When you hear about the e-commerce business PayPal, you probably don’t immediately think about online casinos. People who take place in electronic commerce in general probably think about eBay, which has owned PayPal for the past 10 years. In fact, Paypal is pushed so heavily by the Internet auction site that anyone who uses Ebay probably considers the two companies as synonymous.
PayPal does a lot more than online auctions. Paypal has become the default electronic money payment option for millions of consumers, because the company is trusted enough to connect it directly to their bank account. While e-wallet and other online commerce sites might challenge (or exceed) PayPal outside North America, Paypal is the unrivaled champion among electronic finance services in the United States. That’s probably where the disconnect between Paypal and online gambling happens.
Reviewing Online Casinos Accepting PayPal Deposits 2020
- PayPal Casinos UK - Paving the way for Online Casino Payments. PayPal is the unofficial seal of approval, the very next level of safety when it comes to online casinos. You've probably made online purchases with PayPal before, and you can use the same account for online casino PayPal.
- 4 Benefits to Using PayPal to Gamble Online. Trust & Safety. PayPal is a huge, public company worth billions of dollars. They have better things to do than run nickel-and-dime scams on people. Minimal Fees. PayPal often has higher limits in the 4-5-figure range. This should be.
The company is very careful in their policies regarding online gambling, and that abundance of caution means that it will not allow many gambling sites to accept PayPal. However, when it is available to players, it can be among the very best ways to transfer money to an online casino. Can I Use PayPal at Online Casinos?
Paypal Accepted Casinos Deposits and Withdrawals
Online casino players just about anywhere can use credit cards and debit cards like Visa and Mastercard. Players that choose European casinos online have e-wallet options for payment like Neteller and Skrill-Moneybookers. In fact, players throughout the world have plenty of web wallet services, often associated with their local country. So you have plenty of choices if you can’t or don’t want to use Paypal for your gambling transactions.
At the same time, you’ll find few payment methods which are quicker, more convenient, and safer than PayPal casinos. You shouldn’t overlook the advantage of having 100% assurance against unauthorized payments. I’ve used Paypal on eBay before and been told that a seller had been red-flagged since I bought their goods and I would have cash back on any purchases I made under $3,000, if needed. While I didn’t need that insurance, it’s an indication of the how far Ebay/PayPal goes to assure their customers and clients are happy with their service. You won’t get that attention to detail and customer service from many of the e-wallet services.
Microgaming and PayPal Casino Deposits
In fact, you’ll find many different casino software which interface with Paypal casino payments. Microgaming is no different. Microgaming online casinos like Spin Palace, 32red, Ruby Fortune Casino, Mummy’s Gold, Bet365 Casino, 888, Roxy Palace Casino, and Ladbrokes (of course) all use Paypal for both payments and cashouts. That means you can shop around for the Microgaming casino with the best deposit bonus, VIP rewards, and games selection you like best. Microgaming isn’t alone in this category, though.
Playtech Casinos and PayPal
Playtech, the second most popular online casino software provider in the world, also accepts Paypal casino payments. I’ve already mentioned William Hill and Paddy Power, but Eurogrand Casino, 21nova Casino, Betfair, and bet365 Casino all have Paypal casino deposit as a money option. As you can tell, PayPal is comfortable with transacting payments to and from most of the biggest, most famous UK casinos online . This is good not only for UK players, but anyone who enjoys Pay-Pal as their favorite e-commerce provider.
IGT/Wagerworks and Paypal
Casinos powered by International Gaming Technology and its popular Wagerworks casino software also accept Paypal casino deposits. This means Sky Vegas, 888 Games, and Virgin Casino accept Paypal transactions, both for deposits and withdrawals at the online casino. This policy isn’t categorical across all IGT sites, though. I noticed that ME Casino doesn’t have Paypal as an option for payments or cashouts.
Realtime Gaming and Paypal
Those who prefer RTG online casinos are not going to be able to use Paypal very often. That’s because most Realtime Gaming casinos accept US players for games of chance. Given Paypal’s ban on payments for Americans engaged in online games of chance, few RTG sites are going to be able to take payments and cash out your money through Paypal. Rival Gaming sites and Topgame Technology websites are going to fall into the same category.
Paypal and US Online Casinos
The United States government is hostile to most forms of online gambling, making it uncomfortable for the e-casinos, Internet poker sites, and online sportsbooks that operate unimpeded throughout most of the rest of the world. If anything, many individual U.S. state governments are even more hostile to the Internet gambling industry. While many of the jurisdictions are happy to operate state lotteries that pay back a far lower percentage than any casino would ever consider paying, they continue to take the stance that gambling is immoral. Thus online gambling sites are hounded by the US Justice Department, while the e-wallets, credit card companies, and other money transfers companies who service their money transactions are equally targeted. Much of the time, PayPal isn’t available at those few online websites which accept US players. Even many sites which cater to international players who use English as their language and the US dollar as their favorite currency don’t have PayPal as a money option.
That describes many online casinos, but not all. In fact, the payment company allows you to send money to over 190 different countries worldwide. Not only that, PayPal has 100% protection against unauthorized payments from your accounts. Europeans can use PayPal for most gambling transactions, though US accounts will only be able to make payments on skill gaming sites. So for those consumers who enjoy gambling for entertainment, but who don’t want to learn about a different e-commerce provider, I’ve taken the time to locate sites which use PayPal. These web addresses exist. In fact, many of the sites who do are traded publicly on the London Stock Exchange.
In terms of both convenience and security when it comes to online gambling there aren’t any better choices than PayPal. It allows you to quickly and easily fund and withdraw from your account and in the process you’re protected by the many security features PayPal has to offer.
Casino Sites That Take Paypal
Best PayPal Betting Sites: Top 9
The following is a list of the best sites for betting with PayPal:
- #1
- #2
- #3
- #4
- #5
- #6
- #7
- #8
- #9
*Info accurate as of 15-01-2020 for the UK market.
PayPal Betting Sites Compared: Limits & Fees
| Bookmaker | Min | Deposits | Withdrawals | Fees |
|---|---|---|---|---|
| Betvictor | £10 | Instant | 1-3 days | 0% |
| Coral | £5 | Instant | 24 hours | 0% |
| William Hill | £5 | Instant | 24 hours | 0% |
| Paddy Power | £10 | Instant | 1-4 hours | 0% |
| 888Sport | £20 | Instant | 2-5 days | 0% |
| Betfred | £10 | Instant | 24 hours | 0% |
| Ladbrokes | £10 | Instant | 6 hours | 0% |
| Unibet | £10 | Instant | 24 hours | 0% |
| Betfair | £5 | Instant | 24 hours | 2% |
| Totesport | £10 | Instant | 1-5 days | 0% |
| Boylesports | £10 | Instant | 1-5 days | 0% |
| Betdaq | £10 | Instant | 1-5 days | 2% |
PayPal is a worldwide e-commerce institution, which allows you to make online money transfers quickly and securely between your PayPal account and the accounts of thousands of merchants and banks worldwide.
PayPal operates by storing money drawn from your checking account, and then allowing you to send the money via online transfer to the merchant of your choosing. Payments are processed quickly, and PayPal saves you the risk of providing your financial details directly to the merchant.
For any readers in North America, please note that PayPal will not process payments to any gambling sites for North American customers. The only way to deposit in a account from a North American PayPal account is by first transferring your money to a third-party, such as another e-wallet.
However, for users in the UK and Europe, PayPal offer a fast, safe, and convenient way to deposit and bet online as well as a quick and easy way to withdraw your winnings.
How to Use PayPal for Gambling
As one of the largest online payment processors, PayPal is widely accepted by online bookies, and many sites even offer a free bet bonus for punters who make their initial deposit via PayPal. Moreover, as PayPal is a fully electronic payment storage option, making a deposit to a bookmaker which accepts PayPal is extremely continent.
To get started with making a deposit via PayPal, you’ll have to first set up and fund the PayPal account. This requires inputting information from your bank account, and funding the PayPal account with a direct deposit from your account. This should show up in the account instantly using most methods.
For greater convenience, you can verify the account with PayPal, which involves essentially proving that the account is yours. This typically involves PayPal making two small deposits in your account, at which time you can verify the amount of the deposits. This will effectively link your bank account with the PayPal account, and allow you to deposit and withdraw money freely to and from the PayPal account. Presently, this is required for all account sending over $500 USD per month.
Once you have the PayPal account up and running, it’s just a matter of selecting it as your payment option, at which point the money will be withdrawn from you PayPal account as if it were bank account.
One of the best features of PayPal is that you can make deposits to your account at any time, and you can also withdraw your winnings at any time. As is standard in the industry if you bet with PayPal, all payments usually process instantly and withdrawals will be processed in 3-5 business days.
PayPal Security & Anonimity
If you’re using PayPal to process online financial transactions, then you are already in a pretty good place in terms of security. Specific security features aside, it is always a good idea, especially for the more security-minded among us, to use a third-party payment processor. This saves you from sharing your credit card or bank account details with a wide variety of sources, and instead means that you’re only providing the critical information to one party.
However, PayPal does recognise how critical the safety of your information truly is, and have taken all industry-standard measure to make sure that your information is locked up securely, and that you don’t maintain any liability should the information be compromised.
Please note that PayPal takes their security extremely seriously, and tends to err on the side of caution when dealing with potentially fraudulent activity. Particularly if you travel internationally, or deal with a lot of cross-border transactions, you might be see your account flagged, locked, or frozen with some regularity. This is usually sorted out with a quick call to customer service. It’s better to be safe than sorry.
Finally one of the best things about using any of the Paypal betting sites listed in our table above is the anonymity they provide you. If you deposit with Paypal then your bank statement only shows money in and out of Paypal, not a gambling operator.
History of PayPal
PayPal dates to the late 1990’s and early 2000’s. Although not originally an online payment system, it slowly merged into that as the need and desire for such as system become increasingly evident.
In particular, the popularity of online auction site Ebay.com propelled PayPal into the national spotlight. Although Ebay had its own payment system, the PayPal system was more flexible, as it allowed users to move their money around more freely. As such, PayPal become the online payment option of choice for a variety of websites, Ebay included.
In 2002 it was purchased by Ebay and has been used as the official payment option for all auctions on that site. However, it has also continued to operate as an independent business, and offers customers a convenient and secure method of processing payments online to a wide variety of merchants worldwide. As such, it is an ideal option for making deposits to, and withdrawals from, online bookmakers and since PayPal started to appear the method has grown quickly in popularity to the point where some punters will only use PayPal friendly sites.
Fees Associated with PayPal Deposits
There are two places where you could potential incur fees making a deposit using PayPal; either from the betting site, or from PayPal itself.
Fortunately, the former have essentially eliminated processing fees. I was unable to find any major sites which charges users a fee for placing a deposit via PayPal. However, any site could theoretically change its policy at any time, so always be sure to read the fine print before you commit to anything.
On the other end, PayPal does charge a wide variety of fees for performing different types of transactions. The fees you incur depend on the type of transaction, the type of account you hold with them, the type of payment option utilised, among other factors.