betting with PayPal
PayPal is one of the most secure online payment providers out there. Incorporating the security protocols into its everyday operations, PayPal works hard to protect its customers. It monitors every transaction, 24/7 to minimize the risk of fraud and has procedures in place to act fast if it does suspect a fraudulent payment.
While PayPal works hard to keep its users safe, there are a few steps you can take to ensure your safety when betting with PayPal:
Only bet at secure sites
PayPal is pretty selective in terms of which sites can offer its services, but you should still double-check the safety of the site you’re betting at. Look for the small padlock and ‘https’ in the URL bar (the ‘s’ stands for secure). You should also stick to licensed betting sites- the only kind of online sportsbook you’ll find here at Compare.bet Canada.
Two-factor authentication, or 2FA, adds another layer of security to your account. PayPal has its own 2FA process, the PayPal Security Key. When you activate this, you’ll need to enter a unique one-time code that’s sent by text each time you log in. You can also protect your PayPal account with security questions, just to make it extra secure.
Beware of phishing emails
Keep an eye out for any emails that claim to be from PayPal and ask you to disclose details about your account. PayPal says that it will never ask for sensitive information, so you should never do this. Likewise, you should never click on links or download attachments in these kinds of emails. Received a suspicious email? Contact the PayPal customer support team, and delete the email from your inbox.
Extra security tips
- Don’t make transactions on a public or shared device- especially if you’re using PayPal’s One Touch feature.
- Choose a unique password that includes a combination of upper and lowercase letters, numbers and special characters.
- Contact PayPal and your bank as soon as possible if you suspect that your account security may be at risk.
Canada’s Best Sports Betting Sites with PayPal Accepted:
|Betting Site||PayPal Deposit?||PayPal Withdrawal?||Our Score||Licence|
|—||—||82%||Regulated in Canada|
|—||—||84%||Regulated in Canada|
|—||—||TBC||Regulated in Canada|
|—||—||83%||Regulated in Canada|
|—||—||TBC||Regulated in Canada|
|—||—||TBC||Regulated in Canada|
|—||—||87%||Regulated in Canada|
|—||—||TBC||Regulated in Canada|
|—||—||TBC||Regulated in Canada|
|Yes||Yes||TBC||Regulated in Canada|
Your Questions Answered
Are there any fees for betting with PayPal?
No. PayPal doesn’t charge its customers more for deposits at online betting sites, provided the payment is funded by your PayPal balance, bank account or debit card, and as long as there is no currency conversion involved.
Do I need to verify my PayPal account before I can make deposits?
Yes. While you can still bet with PayPal before you’ve verified your account, there will be limits on how much you can send, receive and withdraw. This might affect how you fund your account, or withdraw any winnings. It’s always best to verify your account as soon as possible to use it without restrictions.
How long does it take to withdraw my winnings from PayPal to my bank account?
Yes. If you want to wager at several PayPal sports betting sites, then you can use a single PayPal account across each. This is a simple and efficient way of managing your bankroll across multiple gambling sites.
I’m depositing via PayPal, can I withdraw via wire transfer?
No. Most Canadian betting sites stipulate that bettors must use the same deposit method and withdrawal option. This means that if you make a $50 PayPal deposit, you have to withdraw at least $50 of winnings via PayPal. If you get lucky and win more than you deposit, you’re often given a range of withdrawal options to choose from.
Do online casinos sites accept PayPal?
Do PayPal bookmakers accept other payment methods?
While there’s no such thing as a PayPal bookmaker, per se, there are a number of betting sites that offer support for PayPal payments. Almost all of these sites accept a range of e-wallets and prepaid options, as well as iDebit and Interac. The sites in our list cater to a wide range of deposit methods, so you’re sure to find something that suits you.
How long does it take to withdraw money from my PayPal to my bank account?
Withdrawals are usually processed within a couple of hours, which is a big plus. However, this may take longer depending on your bank or if your transaction is subject to a random security review, which could take up to 72 hours.