Bettors all over the world are increasingly turning toward bookmakers that accept PayPal. This internationally recognised e-wallet offers fast withdrawals, an amazing reputation and top-tier security – but there is an unfortunate catch for bettors here in Canada.
At the time of writing, PayPal is increasingly distancing itself from betting sites in regions where online gambling is unregulated, meaning that most Canada-based casinos and bookmakers are not offering direct PayPal deposits and withdrawals. This means that PayPal sports betting Canada isn’t as commonplace as it once was – but it doesn’t mean there aren’t plenty of payment alternatives available.
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Making a payment with PayPal – set up PayPal for betting in five easy steps
Before you can start investigating the options for PayPal betting Canada, you’ll need to set up a PayPal account. PayPal’s hassle-free registration process looks something like this:
Step 1: Head over to PayPal’s official website, click “sign up” and follow the instructions on-screen.
Step 2: Enter your email address and some basic personal information. Be sure to select “Canadian” as your nationality and choose a strong, memorable password.
Step 3: Link your PayPal account to either a Canadian credit/debit card or your bank.
Step 4: You’ll receive a one-time verification code via email, which you’ll need to access and enter into PayPal’s website or app.
Step 5: Accept PayPal’s terms and conditions and get ready to start comparing bookmakers that accept PayPal to find your perfect online betting site.
PayPal betting sites pose a few complications here in Canada which we’ll explore later in this article, but that doesn’t mean there aren’t plenty of options available to eager bettors who want to use e-wallets. Our bookmaker comparison on this page runs through the top-ranking bookmakers currently on the Canadian market.
Average time of PayPal for deposits and payouts – are PayPal betting sites fast and reliable?
PayPal betting websites tend to offer bettors a number of fantastic benefits – one of which is lightning-fast withdrawal times. Regardless of your preferred operator, deposits are pretty much always instantaneous – but you will notice some significant differences in withdrawal times from bookmaker to bookmaker.
Most bookmakers that accept PayPal will process withdrawals within 24 hours or less, which is quite an improvement on the standard 3-5 business day waiting time most bettors have grown accustomed to when betting via credit or debit card.
The very best betting sites will process both bookmaker PayPal deposit requests and any withdrawals instantly – which in real terms means 1-2 hours. If you come across a PayPal betting site that claims it cannot process PayPal withdrawals within less than 48 hours, chances are you’d be better off using our bookmaker comparisons to look at their competitors and pin down another site with more reasonable terms around their bookmaker payment methods.
PayPal verification requirements – it’s easy to get ready for betting with PayPal
Unlike other popular e-wallets, verification is pretty straightforward with PayPal and actually takes place during the initial sign-up process. Once you’ve received your one-time verification code and entered it into PayPal’s site or smartphone app, you should be pretty much good to go. This means you can now start enjoying PayPal betting sites.
As a new user, PayPal will most likely make a small charge to your credit/debit card or the bank account you registered with during the sign-up process. This charge will be automatically reversed once you’ve entered your verification code, so it’s absolutely nothing to worry about.
Once you’re all set up and verified, it’s time to start browsing bookmakers and creating PayPal betting accounts with those that tickle your fancy – just be wary of the latest rules and regulations governing betting by PayPal here in Canada. These are quite strict compared to other regions, as we’ll explore in the next section.
The history of PayPal – from early beginnings to modern-day PayPal betting Canada
PayPal was originally founded way back in 1998. In those early days, the emerging e-payments giant quickly gained traction in the online shopping sector and was bought-out by eBay in 2002, the same year PayPal went public on the stock market.
But the California-based company’s successes were never confined solely to this industry. Following a series of tech company mergers and acquisitions in the late 2000s, PayPal accepted betting sites that began springing up globally. By 2010, there were more than 100 million PayPal users worldwide – and many of these users were eyeing up PayPal betting Canada and further afield.
PayPal and eBay parted ways in 2014 and the newly-independent e-wallet started ramping up its relationships with licensed and regulated online betting operators in the US, Europe and other regions around this same time.
Today, PayPal bookmakers are commonplace all over the world, but there’s an unfortunate catch for Canadian bettors following a complex legal challenge some years ago.
At the time of writing, PayPal only accepts transactions for real money betting in countries where online gambling is regulated – which does not include Canada. Meanwhile, the Canadian government only allows its citizens to bet via sports sites and online casinos that are based offshore. This means that if you’re using PayPal betting sites here in Canada, you won’t be able to make a direct bookmaker PayPal deposit or withdrawal.
PayPal to other providers compared – are PayPal betting sites worth it?
There are many reasons betting by PayPal has become the gold standard in countries like the US and UK and it’s a real shame that betting sites in Canada don’t allow direct PayPal deposits and withdrawals due to the regulation issue.
Firstly, PayPal deposits and withdrawals are super-fast when compared to traditional credit or debit card transactions processed via online betting sites. On top of this, PayPal’s reputation is pretty much second-to-none in the online e-wallet space, meaning you’ll always feel safe and secure when using a PayPal bookmaker. That said, safety isn’t by any means betting with PayPal exclusively. Encrypted Website Payments (EWP) and other security technologies normalised by PayPal have since become commonplace across most other e-wallets too – like Skrill and Neteller, for example.
PayPal’s biggest drawback is the simple fact that PayPal betting Canada doesn’t really sit well with the latest Canadian betting laws. Until we see new developments in this area, you might want to consider alternative payment options before signing up with a PayPal bookmaker.
Most popular payment methods – Alternatives to PayPal betting
If you had your sights set on PayPal sports betting Canada but are disheartened by the latest rules, don’t despair – because there are plenty of other options available. E-wallets like Skrill, Neteller and EcoPayz offer similar benefits with the added bonus of being fully in-line with Canadian betting laws.
We’d also recommend considering Bitcoin betting in Canada, which is rapidly gaining traction across the country and offers some excellent security perks.
Regardless of which payment method you choose, you can rest assured that all the bookmakers we recommend on our site are 100% trustworthy and legit. Whether we’re reviewing bookmakers that accept PayPal, Bitcoin or traditional credit cards, we subject each operator to a series of stringent tests and will only ever recommend sites that are properly licensed and regulated.
PayPal betting sites FAQ – everything you need to know
The situation regarding PayPal betting Canada is a little confusing and maybe not as clear-cut as betting with other types of e-wallet or payment method. As such, here are a few helpful FAQs that we hope will answer any other questions you may have about PayPal betting websites here in Canada:
Is betting via PayPal legal here in Canada?
Yes, using PayPal in order to place sports bets here in Canada is technically legal. However, PayPal’s own rules stipulate that it will only ever accept transactions for real money betting in countries where such activities are regulated – which does not, at the time of writing, include Canada. This means that most popular PayPal betting sites will sadly not offer PayPal as a direct deposit or withdrawal method for Canadians.
Can I use an offshore licensed PayPal betting site?
Yes, in theory, you can. However, we would usually advise our readers against doing so. Instead, we’d suggest considering Canadian betting sites that accept other e-wallets like Skrill or Neteller.
Why does an operator block my account?
It’s not uncommon for bookmakers that accept PayPal and other betting sites to block your account if they suspect you may have breached their terms and conditions. You’ll need to check with your operator directly to find out why your activity has been restricted, but the most common reasons usually include: suspicion of fraudulent activities, ID issues or failure to complete a verification procedure within a stated time limit. Always check your PayPal bookmakers T&Cs carefully to avoid breaching any of their rules accidentally.
Can I use PayPal on deposits and withdrawals?
No. With the current rules on PayPal betting Canada, most operators out there don’t offer PayPal as an option on direct deposits or withdrawals. However, if you choose to deposit with an alternative payment method, it’s worth noting that some operators require bettors to use the same method when requesting a withdrawal.
Can I get a PayPal bonus?
Many moons ago, PayPal betting sites would sometimes offer exclusive bonuses to customers who deposited using PayPal, but sadly, these days are no more. If you’re using another e-wallet, like Skrill or EcoPayz, be sure to check that your operator doesn’t exclude these from any bonuses before claiming.
Conclusion – our final verdict on bookmakers that accept PayPal
Using PayPal for betting is a great option in many parts of the world, offering super-fast withdrawal times, top-notch safety, and a reputation that’s hard to beat in the online e-wallet space.
That said, PayPal betting isn’t really feasible here in Canada for the time being, as PayPal’s strict rules regarding only accepting online gambling-based payments in regulated regions mean that Canadian PayPal accepted betting sites are few and far between. Fortunately, there are tons of great payment option alternatives available to bettors and many top e-wallets, like Neteller and Skrill, offer all the amazing benefits of PayPal betting Canada, and more.
Online sports betting with PayPal seems to be just as popular as betting with debit cards these days, but not all casinos and sportsbooks accept this trusted payment provider. Check out Wetten CA’s latest news, reviews and betting guides to discover the best betting sites on the Canadian market that allow bettors to make PayPal deposits and withdrawals.
❓How fast are PayPal withdrawals?
Whether you’re using credit cards, e-wallets or bank transfers to fuel your online betting activities, withdrawal times can vary drastically from operator to operator. PayPal has a good reputation for fast withdrawals when it comes to online betting, but you’ll need to compare the top casinos and bookmakers to see who’s fastest if you want to secure the best times.
🔒 Is PayPal safe?
PayPal has been around for quite some time now, but as with any e-wallet, some people still have understandable concerns about PayPal’s safety. Here at Wetten CA, we rate, rank and review the best betting sites and online betting payment options in Canada. Find out whether PayPal is 100% trustworthy once and for all with our latest expert reviews.
💰 Does PayPal charge fees for online betting deposits?
PayPal’s fees have always been a point of confusion for customers – and especially those who use PayPal for online betting or casino gaming. Often each betting site will have different terms regarding withdrawal times, fees and charges. This is why it’s important to use our casino comparisons to compare the market before choosing your ideal operator. Read our expert bookmaker reviews today.
🎰 Which PayPal casinos are best?
Whether you’re looking for fast withdrawal times, top-quality gaming software or streamlined mobile apps that can be used on iOS and Android, there’s a lot to consider when it comes to choosing your perfect online casino. Check out our latest comparison of the best bookmakers that accept PayPal and find your ideal online betting site today.