PayPal can also be used to fund online casino accounts, though it is not as popular an option as you might expect. The company is very careful in their policies regarding online gambling, and that abundance of caution means that it will not allow many gambling sites to accept PayPal.
PayPal is one of the most important global payment and money transfer systems on the internet today. However, despite the massive popularity enjoyed by the site, PayPal online gambling is a relatively uncommon feature at internet casinos. That said, there are sites that will accept PayPal as a payment method, and when they do, it is one of the easiest and most convenient ways to fund online gambling accounts.
To find out more about using PayPal for online gambling payments and whether the payment provider is available to you, read on:
- Learn how to make an online gambling payment with PayPal
- Find out why PayPal isn't universally accepted
- Discover those sites where you can game with the payment system
How to Make PayPal Online Gambling Deposits
If you've ever made an online purchase using PayPal, you'll have a pretty good understanding of how PayPal online gambling works. While you can technically use PayPal in a basic manner without opening an account on the site, if you want to get the most from PayPal for online gambling, we definitely recommend doing so. This will also allow you to connect your PayPal account to credit cards or a bank account, giving you both a source of funding for your online gambling and a way to withdraw your winnings at a later date.
Once you have your PayPal account set up, visit the PayPal online gambling site of your choosing. In the cashier section, you should find PayPal listed as a payment option. From there, you'll need to input some basic information and let the site know how much money you'd like to deposit. You'll then be taken directly to your PayPal account, where you'll be able to determine exactly how to pay for the deposit. The money will then be instantly transferred to your gambling account, allowing you to begin gambling online with PayPal!
Why Isn't PayPal Gambling Online More Widely Available?
With PayPal being so popular, trusted, and easy to use, it's only natural to ask why it hasn't become a dominating force in online gambling payments. Certainly, just about every internet casino or gambling site would love to be able to offer PayPal online gambling deposits, but most never have the opportunity.
Until 2003, online gambling with PayPal was widespread; in fact, at that point, PayPal was the top internet gambling payment processor in the world. But that year, PayPal decided to stop accepting online gambling payments to ensure they were on the right side of any legal issues in the United States and other nations. PayPal online gambling came back in 2010, when the company said they were once again okay with allowing such transactions.
However, there was a major catch. PayPal was only willing to process payments for a select number of sites. In order to qualify for PayPal online gambling, a site needed to operate only in jurisdictions where online gambling was fully legal and regulated, thus excluding nations such as the United States. The sites must also be registered to operate in those jurisdictions. If a site meets these requirements and is approved, it can offer online gambling with PayPal.
Advantages to Online Gambling With PayPal
If PayPal online gambling is available to you, it may very well be the easiest way to make online gambling deposits. If you do any sort of business online, you may already have a balance in your PayPal account, meaning you won't have to find another funding source to use. If not, you can use PayPal as an intermediary between your bank account or credit cards and your online gambling sites.
Another plus to using PayPal is that it can also handle your withdrawals. Once you've transferred money from your gambling accounts to PayPal, you can hold the money there, withdraw it to your linked bank account, or use it to make a PayPal online gambling deposit elsewhere.
Only the Best PayPal Online Gambling Sites
If you want to gamble online with PayPal, we'll help you find the best sites that offer this e-wallet as an option. The top PayPal sites are not only ones that allow you to make deposits this way, but also ones that are reliable, safe, and fun to play at. Our staff has reviewed and rated all of the best PayPal online gambling sites, allowing you to find the ones that are right for you.
Our reviews cover a whole range of topics that are important to reads who want to enjoy online gambling with PayPal. We cover the games at each site, the quality of the software, how favorable the odds are for players, and the bonus offers available for new signups. By relying on the reviews here at Gambling.net, we're confident that you'll find the PayPal online gambling sites that are right for you.
PayPal FAQ
Is using PayPal at online casinos safe?
PayPal is one of the safest online payment methods available in 2020, as you only provide the casino with your PayPal email address in order to transfer real cash. Of course, the transactions' safety also depends on the casino you have chosen, so only create accounts and deposit money at casinos you trust.
Why should I use PayPal to gamble online?
There are many reasons that make PayPal an excellent online banking method: it's a safe and secure way of transferring money which is widely accepted by websites and online services. PayPal also provides very quick transfers at minimal transaction fees, making it apayment method that is superiorto others online.
Can I deposit & withdraw using PayPal, and are there fees?
Yes, you can both deposit real cash and withdraw your real cash winnings through PayPal. PayPal charges minimal fees per each transaction, making it more worth it to transfer larger amounts at one go.
How fast are deposits and withdrawals using PayPal?
Online Casino Using Paypal
Deposits with PayPal are almost instant – soon after you issue the payment notice to the casino, the money will be in your gaming account. Withdrawals can take a little longer, but usually you can have the cash in your PayPal account within 3 working days.