PayPal is an online payment system that is used for making online and mobile payments to persons, web shops and/or other pay sites. To be able to make payments using this method, you will need an email address and a conventional bank account or credit card that can be connected to your account.
Founded in 1998, PayPal was one of the pioneers in making online payments before it was subsequently taken over by eBay in 2002. The company obtained an official European banking license in 2007 and continues to grow at a rapid pace, with more than a hundred million users from an ever-growing amount of countries and currencies.
online casinos that accept paypal deposits – The best feature of PayPal is that their online payment service is completely free of charge, as the end-users (consumers) don’t need to pay for money transfers. The fees for payments are instead charged to the sellers rather than the buyers.
If you want to make payments on the internet by PayPal, you need to open a “funding” account using your normal bank account or credit card. However, because the payments are not carried out directly from your bank account or credit card, sensitive (financial) information will never be visible for the party that receives the payment. Therefore, PayPal is a great online payment option for people who are afraid that their identity may be stolen or personal data misused.
PayPal also allows you to receive payments from other persons, online casinos, and other pay sites. The money that you receive in your account can be used to make other online payments, or you can cash out an amount to the credit card/bank account that it is connected to.
Despite its success, PayPal is still rarely found at the cashiers of online casinos. However, there are some NetEnt Casinos recommended by us that do accept this online banking method for making deposits.
Gamble Online With PayPal
PayPal is one of the best known options for transferring funds online. This is great news for players as it means almost all online casinos out there will accept PayPal. It will also allow you to keep some of your private details from an online casino, especially if you don’t feel comfortable with giving the casino your credit card details.
What You Must Know about PayPal and Online Casinos
PayPal Casinos are the only casinos which can offer site operators approval to accept payments via PayPal; if they are not registered but advertise it they are illegal. The other important fact is that Online Casinos have to be located or operate in the jurisdictions where gambling online is allowed. If they do not operate in those jurisdictions they are illegal.
Making deposits and withdrawals at PayPal Casinos UK
Most Online Casinos will allow you to make deposits and withdrawals when you play with them. There are sometimes casinos that will only allow you to deposit with PayPal, so make sure you play at a casino that accept PayPal when you want it to be your selected method of payment.
To check if a casino accepts PayPal as a banking method, all you need to do is go onto the Casinos banking page and find out what they have on offer. Most of the times deposit amounts start at £10 – £25, this all depends on what the Online Casinos minimum deposit rule is.
PayPal Mobile Casino v Alternatives
In one of TOP10’s previous guides android mobile casino guide, we compared all possible deposit/withdrawal methods that are available to the players. In the final section of this article, we will create few interesting matchups, outlining the reasons why to stick with online casinos that accept PayPal.
- PayPal vs. Credit/Debit Card– Once you’ve set up your PayPal account, you won’t have to disclose all that data again. You keep your credit card information private and you protect yourself against any illegal downloading of your private details. That’s not the case with credit cards as you need to write your card number every time you want to make a transaction.
- PayPal vs. Pay by Phone– Sure, both are flexible. But, since most of us have longer-term contracts with mobile operators, one can be negatively surprised when receiving his/her bill at the end of the month. One more thing, how are you supposed to withdraw your winnings by phone?
- PayPal vs. Vouchers– Vouchers are cool, as well as all those free gifts for the players. Although, you’ll need to input that pin code in your game and receiving your winnings can be a bit of a pickle. Why bother really? At the end of the day, PayPal mobile casinos offer you cool gifts as well, showing their appreciation for choosing them.