Before diving deeper, it’s important to note that PayPal is available in 200+ countries and supports 20+ currencies. Yes, that’s how popular PayPal has become among online traders, sportsbooks, online casinos, and so on. In addition to its wide acceptance, making PayPal deposits is pretty quick and straightforward, as you’ll see below.
Start by finding a sportsbook that accepts deposits via PayPal. There are hundreds or even thousands of those online. Then, proceed to create a personal account on PayPal.com before depositing funds.
Bettors can do this via another verified PayPal account or a linked bank account. Now head to the bookie and choose PayPal under the “Deposit” page to move funds. It’s that easy! Like most online money transfer options, PayPal lets its customers transact on mobile via the PayPal app. The application is available to download on Play Store for Android and App Store for iPhone.
Alternatively, mobile phone bettors can transact on PayPal using the instant access version on the web browsers. Just enter the PayPal address, log into the account, and make deposits.
PayPal fees and limits
Opening a PayPal account is absolutely free, as users don’t have to pay a dime to enjoy the services. PayPal also doesn’t charge any monthly fees or ask for a minimum balance. And to make it even better, the company doesn’t charge anything to transfer money from a linked bank account to PayPal.
As you may know already, this online banking giant limits unverified accounts to only $500 monthly transactions. But after verifying identity, users can send a maximum of $60,000 on a single transaction.
Verifying identities is a common practice among most e-wallet. This eliminates any security risks, giving users higher deposit/withdrawal limits. At PayPal, one only needs to link their bank account and provide proof of address to get it done.Note: Some bookies don’t offer bonuses on PayPal deposits. So, read through the terms and conditions page to find one that does.