PayPal Frequently Asked Questions
The below points are specific to US labels.
1. What is
PayPal?
PayPal is a fast and secure online 3️⃣ payment solution. It provides instant cash
transfers to and from merchant sites.
2. Do I need to open an account with 3️⃣ PayPal to
deposit?
Yes. You must open a free account in order to make a deposit using PayPal.
Signing up with 3️⃣ PayPal is fast and easy: Open your account today.
3. Can I use my
existing PayPal account?
Yes. You can fund your 3️⃣ account from your existing PayPal
account.
4. How do I get a PayPal account?
Please follow the steps below:
To sign up,
visit 3️⃣ the PayPal website. Make sure you enter your details correctly so your account
can be authorised and verified by PayPal.
Select 3️⃣ your preferred language and the
country or region you live in.
Select the type of PayPal account you'd like and click
3️⃣ "Continue".
Enter you personal information as requested and click "Sign up".
Your
account will be ready for use once you've completed these 3️⃣ steps.
5. How do I fund my
PayPal account?
You can fund your PayPal account using the following payment
options:
Direct bank transfer
Credit 3️⃣ card
Debit card
6. How do I fund my account using
PayPal?
Log in to your account.
Go to the "Cashier" tab and select 3️⃣ "Deposit".
You will
now see the PayPal logo. To select this deposit option simply click on the icon.
Enter
or select your 3️⃣ deposit amount and bonus code (if applicable), then click on "Deposit".
You will now be re-directed to PayPal where you'll 3️⃣ be asked to log in to your PayPal
account and confirm the payment by selecting your payment method and clicking 3️⃣ "Pay
now". You will receive instant confirmation of the transaction when you've completed
this process. You'll then be redirected to 3️⃣ the "Cashier".
7. Can I set up recurring
payments with paypal?
Unfortunately we do not currently support recurring payments with
paypal.
8. Are 3️⃣ there any fees associated with PayPal?
There is no charge for deposits
made using PayPal.
9. How long will it take for 3️⃣ my transfer to reach my account?
Takes
10-20 seconds to approve if you already have a PayPal account. Fund your PayPal 3️⃣ account
by Credit Card or Electronic Funds Transfer from your bank account.
10. Can I withdraw
to PayPal?
Yes, to withdraw using 3️⃣ PayPal you need to have made a successful deposit
with your PayPal account within the last six months.If you have 3️⃣ made a successful
deposit within the last six months, visit the cashier, select the "Withdrawals" tab and
then select the 3️⃣ PayPal logo.The amount of your withdrawal will be sent electronically
to your PayPal account after our internal procedure has been 3️⃣ completed.
11. Is it safe
to use PayPal?
Absolutely! With PayPal, you can make completely secure online banking
transactions.
12. Which currencies does 3️⃣ PayPal transact in?
PayPal transacts in € and £
only.
13. Can I withdraw to PayPal if I deposited using a different 3️⃣ payment
method?
Yes. If have made a successful deposit using your PayPal account, you can
withdraw to PayPal even if you 3️⃣ have also used additional deposit options to fund your
account.
14. Can I withdraw more than my initial deposit using PayPal?
Yes, 3️⃣ you may
withdraw more than your initial deposit via PayPal.
15. Can I withdraw to via another
withdrawal option other than 3️⃣ PayPal?
Yes, however, if PayPal is one of multiple deposit
methods you have used to fund your account and is also 3️⃣ your highest value deposit
method during the last three months, you will be required to withdraw via PayPal the
amount 3️⃣ equal to the cumulative deposits made via PayPal before being able to request
withdrawals via other withdrawal options. In the 3️⃣ event that the total amount deposited
is equal a first in, a first out rule will apply. For example, if 3️⃣ the first deposit
made using PayPal is ofR$500 and the second deposit made using credit card is ofR$500,
you will 3️⃣ again first be required to withdraw an amount equal toR$500 using PayPal
before being able to withdraw using any other 3️⃣ option.
16. What is a billing
agreement?
With the PayPal billing agreement feature, you will be able to make faster
and instant 3️⃣ deposits. To set up your billing agreement, you will be required to
initiate a deposit and select the check box 3️⃣ labelled ‘Set up billing agreement’. Once
you set up a billing agreement, your subsequent deposits will be processed without you
3️⃣ requiring to log in to your PayPal account.
17. Is it mandatory to set up a billing
agreement?
No. It is not 3️⃣ mandatory to set up a billing agreement.
18. How do I set up a
billing agreement?
Please follow the steps below:
1. Log 3️⃣ in to your account.
2. Go to
the "Cashier" tab and select the "PayPal "option
3. Select the checkbox labelled "Set
up 3️⃣ billing agreement".
4. Enter or select your deposit amount.
5. Click on
"Continue".
6. You will be redirected to the PayPal site in 3️⃣ a new window. Log in to
your PayPal account and click on ‘I agree and pay’.
19. Are there any fees 3️⃣ associated
with setting up a billing agreement?
No.
20. Can I cancel a billing agreement?
Yes, you
can cancel the billing agreement at 3️⃣ any time by logging in to your PayPal account.
The
below points are specific to BETMGM US labels.
1. I have not 3️⃣ reached my deposit limit.
Why am I unable to make a deposit?
It’s possible that you may have reached the limit
3️⃣ based on a deposit you made in another state. All BetMGM deposits are included when we
apply the Responsible Gaming 3️⃣ Deposit Limit to your account. The total of all deposits
cannot exceed the limit that you have specified.
2. Why is 3️⃣ the deposit time displayed
on the Payment History page different from the time I made the deposit?
All deposits
are displayed 3️⃣ in EST (Eastern Standard Time).
3. Why am I receiving a 1099-K form from
PayPal?
Due to a revised IRS regulation, companies 3️⃣ such as PayPal, Venmo, and Zelle are
required to supply customers with a 1099-K form for commercial transactions totaling
more 3️⃣ thanR$600 annually. For more information, please see the official IRS website:
//irs/payments/general-faqs-on-new-payment-card-reporting-requirements.
