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PayPal betting sites in New York

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Are you looking to bet on your favorite sports at the best PayPal betting sites in New York? Then, you are at the right place. As the most popular e-wallet worldwide, PayPal is accepted by almost all sports betting platforms. The payment method is easy to use and guarantees maximum security to transactions, making it a favorite among Americans. Apart from that, it processes deposits instantly and doesn’t charge any transaction fees.

In this guide, you will find everything you need to know about New York sportsbooks that accept PayPal. This includes how to deposit and withdraw using this e-wallet, as well as the best PayPal sportsbooks in New York. Read on.

What is PayPal?

PayPal is a financial service that allows you to make payments using a secure online account. You simply link a credit/debit card or bank account to your wallet and use it to make purchases at participating stores. In simple terms, it usually acts as a middleman between merchants and banks and keeps your transaction data secure.

Additionally, you can also utilize PayPal to send cash to family and friends as well as receive funds from them. In recent years, the payment service has been embraced by online gambling sites in NY who wish to offer their customers an efficient way of making gambling payments. As a result, PayPal is today the most popular e-wallet option for players in the US.

Best PayPal betting sites in New York

The following are the best New York betting sites that accept PayPal.

  • BetRivers New York – The range of betting markets alongside their odds, makes BetRivers one of the best online sportsbooks in New York. Apart from that, the site provides a generous sign-up bonus that new players can definitely take advantage of. When it comes to playing on the go, BetRivers offers a nice mobile app that is compatible with different devices.
  • DraftKings New York – Once a fantasy sports platform, DraftKings has since grown to become a leading sportsbook. The site delivers an outstanding experience, thanks to its wide selection of sports and bet types. One of DraftKings’ best features is Odds Boost, which works by enhancing the odds, hence increasing potential payouts. The sportsbook also provides parlays which allow you to combine multiple bets, easily and quickly.
  • Tipico New York – Another top NY online sports betting operator, Tipico has expanded its coverage in several US states including New York. It gives punters the chance of choosing from an extensive array of bet types including moneylines, props, futures and parlays. Additionally, Tipico awards new customers a bountiful welcome bonus that allows them to launch their betting journey in the best way.
  • BetMGM New York – Since online sports betting was legalized in US, BetMGM has quickly grown to become one of the biggest sportsbooks. This is thanks to its comprehensive catalog of sports to wager on, alongside its varied selection of lines for each event. In addition, BetMGM also provides a fantastic parlay builder that allows users to quickly build up customized parlay wagers on any game.
  • Caesar’s New York – There are few gambling brands that are as reputable as Caesars. With experience spanning several decades, the operator brings the same to sports bettors in New York. One of the things that make Caesars stand tall is its generous promotional offers, which are suited to the needs of each player. Furthermore, the platform has a daily selection of odds boosts for punters to choose from.

How to use PayPal on a NY betting site

So, you’ve decided to use PayPal on a betting website in NY? Worry not because this payment method is easy to use when it comes to depositing and withdrawing. Here is how you can get started.

Depositing

  1. Sign up with PayPal if you haven’t done it already – Firstly, you’ll need to create a PayPal account if you don’t have one already. Visit the PayPal website and click on “Sign Up” from the homepage. On the registration form, enter your personal info including your name, address, and phone number. Thereafter, agree to the terms and conditions and verify your account via an email link. Consequently, your PayPal account will be created.
  2. Add funds to your PayPal account with your bank card or another payment method – Next is to add funds to your PayPal account. You can do this through a credit card or bank transfer. Funding with a credit card is instant, though you may incur some fees. On the other hand, while bank transfers are free, transaction processing may take up to three days.
  3. Sign in to your chosen PayPal betting site – Pick a trusted PayPal betting site or any of those we have mentioned in this article. Then, register at the site and after that, sign in to your betting account
  4. Go to the deposit section of the betting site – Access the cashier page of your account and click on the “Deposit” button. Consequently, a list of available payment methods will be displayed.
  5. Choose PayPal – From this list, choose PayPal as the payment option you would like to deposit with.
  6. Enter the deposit amount – Specify how much you wish to deposit into your betting account while ensuring you meet the minimum and maximum deposit limits.
  7. A pop up will appear asking you to confirm your PayPal details – You will see a pop-up message on the screen that will prompt you to confirm your PayPal details. Click on the “OK” button to authenticate the transfer of funds.
  8. Confirm and your funds will arrive in your betting account immediately – Wait for the funds to reflect in your online betting account. Normally, this will happen instantly when you are using an e-wallet like PayPal.
  9. Start betting – With your account loaded with money, you can start betting. Choose the sport you love, place your wager and wait for an opportunity to win real cash.

Withdrawing

  1. Go to the withdrawal section of the betting site – Log into your betting account and go to the withdrawal section of the cashier page. There, you will see a list of available payment methods.
  2. Choose PayPal – From the list, choose PayPal as your preferred payment option for making a withdrawal.
  3. Enter the amount you wish to withdraw – Specify the amount of cash you would like to withdraw from your online betting account. Once this is done, click Next.
  4. Confirm your PayPal details – A summary of the transaction will be made available to you. Confirm if all details are correct and then click OK to start the transfer of funds.
  5. Wait for funds to arrive in your PayPal account – The betting site will process the transfer and the money will be sent to your PayPal account. Normally, this may take up to 24 hours.
  6. You can withdraw from your PayPal account directly to your bank – If you have linked your bank card to your PayPal wallet, you can cash out the money directly to your bank account.

A timeline of PayPal betting sites in NY

PayPal continues to widen its customer base in the online gambling industry. However, the journey to prominence of this online payment provider hasn’t been without challenges. Here is a timeline of PayPal sportsbooks in NY.

  • 1998 — PayPal is founded by Max Levchin and Peter Thiel. It then grows to become a top choice for sportsbooks that accept American players. At that time, gambling transactions contributed to about 80% of PayPal’s business.
  • 2002 — eBay, a multinational e-commerce company, acquires PayPal.
  • 2003 — PayPal stops processing gambling payments after it becomes the target of a fraud investigation by the federal government. It stays out of the gambling business for six years.
  • 2009 — The company starts processing gambling payments again.
  • 2015 — PayPal and Caesars Entertainment enter into a collaboration to process online casino payments. Today, it continues to cement its position as the leading e-wallet provider.

FAQ

Are PayPal betting sites safe to use in NY?

Yes. PayPal betting sites are properly licensed and regulated, which means they are trustworthy and safe. Apart from that, they utilize security features like SSL encryption. All the popular payment methods include these security measures, including Neteller betting sites in NY. This is meant to provide solid security to your personal data and funds.

Do I need to be 21 to use a PayPal betting site in NY?

No, you don’t need to be 21 to use a Paypal betting site in NY. The gambling laws in New York state that gambling is allowed to anyone who is at least 18 years old. This basically means that you can sign up at a betting website and place wagers on sports even before you attain 21 years.

Do I pay fees using PayPal on NY betting sites?

No. Usually, PayPal doesn’t impose any fees on transactions on NY betting sites. Therefore, you can make deposits free of charge and get to keep all your winnings when you withdraw. However, some linked bank cards may charge some fees, so always check with your bank.