HomeBankingPayPal

PayPal betting sites in Delaware

Table of contents

If you are looking for PayPal sports betting sites in Delaware, you have found the right page. We’ve put together the most up-to-date PayPal guide for your convenience. Learn more about this fantastic online payment method and how it fits into the online betting world. Our complete guide to PayPal betting sites in Delaware will inform you about everything you need to know.

About PayPal betting sites in DE

PayPal is a digital payment service that allows people to make payments to each other over the internet. This money transfer behemoth, founded in 1998, now has over 244 million active account holders worldwide.

Furthermore, it is well-known and trusted among online merchants and customers. The e-commerce company offers users secure and quick money transfer options, making it an ideal tool for retailers and online bookmakers alike. You can use this service to fund your betting accounts and collect winnings without having to reveal your bank account information.

After the federal sports wagering ban, PASPA was overturned in 2018, using PayPal for sports betting became legal in more than half of the states in the United States. PayPal, along with Visa, MasterCard, PayNearMe, and Play+, is now frequently listed as a payment method by legal Delaware sportsbooks.

Best PayPal betting sites in Delaware

Many of the best betting sites partner with PayPal to make it simple for players to deposit and withdraw funds. Here are the best PayPal online sportsbooks in Delaware.

  • 888 Delaware
  • BetWay Delaware
  • DraftKings Delaware
  • PointsBet Delaware
  • BetRivers Delaware

How to deposit with PayPal on betting sites in DE

If you want to know how to deposit using PayPal, follow the steps below. The process is quick and straightforward.

  1. Open a PayPal account if you haven’t already.
  2. Open the PayPal app or log in on the browser.
  3. Click ‘Add Money’.
  4. Choose an amount you wish to deposit on the betting site.
  5. Log in to your chosen betting site.
  6. Go to the deposit section.
  7. Choose PayPal.
  8. Enter deposit amount.
  9. Follow the instructions.
  10. Start betting.

You will first need to open an account with PayPal. Creating a PayPal account is a straightforward and quick procedure. Your name, address, phone number, and email address will be required.

Go to the PayPal official website and click the “Sign Up” icon in the top right corner of the homepage to register with the online payment service. On the signup form, fill in the required information. Then, to register with the e-wallet, follow the onscreen instructions. You can use PayPal once your account verification procedure is complete.

Then, to make a deposit, log into your sportsbook account and go to the cashier section. Choose PayPal from the list of deposit options. Input the amount you want to deposit and, if applicable, enter a promo or bonus code before clicking ‘Submit.’ A window will open to PayPal, where you will need to sign in and confirm the transaction.

How to withdraw from PayPal betting sites

If you want to draw your winnings from your Delaware Sportsbook using Paypal, follow these steps.

  1. Go to the withdrawal section of the betting site.
  2. Choose PayPal.
  3. Enter the amount you wish to withdraw.
  4. Withdraw from your PayPal account straight to your bank.

To withdraw winnings from your betting account, go to the Cashier section of your gambling account and choose PayPal as your withdrawal method. Enter the amount you want to draw and click ‘Confirm’.

After which, the money will be in your PayPal account once your sportsbook approves your withdrawal request. You can use it to transfer funds to a variety of payment methods, including:

  • Bank Card – It usually takes 3 to 5 business days to transfer funds from your PayPal account to your bank account; weekends and holidays may affect the exact timing of when your money is deposited. Also, depending on your bank account, additional holding periods may apply when transferring money.
  • Visa/MasterCard – It takes about 30 minutes to send money from PayPal to your debit or prepaid card. There is a $0.25 fee for this service. And, when withdrawing from another currency, additional currency conversion rates may apply.
  • PayPal MasterCard – The PayPal Debit MasterCard is the fastest way to withdraw money. You can withdraw cash from most ATMs using PayPal’s Debit MasterCard. Each day, you can withdraw up to $400 USD from your PayPal account via ATM. There may be additional ATM fees.
  • Check – PayPal also gives you the option of receiving your money through a check. Checks are usually delivered within 1-2 weeks to customers in the United States. There is a fee of $1.50.

Also note, that when you deposit using PayPal at a sports betting site in Delaware that accepts it, you will not be charged any processing fees, and the service itself is free, but there are other fees, which we will discuss later.

A history of PayPal betting sites in Delaware

PayPal has had an on-again, off-again relationship with the betting industry since its inception in the late 1990s. Betting initially accounted for a significant portion of the company’s revenue. In 2002, online gambling transactions accounted for about 17% of PayPal’s total processing business.

However, after merging with eBay in 2002, the revenues changed because it stopped accepting online betting transactions. It was due to the pressure from the US legal system.

As a result, PayPal exited the online betting market, allowing e-wallets like Neteller and Skrill to flourish. The two became synonymous with betting, and their wealth and dominance rivaled their competitor, PayPal.

PayPal’s popularity was not short-lived, as the company resurfaced in 2009, stronger than before. It began by obtaining licenses and partnering with legal operators in the United Kingdom before moving to the American market.

In 2015, PayPal took the next step in the online gambling industry. PayPal and Caesars Interactive Entertainment began processing online poker and casino payments for WSOP.com, and 888, Harrah’s Casino, and Caesars Casino in Nevada and New Jersey.

Now, it is well-known among Delaware sportsbooks. Its continues to grow and gain recognition by sports bettors.

Pros and cons of PayPal betting sites in DE

Using this payment method on Delaware gambling sites has both pros and cons. Below we will discuss some of them.

Pros

PayPal is a popular payment option for bettors for a variety of reasons.

  • Simple to use
  • Widely accepted.

Because you don’t have to leave the bookmaker’s site or enter your bank details to proceed, the entire deposit and payout process takes only a few clicks.

Besides that, Delaware sportsbooks that accept PayPal have exploded in popularity in recent years, providing bettors with a fantastic alternative to traditional banking methods.

Moreover, it has been well-known for its top-notch security features since its inception. Your financial details are safe because all transactions are encrypted.

Cons

However, there are some drawbacks to using this payment method.

  • PayPal will take fees when using their services.

The majority of Delaware betting sites that accept PayPal do not charge a fee, and PayPal does not charge a fee for using an existing balance or transferring funds from a bank account. However, Fees for transferring money to your credit card or bank account range from 2-4%.

Besides that, since it is the most regulated e-wallet, it is required to keep a detailed record of your betting activities. That means tax authorities can request a copy of your betting activities in order to examine it.

Moreover, e-wallets have been a source of suspicion for a long time due to bonus abuse and arbitrage betting. As a result, only a few PayPal bookies will let you claim the welcome bonus.

Best alternatives to using PayPal when sports betting in DE

FAQ

Is PayPal a safe payment to use on Delaware betting sites?

Yes, PayPal is a safe payment method to use on Delaware betting sites. PayPal employs a large team of fraud prevention specialists and has excellent encryption software. Any transactions that appear to be suspicious are flagged, so you never have to worry about your safety when using PayPal. You do not have to enter your credit card information when topping up your sportsbook account balance with PayPal. Hence, many bettors find this comforting from a safety standpoint.

How much fees do I pay on PayPal betting sites?

None, depositing with PayPal at an online betting site in DE is free. When depositing with a credit or debit card, PayPal charges 2.9%. Using an existing PayPal balance or an electronic funds transfer from a bank account costs nothing. In some cases, withdrawals from a betting site to your PayPal account are subject to a 3.4% commission rate. However, each bookmaker charges a different fee, so double-check with your sportsbook.

Do all sportsbooks in Delaware accept PayPal?

No, not all sportsbooks in Delaware accept PayPal. The best sportsbooks in Delaware accept PayPal as a payment option. But check with your sportsbooks in Delaware to see whether they accept PayPal.