PayPal is a payment method used to deposit money to your online casino account. Here you can find casino accepting Paypal reviews, information about bonuses for PayPal and complete guide for using this payment method.
What is PayPal?
In the past few years the online gambling has changed a lot, in fact its popularity has rapidly increased and it has become a multi-billion dollar industry. With the popularity of online gambling at an all-time high curious newcomers want to get in on the action and see what it’s all about.
With online gambling being one of the biggest sources of online entertainment more and more payment methods have been added to allow users from anywhere in the world to access the online casinos without worrying about how they will be able to fund their account.
One of the most well-known payment methods is PayPal. The name might seem familiar as you might already be using this method of payment to fund online purchases and other online activities. In the online casino industry making use of this payment method hold various benefits.
Stop… What is PayPal?
For those who’ve never heard of or used PayPal there might be some questions regarding the what, who and where. PayPal is a NASDAQ-listed company that allows you to make quick, easy and secure transfers to and from your online casino account or any other site that accepts PayPal.
Many online casino players prefer PayPal as it has plenty of benefits and is compatible with 56 currencies. The payment method is also accepted in 200 markets worldwide and is known for its reliability and quick execution of payments. For players who don’t want to fund their casino accounts directly from their bank accounts, PayPal online casinos is a viable alternative option.
But first, let’s take a look at how it started
Before PayPal became PayPal it was known as Confinity Inc. which was founded by Ken Howery, Luke Nosek, Max Levchin and Peter Thiel in 1998. In this time the company’s mission was to provide secure software for financial transactions for individuals on their private devices. Then in 2000, Elon Musk merged his own online banking company, X.com, with Confinity. It was in this merge that Musk realized Confinity’s operations were much more profitable and started focussing only on transferring money. It was only in October of 2000 that PayPal was launched.
From the get go PayPal reached major success due to its referral system and small signing up fees. PayPal managed to obtain 5 million clients in its first year and more and more people became aware of the service. PayPal was used as a payment method for players to fund their online casino account. In 2003 however they stopped any transactions related to online gambling. In this time period PayPal was one of the largest payment processors for online gambling.
Luckily in 2010 they allowed users to start making online gambling transactions again but this time it was only in countries where online gambling was considered legal. The rules became strict and PayPal even stopped offering their services to be used on online casino sites that didn’t have the licensing documents to legally operate in certain jurisdictions.
The good, the bad and the ugly
As with any other amazing invention there are pros and cons connected which should always be taken into consideration before trying it out. With PayPal you will notice that the pros definitely outweigh the cons but the latter is definitely something to keep in mind.
5 Reasons to play PayPal online casinos
1. Top notch safety and security
Most online casinos that are licensed and regulated make use of the best technical security to protect your confidential information. However, a little added security never hurt anybody. When using PayPal you add a layer of protection to your transactions as PayPal is known as one of the safest ways to make transactions online. By using PayPal you don’t need to provide the online casino with your banking details all you need is your username and password and the transaction is complete.
2. Keeping your identity hidden
Another key feature of playing PayPal online casinos is that you have a level of anonymity. Your gambling transactions won’t reflect on your personal bank statements which makes it easier to provide your account history for assessments of eligibility for loans, mortgages and other services that might frown upon gambling transactions. In short, it helps you avoid having any black marks added to your name.
3. Instant deposits to play
If you are an avid online gambler you will agree that convenience is key and that is exactly what PayPal online casinos provide. Instead of waiting for your deposits to clear like with any regular payment methods using PayPal allows you instant access to your deposits. Once you’ve made your deposits through a quick process of providing your username and password the funds will be allocated to your account immediately.
4. Speedy withdrawals to keep the blues away
Withdrawals are often one of the worst parts of taking part in online gambling, some payment methods even take as long as 30 days to process a withdrawal. When using PayPal there will be a quick verification process on your first withdrawal which takes up to 48 hours. But once this process is complete you won’t suffer through it again and withdrawals will be credited to your account almost instantly.
5. Rewards galore awaits
Most PayPal online casinos offer exclusive welcome bonuses and additional awards to players who fund their account via PayPal. Some operators will in fact even provide extra special deals on top of their daily promotions for those depositing via PayPal. Die hard players know that bonuses and extra rewards such as free spins can help stretch out your gameplay before it becomes time to make another deposit. Thus, using PayPal gives your bankroll a boost and ensures more frequent and bigger rewards.
2 Reasons you might hesitate to play PayPal online casinos
1. Limited amount of PayPal online casinos
The most prominent problem with using PayPal to fund your online casino gambling is the fact that there aren’t a lot of online casinos accepting this payment method. This could be a problem if you weren’t reading this guide but lucky for you, you’ve come to the right place at the right time.
GamblersPick has done all the hard work to find the best PayPal casinos in the world. These casinos have been vetted and reviewed. Things like bonuses, promotions, customer support, gaming variety and other essential online casino features have been scrutinized to ensure you only have access to the best of the best.
Psst… Take a look at the GamblersPick Select PayPal online casinos, be sure to look for the ones with the GamblersPick Select Badge next to them as these are the crop of the cream. You won’t go wrong by choosing any of these online casinos.
2. Restricted Access and Alternative Payment Methods
PayPal can be used in various countries but players from the following countries will not be able to use PayPal for online casino activities.
If you are based in any of these areas you can try use alternative payment options such as iDeal, Paysafecard, Skrill, Neteller, Entropay, ecoCard, Visa, Maestro, MasterCard or Instant Banking.
How it works
Once you’ve created your account you can start by depositing cash into your PayPal account via your selected payment method. These will be transferred directly into your PayPal account. Now all you need to do is find a PayPal online casino and you are good to go.
Don’t forget… We’ve got a list of the top PayPal online casinos listed right here. Browse through them and pick the one that offers the games and welcome bonuses you most desire and start playing.
Depositing via PayPal
Once you’ve signed up at a quality PayPal online casino you can head to the cashier and select to make a deposit. A list of available payment methods will pop up and you simply need to scroll to PayPal and select it as your preferred payment method. You will be taken to a payment screen where you will need to enter the amount you want to transfer and hit the deposit button.
Keep in mind… When making online payments to your online casino account it is always best to find out what the minimum and maximum deposit options are for your preferred payment method, in this case PayPal. This will save you time and unnecessary frustration.
If the amount is given the green light you will be asked to enter your PayPal account details such as your username and password. After you’ve done so and submitted it there will be a quick check to see if you have sufficient fund for the transaction after which the money will be credited to your account immediately. The minute you log back into your online casino account your bankroll should be credited with the full amount and any added bonuses. It’s time to start playing.
The dreaded withdrawals
Much like when travelling packing for the trip is a breeze, it’s the unloading required afterwards that everybody hates. This is the same when it comes to withdrawals especially as some payment options take what seems like forever to process the withdrawal. When using PayPal you won’t have this problem.
All you need to do is head to the cashier, select a withdrawal and choose PayPal as your withdrawal option. You will be redirected to the PayPal withdrawal page where you are required to provide your account details as well as the amount you wish to withdraw. The minute you approve the withdrawal it will be credited into your PayPal account on the spot. Easy as pie.
Excuse me, what about service?
As one of the biggest alternative payment company’s in the world PayPal not only comes with the best security but also a team of highly trained customer support agents. Their team is dedicated to serving customers no matter what the question, query or issue might be. Using PayPal will not just give you peace of mind when it comes to secure payments but also quality of service.
You can contact their support team via the Contact PayPal message box on the official site or you can contact them via phone if there is a pressing matter that requires immediate attention. Bear in mind that phone calls can only be done within certain time periods during the week and over weekends.
Red Carpet Service
When using an alternative payment method you already receive plenty of additional perks and rewards such as instant deposits and withdrawals as well as added security. But for online casino players this just isn’t enough and PayPal knows this. Which is why most PayPal online casinos offer additional bonuses for any deposits made via PayPal which can range from an added 5 – 15% in bonuses. With a little extra added to your bankroll you can live the high life and enjoy playing like a VIP even if it is just for a couple of spins or card hands.
Have your say… If you are an existing PayPal online casino player that has some extra tips, tricks or advice to give to fellow players be sure to join the GamblersPick Community. Sign up is free and by voicing your opinion and sharing your experience you just might help a few newcomers find their feet a little bit quicker.
Using PayPal in Online Casinos
As soon as you have registered an online casino account at a PayPal-friendly casino, you can quickly deposit funds into your account. Your deposits are instantly credited to your account, and any withdrawals of winnings are instantly transferred. The moment you win, you can withdraw your winnings, and manage your online casino bankroll more effectively.
PayPal withdrawals can be credited to your credit card, or direct to your PayPal account. PayPal also offers a debit card that you can use to make purchases with. PayPal online casinos will never ask you for your credit card information when you use this banking option.