What is PayPal?
PayPal is an e-wallet that allows individuals or businesses to send and receive payments online. The company, founded in California in 1998 by Peter Thiel and Max Levchin, is best described as a technology entrepreneur. The unique digital payment platform serves payments between consumers and businesses. It was an area neglected in the online payment solutions market. Success arrived quickly for PayPal and continues to this day. In 2018, the company had over 286 million active users and processed 9.9 billion payments.
Its success is partly down to its simplicity. You need an email address to access this popular alternative banking solution. Once you have an account, it delivers a safe and secure way to send and receive funds online, which is why it gets used as a payment gateway on legal US Online Casinos.
Paypal can be used to order food from a local restaurant, order a product straight to your door, and deposit funds into an online betting casino. So whatever your game, slot, or roulette, find out why PayPal is a safe online payment option!
New PayPal Casinos
PayPal Casinos offer a quick, secure, and hassle-free way to deposit and withdraw your funds. Check the casinos below that allow this payment method to handle your casino transactions.
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 straightforward to use
- Depositing funds takes seconds
- Deposited funds are instantly available at casinos
- 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 fast, it’s a good idea to use PayPal. It’s one of the main reasons it’s a top payment provider for handling 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 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?
Before setting up and verifying your account, you’ll need to check if the casino you want to use supports PayPal payments. Once your casino 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 gets 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 dollars to transaction fees. It is possible because PayPal makes its money from charging merchants, not the players.
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. Review a list of exciting slot games that allow you to use PayPal to manage funds and casino winnings.
PayPal is a safe way to process funds after playing online, thanks to buyer protection, its level of security, and strict protocols for its partners. In addition, all transactions made through PayPal are encrypted, making it extremely unlikely 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 state gaming authority in the United States. In addition, casino websites must apply up-to-date security protocols, such as HTTPS and SSL certification, to protect data and casino winnings.
PayPal provides enhanced security measures, and a straightforward process makes it even easier to secure fast and instant payments.
Mobile casinos using PayPal
All available casinos listed are mobile-friendly ones that accept PayPal payments. They either have an app or utilize mobile-optimized 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.
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.
Recap Advantages & Disadvantages of Paypal