Payment method PayPal has revolutionalised the way most people shop and run their affairs. Since launching in 1998, it has allowed people to easily move money with added protection. The world of online gambling is no different. It has been benefiting from PayPal, by allowing players to quickly deposit and withdraw their funds.
PayPal casino sites are available in abundance across most markets, including European countries and the United States. The process of this service is so efficient that it provides players with an extra layer of protection while moving their money between their PayPal account and their casino account with ease.
PayPal is a leading name in electronic digital currency and is highly popular when it comes to online gambling. It is free to use to make payments for your shopping, transfer money to family and friends and pay for services at different vendors.
PayPal acts as a separate checking account for use at online gambling sites. You can easily transfer funds from your PayPal wallet to a desktop or mobile casino of your choice, by only using your email address.
Since you are not sharing your bank details with the casino, you have an extra layer of protection.
PayPal is a massively popular payment method amongst online gamblers for several reasons. To begin with, there is an increasing amount of online casinos that accept PayPal.
Secondly, since players don’t have to share their bank card details with the gambling operator, they can ensure highly safe and secure transfers.
Payments are also carried out quickly and hassle-free, so players can make deposits and request withdrawals without any unnecessary delays. Since PayPal transactions only require an email address and a password, it reduces considerably the risk of data leaks, since the casino will not have access to it. Overall, it offers a great user experience, with a superior layer of account protection.
Before you go ahead and sign up for a PayPal Casino, you need to set up a PayPal account. You only need an email and your bank details in order to register for an account.
Here’s how to quickly and effectively set up a PayPal account:
At most online casinos, you can use this payment method to make both deposits and withdrawals from your account. The transaction works both ways.
Once you request a withdrawal, your funds will reach you straight into your PayPal wallet. If you want to transfer this money to your bank account, you can do so. You can also keep your funds safe in your PayPal wallet.
This banking method is similar to Neteller and Skrill. It’s an e-wallet that provides fast deposits and withdrawals. The one key exception that makes PayPal stand out is that no fees are incurred on either deposits or withdrawals.
There are plenty of online casino bonuses available for you to claim when you sign up for a PayPal Casino. In order to get started, you would first have to make a deposit either via your desktop PC or mobile device.
Although the processes vary from one gambling operator to another, the process is as follows:
Real money withdrawals will vary from one gambling site to another. You can follow the below steps to cash out your winnings:
It is very rare for an online casino to charge you fees when transferring funds via PayPal. PayPal may apply its own fees, depending on the country you are residing in. However, this is rare.
Players based in EU countries will not be charged withdrawal fees. Even if you are, this is only a small price to pay when considering the convenience of this payment method.
One of the biggest benefits of opting for this payment method is that it offers a range of safety and security measures. Buyer Protection, advanced data encryption measures and Fraud Protection are some of the most prominent services this method provides.
PayPal only works with reputable companies and casinos. Rogue casinos are not allowed to collaborate.
Thanks to its Account Protection features, issues such as unauthorised purchases and identity theft are a thing of the past. Even if someone manages to illegally gain access to your account, PayPal will cover you.
Choosing the best new casinos that accept PayPal just cannot be recommended enough. There are very few banking methods that offer a quick and easy service with so many advantages at a small cost.
While it may take you some time to find the right new casino based on your specifications and requirements, you don’t have to think too hard about which payment method you will go for.
If there is one thing you can rest assured about when it comes to PayPal casinos is the huge choice of games available. These are all powered by leading software game developers, including NetEnt, Microgaming and Pragmatic Play.
What does this mean for you? It means that you have access to the best RTP online slots, RNG software card and table games, jackpots including progressive and daily drops and wins as well as the best live dealer games.
Since PayPal casinos are licensed and regulated by reputable gambling authorities, such as the Malta Gaming Authority and the UK Gambling Commission, the games’ random number generators are all tested for fairness and impartial results.
This guarantees that you are playing at a safe online casino that handles your personal and financial information with the greatest care.
The best online casinos offer an array of banking methods in addition to PayPal. If for some reason or another, this payment method is not available, you have other options.
These payment methods can be classified under various categories, including bank debit or credit cards, e-wallets, prepaid vouchers, cryptocurrencies, mobile phone payments and bank transfers.
Here are the best alternatives to this payment method:
In conclusion, PayPal has a solid reputation for offering fast and trustworthy online payments which are widely available across the countries. What makes this e-wallet most attractive is the fact that deposits are done so easily, quickly and mostly free. All payments arrive at their destination almost instantly.
While some e-wallet deposits are automatically excluded from claiming the best online casino bonuses, this payment method is never affected, making it the best e-wallet option out there.
It is, without a doubt, one of the best payment methods for online gambling. It is an excellent option to keep your financial information safe whilst benefitting from fast cashouts.
Can I use PayPal at all online casinos?
No. Not all online casinos allow you to make deposits and withdrawals when opting for this payment method. This payment provider comes with its own restrictions and only works with the most reputable gambling operators.
Do PayPal Casinos offer fast payouts?
Yes. One should not confuse fast payouts with fast processing times though. The processing time will strictly depend on the gambling site of your choice. However, once the payment has been processed, it should reach you within minutes.
A fast payout casino will process and transfer your money within a matter of hours.
Can I get casino bonuses when paying via PayPal?
Unlike other e-wallets Neteller and Skrill, this e-wallet is rarely exempt from welcome bonuses.
Is PayPal safe?
It is probably one of the safest and most secure payment methods around. Since it has been in operation for over 20 years, it has managed to sign on more than 3 million people worldwide. It’s a trusted brand.