Listings of the best online sports betting sites that accept Paypal deposits and withdrawals with detailed information on how to use Paypal for betting. PayPal Betting Sites. PayPal is a form of electronic storage for your cash. Add or remove funds to or from your normal bank account into your digital PayPal. Includes a complete guide to finding online gambling sites that accept Paypal deposits and withdrawals. Includes reviews and poker bonuses for new players. Only the person with the name on the PayPal account can legally make deposits to online betting sites. Here is our Top 5 List for PayPal Betting Sites: Search through the deposit options until you find the required option and select. Never miss a trick! Our payout guide will tell you how to spot casinos with fast payouts.