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It may sound somewhat hyperbolic, but is in fact a simple statement of truth: PayPal has changed the way we pay for goods and services forever. Acting as a gateway between sensitive financial information, such as bank account details or debit card numbers, and website payment processors, PayPal has allowed millions of people to shop securely online for over 20 years.
However, for fans of online casino gaming, PayPal remains something of a conundrum when it comes to funding and withdrawing from your online account. Is it possible to use PayPal with online casinos? Are there any catches for doing so? Here’s everything you need to know…
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The best online casinos that accept PayPal
Modern online casinos are well aware of how difficult it can be to catch the eye of their customers. There are literally hundreds of different casinos available online, all of whom are vying for the same player base – so the need to stand out from the crowd is paramount. There are a variety of techniques casinos use to achieve this goal, ranging from flashy graphics to exclusive slot games, but the savviest casinos know they need to offer an incredible all around gaming experience – which means offering a range of different payment methods, too.
As a result, more and more casinos are now willing to allow players to manage their gaming bankroll using PayPal i.e pay and/or withdraw their winnings. While we cannot say that PayPal is quite as ubiquitously accepted as more conventional payment options such as Visa and Mastercard, PayPal has slowly but surely risen to prominence in the online gaming world. Now, the best online casinos are allowing their customers to use PayPal, so you should have no issue finding a casino site that suits both your gaming and your payment-related preferences.
How do I make a deposit using PayPal ?
Before we discuss the specifics of using PayPal to deposit to an online casino, there is a potential flaw on the horizon that we have to discuss. While there are exceptions, for the most part, using PayPal to deposit to an online casino will mean that you cannot avail of their welcome offer. You’ll need to check the terms and conditions before depositing to be sure and, if necessary, potentially consider using a Visa or Mastercard for your first deposit.
However, after the welcome offer, PayPal is a great, convenient choice for those looking to manage their online gaming bankroll – provided the casino accepts PayPal, of course. You can usually check that a casino accepts PayPal by viewing their FAQ, home page footer bar, or directly posing the question on live chat.
When you know that PayPal is available, depositing is pleasantly easy. You will need to select the correct option from within the “deposit” section of the casino, choose your deposit amount, log into your PayPal account, and complete the payment from your preferred funding source. You’ll then simply need to check the details are correct, paying particular attention to the amount you are depositing, and then complete the payment. In most scenarios, the funds should be available in your casino account almost instantly, so you can start playing as soon as you wish.
How do I request a withdrawal using PayPal?
In most cases, you will usually only be able to withdraw to a PayPal account if you have previously used the account for a deposit. Paypal casinos in the UK have specific instructions in their terms and conditions page about this. However, it is worth noting that this requirement is not unique to PayPal; most casinos only allow withdrawals to the same method used to deposit, as part of their efforts to abide by money laundering legislation.
If you have previously used your PayPal account to fund your casino bankroll, then the withdrawal from PayPal is straightforward; you simply need to select the PayPal account you wish to withdraw into from the correct section of the casino’s website, choose the withdrawal amount, and then process the payment.
One of the major benefits of using PayPal for withdrawals is that you should receive the funds in your PayPal account almost instantly, which compares favourably to the two to five working days needed for credit or debit card withdrawals, or the week required to withdraw to a bank account. If you’re looking for a more flexible, dynamic method of managing your gaming bankroll, PayPal’s speed of transactions is hugely beneficial, and therefore well worth considering.
What is the minimum deposit amount?
As with almost any online casino terms and conditions, the minimum amount you can deposit using a PayPal account tends to vary. Generally, you can usually expect to see £10 minimum deposits, though occasional £5 minimums are available at certain casinos with paypal.
Given the above, it’s worth finding out if you are happy with the minimum deposit amount offered by your chosen casino as soon as possible. You can usually find this information in the FAQ section of the website, or by contacting live chat for full confirmation.
What is the minimum withdrawal amount?
Some casinos facilitate withdrawals for almost any amount, including as little as £5 – however, the question is whether you will be charged a fee for the withdrawal. Most commonly, casinos will allow fee-free withdrawals for amounts over £10, but will charge a percentage fee for any withdrawals below this threshold. Due to these restrictions, small withdrawals of less than £10 are unlikely to be worth your while.
However, it is important to note – once again – that withdrawal thresholds vary between casinos, regardless of the method you are using. It is therefore advisable to always check the minimum withdrawal amount before you deposit any funds; you can usually find this information on the casino’s site, or contact the live chat for full verification. Given the importance of preventing a scenario where your funds are effectively trapped in the casino account due to withdrawal restrictions, you need to be 100% comfortable with the potential for any withdrawal limits or fees prior to depositing into your player account.
Why should I use a PayPal to gamble at online casinos?
It could be argued that PayPal is perhaps the most secure method of depositing to your casino balance. The reason for such a robust claim is simple: PayPal acts as a layer of protection between the casino and your personal financial information, which is hugely beneficial in terms of security.
In addition to security, using PayPal at online casinos also allows you to manage your bankroll. In almost every case, deposits and withdrawals can be instantaneous, so you can flexibly manage your funds without the need to wait for long processing times.
Given the above, and the fact more and more new casinos now allowing players to manage their bankroll with PayPal, there’s really no reason not to give this ever-more popular method a try. While you will need to be cautious to check terms and conditions if depositing in order to access an offer – and particularly a welcome offer – for the most part, PayPal is the perfect flexible solution for all of your online gaming needs.
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