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PayPal is one of the largest electronic wallets active in the United States. For NewJersey residents, PayPal is another option for depositing money at any of the Garden State’s many gaming sites.
However, since the demise of PASPA, another branch of gambling sites have come into New Jersey. There are now several NJ online sports betting sites accepting wagers on games and matches.
PayPal is widely found, but not a universal deposit method. With that in mind, here are all the New Jersey gambling sites that accept PayPal.
Go to: PayPal Casinos * PayPal Sportsbooks * PayPal Poker Sites
NJ gambling sites with PayPal
What NJ online gambling sites offer PayPal as a banking method in 2020? The list is a long one. See our table below for a list of the opening bonuses at some of these top sites.
Learn more about all of the deposit and cashout options at NJ online casinos here.
How to use PayPal at New Jersey online casinos and sportsbooks
For starters, you need to have a PayPal account.
To use PayPal for depositing funds into your NJ account, first, you must make sure the site accepts PayPal. If it does, you will also need to have a personal PayPal account.
If you don’t yet have a PayPal account, it only takes a few minutes to open one. Be sure you open a PayPal personal account rather than a premier or business account.
This account must be in your name and linked to one or more specified bank account that is also in your name.
You cannot make a sportsbook or casino deposit using a PayPal account owned by a family member or friend.
Also, you must use the same email address for your PayPal that you use for the sportsbook. And, of course, you must have enough available funds in your PayPal account to cover the amount you intend to deposit. Otherwise, the transaction will be declined.
Specific steps you need to follow
Once all of the above criteria have been satisfied, the steps you need to follow to deposit at an NJ online sportsbooks using PayPal are:
- Log in to the home page of the NJ gambling website where you wish to use PayPal.
- Go to the “Cashier”page, click on the “Deposit”link and select PayPal as the deposit method.
- Enter your PayPal email address and password as directed on the website.
- Enter and confirm the amount you wish to deposit and claim your bonus, if applicable.
You can make your deposit either directly from your PayPalbalance or with the bank account that is linked to your PayPal account. As soon as your deposit is accepted and approved, you will receive a confirmation from the sportsbook.
The whole process should proceed quickly and smoothly. However, if you run into any problems, customer support can help.
By the way, as long as you are using PayPal as your deposit method, you will be able to use PayPal to make withdrawals, too.
Do NJ online casinos and sports betting sites accept PayPal?
Yes, there are 16 licensed sports betting sites available to serve players in New Jersey, and 10 online casinos accepting PayPal. PayPal is a convenient way to fund your betting account. Also, it can come in handy for withdrawing your winnings.
So, the good news is that players who are in regulated online gambling markets, including New Jersey and Pennsylvania, can use PayPal as an option for deposits and withdrawals.
Here is the full list of PayPal gambling sites:
NJ Casinos accepting PayPal in 2020
In total, PayPal is accepted by at least 12 NJ online casinos to date:
Withdrawals via PayPal are available to players that use the method to make a deposit.
NJ online sportsbooks with PayPal
Below are the sites that currently offer PayPal:
- Hard Rock Sportsbook
NJ online poker rooms with PayPal
Only a few NJ online poker sites accept PayPal:
- Pala Poker
How to add funds to your PayPal account
Using PayPal for online sportsbook deposits is faster when your PayPal account is already sufficiently funded.
Otherwise, you have the following options to fund to your PayPal account:
- Direct bank transfer
- Transfer from another e-wallet
Direct transfers from your bank account can be made by electronic check or wire transfer. PayPal does not charge any fees for these transfers. However, there may be fees assessed by your bank for wire transfers or by the other e-wallet initiating the transfer.
You cannot use a credit card, such as Mastercard or Visa, to fund your PayPal account for gambling purposes in the US.
Once you have your account set up, you will need to login to the casino / sportsbook cashier and initiate a transfer. Deposits with PayPal are instant.
How to use PayPal to cash out winnings
As long as you used PayPal as your method of deposit, you can also use it to make withdrawals.
Here is the procedure you will need to follow:
- Log in to the home page of the NJ gambling website where you wish to use PayPal.
- Go to the “Cashier” page, click on the withdrawals, and select PayPal as the method of withdrawal.
- Enter and confirm the amount you wish to withdraw and where you would like the money to go.
You have three options:
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- Transfer to your bank account (no fee).
- Transfer to your PayPal debit card (small fee).
- Check by mail (small fee).
If you need the money right away, your best option is to transfer the funds to your PayPal debit card. Then, you can get the cash from an ATM or use the money for purchases almostimmediately.
If you transfer the money to your bank, it generally takes one business day for the funds to show up in your account. The slowest withdrawal method is check by mail, which could be more than a week.
Pros and cons using PayPal
PayPal is one of the many alternative methods you can use to fund your NJ online gambling account.
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And, like the others, it has advantages and disadvantages. However, in terms of convenience, security, and reliability, PayPal is one of the best options available.
PayPal advantages
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- Security: PayPal is a licensed money transmitter using the same encryption technology, and the same rules and regulations as banks in the US. In other words, your money is as safe using PayPal as it is with any bank in the US.
- Trusted brand: As the oldest e-wallet in existence, PayPal has years of experience in facilitating financial transactions for US consumers.
- Convenience: It’s an extremely versatile method of payment that is widely accepted by merchants worldwide and is available for all types of purchases. Using PayPal for deposits and withdrawals at your favorite New Jersey online sportsbook is another excellent way to use PayPal.
- Fast and reliable: You can transfer money from your PayPal account to your sportsbook account or from your sportsbook account back to your PayPal-connected debit card instantly.
- Works for a vast range of amounts: PayPal accepts an extensive range of amounts for both deposits and withdrawals, from very small to very large.
PayPal disadvantages
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- Can’t be a business account: If your existing PayPal account is a business account, you will have to open a separate personal account before you can use PayPal at an online sportsbook.
- Can’t use a credit card: You can’t use credit cards to fund your PayPal account for online gambling.
- Can’t withdraw if you didn’t deposit: You can only use PayPal as a withdrawal method if you used PayPal as your means of deposit.