PayPal is one of the most well-known payment companies in the world. What you may not know is that for a while, the majority of all online gambling transactions went through this company. While that is no longer the case, PayPal remains a very reliable payment method for casino players in certain jurisdictions. Let’s have a look at what makes these sites so great and why you should consider PayPal as the method of getting your money to and from a site.
Most major online casinos that accept PayPal as a payment option have seen the digital finance platform become extremely popular. Because it is completely free, casino patrons often prefer PayPal to more traditional payment methods, such as bank transfer or credit card. PayPal’s versatility is also important, allowing users to keep their finances in one place and spend across multiple casinos and other online services.
In the early days of online casinos, PayPal was a common method for deposits and withdrawals. When the company was purchased by eBay, they had to shut down their online gaming division, sending shockwaves throughout the casino world. The company did return to taking casino transactions, but only in jurisdictions where it was legal to do so.
We have compiled a list for you below of PayPal casino sites that we consider to be the best out there that take this form of payment. These casinos, aside from accepting PayPal, have the best combination of software, customer service, and promotions, all of which add up to a great overall experience. Our reviewers consider them the top of their class, so you should give them a try.
In terms of online e-wallet solutions, PayPal is the most robust and is used worldwide for deposits, payments, and other transactions. Because of its massive popularity, PayPal works with all major vendors and banking institutions. Importantly, the online casino world now embraces the platform and many PayPal online casinos are available.
Perhaps the biggest benefit that comes from using online casinos for PayPal is the ability to access funds instantly. Once you have deposited money into your PayPal (via bank transfer or a payment), the funds will be available whenever you need to access them.
Adding money to online casinos that accept PayPal is easier than doing it with a credit card or bank account. For example, for PayPal, you just press two buttons to login to your account and don’t need to fill your financial details. When you withdraw money from a casino to PayPal, the transaction is instant, whereas it usually takes longer through traditional methods.
Certainly, for people concerned about their personal details being online, PayPal is a good option. PayPal uses full encryption when handling money with third parties, such as casinos. This means the casino will never have access to your financial information.
PayPal has a robust mobile app that allows you to deposit and make payments easily from your smartphone.
Many online casinos support multiple currencies. PayPal will automatically convert your balance currency with the currency used by the casino.
Some people may not have a bank account or credit card, and so don’t have access to paid online casinos. PayPal can help to solve this problem provided you add money to the platform from online sales or other PayPal users.
On the PayPal help center, the company provides clear information about its policy towards online casinos. One of the good things about PayPal is it is one of the few e-payment platforms that adheres to the laws of individual countries and jurisdictions. In other words, you can use PayPal in countries where gambling is legal, and you cannot in countries where it is illegal.
“PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal.”
For example, online casinos are legally regulated in the United Kingdom, so PayPal allows casinos to access its service. However, the company does not allow any activity from casinos either held in the United States or linked to the United States:
“PayPal prohibits transactions for gambling activities by merchants and account holders in the U.S. and any jurisdiction where gambling activities are illegal, and by merchants whose services are accessible to account holders in the U.S. To be approved by PayPal, merchants must demonstrate to PayPal’s satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal.”
A good rule of thumb worth remembering is if the online casino is reputable and supports PayPal, it is likely legally allowed to do so.
PayPal, given its history with online gambling, clearly knows the industry well, and this goes a long way to making it a popular payment option for online casino players. Here are a couple of reasons why players choose PayPal
PayPal is arguably the best online casino method if security is your priority. Certainly, the platform is the best at ensuring your financial details are not shared with third parties. Over the years, PayPal has introduced an array of features to ensure you are properly protected. The first step is the already mentioned encryption, which means no financial details are shared with casinos.
This is important because it means you can deposit and withdraw exclusively through PayPal without having to add any bank or card details in the casino. PayPal is also aggressively strict and won’t work with companies that have any record of fraud, identity theft, or even unauthorized purchases. Thanks to the Account Protection feature, PayPal will repay the money if someone accesses your money illegally.
Other important security features include Fraud Protection and Buyer Protection.
When you visit the PayPal homepage, you can sign up for the service easily:
PayPal makes it easy to make a deposit at your favourite online casinos. In fact, casinos that support the platform will also include PayPal deposits in promotions, such as welcome bonuses and no-deposit promos. While casinos may have slightly different deposit methods, below are the most common steps for making a PayPal deposit:
Check you have met all requirements for withdrawing at your chosen online casino, such as wagering requirements.
Head to the cashier. If you have not previously entered ID information at the online casino, you will have to do this now.
Select PayPal as your withdrawal method.
Input the value of your withdrawal, paying attention to the minimum and maximum withdrawals permitted by the casino.
Fill in any details your chosen casino may request (there may be none).
If you have already connected PayPal with the casino previously, you can just click “withdraw”. If this is your first PayPal withdrawal, a window will open to PayPal for you to sign in.
Once the withdrawal is confirmed, the funds will appear in your PayPal account.
“We take the privacy of our consumers’ information as one of the most trusted things that people look to PayPal for, because when it comes to financial services, the single most important brand attribute you can have is trust.” – Dan Schulman, President and CEO of PayPal.
When you use PayPal online casino, you know you are getting a secure method for depositing and withdrawing money. The company’s commitment to combatting fraud and keeping user details encrypted means your funds will always be protected and your personal financial details will remain private.
As mentioned, PayPal is not perfect and there may be some users who won’t benefit from using the platform. Needless to say, if you are in one of the countries where PayPal online casinos are not supported, the platform will be useless for you.
Also, it is worth remembering that major transactions carry a fee on PayPal, especially for business accounts. The fees are relatively small, but they are there, so you will need to decide if you can make that compromise or not.
PayPal may be the first major online payment platform, and still the most popular, but it is not the only game in town. Over recent years, increasingly robust PayPal alternatives have arrived on the market. Most these services match the features of PayPal. However, online casinos won’t support these smaller providers as frequently as they will PayPal.
It is worth checking with your online casino if they support any of these PayPal alternatives:
And then there’s Bitcoin (BTC). There is a growing trend of online casinos supporting Bitcoin, the king of the cryptocurrency market. Some people argue BTC is even more secure and efficient than PayPal. Maybe, but now the number of casinos supporting Bitcoin is still small.
When we recommend payment methods for online casinos, we pay close attention to several factors. That’s because we want to ensure that our recommended services are fully legitimate, comply with laws, and are safe for you to use.
Here is the process we use to decide which payment methods to list:
PayPal has helped to make managing your bankroll at online casinos more efficient. You can deposit and withdraw money instantly and don’t need to worry about providing your financial details to the casino. While it has some geo-restrictions, PayPal is increasingly common in the online casino world and more venues are now supporting the platform.
If you have PayPal and have funds, why not drop by your favorite online casino today and start playing some games?
We would love to hear your feedback on using PayPal for your casino transactions, so please feel free to email us, and we’ll add your information to our review pages!
