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