Pros and cons of PayPal
PayPal: Pros & Cons
- Instant withdrawals
- Accepted globally
- High maximum deposits
- May not qualify for bonus
Sign up process for PayPal – a few clicks away
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.
- Go to PayPal and click the “Sign Up” button in the top right-hand corner of the page.
- Now, you’ll be greeted with a choice of accounts. Choose the “Personal Account” option.
- The following window will ask you to enter some personal information. You will need to pick your country of residence from the drop-down menu, insert your email address and pick a strong password, which you will be asked to confirm. Keep your password safe.
- You’ll be prompted to provide more personal information, including your name, date of birth, occupation, address and cell number.
- Now, you need to add a credit or debit card to your PayPal account. Then, click the “Link Card” button.
- Next up, you’ll need to link your bank account (or you can do so later on). Click on your bank’s icon.
- Lastly, go to your email account and find your confirmation email from PayPal. Click the “Yes, this is my email address” button to verify your email.
Now you’re ready to start using PayPal!
Making a payment with PayPal – built-in ease
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.
Open your account at the online casino
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.
Our top 5 online casinos with PayPal payment method
Withdrawal and deposits with PayPal: average time scales – convenience is key
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.
PayPal deposits are instantaneous each time
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.
Withdrawals – is there a catch?
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.
When is too long?
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.
| PayPal | Deposits | Withdrawals |
| Timeframes | Instant | 48 hours |
| Minimum Amount | $1 | $1 |
| 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.
PayPal verification requirements – an easy process
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.
The history of PayPal – steady growth to a superpower
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.
Big break
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.
Split from Ebay
In 2015, PayPal and eBay parted ways, but PayPal has continued stellar growth since, including the launch of apps on iOS and Android platforms.
PayPal compared to other providers
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
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.
Venmo
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.
Top alternative payment options to PayPal
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Three essential facts to keep in mind about using PayPal
Here are some important factors to consider when using this ewallet:
Possible PayPal withdrawal hiccup
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.
Check for bonuses that accept PayPal deposits
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.
Some fees to take heed of
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.
Conclusion – a good all-rounder
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!
Check out our favorite online casino bonuses with PayPal
Gambling using PayPal FAQ
✋How much does it cost to use PayPal to gamble?
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.
❓Is PayPal safe to use at an online casino?
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.
🌎Will I be able to use PayPal at a US online casino?
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!
