Betting sites with PayPal
– the pros and cons
Before we get down to the nitty-gritty of PayPal betting in Ontario, how it works and where it’s possible, let’s start with the basics. Below, you can see the main advantages and disadvantages of PayPal betting online at a glance:
Advantages and Disadvantages
- Instant deposits
- No outgoing transaction fees
- Available for deposits and withdrawals
- Safe and secure
- More private than using your bank
- Low minimum deposit limit
- Safe and trusted payment service provider
- Charges withdrawal fees when you receive money
Betting with PayPal
in Ontario
– An overview
PayPal first launched back in the 1990s and remains the most popular and widely used e-wallet and online payment service provider in the world. Currently, it can be used in over 200 countries worldwide and supports 25 currencies, including CAD.
It is a flexible online payment tool that can be used for a variety of things, including online gambling. Since Ontario online gambling became fully legal in Ontario in 2022, PayPal has been available on the majority of online sportsbooks and casino websites.
Why use
betting sites that accept PayPal?
Whether you are
betting on tennis, the NHL or the NBA, PayPal is a useful payment solution. For one thing, most sites that support it allow deposits and withdrawals, meaning it can be used at both ends.
Moreover, PayPal withdrawals are much faster than online banking transactions, taking just 2-3 business days on average compared with 3-5. On top of that, PayPal offers more privacy than paying with your bank account or credit/debit card, as we will see below.
More privacy than using your bank directly
If you make a deposit using online banking or a credit/debit card linked to your account, it will go on your bank statement for all to see. As well as allowing data gatherers to see what you are doing this can also affect other things in life, including your credit score.
PayPal and other similar
Ontario betting payment methods
effectively play the role of a middleman between you and your bank. Ultimately, this hides where the payment is going, keeping your gambling transactions away from your bank statements and snoopers/hackers.
Getting started with
PayPal betting Ontario
In order to start betting online with PayPal in Ontario, you are going to need to complete three steps:
- Create a PayPal account
- Open an Ontario betting site account
- Make your first PayPal deposit
If you don’t have one or both of these yet, here is what you need to do to get started:
1. Creating your PayPal account – Step by step
First of all, you need to complete these steps to open your PayPal account:
- Head to the PayPal website
- Click on the signup button
- Choose the “Personal Account” if presented with options
- Enter your email address, create a password and select your country of residence
- Provide your personal information, including name and address etc.
- Link your credit/debit cards and/or bank accounts to your PayPal account (optional)
- Verify your account using the email link
- Verify your phone number
- Transfer money from your bank to your PayPal account
2. Register with an Ontario betting site
This process differs slightly between the various betting sites that accept PayPal in Canada. However, the process more or less goes like this:
- Head to the betting site or download the app
- Click on the signup button
- Create a username and password
- Enter your personal info including full address
- Click to confirm that you have read the T&Cs and that you are aged 19+
- Submit the form once you are happy
- Follow the email link to open and verify your account
- Upload your photo ID and proof of address to verify your account
3. Make your first PayPal deposit
Again, this process is marginally different on every betting site, but here we have used the PayPal deposit process at PointsBet Ontario as an example:
- Log into your account
- Go to the baking area of your account
- Click on the “Deposit” button
- Select PayPal from the dropdown menu
- Enter the amount you wish to deposit
- A new window will open where you must sign in to your PayPal account to authorize the transaction
- The funds will instantly be added to your online betting account
- Start betting on sports and online casino games
Which betting sites accept PayPal in Canada?
As we said before, most Ontario betting sites accept PayPal for deposits, while a great many also support withdrawals. Below, we will give you an in-depth look at the best sites, but here is a short list of the top betting sites that accept PayPal in Canada:
- PointsBet
- Bet365
- BetMGM
- BetRivers.com
PayPal betting Ontario
– The stats:
In this table, you can see the main PayPal payment information for each of our top-rated Ontario online betting sites:
| PayPal betting site |
Min deposit |
Deposit processing time |
Min withdrawal |
Withdrawal processing time |
| PointsBet |
$5 |
Instant |
$5 |
1-3 business days |
| Bet365 |
$40 |
Instant |
$20 |
Within 24 hours |
| BetMGM |
$10 |
Instant |
$20 |
Within 24 hours |
| BetRivers.com |
$10 |
Instant |
$10 |
24 hour (approval) + Up to 30 min transaction processing |
Pointsbet – The lowest PayPal deposit and withdrawal limits in Ontario
If you are a casual bettor, working on a low budget or just trying out online gambling for the first time, Pointsbet Ontario is perhaps the ideal operator for you. As long as you make your deposit using PayPal, the minimum required limit is just $5, which is the lowest that you will find in Ontario and the whole of Canada.
Additionally, the $5 minimum limit also applies to withdrawals, which is extremely rare across the world, never mind just in Ontario. The only thing that offsets this slightly is that your withdrawal process will take between 1-3 business days to process, which is longer than the PayPal withdrawal times for all other betting sites covered in this article.
Ideal for Canadian sports fans
Moving beyond PayPal, and looking at the platform itself, Pointsbet is ideal for betting on Ontario-based sports teams such as the Maple Leafs, Raptors and Blue Jays. Looking longer term than just games, you will find great value
NBA odds for the championship
and other futures markets.
PointsBet Sports
+19 T&C’s Apply, Please play responsibly
PointsBet Highlights
- Generous betting odds
- Live betting and streaming
- Huge range of betting markets
Bet365 – The biggest betting site in Ontario
Online sports betting brands don’t come much bigger than Bet365, which has a global reach spanning most of Europe and South America, as well as large areas of North America, Asia and Oceania.
Its Ontario platform follows the same layout and model as Bet365 in most locations, with the iconic green and gold branding, and easy-to-navigate sportsbook. Despite being better known for its online sports betting provisions, the Bet365 online casino should not be overlooked.
Using PayPal at Bet365
When it comes to using PayPal at Bet365, it is kind of the opposite of Pointsbet. While Pointsbet has the lowest limits of all betting sites that accept PayPal in Canada, Bet365 has the highest.
The minimum required amount for PayPal deposits is $40, which is four times the deposit limit for most other payment methods on the site. On the upside for more casual gamblers, the minimum PayPal withdrawal limit at Bet365 is just $20 and withdrawals will be processed within 24 hours – which is super fast.
Bet365 Highlights
- Bet on all the biggest CA sporting events
- Live betting & streaming options
- 24/7 customer support available
+19 T&C’s Apply, Please play responsibly – Gambling can be addictive
BetMGM Ontario – The US giant heads north
Since the US lifted its federal ban on sports wagering in 2018, BetMGM quickly went on to become the most widely available sportsbook in the country. It therefore came as no surprise when the site launched in Ontario soon after the federal ban in Canada was lifted in 2022.
However, while most US states get a limited version of the site, containing just the online sportsbook, you get access to the whole hog in Ontario. Under one roof, you can bet on sports, spin slots at the online casino and compete against other poker players online.
PayPal deposits and withdrawals
Things are pretty easy when it comes to using PayPal to gamble online at BetMGM. You can start playing with a minimum deposit of $10 and fund your account with up to $5,000 at a time using PayPal.
When it comes to withdrawing your winnings, you can take out a minimum of $20 into your PayPal account with a processing time of under 24 hours.
BetMGM Highlights
- Huge range of betting markets
- Competitive odds
- Awesome mobile app
Visit BetMGM.com or BorgataOnline.com for Terms & Conditions. Must be 19+. ON Only. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Play Responsibly. If you have questions or concerns about your gambling or someone close to you, please contact ConnexOntario at 1-866-531-2600 to speak to an advisor, free of charge.
Like BetMGM, BetRivers.com is a betting site that is operated by an online casino resort brand. However, that’s where the similarities end, as the two sites look and feel completely different. While BetMGm has gone for the dark and sophisticated upmarket Vegas-style casino look, BetRivers.com is much more bright and breezy.
You have a white background with blue and gold branding that makes the site a lot easier on the eye. As well as being able to bet on live sports, many of which you can stream, the online casino also contains a decent range of live dealer games.
$10 minimum for PayPal deposits and withdrawals
For both deposits and withdrawals, there is a minimum limit of just $10 when using PayPal at BetRivers.com. Outside of Pointsbet, these match the lowest limits you will find when using any payment method at any other betting site in Ontario.
PointsBet Sports
+19 T&C’s Apply, Please play responsibly
PointsBet Highlights
- Generous betting odds
- Live betting and streaming
- Huge range of betting markets
The best alternatives to
PayPal betting in Ontario
PayPal might be the oldest, most widely available and best-established e-wallet in the world, however, it is not without its worthy competitors. Outside of Canada, Neteller and Skrill are popular e-wallet alternatives with online gamblers, however, these are not commonly accepted at Ontario betting sites.
Instead, those looking not to fund their accounts with a bank card directly, tend to look to banking-based transfer companies. Canada has a few highly rated services that most Ontario sportsbooks support, including:
- Interac
- iDebit
- Instadebit
If you are interested in exploring some of these options, you can check out our top-rated websites for iDebit and
Interac betting in Ontario
here. Additionally, you may also want to consider one of these instead:
- Apple Pay
- Trustly
- Paysafecard
PayPal betting Ontario
– Conclusion
There you have it, we’ve covered just everything you need to know about using PayPal for deposits and withdrawals at online betting sites in Ontario. We now recommend that you make use of our operator reviews here at TheGruelingTruth in order to discover your ideal ONT sportsbook. You then just need to register, load your PayPal account, make a deposit and start betting.
Top sports betting sites in Ontario
1.
Bet now
+19 T&C’s Apply, Please play responsibly – Gambling can be addictive
2.
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3.
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4.
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5.
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Betting sites that accept PayPal Canada
FAQ
🇨🇦 What betting apps use PayPal in Canada?
On many betting apps in Canada, you can use PayPal to make both deposits and withdrawals. However, you want to make sure that you find a quality app that has everything you need when it comes to betting. We recommend checking out Pointsbet, BetMGM and Bet365.
📱 Can you use PayPal for betting in Ontario?
Yes, PayPal can be used for online betting in Ontario and is among the most popular payment options among bettors. There are currently more licensed online betting sites in Ontario that accept PayPal than there are those that don’t.
🏒 Do sports betting sites accept PayPal in Ontario?
Most sports betting sites in Ontario accept PayPal, including PointsBet, Betriverts.com, Bet365 and BetMGM. If you are looking for the lowest deposit and withdrawal limits for PayPal betting, Pointsbet allows PayPal users a minimum limit of just $5. At the other end of the scale, Bet365 has a minimum PayPal deposit limit of $40 for Ontario players.
