Online Casino Payment Methods : PayPal
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 gateway 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 who are best described as technology entrepreneurs. They managed to develop a successful digital payment platform that was built to serve payments between consumers and businesses. An area that was neglected 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.
Its success is partly down to its simplicity. All you need is an email address to gain access to this popular alternative banking solution. Once you have an account, it provides you with a safe and secure way to send and receive funds online which is why it’s used as a payment gateway on all types of websites. You can use it to buy food from a local restaurant, order a product straight to your door and of course, to deposit funds into an online casino.
New PayPal Casinos
PayPal casinos offer a quick, secure, and hassle-free way to deposit and withdraw your funds. Take a look at the list of casinos below that allow you to use this remarkable payment gateway to handle your funds.
Why use PayPal to deposit at online casino sites?
There are a number of reasons why people are choosing 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 is not exposed to third parties
- ✔ Zero monthly account fees
- ✔ Industry leading data protection and online security
- ✔ 24/7 customer support
PayPal average withdrawal limit and payout time
E-wallets like PayPal are always the fastest 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 why it’s one of the most popular methods to handle transactions at online casinos.
Withdrawal limits will vary with each casino so be sure to check individual limits before you sign up. However, on average you can expect PayPal withdrawal limits to be around a minimum of $/$/€10 and up to a maximum of $/$/€ 10,000 per transaction.
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?
The first thing you’ll need to do is check that the casino you want to use supports PayPal payments before setting up and verifying your account. Once your account is active you will need to 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. All of your funds will be available to play with instantly.
Funds will usually be 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 one of your saved payment details which can include credit cards, debit cards, or bank accounts.
Are there any fees attached to PayPal at online casino sites?
There may be a few exceptions to the rule. However, there are no fees associated with using PayPal to deposit and withdraw funds at most online casinos. This means that you will get to keep 100% of your winnings and you won’t lose any pounds to transaction fees. This is possible because PayPal make their money from charging the merchant, not the user.
E-wallets like PayPal have been regarded as the best method to deposit and withdraw funds for all casino games, including online slot games. Check out our list of exciting slots that allow you to use PayPal to handle your funds.
Find New Slot Games
PayPal is often regarded as one of the safest ways to process funds online thanks to buyer protection and strict protocols for their partners. All transaction made through PayPal are encrypted which makes it extremely difficult for hackers to access and use your data.
Any casino that wants to use PayPal as a payment gateway will need to 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 is protected.
Mobile casinos using PayPal
All of the casinos you see listed below are mobile-friendly casinos 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 PayPal
- ✔ Deposited funds are instantly available
- ✔ High maximum withdrawal limits up to $10,000
- ✔ Strict security protocols
- ✔ No fees to deposit or withdraw funds
- ✔ Mobile friendly payments
- ❌ Not every online casino accepts 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 you use PayPal 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 was bought by Ebay in 2002 and remained with them until 2015. It is now an independent company operating globally.
How to use PayPal to deposit?
To make a deposit using PayPal you will need to head over to the cashier section of the online casino website. When there, find the deposit section and select PayPal as your deposit method. Enter the amount you would like 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 who 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 which include having SSL certification for their website. This ensures that all payments are encrypted to stop hackers from getting hold of 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. This is possible because PayPal charge the merchant rather than the user for transactions. However, please check the terms and conditions of your chosen casino before depositing any funds as there are some 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.