PayPal is a secure and widely trusted digital wallet that lets you fund your MyWinners account using a US-based, bank-funded PayPal account. While it's a convenient option for many players, PayPal imposes specific restrictions and limits when used for online wagering—so it’s important to understand how it works before making your first deposit.
How to Deposit with PayPal
How to Deposit with PayPal
To make a PayPal deposit, follow these steps:
Log in to your MyWinners account
Open the Menu and select Deposit
Choose PayPal as your payment method and click Start
Enter the amount you wish to deposit
Review the convenience fee (4.25% + $0.50 per transaction)
Click Pay with PayPal to continue
You’ll be redirected to PayPal—log in and select a bank-funded payment method
Confirm and submit your deposit
🚫 NOTE: Deposits must be initiated through the MyWinners platform—you cannot fund your account directly through PayPal.
PayPal Requirements and Restrictions
PayPal Requirements and Restrictions
To use PayPal on MyWinners:
Your PayPal account must be US-based
It must be funded through a linked bank account, not a credit or debit card
Only one PayPal account can be linked to your MyWinners profile
Deposits using cards linked to PayPal will be declined
PayPal Deposit & Withdrawal Limits
PayPal Deposit & Withdrawal Limits
The following limits are set by PayPal and apply across all online wagering activity:
$4,500 per individual transaction
$4,500 per rolling 24-hour period
$15,000 per rolling 30-day period
Withdrawals via PayPal are also capped at $4,500 per 24 hours, minus any pending deposits that haven’t cleared
⚠️ Additional limits may apply depending on your original deposit method.
For further questions, contact PayPal Support at (888) 221-1161.
Transaction Type and IRS Reporting
Transaction Type and IRS Reporting
All PayPal transactions made on MyWinners are classified as "Goods and Services" payments. This means:
✅ They may be reported to the IRS under Section 6050W
✅ For more information, visit Paypal
💡 Did You Know? PayPal treats all wagering deposits and withdrawals as goods and services transactions, which means they may be reported to the IRS under rule 6050W. To learn more, visit paypal.com/webapps/mpp/irs6050w.
Frequently Asked Questions
Why can’t I deposit with PayPal if I’m using a debit or credit card?
Why can’t I deposit with PayPal if I’m using a debit or credit card?
PayPal prohibits credit and debit card funding for gambling transactions. Your account must be linked to a personal checking account with verified routing and account numbers.
Can I use multiple PayPal accounts on MyWinners.com?
Can I use multiple PayPal accounts on MyWinners.com?
No. For security reasons, you may only link one US-based PayPal account to your MyWinners profile.
How do I know if my PayPal deposit was successful?
How do I know if my PayPal deposit was successful?
After completing the PayPal checkout process, you’ll be redirected back to MyWinners. If your deposit was successful, you’ll receive a confirmation message and the funds will appear in your wallet.
Are PayPal withdrawals subject to the same limits as deposits?
Are PayPal withdrawals subject to the same limits as deposits?
Yes. PayPal withdrawals are capped at $4,500 per 24-hour period, and you cannot withdraw funds that are pending or have not cleared through the banking system.
What does ACH mean and how does it relate to PayPal?
What does ACH mean and how does it relate to PayPal?
ACH stands for Automated Clearing House, which is a secure network that moves funds between US banks. PayPal deposits and withdrawals on MyWinners use ACH transfers when linked to your bank account.