PayPal seems to be synonymous with online purchases and payments. Around since 1998, PayPal seems to be one of the few early internet companies that has remained without going under or being gobbled up by some large multi-national. Although purchased by eBay in 2002, PayPal is still the go to payment company for the internet.
PayPal is a money transfer company and not a bank, but is still subject to many of the same rules and regulations. Just like many of the other payment companies, you are required to sign-up and provide either a credit or debit card or a bank account. This provides the customer with certain anonymity where there financial information is not provided to the merchant. With regards to online casinos, the deposit is transacted in the same way with regards to any financial transaction.
PayPal has been one of the preferred payments options for people since 1998. It is easy to deposit/withdraw funds via PayPal, making it one of the most widely used banking methods for online casinos. PayPal is guaranteed secure, and transactions can be processed quickly and smoothly. It is possible to make a minimum deposit at an online casino that uses PayPal to claim a sign-up promotion. This puts this payment method in a superior position when compared to other e-wallets like Skrill and Neteller.
Because PayPal is such a large company, they can demand that their partner companies adhere to strict guidelines and standards. This gives them the ability to terminate their services with any company that breaks their rules or doesn’t comply with their standards of practice. Although this sometimes limits the amount of online casinos that use PayPal, it provides the players with peace of mind knowing that every casino that uses PayPal has to comply with certain standards. One of the rules of having a PayPal casino account is the amount of money you can deposit with regards to a minimum and maximum. At the time of this article it was a $50 minimum and $5,000 maximum per deposit. Amounts and rules change, so be sure to check the current status of both.
PayPal has a huge market, specifically through its relationship with eBay. With this in mind, the online casino market is not their bread and butter which gives them the ability to be particular in who they partner with. This creates less opportunity for the PayPal user in the online casino industry but does provide some solace knowing that whatever casino they are using, that this casino has passed the PayPal test.
http://www.paypal.com
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Well hello there, it’s Dave again, this time looking at PayPal Casinos. As over a hundred million people use PayPal, chances are that you’re familiar with how it works, but on the off chance you’ve not used PayPal before, allow me to explain the important bits about online casinos that accept Paypal. Continue reading.
Can You Use PayPal At A Casino?
The burning question for anyone thinking of using this service in a casino is obviously ‘can I receive payments?’ And the answer is yes my friends, if for some lucky reason another person, or business.
For example, LeoVegas casino, needs to send you money, they can pop it in your PayPal account, which you can then cash onto the bank or debit card you have connected to your account. A remarkably convenient way to securely pay for things via different credit or bank cards.
Deposit & Withdraw Using Paypal
While paying online may still be novel for some folk, using an even newer service like PayPal at a casino can leave people fretting, and there’s absolutely no reason for this. If you’re used to whipping out your bank card and typing in your digits to pay, then you will be delighted about how much easier it is to use PayPal, and it poses no extra risks to your bank accounts.
In fact, it’s actually more secure. Here’s how it works for payments:
And should you be so lucky as to win some cash from your little flutter? The online casino will make funds available on their withdrawal page, as per usual. When you choose to withdraw, you select PayPal as your withdrawal method.
Once again entering your email address and password, and the funds will be deposited into your PayPal account. It’s exactly the same as when you would have previously entered your details to withdraw funds, except you’re sharing a lot less personal information. It couldn’t be safer or simpler.
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Benefits Of Using Paypal At Casino
Despite the many benefits explained above of using PayPal, a lot of people remain on the fence when it comes to setting up an account. To really decide if this service is right for you, have a little gander at the following Pro/Con List:
Pros:
Cons:
Casinos That Accept Paypal
How We Test the Best PayPal Online Casinos?
When dealing with PayPal casinos, it is important to take several questions into consideration. We will discuss each below. We answer each of these questions when testing how good a casino is for PayPal players.
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1. Does the casino offer PayPal?
The first thing we check is whether the casino accepts PayPal. Not all casinos do, since PayPal charges fees for depositing money.
2. Will there be fees for using PayPal?
Some casinos will charge fees for using certain payment methods. You would not want to lose a percentage of your bankroll every time you make a deposit.
3. What are the limits for withdrawals and deposits using PayPal?
While all casinos have minimum and maximum deposits for various payment methods, some impose harsh limits on how much you can deposit and withdraw using PayPal or other e-wallets. When reviewing PayPal casinos, we make sure that the limits for PayPal are not set too low.
4. Will I get the same bonuses for PayPal?
Some casinos will limit which deposit or welcome bonuses you can get, depending on which payment methods to use. Sometimes deposits with PayPal or other e-wallets are even excluded from any bonuses at all! That is why we make sure PayPal players are not excluded from a bonus when testing a PayPal casino.
5. Can I withdraw to PayPal?
If you want to withdraw to PayPal, that should be possible, especially if your initial deposit was with PayPal. There should be no fees attached to the casino. (Of course, PayPal itself will charge you fees, meaning you might consider withdrawing to your bank account instead.)
After answering (and putting to the test) all of the questions mentioned above, only then we decide if the casino is good enough to recommend for the players or we’d rather recommend you a different one instead.
Alternatives to PayPal
Sadly, many casinos do not accept PayPal. Luckily, there are plenty of other options. PayPal is the most famous e-wallet but by no means the most widely accepted in the world of online casinos. Most casinos accept Skrill and Neteller.
These e-wallets work in a similar way to PayPal and are easy to use and just as reliable. EcoPayz is another e-wallet that is becoming very popular for casino players. If you want to use one of these wallets, just create an account with Skrill, Neteller or EcoPayz.
Frequently Asked Question About Paypal Casinos
The answer is yes. Most casinos do not accept PayPal, since it is an expensive payment method. However, there are a few casinos that accept PayPal. We know of several online casinos that do.
Unfortunately not. The list of PayPal casinos is limited. Most casinos prefer not to accept PayPal payments since with PayPal the seller has to pay a fee of up to 5% in order to receive money. Now think that casinos often have a return to player percentage of 95% or more. It is very easy to see why certain casinos would reject PayPal in favor of less costly payment methods.
Luckily there are. Skrill, Neteller, and EcoPayz are three digital wallets that are just as easy to use as PayPal. These e-wallets are just as user-friendly and reliable as PayPal. Just like PayPal, they also charge small fees. The only difference is the way the fees are calculated. You pay only to send money and not to receive it. If you are looking for a PayPal alternative, head over to the Skrill, Neteller or EcoPayz websites and create an account. Most casinos accept these three.
Playing at an online casino with PayPal is very easy. First, you must create an account. Head over to the casino website and create a username with a password. Fill in the rest of your personal details. Next, head over to the cashier. Choose an amount and select PayPal as a payment method. You will be automatically directed to the PayPal website. Log in, and confirm your payment. Your deposit will be instant and you can start playing immediately.
Online Casino Deposit Via Paypal
You can use PayPal as often as you please. There is no limit to how many times you can use PayPal at an online casino or any other online merchant. Simply make sure you have enough money on your real money account to back up your PayPal payments.
If a casino allows PayPal payments, they probably also allow PayPal withdrawals. Simply head to the cashier and select PayPal as a payment method for withdrawals. Choose the amount and as soon as the casino has confirmed the payment, it will appear on your PayPal account. Keep in mind that PayPal does charge fees, which can eat at your winnings. If you can, select a cheaper method.
Online Casino Deposit With Paypal
Yes. PayPal follows international and national banking laws. As such, they need to know the identity of the owner of the account. They can sometimes ask for a copy of your ID, or even utility bills to prove your identity and address. Of course, if the e-wallet was not linked to your personal name, anybody could use it, and you could not prove a thing. This is what makes PayPal a secure, reliable and safe payment provider.
PayPal has been around since 1998. It became popular after it merged with Elon Musk’s X.com in 2000. Since then it has become increasingly popular, becoming the Ebay’s main payment method. In all those years, there has never been a large scandal or data leak. With so many reliable sites and people using PayPal, you can be sure it is safe.
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