- Extensive VIP program with ongoing player rewards
- Powerful software
- Swift payouts on games within 2 days
- Broad games variety
The Advantages and Disadvantages of PayPal
The biggest advantage is the fact that a huge number of people already have PayPal accounts. This means that there’s no need to go through a sign-up process before making a deposit – you can simply use your existing PayPal account to fund an online gambling account. PayPal doesn’t require players to deposit money into a PayPal account before making a deposit either, as they can simply take money from your bank automatically. This means that depositing using PayPal can be faster than other similar methods, such as Neteller and Skrill. PayPal is also incredibly safe, and transactions are generally instant.
The biggest disadvantage to using PayPal is the fact that there aren’t loads of PayPal online gambling sites out there – although the number is steadily growing. This is because the provider has a strict vetting process for sites that want to offer their payment option, and many casinos online simply don’t want to go through the hassle of gaining approval. The fact that the vetting process is so strict means that you can be sure that a site accepting PayPal is a completely trustworthy one though.
PayPal is known by most people around the world, as it is the number one online payment method around.
How to Deposit and Withdraw with PayPal
It is incredibly easy to deposit for real cash online gambling with PayPal. If you don’t already have an account, it only takes a couple of minutes to sign up for one, and you can then link your bank account to your PayPal account. You then simply click on the provider's logo at an online gambling site and follow the instructions to make the deposit. Because your PayPal account is linked to your bank account, the funds will automatically be taken from your bank and transfered over to the gambling site. This means that your banking details are never shared with the site you’re playing at.
Withdrawing is just as easy – simply head to the banking section at your chosen online casino, sportsbook or poker site, and follow the steps displayed on the screen. When the money is in your PayPal account – something that usually takes around a couple of days – you will be able to instantly withdraw the funds to your bank account. For those who enjoy great online gambling, PayPal really is one of the easiest banking methods on the web!
Play at a PayPal Online Gambling Site Now
After reading the above, you should now know that there are loads of great reasons why you should use PayPal for gambling online. But how exactly do you find the best PayPal online gambling sites around? The answer is a simple one: read through the list of reviews on this site, and choose the one that is right for you. All of our reviews have been written by experienced online gamblers, and we are not owned by any casino site, so you can be sure that we are completely honest when reviewing a site.
To recap, PayPal has loads of great advantages, however the biggest is simply the fact that so many people already have an account, meaning that there is no hassle involved when looking to start real cash play using this payment method. The fees are also more than reasonable, and the security is incredibly good. When all of this is combined, it is clear to see that PayPal is one of the top choices around for online gamblers.
Frequently Asked Questions
What is PayPal?
PayPal is the world’s biggest online payment company, and it is used by millions of people throughout the world. It has been around since 1998 and it used to be used mainly to pay for eBay purchases. It can now be used to make payments at many different sites though, including a number of great online gambling sites.
How does it work?
PayPal acts as a middleman for payments, meaning that your banking details never need to be shared with an online gambling site. Once you have set up an account, you just need to use the PayPal option at your chosen online gambling site to make a payment. PayPal will then automatically take the funds from your bank account and transfer them to the online gambling site.
Do they allow online gambling transactions?
Contrary to some people’s beliefs, PayPal do allow online gambling transactions. All online gambling sites looking to offer PayPal must first go through a strict vetting process though, and many sites simply don’t want to do this. The fact that PayPal are so strict does mean that you can completely trust an online gambling site that offers this payment option though.
How quick are payments?
When you deposit at an online gambling site using PayPal, you can expect the funds to be transferred straightaway. Withdrawals take slightly longer though – generally around two working days – as the online gambling sites take a bit of time to authorise withdrawal requests. Transferring money from your PayPal account to your bank account is usually instant.
How do they compare with other payments?
Like all other major payment options at online gambling sites, PayPal can be completely trusted to keep your details safe, and they also offer incredibly fast payments. Their fees are also very competitive, although PayPal is more expensive to use than credit or debit cards. PayPal isn’t as widely accepted as most other payment methods though.
Do I have to pay fees?
Yes, you will have to pay some fees when using PayPal, however they are lower than many other payment options. It is free to deposit at online gambling sites using a PayPal account, however you will have to pay a 3.9% charge (plus a small flat fee) when you receive money from an online gambling site. This fee is lower for larger transactions though.
Is it safe to use?
Yes, PayPal is incredibly safe to use, as they spend a huge amount of money on security every year. What’s more, when using PayPal, your banking details will never need to be shared with an online gambling site. To ensure that you always remain safe when gambling online though, only ever play at an online gambling site recommended by us.