Online casino players are always looking for new ways to make their online gambling experience more pleasurable. One way is by using PayPal casinos, which offer the ability to use Paypal funds in addition to other methods of depositing money into your account. This means that you can quickly deposit money without having to worry about processing time or fees associated with other casino payment methods.
PayPal is a major disruptor of the payment industry. It is not the first company to offer P2P payment but the earliest online payment service that changed the game.
Formerly a subsidiary of eBay, PayPal started in 1998 with the name Confinity and was founded by Peter Thiel and Max Levchin.
The idea behind the establishment of PayPal is to offer small businesses, merchants, and consumers a low-cost method of making and receiving payments across borders and with no government regulations.
The company's earliest mode of operation required the customers to trust them with their banking and credit card details.
In the year 2000, the company evolved and rebranded as PayPal to merge Cofinity and X.com. It exploited the growth of the internet and offered digital payments between businesses and their customers.
Before PayPal, even big companies like eBay processed payments through checks and money orders, resulting in late delivery and other logistics issues. PayPal has fought some battles to get to where it is today.
A significant problem is hackers, fraudsters and criminal groups that use the payment service for money laundering and other illegal activities. It resulted in many customer complaints, poor reviews and government regulations, a partial or total ban in some countries and the United States, including New York, California, New York and Louisiana.
The challenges notwithstanding, PayPal has a frontrunner advantage and filled a gap in the payment processing industry on the internet. Hence, its continuous steady growth as a payment method and as a company.
By 2021, the site will have over 392 million active users in over 200 countries worldwide. As proof of its downfall in the industry, eBay acquired it for as much as $ 1.5 billion in 2002.
PayPal has become a go-to payment service for eBay users and is more preferred than the eBay in-house payments system, Billpoint. eBay took notice, discontinued Billpoint, and integrated PayPal as its payment service. It became an independent company in 2015. PayPal has never looked back since then and has become the most universally accepted payment company.
An appeal of PayPal is the ease of sending and receiving payments. It serves many purposes, depending on your needs. In the process of registering a PayPal account, you will be required to link your account with your bank or credit card by providing the necessary information such as credit/debit card numbers, routing numbers etc.
PayPal verifies that you are the owner of this account by depositing or charging small amounts from the account, which you will confirm. It is the measure used by PayPal for a safe and secured payment platform. But the idea behind it is simple - a secure, convenient and instant e-payment without using credit card or bank details every time you make payment.
With a dedicated app on both Android and iOS, using PayPal has become even more convenient. Small businesses such as restaurants, stores, gas stations, coffee shops and other vendors are now in partnership with PayPal. You can access the services, order and pay these listed vendors using the PayPal app.
Everything needed to send funds or make a payment is the email address attached to the recipient account. PayPal has broken down its services into three categories based on who you send money to and what you pay for.
The fastest and easiest way to withdraw the money in your PayPal account is through a PayPal debit card, which gives you the freedom to make a deposit or withdraw from an ATM from anywhere in the world. There's also the option of withdrawing funds directly into your linked bank account or credit/debit card.
There has been an increase in accepting Paypal payments in online gambling in the last few years. It is now a multi-billion dollar industry. Some countries have become flexible with their regulation against gambling, while it has become legal in other countries.
As expected, many e-payment services are eagerly extending their service to the gambling industry. Players now have several payment options to choose from when making deposits or withdrawal from their preferred casino sites. These days, the top casinos with PayPal payment options are on the increase.
When it comes to payment services, not many e-payments come close to the track record of PayPal. Although other e-wallets have almost the same benefits as PayPal, if not better, internet users have become comfortable with using PayPal for their transactions for the convenience, reliability, security, ease and swiftness of transactions.
From the standpoint of trustworthiness, online casinos that accept PayPal must have proven themselves to be a real deal. PayPal takes a lot of pride in its reputation. It only allows deposits on PayPal casino sites that the proper authority has fully licensed. That explains why PayPal casino sites are not available in several states in the US.
The PayPal casino sites are available in countries like Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Sweden and the UK.
It is partially restricted in the United States of America. Nevada and New Jersey residents are allowed to deposit with PayPal on US betting sites. Horse racing websites are also permitted to receive deposits with PayPal.
Many gamblers prefer using PayPal to deposit as there is no transaction fee. Small-time bettors that only deposit a couple of hundred dollars or less, a transaction fee of as low as 2% may seem not very significant. But for transactions of thousands of dollars, a no transaction fee deposit is a sweet deal.
If there's only a good reason to use a casino PayPal website, this is it. Casinos store customers' information and funds on the sites and are easy targets for hackers. That is one of the reasons online casinos are embracing cryptocurrency and blockchain technology.
But, PayPal casinos have zero risks of losing information and funds to hackers. The company has one of the best encryption technologies on the internet, with other layers of security.
PayPal is one of the most convenient e-payment services on the internet. The initial work is done when setting up and verifying your PayPal account. Once your account is set, completing a transaction is done with a few clicks of the buttons.
Using PayPal gets even more convenient when the account is set as your preferred payment method in your betting account. Deposits and withdrawals are processed instantly. Money can be transferred from your PayPal balance to your friends and family, and you can also receive it from them.
It can get very annoying having to wait for days for your withdrawal to be successfully processed. Transfer to your PayPal account from your betting account is almost instant.
Sending or shopping, or withdrawing from PayPal balance to your bank account is also seamless after you have linked the two.
Registering a new PayPal account is easy and quick.
Of course, many people are not comfortable giving out this type of information. But you have nothing to worry about, especially if you are legit.
PayPal has the best online security with its military strength encryption technology, making your funds and information hack-proof.
In addition to the benefits of using e-payment services, there are features to consider before making your first deposit on a casino that accepts PayPal. These features help improve your overall gaming experience.
The saying "don't judge a book by its cover" does not apply here. PayPal casino websites need to have a refreshing outlook. The pages should be well-designed and all the items and features well laid out.
Every item should be orderly, and navigation should be seamless. A well-designed website means customers have no problem navigating and processing their payments with no hassle.
Exciting promotions make a PayPal casino more enticing to the users. A first deposit offer, for example, attracts new users to sign up, while loyalty rewards keep the old customers motivated and active on the website. Other exciting promotions include free spins, VIP Program, welcome bonus, cashback, etc.
Promotions must come with realistic and fair wagering requirements. Unfortunately, several casinos give the users dead giveaways and bonuses that leave them chasing the carrot. Always check the wagering requirements and terms and conditions attached to those promotions.
Rarely are there any technical problems when using PayPal to deposit or withdraw from your preferred PayPal casino. PayPal provides email support and also phone support from which you can talk to real human customer support agents. Although it does not have live support, most inquiries or queries are attended to within 24 hours. In the same vein, it is essential for PayPal casinos to have reliable and dedicated customer support if any issue arises from their end.
The new age internet users, including online casino players, don't want to sit in front of the computer all day. An average internet user is always on the go and multitasking but continuously on a smartphone. A PayPal casino website without a dedicated app or mobile compatibility is a step below its competitors.
Mobile compatibility offers convenience and on-the-go entertainment for its users. It considerably improves the overall gaming experience of the users of such PayPal casinos.
Roulette is one of the trademark games for both traditional and online casinos. It is a virtual representation of the physical one. Of course, online roulette works with a Random Number Generator programming algorithm (RNG), making the final spot of the spinning unpredictable to humans.
There are several roulette game variations; some popular are American, French, and European roulette.
Almost all the PayPal casinos have roulette in their collections of games. For an edge over their competitors, some give you the chance to play the roulette for free. Some may allow you to play roulette for free without an account, while others require you to signup. Either way, both are providing you with an easy way to master the game at no cost.
An important thing to look out for in a PayPal Casino roulette is the house edge, as the bettors are betting against the house. A fair house edge is non-negotiable; a house edge below 3% is considered fair.
BlackJack has been a preferred game by both brick-and-mortar and online casinos for many years. Online casinos use computer programming to shuffle the cards and fairness. Blackjack is different from other card games like Poker. The player closest to 21 wins the game, and the dealer with a higher value than 21 losses.
If you love having fun while making money, you should try playing Baccarat. Many online casino players find it hard to understand the game, but it is fun and straightforward.
The goal is to get as close to 9 as possible in your prediction. You decide whether to side with the banker or against the banker (bet on the player). You can also bet on a tie, which will earn you a higher return than betting on either side. PayPal casino's house edge can be as low as 1.06% on Baccarat.
Poker is almost every gambler's favourite for its simplicity. It is another trademark game for the gambling world. The popular variations available on top PayPal Casinos are different Poker variations, including Texas Hold 'em, Omaha, 2-7 Triple Draw, Chinese Poker, etc. Player's chances are determined by their expertise as well as the hand they are dealt with.
One of the ways the casino websites have devised to keep new players around and to play for a long time is through different welcome bonuses, so they encourage their customers to make it their preferred payment method with exciting promotions. The bonus amount and the types of compensation varies. Let's look at some of the popular bonuses.
Deposit bonuses have become the new wave in the gambling industry. Generally, PayPal casinos only give bonuses and promotions after making your first deposit on their website. A casino welcome bonus amount can get as high as 500% of your first deposit.
As the name suggests, you get rewarded with free spins for doing nothing other than registering an account with their casinos. It is an exciting promotion for slot game lovers. Even if you are not, slots are one of the most accessible and easy games you can play in an online casino. They've required no previous experience or learning curve.
So whether you are an old-timer or new to an online casino, it is advisable that you get the feel of the casino games and even win some real cash with the free spin bonus. The number of free spins you are rewarded varies from one casino to another; usually, it can be from 10 spins to as much as 50.
Like other bonuses, free spins come with requirements and restrictions. Some of the conditions may require you to make a specified first deposit before you can withdraw any winnings with no deposit free spins. Make sure you check the wagering requirements and terms and conditions of your casino site before you proceed to enjoy the bonus.
In a bid to spice things up, PayPal Casinos often introduce new competitions with mouth-watering prizes and cash for lucky winners. Mostly, players are automatically placed in the draw with every bet or deposit. The more you bet or deposit, the higher the chance of winning. Most competition comes with a minimum bet or deposit to enter the draw.
VIP Bonus is the most common and oldest method of promotion and keeps the customers active and loyal to a platform. PayPal casinos are not to be left out. PayPal Casinos often have loyalty levels. Your betting activities and deposits on a casino website earn you more points. The number of points you accumulate determines your level. Every level has its delight. The higher the ranking, the juicer the bonus amount and other benefits such as free spins, cashback, loss back, etc.
While we encourage you to take advantage of the PayPal casinos' "generosity" as much as you can, you have to be smart about it. They are in the business to make money. Their "generosity" is for the ultimate goal of making profits. Every promotion is geared towards this goal. We advise that you check and understand the wagering requirement as well as the terms and conditions of each promotion at any PayPal casino you are settling for.
What is a wagering requirement? In a clear term, it is the mandatory number of times you must roll over the bonus and free bets before you are allowed to make a withdrawal. The wagering requirement varies from casino to casino. The requirement is very steep as over 50 times in some PayPal casinos and as considerate as lower than 10 times in others.
Apart from the wagering requirements, other conditions are often attached to the bonus, such as the minimum bet amount, minimum odds, minimum number of games in sports accumulation, etc.
To not be caught unaware by the online casino, make sure to read the small print under every bonus and promotion and also scan through the terms and conditions of your online casino.
PayPal is the many internet users' favourite method for withdrawing funds from online services. Many are comfortable using PayPal not only for convenience and security but also for the smoothness of transactions. You rarely encounter any technical issues common with other payment processors with a PayPal casino.
Depositing in any PayPal casino comes with no cost, but the withdrawal attracts a marginal fee of 2.9% of the transaction amount over $1,500. 3.4% for a lower amount. Also, if your transaction involves converting between two currencies, you may incur a currency exchange rate of 4.95% of the amount.
Some Paypal casinos may set a minimum and maximum withdrawal limit of their own. But generally, PayPal casinos operate with the general minimum and maximum limits of PayPal. PayPal has no minimum limit but a maximum limit of $10,000 per transaction.
PayPal casinos are becoming increasingly popular, and for a good reason. Not only do they offer the ability to deposit money quickly without having to worry about processing time or fees associated with other payment options, but you can receive withdrawals in your Paypal balance as well. The account creation is easy and fast, and you can easily withdraw your money via PayPal prepaid debit card.