2.1 How to Get Set Up with PayPal
Getting set up with PayPal is one of the easier ways to get started with online casino payments. Before you think about PayPal slots or casino payments, you’ll need to open a PayPal account. To do this, all you need to do is sign up with your email address and a password, fill out your personal information, confirm contact details, and link a credit or debit card, or a bank account.
Then you’re all ready to go!
2.2 How to Get Set Up for Online Gambling with PayPal
Many online casinos accept PayPal, but it’s always worth reading the terms and conditions on the casino you use.
For those that do use it, there’s very little set up required. When making a deposit, go to the deposit, cashier, or banking screen on your account, and select PayPal as your deposit option.
On some websites, there may also be an option for a promotion or bonus code which can boost the value of your deposit – it’s always worth looking around to see if there’s anything available, whether through site newsletters, social media pages, or from previous emails from the company.
There are usually minimum deposits – this is something you need to know before you start making payments, or even before you sign up to the website.
Withdrawing through PayPal should be just as easy. Often, it will be the default option if you’ve already made a deposit through PayPal. However, some casinos may allow you to make a deposit using PayPal, but will request that you use other means to make any withdrawals – it’s worth bearing this in mind before you start. And, like with deposits, there are often minimum withdrawal amounts.
If you’re using a credit or debit card to fund your PayPal account, you should be aware that there’s a 2.9% fee for depositing into gaming sites. Making the deposit through a bank transfer, however, is free, as is withdrawal from PayPal to your bank account. Make sure you don’t get caught up in fees!
2.3 Advantages and Disadvantages of PayPal
Paypal in a Nutshell
- High Security System
- Easy Use
- Not available for withdrawals at all casinos
What are the Advantages of PayPal?
There are a number of advantages to using PayPal. The primary one is the security advantage – while using PayPal with slots, casinos, or gaming sites, you never have to give out your credit card information. This is especially useful for those who deposit to multiple sites – you can be assured that your details remain secure. PayPal is an additional layer of security for those concerned about their bets.
A second selling point for PayPal is the ease with which it can be used. Playing and paying in a casino with PayPal is straightforward, with many casinos supporting it as a payment option.
You can see exactly which websites allow PayPal by looking here. More than that, however, you can use our site to find which casinos actually give bonuses when you make a PayPal casino deposit, in the form of a percentage bonus on your deposit.
What are the Disadvantages of PayPal?
While PayPal offers a number of conveniences such as restoring your money to you if there’s a failing on the seller’s part, in many countries such as the US, Canada, and Brazil, this no longer applies to online casinos or online slots.
This means that if you make a deposit and a technical error prevents your money from arriving in your gambling account, you’re reliant on the casino themselves to resolve your issue. This does not affect the UK or Germany, among others.
Bear in mind that, as mentioned, not all casinos support PayPal, or if they do, they might only support it for deposits, not withdrawals. In these cases, you should ensure you know beforehand so your money isn’t trapped in the gaming site account.