What is PayPal?
PayPal is a third-party electronic payment processor. To open a PayPal account, please visit PayPal's website at www.paypal.com. Your PayPal account must be linked to your personal bank account and must be verified by PayPal. The PayPal verification process can take 2-3 days to complete. Only one wagering account can be associated with a PayPal account.
How much does it cost to maintain and transfer funds?
There is a $5 service fee for depositing using PayPal. The service fee for PayPal withdrawals is $1. Any transactions returned by your bank or PayPal will be subject to a $25 per transaction service fee. Consult with your bank to find out if additional fees are imposed.
How do I make a PayPal deposit?
A deposit moves funds from your PayPal account to your wagering account. Please review your personal account information before you attempt to set up your PayPal account. This will reduce the possibility that your activation will be denied. Once your PayPal account has been verified, follow these steps to make a deposit to your wagering account:
- From the Bet Now page, select the "+ " next to "Balance" from the top menu bar.
- If a different funding method is defaulted, click on the arrow just to the left of that deposit option - if not, select PayPal from the list of options.
- Enter your deposit amount then click on "Pay with PayPal".
- You will be redirected to PayPal's website and you will need to login to PayPal.
- Select the method of payment used by PayPal that is linked to your bank account.
- Click continue and wait for your deposit confirmation.
What are my deposit limits?
You may deposit up to a maximum of $1,000 / day. PayPal may impose additional limits. You may withdraw a maximum of up to $2,500 / day from your wagering account less any pending deposits that have not cleared the banking system. Players with questions about those additional limits should contact PayPal at (888) 221-1161.
What type of transactions are PayPal deposits and withdrawals?
Our PayPal funding option is PayPal Fund or ACH Only! No Credit Card. If a credit card is attached to your PayPal account it will not allow it to be used. The funds must already be in the PayPal account balance or it will be pulled from the PayPal verified Bank Account on file. All transactions are documented by PayPal as payment for goods and services sold. These transactions are subject to 6050W reporting. For more information please visit https://www.paypal.com/webapps/mpp/irs6050w.
What does ACH mean?
ACH is an acronym that stands for Automatic Clearing House. The ACH Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system, governed by the NACHA Operating Rules which provide for the interbank clearing of electronic payments for participating depository financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.