This article will outline all the information you need to know about using a PayPal casino to deposit and withdraw your funds in the UK. PayPal is available on most UK online casinos as a deposit and withdrawal method. So, if you’re a regular gambler, it’s good to know how, why, and when to use PayPal. Read the rest of the article for the details.
What is PayPal?
PayPal is an online payment option that allows any individual or business to send and receive payments online. The company was founded in California in 1998 by Peter Thiel and Max Levchin, best described as technology entrepreneurs. They managed to develop a successful digital payment platform built to serve payments between consumers and businesses. It was an area that got neglected within the online payment solutions market at the time. Success came quickly for PayPal and continues to this day. In 2018, the company had around 286 million active users and processed 9.9 billion payments.
New PayPal Casinos
PayPal casinos offer a quick, secure, and hassle-free way to deposit and withdraw your funds. Look at the casinos below that allow you to use this unique payment method to handle your withdrawal method.
Why use PayPal to Deposit at Online Casino Sites?
There are several reasons why people choose to use PayPal over other deposit methods at online casinos, and here’s why:
- It’s simple and easy to use
- Depositing funds takes seconds
- Deposited funds are instantly available at the casino
- It has high maximum deposit limits
- Payments are mobile-friendly
- Your bank account information does not get exposed to third parties
- Zero monthly account fees
- Industry-leading data protection and online security
- 24/7 customer support team
PayPal Average Withdrawal Limit and Payout Time
E-wallets like PayPal are currently the fastest casino withdrawal methods. So, if you need the money in your account quickly, it’s a good idea to use PayPal. It’s one of the main reasons it’s one of the top payment providers to handle transactions at online casinos.
Withdrawal limits will vary with each casino, so check individual limits before signing up. On average, you can expect PayPal withdrawal limits to be a minimum of £/$/€10 and up to a maximum of £/$/€ 10,000 per transaction. In addition, the average payout time across most online casinos when using PayPal to withdraw your funds will be up to 24 hours.
How do I Pay at Online Casinos using PayPal?
You’ll need to check that the casino you want to use supports PayPal payments before setting up and verifying your account. Once your betting account is active, you must go to the cashier and select PayPal as your deposit method. Enter the amount you wish to deposit, and then log into your PayPal account to confirm the transfer. Whatever your chosen casino game, all your funds will be available to play with instantly.
Funds will usually get taken from the balance in your PayPal wallet. Alternatively, if you don’t have enough funds in your PayPal account, the money will be taken from your saved bank account details, including credit cards, debit cards, or bank accounts. Please note that some regions do not allow any credit card payments for online gambling. So in this instance, Paypal will not allow the transfer of funds via credit card.
Are There Any Fees Attached to PayPal at Online Casino Sites?
There may be a few exceptions to the rule. However, most online casinos have no fees associated with using PayPal to deposit and withdraw funds. It means that you will get to keep 100% of your winnings and won’t lose any pounds to transaction fees. It is possible because PayPal makes its money from charging the merchant, not the user.
If you love a slot, this popular payment option is for you! E-wallets like PayPal gets regarded by many players as the best method to deposit and withdraw funds for all betting games, including a wide range of online slot games. Check out our list of exciting slot games that allow you to use PayPal to manage your funds and casino winnings.
Find New Slot Games
PayPal is regarded as one of the safest ways to process funds after betting online, thanks to buyer protection, its level of security and strict protocols for their partners. In addition, all transactions made through PayPal are encrypted, making it extremely difficult for hackers to access and use your details.
Any casino that wants to use PayPal as a payment gateway must be licensed and regulated by a legitimate gaming authority. In addition, the casino website must apply the most up-to-date security protocols such as HTTPS and SSL certification to ensure that your data and casino winnings are protected. The team at PayPal has provided enhanced security measures, and the straightforward process makes it even easier to secure fast and instant payments.
Mobile casinos using PayPal
All the available casinos listed below are mobile-friendly ones that accept PayPal payments. They might have an app or utilise mobile-optimised web designs that are responsive to any screen size. Either way, these casinos allow you to play on the move and tap into the benefits of PayPal.
Recap of the Advantages and Disadvantages of Pay by Mobile
- Deposited funds are instantly available
- High maximum withdrawal limits up to £10,000
- Strict security protocols
- No fees for depositing or withdrawing funds
- Mobile friendly payments
- Not all online casino sites accept PayPal
- Some welcome bonuses are not available when depositing with PayPal
Welcome Bonus Available using PayPal
You don’t always get access to the same welcome bonuses when using PayPal’s payment services to deposit and withdraw your funds. So, if you plan on using an E-wallet like PayPal and still want access to the generous welcome offers at online casinos, make sure you play at one of the casinos listed below.
What is PayPal?
PayPal is an E-wallet that any business or individual can use to send and receive payments online. It provides a fast, safe, and easy alternative to traditional payment methods like bank transfers and credit card payments. Once your account is set up, you will only need your email address and password to make payment which simplifies and speeds up the process.
When was PayPal created?
PayPal was created in California in 1998 by two entrepreneurs named Peter Thiel and Max Levchin. It got bought by eBay in 2002 and remained with them until 2015. It is now an independent company operating globally. However, within the Online Casino market, it is only available on Licensed Casino sites.
How to use PayPal to deposit?
To make a deposit using PayPal, you must head to the online casino website’s cashier or banking section. First, find the deposit section and select PayPal as your deposit method. Then, enter the amount you want to put into your account and verify the payment by logging into your PayPal account. Your funds will be available immediately.
Is PayPal secure?
PayPal is one of the most secure payment options available to online gamblers. PayPal has a team of staff who monitor your transactions for fraudulent activities 24/7 to help protect your funds. In addition, any online casino that wants to include the PayPal payment gateway as part of their offering must be licensed and regulated by a governing body. They also must follow strict security protocols, including having SSL certification for their website. It ensures that all payments are encrypted to stop hackers from getting your details.
Are there any fees when using PayPal?
There are no fees associated with PayPal when depositing and withdrawing funds at most online casinos. It is possible because PayPal charges the merchant rather than the user for transactions. Please check the terms and conditions of a casino before depositing, as there are exceptions to the rule.
What is the payout time using PayPal?
UK gamblers should receive their funds within 24 hours of requesting a withdrawal from most online casinos.