PayPal Online Sportsbooks

Paypal SportsbooksAs one of the biggest payment services in the US, PayPal has started to offer their service for online sportsbooks, starting in 2021. There are some online books that accept deposits through PayPal directly, while others use the method as a P2P process. Either way, bettors across the US can use funds in their PayPal online sportsbook account to bet on all different sports around the world. PayPal can also be used to request payouts, and accept sports betting bonuses.

Online Sportsbooks That Accept PayPal In The US

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Bovada Sportsbook

Great Bonuses With PayPal

Bovada Sports Betting

When depositing with PayPal, Bovada members will go through the MatchPay service for a P2P transaction. When selecting the MatchPay deposit option, bettors will have a choice to select a bonus to be added to the deposit when it processes. The best bonus that Bovada offers for PayPal transactions in the welcome bonus that is a $250 bonus for all new players. This PayPal sports betting bonus can help bettors put more skin in the game, or just helped keep their bankroll funded and ready for any new exciting wager types.

Creating A MatchPay Account Steps For Bovada

  1. Create Bovada sportsbook account
  2. Log in, and go to deposit page
  3. Click MatchPay option
  4. Select “Join Now”
  5. Fill out basic personal information
  6. Verify With phone number
  7. Verify with email that was also used for Bovada account

How To Make PayPal Online Sportsbook Deposits And Withdrawals?

Depositing and withdrawing with PayPal is basically the same process with Bovada. For sports betting deposits, a bettor will access the MatchPay marketplace and look for somebody that is wanting to withdrawal as much money as they want to deposit. The player looking to deposit into Bovada will send money through PayPal to the player wanting to get paid out, and then Bovada will go ahead and transfer the funds from the two sports betting accounts. Depositing and withdrawing through PayPal on MatchPay is basically just buying somebody else’s Bovada bankroll, and paying them directly.

PayPal Deposit And Withdrawal Limits At Bovada

Type Minimum Maximum Processing Time Fees
Deposit $20 $1,000 15 Min No Fees
Withdrawal $20 $1,000 15 Min No Fees

Note: There is a 15-minute processing times for funds to be transferred after the PayPal transaction has been received and processed.

Online Sports Betting Bonuses With PayPal

When accepting most bonuses from online sportsbooks, there are rollover requirements that must be met before any winnings can be paid out. Bovada’s $250 welcome bonus can be redeemed through a PayPal deposit, and the bonus funds will hit the bankroll after the transfer is complete through MatchPay. These sports betting bonuses has a 5x sports betting rollover and is good for any offered sports odds and betting lines found on Bovada.

Benefits Of Betting With PayPal

  • 15-minutes to process
  • No deposit fees
  • No withdrawal fees
  • Trusted and secure platform
  • Most people already have PayPal account
  • Deposits and withdrawals up to $1,000

Disadvantages Of Using PayPal With Online Sportsbooks

  • P2P transfers are not overseen by Bovada
  • Payouts require a MatchPay agreement with another Bovada player

Can I Trust MatchPay For PayPal Deposits?

The MatchPay service itself is a trusted method for funding and requesting payouts from an online sportsbook. While Bovada does everything they can to ensure a safe betting experience with PayPal, they have no way of regulating the actual PayPal transfers between players. However, Bovada is not going to transfer the funds in the bankroll until the PayPal transfer has been received and there are no issues between players.

Other Available Payments Through MatchPay

PayPal is the most common P2P money transfer platforms that is accepted by online sportsbooks in the US. When depositing with a sportsbook that used the MatchPay Service, players do not have to use PayPal but have the option to use many other P2P services for deposit and withdrawal transactions.

  • Zelle
  • CashApp
  • Venmo
  • Chime
  • Apple Pay

Why Do I Not See MatchPay Or PayPal As An Option At Bovada?

If a Bovada player signs up for an account and does not see the MatchPay option for depositing with PayPal, they can send a live chat to their 24/7 customer service. However, Bovada does not always offer every bettor the same deposit options. In some cases, this is the result of that bettor not depositing with the online sportsbook before. Using a cryptocurrency is another great wat to fund a Bovada account, if the PayPal option is not available.

Do Regulated Sportsbooks Accept PayPal?

There are a few state-regulated sportsbooks that accept PayPal for funding an account. These deposits and withdrawals can be processed directly and do not require the assistance of MatchPay or any other third-party services. These sportsbooks are:

  • FanDuel
  • DraftKings
  • Caesars Sportsbooks
  • Barstool Sportsbook

Why Do Some Online Sportsbooks Require MatchPay For PayPal?

PayPal is set up to mostly work inside the US, and when it starts to move money overseas, problems tend to crop up. Involving MatchPay or Person2Person transfers in the process allows you to effectively anonymize your transaction a bit, and add a layer of security to the process of sending money to or getting money from an online sportsbook. For this reason, online sportsbooks tend to only accept payments from PayPal if they are delivered through a service like MatchPay.