This article will discuss what PayPal is and how you can use it for betting. You will also learn the pros and cons of PayPal sports betting in Arizona and which reputable sportsbooks are compatible with it as a banking method.
PayPal sports betting overview Arizona
PayPal is one of the safest and easiest ways to manage your finances online, and that includes using PayPal for betting. Because it can be used for both deposits and withdrawals, you can keep everything in one place, and you can use it as a workaround for multiple cards or bank accounts.
There are many betting sites that accept PayPal, so you cannot go wrong with using it to manage your finances.
Best Arizona PayPal betting sites
PayPal Sports betting Arizona
PayPal was initially founded in California in 1998 to serve as a simple online money transfer service. It still functions within that goal today, but PayPal has become a staple for e-commerce. And is used today as a payment option for funding your PayPal sports betting Arizona.
Transactions using PayPal are not only quick but they are well protected. You can keep your entire wallet linked to your PayPal account, or you can add funds into the account to use on its own. Either way, PayPal is widely accepted to process debit, credit, and bank transfers.
How to use PayPal for sports betting in Arizona
PayPal is popular with online sports sites because of its encryptions, but it also does not show up on a bank account as betting transactions. This is a big bonus for PayPal betting Arizona.
Bettors may use this for anonymity, but it can also help by cutting down any transactions blocked by a financial institution that does not recognize the sports betting site.
You can use PayPal to both deposit and withdraw funds easily.
Signing up for a PayPal account
Before you can use PayPal, you need to sign up for an account.
This does not take much time at all, but it does involve some verification. Therefore, it is best not to wait until the last minute to sign up for an account in case they need more information or processing time.
The process includes:
- Providing an email and secure password
- Entering personal information to verify identity, address, and contact information
- Adding cards and bank accounts, you would like to use
- Undergoing proper verification
You can also sign up for PayPal credit options, but this is not a requirement to use PayPal either on its own or on sports betting sites.
Once your PayPal account is active, you can link it to your preferred Arizona online gambling sites and use it to add funds as you would any other method. Of course, you may need to log into your PayPal account again to verify it before the transaction can be processed, but PayPal does a good job of remembering devices or adding options for two-step verification.
If you are using PayPal to fund your account for the first time, you should make sure that it does not violate the terms of your welcome bonus. While this is not common, certain betting sites have listed PayPal as an exception in the past.
Go through the normal steps on your preferred Arizona online sportsbook to initiate a withdrawal, selecting PayPal as your choice.
When you withdraw, the funds are typically deposited to your PayPal account. Once they are available there, you can decide whether you want to leave them in your PayPal account or transfer them out to a different account.
While using PayPal for withdrawals is generally fast, it may not be an option until you have used your PayPal account to fund your sports betting account. PayPal Sportsbooks have employed this measure to avoid attempts of money laundering and accusations of fraud.
Benefits of using PayPal for sports betting
Because PayPal is made for managing online transactions, it goes hand in hand with online sports betting. PayPal has been working for years to create one of the fastest and most secure ways to pay for things online.
They also do not mind going head to head for you in any cases of fraud, so PayPal provides an excellent backup if someone were to hijack or hack into your account.
PayPal provides a method that keeps all your debit cards, credit cards, and bank accounts in one area. If you are prone to switching your preferred payment method frequently but do not want to input your cards on every site, then using PayPal just makes sense.
Because the transactions show up with your financial institution as a PayPal transaction, you cut down on the chance of your bank blocking the charge. Unfortunately, this tends to result in an awkward phone conversation that no one wants to have.
On top of housing your external banking methods, you have credit options tied to your PayPal account. If you are stable financially, then the rewards tied to these options can add a slight increase on any money you spend using those credit accounts.
Downsides of using PayPal for sports betting
While PayPal is mostly good, there are a few issues to consider.
If you need to transfer any funds outside of your account instantly, they are subjected to a fee of 1 percent with a maximum charge set at $10.
This may not be an issue here and there, but the small amounts do add up and decrease your winnings. You can avoid the fees by allowing a longer processing time of 1 to 3 days.
While it is not common, using PayPal to fund your account initially can violate the terms of certain welcome bonuses. So check your terms and conditions first, or contact the Paypal sportsbook AZ to double-check.
If this is a problem, you can fund your account using another method first, usually a credit or debit card. Play+ is another great option that has similar features to PayPal.
After the initial deposit, you should be fine to use PayPal as your preferred method.
8 Best PayPal compatible sportsbooks
These best PayPal sportsbooks not only accept PayPal, but they have a great reputation on their own. So choosing one or even a few will give you a variety of betting options while keeping your banking method more streamlined.
BetMGM PayPal Arizona betting
BetMGM is a website that requires you to make a deposit using PayPal before you withdraw to PayPal, but other than that, the experience is hassle-free. This means that you can use PayPal to fund your first risk-free bet up to $600.
DraftKings and PayPal AZ sports betting
PayPal was added to the DraftKings lineup of banking methods in 2018 to add a quicker method of processing transactions. You are still subjected to a minimum deposit of $5 and a maximum deposit of $2,000, but both are well within the DraftKings welcome bonus of $500.
FanDuel AZ PayPal sportsbook
FanDuel is a bit pickier when it comes to using PayPal, but it is no less secure. You just need to make sure your bank account is linked as the preferred payment method before making any deposits, and you should ensure the bank you have linked is properly funded.
FanDuel will match up to $500 of your first deposit.
William Hill Arizona PayPal online betting
William Hill has a higher deposit cap when using PayPal, sitting at $5,500. You can use either a connected account or an existing PayPal balance to make your deposit before making your first risk-free bet of up to $500.
The maximum amount on withdrawals is a bit smaller, but that only drops to $5,000. Their website gives you a window of 72 hours, but most PayPal withdrawals are processed much quicker.
Caesars Sportsbook with PayPal in Arizona
As long as you are not using a PayPal Premier or PayPal Business account, you can link to a deposit at Caesars Sports. However, you will need to link your bank as the preferred payment method; you cannot use a debit or credit card.
Before you even fund your Caesar account, you unlock a $10 signup bonus, but funding your account will prepare you for their $300 matched bet. When it is time to withdraw your winnings, you have a $10 minimum, and Caesars quotes an average of three days to process withdrawals.
Bally Bet – PayPal Arizona
Bally Bet is a newer name when it comes to online betting sites, so they have a smaller variety of payment options. Luckily, you can fund a Play+ card using your PayPal account to keep things in the same general area.
If watching the site grow is not enticing enough, Bally Bet currently offers a risk-free bet of up to $550.
WynnBET PayPal AZ
Once again, WynnBET requires you to link your bank account as your preferred source of payment. If this is not already done, you can easily remedy the issue by continuing to your PayPal account from the WynnBET deposit page and indicating your bank account should be used primarily.
With WynnBET, you have access to a $500 risk-free bet after funding your account for the first time.
Unibet Arizona PayPal bets
To use PayPal with Unibet, you need a personal account (just as is specified with Caesars Sports). You will also need an existing balance on your PayPal account; you cannot use a debit or credit card through PayPal to fund your Unibet account.
After funding your account, you can use your balance to unlock a $500 risk-free bet.
FAQ’s About PayPal sports betting Arizona
Is PayPal available on all betting sites?
While PayPal is not available on every betting site, it is a popular option that you will see on most betting sites.
What fees are involved with PayPal for betting?
A PayPal account is free to have and typically involves few fees if any. The most common time you will deal with fees with PayPal is if you need to withdraw your funds off the site immediately. In that case, there will be a 1% fee of up to $10.
What transaction speed is to be expected for deposits and withdrawals?
Transactions using PayPal to move money into your PayPal sportsbook in AZ will usually be instantaneous. Any time you move funds into PayPal, they may also be instant, but expect 24 to 48 hours to be safe.
Is PayPal safe to use?
Transactions made using PayPal are protected using Encrypted Website Payments (EWP). This protects sensitive information like account details.
Can I use PayPal outside sports betting in Arizona?
PayPal is a popular payment method outside the world of sports betting, so signing up for an account can be useful in other areas of your life.