PayPal casinos are those that allow players to load their gaming accounts and withdraw winnings with PayPal, one of the top online payment processing companies in the world. PayPal casinos also offer other banking methods such as credit/debit cards, Neteller, Skrill, Bank Transfer, and prepaid vouchers. Since the company is very particular about whom it partners with, PayPal casinos are some of the best in the industry. PayPal casinos therefore offer enormous bonuses and reward for loyalty, run on sophisticated software, and present some great games.
Established in 1998, PayPal is one of the leading online payment processing companies in the world. The company enables consumers from different parts of the world to easily, safely, and securely buy products and services from online merchants. Consumers can also use PayPal on their smartphones on tablets. Last year, PayPal processed 4.9 billion transactions and 28% of them were made on smartphones and tablets.
PayPal serves a growing consumer base of over 192 million users spread across 200 markets worldwide. It enables providers of services and goods to receive payments in over 100 currencies and withdraw their money in over 56 currencies. Consumers can hold funds in their PayPal accounts in more than 25 currencies.
How PayPal Works
PayPal allows you to buy products and services from merchants in over 200 countries. To start using PayPal, you must first create a PayPal account and then link it to your credit/debit card or bank account. Your PayPal account can now be used to shop at millions of websites. If you want to pay through PayPal, search for a PayPal button on the merchant website. Click on it and you will be directed to the PayPal website, where you can login to your account and initiate the payment. You only need an email and a password to use PayPal.
One of the most amazing features of PayPal is its One Touch feature, which ensures that all your login information is safely and securely stored on your desktop, smartphone, or tablet. Once you activate One Touch, you don’t have to repeatedly input your email address and password for the next six months. This makes it possible for you to shop really fast. You can always disable One Touch by visiting your PayPal profile page.
Using PayPal at online casinos or to purchase products and services at any online merchant has a number of advantages:
Purchaser Protection – PayPal has an excellent purchaser protection policy in place. If the products you paid for reaches you in a damaged condition, you can get a refund. You don’t even have to deal with the merchant as PayPal does all that work for you.
Anti Fraud – PayPal has an excellent fraud detection system. The company monitors transactions round the clock and immediately alerts players in case it detects suspicious activities at their accounts.
Available Worldwide – PayPal is available in over 200 countries, enabling consumers to make safe, secure, and quick payments at small as well as large businesses.
Earn Rewards – You can continue to use your credit/debit cards at PayPal and earn rewards for it.
Purchase on Credit – You can make purchases using PayPal even with a zero balance by using excellent credit features such as PayPal Credit.
Fast and Anonymous – As long as you shop with your PayPal account, you don’t have to reveal your financial details to online merchants, and that includes online PayPal casinos.
Free – Shopping in the US with PayPal is absolutely free. This means that your PayPal online casino will not charge you for using PayPal to load your account and withdraw winnings. You can also receive money into your PayPal account free of charge.
Your PayPal Balance
You don’t need a PayPal balance to shop online or send money to friends and family members. This is because PayPal enables consumers to pay for products and services, and that includes loading one’s online casino gaming account using methods such as PayPal balance, PayPal credit/debit cards, and bank account.
As soon as you load your PayPal casino account using PayPal, the funds are removed from your PayPal balance. If you don’t have sufficient funds in your PayPal balance, the funds are drawn directly from the credit/debit card or bank account linked to your PayPal account.
You can change your payment method anytime you wish by visiting the PayPal Review page and clicking on the More Funding or Change buttons. Choose your payment method from the options displayed and hit the Continue button. From now on, your preferred payment method will be used if your PayPal balance has insufficient funds to cover your purchase.
How to Use PayPal as Your Casino Banking Method
Using PayPal as a preferred casino banking method is easy, safe, secure, fast, anonymous, and convenient. PayPal is a complete banking method as it can be used not only to load casino gaming accounts, but also to withdraw winnings.
Here is a simple guide to using PayPal as a banking method at online casinos:
- Create a PayPal account. It is absolutely free to do so. Once you have created your PayPal account, link it to your bank account or credit/debit card.
- Create an account at any of our recommended PayPal casinos. It is absolutely free to do so. You can also play the games for free till you feel comfortable about making a deposit at the site.
- Login to your account, visit the casino’s cashier or banking page, and select PayPal as your preferred banking method.
- Once you do this, you will be taken to the PayPal website where you can login and initiate the payment.
- The money will be instantly transferred from your PayPal balance to your online casino account.
- If your PayPal balance is insufficient, the funds will be drawn from the bank account or credit/debit card linked to your PayPal account.
- You can withdraw your winnings back to your PayPal account in a similar manner.
- Online casinos do not charge you for using PayPal as a banking method.
Withdrawing Your Money from PayPal
When your winnings are safe in your PayPal account, you can withdraw them to the bank account linked to your PayPal account. Alternatively, you can ask PayPal to send you a check or withdraw your money at an ATM using your PayPal Debit MasterCard.
Bank Transfer – Most PayPal users prefer withdrawing the money in their PayPal account using Bank Transfer as it enables them to directly move the money to their bank accounts.
Debit Card – PayPal has partnered with MasterCard to create the PayPal Debit MasterCard, which can be used at an ATM. You can also use your card to make payments at any online casino or online merchant who accepts payments through MasterCard. PayPal allows users to withdraw as much as US$400 through ATM every day. But players may have to pay foreign currency conversion fees and ATM fees.
Check – Players who do not want to use the above two methods to withdraw their cash can request PayPal to send them a check. To withdraw through check, players have to login to their PayPal accounts, click on the Withdraw option, and then click on the Request a Check option. While PayPal checks reach US customers within two weeks, they may take as many as six weeks to reach non US customers. PayPal also charges a fee of US$1.50 for making withdrawals through checks.
Can You Use PayPal in the US?
PayPal’s official website says that the company needs to pre-approve all activities related to gambling. In other words, a US-facing online casino cannot use PayPal until and unless it receives a pre-approval from PayPal.
According to a CNBC report of September 2015, some US-facing online casinos started offering PayPal as a payment option after nearly 10 years of staying away from the US market. The online payment processor started pre-approving US online casinos very quietly and hardly released any information about any changes to its policies.
Although PayPal had no issues processing transactions related to online gambling when it was an independent company, it stopped supporting US online gambling activities in 2003 after it merged with eBay. Now that PayPal is once again an independent company, it is quietly allowing some US gambling websites to offer PayPal as their banking method.
US PayPal Casinos
If you are a US resident, you don’t have to go searching for the best US PayPal casinos. We have handpicked those few casinos that allow US players to load their gaming accounts and withdraw winnings using PayPal. To start playing, you only have to sign up at one of these PayPal casinos.