Should You Use Paypal for Online Casino Websites?
PayPal is an American financial tech company known for its online payment platform that functions in most countries that allow online payment. It is one of the safest and most secure online money-transferring methods that is a great alternative to traditional options like physical money and checks.
When it comes to online casinos, there seem to be a hundred different ways to deposit money. Different websites sometimes also prefer different methods. But PayPal remains one of the most hassle-free and secure ways of transferring money to your online casino account. It is also one of the fastest ways, as depositing and withdrawing money with a bank transfer can take up to 3-5 days. In this article, we will talk about the merits and demerits of playing casino with PayPal.
Advantages of Using PayPal for Online Casinos
Of course, using PayPal to deposit and withdraw money from your online casino account has its perks. Here are some of the advantages of playing casino with PayPal.
Using PayPal is one of the fastest ways of depositing or withdrawing money. It is almost instant and much faster than bank transfers or using a credit card. If you want to deposit money into your online casino account with PayPal, you can do so instantly. Even if you want to withdraw money from that account, your request will most likely be cleared within an hour. Yes, it will be transferred to your PayPal account and not your bank account. But if you log into your PayPal account and want the money to be transferred to your bank account, it will happen within minutes. Even transferring from your online casino account to your PayPal account takes less time than bank transfers.
No Extra Charges
PayPal does not charge you any extra money for the transfers. Even when you withdraw money from your online casino account, you do not have to pay any extra fees. The online casino may charge you some money for the withdrawal, but PayPal does not. Also, very few casinos actually charge money on deposit and withdrawal, but that does not depend on the payment method but on the casino itself.
Privacy and Security
Security is one of the main concerns when dealing with real money in online casinos. But PayPal is one of the safest options out there. The privacy that comes with using PayPal is almost exclusive to it. You will only have to enter your details once while logging in with your PayPal account. Even that will be anonymous because after you choose PayPal as your transaction method, you will be led away from the online casino to the PayPal website for your details. It is not only easy to use but also private and very secure. If you want to play on an online casino real money with PayPal, then your funds will be completely safe.
PayPal is one of the most popular methods of transactions in online casinos, and that comes with its own bonuses. If you are a PayPal customer who uses it for online casinos, you are more likely to get exclusive bonuses and offers. You can win deposit top-ups, access exclusive competitions and even get free spins if you use PayPal.
Disadvantages of Using PayPal for Online Casinos
Of course, there are some disadvantages for users that play on an online casino real money with PayPal can face from time to time. Given below are the most common ones.
Not Widely Available
Even though PayPal is one of the most common ways of transacting money in online casinos, it is not as widely accepted as bank transfers or credit cards. Most established online casinos accept PayPal, but some don’t. So make sure to check whether or not an online casino accepts PayPal before choosing it.
Not Accepted in All Countries
PayPal, as we mentioned, is widely used in most of the world. Unfortunately, there are some regulations when it comes to using it for online gambling. For example, countries like the USA, Canada, Sweden, Germany, and others do not allow online casinos to accept PayPal.
Some Best Online Casino Sites for Using PayPal
If you want to use your PayPal account for online gambling activities, we have a list of the best online casinos that accept PayPal.
Even though the USA has some restrictions on using PayPal for online casinos, some reputed American casinos are allowed to accept PayPal. Such as,
- Jackpot City
- Spin Palace
- Ruby Fortune
Other than that, here are some online casinos that accept PayPal in other regions.
- Poker Stars
- Robin Hood Bingo
- Jackpot City
If you are confused about which casinos accept PayPal, you can just go to their website and see their payment options to see if they accept PayPal or not.
How To Register with PayPal and Pay in Online Casinos
If you want to use PayPal for an online casino, you must have a PayPal account first. But if you are looking for a casino that accepts it, you probably already have it. Now comes the part of connecting your PayPal account to your online casino account. ‘
First, you have to register or log into your online casino account. Then choose your deposit method as PayPal. Then the site will take you to the PayPal website. If you already have a card linked to your PayPal account, you just have to register with your PayPal email and password, and you will be allowed to transfer money into your online casino account from PayPal.
Withdrawing money virtually also works the same way. Just go to the withdrawal window and put in your PayPal credentials in the popup form, and the money will be transferred to your PayPal account.
Some of the other E-Wallet Alternatives for Online Casinos
As we mentioned before, many countries and casinos cannot accept PayPal as a payment method because of legal reasons. There are, of course, some more widely available alternatives. Neteller and Skrill are two of the most widely used online payment platforms for online casinos. They have fewer restrictions and are accepted in more casinos than PayPal.
If you have a PayPal account, chances are you will want to use it as a payment method for your online casino experience. It is faster, safer, and even cheaper than most other payment methods. If you are in a country where you can use PayPal for online gambling, you should do so, as it really takes out the hassle of bank transfer. But, if you cannot do so for legal reasons, Skrill and Neteller e-wallets are more widely accepted in online casinos and also easy to use.