What are the PayPal Fees for Sportsbook Deposits?
The short answer to this question is that, if you do things right, there are no fees. The long answer goes like this: Online sportsbooks that accept PayPal cover all of the fees associated with making a deposit. You never have to worry about paying a fee when transferring money between your PayPal account and your online sportsbook account. Where you may incur some fees is when you transfer money into your PayPal account. If you set up direct bank transfer and utilize that to transfer money into your PayPal account, then you will be charged nothing. If you deposit with a credit card, then you will be charged 2.9% of your deposit amount plus a £0.30 fee.
What do I set up PayPal Direct Bank Transfer?
The process for verifying your bank account for direct bank transfer transactions with PayPal is really simple. Once you’ve signed up your new account at paypal.com, you need to go to the ‘profile’ section and select the ‘add/edit bank account’ link. Once you are taken to the next page, you can enter your bank account information. There is a guide with a break down of the numbers on your cheque so as to make it extremely easy. Following the addition of your banking information, PayPal will send you two small deposits (under a dollar), and once you go into your account and verify the two amounts that were deposited, your bank account will be verified. You can then add money to your PayPal account through direct bank transfer.
In What Countries Can I Use PayPal for Sportsbook Deposits?
This, of course, is at the discretion of both PayPal and the online sportsbook that you choose, but a general list includes: Australia, Austria, Denmark, Finland, Germany, Ireland (Rep of), Italy, Spain, Sweden and the United Kingdom.
Is it Legal to Use PayPal for Online Sportsbook Deposits?
Yes! It is true that you cannot do so from some countries because of regulations put in place by those countries. A couple examples of this would be the United States and Canada. Check out the list of accepted countries up above or go to our PayPal Sportsbooks review page to find out specific information about the sportsbook you want to use.