Paypal is a very popular method of payment that casino players use to deposit and withdraw money. It has a lot of advantages and a few drawbacks. If you don’t know how it works and you wish to learn all the details and potential pitfalls of Paypal, read this post till the end. And if you are just looking for a nice Paypal casino with exciting games and bonuses, go straight to the list of top online casinos Paypal. Choose your favorite platform and sign up:
- 888 Casino
- Mr Play
- Play OJO
- Mr Green
- Casino Action
- Ruby Fortune
- Cosmo Casino
A lot of online casinos accept Paypal deposits and withdrawals. However, Paypal works in selected countries only. Thus, New Zealanders can easily use Paypal for casino payments, while Canadians are restricted from using Paypal.
Paypal is a safe and easy payment service. It is an e-wallet that allows transferring money from your Paypal account to other bank accounts, including the casino’s and yours. Players might feel the need to use an e-wallet for gambling because their banking institutions may not support online gambling. So if your bank blocks transactions to online casinos, Paypal is a perfect alternative. It acts as a shield between your bank and a casino account.
How to sign up with Paypal
To get started with Paypal, you need to search for its official website on Google. Open it and tap the sign-up button. First, you’ll be asked to select your account type: personal or business. Casino players usually pick the personal type because it’s suitable for online gambling since it’s their free time, not work.
Make sure to provide correct information about you, including your name and other required details. Mind that later you will have to pass the KYC (Know Your Customer) checks that imply your ID. So your account name must match the information in your documents. And yes, KYC is necessary. Without a verified account, you won’t be able to use the services of Paypal and transfer money.
Paypal will ask you to enter your mobile phone number. Besides, you need to provide your billing address and email address. The phone number will be used for sending verification codes. Because Paypal uses two-factor authentication, it will send you an SMS with a code every time you log in. This is how your account is protected from criminal activity.
After you complete the registration process, find your confirmation link in your email box. Tap that link and confirm your account.
As you log in to your Paypal account, you need to link your debit card to Paypal. It takes just a few minutes to provide your banking details. And don’t worry, Paypal is secure. It will never share your banking credentials with anyone else.
That’s it! Now you’re ready to use Paypal on online casinos.
How to deposit with Paypal
If you have chosen your Paypal casino, sign up and log in. If not, scroll up to the list of the top online casinos Paypal, and choose your favorite platform.
As you complete the registration process, you need to make a deposit. For this, get to the banking page, select a deposit section, and follow the steps:
- Select Paypal from the drop-down menu.
- Enter the amount of the deposit.
- If necessary, use the promo code to claim a bonus.
- Next, you’ll be prompted to verify your transaction by logging into your Paypal e-wallet.
- Verify it and go back to the casino.
- Confirm the transaction and wait till the funds appear in your casino account.
Usually, it takes no time for the money to drop into your casino account. So you will be immediately ready to choose a game and play!
How to withdraw with Paypal
Withdrawals are easy as well. Here are the steps you need to take to cash out money to your Paypal account:
- Head to the banking page.
- Select a withdrawal section.
- Choose Paypal from the list of options.
- Enter the amount you want to withdraw.
- Confirm the transaction and wait till the money reaches your Paypal account.
Withdrawals are processed a bit slower than deposits. However, Paypal is quick, so for the most part, it depends on the casino how quickly it will process the payment. Make sure you have verified your account and you have no incomplete wagering requirements, etc. All these can delay your withdrawal.
If the request is successful and you got your money, you can leave it on Paypal or withdraw it to the bank card you’ve linked to Paypal. To transfer money, head to the e-wallet’s main menu and click on “transfer money”. Follow the easy instructions on the screen and confirm the payment.
Are there drawbacks to using Paypal at casinos?
Well, Paypal is a very convenient payment method. It is safe and regulated according to high standards. It is free to sign up and use, quick and easy. There is an excellent support team that can help you anytime. Also, Paypal features high limits for transactions and dynamic account management, meaning you can link multiple bank cards and use one Paypal account for multiple online casinos.
And these are the reasons why many players choose Paypal. But there are several drawbacks you should know about before signing up with PayPal:
- Paypal can’t help you get your money back if you’ve been scammed by a casino operator. This is why it’s critical to choose a legit casino.
- Sometimes, Paypal cannot be used to claim casino bonuses.
- Service charges. Paypal can charge different fees, including inactivity fees, sellers’ fees, commission for international transfers, and fees for buying and selling cryptocurrencies.
These are things you might feel bad about. But if they aren’t that significant for you, why not consider Paypal?
Paypal is a perfect payment method for most players around the world. Especially if you don’t want to share your bank details with a casino or your bank doesn’t support online gambling, you can choose Paypal and enjoy online games for real money. But before you actually sign up with Paypal, don’t forget to weigh all pros and cons.