PayPal is the most popular and easiest to use e-wallet available online. So it’s a bummer that PayPal does not allow sportsbooks to accept PayPal deposits from the majority of Canadians (outside of Ontario).
With Ontario becoming a regulated sports betting market, we are seeing Paypal becoming available at various licensed sportsbooks operating in Ontario. Below I outline one of our recommended betting sites for Ontario residents that is accepting Paypal as a payment option.
Sites That Accept PayPal Deposits
Bet365 is licensed by iGaming Ontario to operate in Ontario, while also operating in the rest of Canada.
PayPal Deposit Guide
As I mentioned in the first sentence of this page, PayPal is by far the easiest e-wallet to use online. In this section I’ll walk you through setting up a PayPal account through to depositing at Bet365.com.
Sign Up For and Fund Your PayPal Account
I’m going to assume that most of you reading this already have a fully functional PayPal account. They are so handy when it comes to all types of ecommerce that I suspect the majority of people in Canada already have an account. If you don’t have one, you can quickly open an account. It’s very easy to sign up. You just fill out a quick form with your basic personal information and you’re all set up. You will then need to connect a credit card or bank account to your account in order to use PayPal to make purchases online, but that’s extremely easy as well.
Alright, moving on….
Making Your Deposit
At Bet365.com you can choose PayPal as your deposit method. To deposit via PayPal select ‘PayPal’ from Payment Method drop down menu, enter the amount you want to deposit, and click ‘PayPal’ on the Deposit page. The minimum deposit via PayPal at Bet365 is $40.
You will then confirm the deposit through PayPal.
Withdrawals
Making a withdrawal is just as easy as depositing. Simply select ‘Bank’ from your account menu and select ‘Withdraw’. Enter the withdrawal amount and select ‘PayPal’ as the method for payment.
From my experience the funds will be in your PayPal account within 24 hours. You can then choose to keep the funds in your PayPal account for other online purchases or you can withdraw the funds from PayPal to your personal bank account.
