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