With around 87.5% of online shoppers using PayPal, you would think you’re in good company with this payment method. But can PayPal online casinos be trusted?
Why Do We Recommend Casinos That PayPal?
Many casino PayPal players come back to this payment option time and time again thanks to its three main benefits – speed, convenience, and security. And those are a trio of traits that are particularly useful for online gamers too, which helps to explain the popularity of online casinos that accept PayPal.
Are the Best PayPal Casinos Reliable?
In the first half of 2021 alone, it has been reported that PayPal conducted nine billion transactions, and this year the total value of those could top $1 trillion.
Naturally, you need to have a reliable infrastructure in place to achieve that, and one of PayPal’s key strengths is their reliability – their service never seems to be ‘down’, and that’s not something that can be said about all of their competitors.
How Secure Is a PayPal Casino?
PayPal uses SSL protocol technology with 128-bit encryption, and this is considered the gold standard for keeping transactions and personal data safe and secure.
They also use a single online ‘vault’ to store data, which is perhaps a more fool-proof system than that deployed by credit card providers, who use numerous locations to save their customers’ information.
As an e-wallet, you never have to expose your credit card number or bank account details when making a payment, which is crucial when making a casino PayPal deposit or withdrawal.
What are the Disadvantages of a PayPal Online Casino?
The main disadvantage of PayPal is that it charges you a fee to receive money. So, if you request an online casino PayPal withdrawal, you will have to pay between 2-5% on the amount before you can transfer it to your bank.
Sometimes, if PayPal’s algorithm considers a website to be fraudulent or a scam, they will freeze your account when you try to deposit/withdraw money – this can be an issue with some offshore casinos.
Best PayPal Casino Site with Bonus
|BetRivers||100% deposit match up to $250|
|Resorts Casino||100% deposit bonus up to $1,000|
|BetMGM Casino||100% deposit bonus up to $1,000|
|Sugarhouse Casino||100% deposit bonus up to $250|
|Ocean Casino||100% bonus up to $1,500|
Casino PayPal Deposit and Withdrawals
When playing at an online casino real money PayPal, you can use this payment option to make both deposits and withdrawals.
Those online casinos that accept PayPal deposits in the USA won’t charge a fee and, as you can see from the table below, these are actioned instantly. Withdrawals are also free at the casino’s end, however, PayPal does charge you to receive your winnings into your wallet.
|Withdrawal speed||Up to 24 hours|
|Maximum deposit||Varies per casino, often $10,000|
|Maximum withdrawal||Varies per casino, often $30,000|
How to Deposit at PayPal Online Casinos
To make an online casino PayPal deposit, you will need to head to the cashier section of your chosen gaming site.
Your PayPal casino will list their accepted payment options, and all you need to do is select PayPal, decide how much you want to deposit, and then follow the on-screen prompts.
How to Cash Out at a Casino PayPal
Your instant PayPal withdrawal casino will let you use this payment option for both deposits and cashing out your winnings.
Head to the banking section of your casino account, select withdrawal, and then decide upon the amount.
PayPal Fees and Charges
As mentioned, there are no fees when depositing into casinos that accept PayPal, however, you do pay the charge of around 2-5% for receiving money into your account if it’s a cross-border transaction.
The good news is that there are no other charges to report with PayPal.
|What type of payment method is PayPal?||E-wallet|
|When was PayPal founded?||1998|
|Where is PayPal based?||California|
|How many transactions per year?||9 billion|
|How many active customers?||392 million|
Is PayPal Better Than Other Payment Methods?
Whether a PayPal online casino is a better option than other payment methods depends upon your unique circumstances.
PayPal charges fees that Skrill casinos and the likes of Neteller don’t, while those latter options tend to use a more agreeable exchange rate compared to PayPal for sending/receiving money from overseas.
However, Skrill charges inactivity fees – PayPal does not, and Neteller charges a myriad of fees for sending money, using a credit card to fund your account, and so on.
Pros and Cons of PayPal Casinos
As we have learned, there are many reasons why online casinos that take PayPal are so popular, while there are also a few drawbacks to this payment method.
- Highly safe and secure
- Widely accepted
- No deposit fees
- Never have to reveal sensitive data
- High deposit/withdrawal limits
- Easy to use
- Rapid payments
- Fees to receive money from abroad
- Weaker exchange rate than competitors
Do I need money in my PayPal account to use it?
PayPal essentially acts as a middle-man between you and the casino. So you can link your PayPal address to your credit card/bank account, and execute transactions without a PayPal balance.
How much does it cost to use PayPal?
It is free to deposit into the best PayPal casinos, although there can be a conversion charge when withdrawing funds from casino sites based internationally.
Can I use PayPal at every casino?
Unfortunately, not every casino allows you to make payments via PayPal – you can see a PayPal casino list in this article.
Does PayPal allow for two-factor authentication?
Yes, you can enable 2FA in your account for extra security.
Will PayPal help me to get my money back if needed?
PayPal has a dispute resolution service via which you can use to make a claim if you have been scammed or a casino has not actioned your withdrawal request.