PayPal betting Missouri

As the first major online e-wallet established in 1998, PayPal has since grown to service over 300 million active users across the globe. Bettors can utilize PayPal to move funds into their sportsbook account, withdraw their winnings, and make other online transactions and payments across Missouri.

PayPal works as a secure online payment system that safeguards your money when moving to or from a merchant or business account. Before using PayPal to fund your betting site, you’ll first need to connect your money’s source to your PayPal account.

Once this is done, you can freely move your money without sharing your banking details with your betting site or any other merchant or service provider.

Creating your PayPal account can be done as quickly as in a few minutes.

You’ll need:

• A device with working internet
• A government-issued I.D. (not always required)
• An active email address
• A cell phone with an active U.S. number
• A funding source (e.g. other PayPal account, bank account, debit/credit card)

Choose your account type

PayPal offers two account types to choose from, business or personal.

Most bettors utilize personal accounts. This account type has little to no fees for transactions, including deposits and withdrawals. It is most often used to pay for goods or services, such as depositing into your sports betting site.

The business account on PayPal has different rules and fees, particularly for receiving money. For example, bettors might be charged a fee if they withdraw their sportsbook winnings into a PayPal business account. Therefore, this account should only be used if you plan to utilize PayPal’s business services and, ideally, should be kept separate from PayPal betting in Missouri.

Link your funds

You can deposit money from PayPal and into your betting account in three ways. The most common method is by connecting a debit or credit card to PayPal. The second way is to connect your bank account directly. Lastly, you may also use your PayPal balance if family or friends send you money from their own PayPal accounts.

Verify and use your account

One of PayPal’s top features is its security when it comes to keeping your financial and personal information safe. To do this, PayPal uses an extensive verification system to make sure it’s really you who is using your account.

You may be asked to verify your email address, phone number, and/or banking method through a series of codes. Once your account is verified, you can use it to your liking.

Remember to instantly update your PayPal account if any of your communication methods change, especially your email or phone number.

All major and reputable Missouri betting sites should offer PayPal as a secure banking method. We’ve analyzed major MO betting operators on their banking methods, betting markets, and customer service to bring you the following top four betting apps that offer PayPal betting Missouri.

FanDuel betting with PayPal

FanDuel is famous for its ongoing promos, sports and fantasy sports betting, and neat layout for user-friendliness. In addition, FanDuel accepts PayPal for deposits and withdrawals in most states. PayPal deposits on FanDuel are received almost instantaneously, while PayPal withdrawals typically take up to 48 hours.

Caesars PayPal sportsbook

Caesars sportsbook is backed by betting giant Caesars Entertainment. With a wide menu of betting markets, Caesars sportsbook knows that its bettors want the option of PayPal for deposits and withdrawals on their betting site. Therefore, Caesars requires that you connect the same PayPal account for both deposits and withdrawals.

BetMGM betting with PayPal

BetMGM continues its great customer service by offering PayPal as one of its banking methods. PayPal deposits are often cleared within minutes, while a PayPal withdrawal of your winnings may take 1-5 business days for completion. While there is no fee associated with PayPal withdrawals, there is a minimum withdrawal amount of $20.

DraftKings PayPal betting site

DraftKings hosts one of the largest online betting communities in Missouri with a wide array of betting markets, competitions, and betting promos. They also facilitate PayPal betting Missouri by accepting deposits and withdrawals to and from personal PayPal accounts without fees. Withdrawals to PayPal typically take up to 3 business days to process.

PayPal betting in Missouri is one of the most popular ways to deposit money into a sports betting account. Since PayPal deposits are usually accessible instantly, bettors can quickly receive the money they need to place their bet, take advantage of a short-term promo, or join the action of live-betting wagers.

To deposit money through PayPal and into your sports betting account, navigate to the betting site’s deposit page. Select PayPal/e-wallet as your method of deposit and enter the amount you’d like to deposit. Your betting site will then take you to the PayPal sign-in page, where you can enter your details and complete your deposit.

PayPal betting in Missouri typically includes PayPal as a withdrawal method, but some betting sites stick to only using PayPal for deposits. Those who do accept it as a withdrawal method typically have a processing time of 1-5 business days before the withdrawal clears on your PayPal account.

Withdrawing with PayPal betting Missouri is as simple as depositing. First, navigate to your betting site’s withdrawal page, select PayPal as your withdrawal method, follow the prompts to your PayPal account, and confirm your withdrawal.

PayPal betting in Missouri is one of the top methods for deposits and withdrawals within online sports betting. Here are the pros describing why millions of bettors choose PayPal every day.

Security

PayPal’s popularity stems from its secure transaction service. While PayPal betting in Missouri, users don’t have to question sites or fear sketchy payment pages; it safeguards your financial information from merchants and providers so that you can have peace of mind while completing your online purchases.

Your account goes through various verification processes to ensure you are the only one making your PayPal purchases. If there are any issues with your account, PayPal will freeze the money in question and investigate immediately.

Privacy

Many bettors prefer using PayPal for greater privacy. Therefore, when you participate in PayPal betting Missouri, the only charge you’ll see on your original funding source will be a PayPal charge. This is great for anyone who wants to keep betting charges off of their bank account, credit/debit card account, etc.

PayPal is also sure to never share your information with third parties unless you previously agreed to do so.

Customer Service

PayPal offers many ways to connect with customer support on their platform, 24/7. You can use their Live Chat Message Service, Live PayPal Community Help Service, or Resolution Center for all inquiries while PayPal betting in Missouri.

Low/no fees

When using a personal PayPal account, you probably won’t encounter any fees for your transactions. This includes deposits and withdraws while PayPal betting in Missouri, as well as other online purchases and transactions between family and friends on PayPal.

Personal PayPal accounts also avoid monthly fees, minimum balance requirements, and maintenance fees.

PayPal credit

PayPal offers a credit line, similar to a virtual credit card. Players can use the PayPal credit for online transactions when they don’t have the money to pay upfront.

There is no annual fee for this line of credit and, if you’re approved, it’s simply connected to your personal PayPal account. You can also use this credit for PayPal betting in Missouri through your online betting site.

PayPay cash and savings accounts

Conversely, PayPal also offers a cash account where you can hold money between transactions. They even have a high-interest savings account option that pays six times the national APY right back into your account.

There are no minimum balance requirements or fees for these accounts. The savings account also offers goal tracking and savings tips to keep you focused on your budget and financial goals, even while PayPal betting in Missouri.

Even though PayPal betting Missouri is one of the most popular banking methods for online sports betting in MO, every method comes with its cons. Here are the downsides of PayPal betting Missouri.

Email requirements

Some sportsbooks require your PayPal account to use the same email you associate with your betting site. This may prove problematic for bettors who utilize multiple email addresses.

Difficult to retrieve account

With so many authentication methods and security measures, PayPal betting in Missouri can be a pain for those who have forgotten their password or changed their phone number. PayPal requires double-verification for many transactions, so being unable to access your email or old phone number could block your account from use.

There are usually ways around these issues, but receiving a solution from PayPal’s customer service could take days pending an investigation.

PayPal betting Missouri withdrawals are not instant

While PayPal betting Missouri is efficient when it comes to betting site deposits, withdrawals are another ball game. MO betting sites often take a few days to process withdrawals through PayPal, so your money isn’t instantly reflected on your PayPal balance.

The sports betting sites are usually to blame for this con, but it’s a negative for PayPal withdrawals nonetheless.

App

Reviews for the PayPay app are all but enthusiastic. However, many individuals discuss issues with contacting customer support for errors around their log-in or certain transactions. The PayPal app launched in 2012 but has still not reached the efficiency level of its competitors.