Best Betting Sites With PayPal in Ontario 2023
If you’re a sports bettor seeking the safest way to move funds in and out of an Ontario sports betting account, look no further than PayPal. First introduced to online shoppers as a more secure alternative to credit cards, PayPal is now used by more than 6.4 million Canadians and has become an increasingly popular option for sports betting sites.
Here are the best betting sites with PayPal in Ontario in 2023.
Best PayPal betting sites in Ontario
#1 Top-rated sportsbook
BetSmart™ Rating: 4.6/5- Well-designed mobile app
- Live same-game parlays
- 24/7 customer support
Payout Speed:Deposits & withdrawals
BetSmart™ Rating: 4.7/5- Generous welcome bonus
- Offers same-game parlays
- Ample betting options
Deposits & withdrawals
BetSmart™ Rating: 4.4/5- Registered with the AGCO
- Large selection of sports
- Live betting & streaming
Deposits & withdrawals
BetSmart™ Rating: 4.3/5- Immersive and holistic mobile sports betting experience
- Very sharp odds for big games
- Betting integration supported via theScore sports app
Deposits & withdrawals
BetSmart™ Rating: 4.4/5- User-friendly mobile app
- Good deposit options
- Offers same-game parlays
Deposits & withdrawals
BetSmart™ Rating: 4.5/5- Registered with the AGCO
- Excellent coverage of major sports
- Same-game parlays available
Deposits & withdrawals
BetSmart™ Rating: 4.6/5- Good live betting section
- Offers same-game parlays
- User-friendly interface
Deposits & withdrawals
BetSmart™ Rating: 4.4/5- Varied betting markets
- Wide range of banking options
- Focus on esports
Deposits & withdrawals
What to look for in a PayPal betting site
All PayPal betting sites are not created equal. The top sportsbooks separate themselves from the rest of the pack by presenting bettors with sharp odds, secure banking, and top-notch customer support.
Competitive odds
Some sportsbooks may reel you in with flashy ads, but that doesn’t mean you need to stick around after creating an account. Successful bettors always keep their eyes peeled for the best betting lines across several betting sites.
PayPal deposit and withdrawal limits
Online sports betting sites that accept PayPal typically require deposits of $5-$10 per transaction. This number may be a tad higher when you’re looking to pull funds from your sportsbook account.
It’s worth noting that some websites and Ontario sports betting apps won’t allow you to withdraw your winnings via PayPal if the e-wallet wasn’t also used to deposit money to your sportsbook account. Have an alternative withdrawal method in mind when using a different payment method to make deposits.
Payout speed
One of PayPal’s major selling points is the speed at which you can move funds in and out of your sportsbook account. Once you’ve Identified the betting sites that support PayPal, zero in on those that can process withdrawals quickly. Some sportsbooks may grant you access to your funds almost instantly.
Realistically, it should take a day or two to see your winnings back in your PayPal account. Sports betting sites — and PayPal — take precautionary measures to verify your identity and ensure funds are released to the appropriate account.
Bet types and sports available
Live betting, same game parlays, and futures betting.
These increasingly popular bet types are now in huge demand — but not all PayPal betting sites put forward these options.
Some sportsbooks will feature betting lines on every event imaginable. Others will limit bettors to the major sports leagues only. If you’re a niche bettor, browse through all available sports to see if your preferred leagues, events, and bet types are available.
Security
PayPal itself provides an unrivaled level of security for online shoppers. Using this already reliable payment option on a licensed and regulated sports betting site will allow you to breathe easy and focus more on line movement and locking in your picks.
In short, if a sports betting website accepts PayPal, you can rest assured that your bankroll is in good hands.
Customer support
Any sportsbook worth your time should have easily accessible customer service representatives. Sports betting can be time-sensitive, so having the ability to reach out via phone, live chat, Twitter, or email cannot be overstated.
Don’t be afraid to test the waters. Use any of the above channels to reach out to prospective sportsbooks and use response times to gauge the reliability of their customer support teams.
The pros and cons of betting with PayPal
While you will be hit with a 2.9% fee — plus a fixed fee of $0.30 CAD — when topping up a PayPal balance with a credit card or debit card, all transactions involving your existing balance are free when betting online.
Using PayPal also allows you to keep your banking details to yourself. After linking a bank account to a PayPal account, you won’t be asked to share the same specifics when registering with an online sportsbook.
Fees when topping up PayPal account with credit card or debit cardHow PayPal keeps your funds secure
PayPal has a reputation for being a safe and convenient e-wallet for sports bettors.
Its use of end-to-end encryption, security keys, and email confirmation ensures your personal data is protected and all transactions are completed safely.
End-to-end encryption
End-to-end encryption is the industry standard for protecting the secure communication of sensitive data. Consider PayPal’s encrypted language an elaborate set of signs even the most seasoned and savvy baserunner has no shot of stealing.
With the use of public keys (stored on servers and used to encrypt your personal information) and private keys (stored locally and used by sportsbooks to decrypt your sensitive data), malevolent hackers are left high and dry with no means to intercept your banking details.
Security keys
For an added layer of protection, PayPal gives sports bettors the option to use a one-time-use security key. For every new PayPal session, you’ll be sent a unique pin that you can enter — along with your password — to access your account.
Email confirmation
Each PayPal payment and withdrawal triggers an email confirming the transaction. In the unlikely event you receive an email without making a payment or receiving funds, contact PayPal support to launch an inquiry.
How to create a PayPal account
If you don’t already have a PayPal account, here’s how to create an account and add funds to your PayPal account balance.
Sign up for PayPal
- Visit PayPal.com or download the PayPal app in the App Store or Google Play store.
- Click or tap the “Sign up” button.
- Click or tap “Personal” to open a personal PayPal account.
- Select your country and add your phone number, followed by your other personal information.
- Verify your account via your email address.
Add funds to your PayPal account
- Link your bank account, credit card, or debit card to your PayPal account (Note: you may only link one card to your account at a time).
- Follow the prompts until receiving confirmation your bank account, credit card, or debit card has been linked.
- Click or tap “Transfer money” under your account balance.
- Select “Add money to your balance.”
- Enter the amount you’d like to add to your PayPal account and confirm the transaction.
Getting started at betting sites with PayPal
Once your PayPal account has been created and funded, you’ll be ready to transfer funds to an Ontario sportsbook account and place your first wager.
Select a sportsbook
Using the criteria we outlined above, choose the sportsbook — or sportsbooks — that meet your sports betting needs.
Register online
Betting sites that accept PayPal offer users streamlined registration. Ontario sports bettors can complete the registration process from the comfort of their own homes by simply filling in their personal information and confirming their identity and location.
Deposit funds
To fund your account, select PayPal from the deposit menu in your sportsbook’s cashier section. After entering the amount you’d like to add to your sports betting account, you’ll be redirected to the PayPal website or app. Sign in, confirm your deposit, and your transaction will be processed instantly.
Start betting
With a freshly-funded sportsbook account, you’ll be ready to place some wagers. Add your picks to your bet slip, review your total, and confirm your bets.
Withdraw winnings
If you’ve met your sportsbook’s withdrawal limits, you can pull funds from your account at any time, free of charge. PayPal withdrawals should take a day or two to complete, but this can vary depending on the sports betting app.
More Ontario betting and banking resources
No interest in opening a PayPal account? No problem. Toronto sports betting enthusiasts and bettors throughout Ontario can also make deposits with Interac, Visa, Mastercard, MuchBetter, and other popular deposit methods.
Check out the following Ontario sports betting guides for more expert analysis:
Betting Sites with PayPal in Ontario FAQs
Yes, if you used PayPal to make a deposit, you’ll also be able to withdraw funds back to your PayPal account.
Yes, several sports betting sites accept PayPal deposits and withdrawals in Ontario.
While PayPal isn’t universally accepted by AGCO-regulated sports betting sites, many of the top operators accept PayPal deposits and withdrawals. PointsBet, BetMGM, FanDuel, BetRivers, DraftKings, and Caesars Sportsbook all support the secure banking method.
Yes, you may use your PayPal account to deposit and withdrawal funds from FanDuel Ontario.
Absolutely. PayPal uses end-to-end encryption to thwart even the most skilled hackers’ attempts at accessing your personal information. PayPal offers sports bettors an incredibly safe and secure method to deposit and withdraw from online sportsbook accounts in Ontario.
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Jeff has been reviewing sportsbooks and covering North American sports betting full-time since 2021. The former NHL prospects writer has crafted over 100 reviews and guides for the Covers community and has been sweating his own picks for over a decade.
