However, it seems like PayPal is now coming back to the gambling and online casino market. After the payment method has been approved to be accepted in casinos, it became one of the most-preferred payment platforms. The legal regime seems to be following very strict guidelines when it comes to allowing a casino to accept deposits that have been made by using PayPal.
You can give it a try for just $10 minimum deposit.
PayPal has become one of the biggest and most used payment and money transfer methods used in the online world today. After all, Paypal is primarily an e-commerce system that enables users with the opportunity to make payments across the globe and makes money transfers of users from all over the world possible.
Advantages of PayPal
One of the primary advantages of using Paypal is that the payment method offers literally endless possibilities. No matter if it comes to a regular or a commercial customer, who wants to make a purchase online or wants to transfer money in an online account, PayPal is a great choice.
When it comes to funding one’s gaming balance or withdrawing winnings, it is very important to have a convenient payment method at hand. PayPal is definitely one of the easiest services that allow casino members to manage their money. Unlike other payment solutions, this e-wallet will not require you to provide any card details, banking information or complicated and long codes. The only thing that you will be asked to enter upon requesting a transaction via PayPal is your email address and password which will allow you to access your digital wallet.
Deposits via the service of PayPal are instant which allows players to boost their gaming balances in a fast manner and enjoy their favorite games. A great advantage is the fact that payouts via this method are also very fast, especially compared to some other options.
Many virtual players prefer to resort to the service of PayPal for their casino deposits and withdrawals. One of the main reasons for that is the security that the payment method provides. The reason why PayPal ensure a great level of safety is the fact that players do not need to expose any sensitive information when they are using their e-wallet. This way they avoid exposing their card details or banking information to virtual casinos.
Since PayPal is considered one of the most popular e-wallets, it is very likely that players already have used the service and they will not have to open a new account just for their payments at virtual casinos. Even if you are new to PayPal, you will have no issue creating your account as it takes almost no time.
Another positive side of using PayPal at virtual casinos is the fact that there are some gaming websites which have prepared special promotions, exclusively available only to PayPal users. This way you will have the chance to improve your chances of winning by simply boosting your balance via your PayPal e-wallet.
Finding a PayPal virtual casino is quite easy. As the payment method is extremely popular, there are many online casinos that will allow their members to manage their funds via this service. Even though there are many instances where PayPal wallets can be used only for deposits, there are several popular brands that will allow you to use the service for payouts, too.
Last but not least, casino members who resort to using PayPal for their deposits and withdrawals are often charged either no fees or their additional charges are of a very reasonable amount.
Disadvantages of PayPal
Even though PayPal is often a preferred payment method by virtual players, there are some issues that may convince you to look for an alternative solution. Although the lacking points of this method are not that many, they can make or break your decision about whether using PayPal is the most convenient option for you.
The first issue with this payment solutions is the fact that there are many virtual casinos that do not accept payments via PayPal. This is often due to the laws of certain jurisdictions and the regulations that do not allow some banking institutions to process transactions to or from gambling websites. There is often the case that players will be allowed to make only deposits via PayPal, while they will have to look for an alternative method for their withdrawals. This is definitely quite inconvenient and some casino patrons choose to opt for a payment method that can manage all of their casino transactions.
Also, as a result of online gambling restrictions, US players will not have the opportunity to use PayPal for funding their gaming accounts or cashing out their winnings. Even though there have been several states that have made online gambling legal, PayPal is still not available as a payment option for US players.
If you are utilizing the service of PayPal, you will also have the chance to make a use of the credit, debit and prepaid cards that the company is issuing. You can use your PayPal cards at various merchants and online stores that accept cards by Mastercard. Depending on your needs, you can apply for different PayPal credit cards or the debit and prepaid cards issued by the company.
PayPal Cashback Mastercard
Whenever you use your PayPal Mastercard for purchase, you have the opportunity to enjoy cash rewards. The nature of your purchases does not matter since you will be able to enjoy a 2% cash back on every purchase you make via your PayPal Cashback Mastercard. In order to apply for this credit card, you will have to be a PayPal member and log into your account. As it was mentioned earlier, there is no restriction on the purchases that players make and they can redeem their 2% cash back rewards any time they wish.
In order to apply for the PayPal Cashback Mastercard, you have to be at least 18 years of age and reside in the US or some of its territories.
PayPal Extras Mastercard
This type of credit card is also available to users who have already opened a PayPal account. Only residents of the US who are 18 years of age or older will be able to apply for the PayPal Extras Mastercard. Thanks to this credit card, you will earn 3 points for every $1 you spend on gas or restaurant purchases. The reward for using this card on PayPal and eBay purchases is 2 points for every $1 you spend. For all the other purchases you make via Mastercard, you will receive 1 point for spending $1.
Once you have collected 800 points, you will be able to redeem them for gas, restaurants or retail gift cards. If you have earned 3,000 points, you can redeem them for an electronic, houseware or sports equipment merchandise. As a PayPal Extras Mastercard holder, you will be able to redeem 6,000 points for the prize of $50 cash back. Those who manage to earn 15,000 points, will have the opportunity to get a voucher for a trip which may include the hotel they will be staying at, their plane ticket or a car rental. For new cardholders, there is also the perk of having to pay no annual fee.
If points are not redeemed within the period of 24 months after they have been accumulated, they will expire. The same applies if users do not make any purchases for 24 consecutive months.
PayPal Credit – Digital Credit Line
Thanks to this PayPal card, you will have the chance to use 6 months of promotional funding for making purchases of $99 or more. This means that you will be charged no interest if you manage to pay your balance within the six months from the purchase date. You can use PayPal Credit to make purchases now and pay for them later. Rather than an introductory offer, this is an everyday offer that you can use for every purchase of $99 or more.
When you shop with PayPal Credit, you can still enjoy Purchase Protection, just as with the rest of the services that the company offers.
There is a minimum monthly payment requirement and it is not necessarily the size of the purchase you have to pay within the promotional period of six months. If you fail to pay your balance during the six months after you have made the purchase, you will be charged an interest. When there are individual items which cost less than $99, you are eligible to receive the six-month financing when you pay for several purchases with a single transaction. The total of this transaction must be $99 or more. You cannot combine several individual transactions in order to apply for the financing.
PayPal Cash Mastercard
Thanks to this debit card by PayPal, you have the chance to pay for purchases both in-store or online. You can use your PayPal Cash card anywhere Mastercard is accepted. You can also withdraw cash from ATMs all around the world and even pay no fee for withdrawals from MoneyPass locations.
You can easily transfer money to your bank account by linking your PayPal Cash Mastercard to a valid debit card. The transfer takes around 25 minutes and there is a fee of $0.25. Another benefit of utilizing this card is that you can load cash at over 100,000 retailers. This service will cost you no additional charges.
PayPal Prepaid Mastercard
Wherever debit Mastercards are accepted, you can opt for paying with your PayPal Prepaid Mastercard. You can purchase it online and avoid paying any fee. Once your prepaid card is delivered to you, you can activate it, upload funds to it and use it for your purchases in-store and online. You can easily transfer money from your PayPal account to your prepaid card. In addition to that, there are over 130,000 NetSpend Reload Network locations in the US where you can load money to your PayPal Prepaid Mastercard.
PayPal on Mobile
Since mobile devices are an inseparable part of most people’s lives, many services strive to expand their influence by offering mobile applications. PayPal makes no exception as it also offers a dedicated app that can help users to manage their digital wallet everywhere they go. Whether you are utilizing an iOS device or you have an Android smartphone or tablet, you will be able to download the PayPal app from the corresponding virtual store.
After installing the PayPal app on your portable device, you will be able to send or request to receive money in an easy way. Thanks to the application, you will have a quick access to every transaction which will allow you to keep a track of your purchases and other payments.
Thanks to the Money Pools feature, you can make a custom page which will enable family members, friends or coworkers to chip in for any event that requires funds from several people. This is perfect when you are trying to collect money for a present, a trip or other special event. It should be noted that only users who have a PayPal account will be able to chip in for the page you have created thanks to Money Pools.
You can easily create invoices thanks to the mobile application of PayPal. This way you can receive your money in a fast way, track any unpaid invoices and send customers reminders for the payments they must complete.
The very convenient thing about this mobile application is that it allows users to check their balance, keep a track of their transactions and issue refunds with one tap on the screen. One of the best qualities of the PayPal app is the fact that you can still be sure that you and your money are always protected. To ensure a high level of security the app incorporates features like scanning of a fingerprint and two-factor authentication. Those add an extra layer of protection and can give users a peace of mind.
What are the fees players should consider?
The fees that PayPal users may be charged depend on several factors. For making a purchase or depositing money to a virtual casino, you will not be charged any additional fees. If there is any currency conversion, however, you will have to pay a certain fee. For receiving funds, there is a different fee that depends on the country of residence of users. The standard rate for the United Kingdom is 3.4% plus Fixed Fee.
If you wish to withdraw your PayPal balance and you are a UK user, you will not have to pay any additional fees. For other users, withdrawing to a bank account is also free of charge. Transferring your funds to a card, however, will cost you 1.50 GIP if you reside in Gibraltar and 3.50 CHF if you are a Lichtensteinian user. For the rest of the EU, the fee is 2 EUR.
When PayPal users request a higher limit for the funds they can send, they might be charged a fee for confirming their credit/debit card or banking information. This fee depends on the currency that users have chosen for their PayPal account. The Confirmation Fee that you are charged will be, later on, refunded after the process of confirming your account is done.
Using PayPal as a payment method at online casinos is quite easy. All you need to complete your transactions is to enter the email address and password that you are using to log into your PayPal account. If you still have not open an account, you can easily do so in just a few minutes.
In order to register at PayPal, you will be asked to choose between a Personal and a Business Account. The next step will ask you to provide information such as your country of residence, your first and last names, a valid email address and the password you would like to use. After providing your physical address and phone number, you will be ready with creating your PayPal account. It is possible to use the service for a while without registering any credit/debit card or providing a bank account. However, you will be asked to confirm your account by entering your card details or banking information once you have requested higher sending or withdrawal limits.
Paypal also happens to be very safe and players can rest assured that their money is totally secure. The best part is that it is possible to make payments and transfer money using Paypal without being required to disclose personal financial information to the recipient.
So, in order to be able to use Paypal, a player needs to create an account. It is not mandatory to own a credit card to be able to utilize the service. Owning a regular bank account will also be sufficient.
Funding Casino Account with PayPal
Choosing the payment system provided by PayPal guarantees that players will be provided with a safe and risk-free way to transfer some money to and from their account.
Once you have found the virtual casino where you would like to play, you can head to the Cashier page in order to upload funds to your account. Look for the “Deposit” option which will allow you to transfer money to your casino balance. Enter the amount you would like to deposit and pick PayPal from the list of payment options that the casino accepts. As soon as the player enters the amount they would like to deposit, they are sent to a PayPal deposit window. Then, they are required to log into their PayPal account by entering an email and a password. In case that the player’s balance in the account is sufficient, the desired amount of money will be immediately transferred to their online casino account.
Withdrawing Funds to PayPal
PayPal is truly the leading payment method used in online casinos. Unfortunately, the number of online casinos that allow players to withdraw their winnings by using PayPal is relatively smaller in comparison to some other well-known e-wallets.
The truth is that the withdrawal policy of every casino is different, so it is the casino that can make any alterations in its deposits and withdrawals policy. There are often cases where even if players are allowed to use PayPal for their payouts, they will be able to cash out only the same amount as their deposits made via the same service. This is why it is important to check your payment options before you use PayPal in the virtual casino of your choice.
If you have found a virtual casino which accepts withdrawals via PayPal e-wallets, you will have no issue initiating a cashout. You will have to head yet again to the Cashier page, look for the “Withdrawal” option and enter the amount you would like to cash out. The next step is choosing PayPal from the list of cashing out options which will redirect you to a page of the service, just as it is with deposits. Once you have confirmed the transaction, you will be able to receive your casino funds in a very short amount of time.
Currently, PayPal is not only one of the most commonly used payment service providers for purchases from online merchants but many players resort to their PayPal e-wallets at online casinos. This is due to the fact that the service is one most secure ones when a transaction is being made.
The payment method guarantees that its customers’ personal and banking details are not to be revealed to any third parties. PayPal’s special Buyer Protection serves as a proof that the company does its best in order to offer maximum safety to players. In order to protect its users’ sensitive information, the company is utilizing security measures such as encryption technologies, firewalls, strict access restrictions on the data centers and control over the authorization access.
Thanks to the security measures that PayPal incorporates, online players, can be sure that their funds and personal data are properly protected from fraudulent activity. What is more, due to the fact that players are asked to enter only their email address and e-wallet password, they avoid the danger of sharing sensitive information with third-party companies.
This is probably the oldest online casino that is still around. It is powered by the 888 gambling company, so if you are looking for a reliable place to play at, you cannot go wrong with this site. The web-based casino holds valid licenses issued by the Government of Gibraltar and the UK Gambling Commission. Both of the jurisdictions are trustworthy and serve as a proof to the fair and safe gambling that Casino-On-Net provides.
If you are a resident of Austria, Denmark, Finland, Germany, Ireland, Italy, Portugal, Spain, Sweden or the United Kingdom, you will be able to use PayPal as your deposit and withdrawal method. By using your PayPal e-wallet, you will be able to transfer funds to your gaming account instantly and play your favorite games right away. Once you have used this method for your casino deposits, you will be allowed to request a withdrawal via PayPal as well.
What casino games you can play with PayPal?
- Slots: 3 reel slots, 5 line slots, video slot machines, bonus slots, jackpot slots
- Video Poker- Jacks or Better, Tens or Better, Deuces Wild, Aces and Faces
- Roulette- French Roulette, American Roulette, European Roulette, Live Roulette
- Blackjack: European Blackjack, Switch Blackjack, Spanish Blackjack, Live Blackjack
- More table games: Craps, Baccarat, Casino Hold’em, Caribbean Poker