Why Should You Use PayPal at Online Casino Sites?
PayPal is one of the most recognised names when it comes to online banking options and it is no surprise to see that there is almost 500 million registered users across the globe. If you’ve never used PayPal with your online casino before, here are just a few of the reasons why you should be considering it;
- It’s free to open an account and there are no deposit fees.
- Top level 24/7 customer support with anti-fraud, email phishing and identity theft.
- Fully licensed and regulated to the highest level.
- Play at any PayPal supported casino with just one account.
- One Touch payments allow you to pay and play with just a one click.
- High level encryption to guarantee secure transactions.
- Store multiple bank cards and accounts in one PayPal account.
- Pay with PayPal at millions of different online retailers around the globe.
Factors to consider before choosing a casino that accepts PayPal:
When it comes to choosing a medium for financial transactions, being cautious and finding out everything there is to know about your options is definitely the best way to go. Therefore, choosing a casino just because you like its games AND it accepts PayPal is not wise, you should definitely take into consideration some other factors too.
- For starters, does the casino have limits placed on the amounts that can be withdrawn or deposited in your PayPal account? Some casinos have a specific maximum amount that can be deposited in a day, so if you are someone who plans on winning large sums on a frequent basis (and hence make big deposits), that cap on deposits might get in your way. On the other hand, some casinos have rules that specify how much you can withdraw per day, so if you somehow manage to make a big winning one fine morning, you will not be able to reap the total prize on that very day.
- Secondly, how much time does it take for transactions to be processed? This “processing time” is the sum of how long it takes for the money to be transferred to your PayPal account, and the amount of time you have to wait before the money comes to your hand after you have requested for a withdrawal.
When it comes to deposit times, almost all the casinos are quite swift as most deposits are made instantly, and at extremities, about 10 minutes might be needed. Since depositing is a relatively simple process, the fund is transferred to your player account almost as soon as you request the transaction.
However, that is not the case with withdrawal. Since withdrawal means that you will be physically obtaining the money or getting it transferred to your personal bank account, it requires a lot of verification and checking. For example, the operators have to ensure that any sort of terms and conditions related to the bonus on your winnings have been followed/fulfilled and there is no clause that prevents you from getting the money. They also perform identity checks which prevent money laundering. Even then, the time needed for players to be credited the money is much faster using PayPal compared to when they use a debit or credit card to get the money. Usually, about 2 days to a week is needed.
- Lastly, will you have to pay any charges if you use PayPal? Some casinos have a fee on PayPal transactions, some don’t, so you might want to spend some time thinking about this. Casinos which charge a fee are basically asking you for the money they have to spend to use PayPal’s services and the ones that do not simply absorb the cost and add it to their minimum deposit limit. Either way, it is up to you to decide which seems most feasible to you.
Now, let’s move on to the real question. Why PayPal?
Why should you choose casinos that accept PayPal?
PayPal guarantees safe transactions
PayPal has come a long way since it was first established in 1998, and over the course of its long journey, it has earned the reputation of being one of the safest ways to transfer money and make transactions online. Hence, if you are using PayPal, you already have an extra layer of security compared to someone who is not.
There are many ways by which PayPal ensures your security. First of all, you get to keep your banking credentials safe and secure. PayPal will be linked to your debit/credit card and it is their responsibility to keep your banking information safe, but you do not have to worry whether the casino will protect your information or not as they will not be getting those in the first place! All you have to do is enter the username and password of your PayPal account in the casino’s website and your deposits/withdrawals can be made whenever you have to, without needing you to enter any extra information.
This is also quite convenient as you will not have to fuss with lengthy credit card numbers often. However, do keep in mind that the safety of your PayPal account lies in your hands. It is up to you to set up a strong password which is a good combination of upper and lowercase alphabets, numbers and even special symbols if you can remember it properly. NEVER share your password with anyone else.
Since PayPal is an electronic means of transferring money, it has to be strongly protected against electronic crimes such as interception or stealing of data. And, to our delight, PayPal is heavily guarded. PayPal uses the most modern and advanced encryption technology to make sure that your transactions will not be understood/decoded by any prying eyes.
Whenever you will need to make a deposit at an online casino, you will not make it through the site of the casino. Instead, a separate secure window will open in your browser to connect you to the company’s own official website. You can make sure it’s the real deal by checking the small green padlock sign that signifies a secure connection. By clicking on it, you can farther check the details of your connection including the technology used to protect your transaction, certificates that ensure security and what not. You should also see if the URL begins with “https://”.
The Benefits of the Best PayPal Casinos
Convenience and Speed
When it comes to depositing money into your online casino account, PayPal is one of the fastest methods. Once you have created a PayPal account and you have all of your banking details linked to it, you can deposit money into your online casino account with just a few simple clicks. This can be even faster if you are using the PayPal One Touch system which allows you to pay for goods or deposit funds with just one single touch.To activate the PayPal One Touch service, simply head over to the PayPal site and choose to activate the One Touch service. This means that once it is set up on your mobile, you will be able to deposit funds with a simple, single touch.
One of the great things about using PayPal is that you will never be charged for depositing funds into your online casino account. To go along with this, when it comes to withdrawing funds, this is also faster than many other traditional banking methods. The withdrawal will usually be completed in less than 24 hours, although it is worth checking with your online casino for the exact times. It must also be noted that small withdrawal fees may apply, as they often do with other quick withdrawal methods such as Skrill and Neteller.
When it comes to ease of use, design and interface, PayPal scores very highly with an extremely easy to use, well laid out website and mobile app. Some E-Wallets can be rather daunting when you first sign up to them, with complex systems for registering and depositing, but this is not the case with PayPal. The journey from registering, to depositing, to withdrawing is extremely streamlined with a simple, well thought out system in place.
When it comes to your money, you want it to be safe and secure. Fortunately, PayPal is one of the safest and most reputable online payment services in the world. Within the UK, PayPal is regulated by the Financial Services Authority (FSA) and is held to the same levels of standard as a regular bank. This means that PayPal is closely monitored at all times and your money is fully protected by financial laws.
You don’t have to worry about data loss when it comes to using PayPal either, as all of transactions made using the service are securely encrypted to the highest level. This means that all of your personal and financial details are never share with the online casino and this information cannot be intercepted by hackers. If something were to happen to your money, PayPal has a number of guarantees in place to protect its customers from fraud and it is quick and simple to get any money back which was fraudulently taken.
There are plenty of new E-Wallet services around, but if you’re looking for a well established and well trusted name, then you really can’t go wrong with PayPal. With over two decades worth of experience and hundreds of millions of active users, you can rest assured that both your money and your personal data is safe with PayPal.
When it comes to customer support, PayPal is right up there with the best of the best. You can access 24/7 live chat support, as well as 24/7 phone support. These are just two of the ways in which you can get your issues dealt with, along with email support and customer feedback forms. PayPal prides itself on having great customer support and this can certainly be seen across the board.
When it comes to the global reach of PayPal, it is simply huge. PayPal operates in 202 different markets and supports 25 different currencies. You can use PayPal on hundreds of millions of websites around the globe, from paying for groceries, buying clothes, purchasing sports tickets or gambling. PayPal has you covered at every step of the journey. If you’re looking for an all-in-one payment method to use across the web, then PayPal really is the best option around.
PayPal Casino Fees
When it comes to adding funds to your online casino account, usually the only time you will ever be charged fees is if there is a currency conversion which needs to take place. If you are depositing funds into your account, in your own currency, it will usually be completely free.
If you’d like to withdraw your winnings to your debit card or bank account, then this is also free, even if you originally deposited the funds using your PayPal account. Some online casinos will charge a fee for withdrawing your money back to a PayPal account and we have listed some of these below.
|Casino Site||Deposit fees||Deposit Time||Deposit Limit||Withdrawal Time||Withdrawal Limit|
|Betfair||2%||Instant||No Max Limit||1-2 days||£500,000 per day|
|Mansion Casino||None||Instant||£10,000 Max||1-3 days||£15,000 per withdrawal|
|LeoVegas||None||Instant||No Max Limit||3-5 days||No Max Limit|
|888 Casino||None||Instant||No Max Limit||4-5 days||£30,000 per month|
|Regal Wins||None||Instant||No Max Limit||5 days||No Max Limit|
The Best PayPal Casino Bonus Offers
Bonuses have become hugely important in the online gambling world, with both sports bookmakers and online casinos offering a number of bonuses for both new and existing customers. Bonuses give you a great chance to get extra funds or get free spins. If you’re getting money for free, then you must consider that it will usually come with high wagering requirements. For example, if you were to get a 100% deposit bonus, you may have to wager any funds you receive 50x before they can be withdrawn.
This is something which you must consider when choosing a welcome bonus, for example if you are only a casual gambler, the chances are that you are not going to have the time to turn over a deposit 50 times.
When it comes to choosing a welcome bonus, there are a number of important things to consider;
- Wagering Requirements – This is how many times you have to turn over your bonus before you can withdraw the money to your account.
- Wagering Deadline – This is how long you have to meet the wagering requirements until the bonus funds expire.
- Restrictions – You also need to consider whether there are any games which don’t count towards your wagering requirements.
- Betting Limits – Most casinos will put minimum and maximum limits on bets that count towards your wagering requirements.
Some of the casinos which accept PayPal deposits from within the UK include;
|888casino||100% up to £100*|
|Mansion Casino||100% up to £200*|
|Casumo||Up to £1200*|
|Betway||Up to £1000*|
Exclusive PayPal Casino Bonus
When it comes to trying to find an online casino which offers a special bonus for using PayPal, you will find that this isn’t the easiest thing to do. One of the few online casinos which offers this is 888Casino, who offer a special £30 reward for depositing with PayPal.
To take advantage of this offer, all you need to is use the promo code, ‘PAYPAL30’, when making your first deposit and 888Casino will give you a free £30 bonus reward. What makes this even better, is that you can use this offer on top of the regular welcome bonus. This gives you a really great chance to get a big first deposit bonus. You must deposit a minimum of £20 to qualify for this offer and it is only available for new customers making their first deposit.
There are a number of alternatives to PayPal when it comes to E-Wallet services and some of the most popular ones are as follows.
- Skrill – Skrill is the most well known E-Wallet service when it comes to the gambling industry, with most sportsbooks and casinos accepting Skrill. This service is similar to PayPal in that it lets you top up your wallet with bank cards, but it never discloses your financial information.
- Neteller – Neteller is another hugely popular E-Wallet service which allows you to quickly and easily move money from your bank account to your online wallet.
- Paysafecard – This is a slightly different option and one for people who do not have a bank account. You can buy a prepaid card from Paysafecard and pay online by simply entering your individual 16-digit- PIN.
PayPal Casinos FAQ
There is no such thing as a dedicated PayPal casino. When we speak about the PayPal casinos on this site, we are simply talking about casinos which accept PayPal deposits and withdrawals.
Of course, all of the casinos covered in this article accept traditional forms of payment, such as debit cards, credit cards and bank transfer as well as other various E-Wallet services. PayPal is simply an option on these sites, but not a requirement.
Whether or not an online casino accepts PayPal varies, with most of the big name brands accepting it, but plenty of the smaller names currently not accepting it.
If I deposit the money with PayPal, do I have to withdraw it into my PayPal account? This will depend upon the casino which you are playing with. Most online casinos will allow you to deposit funds using PayPal, but then let you withdraw them using a different method. This is not the case with all online casinos though and some will require you to withdraw using the same method as you used to deposit.
There will almost always be a casino imposed processing time on any withdrawals, so that means that even if a casino advertises that PayPal withdrawals are instant, they will still usually take 1-3 days, again, depending upon the casino.
PayPal takes proactive measures
Not only does PayPal do their best to ensure that the transactions remain safe, they also try to protect their users from other types of fraudulent activities as well. For example, one of the biggest problems that have been on the rise since the revolution of e-commerce is phishing. When people receive fake emails that pretend to be from PayPal (or any other company they trust, for that matter), which usually contain some sort of trap that tricks them into giving up their personal or sensitive information, it is called a phishing email. The traps can be something like a new website, or a link promising rewards/bonuses, basically, anything that might tempt a person into sharing their private information which can later be misused.
PayPal takes quite some measures to try and prevent their users from becoming victims of phishing. In their official website, they have kept a separate section that contains detailed information regarding how users can identify potential scams or phishing emails. For example, they inform the users that they will never ask them personal information over emails, and nor will they ever address their customers as “Dear User” in any mail. PayPal makes it a point to communicate with its users using their names, so such general salutations will definitely indicate non-genuine communications.
And lastly, they even encourage users to forward any email that you find fishy (read: scammy) to them for further investigation.
Any casino that accepts PayPal is guaranteed to be legitimate
When it comes to teaming up with casinos, PayPal does not work with each and every one they find. They are known to work with operators who have already made a reputation of being safe and trustworthy. This is because PayPal had been avoiding doing business with gambling operators for many years when they were unclear about where gambling is legal or illegal. Hence, when they did start providing their services to online gambling services, they made sure the sites were 100% legitimate and operated perfectly within the law with a proper license.
While we are not saying that casinos that do not accept PayPal are illegal or are suspected of fraudulent activities, we can definitely assure you that casinos which do accept it are perfectly transparent and well-regulated.
Differences between PayPal and its competitors
Undeniably, there are many other options other than PayPal, and since all of these are digital media, the factor of convenience remains the same in all cases. However, the main point that differentiates PayPal from its competitors such as Neteller, Skrill or EcoPays is that PayPal is the more well-established and well-proven one. With its many years of expertise in the e-commerce business, it has proved itself to be worthy of its reputation time and again, and through many adverse situations as well.
Another important difference between PayPal and its competitors is the fees it charges. When you withdraw your winnings using Skrill or Neteller, you will be paying a bigger amount of money as transaction fee compared to what you would have had to pay if you were using PayPal. Also, using PayPal keeps you open to receiving bonus offers when you get them, an opportunity you lose if you decide to settle on Neteller or Skrill. So, if you have the option to choose between PayPal or any of the others, we would definitely recommend PayPal. The others are good as alternatives, but not as good as PayPal yet!
As you can see, PayPal is a great payment method when it comes to casinos in the UK. The service allows you to make quick and easy deposits at the click of a button as well as offering fast withdrawals. Overall, if you’re looking for a trusted online banking service to use with your UK casinos, then PayPal is the best of the best.