PayPal Online Casinos
- Top PayPal Casinos Ranked by Trustpilot Rating
- Comparison of Top PayPal Casino Sites
- Top 13 Online Casinos Accepting PayPal
- How PayPal Functions?
- Setting Up a PayPal Account
- Depositing to Your Casino Balance
- Withdrawing from Your Casino Balance
- PayPal Costs and Fees
- Security and Privacy
- Advantages of Using PayPal
- Disadvantages of Using PayPal
- Conclusion
PayPal became an independent company in 2015 and began trading on the Nasdaq stock exchange. In 2013, PayPal bought the peer-to-peer mobile payment app Venmo as part of the Braintree deal. In 2021, PayPal generated a revenue of $25.3 billion, making it one of the most profitable digital payment methods. In the same year, the payment method processed over 19 billion transactions.
PayPal has found application in many spheres, with online gambling being one of them. Many reputable gambling sites accept payments via PayPal. One of the reasons why PayPal is a preferred payment solution for casino enthusiasts is that it supports deposits and withdrawals. If you want to learn more about this payment method, continue reading this article.
Top PayPal Online Casinos Ranked by Trustpilot Rating
Sportsbook | Reviews | Rating |
---|---|---|
Golden Tiger Casino | 1960 | 4.3 ⭐ |
MrQ Casino | 9771 | 4.2 ⭐ |
Spinland Casino | 83 | 3.5 ⭐ |
LeoVegas Casino | 5700 | 2.9 ⭐ |
All British Casino | 885 | 2.8 ⭐ |
Casumo Casino | 1902 | 2.7 ⭐ |
Hyper Casino | 54 | 2.3 ⭐ |
Videoslots | 1377 | 2.2 ⭐ |
PlayOJO Casino | 13516 | 2.2 ⭐ |
Betway Casino | 16788 | 1.4 ⭐ |
Yako Casino | 47 | 1.4 ⭐ |
888casino | 2226 | 1.3 ⭐ |
bet365 Casino | 4698 | 1.3 ⭐ |
Comparison of Top PayPal Online Casino Sites
Brand | Launch Year | Min Deposit | Min Withdrawal | Withdrawal Time | Base Currencies | Languages | Range of Games | RTP |
---|---|---|---|---|---|---|---|---|
LeoVegas Casino | 2012 | $/€10 | $/€20 | Up to 5 business days | EUR, USD, GBP, CAD, NZD, SEK | English, Swedish, Italian, Spanish,Portuguese, Danish | 5,300+ | 97.63% / eCOGRA |
Videoslots | 2011 | $/€10 | $/€20 | Cards: 3 to 5 daysBank Transfer: Up to 5 daysInstadebit: Up to 4 daysE-Wallets: Within 12 hours | EUR, USD, GBP, CAD,NOK, SEK, INR | English, Italian, Dutch,Spanish, Swedish, Danish, German, Finnish | 11,600+ | Publishes RTPs of individual games |
888casino | 1997 | $/€10 | $/€10 | Bank cards - 6-8 banking daysBank Transfers - 5 to 8 banking daysE-wallets - 4-5 banking days | USD, GBP, EUR, CAD | English, Spanish, Japanese, German, French, Portuguese | 2000+ | 96.26% |
All British Casino | 2013 | £25 - Trustly£10 - Other methods | £5,000 - Bank Transfer£10 - Other methods | Up to 24 hours after withdrawal approval | GBP | English | 1,000+ | 96.68% |
Hyper Casino | 2019 | $/€10 | $/€10 | Bank Transfer: up to 5 daysE-Wallets: up to 24 hours | EUR, GBP, SEK, CAD,NOK, ZAR, INR, THB, NZD | English, Swedish | 2,800+ | 96.47% |
Spinland Casino | 2017 | £/€20 | £/€20 | Up to 3 business days | EUR, USD, GBP, CAD | English | 1,000+ | |
Casumo Casino | 2012 | $10 | $20 | Cards: up to 3 banking daysBank Transfers - up to 5 banking days | USD, GBP, EUR, CAD, SEK, DKK | English | 5,000+ | 97.27% |
MrQ Casino | 2018 | £10 | £10 | Visa Direct - 4 HoursPayPal - 6 Hours Visa/Mastercard - 3-5 days | GBP | English | 1,000+ | 96% |
bet365 Casino | 2000 | $10 / €5 | $10 / €5 | E-Wallets: 1 to 4 hoursCards: 1 to 3 days | EUR, USD, GBP, BGN, ARS, BRL, DKK, SEK,CHF, CZK, ISK, JPY, PLN, RON, SEK, MXN,NZD, CAD | English, Bulgarian, Danish, Swedish, Czech, Polish, Dutch,French, German, Spanish, Estonian,Greek, Hungarian, Italian, Japanese,Norwegian, Portuguese,Romanian, Russian, Slovak | 500+ | 96.26% / eCOGRA |
PlayOJO Casino | 2017 | $/€10 | No minimum | Bank Cards - 1-3 daysE-wallets - InstantTrustly - InstantBank Transfers - 1-3 days | GBP, EUR, CAD, USD, JPY, and more | English, Norwegian, Fench, Finnish, German | 5,000+ | 97%/ iTechLabs |
Betway Casino | 2006 | $10 | $10 | Bank cards, Bank transfers - 2 to 3 business days E-wallets - 1 business day | EUR, USD, CAD, GBP | English, German, Norwegian, French, Spanish, Italian, Portuguese, Japanese | 450+ | 98% on average |
Yako Casino | 2014 | $/£/€10 | $/£/€10 | E-wallets: instantBank cards and bank transfers - 3-4 business days | EUR, GBP, INR, CAD, ZAR, SEK, NOK, NZD, THB | English, Finnish | 1,000+ | Not specified |
Golden Tiger Casino | 2000 | $10 | Direct Bank Transfer: $300Other Methods: $50 | Cards: up to 3 daysBank transfers: 6 to 10 daysE-wallets: 1 to 3 days | EUR, USD, GBP, CAD, NZD | English, German, French | 850+ | 96.01% / eCOGRA |
Top 13 Online Casinos Accepting PayPal
LeoVegas Casino
Bet NowLicensesUK Gambling Commission (039198-R-319450-027) Malta Gaming Authority (MGA/CRP/237/2013) Swedish Gambling Authority (18Li7545) Alcohol and Gaming Commission of Ontario (OPIG1233813) Danish Gambling Authority (DGA) Netherlands Gaming Authority (1980) Spanish Directorate General for the Regulation of Gambling (DGOJ) Irish Revenue Commissioners (1012453)Min Deposit$/€10Min Withdrawal$/€20Withdrawal TimeUp to 5 business daysDeposit MethodsSponsorshipsN/AContact Details- Reputable web-based casino with solid experience on the market
- A massive gaming portfolio
- Uncluttered user interface
- Players can manage their bankrolls in a worry-free manner
- LeoVegas provides a seamless gaming experience even on the go
- Features multi-tiered VIP scheme
LeoVegas, also known as the King of Mobile Casinos, is a trustworthy gambling site that has won multiple awards. The web-based casino holds licenses from reputable authorities, meaning it abides by all industry standards for safety. LeoVegas Casino prides itself on its outstanding gaming library courtesy of Microgaming, Play’n GO, Thunderkick, Yggdrasil, Evolution Gaming, Pragmatic Play, and others. Most games support demo mode, allowing players to explore them before playing for real money.
Members of LeoVegas Casino can count on the courteous and professional customer support agents whenever they need help. The promotions up for grabs will whet the appetite of every casino fan. Members of LeoVegas Casino can handle their payments via convenient and trustworthy payment solutions such as Visa, Mastercard, PayPal, etc.
Videoslots
Bet NowLicensesMalta Gaming Authority (MGA/CRP/258/2014)UK Gambling Commission (039380-R-319311-032)Danish Gambling Authority (DGA)Swedish Gambling Authority (SGA)Spain's Directorate General for the Regulation of Gambling (DGOJ)Agenzia delle Dogane e dei Monopoli (15427)Alcohol and Gaming Commission of Ontario (AGCO)Min Deposit$/€10Min Withdrawal$/€20Withdrawal TimeCards: 3 to 5 daysBank Transfer: Up to 5 daysInstadebit: Up to 4 daysE-Wallets: Within 12 hoursDeposit MethodsSponsorshipsN/AContact Details- Supports multiple currencies and safe payment methods
- Provides customer support services around the clock
- Boasts over 8,000 games from high-profile software providers
- Features a section where players can check the payouts associated with every game
- Provides slot enthusiasts with the opportunity to compete against fellow players
- Employs 256-bit SSL encryption
Videoslots is a preferred gambling site that hit the iGaming scene in 2011. The web-based casino boasts a vast gaming catalog comprising over 8,000 top-quality titles. The operator behind this well-established gambling site has joined forces with over 70 high-end software providers, including but not limited to iSoftBet, Microgaming, NetEnt, Play’n GO, Playtech, Thunderkick, and Yggdrasil. The web-based casino also offers a remarkable selection of live dealer games, and most of these are provided by the acclaimed software supplier Evolution Gaming.
Next to its great gaming library, Videoslots attracts players’ attention with its generous promotions on offer. Besides, the gambling site features breathtaking slot tournaments. Members of Videoslots can fund their casino accounts via trustworthy payment methods such as Visa, Mastercard, PayPal, and others.
888casino
Bet NowLicenses• The Alcohol and Gaming Commission of Ontario (AGCO) • The Danish Gambling Authority (DGA) • The Government of Gibraltar (112 and 113) • The Malta Gaming Authority (MGA/CRP/543/2018) • The Spain Directorate General for Regulation of Gambling (DGOJ) • The Swedish Gambling Authority (SGA) • The UK Gambling Commission (39028)Min Deposit$/€10Min Withdrawal$/€10Withdrawal TimeBank cards - 6-8 banking daysBank Transfers - 5 to 8 banking daysE-wallets - 4-5 banking daysDeposit MethodsSponsorshipsN/AContact Details- Safe and reliable gambling site that also offers other services such as sports betting, poker, and bingo
- Dedicated casino apps for Android and iOS-based touchscreen devices
- Mouth-watering promotions up for grabs
- Intuitive user interface
- The agents from the live chat are available every day from 09:00 to 00:00
- Even non-registered players can see the supported payment methods
Formerly known as Casino-on-Net, 888casino is a reputable gambling site, which holds licenses from several gaming authorities, including the UK Gambling Commission and the Malta Gaming Authority. The brand was established in 1997, and since then, it has become one of the most popular gambling sites. The brand provides several products, including casino, sportsbook, bingo, and poker to correspond to every player’s preferences. If you are a casino fan, you can find over 2,000 games powered by NetEnt, Microgaming, Playtech, Red Tiger, Yggdrasil, and others.
The gambling site offers many features that every casino enthusiast will enjoy. The design of the online casino focuses on simplicity. At 888casino, you can expect decent promotions for new signees and existing players. Casino aficionados who prefer to play on the go can download the 888casino native app or use the mobile version of the gambling site. The supported payment solutions are sufficiently diverse to fit the needs of everyone.
All British Casino
Min Deposit£25 - Trustly£10 - Other methodsMin Withdrawal£5,000 - Bank Transfer£10 - Other methodsWithdrawal TimeUp to 24 hours after withdrawal approvalDeposit MethodsSponsorshipsN/AContact Details- Unique British design
- Powered by reputable software providers
- 24/7 customer support services
- Accepts safe payment solutions, including PayPal
- Offers all well-liked game genres
- Casino fans can switch between dark and light mode
All British Casino is a trustworthy gambling site geared toward the British market. The web-based casino is themed around British culture. With its unique theme, this online casino is unlikely to go unnoticed. The gambling site offers top-quality games from acclaimed software companies such as NetEnt, Big Time Gaming, Red Tiger, Thunderkick, Evolution Gaming, and others. Most games run smoothly on touchscreen devices, so you do not have to stay home to enjoy your favorite title.
All British Casino also features a decent Welcome Bonus. Note that if you deposit via Skrill or Neteller, you are not allowed to claim the sign-up deal. That is why we advise our readers to use their bank cards or another digital wallet such as PayPal or Trustly to add funds to their accounts.
Hyper Casino
Bet NowLicensesUK Gambling Commission (038758-R-319451-015)Malta Gaming Authority (MGA/B2C/211/2011)Swedish Gambling Authority (SGA)Min Deposit$/€10Min Withdrawal$/€10Withdrawal TimeBank Transfer: up to 5 daysE-Wallets: up to 24 hoursDeposit MethodsSponsorshipsN/AContact Details- Features over 700 games from acclaimed software suppliers
- Boasts an intuitive user interface
- Most games are available in demo mode
- Provides efficient customer support services around the clock
- Features informative and well-organized FAQ page
- Licensed by reputable gambling authorities
Hyper Casino is a legitimate gambling site that has obtained licenses from the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority. Launched in 2019 by L&L Europe Ltd., the web-based casino quickly gained traction among casino fans from the UK and other jurisdictions. One of the reasons to join Hyper Casino is its impressive selection of premium-quality games. At Hyper Casino, you can find plenty of slots, table games, progressive jackpot games, video poker, and live dealer games.
Moreover, Hyper Casino provides reliable customer support services day and night. Hence, you can rest assured that there is always someone who can assist you in finding the right solution to your problem. The web-based casino employs convenient and safe payment methods, allowing players to manage their bankrolls with ease.
Spinland Casino
Min Deposit£/€20Min Withdrawal£/€20Withdrawal TimeUp to 3 business daysDeposit MethodsSponsorshipsN/AContact Details- Owned and operated by the reputable company White Hat Gaming Limited
- Players can use reliable payment methods to deposit and withdraw
- Home to premium-quality games
- Powered by over 140 software suppliers
- Features a generous VIP scheme
- Plenty of promotions for newcomers and existing players
Spinland Casino debuted on the iGaming scene in 2017, operating under licenses issued by the UK Gambling Commission and the Malta Gaming Authority. The web-based casino features a massive selection of games powered by over 140 software companies. Some prominent software suppliers include Ezugi, Microgaming, Iron Dog, NetEnt, Play’n GO, Pragmatic Play, etc. Members of Spinland Casino can enjoy some of the most sought-after slots. There is also no shortage of other game genres, including table games, live dealer games, video poker, and progressive jackpots.
Spinland Casino caters to the needs of everyone. That is why it supports different types of payment methods, including bank cards, digital wallets, online banking, and bank transfers. Given that you have questions during your stay at Spinland Casino, you can contact the professional customer support agents via live chat or email.
Casumo Casino
Bet NowLicenses• The Malta Gaming Authority (MGA/CRP/217/2012) • The Swedish Gambling Authority (SGA) • The Alcohol and Gaming Commission of Ontario (AGCO) • The Spanish Directorate General for the Regulation of Gambling (DGOJ)Min Deposit$10Min Withdrawal$20Withdrawal TimeCards: up to 3 banking daysBank Transfers - up to 5 banking daysDeposit MethodsSponsorshipsN/AContact Details- A strong advocate of responsible gambling
- The gambling site has acquired licenses from reputable regulators
- Hosts a fantastic selection of games
- Dedicated apps for Android and iOS-based devices
- Supports multiple reliable payment methods, including PayPal
- Uses SSL encryption
If you are looking for a reliable gambling site, consider joining Casumo Casino. Launched in 2012 by Casumo Services Limited, this web-based casino ticks all the right boxes as far as safety is concerned. It carries the stamp of approval from the UK Gambling Commission and the Malta Gaming Authority. It is also licensed to operate by the gambling authorities of Sweden and Ontario. To ensure that every player will enjoy a smooth gambling experience, the web-based casino provides round-the-clock customer support services.
Casumo Casino has a gaming library powered by acclaimed software providers such as Pragmatic Play, Evolution Gaming, Play’n GO, Microgaming, and others. The games feature crisp graphics and smooth animations on desktop and touchscreen devices. If you want to play for real money, you can fund your account via Skrill, Neteller, PayPal, bank cards, etc.
MrQ Casino
Min Deposit£10Min Withdrawal£10Withdrawal TimeVisa Direct - 4 HoursPayPal - 6 Hours Visa/Mastercard - 3-5 daysDeposit MethodsSponsorshipsN/AContact Details- Offers various mouth-watering promotions, including a referral bonus and a no deposit bonus
- Hosts over 900 high-quality games
- Uncluttered and well-organized user interface
- MrQ Casino will correspond to the preferences of bingo fans
- The minimum withdrawal limit is just €10
- The agents from the live chat are available every day, including Saturday and Sunday, from 8 am to 8 pm
Established in 2018, MrQ Casino is a UK-friendly gambling site dedicated to providing a top-notch gambling experience. The web-based casino is licensed by the UK Gambling Commission, meaning it abides by high industry standards. At MrQ Casino, you can find titles from Thunderkick, Evolution Gaming, Big Time Gaming, Red Tiger, NetEnt, Pragmatic Play, etc. Upon loading the gambling site, the first thing that will grab your attention is its simplistic design. The promotions up for grabs are also not to be missed.
MrQ Casino works without a hitch on nearly any Internet-enabled device. Therefore, you can revel in an exciting gambling experience everywhere you go. If you have any queries, you can contact the casino’s customer support agents. Note that the agents from the live chat are not available 24/7. Frankly, the supported payment solutions are thin on the ground. On a more positive note, you can use some of the most reliable payment options to deposit and withdraw.
bet365 Casino
Bet NowLicensesMalta Gaming Authority (MGA/CRP/531/2018)Alcohol and Gaming Commission of Ontario (AGCO)UK Gambling Commission (055149-R-331499-002)Swedish Gambling Authority (SGA)Estonian Tax and Customs Board (60573690)Danish Gambling Authority (DGA)Dutch Gambling Authority (C66039)Gibraltar Gambling Commissioner (GGC)Min Deposit$10 / €5Min Withdrawal$10 / €5Withdrawal TimeE-Wallets: 1 to 4 hoursCards: 1 to 3 daysDeposit MethodsSponsorshipsN/AContact Details- An information button is attached to each game
- Boasts a massive customer base of over 80 million people from more than 150 jurisdictions
- The casino’s gaming library consists of over 850 titles
- Provides several responsible gambling tools
- Offers other products, including sportsbook, poker, and bingo
- Certified by eCOGRA
Bet365 is a reputable brand, which has been in business for over two decades. The website offers several products to suit the taste of everyone, including a casino, sportsbook, poker, and bingo. To the delight of casino aficionados, bet365 boasts an incredible casino section. With over 2,000 games in its gaming library, no casino enthusiast will remain disappointed. Bet365 features only the most sought-after games from acclaimed software suppliers such as Yggdrasil, Blueprint Gaming, Hacksaw, Microgaming, Evolution Gaming, and others.
Besides, it offers generous daily offers for existing players. Newcomers are treated to a decent Welcome Bonus. To qualify for it, players must register with bet365 and add funds to their casino accounts. Doing so is a five-finger exercise thanks to the multiple supported payment methods, including but not limited to Visa, Mastercard, Skrill, Neteller, and PayPal. Bet365’s browser-based app performs well on any touchscreen device. On-the-go players can also download the bet365 dedicated app and enjoy an unrivaled gaming experience.
PlayOJO Casino
Min Deposit$/€10Min WithdrawalNo minimumWithdrawal TimeBank Cards - 1-3 daysE-wallets - InstantTrustly - InstantBank Transfers - 1-3 daysDeposit MethodsSponsorshipsN/AContact Details- The brand provides different products, including a casino, sportsbook, bingo, and poker
- Offers games from over 60 software providers
- Hosts various casino tournaments
- Members of the web-based casino can join the Unibet community
- Award-winning casino apps for Android and iOS-based devices
- High rollers can deposit up to €10,000 via PayPal
Unibet was established in 1997, and only two years later, the brand went online. Today, Unibet offers various products to correspond to the preferences of everyone. No matter if you are a sports fan, a poker maven, a bingo devotee, or a casino enthusiast, Unibet will provide you with an unmatched experience. Unibet has an incredible casino section where casino fans can find a fine assortment of titles provided by accomplished software companies.
If you are looking for a mobile-friendly gambling site, do not hesitate to join Unibet. The brand offers a browser-based as well as a dedicated app. Members of Unibet can take advantage of generous promotions on condition they fund their accounts. Fortunately, there is no shortage of payment methods that will allow players to top up their accounts and cash out their profits in a worry-free manner.
Betway Casino
Bet NowLicensesIreland Revenue Commissioners (#1017375) Italian Customs and Monopolies Agency (#152116) Malta Gaming Authority (#MGA/B2C/130/2006) Swedish Gambling Authority UK Gambling Commission (#39372)Min Deposit$10Min Withdrawal$10Withdrawal TimeBank cards, Bank transfers - 2 to 3 business days E-wallets - 1 business dayDeposit MethodsSponsorshipsN/AContact Details- Certified by eCOGRA
- Members of Betway can pick from over 500 premium-quality games even on the go
- Supports easy-to-use payment solutions
- Dedicated apps for Android and iOS-based handheld gadgets
- The minimum withdrawal amount is just €10
- A well-established brand that holds licenses from reputable gambling authorities
Betway was launched in 2006 and quickly became a preferred gambling site for many casino enthusiasts and sports fans from different countries. Although Betway is mainly known for its sportsbook product, it also offers a fantastic casino section. Betway’s gaming portfolio consists of over 500 games courtesy of Microgaming, NetEnt, Evolution Gaming, Blueprint, Pragmatic Play, and others. The games adapt well to all screen sizes, meaning you can play your favorite titles on the go. Moreover, Betway offers dedicated apps for touchscreen devices.
Betway has a modern yet simplistic design, which is very welcoming. Casino enthusiasts are unlikely to experience difficulties navigating through the web-based casino. Registered casino fans can easily contact the casino’s customer support agents via live chat. Betway employs plenty of reliable payment methods, which is one of the casino’s multiple advantages.
Yako Casino
Min Deposit$/£/€10Min Withdrawal$/£/€10Withdrawal TimeE-wallets: instantBank cards and bank transfers - 3-4 business daysDeposit MethodsSponsorshipsN/AContact Details- Uses 128-bit SSL encryption
- Prides itself on its massive reputation and growing customer base
- The casino platform is available in several languages, including English, German, and French
- Party Casino offers dedicated apps that can be downloaded from Google Play or the App Store
- The web-based casino takes no more than 2 days to process payment requests
- Party Casino is a multiple award-winning gambling site, which holds licenses from the UK Gambling Commission and the Malta Gaming Authority
At Party Casino, players can enjoy hours upon hours of fun thanks to the casino’s fine assortment of games. Here you can find titles from Evolution Gaming, Blueprint, NoLimit City, Microgaming, Pragmatic Play, etc. Party Casino is a brand of Entain (formerly known as GVC Holdings) – one of the world’s largest sports betting and gaming groups. Party Casino went online in 1997 under the name Starluck. In 2006, the web-based casino was rebranded to Party Casino.
The virtual casino attracts the attention of thousands of casino fans who are looking for a safe gambling site. Besides, Party Casino offers a superb gambling experience even on the go thanks to its smooth-running dedicated app. Moreover, the web-based casino supports convenient payment methods, providing casino fans with the opportunity to manage their bankrolls with ease.
Golden Tiger Casino
Min Deposit$10Min WithdrawalDirect Bank Transfer: $300Other Methods: $50Withdrawal TimeCards: up to 3 daysBank transfers: 6 to 10 daysE-wallets: 1 to 3 daysDeposit MethodsSponsorshipsN/AContact Details- Reputable sportsbook and casino
- 24/7 customer support services
- Dedicated apps for Android and iOS
- Betfair features a Fast Funds functionality that helps players to withdraw funds faster
- Informative Help center
- Employs two-factor authentication to add an extra layer of security
Betfair made its foray into the iGaming market in 1999. Its priority is to provide casino enthusiasts from all four corners of the world with a safe and fun gambling experience. The brand offers different products, including a sportsbook, casino, bingo, and poker. Betfair’s casino section is home to over 500 premium-quality titles powered by industry heavyweights such as NetEnt, Playtech, and Evolution Gaming. The web-based casino boasts a fantastic selection of live dealer games. You can also find some live dealer tables exclusive to Betfair.
At Betfair, casino enthusiasts can benefit from some lucrative promotions. The web-based casino also caters to the needs of mobile players, providing a browser-based and dedicated app. Given that you want to add funds to your casino account, you can do so easily thanks to the reliable payment methods supported.
How PayPal Functions?
PayPal prides itself on its massive customer base of over 390 million users. Since PayPal is a preferred payment method, many web-based casinos have added it to their lists of banking solutions. With PayPal, casino fans can top up their accounts and retrieve their winnings without disclosing their banking credentials. Moreover, deposits via PayPal are instant, while withdrawals usually take 24 hours to clear.
As mentioned above, PayPal caters to the needs of individuals from over 200 countries, including the United Kingdom, Ireland, the United States, Italy, Denmark, Sweden, Finland, Hungary, etc. PayPal users can pick from 25 different countries, including but not limited to EUR, USD, AUD, CAD, CNY, DKK, and JPY. Thus, you can easily avoid currency conversion fees.
Video Explaining How to use PayPal
Services Provided by PayPal
The payment method also offers debit and prepaid cards. The PayPal Cash Mastercard is a virtual debit card, which allows users to shop anywhere PayPal is accepted. Besides, its users can earn cashback on eligible purchases and withdraw money from ATMs. PayPal Prepaid Mastercard is a reloadable debit card that can be used everywhere Debit Mastercard is accepted. Users can transfer money from their PayPal accounts to the PayPal Prepaid Mastercard without incurring fees.
Setting Up a PayPal Account
- Visit PayPal’s website and click on the Sign Up button.
- Decide whether to open a personal or business account and hit the Get Started button.
- Select your country of residence, and provide your phone number.
- A 6-digit verification code will be sent to you via SMS. Enter the code to confirm your phone number.
- After that, you will be required to provide personal information and your email address. Create a reliable password and confirm it.
- During the registration process, you will be offered to enter credit/debit card details. However, this is not a mandatory step and you can skip it.
- PayPal will send you a link via email. Follow the link to verify your email address and activate your PayPal account.
After creating your PayPal profile, you have to link the service to your bank account or credit/debit card. PayPal payments are sent as an eCheck providing that your eWallet is not linked to your credit/debit card and you do not have an active PayPal balance. It may take up to 7 days for an eCheck to clear. Account holders residing in the United Kingdom, the United States (except Hawaii), and Luxembourg can buy, sell, and hold cryptocurrencies. For security reasons, you must provide a code sent to you via SMS every time you want to log into your PayPal account.
Depositing to Your Online Casino Balance with PayPal
If you want to deposit via PayPal, set up an account at a PayPal-friendly casino and navigate to the virtual cashier. Click on the PayPal logo and enter the amount you wish to deposit. After that, you must enter your PayPal login credentials and approve the transaction.
PayPal is among the fastest payment methods. As soon as casino fans approve the transaction, the funds will be reflected in their casino accounts on the spot. Players who decide to use PayPal will be able to deposit an amount ranging from €10/€20 to €10,000. Note that the limits vary between the different online casinos accepting PayPal.
Withdrawing from Your Casino Balance with PayPal
The withdrawal process is pretty straightforward. Once you generate enough winnings, you must log into your casino account and visit the cashier. Input the amount you wish to withdraw from your gaming balance and log into your PayPal account to approve the transaction.
Withdrawals may take a little longer. The withdrawal timeframe also depends on the time the web-based casino takes to process withdrawal requests (the pending period). Most PayPal casinos allow players to cancel unprocessed withdrawal requests. Once the casino operator approves your withdrawal request, you will receive your profits within 24 hours. Normally, PayPal-friendly gambling sites require players to withdraw a minimum of €10/€20.
PayPal Costs and Fees
What makes PayPal exceptional is that the payment solution does not impose account fees. We would like to inform our readers that PayPal has introduced an inactivity fee of €10 in some countries. It applies to accounts that have not been active for 12 consecutive months.
PayPal is a cost-effective payment method, which does not mean it is free of charge. The fees associated with PayPal vary between the different jurisdictions. That is why it is best to visit PayPal’s official website to check the fees you may incur when using PayPal based on your country of residence.
For cashing out funds from your PayPal account to your credit/debit card, you may incur a fee of 1% of the amount transferred. Depending on the card withdrawal currency, you may be charged a fixed fee ranging from €0.25 to €10 for withdrawing to your bank card. Withdrawals to bank accounts are free of charge. If you link your bank card to your PayPal account, you will be charged a fee of €1.50.
PayPal users are also charged a fixed fee of €1.99 or €3.99 for sending international personal transactions. If a currency conversion is required, you will incur a fee of 3% above the base exchange rate.
Security and Privacy
As a reliable payment method, PayPal employs SSL encryption and 3D-Secure protocols. Hence, you can rest assured that sensitive information cannot be accessed by an unauthorized party. Besides, PayPal acts as a middleman between your bank account and the casino, which means that you do not have to provide banking credentials when depositing or withdrawing via PayPal. Moreover, you will receive a security code via SMS every time you log into your PayPal account.
What is commendable is that PayPal offers reimbursement for the full amount of the purchase and the shipping costs if you do not receive the item or it is damaged. Undoubtedly, PayPal has one of the best buyer protection policies.
PayPal’s headquarters are located in San Jose, California. Interestingly, the payment service does not hold a US license. Instead, it operates as a money transmitter licensed on a state-by-state basis.
Related Banking Methods
Advantages of Using PayPal
- Only licensed and reliable gambling sites accept PayPal
- Deposits via PayPal are instant
- Using PayPal to deposit and withdraw funds is child’s play
- PayPal offers a dedicated mobile app
- Reliable customer support services
- PayPal is one of the safest payment methods
PayPal is available only to casino fans residing in countries where online gambling is legal. The payment method works with reliable and licensed web-based casinos. Finding a PayPal-friendly casino that will correspond to your preferences is fairly easy.
Many casino fans opt for PayPal as a preferred payment method because deposits are instantaneous, and withdrawals usually take no more than 24 hours. Moreover, PayPal is a convenient payment solution that provides casino fans with the opportunity to manage their bankrolls without effort.
On-the-go players can download the PayPal native app from Google Play or the App Store and enjoy hassle-free payments. If you lack storage space, you can use PayPal’s browser-based app, which works smoothly on nearly any touchscreen device. Given that you have questions regarding your PayPal account, you can get in touch with PayPal’s customer support department every day from 8:00 am to 6:30 pm.
PayPal also caters to users who are hearing- or speech-impaired, providing them with the opportunity to contact PayPal’s agents through an IP relay service. Account holders will receive a one-off passcode, which is valid for 1 hour. By providing this passcode, you will enjoy faster customer support services.
Disadvantages of Using PayPal
- Casino fans must set up a PayPal account
- The payment service is associated with some fees
- Not available to most casino fans residing in the United States
- Many complaints against PayPal for unexpectedly freezing users’ accounts
In order to use PayPal, you will have to set up an account and link it to your bank account or credit card. This means that you have to memorize your login credentials and provide them every time you want to fund your casino account or cash out profits. Actually, this is the main disadvantage of all digital wallets.
Although PayPal is a cost-effective service, you will incur some nominal fees for linking your credit/debit card to your PayPal profile and withdrawing from your PayPal wallet to your bank. Moreover, some casino operators impose fees on deposits and withdrawals via PayPal.
PayPal can be used only by casino enthusiasts who reside in countries where online gambling is legal. Unfortunately, PayPal is rarely available to players from the United States mainly because of the Unlawful Internet Gambling Enforcement Act, which prohibits gambling businesses from accepting payment methods and allowing individuals to participate in illegal gambling activities.
There are many user complaints against PayPal for freezing their accounts for no apparent reason. In January 2022, three PayPal users filed a federal lawsuit against the payment service. The plaintiffs accused PayPal of violating racketeering laws and freezing their accounts without explanation.
Conclusion
Throughout the years, PayPal has established itself as a reliable payment service. Today, it caters to the needs of individuals from 200 countries. It is an undeniable fact that PayPal has some lacking points. However, it is unlikely to find a more suitable payment method than PayPal for your gambling transactions.