PayPal is an online e-wallet payment system that can be used to carry out financial transactions over the internet. Since the rate of gambling online has been snowballing over the past decade has grown exponentially, the use of PayPal is equally on the rise. If you have ever had any questions about PayPal in relation to gaming online, then you came to the right place. Let’s dig in!
Online Casinos That Accept PayPal as a Payment Method
Many online casinos allow players to carry out payment transactions using this e-wallet, here some of them:
Benefits of Using PayPal
Using this payment method in online casinos is prevalent because it presents many advantages to online gamblers using it to make payments online. Those benefits include:
- Quick Deposits and Withdrawals
All the Payments are instant, unlike other payment options that take longer because of things
like verification processes. And like loading your account with PayPal, cashing out is also super-fast. The duration of processing beats all other payment methods by far, and for the most reputable platform, it won’t take you more than a few hours to enjoy your cashed out earnings.
- Your Safety and Security Is Guaranteed
PayPal is one of the safest ways to carry out payments to an online casino. For starters, even if you want to use funds from a connected bank account, you don’t need to provide your sensitive bank account information which means that your personal information is anonymous and safe. Besides, its payment system is also heavily encrypted to protect user’s personal data from being tapped into by any malicious third parties.
- Exclusive Bonuses for Using PayPal
There are some casino operators that offer bonuses and promotions for players who make their payments online.
Cons of Using PayPal
The downsides of using this payment option when gaming online are few. The most significant demerits include:
- Not all casinos are accepted
- You will incur some fees for some transactions
All the PayPal Fees
PayPal is just like any other payment system where you may incur some fees as you continue using it.
- Maintenance Fees
This e-wallet does not charge regular maintenance fees, it is free.
- Transaction Fees
When you make Domestic Personal Transaction Payment, you will not be charged anything (when no currency conversion is involved).
Also, money transfer between bank account to PayPal may accrue some fees as well as direct withdrawals to your account.
Fees can occur if you receive transfer from abroad. Better for you to ask about fees by using PayPal in online casino support.
You must, however, confirm with your parent gaming platform whether the house levies any charges for transactions carried out using this option.