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PayPal sports betting sites in Canada

How to use PayPal on betting sites

First introduced to Canada in 2006, PayPal is one of the most popular online payment services around. It is used by an estimated 425 million people worldwide, including 6.4 million people in Canada. This is largely because it is available to anyone capable of transferring money electronically and can be used on both desktop and mobile.

With the wider regulation of online gambling in Canada in 2023, you can now make deposits and withdrawals using PayPal at a range of sports betting sites. Unsurprisingly, large numbers of sports bettors who are already familiar with how PayPal works are doing exactly that.

Pros

✅ Reliable security: For over 20 years, PayPal has employed various security measures and regulations in line with those used by banks and financial institutions, including two-factor authentication. This gives you extra reassurance that your money is safe.

✅ Quick processing times: Deposits and withdrawals made using PayPal are processed very quickly, sometimes even immediately. It’s very rare that you’ll be waiting around for your funds to be either sent to, or received from, your betting account.

✅ Detailed transaction history: PayPal keeps a detailed log of every deposit and withdrawal that you make. As a result, if there is ever an issue with a transaction you have made with a sportsbook, you can helpfully refer to this information as and when you need.

✅ High deposit limits: PayPal processes billions of payments every year, so they’re more than capable of moving large sums of money around. With that in mind, most sportsbooks that offer PayPal do so with large deposit limits.

✅ Good mobile app: PayPal has an easy-to-use mobile app, so you can refer to all of your transactions made using it while on the go.

Cons

❌ Not available everywhere: PayPal is a highly regulated payment method when it comes to online gambling. This means that not every sportsbook open to Canadian bettors offers it, though it’s possible that more will add support for it in the years to come.

❌ Tricky to keep gambling separate: For various reasons, some bettors prefer to keep their gambling activity separate from other types of spending. If you use PayPal for transactions with various online services other than sports betting, it can be difficult to do that.

Using PayPal on mobile

Using PayPal on mobile is a simple process, and while it can be done via the mobile version of their site, it’s easiest to use on the dedicated PayPal app, which is free to download for both iOS and Android. Here’s how to set up the PayPal app on mobile:

  1. Download the PayPal app from your mobile device’s app store

  2. Open the app and sign into your existing account, or follow the steps to create an account if you don’t have one already

  3. Follow the steps to connect your bank account, credit card, or debit card to your PayPal account

  4. Complete any verification checks that are required

Depositing to BetMGM on mobile with PayPal

You can then use PayPal to deposit or withdraw at sportsbooks on mobile. As an example, here is how to deposit to your BetMGM account with PayPal on mobile:

  1. Visit the deposit page on BetMGM

  2. Select PayPal among the list of deposit options

  3. Enter your PayPal account details

  4. Enter the amount you want to deposit

  5. Select the Deposit button underneath

  6. Complete any verification checks that are required

  7. Enjoy betting with your newly deposited funds!

Why should you use PayPal for betting?

You probably already know the advantages of using PayPal – it’s easy, quick, and highly secure, and therefore well-suited to sports betting. Even if you haven’t used it before, setting up and transferring money from your account is straightforward, and their platform helps you every step of the way.

From a betting point of view, the fast processing times, high deposit limits, and mobile optimization are instantly appealing. If your sportsbook of choice accepts it, PayPal is an undoubtedly reliable method for depositing and withdrawing funds into your betting account.

PayPal FAQs

Is PayPal free to use?
Do sportsbooks charge any fees for using PayPal?
Can PayPal be used to claim signup deposit bonuses?

All of the payment method guides at BET.CA are written by our in-house team, who have over 40 years’ experience in the sports betting and gaming industries. This means that we understand the wants and needs of bettors, as well as what is important to them, and can therefore help you to find the best payment method to keep your betting experience as easy and enjoyable as possible.

BET.CA staff
BET.CA staff