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PayPal is a common method of payment in ecommerce. There are lots of new online casinos that offer PayPal as a payment method, and the security, ease of use, and familiarity of this payment method have made it a favourite among players.
PayPal is used to pay for goods, services, and commodities in markets all around the world. Sending money from one PayPal account to another is entirely free.
It is especial popular with ecommerce because the fees are paid by the merchant not the customer. This has lead the platform to massive success in the retail market.
You can buy everything from a meal at a restaurant to an around the world flight with PayPal. PayPal is sent from one account to another instantly.
This second account might be a merchant account or another users account. You can also send money to your own PayPal account, or you can link a bank account, or credit or debit card to your PayPal.
If you do this, PayPal will automatically debit your account. To get your money from your PayPal account to a bank account, you need to withdraw it, and this will take 1 — 3 business days.
In your online casino select PayPal as your chosen payment method and enter in the amount that you want to deposit.
From the point of view of gambling providers, the most notable fact about PayPal is that it works only with online casinos that have a gambling license in the country of the player.
For example, a user with a PayPal account from the United Kingdom will be allowed to deposit from his PayPal account only if the online casino has a gambling license in the United Kingdom.
All you need to get going is a valid email address. When it comes to actually using your PayPal account with online casinos, there are a few key points to bear in mind:.
Some online casinos will only allow you to deposit via PayPal, for example. Always be sure to check the small print before signing up to a casino.
Another aspect to keep in mind in this regard is the cashing out time. Countries where PayPal is accepted: Locations where you can usually expect things to work are: Remember that online casinos can only offer a PayPal functionality in those countries where they hold a valid gambling license.
Some online casinos give different amounts of deposit bonuses in percentage terms depending on which deposit method you use.
Not all casinos are generous, however. Some casinos will actually charge you a deposit fee for using PayPal.
For example, Betfair charges a deposit fee of 1. As with anything in life, there are advantages and disadvantages to using PayPal with your online casino account.
PayPal is definitely easier to use than most other payment methods. PayPal is one of the juiciest targets for cybercriminals in the world but their track record in terms of security over the years is exemplary.
They regularly crack down on attempted fraud in both the online casino space and elsewhere. A sign of how robust their procedures are in general is that even during a major eBays security breach in , PayPal remained secure.
As mentioned previously, PayPal requires that casinos are fully licensed in countries where they wish to allow gamblers to use PayPal.
This is good news from a user point of view as it means you know for a fact the casino is fully regulated. The advantages are pretty impressive and we definitely recommend at least experimenting with using a PayPal account with your online casino.
There are, however, also some negative points to consider:.