PayPal is one of the original online ‘e-wallets’ that enables users to move cash around the internet. It’s used to pay for goods and services online but is also becoming the number one choice of online gamblers. PayPal is secure, allows a handy one-stop shop for lots of deposit methods, and is totally anonymous. Best of all, most online casinos won’t charge you for making PayPal transactions online. While some restrictions may apply when using PayPal (you may not qualify for a welcome bonus and you may have withdrawal restrictions) it’s a super-easy way to fund your internet gambling.
The best online casinos that take Paypal
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How PayPal Works At Online Casinos
Users simply set up an account, then load it up with funds from multiple cards or accounts
PayPal is a world-leading e-Wallet that facilitates online payments and withdrawals. Users simply set up an account, then load it up with funds from multiple cards or accounts. You can even move money from other e-Wallet providers if you have a valid account. PayPal isn’t restricted to online, as customers can also set up a mobile app and shift cash around at the swipe of a finger.
The beauty of PayPal is its simplicity. You set up a PayPal account number in minutes. With your e-Wallet you can then move cash through it to your favourite casino site. Either store money in your PayPal account or make one-off payments using PayPal. At the casino Cashier, find PayPal in the drop-down menu and enter your special account number and the amount you want to transfer. You will then be transferred to the PayPal site to complete the transaction.
Understanding PayPal Fees And Cashouts
Most UK online casinos won’t charge you for making a PayPal transaction
Most UK online casinos won’t charge you for making a PayPal transaction. That’s fine, but the PayPal site may well do, depending on your payment method. And if you are converting GBP into USD or Euros when you deposit at a casino, you will incur a conversion fee too. Deposits usually appear instantly in your casino account, while there is typically a 3-5 day waiting period if you are cashing out to your wallet.
- Bank Account: Moving money “cross border” will incur a fee of 0.3-2% of the total amount. The fee varies depending on where your chosen online casino is based.
- Debit Card: Debit cards are free to move money in the UK. However, a ‘cross border’ fee of 3.4-7.4% will apply, together with a fixed fee.
- Credit Card: If you load up your e-Wallet using a credit card, for example, you will incur a fee of 3.4% of the balance plus 20p. That fee applies within the UK but can rise to 7.4% if you’re shifting cash abroad.
The best option is to use a bank account to store cash in your PayPal wallet. Make a big transaction first so you have a lot of cash in your account. This is a good option if you are keen on making a number of payments.
- Cashing Out: When you move winnings out of your casino account to a PayPal wallet further fees may come out as well. Always check the withdrawal fees before you make the cash-out.
Enjoy Anonymous And Secure Casino Payments
PayPal provides one simple place to store lots of cash anonymously
If you have several bank cards and methods of payment for gambling, an e-Wallet like PayPal is a good option. It’s a particularly good idea if you want to keep your gambling actions private – casino payments won’t show up on your bank account. Instead of rifling through your wallet for another credit card, PayPal provides one simple place to store lots of cash anonymously. You can then load up your favourite live dealer casino and play that completely anonymously too!
Security is a big concern with many online casino players too. A lot of players are concerned about storing card details in online Cashiers. After all, there’s nothing worse than having your casino hacked and your information stolen. With PayPal, you are always redirected to the secure payment site to complete any transactions.
Access The Best Welcome Bonuses Online
PayPal deposits can also help you trigger a welcome bonus
PayPal is a trusted and secure way of moving real money on the internet. Most online casinos accept PayPal as reliable method of payment, and payments can be instant. Most casinos won’t charge for you to use your e-Wallet, and if you pick the right banking method you can avoid a lot of the high transaction fees. PayPal deposits can also help you trigger a welcome bonus upon sign-up. Welcome bonuses are big-money offers that help attract new customers to casinos. Although some sites won’t activate bonuses if you use an e-Wallet, you can find the best participating casinos online at Mr Gamez.