Skrill is another popular e-wallet that is very similar to PayPal. This means that your profit will only be $6.80. Then you will need to add $3.20 to the cost of this wager thanks to PayPal’s fees. Let’s say you want to place a wager of $100 at relatively low odds, that if you win, would get you a $10 profit. Consĭeposit fee → Any service will eventually cost you, and although PayPal’s 2.9% deposit fee and $0.30 fee is nothing excessive, it can add to the total cost of a wager. However, PayPal withdrawals - although they may take a few days - are seamless.Īvailability → every major licensed online sportsbook uses PayPal in the country. With traditional Visa/Mastercard transactions, you might be able to get your money in, but it is extremely difficult to get your cash out.

High withdrawal rate → When selecting PayPal as our number one payment option, the deciding factor was the ease and success rate of withdrawals using the payment platform. There is also the fact that there will be three layers of security if you use PayPal as you will still be transferring cash between your bank and your sportsbook, which will also have their security systems in place. If you use PayPal, not only are your payment transfers incredibly secure sportsbooks any other affiliates cannot access your data. Safe & Secure → PayPal uses one of the most sophisticated encryption and authentication technologies in the world. PayPal also has an app that is incredibly easy to navigate. The sign-up, in particular, couldn’t be easier as you only need a valid email address to get started. The payment platform is used by millions of people worldwide and takes only a few minutes to become acquainted with. ProsĮasy-to-use → many of you will already be familiar with PayPal’s service. This payment provider is the most popular payment service used by sports bettors in the US, and for a good reason.

Draftkings deposit methods