You’ve most likely heard about the popular ewallet PayPal. After all, it’s built a solid reputation with millions of users worldwide. But can you play using PayPal at an online casino?
The answer is yes! PayPal is an accepted payment method at many online casinos. If you’re thinking of trying it, stay right where you are, as our guide shows you how to create a PayPal account, how to make deposits and withdrawals at online casinos, and much more. Join us for this in-depth review where we’ll reveal all about how to use Paypal!
Before you start using PayPal at your favorite online casino with PayPal, you must create a PayPal account. It’s a simple, free process which we’ll guide you through in a few easy steps.
Now you’re ready to start using PayPal!
Once you have a PayPal account, you are well on you’re way to enjoying gambling using PayPal and the convenience of this eWallet. Now, whether you choose to link your account with a debit or credit card, or your bank account, you should fund your PayPal account. If you’re interested in using online casinos with credit cards, we have a guide for that, too.
After funding your PayPal account, it stores your card details for you. That’s why it’s called an eWallet! If you’re ready to play at an online casino that accepts PayPal, you can head over to the platform to make your first deposit.
Once you’ve made a choice of an online casino, you should open an account. Most online casinos will prompt you to register with your email address and create a password.
Some payment operators will require that you verify your identity. You can read more about online casinos with Boku to compare. The operator will prompt you to verify your identity by providing them with proof of residence and a government-issued form of identification. Some also ask you to take a selfie to confirm your identity further. The KYC or know-your-client process can take up to 48 hours, after which the operator verifies your account. You can now make your first deposit with PayPal!
Next you’ll need to log into your online casino account and go to the “Funds” section. Click on the deposit button and select PayPal from the menu. Insert the amount you want to deposit and make sure it meets the minimum deposit requirements. You’ll be taken to the PayPal website. You should double-check that the amount and operator’s information are correct here. Then click the “Send money now” button, and your account will receive the money instantly.
Is it worth opening a PayPal account? To answer this question, we looked at the deposit and withdrawal times when gambling using PayPal as your online casino of choice.
As we mentioned in the previous section, PayPal deposits are very popular with gamblers as the deposit will reach your online casino account immediately. There is no delay, so you can start playing your favourite games within a few seconds of making the deposit.
Withdrawing money from your online casino account with PayPal is virtually the same as depositing funds. You must log into your online casino account and select the “Withdraw” option. Then, you can choose PayPal from the payment methods available. Then, you can specify how much you want to withdraw and press the “Submit” button. The online casino would have to process your request first, which can take up to 48 hours, depending on the casino. If your request is accepted, the money will be transferred to PayPal instantly. Your withdrawal period depends on how quickly the operator processes your request.
If you made a withdrawal request and you have not received the money in your PayPal account after 36 hours, you can contact the operator’s customer support to enquire about your withdrawal, as the PayPal withdrawal will hit your account immediately within 24 to 48 hours after your request.
If you look at online casinos with Mastercard and you compare its withdrawal time against PayPal, PayPal wins as Mastercard withdrawals can take up to 5 days to process.
|Maximum Amount||$5000 per day||$5000 per day|
These are the limits according to PayPal. However, please be aware that your online casino may have other deposit and withdrawal limits set.
Verifying a PayPal account is elementary, and it’s probably one of the main reasons the payment method is so popular with online casinos. The process of verifying a PayPal account is simple because the PayPal website can verify the account by linking a debit or credit card to the account or a bank account. After the debit card, credit card, or bank account has been linked and confirmed your PayPal account will successfully be verified. PayPal does not request any paperwork to be sent through to them during the process. Even better, the whole process is free of charge.
PayPal was established way back in 1998, when two entrepreneurs, Max Levchin and Peter Thiel, founded a company called Confinity. The following year, Confinity began to operate as a platform for money transfers.
In 2002, PayPal changed forever when it was acquired by the retail giant eBay, which then used it as an official payment method. This relationship facilitated massive growth for PayPal in the next 16 years, as PayPal kept adding support for currencies to its platform. It also went into a partnership with Mastercard in 2007.
In 2015, PayPal and eBay parted ways, but PayPal has continued stellar growth since, including the launch of apps on iOS and Android platforms.
Before choosing to do some gambling using PayPal, it would be a great idea to check out other online casino payment methods that are commonly used. Let’s look at a few other payment providers to see how they measure up:
Visa is a giant credit and debit card company with a long history. Even though PayPal isn’t a small company, most people will probably already have a Visa card in their wallet. It is also globally accepted at most online casinos. However, PayPal has the edge when it comes to withdrawal times.
The main difference between these two providers is that Venmo is currently only available to users in the US, giving PayPal the advantage. PayPal also has the advantage of limits, sending much larger sums of money at a time than Venmo.
Here are some important factors to consider when using this ewallet:
PayPal offers extremely fast deposits, and in most cases, the online casino will also give you the option to also withdraw by using PayPal. However, some online casinos will throw a spanner in the works by not allowing PayPal withdrawals. It could cause delays as the player would have to get another payment provider for the online casino withdrawal. Make sure that your online casino supports PayPal as a withdrawal method.
For all the positive aspects that gambling using PayPal provides, there is a potential issue that we have seen across the online casino industry. Likely, deposits made via PayPal will not qualify to trigger bonuses. If you would like to trigger a bonus, just read the terms and conditions of the bonus first, as the payment methods excluded from a qualifying deposit will, in most cases, be listed.
When you transfer from a PayPal account to an online casino account, you won’t incur any fees. However, you may incur some fees when funding your PayPal account. For instance, if you use a credit card to fund your PayPal account, a 2.9% fee will be charged. When withdrawing funds, you could also pay some commission to PayPal.
The versatility of PayPal is impressive. Gambling using PayPal is a treat as the payment method is widely accepted at most online casinos. Everything was designed with the user’s convenience in mind, from the easy registration process to the instant deposits. Always ensure that your online casino accepts PayPal as a deposit and withdrawal method, and double-check to see if that welcome bonus mentions PayPal as a qualifying depositing method. If you’re unsure about the terms and conditions of bonuses or the payment methods operators support,make sure to visit your casino of choice offering PayPal!
Our gambling using PayPal review details all the fees associated with using PayPal at any online casino. You can refer to this and other reviews to get the info on all the latest fees and rates for all the main payment providers.
We discuss the security measures of all operators, including online casinos with Apple Pay and PayPal. We also look into the safety measures implemented by a payment provider to ensure that your funds and personal information is safe when using the provider. You can read more in our guides and reviews.
Some payment providers are geo-restricted, meaning they are only available to residents of specific countries. We discuss this in our gambling using PayPal review, so be sure to take a look!
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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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