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What Is PayPal And How Does it Work?

PayPal is an eWallet system that allows you to send and receive money. It is completely free to sign up for and easy to link your bank account securely. You can then pay for things using your PayPal, providing you either have funds in your account or your account is linked up to a verified bank account. Your information is really safe on PayPal, it is just an easy way to pay for things with no risk to you. Its website that is easy to navigate and get the hang of, which is why so many people all over the world use it on a daily basis.

PayPal and eBay have a very close relationship, if you sell things on eBay, you can be paid into your PayPal account. Years ago, PayPal was used mostly for eBay transactions but things have changed enormously in recent years. You can now use PayPal to pay on many websites including for your groceries, clothes and of course, casinos. The online wallet even has a “buy now, pay later” system, where you can pay with your PayPal account but the funds will not be debited from your bank account for 2 weeks. This is completely interest free and very convenient!

Pros vs Cons of PayPal Deposits

  • PayPal deposits are instant. You can get to play with the first deposit as soon as you complete the process
  • It is easy to make payments at your favourite PayPal casino
  • PayPal is secure. Your banking data is not shown to the casino
  • You can view your transactional history with ease to help in bankroll management
  • PayPal is accepted in fewer casinos than most e-wallets
  • Other factors including transactional history determine the deposit limit

The Best PayPal Casinos

While PayPal is not available to all the leading casinos, a good number accepts payments from the provider. The payment provider has a strict verification procedure when choosing partners, which ensures that only the best paypal casino establishments accept its payments. Here are some of the leading online casinos that accept PayPal deposits, among other methods.

5 Things You Should Know About PayPal

Multiple Emails for Convenience

PayPal allows you to add up to eight email addresses to your primary one if you wish to make payments using other identities. It also serves as a good shield against online hackers that may have gotten familiar with the usual email address used by PayPal user.

Automated Currency Conversion Process

Unlike many e-wallets, PayPal automatically converts the money received from another currency to your base currency automatically. This eliminates currency conversion fees that you may have encountered if paid in different currencies.

Top-Notch Buyer and Seller Protection System

PayPal has an industry-leading buyer and seller protection system. It refunds customers whose purchases may not have been delivered or delivered wrong. Besides, it may hold onto your cash for 180 days if it has sufficient proof that the transaction in question was fraudulent.

IP sensitive Software

PayPal is able to detect the location of each user once they log into the website. This feature is meant to help the payment provider determine if there is any fraudulent IP change. Once you log in, the website leaves some cookies on the browser to track any change in location for added safety.

Linking to Cards and Bank Account

You can withdraw from PayPal to your card or bank account. Similarly, you can complete payments using any of the linked payment methods in your account. This makes it easier to complete payments with monies from different sources.

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How to Use PayPal to Deposit at Online Casinos

PayPal has thought out several ways in which users can utilise to make deposits and complete payments. It is a large payment service that seeks to offer as much convenience as possible to players in the best PayPal casinos. The payment provider allows you to activate all the methods to have the flexibility to use any whenever you need to make payments. The list below provides some ways to make deposits using your PayPal balance at your favourite online casino. It also provides details of how you can use them in various payments.

Digital Wallet

PayPal digital wallet is an online where you can save your cash and make payments whenever you like. The wallet allows you to make recurring payments for subscriptions. You can also deposit into your PayPal casino with a few steps. It also provides you with a transactional history so that you keep tabs with your spending and the money that has come in. The wallet is the primary product you get when you join the payment provider on its website.

PayPal Mobile App

If you like making deposits on the go, you have a choice of using the PayPal mobile site or the app platform. There is an app for both the Android and iOS mobile platforms. Its app platform has all the features of the main site that includes sending and receive cash, creating an invoice, getting your transaction history, setting up recurring payments, and linking the account to the card and bank accounts. The app platform is responsive and easy to use.

PayPal Access Card

PayPal has joined hands with MasterCard to allow its users to access their cash on MasterCard debit cards. Essentially, users use their debit card at any merchant store that accepts MasterCard, but it gets the cash from their PayPal account. This is an excellent way for players to use their PayPal accounts to play at casinos that do not accept PayPal deposits but accepts MasterCard payments. Unfortunately, the debit card is not available to all PayPal users around the world.

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How to Make a PayPal Account

Here is how to create and verify a free PayPal account.

How to Make a PayPal Account
  1. Visit the PayPal Website
    Start by visiting PayPal a website via your device browser or the app
  2. Choose Account Type
    Select the kind of account you want (personal or business account)
  3. Fill in your details
    Fill the details asked on the registration page such as your name and email address below creating a password.
  4. Fill in contact information
    Add your address and other contact information and continue.
  5. Verify your email
    Verify your email via a link sent to your email address.
  6. Verify your account
    To verify your account, you have to link a card to your account in the setting section.
  7. Wait for PayPal to deduct cash
    PayPal will deduct some cash from your card, send it into your account, and provide a code.
  8. Confirm your card or bank account
    Enter the cord under ‘Confirm Card’ to verify the account.
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PayPal Casino Safety – Is Depositing With PayPal Secure?

Making your first deposit and consequent ones to a PayPal casino is safe. In fact, PayPal is one of the organisations that have implemented strict security measures to prevent any phishing or theft of user data. First, they use the 256-bit SSL encryption, which makes it hard for hackers to tap into communications between a user’s device and the website.

Second, the payment provider has implement firewall systems to prevent brute face attacks, even on its public-facing servers. This further ensures that there no likely customer information leaks. Besides, it has anti-fraud detection systems, which help track and find instances of money laundering, theft, and contravening of other terms. Therefore, you are less likely to lose cash due to some suspicious activities on your account. In fact, it locks your cash if it suspects something is not right to curtail the further loss of cash or infiltration of its systems.

Step by Step Process of Making a PayPal Deposit

While the process of depositing using PayPal into your online casino may vary from one platform to the other, they all use the same API and have similar basic steps. Here are the steps.

  1. Log into your PayPal casino and head to the cashier section
  2. Select deposits and Pick PayPal as your choice method
  3. Enter the amount that you wish to spend in your first deposit
  4. A pop up window will appear where you will be asked to enter your PayPal password
  5. Once complete, click the continue button
  6. PayPal will send the deposit into your online casino account in a minute or two
  7. Check the email from PayPal as confirmation
  8. Start to play with the first deposit

Some welcome bonus offers require you to opt into the bonus before making a deposit or via a pop-up window that appears as you make your deposit. Please check that if depositing to redeem a deposit bonus.

PayPal Online Casino Payout Times

Fortunately, most of the PayPal casino sites out there provide fast payouts. The average time depends on the online casino. Some of the new PayPal casinos have instant payouts. However, expect the period to range from a few minutes to up to three days, with most PayPal casinos taking up to 24 hours. Check on the payout wait times when determining what casino to join so that you do not have to wait long for your money. Remember, it might take a little longer if you are making the first withdrawal and have not verified your account.

PayPal Casino Bonuses

Players at PayPal casinos can redeem various bonuses using deposits from PayPal. There are fewer restrictions as to what deposit bonus they might access using PayPal as compared to competing e-wallets such as Skrill. Therefore, they can enjoy any bonus available at any time. Besides, there are also bonuses for PayPal users that online casinos provide to entice players to use the payment method.

No Deposit PayPal Bonus

The no deposit bonus is a popular promotion that usually targets new players. Most PayPal online casinos use the offer to give players a chance to try the casino before picking the deposit-based welcome bonus. However, since the deposit is not required, casinos ask players to connect their PayPal accounts for verification purposes. PayPal casinos activate the bonus when players add the payment method. Most of such offers include either some cash bonuses or free spins. Most casinos allow players to keep the winnings they make with the bonus as long as they meet the terms.

Match Bonus

The match bonus is an offer the casino makes to match a percentage of the deposit with a cash bonus. Most of such matches range between 25% and 200% of the amount players’ first deposit. Matched deposit bonus may be part of the welcome bonus, reload bonuses, or seasonal offers popular with most online casinos. In most cases, the casino requires players to bet with both the bonus and the original deposit for a given number of times. With PayPal match bonus, players have to make a set minimum deposit from their PayPal accounts for them to unlock the bonus cash.

Free Spins

Free spins can be part of the reload, no deposit bonus, welcome bonus and other regular offers at the casino. Most of the casino select the slot that you can play with the free spins. However, some may give you a chance to choose among several casino games. To access a PayPal free spins bonus, you must make at least the minimum deposit as stated in the terms page of the bonus in question. Instead of the cash bonus as the case for the match deposit bonus, the online casino gives you free spins that you play on the allowed casino games.

Bonuses Exclusive to PayPal Players

Sometimes PayPal casino sites would like to encourage more people to make deposits using the e-wallet. They do this by coming up with bonus offers that can only be redeemed using deposits made by PayPal. All players have to do is to make at least the minimum deposit, as stated by the casino terms and redeem the offer. While such offers are few, most of them have good returns to players.

Fees & Taxes for Making a Casino Deposit with PayPal

Be prepared to make additional payments when using your PayPal account in terms of fees. A bulk of the charges comes from transferring funds to other accounts, but you may get charged for some features too.

Unfortunately, you will get charged for deposits in some of the PayPal casinos out there. A good number of sites do not want to bear the costs for these transactions. The general cost may vary from between 3% to over 5%. The payment provider does not show the percentages, and you have to work them out. If you would like to fund your account using a linked card or bank account, be prepared to pay a small charge of about 3%. You may have to pay more if the method in question charges for payments into PayPal or transfer of cash to other payment providers. There are no added fees for currency conversion, and the money will be shown in your base currency.

How to Withdraw Your Casino Winnings Using PayPal

The withdrawal process in PayPal casino site is fast and takes a few steps as explained in the section below. It differs in various PayPal casinos.

  • Log into your casino account and head to the cashier section
  • Under the banking section, pick withdrawals
  • Select PayPal as the preferred withdrawal method
  • Enter the amount that you wish to withdraw
  • Click enter (or continue) to start the withdrawal process

The online casino will notify you that a withdrawal process is on the way. Some PayPal casino sites will indicate how long it will take you to get your cash. Other sites prefer you to have deposited with PayPal to use it for withdrawals.

5 Tips for Making the Most out of PayPal Casino Deposits

Here is how you can make the best out of you PayPal casino deposits:

  1. Make regular deposits using the method if you want to have the deposit limit raised. Your transactional history is vital in the easing of limits.
  2. Log into your account in a secure browser, preferably one that you use so often to avoid raising security warnings that can limit your ability to deposit
  3. Take advantage of PayPal casino bonuses whenever you deposit to increase your bankroll and chances of winning.
  4. Check your transactional history to keep track of your spending at the online casino
  5. Sending cash from the PayPal balance is sometimes cheaper than using a linked method

PayPal Support – Who to Turn To When Having Casino Deposit Issues?

support

If you have issues using your PayPal balances, you can be assisted from various quarters depending on the issue. First, you have issues attaching your PayPal account to your casino or making the first deposit to the casino, you may contact the casino’s customer service for assistance. On the other hand, if you have problems linking your card, adding cash or your account has been limited, reach PayPal customer service on 000 1 402-935-2050 or through the email us link on the site. On the other hand, reach out to us if you have any complaints of suspected fraud on UK PayPal or your online casino.

Mobile PayPal Casinos

Online casinos are looking for ways to offer more convenience to their players. One of the ways is to enable speedy deposits right on the mobile platform. The list below shows some leading PayPal casino sites where you can make your first deposit without leaving their mobile platform.

History of PayPal – How PayPal Came to Be

PayPal came into being on December 1998 and was called Confinity. At the time, it focused its efforts on making software to secure mobile devices. Unfortunately, the business model did not work out and its management decided to transform it into a digital wallet. Its first payments were done the next year. The original entrepreneurs that formed the company were Luke Nosek, Peter Thiel and Max Levchin.

In the year 2000, it merged with X.com, an online banking company that had been formed by Elon Musk. In the next year, X.com terminated its online banking services and focused on Confinity business. Peter Thiel then replaced Elon Musk as the CEO of X.com. The company was renamed PayPal in 2001 and went public a year later.

The service was acquired by eBay in 2002 and soon became the default payment method on the platform. However, it spun-off from eBay in the year 2014 and became a separate company.

Alternate Deposit Methods – PayPal Alternatives

Casinos that work with UK PayPal also accept payments from other online providers. This does this with the aim of ensuring that customers have several options to use when transacting with the online casino. This list provides some of the most popular alternative payment methods that you can consider when you do not have any PayPal balance.

Debit Cards

Most casinos feature at least two debit card brands that players can use to make deposits. Some of the most popular brands include Diners card, JCB, MasterCard, Visa, American Express, and Maestro. Unlike credit cards, debit cards are prepaid cards that use the balance in your account to make payments. Deposits using debit cards are instant. However, withdrawals using the method may take one to three days. Most card brands charge between 1.5% and 5% for transactions using the card. Check with your PayPal casino on the available debit cards, charges and payout wait periods.

Skrill

Skrill is a popular e-wallet that is accepted by many online casinos around the world. You can deposit and withdraw cash using the method where it is accepted. Besides, it allows you to link your bank or the card and use the platform to complete transactions with the said methods without exposing your banking data. Skrill deposits are instant. Payouts using the method are fast in many PayPal casino sites, taking between a few minutes to a few days. Besides, most casinos do not charge for withdrawals. Skrill is more popular in the gambling world when compared with PayPal.

Neteller

Neteller is a sister e-wallet to Skrill as both have similar features. Neteller is run by Paysafe Group PLC and has been operational since 1999. The payment method allows for both deposits and payouts from online casinos. It also has a virtual debit card that users can utilise to make regular card payments. It can be linked to a bank account or card, which you use to complete payments. On the downside, most of the casinos do not accept deposits from Neteller for use in redeeming various deposit bonus offers. Luckily, most of the PayPal casinos also accepts Neteller.

Bitcoin

Bitcoin is a popular cryptocurrency and the first in the money markets. Unlike fiat currencies, the cryptocurrency is peer-supported and uses blockchain technology for enhanced safety. Bitcoin payments and withdrawals are instant. However, you need to have a Bitcoin wallet in which to use for deposits and withdrawals. You can use the Bitcoin winnings to make purchases online. Besides, most of the holding wallets allow you to exchange it with fiat currency using the prevailing exchange rates. A few PayPal casinos support Bitcoin. However, with the growing popularity of the e-currency, the number is bound to rise.

Reasons Why Online Casinos Don’t Use PayPal

The UK PayPal is not as common as other e-wallets in the gambling scene. There are several reasons why most online casinos shy away from PayPal. Here are some of the reasons.

PayPal payments are reasonably high compared to other methods. It charges up to over 5% as deposits depending on the location of the sender. This charge is too high for most players and few PayPal casino sites are willing to bear the cost. Other e-wallets such a Skrill and Neteller allow free deposits.

The limits with which players can deposit and receive cash into their PayPal accounts are highly dependent on their transactional history, lack of safety warnings, and location. It may severely limit a user’s ability to deposit large amounts and withdraw huge winnings. This is something most online casinos do not want to have to deal with now and then.

The UK PayPal has a security policy, which involves limiting the account should they suspect something is wrong. Some of such warnings are false but cause great inconvenience to the users. Most casinos would like to stay away from such inconveniences. Besides, the payment provider sometimes levies penalties on breaching of any of the many terms, which makes them undesirable.

Frequently Asked Questions About PayPal Deposits

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How long does it take to receive winnings withdrawn via PayPal?

Most of the online casinos that use PayPal processes the cash in a few minutes to three days. Therefore, the waiting period may vary according to the online casino. When choosing a PayPal casino, go for the one that offers shorter payout times for deposits via PayPal so that you are able to get your cash as soon as possible.

What is the minimum deposit amount required to deposit via PayPal?

The minimum deposits that you can make using PayPal are dependent on the PayPal casino you are looking at. Most casinos that accept PayPal deposits have a minimum deposit requirement of about £10 to £20. However, there are new PayPal casinos that have a much lower deposit requirement. Check with your PayPal casino for the minimum and maximum limits.

Is it free to open a PayPal account?

Yes. You can open a UK PayPal free. Just head to its site using your browser or the app and click the sign-up button. The provider does not require you to make a minimum deposit in order to start using the account. Besides, you can withdrawal your entire balance from the account if you so wish.

How long does it take for a PayPal deposit to appear in my account?

Payments from your UK PayPal will be reflected almost immediately in your account (It may take a few minutes). Therefore, you can start playing at your favourite online casino as soon as you make the first deposit. Some PayPal casinos replicate the same with the payouts.

In which countries can I use PayPal for online casino deposits?

PayPal is available in over 100 countries around the world. While it does not support all the currencies in countries it has a presence, you can still work with leading currencies for your transactions. The e-wallet is available in Africa, Asia, Europe, Middle East and Americas. You will also find hundreds of merchant stores offline and online that accept PayPal deposits.

How to check if an online casino has a PayPal bonus?

Suppose you would like to check if a particular PayPal casino has a PayPal bonus, head to the promotions section of the casino and scroll the available promotions. You will find the PayPal deposit bonus if available. However, you can also search ‘PayPal casino bonus;’ from your browser. From the results, open links that show PayPal casinos with the deposit bonus.

Do I need to fund my PayPal wallet or can I deposit straight with my bank account?

You do not need to fund your PayPal wallet in order to complete a payment to your PayPal casino. When you do not have enough balance, PayPal automatically prompts you to use an alternative method. You just choose the method you intend to use to complete the payment and do that straight from the method.

Is it possible to play live casino games using PayPal deposits?

It is possible to play live casino games using deposits from your PayPal account. You load your casino account with PayPal, as you would do with any other payment method and use the balance to play live casino games. With the speedy deposit from the payment provider, you can reload the PayPal casino account as you play live casino games if your balance is depleted midway.

Can I deposit via PayPal from an iOS device?

Yes. You can deposit cash from an iOS device. There are two ways to do it. First, you can make your deposits from PayPal mobile site. The mobile site is accessible via your browser. You can also make your first deposit from the PayPal iOS app that you install from the App Store. Each of them has all the features of the main site.

What currencies does PayPal support?

PayPal accepts over 25 major currencies from around the globe. These include major currencies such as CZK, AUD, CAD, BRL, ILS, HUF, DKK, EURO, USD, GBP, THB, SEK, and PLN. Thanks to its currency conversion feature, you receive cash in the base currency you chose when opening the account, even if the cash was sent in another currency.

Do all online casinos in the UK accept PayPal?

Not all online casinos in the UK accept PayPal for deposits and withdrawals in regards to your casino account. This is a real shame because some people have issues with their banks accepting gambling transactions or they prefer to go through PayPal for other reasons. If you can only deposit to casino sites using PayPal or you just prefer to do it that way, then you have come to the right place to learn more about it. One of the best casino websites to play on and what DOES accept PayPal to deposit/withdraw is 888. You can actually make the most of the 888casino live casino bonus right now.

Are There Any Charges or Fees When Depositing Using PayPal?

There are absolutely no fees when you deposit to casinos using your PayPal account, which is why so many people love this method. You will usually be charged when you deposit to a casino with your bank account, so this really makes PayPal stand out as the clear winner. This might vary slightly if you are playing on a casino hosted from a different country but UK based online casinos do NOT charge a fee when you deposit with PayPal.

Are There Any Bonuses When Depositing via PayPal in Online Casinos?

You will get exactly the same bonuses when using PayPal to deposit than what you would have otherwise. The casinos themselves are what offer the bonuses, the 888casino casino bonus is a particularly good bonus that could take your mediocre casino balance to pretty amazing. Some other UK casinos that accept PayPal and have great bonuses include Betway casino, Betfred and BGO. You do not get an extra bonus for using PayPal specifically to deposit but that really does not make much difference to your balance once the casino bonus kicks in!

Why is PayPal the preferred method of deposit for online casinos?

PayPal is the preferred method of choice for many customers of online casinos for a number of reasons. For one thing and as mentioned previously, you will not be charged any fees to deposit with PayPal. Also a PayPal transaction WILL show on your bank statement when you deposit but it will not be overly obvious that this is a gambling transaction. Many people want to keep the fact that they gamble quiet, especially if they are in the process of applying for a mortgage, loan or so on. When you hit the big time on a casino online UK, you are going to want to get your money as soon as possible. Withdrawals to PayPal are usually super quick, even within the same day which is a real benefit. Finally, depositing using this method is more convenient than other methods. Instead of entering your card details and going through verification steps over and over again, you simply enter your PayPal details and the money is pretty much in your account to play with.

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Joshua Rawlings Written by Joshua Rawlings