Best PayPal Betting Sites in Canada

Everyone uses different deposit methods, and certain preferences reign supreme. For some bettors, nothing can beat PayPal betting sites.

In this deep-dive guide, we’ll break down everything you need to know about sports betting sites that use PayPal. We’ll discuss the top Canadian betting sites that have this deposit option and explore what makes it stand out.

There are many gamblers who love betting with PayPal, so it is important that they find the right operators that have this available as an option. PayPal gambling sites are sportsbooks that enable deposits or withdraws through the payment platform PayPal.

PayPal is the massive financial technology company founded in 2000 by legends like Peter Thiel and Elon Musk. It allows users to make rapid deposits across and within borders through online money transfers, making rapid online payments easy and fast. PayPal does not require a bank account to be used.

Because of this payment method’s popularity, there are many top-tier betting sites that accept PayPal.

While there are several PayPal betting sites that are available, there are also a lot of sportsbooks that won’t accept this deposit method. Below, we’ve assembled a look at some top sportsbooks and will provide info on whether they are one of the gambling sites that accept PayPal.

As we’ve established, there are only a few websites that allow for betting with PayPal. This is a more niche option compared to things like crypto betting. However, there are still some great options. Below, we’ll look at the four top PayPal betting sites on the market.

FanDuel

FanDuel is one of the Ontario sports betting sites that exclusively operates within the province. So, bettors outside of Ontario will not get to enjoy this operator. FanDuel is a world-class operator that has become one of the biggest gambling sites on the planet. They are one of the sportsbooks that accept betting with PayPal, along with a range of other payment options.

FanDuel has high-end features that will appeal to gamblers of all backgrounds. They have top-notch mobile gambling options, live streaming features, and plenty of great markets for bettors. There is no questioning their status as one of the biggest and best betting sites around.

Learn more about FanDuel:

• Where Is FanDuel Legal in Canada
• FanDuel vs Bet365

BetMGM

BetMGM arrived in Ontario from the United States and quickly became a fan favourite. Bettors love that this is one of the betting sites that accepts PayPal. They have a quick and easy deposit process using PayPal. Gamblers simply input their PayPal info and choose how much they want to deposit, and the money arrives lightning fast.

BetMGM has plenty to offer bettors, aside from just PayPal gambling. They have one of the best betting apps on the market, a massive parlay builder feature, live streaming offerings, and so much more. It is no wonder that BetMGM has managed to carve out a major share of the Canadian market.

Discover more about BetMGM:

• Where Is BetMGM Legal in Canada

Bet365

Bet365 has reached a top-tier status as one of the biggest sports betting sites in the world. They have a flexible, easy-to-use betting site with plenty of deposit options. The fact that they are one of the few PayPal betting sites only adds to their appeal. They make the PayPal betting process very straightforward and fast, so gamblers can get in on the action.

Bet365 stands out for many additional reasons. This is a betting site with a top-notch user experience, including a fantastic website design. They have a world-class mobile app that users adore, as well as plenty of betting offers to keep gamblers engaged.

Find more information on Bet365:

• Where is Bet365 Legal in Canada
• Bet365 vs Betway
• Bet365 vs Pinnacle
• Bet365 Withdrawal Times

BetRivers

BetRivers is a sportsbook that has arrived in Ontario with much fanfare, although it doesn’t serve the rest of the Canadian market. Still, bettors have managed to find a lot to love with this high-tech sportsbook, particularly that it enables gamblers to use PayPal when betting. It has a great deposit process for PayPal bettors, with an easy and fast user experience.

BetRivers also has a great reputation outside of the banking aspects. They have excellent coverage of sports, ranging from Super Bowl betting to niche gambling options. Their website looks great and functions super well, and they have an excellent suite of features. It stands out as a betting site to watch.

Read more about BetRivers:

• Where Is BetRivers Legal in Canada
• BetRivers 'Prop Packs' Explained

Bettors have several options to pick from when it comes to PayPal gambling, so they can afford to be a little selective. Determining what makes a PayPal operator worth your time can be tricky, but there are several factors that should be considered when making this decision.

Below, we’ll look at some of the key aspects to look at before wagering with a PayPal sportsbook.

Reputation:

It is hugely important that you use a sportsbook with a good user reputation. What other bettors have to say about an operator should have a major bearing on whether or not you use a betting site, as reputation coincides with safety.

Licensing:

The license a sportsbook has makes a big impact on its safety. There are some sportsbooks that don’t have licenses, and these should never be used. Seek out a betting site with a license from iGaming or another Canadian regulator.

Odds:

The more competitive the odds, the better the payouts for gamblers. Each betting site has different odds, so there can be differentials that lead to more steep payouts on specific markets.

Fees:

Some websites will have charged fees restricting the ability of users to wager on certain payment methods. Before registering for a PayPal sportsbook, make sure they don’t charge fees.

Cybersecurity:

Cybersecurity is how bettors stay safe on betting sites. Always read up on operators' safety levels.

Limits:

Every payment method has different minimum and maximum transaction amounts. Checking these limits to ensure they align with your expectations is important.

Bettors who want to deposit and withdraw using PayPal will have to go through several processes before their PayPal money can reach their account. It should be a relatively straightforward process that doesn’t take more than five minutes of your time.

At BettingTop10, we are here to help you navigate the gambling process, so we will give you the breakdown of everything you need to do to deposit and withdraw using PayPal.

Below, we will provide a quick breakdown of the deposit process with FanDuel used as an example, although bettors can also use any of the other PayPal sports betting sites we discussed.

Step One:

Create an Account. This will require inputting information like your address, cell phone number, email address, password, and account name.

Step Two:

Once your account is created, you will have to click on the Add Funds tab.

Step Three:

You will then see all the deposit options available. Select PayPal as your deposit method of choice.

Step Four:

Select how much you want to deposit. This will take you to PayPal, where you will then choose whether to pay from a bank account or your PayPal balance. Following this, you should be good to begin wagering with your PayPal proceeds!

We've given you the primary rundown on PayPal, including what it is, how it works, and why gamblers might want to use this payment method. As you can likely see, there's a lot to love about PayPal and a lot that sets it apart as a premium option for bettors.

However, PayPal is far from the only payment option that is available online. Most sports betting sites will accept a host of other payment options for gamblers to use. Below, we’ll explore some of the alternative payment options that are popular on betting sites.

Credit/Debit Cards:

Just about every online betting site allows credit/debit card payments. These tend to be fast on deposit and have high maximum payment amounts but slower on withdrawals.

Interac:

Interac is similar to PayPal, except it requires a bank account. It is a quick, efficient form of online money transfer, although withdrawal speeds might be slower than PayPal.

Bank Transfers and Wire Transfers:

Bank transfers and wire transfers are a classic form of payment that most sportsbooks provide. These are deposits and withdrawals that tend to take longer than online alternatives, but they have very high maximum deposit amounts.

Cryptocurrencies:

Cryptocurrency transactions are available in many sportsbooks. Crypto options like Bitcoin and Ethereum are highly popular and have rapid transaction times, which helps set them apart.

E-Wallets:

E-Wallets are a form of online money storage. They don’t require bank accounts and are accepted on most sports betting sites around. 

There are a lot of positives to using PayPal as your primary payment method. For example, it tends to have fast transaction times, doesn't require gamblers to have a bank account, and is easy to use and efficient. Creating a PayPal account takes a matter of minutes, and depositing with it shouldn't take much longer.

There are some associated downsides, as well. As we've mentioned, many premier Canadian sportsbooks don't accept PayPal as a transaction option, so your choices for betting sites may be limited.

However, overall, there is a lot to like about using PayPal as your main source of deposits and withdrawals. It is easy, fast, and straightforward, and the betting sites that accept this payment method are some of the best in Canada.

Below, we’ve compiled answers to some of the most frequently asked questions about PayPal betting in Canada.