If you are looking for betting sites that accept PayPal in Canada and Ontario, we’ve got good news for you. The majority of Ontario sportsbooks online support PayPal deposits and withdrawals and we’ll show you how to use them.
PayPal is one of the most popular payment methods with Ontario online gamblers because it offers you fast withdrawals, instant deposits and the highest levels of security. This article will take a look at the pros and cons of betting online with PayPal and introduce you to the best sportsbooks where you can use it.
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:
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.
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.
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.
In order to start betting online with PayPal in Ontario, you are going to need to complete three steps:
If you don’t have one or both of these yet, here is what you need to do to get started:
First of all, you need to complete these steps to open your PayPal account:
This process differs slightly between the various betting sites that accept PayPal in Canada. However, the process more or less goes like this:
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:
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:
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|
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.
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.
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.
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.
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.
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.
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.
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.
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:
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:
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.
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.
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.
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.
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Players must be 19 years of age or older to reach the minimum age for gambling in Ontario. Please play responsibly - Gambling can be addictive. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) www.igamingontario.ca ; or (b) www.connexontario.ca .
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