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 2022.
Covers is verified safe by:
Last Updated Aug 4, 2022, 02:18 PM ET
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 2022.
#1 Top-rated sportsbook
BetSmart™ Rating: 4.4/5Deposits & withdrawals
BetSmart™ Rating: 4.4/5Deposits & withdrawals
BetSmart™ Rating: 4.4/5Deposits & withdrawals
BetSmart™ Rating: 4.3/5Deposits & withdrawals
BetSmart™ Rating: 4.4/5Deposits & withdrawals
BetSmart™ Rating: 4.7/5Deposits & withdrawals
BetSmart™ Rating: 4.7/5Deposits & withdrawals
BetSmart™ Rating: 4.4/5Deposits & withdrawals
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 oddsSome 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 limitsOnline 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 speedOne 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 availableLive 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.
SecurityPayPal 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 supportAny 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.
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 cardPayPal 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 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.
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.
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.
If you don’t already have a PayPal account, here’s how to create an account and add funds to your PayPal account balance.
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.
Using the criteria we outlined above, choose the sportsbook — or sportsbooks — that meet your sports betting needs.
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.
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.
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.
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.
No interest in opening a PayPal account? No problem. Sports bettors in 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:
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.
Jeff Watters is a content editor at Covers. Before pivoting to sports betting in 2021, the well-traveled Nova Scotian and Atlanta Braves fanatic spent time writing about education, software, and NHL prospects.
Established in 1995,
Payout Speed:
