When depositing and withdrawing cash from an online casino, it’s important that you know your transactions are safe and secure. PayPal is one of the most trusted banking methods in the world, and it presents casino players with the opportunity to fund their accounts quickly and easily. With PayPal casino deposits and withdrawals, you can rest assured that your money is in safe hands.
The Pro’s and Con’s of PayPal
If you’re still deciding on a banking method to use for your online gaming, you should always weigh up the benefits and disadvantages. When making deposits or withdrawals at online casino with PayPal, the pros definitely outweigh the cons.
|Instant deposits||Transaction fees may apply|
|Withdrawals within 24 hours||Not widely available at online casinos|
|High deposit and withdrawal limits||—|
|The most trusted and widely used e-wallet||—|
PayPal and Online Casinos
For players who loves online casinos and needed to make real money deposits, PayPal used to be the go-to choice for most. Then came along the Unlawful Gambling Enforcement Act, or more commonly known, the UIGEA, in 2006. It forced third-party payment processors like PayPal out of the online gambling market. It wasn’t until 2015 when more states in the US started to legalized online gambling that PayPal reentered the market, making it possible for American players to once again use PayPal for their online gaming payments.
Although PayPal has made its way back into the online gaming space, it is very selective about which vendors are able to offer this particular banking method, meaning PayPal casinos are still very scarce.
How do I make a Deposit Using PayPal?
When you want to use PayPal to make a deposit at your chosen online casino, it really couldn’t be easier. All you have to do is visit the cashier page and pick PayPal as your deposit method. Enter the amount of money that you want to deposit and a pop up will open. You will have to enter your PayPal username and password and then confirm the amount. Then, your deposit will be in your account right away.
Remember – if you want to claim a casino bonus and a promo code is required, you’ll have to enter it at the casher. There is usually a little box below the deposit options where you can enter the promo code, so don’t miss out on this step.
Is Making a Withdrawal with PayPal Easy?
Making a PayPal withdrawal is very easy. Just visit the Cashier again and select the withdrawal option. Enter the amount of money that you want to withdraw and select PayPal as the withdrawal option. Again, a pop up will open and you’ll have to login to PayPal. Confirm the amount and the process is done.
Using PayPal and other e-wallets at online casinos is a quick way to withdraw money from your online casino account. It usually takes less than 24 hours and your money will be in your e-wallet. From there, it can take as little as two hours to withdraw the money into your bank account.
When you withdraw from an online casino for the first time, be sure to have identifying documents on-hand. You’ll be required to send the operator documents that prove your identity and address, including drivers’ licenses, passports, utility bills and bank statements. You only need to do this process once.
Are There Fees for Using PayPal?
PayPal is a completely free service. You don’t have to pay a fee to sign up or for a monthly subscription. Casinos will not charge you a fee to use PayPal, but the service itself may require a payment. Depending on where you live, a fee may be charged when you withdraw your PayPal balance to your bank account.
If a currency conversion is required, it will be completed at the exchange rate set by PayPal. This is regularly updated, so you’re always sure to get a fair rate.
PayPal Casino Deposit Bonuses
At online casinos, a wide range of bonuses are available and, often times, the operator will provide you with a bonus based on your chosen deposit method. You can sometimes claim a small bonus worth 15% or 20% when you make a PayPal casino deposit. So, it is always a good idea to check out the promotions page and find out if any deposit-specific bonuses are available.
How Secure is PayPal for Online Casinos?
PayPal is one of the safest methods available when making deposits and withdrawals at online casinos. Your PayPal account acts as a middleman between you and the gaming operator, so you never have to enter your card details online (except for when you first set up your PayPal account). As such, there’s no risk of your details being obtained by a third party.
Still, you shouldn’t have to worry about security too much when making a deposit at an online casino using any method. Online gaming sites use SSL encryption to keep all of your details safe. So, whenever you send personal or banking information to the site, it is completely scrambled to prevent anyone from intercepting and obtaining your details.
With this in mind, if PayPal isn’t your cup of tea, or you’re having a hard time finding an online casino that accepts it, be sure to check out our other deposit methods. There’s bound to be one that’s just right for you, and it won’t be long until you can start the fun part – actually playing casino games.