With online gaming exploding to massive proportions, things have been drastically changing for the better for lovers of online gambling. With online gambling being made legal in various countries around the globe and regulations in place which ensure the safety of transactions and customers, things are constantly improving, including the number of available payment funding solutions.
PayPal online casinos: The best casinos that accept this payment method
One of these payment methods is PayPal, one of the most convenient and secure payment methods in recent times, that allows players to make online transactions. With a solid record of over 15 years, PayPal is potentially the leading e-wallet solution which is available in 25 various currencies and 180 countries across the four corners of the world. The company, which was taken over by eBay in 2002, transformed into a separate company in 2014 and is now as solid as ever.
Although PayPal has been dominating the e-wallet landscape, more e-wallet alternatives have emerged over the years that offer the same functionality, namely Skrill and Neteller.
How to make deposits with PayPal
Signing up for a PayPal account is as straightforward as they come, only requiring a valid email address to get started. Once you have registered for a basic account, you can then proceed to connect a credit card or a bank account of your choice to your PayPal account.
Here are a few key points you need to keep in mind when using your PayPal account to gamble online:
Making a deposit and withdrawal with PayPal
While many online casinos accept PayPal as a form of payment for either deposits or withdrawals, you must keep an eye out for the terms and conditions that might be attached to the deal. For example, some casinos will only allow you to make a deposit using PayPal, but will request you use other means to make any potential withdrawals.
On the other hand, some casinos might also impose some rather strict withdrawal methods, such as only being allowed to withdraw an amount that does not exceed your initial deposit. Same with everything when it comes to making deposits or signing up to a casino, make sure you read the terms and conditions to make sure that they meet your needs and that you fully agree.
The good thing is that when it comes to making deposits and withdrawals, it’s a lot faster when using PayPal. When requesting bank transfers or credit card withdrawals, they can take up to a week while e-wallet solutions can only take up between one day and three.
Minimum deposit amounts
While the minimum amount can vary anything between €10 and €25, you need to make sure that the online casino you are signing up to accepts deposits and withdrawals from your country. There are some countries where PayPal is accepted such as UK, Italy, Spain, Sweden, Denmark, Austria, Ireland, Germany, and Portugal to mention a few. Check the casino’s gambling license to get a general idea whether it accepts PayPal as a form of funding.
Minimum withdrawal amounts
Withdrawal amounts tend to vary from one online casino to another. Some tend to charge fees for withdrawals while others simply have a minimum withdrawal fee. The minimum withdrawal amount is usually in the €10 – €20 range.
Deposit casino bonuses when using PayPal
Some casinos offer various deposit casino bonuses in terms of percentage depending on your preferred method of depositing. On the other hand, some casinos will charge you a deposit fee when using PayPal. You might want to check out the terms and conditions of the online casino you are signing up to, to make sure you don’t miss out.
Online casinos that accept PayPal as a payment method
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The gentleman in a green suit has been causing waves since the beginning. It has quickly established itself as a gaming icon and attracts thousands of players to its site daily. Having won the Casino of the Year for three consecutive years, has helped seal its position as a gaming giant in the industry.
When it comes to payment methods, you can make deposits and withdrawals with your Visa, MasterCard, direct bank transfers as well as e-wallets such as PaypPal, Skrill and Neteller.
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Making a deposit is a doddle at Karamba Casino since it accepts a huge selection of depositing options including Bank transfers, Sofort, Skrill, PayPal, Visa and Mastercard to mention a few.
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Why should you play at a PayPal casino?
Gone are the days when credit cards and bank transfers were the sole method of payment. At one point, they were your only option of gaining access to an online casino. Now if you want to play your favourite slot game, you have a myriad of payment opportunities including a variety of e-wallets which have entered the online gambling world, adding an element of easy as well as top privacy and security.
Although this payment method doesn’t exactly have its roots in the gambling industry, PayPal has been kicking things up a notch since its inception. It started off in the online retail sector offering customers the chance to pay for anything safely and securely online. Thanks to its high-level data encryption, it pushes safety and security at the forefront. It comes as no surprise then, that many online casinos have rebranded themselves as Paypal casinos and have taken this form of payment as one of their main payment methods.
Top benefits of using PayPal for gambling:
- Trust and safety
- It’s fast
- Minimal fees
The future of PayPal casinos
It has been quite an interesting number of years since this massive payments giant split from eBay, and we can only expect bigger and better changes that could affect you for the better as a player.
For starters, PayPal has re-entered into the online gambling industry in the United States. Although it’s a pilot programme, PayPal is quite keen in expanding its operations and would be highly beneficial for players in the States.
It was also announced last year, that Visa and PayPal have formed an official partnership. It is a sign that this payments giant is willing to consider commercial partnerships. Additionally, this could eventually open more opportunities for gamblers in the near future.
In the future, we can expect PayPal to expand and to become a staple funding method for many online players.
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Fees apply when transferring to a bank account