PayPal Casinos and Gambling Guide (2022)

What is Paypal?

PayPal is commonly known as an e-wallet. It is essentially a digital account where you can store, send, and receive money. It is also ideal for funding any casino account and withdrawing regular winnings.

PayPal is also one of the most preferred options for gambling players because it suits its players to make payments in their currency and it is also considered one of the safest, quickest, and most trusted options.

How to use Paypal at online casinos

Using PayPal at online casinos is very easy, here are steps that will help you make one: 

1. Sign up on the Paypal site and choose between the ‘Personal or Business’ type of account. 
2. Complete PayPal’s registration form where you need to fill out personal details such as name, email address, country, and password.
3. Select ‘continue’ and complete another form that asks for another detail such as nationality, phone number, and address.
4. Hit the ‘finish’ button to complete the registration to start using PayPal.
5. After completing the signing up formalities, go to the cashier section at any casino site and choose PayPal eWallet service as paying option to deposit.
6. Enter your desired amount as your deposit and allow the provider authorization to transfer money and accept PayPal deposits.

After that, you can now enjoy any casino games using PayPal as your payment option.

Pros and cons of using Paypal

Here are some of the advantages and disadvantages of using PayPal as a payment method. 

Pros

• PayPal payments are known for their fast service where you can deposit into your casino account in seconds. The withdrawals are still faster compared to other payment options. The usual wait for the funding to reach your account usually took 1-2hours after the casino cashier clears them.
• Paypal is trusted by hundreds of millions of users because it is a well-known global brand. It is a legitimate and credible payment method.
• The security that PayPal gives is also good knowing that some players doesn’t confidently share their banking details with any casino, especially with those they are not familiar with. PayPal solves this problem by acting as a middleman where none of the player’s payment details are stored on the casino website.
• PayPal can be used at a wide variety of gambling sites and it is also accepted at any online retailers such as Amazon, eBay, and lots of other big sites, meaning that you can still use PayPal without having to withdraw from your bank account.
• Creating a PayPal account is free and there are no maintenance fees.

Cons

• PayPal conversion rate isn’t free. Selected PayPal can take up to 3% on withdrawals.
• PayPal is also known for its bad reputation for randomly freezing accounts to verify the user’s identity and questioning transactions. 
• Not all casinos accept PayPal payment options, it’s availability is not widespread even though its popularity is growing.
• PayPal is not legal in some other countries because some areas are considered high-risk.

PayPal deposit times

PayPal deposit verification can take 1-3 business days if it’s your first time depositing,  but if it’s the second or third time, the deposit will immediately appear in your account.

PayPal withdrawal times

PayPal withdrawals have different times depending on how you withdraw your funds. There are two ways of withdrawing funds; ‘Standard Transfer’ and ‘Instant Transfer’

The standard transfer process took 1-3 days and sometimes up to 3-5 business days while in instant transfer, it will take up to 30 minutes.

How to choose a Paypal casino

PayPal’s popularity has made it a gambler’s payment method of choice because it is one of the safest and simple. When choosing the best PayPal casino for you to use, the player’s safety is the first thing that you must consider.

To quickly and efficiently identify the best PayPal casino site, you must check the casino’s licensing and regulation, full encryption across the site, transaction fees, payment limits, the number and quality of games, and customer support options.

Why Use Paypal for online casinos

Using PayPal as a payment method is recommended by many online casino players because it is safe, quick, hassle-free, and easy to deposit and withdraw.

PayPal is a cheap and convenient option. It is safe to use this type of option to gamble online and its approach to its security has an upper edge compared to other payment options out there, all its transactions leave behind an extensive paper trail meaning that any fraudulent activity is almost impossible to carry out.