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 Canadians. I’m hoping and expecting this to change in the near future, but until then there’s a great alternative for those of you who want to use PayPal to get some action on sports. That alternative is Daily Fantasy Sports site such as DraftKings.
PayPal has no issue allowing deposits to Daily Fantasy Sites because these are daily fantasy is classified in Canada as a “skill game” and not gambling. I’m a huge fan of Daily Fantasy Sports and the more I play the more I enjoy it. And the fact that these sites accept PayPal is just a bonus!
Sites That Accept PayPal Deposits
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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 DraftKings.com (my favourite daily fantasy site).
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 that vast majority of people in North America already have an account. If you don’t have one, get one. You won’t regret it. 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 DraftKings you can choose to deposit via Credit Card or PayPal. To deposit via PayPal select the amount you wish to deposit and click ‘PayPal’ for your payment type. Then click checkout.
This will bring you to your PayPal account where you simply need to sign in and confirm your payment. It’s as easy as that.
Making a withdrawal is just as easy as depositing. Simply select ‘Withdraw’ from your ‘My Account’ page at DraftKings.com, enter the amount you want to withdraw and enter your PayPal email 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.