Csgo Paypal Gambling
There are plenty of CSGO gambling sites that accept PayPal amongst other payment options, and this means that you can add funds to you account with the e-wallet, and also withdraw your winnings in a safe and secure manner. With the increasing popularity of CS:GO and in-game skins in the last several years, a independent ‘skin gambling’ industry has reached the surface. On a monthly basis millions of people bet their CSGO skins on third-party gambling websites, and in 2016 alone the CS:GO skin gambling industry was worth over 5 billion dollars. CSGO Gambling primarily involves betting on the outcome of professional tournament matches, or betting on more traditional casino games such as roulette, coinflip.
Welcome to our guide for esports betting with PayPal. If you’ve ever wanted to bet on esports, PayPal offers a great option as it’s safe, fast and allows you an easy way to focus on getting the best value for your CSGO bets. We won’t just show you how to enjoy some basic PayPal betting, but will also highlight some of the top esports betting sites that accept this payment method too.
There are plenty of different payment methods that you can use for CSGO betting, but we want to show you exactly why esports betting with PayPal could be a particularly strong option. In addition to this, we will also outline some potential drawbacks to PayPal betting, so that you can make an informed choice about using this payment method.
So read our full guide to esports betting with PayPal to find out more:
- Find the best CSGO gambling sites that accept PayPal
- Learn how to make an esports bet with PayPal
- Withdraw your winnings back to your PayPal account
What is PayPal betting?
PayPal is one of the best-known e-wallets in the world. E-wallets aim to give their users an easy and safe way to make online payments, and since PayPal was launched in 1998, it has remained a hugely popular payment method. With over 254 million PayPal accounts currently active as of 2018, it seems that many people enjoy using the e-wallet to do everything from paying bills to buying consumer goods.
There are plenty of CSGO gambling sites that accept PayPal amongst other payment options, and this means that you can add funds to you account with the e-wallet, and also withdraw your winnings in a safe and secure manner. As such, making an esports bet with PayPal should be similar to using any other payment method from a debit card to a bank transfer. But we are now going to show you why esports betting with PayPal could have a range of benefits.
Why you should make an esports bet with PayPal
If you’ve ever wanted to bet on esports, PayPal is a great option. Here are few quick reasons as to why you might want to consider using PayPal to fund your CSGO bets.
Make speedy withdrawals with PayPal
Firstly, PayPal is very fast and gives you a much quicker way to get your hands on any winnings generated by your CSGO bets. Whilst withdrawals made to a credit card, debit card or bank transfer can often take up to seven working days to reach your bank account, most PayPal withdrawals can be carried out instantly, and so it’s often just a matter of waiting a few hours to get your hands on your well deserved winnings.
PayPal is a good option for those new to CSGO betting
Secondly, PayPal is incredibly easy to use. By signing up to one of the many CSGO gambling sites that accept PayPal, you can simply make your first deposit by linking the site to your PayPal account, and from there you can easily make effortless withdrawals and deposits with just a click of a button.
PayPal puts your online safety first
By keeping your betting budget separate from your regular bank account with PayPal, it means that there’s little chance of you accidentally dipping into your regular funds to make a CSGO bet. In addition to this, you can make a PayPal CSGO deposit just by entering your email address and your password. This is much safer than using a credit or debit card that requires you to enter your card number and other important financial information that could be exposed to third parties. PayPal also offers full encryption which means that there will be full security on all parts of the transaction and you won’t have to suffer any annoying transaction fees either.
In a nutshell:
- Fast withdrawals
- Easy to make deposits
- Secure transactions
- No processing fees
Top CSGO gambling sites that accept PayPal
We’ve hopefully shown you that if you want to bet on esports, PayPal represents a great payment option. But whilst PayPal is a hugely popular global payment brand, it seems as though it has yet to be facilitated by a handful of sports betting sites. So we’ve gone to the trouble to highlight a small selection of great bookmakers who not only include PayPal amongst their payment options, but also have an excellent esports betting service too.
Betway
This innovative sportsbook caused shockwaves through the esports betting scene when they decided to sponsor the Ninjas In Pyjamas esports team. But it looks like that wasn’t just a token gesture as the brand have also sponsored the Brazilian esports organisation, MIBR, and have earned an excellent reputation for their esports odds. Not only does Betway include competitive CSGO odds for everything from CSGO to other iconic esports like Dota 2, LoL and StarCraft, but they also include great esports specific promotions that can give you a boost on your CSGO or Dota 2 bets. So if you want to enjoy betting on CSGO at a fully licensed site with PayPal, then give Betway a try.
- Competitive CSGO odds
- Great esports betting promotions
- Takes PayPal deposits and offers speedy withdrawals
TonyBet
TonyBet might be renowned for their poker games and sports bets, but they have also introduced a very promising esports betting service. Alongside bets for CSGO, you can also wager on top games like League of Legends and Dota 2. With a user-friendly website and a great TonyBet app, you won’t have a hard time in making plenty of bets on CSGO here. The brand make it nice and easy to set up an account, and from there it’s very simple just to link up your PayPal to fund your CSGO betting, just don’t forget to take advantage of the TonyBet welcome bonus.
- User-friendly esports betting site
- Great odds for many CSGO competitions
- No processing fees for PayPal deposits or withdrawals
William Hill
With strong odds for esports, PayPal facilities and that all-important UK Gambling Commission license, it’s no surprise to find William Hill on our shortlist of top PayPal bookies. Although the brand are famous for their sports bets, we have found that William Hill give you decent match winner odds for all CSGO tournaments from the ESL Pro League to the Noxfire competition. The sportsbook make it simple to place a deposit direct from your PayPal account, and everything from their customer service team to their high betting limits means that William Hill are a good choice for your esports bets.
- Make a safe PayPal deposit at William Hill
- Licensed by the UK Gambling Commission
- Decent match-winner CSGO odds
888sport
888sport are another traditional sports betting site who have jumped on the esports bandwagon. With a decent amount of odds for iconic esports like CSGO, LoL and Dota 2, we have seen 888sport become an increasingly popular choice amongst gamers. Alongside their user-friendly PayPal payment options, the brand features a great customer support team, a UK Gambling Commission license and some great promotions to add a little extra to your esports bets. All in all, another worthy addition to our list of top esports bookies with PayPal facilities.
- Covers most top CSGO tournaments
- Easy to make PayPal deposits and withdrawals
- Helpful customer service team
Things to factor in your choice of CSGO gambling sites that accept PayPal
It’s not just the provision of PayPal that should determine your choice of CSGO betting site. Be sure to check whether the brand implements any irritating processing fees and make sure that they are able to provide swift and effortless withdrawals. We would also recommend that you make sure that the betting site is fully licensed from the likes of the UK Gambling Commission or the Malta Gaming Authority.
Other factors to consider could be how responsive the betting site’s customer service team are, and you should also double-check what kind of betting limits the brand has in case you get lucky and winning a particularly large CSGO bet.
Obviously, you should check to see whether the betting site has competitive odds for a variety of different CSGO markets. Plus we have seen a few betting sites who even have a free live streaming service which can be a great way to make a better-informed in-play esports bet. Similarly, it’s a good idea to make sure that any welcome bonuses can be used for your CSGO bets too.
Some drawbacks of esports betting with PayPal
Before you rush to create your own PayPal account, we should mention a few reasons as to why this e-wallet might not be best-suited for your CSGO betting needs.
PayPal is not facilitated by all esports betting sites
Whilst you can expect to find PayPal featured at many of the bigger traditional sports bookmakers, it’s also true that this e-wallet might not be found at many more specialist esports betting sites. As such, it means that you could be limited in the scope of CSGO betting odds if you decided to use PayPal as your preferred payment option.
PayPal sometimes cannot be used for welcome bonuses
Many betting sites have welcome bonuses for new customers that require you to make a qualifying deposit in order to activate the bonus funds. However we have often seen how deposits made with e-wallets like PayPal, Neteller and Skrill are repeatedly declared invalid for these welcome bonuses. So be sure to check through the bonus terms and conditions before you sign up to any of these offers.
What other payment methods can you use?
Of course, there are many other ways to fund your CSGO betting if you don’t want to use PayPal. Here is a quick look at some of the most popular other payment brands that can be used for esports betting.
Credit or debit card
Credit and debit card brands like MasterCard and Visa are by far the most popular ways to add funds to your betting account. As a result most bookmakers have provision for credit and debit cards, but beware of some slow withdrawal times.
Other e-wallets
Skrill and Neteller are other popular e-wallets that feature on many esports betting sites. Whilst you can’t always use a Skrill or Neteller deposit to claim a welcome bonus, these are both safe and speedy ways to fund your CSGO betting.
Prepaid cards
Many esports fans have realised that prepaid cards like Paysafecard give you an easy way to keep your betting budget separate from your regular bank account. Sadly you cannot make withdrawals back to a prepaid card.
Bank transfers
Finally we should mention that many betting fans still like making an old-fashioned bank transfer. Like credit and debit cards, bank transfer withdrawals can take a long time to process but it’s nice to have another option.
PayPal is one of the most popular ways to deposit and withdraw at online betting sites. The easiest way to deposit to a bookmaker, casino or poker room by PayPal is through an existing balance. This can be received through a transfer from a friend or a sale over the internet at an auction site such as eBay.
There are several other ways to fund a PayPal account. An instant electronic check may be drawn directly from a bank account. Large transfers are available through bank wires. European bettors may also use a credit or debit card, including the PayPal Extras Mastercard. Players in the US may not use a credit or debit card to fund an account at a regulated poker or casino site.
Paypal betting sites & sports betting apps
If you’re in New Jersey, Pennsylvania, Indiana or West Virginia and you want to use PayPal to bet on sports, you’re in luck. A number of online sports betting apps and sites use PayPal
PayPal betting FAQ
Can I use PayPal on betting sites?
It depends on where you are. PayPal only allows deposits to sites that are fully licensed in their resident jurisdictions.
So, residents and visitors to Nevada and New Jersey can use PayPal because those states allow PayPal as an option. Similarly, countries outside the US can elect to allow PayPal as a payment method for their online gaming sites.
However, in unlicensed areas, such as most of the states in the US, PayPal cannot be used on betting sites.
Can you buy Bitcoin with PayPal?
No. PayPal does not allow users to purchase Bitcoin or other cryptocurrencies at this time.
Are there fees associated with using PayPal at online betting sites?
Online betting sites do not charge a fee to deposit with PayPal. PayPal charges 2.9% to deposit using a credit card or debit card. There is no fee to use an existing PayPal balance or an electronic funds transfer from a bank account.
Can you deposit using PayPal if you don’t have a PayPal account?
Players must create an account with PayPal to use it as a deposit method. It is a quick and simple process that only takes a few minutes.
Can you use a family member or friends account to deposit via PayPal?
No. A PayPal account used to deposit at a betting site must belong to the account holder.
Why don’t I see PayPal as a withdrawal method?
PayPal will appear as a withdrawal option once a successful deposit using the method is made.
How do I withdraw from PayPal?
PayPal withdrawal options include electronic check and check by mail. PayPal has a debit card that may be used at any retailer that accepts credit cards. It can also be used to withdraw cash from an ATM.
Are there any online casinos that accept PayPal?
Yes. Within in the US, some online casinos in Nevada and New Jersey accept PayPal.
Outside the US, several countries accept PayPal as a deposit and withdrawal method. Please check each casino website’s frequently asked questions for more specific details about banking methods at that site.
Is PayPal a safe way to deposit at betting sites?
Yes. PayPal is just as safe as using any other ewallet. It is safer than using a bank account directly as it provides an additional layer of security between the betting site and the player’s financial information.
What are the advantages and disadvantages of using PayPal?
PayPal offers instant deposits. Credit cards, debit cards, and electronic bank transfers are among the deposit options. Players can also use PayPal for traditional purchases and eBay sales, making it more useful than some of its competitors. PayPal balances can also be created by receiving a transfer from a friend or business. The main disadvantage of PayPal is that there are deposit fees associated with credit card deposits. Withdrawals can be slower than other ewallets.
What countries are allowed to use PayPal?
PayPal is available for betting sites in Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Sweden, and the UK. Nevada and New Jersey players may use PayPal for online gaming deposits in the US. PayPal is also a deposit method for horse racing sites in the United States.
Why can’t US players deposit at a betting site using PayPal?
PayPal only permits gambling transactions in jurisdictions where it is licensed. That is why it is available in Europe. Countries license online betting sites. Nevada and New Jersey online gambling sites are also permitted to use PayPal as a payment option. The online sports betting sites available to players outside of Nevada are not licensed. They are located offshore. PayPal refuses to do business with those sites.
Didn’t PayPal once process payments for offshore sites?
Yes. PayPal was once the main ewallet for offshore gaming sites that accepted US players. This included poker, casino, and sports betting. The company processed these payments from 2000 until November 2002. PayPal paid a $10 million fine to the US government for these transactions in a civil action.
Why do DraftKings and FanDuel accept PayPal?
DraftKings and FanDuel are daily fantasy sports sites. These businesses are considered to be skill gaming under most state laws. PayPal’s legal opinion is that processing payments for FanDuel and DraftKings are legal in all jurisdictions that it operates.
Can you use PayPal on bet365?
Yes. Many countries that host bet365 allow players to make deposits and withdrawals with PayPal
Can you use PayPal on 888?
Yes. When you are about to deposit you will be directed to a PayPal login page. Simply enter your email and PayPal password to access your account.
Does betway accept PayPal?
Yes. betway does permit PayPal as one of its banking methods. However, it may be necessary to open a PayPal account specific to the country in which one’s betway account resides.
History of PayPal in online betting
PayPal was the first major ewallet on the Internet. It allowed individuals the ability to send money to a company or another person. It became the most popular way to purchase an item on Ebay. It was also the top choice for online gambling sites that accepted Americans, although it was a trivial amount of PayPal’s total business.
Online gambling transactions accounted for about eight percent of PayPal’s entire processing business in 2002. PayPal had little business outside North America at the time. That has changed drastically and PayPal is now an international company that processes payments in over 100 countries.
eBay acquired PayPal in 2002. The company has since split and became two different companies in 2015.
eBay purchases PayPal
PayPal stopped processing online gambling payments almost immediately after the 2002 merger. This left the US online gaming market with a massive void. Firepay and Neteller quickly came to the rescue. Both of these companies ran into legal trouble in 2006 and 2007, respectively.
The combined company became the target of a federal investigation into its online gambling payment processing in 2002, even though PayPal was an independent company when the alleged transactions took place. The company agreed to pay a $10 million civil settlement to dispose of the case in US Court in the Eastern District of Missouri. The amount was estimated to equal the amount of profit PayPal made during the two years it processed online gambling payments.
PayPal returns to online betting
PayPal stayed out of the online betting business until 2009. That is when the company decided to start processing payments again for the online gaming industry. The difference is this time around, the sites PayPal did business within the sector were fully legal and licensed in the jurisdictions where PayPal processed payments. This generally meant that the United Kingdom was the only country where PayPal was available as a deposit and withdrawal option.
Betfair was the first online betting site to use PayPal in Europe. Maybe not coincidentally, Betfair never accepted US players for any of its offerings, even before the Unlawful Internet Gambling Enforcement Act went into effect in 2006. Before that time, virtually every online gambling site accepted US players.
Betfair is known as a betting exchange. It differs from a typical betting shop as it allows players to set buy and sell prices similar to a commodities or stock market. Betfair takes a percentage of the win. This gave PayPal a unique entry into a complicated industry.
It was not long before other UK sportsbooks got approved by PayPal to use it for payment processing. Bet365, Ladbrokes and William Hill were among the companies selected to expand PayPal’s European online gaming business. Other online gaming companies that accept PayPal include 888, bwin, PartyPoker and Paddy Power. PayPal continued to only permit its use for online gaming purposes in countries where the activity is specifically legal and licensed.
Bet365, Ladbrokes and William Hill are among the strongest online gaming brands in the world. Each specializes in sports betting with online poker rooms and casinos falling secondary to the main business. All three started out as live betting shops throughout the UK. Each started to move its business to the Internet in the mid-2000’s during the online gaming boom. Bet365 sold its bricks-and-mortar betting shops in 2005. Ladbrokes and William Hill continue to operate them, lending even more credibility to the online business.
PayPal continued to operate its eBay and person-to-person business in the US. This included payment processing for traditional online businesses. It also permitted some uses within the skill gaming sector. This includes Worldwinner, a skill-based site owned by GSN. Worldwinner also processed payments to less traditional skill gaming sites that include Gamesgrid’s backgammon games and duplicate card games like spades, bridge and poker. Duplicate cards deal all players the same cards and score based on the difference in points between the participants.
PayPal enters daily fantasy payment processing
The next big move in the US for PayPal was daily fantasy sports. The contests are believed to fall under skill game laws in as many as 45 states, although there is some debate about the exact number where it is legal. Nonetheless, PayPal processes deposits and withdrawals for all sites in all states where daily fantasy companies operate.
Skin Gambling Csgo
New Jersey, the next step for PayPal
Cached
The next step for PayPal in the online gambling industry came in 2015. That is when PayPal and Caesars Interactive Entertainment started processing online poker and casino payments for WSOP.com and Nevada and New Jersey, as well as 888, Harrah’s Casino and Caesars Casino.
PayPal continues to be the largest ewallet in the world. Its movement back into the online betting industry helped it compete with Neteller and Skrill in Europe. Becoming a processor for big names like Betfair, Bet365, Ladbrokes and William Hill helped give it brand awareness in other countries where it may not otherwise have received the attention from players.