The main reason why PayPal is such a popular payment method is the security it ensures. Your personal and banking information is never shared with anyone. Also, PayPal imposed serious limitations related to the processing online casino transactions. Only transactions only from licensed, reputable casinos can go through PayPal. So, if you see that the casino you have an account with accepts PayPal, you may consider it a sign of its reliability and legitimacy.
Deposits with PayPal at casinos
To start using PayPal you need to connect a debit card and verify your identity. Once you do that, you will be able to make fast and secure online casino deposits.
To make a deposit, you need to go to the cashier page and choose PayPal from the list of available options. More often than not, online casinos set minimum deposit amounts. In most cases, e-wallet depositors have to deposit at least £10 or the equivalent in another currency. Type in the amount you would like to deposit and follow the instructions. The funds should appear into your online casino account in a few minutes.
Withdrawal casino winnings to your PayPal account
Due to anti-money laundering concerns, online casinos return your winnings to the same payment method you used for depositing. In other words, you cannot make a deposit via PayPal and request a cashout via bank transfer.
To withdraw funds to your PayPal wallet, you need to type in the desired amount and follow the instructions. In the worst case scenario, your winnings will appear into your e-wallet in a few hours.
The most common reasons for delays are:
The pending period – Some online casinos have a 1-3 day pending period. During that time, the status of your withdrawal request is “pending”. You can cancel the withdrawal and continue playing with your funds. If you take no action during the pending period, your withdrawal will be processed.
This is your first withdrawal request – online casinos require a bunch of paperwork to verify your identity. Your payout will not be processed unless you send clear copies of all documents needed.
Paypal Casino Fees
Online casinos rarely impose fees for withdrawals to PayPal. However, you will be charged a fee if you want to transfer funds from your PayPal account to the debit/ credit card connected to your PayPal account.
Countries where PayPal is available
PayPal operates in more than 100 countries, but we cannot confirm if it processes online casino payments from all countries where it is available.