PayPal may be the primary e-commerce option for millions of people from all over the world, but that doesn't change the fact that the company doesn't really have much of an impact on payment processing in the online gambling industry. PayPal is a subsidiary of eBay and is based in the United States, so the company is very cautious when it comes to cooperating with online sportsbooks. Consequently, the number of sites that support PayPal deposits and cash outs is extremely limited. Despite the fact that is is probably the most used ewallet financial service around the world, you simply don't find that they have much of a presence when it comes to online gambling. We are confident that this will change as they are beginning to slowly emerge as a viable UK sportsbook deposit method, which many of us is hoping is just the beginning.

While USA customers are welcomed by PayPal, Americans are unable to use their account for processing any type of online gambling related transactions. PayPal is very vigilant in their limitations in this respect, and have effectively derived methods for making sure no transactions of this nature are processed for US players. They are not alone as there are not any ewallet sportsbook deposit methods that are present in the US gambling market. We can recommend that US players visit our page on USA sports betting deposits to gain access to the most reliable and secure US friendly online gambling banking methods.

Update: In Aug 2014, there was some buzz that Paypal may re-enter the USA gaming market. It is unclear whether or not this will come to pass, but they are definitely considering it. One thing to keep in mind if they do re-enter the US gaming market is that it would likely only be offered by state regulated online casinos or poker rooms in New Jersey, Delaware and Nevada, the only 3 states currently offer legal online gambling. And it certainly won't be offered as an option by any offshore sports betting site as Paypal adheres to strict laws. So suffice to say that USA players looking to utilize Paypal as a way to fund an online sports betting account are going to be disappointed.

Fortunately, making a PayPal deposit is definitely easier than finding a site that supports PayPal payments. All you need to do is visit the cashier menu, pick PayPal from the list of available deposit methods, adjust the amount of money that you'd like to transfer and confirm the transactions. PayPal transactions are processed instantly, so you should be able to start placing bets as soon as you return to the sportsbook section of your gambling site. Finally, it is worth pointing out that PayPal payments are completely free of charge.

Requesting a PayPal withdrawal isn't all that different from making a PayPal deposit. Unlike PayPal payments, PayPal cash outs aren't instantaneous and usually take up to 24 hours to process. Just like PayPal deposits, PayPal withdrawals are completely free of charge. Please note that in most cases, PayPal payouts will be available exclusively to players, who used this e-wallet to fund their accounts. In fact, most sportsbooks will require you to use PayPal for cashing out if you've deposited using this service. The transactions are free of charge, however you will be charged a fee when you withdraw the funds from your PayPal account.

Signing up for a PayPal account is fairly straightforward, but you should keep in mind that you'll require a valid e-mail address and a bank process to complete this simple process. All you need to do is open the account registration page, select Personal Account, choose the country that you live in, complete a simple form, register and confirm your bank account and that's it – you should be 100% ready to use PayPal to deposit to a PayPal-friendly online sportsbooks.

PayPal accounts can't be funded using a credit card, which means that the only way to add money to your PayPal account is to use a confirmed bank account as an echeck or using the debit card associated with your bank account, which in most cases is a Visa or MasterCard branded debit card. In order to transfer your money to your PayPal account, you have to log in, click the Add Money button, pick the bank account that you'd like to use, adjust the amount of money that you'd like to send and confirm the transaction. Please note that the money won't be credited to your balance immediately – in most cases you'll have to wait 2 or 3 days. You do not have to fund your PayPal account ahead of time in order to transfer money. You can set your account up so that it uses your bank account's debit card to make an instantaneous transfer, eliminating the delays associated with funding your PayPal account ahead of time. The option you choose is a matter of personal preference.

Cashing out from a PayPal account isn't all that different from making a payment. All you need to do is click Withdraw, choose the bank account that you'd like to transfer the money to and confirm the transaction. It is worth pointing out that unlike Neteller, PayPal doesn't offer any prepaid cards, which means that you won't be able to withdraw your money directly from your on-site account via an ATM. Consequently, each time you cash out to PayPal, you'll have to wait 2 or days until your money arrives on your bank account. PayPal does offer a MasterCard branded credit card as well as a PayPal Smart Connect which is a line of credit that can be used anywhere that PayPal is accepted. These two credit options are separate services from the PayPal ewallet service.

You can get more information about PayPal's financial services and what they have to offer you by contacting them using any of the following methods:

Paypal Official Website: www.PayPal.com

Paypal Email Contact: Use Internal Contact Form

PayPal Phone Contact: -402-935-2050