Last updated on October 16th, 2018 at 12:50 pm
PayPal, unlike traditional payment methods, is a modern E-wallet useful for casino money management online. PayPal has become a standard deposit and withdrawal option at online casinos.
Casino players in licensed regions can use this e-wallet payment option.
How to Deposit Via Paypal at Casinos
Creating a PayPal account is simple. All you need is a valid email address and a smart password, and you can register an electronic wallet account on the PayPal official website quickly.
You then fund the account via credit card or bank account, and you’re good to go. To use PayPal at an online casino, make it your preferred option on the cashier’s page.
PayPal offers instant and secure transactions, which is why its status of a leading online e-wallet solution does not come as a surprise.
The Speed of Depositing and Withdrawing
For players that have access to PayPal, it is one of the fastest forms of making deposits and finalising withdrawals.
Deposits via PayPal are instantaneous. Once you confirm your payment from your PayPal wallet, you can use the transferred money for playing seconds later.
Withdrawals to PayPal are slightly more complicated. The PayPal transaction completes in milliseconds, but the withdrawal processing time depends on the casino.
Some casinos will settle a PayPal withdrawal immediately, while others may take several hours to do so.
PayPal Pros and Cons
The main upside of PayPal is instant transfers and secure transactions. PayPal is known to only work with fully licensed and regulated online casino venues.
PayPal transactions occur instantly, and you can fund an online casino account with the simple application of your email address and password.
PayPal transfers do not involve sharing personal or banking details of the customer.
On the downside, PayPal involves certain transaction fees. The fees charged for PayPal transactions vary from one casino to the next.
The best casinos will bear the cost of PayPal transactions and players will not be charged these fees for either making a deposit or withdrawal.
Markets & Gaming Platforms Available
PayPal operates seamlessly supporting 25 different currencies. The e-wallet service maintains a presence in 180 countries around the world.
The list of supported markets includes countries like Australia, Canada, New Zealand and the United Kingdom.
Residents of these areas are free to use PayPal for online gambling purposes if their chosen casino accepts PayPal as a banking method.
It is also important to know that players can use PayPal across different platforms to fund accounts. If the casino you play at supports PayPal and has a responsive website, you can make PayPal payments and withdrawals from PC, laptop, tablet or smartphones.
PayPal is one of the most popular payment methods online. With PayPal, you’ll be able to carry out casino transactions without delay and enjoy your favourite casino games.
PayPal-conducted payments are easy to grasp, and you’ll always trust your cash to a secure online channel.
All in all, PayPal is a convenient e-wallet method that is used not only for online gambling but online shopping and other commercial activities on the internet as well.