What is PayPal and How Does it Work?
If you are new to PayPal then consider it the middle bank between the online casino and your bank account. It is an online virtual account that you can use to store, send and receive money with one simple click.
PayPal allows individuals to access their bank account from anywhere in the world. Through any mobile or computer device that has internet and enjoy their favourite mobile online casino.
PayPal has transformed the traditional way we pay for products and services through their amazing creation. Allowing users a safe way to now deposit into their casino accounts. There are different types of new PayPal accounts you can create but you are only allowed one account per person. Aside from the free personal PayPal account, there is also the option of a premier account or a business account. There are different types of deposit and withdrawal limits on each account type. PayPal is free to use but there are withdrawal charges when you transfer money to your bank account or pay for goods.
PayPal has security options available and a customer support team protecting your account against fraud & money laundering. And, they even offer a refund service if you buy goods or services through their money platform.
There are email, online chat and a telephone line so if you need any help there is always someone from the PayPal team at hand.
Do All UK Online Casinos Accept PayPal for Deposits and Withdrawals?
Currently, not all UK casinos use PayPal as a payment method. You can check online casinos that accept Paypal by looking at their payment method options. If you aren’t sure then you can either contact PayPal and ask or the casino itself.
Saying this you will most probably find that most reputable and well-known casinos in the UK accept PayPal because of its popularity. PayPal casinos tend to choose this as a payment method because it supports over 25 currencies in over 180 countries. This allows PayPal casinos to welcome international and worldwide players to their platform.
Are There Any Taxes when Depositing and Withdrawing with PayPal?
Depending on the PayPal casino you are using there could be some unknown deposit and withdraw fees when using PayPal. For example, Betfair charges a deposit fee of 1.5% when transferring money from PayPal to casino account. Most casinos will also have a minimum deposit and withdraw limit. Make sure you look these up before continuing. Paypal charge set fees when withdrawing money from PayPal to your bank account and vice versa. Depending on your account type and currency these vary.
When you get your winnings through PayPal the casino will usually have a three day period in which they pay you.
In a lot of cases, it is also instant which is why a lot of people tend to choose PayPal over other payment methods.
Are There Any Casino Bonuses When Depositing via PayPal?
The best online casinos offer bonuses when depositing using PayPal. Depending on the PayPal casinos and their current offers they can offer anywhere up to a 100% deposit match. PayPal dominates virtual banks and e-wallets on the net today, as it is a safe and secure way to deposit and withdraw money. This is why many PayPal casinos offer free slots, free spins, free casino games and extra cash casino bonus with the use of PayPal.
PayPal Payout TimesPayPal is one of the fastest methods that you can use to withdraw your cash from any online casino. For most PayPal casinos, withdrawal using PayPal takes just a few minutes. In some cases, the payouts are almost instant. However, some online PayPal casinos may delay your money up to 24 hours. This delay happens on the casino side, and once the site releases the cash, you should get it immediately. Besides, once your cash gets into the PayPal account, it is usually available for use immediately.
PayPal Deposit and Withdrawal Limits
PayPal has high deposit and withdrawal limits. However, this depends on the individual’s PayPal account. In most cases, users are asked to submit verification documents after reaching a specific limit. After this, the limit is increased. Most PayPal casinos that accept the payment method allow you to pay up to $8,000 a transaction into your online casino account. You can always make PayPal deposits in several transactions. On the other hand, you can receive up to $2,500 before being asked to confirm your identity. After this, you will be allowed to receive more cash.
PayPal has put in place various security measures to ensure that your cash is safe at all times. First, it has an anti-fraud detection system that holds your money if some foul play is detected. It also uses 256-bit encryption to and SSL certificates to prevent tapping of the personal information or hacking of the PayPal account. Besides, it guarantees payments to authorised sellers in that you get your cash back if the seller does not deliver promised. It also does not display personal financial data except for the name when completing a transaction.
Mobile PayPal Casinos
Many of the casinos that accept PayPal have mobile versions of the same. You can also access your PayPal account on your mobile device, whether through the app or mobile browser. Therefore, when it comes to transacting with your casino account, you will just need to open the banking section of the account, fill the payment details and amount before completing the transaction on your mobile PayPal account. It is convenient and easy to use. In addition, you can access mobile casino promotions using PayPal deposits.
PayPal Live Casinos
Most of the leading PayPal casinos also have a live casino section. In the section, you can play your favourite card and casino games such as roulette, baccarat, casino Hold’em and blackjack. You just need to top up your online casino account with PayPal, select your game and the table. Then, determine your bet amount and start playing. The live casino allows you to enjoy the feel of the traditional land casino from your device. You can interact with players or the dealer, depending on the type of game.
Why Is PayPal a Preferred Method for Transfers to Online Casinos?
PayPal is the most notable, preferred and most popular payment method for use with online casinos. It is so easy to use that upon sign up just enter the amount and where you want to send it to and shows up instantly. Users can receive automated notifications instantly when using PayPal making it an even safer method. Also, a great advantage of PayPal is also that you can apply for various online casino bonus code offers.
PayPal is very high on security standards and is always updating its systems. This being with the newest, safest technology and platforms to stop breaches from cybercriminals. Another thing that makes people use PayPal so popular is they only affiliate with online casinos that are fully licensed by the UK Gambling Commission. Also, this allows the user to be confident that the online casino is fully regulated for gambling and casino gameplay.
Fees are clear and known to existing and new PayPal users and most PayPal casinos will state their withdrawal and deposit fees too. So, unlike when you deposit straight from your bank account there will not be any hidden fees.
PayPal has been in operation for over fifteen years and they have gained a high reputation. Thus, you have the assurance that your money and personal details are safe when you use PayPal.
Unfortunately, not all casinos accept PayPal as a payment method. However, you will have no trouble finding a reliable and secure PayPal casino to enjoy casino games at their best.
Which casinos accept PayPal?
Many of the leading online casino brands accept payments using PayPal. These casinos include Bet365, 888, MrGreen, Rizk Casino, 777 Casino, SpiniT Casino, Casino Cruise and betway Casino, among others. Check if your favourite online casino accepts PayPal deposits as one of the payment methods by visiting the banking section of the site or talking to the customer support team.
How to set up a PayPal account?
To open a PayPal account, head to its website using your browser and click the signup button on the top right-hand side of the page. You will be asked to enter personal details that include name, email address, contacts and password.
The account will be asked to confirm the account using a code sent to the phone or email address. From this point, you can receive cash into the account. However, you will be asked to add a credit card or a bank account with which you can make deposits and withdrawals.
Can I deposit and withdraw using PayPal?
Yes. You can deposit and withdraw cash to and from your account using PayPal at all times. Just head to the banking section of your PayPal casino and select the PayPal deposits option. Select the amount to deposit or withdraw and follow the prompts. Be sure to check the limits and policies of your account so that you enter the right amounts. This process should not take you more than a few minutes.
Is it safe to use PayPal in an online casino?
Yes. It is safe to use PayPal for online casino transactions. First, the payment method verifies all casinos that apply to use it for transactions. It also does not show the personal information of the users to the casino account. It uses the latest technologies to protect the account from hacking and tapping of the data.
How fast is a casino PayPal payout?
This depends on the account. However, payments are made within minutes after completing the process. PayPal is one of the fastest payment methods where casino players can use their cash immediately after completing a transaction. Check the payout times in the banking section of your casino with PayPal deposits and withdrawals.
Are there fees for using PayPal?
Most casinos do not charge when you use your PayPal account to deposit and withdraw cash. However, you may be charged for conversion from one currency to another if you play with a different currency than you use on your PayPal. Some PayPal casinos may charge for the transaction. However, this does not exceed 2.5% of the transacted amount.
What shows up on my bank statement or PayPal statement?
On your PayPal statement, you will find a list of all the transactions that you made over a given period. This includes payments and withdrawals to your favourite PayPal casino. The name of the receiver is included in the statement. On the other hand, your bank statement will only show transactions that you made with the account, such as PayPal and other direct payments and not those completed with PayPal.
What are the best alternatives to PayPal?
The best alternative to PayPal is MuchBetter. This is an app-based e-wallet that allows you to send and receive cash from eligible online casinos. You can store the cash or use the MuchBetter debit card to make payments to other merchants. It also has a wearable device that you can use for tapping to pay. Payments and withdrawals using the method are almost instant and most online casinos do not charge for transactions. Other popular e-wallets include Skrill and Neteller.