Paypal is a method of paying money and accepting payments online using your bank account, debit card or credit card without having to fill out your financial details each time. It’s been around since 2001, and with 173 million users using the service across 202 countries, it’s one of the most highly trusted methods of transacting money online.
If you regularly shop online using eBay or Amazon, you may already have an account. So why is it worth using PayPal at an online casino?
Time saving convenience
The main reason people love PayPal is simple – it’s a shortcut! If you hate typing in your card details every time you pay for something online, PayPal is a good time and effort saving solution. If a casino accepts deposits via PayPal, all you have to do to complete a transaction is log in when prompted using your email and password.
It’s much faster than finding your account number and sort code or going through online banking security tests. This is especially useful if you like to gamble on mobile while you’re out and about.
Instant withdrawal time
Another way PayPal is speedy! If you use your bank account regularly, you might have noticed that it can sometimes take up to ten working days to withdraw funds. PayPal on the other hand is almost instant!
However, not all casino sites will offer instant withdrawals on their end, so be sure to check their Terms before you get excited to spend your winnings.
Free to use
PayPal is always free for customers if you make payments or withdrawals in your native currency. Other eWallets like Neteller or Skrill can charge up to 7.5% to withdraw your casino balance, making PayPal the better option in terms of cost.
In the past, some casinos charged you to deposit or withdraw using a PayPal account, probably because it’s expensive to integrate its services. It’s rare that you’ll now find a casino that adds transaction fees, but still check before depositing to avoid any unwanted charges.
Whenever you use a new operator or service you’re unfamiliar with, it’s possible you’ll feel a little uncertain about the site’s legitimacy. But seeing the recognisable PayPal logo is a reassuring sign.
PayPal is very strict on which websites can use its services, particularly gambling brands. Therefore, if you see the PayPal logo on a bingo or casino site, you can be confident that it’s fully licensed by the UKGC because securing a partnership is difficult for operators.
All large eWallet services have sophisticated security systems and PayPal is no exception, using 24/7 data encryption and anti-fraud technology to help keep your information safe and secure. It also has a highly effective customer service system with a dedicated dispute process and ‘Resolution Centre’, so you can fix any issues stress-free as soon as you’re made aware.
All transactions are monitored to help prevent fraud or identity theft with alerts triggered if any ‘suspicious’ activity is spotted on your account. You’re not liable for any unauthorised transactions made on your account and should always report them immediately.
You may not be eligible for a welcome bonus
Some online bingo or casino sites exclude their offers from those who deposit using PayPal. Double check the terms and conditions for the welcome offer you’re interested in – if it excludes PayPal deposits, it would be worth using another deposit method for your first transaction and maybe switching to PayPal later on if it suits you.
How do I create a PayPal account?
Creating a PayPal account is free and easy, simply visit the PayPal website or download the app. Click ‘Sign up’ and choose a personal account, then follow the prompts to input your information and link your bank account, credit or debit card. Be sure to verify your account by confirming your email address before you try to use your account on an online casino site?
How can I deposit on a casino site using PayPal?
Firstly go to your chosen casino site and click deposit. Then choose to add a new payment method and select PayPal. Decide how much you want to deposit, and from there you’ll be taken to the PayPal login screen. Finally, enter your email and password to confirm your payment.
Is PayPal better than other methods of payment?
While every online transaction method has its pros and cons, PayPal does rate quite highly across the board. It’s one of the most popular online services and there’s a reason that’s so! With zero fees and instant withdrawals, it’s a fast, cheap and reliable way to go. However, some people may prefer to use their credit card in order to accrue points. Others may prefer to use Monzo as it allows you to self-block gambling sites if you feel you are spending beyond your means. It’s up to you to do your own research to discover your own preferences!
Are online casinos safe with my payment information?
Online casinos are required to have a fully transparent policy regarding their deposits and withdrawals policy in an easy to find place on their site. Be sure to have a read-through before committing your money down. If you’re still unsure, check out our recommended online casinos here and read through our casino reviews here to determine whether you’ll have a positive customer experience.
To learn more about how to get started with online casinos, check out our handy guides on how to choose an online casino and how to play online casino games!