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Last updated May 15, 2020

Paypal Casinos | Casinos Accepting Paypal

PayPal is the world’s largest and most popular online payment provider. Currently, more than 100 million people worldwide use PayPal and this number is increasing all the time. Like other e-Wallets. PayPal allows its users to instantly transfer money and make payments online without worrying about entering bank or card details onto websites.

PayPal is free and simple to sign up to, meaning you can quickly make an account and use it to make online payments. At the moment, PayPal has strict rules and policies which means that some casinos don’t accept the use of the service for withdrawals and deposits. Due to its popularity, however, most of the larger online casinos do still accept it as a payment method.

Right now, hundreds of online casinos accept PayPal as a payment method. If you’d like to see the full list, check out our list below.

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What is PayPal?

Originally founded in 1998, PayPal today serves as the most popular online payment processing system. PayPal is one of the largest and well-known examples of an e-Wallet. It serves as an alternative to traditional payment methods and provides its users with a faster and more secure way to make payments online. With PayPal, you don’t need to worry about entering sensitive financial information like bank details online. Signing up for a PayPal account is completely free and all you’ll need is an email address. Simply visit the PayPal website and go to the “sign up” page. From here you can choose what kind of account you’d like and get started.

Making Deposits and Withdrawals to Your PayPal Account

Once you’ve completed the sign-up process you’ll need to add your card or bank details in order to fund your account. You can choose to directly load fund to your account or to charge your card if you prefer. Once this has been set up you should be able to make online payments straight away. Head over to your online casino account and add PayPal as your payment method. You’ll be asked to sign into your PayPal account and once this is done, should be able to deposit and withdraw funds quickly and easily. Withdrawing money from your PayPal account is also fast and simple. Money can be withdrawn to a credit or debit card or to your bank account. Withdrawals to bank accounts are normally processed within 1 business day. Fees do apply when withdrawing money so make sure you check this first. You’ll also have to pay extra fees if you’re exchanging currency.

PayPal Limits and Verification

When you first set up your PayPal account it will initially be limited. This means you’ll only be able to transfer, deposit or withdraw small amounts of money at a time. To increase your limits you’ll need to first verify your account. Verifying your PayPal account is a simple process and just requires you to add either your credit or debit card or bank details to your account. Once you’ve added them, PayPal will confirm your account by depositing 1p to your account with a 4 digit code as a reference. This will usually take a few minutes to 2 hours to show up. Once you have your 4 digit code, you’ll be able to enter the code to confirm your account. Simply go to “Money” and then click “Unconfirmed” next to your account. You’ll be prompted to enter the code. Once that’s complete, you’ll have your limits lifted and you’ll be able to quickly send and receive money. Note that the name you signed up to PayPal with should match the name of your bank account. You should also be aware that a bank account can only be linked to one PayPal account at a time.

Advantages of PayPal

PayPal makes it fast and easy to not just send money but also to sign up. Signing up and verifying your account is much simpler than some other e-Wallets, one of the reasons why it’s become so popular. Payments using PayPal are often instant, meaning you can make deposits and withdrawals at your favourite casino very quickly. The main advantage of PayPal and other e-Wallets is the added security they bring. Rather than entering your bank or card details into an online casino, you just need to sign into your PayPal account. This protects your important financial details from would-be cyber-criminals.

Disadvantages of PayPal

Although PayPal is a great service, it does have some downsides. First off, PayPal charges you to make withdrawals and also charges extra when converting to different currencies. PayPal is currently not available for US players to use at online casinos. Residents of the United States of America are unable to make any kind of online gambling transaction using PayPal so if you live in the US and enjoy online gambling you won’t be able to use PayPal to make deposits or withdrawals.