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Legal sports betting is now live in Colorado. Sportsbooks were given the green light to launch their online platforms on May 1, 2020.
One of the many important factors for players who want to bet online is how they access their funds. Being able to deposit and withdraw money quickly and efficiently is crucial.
One of the most popular banking methods to use at any online betting site is PayPal. This page will provide residents of the Centennial State key information on how to transfer funds from this e-wallet into their sportsbook account. This removes the need to use a credit or debit card, which the bank may decline. You may be wondering which online betting sites & CO betting apps accept PayPal? Read more to find out!
Below you will find a list of online betting sites and mobile apps in Colorado that accept PayPal. These sports betting platforms will give players the chance to check out the latest scores and odds of all of the major sports and withdraw their funds easily through PayPal.
Best Colorado Sportsbooks accepting PayPal:
We are expecting this list to grow as more operators launching the state in the next coming months. We are excited to see the offering from betsson who recently partnered with Dostal Alley Casino.
MGM is one of the biggest and most respected names in the gambling world. Their online platform is one of the most popular sports betting destination for bettors in the US. BetMGM Sports cover a massive range of sports and have one of the easiest sites and apps to use.
A name that needs no introduction. DFS provider turned sportsbook is one of the giants in the US gambling scene. FanDuel sportsbook provides wagering opportunities online, mobile, and retail sportsbooks across several states and is one of the most well-known books accepting PayPal in Colorado.
The leading name in DFS, like FanDuel, moved into sports betting back in 2018 and hasn’t looked back. DraftKings CO Sportsbook has one of the most popular sportsbooks in the regulated states and will be looking to become Colorado’s #1 sports betting site and app.
When it comes to sports betting in Colorado, BetRivers is a name you can trust. They have established themselves as one of the premium online sportsbooks in Pennslyvania and Indiana and are now looking to make their mark here in Colorado.
PointsBet is the latest sportsbook to launch in CO that accepts PayPal. The book started in Australia and has made its way over to the US. First launching in NJ, the operator is now online in 5 states.
Withdrawing from the operator via PayPal is easy. Just log in to your account, select withdraw from the dropdown menu, then select PayPal. Enter the amount and you want to withdraw, then click the yellow ‘PayPal’ bar.
The above sportsbooks are the best PayPal betting sites in Colorado. As the online betting market in the Centennial State develops, we are sure new PayPal betting sites will launch and provide residents and visitors with even more betting options.
If you are not familiar with online baking methods, you may be unsure of what PayPal offers. This digital wallet has been around since 1998, where it initially started life as a straightforward online money transfer platform. PayPal works as a third-party payment processor and allows fast and anonymous financial transactions across sports betting websites and online casinos.
Before using this service, you will need to create a PayPal login. It is simple to create an account; you will need to provide some details such as your email address and name then enter a username and password. Once you have registered, you can fund your PayPal account with money from various sources such as debit cards or bank transfers. You then have the opportunity to move these funds to wherever you want.
As technology advances and customers want access to resources immediately, PayPal quickly grew in popularity due to its speedy nature. Betting sites that accept PayPal are now common in the USA and around the world. As the payments are encrypted, they will not appear as gambling transactions in bank accounts. In the USA, PayPal betting sites can be found in states where online gambling is legal such as Colorado, New Jersey, Pennsylvania, West Virginia, and Michigan.
Betting sites that accept PayPal in Colorado will offer players numerous benefits. First, PayPal is one of the most common e-wallet providers for online sportsbooks. It is a surprise if legal sports betting websites do not offer PayPal as a standard payment option. PayPal also has a cash app, and you can make transfers via your mobile device to an online sportsbook.
Furthermore, PayPal offers instant deposits and quick withdrawals at sports betting online platforms. When you transfer your funds from PayPal, they will appear instantly in your sportsbook account. Withdrawals can take up to 24 hours to appear; however, this is still far quicker using a debit card or bank account. Another plus point is there are no associated fees with transferring money from a PayPal account to a US bank account.
Additionally, PayPal offers anonymous online payments. Many sportsbooks in the US still encounter issues when attempting to process credit and debit card payments, even in regulated states like Colorado. Some banks have a problem with gambling transactions and will block them. However, this worry is removed when using PayPal as you can transfer the cash anonymously to your sportsbook account. Residents of Colorado can also claim a PayPal credit card. The e-wallet provider has a range of debit, credit, and prepaid cards. These are beneficial as you can earn 2% cash back on PayPal MasterCard cards.
If you are looking to open a sports betting account with a sportsbook in Colorado, we would advise looking for one that offers PayPal as a payment option. It may not be suitable for you, but if you are looking for a reliable and fast payment provider, it ticks those boxes.
One of the great aspects of using PayPal is how easy it is to use. If you have decided you want to deposit using PayPal, follow the below steps to get up and running.
Create a PayPal Account: The first thing you need to do is sign up for a PayPal account. You can do this by going directly to PayPal’s website or download the app on your mobile device.
Enter Contact Details: You will be required to provide an active email address and create a password. PayPal will also ask you for some personal information, such as your home address and cell number.
Add Cards to Account: The next stage is adding debit or credit card numbers to your e-wallet account to transfer funds later. You can also apply for a PayPal credit card.
Verify Account: You will need to complete the verification process for security. You will receive an email to the address you entered with a link. Once you have clicked the link, the funds will appear in your PayPal account.
Transfer Funds to Betting Sites
Once your PayPal account has funds, you can then transfer them to your sportsbook account. In the cashier section of the sportsbook website, select the PayPal option. Then enter the amount you wish to deposit, and the sportsbook will redirect you to PayPal. This gives you a chance to make sure the amount you entered is correct. If you are happy, click ‘send money now,’ The funds will appear instantly in your sportsbook account.
Most online sportsbooks in Colorado do offer PayPal as a payment method. There may be some limits, such as a minimum of $10 or a maximum of $10,000 a day.
There are no fees charged by sportsbooks if you decide to use PayPal. However, PayPal does charge 2.9% to deposit using a credit card or debit card. There are no added fees using an existing PayPal balance or online bank transfer.
There is a range of sportsbooks that accept PayPal in Colorado. Our pick of the best betting apps and sites includes BetMGM Sports, FanDuel Sportsbook, DraftKings, PointsBet, and BetRivers.
Yes. PayPal transactions are protected using EWP (Encrypted Website Payments). This ensures personal account details are encrypted when funds are sent across the internet.
Yes. Typically, you will only be able to withdraw money to a PayPal e-wallet if you have used it to deposit. This removes any accusations of fraud.