For a very long time depositing money in your casino account through PayPal was unthinkable. PayPal was one of the few payment providers that chose not to work with online casinos. The nowadays billion-dollar company wanted to focus exclusively on e-commerce and consumers.
Providing payment gateways to casinos wasn’t a priority and remained shelved for more than a decade. A lot can change in a couple of years. Since 2014 the first online casinos started to offer PayPal as a payment method. One of the first online casinos was LeoVegas, which ran big advertising campaigns promoting their new payment method.
UK and Indian online casinos are likely to offer PayPal to their customers as a mean of payment. And it’s with no surprise that a growing part of the players are choosing PayPal as their preferred payment method when playing in a casino.
But what should you know about playing in a PayPal casino? Why should you use PayPal and are there any downsides to it? We gladly explain everything you need to know about using PayPal as a payment method below.
How safe is PayPal to use as a payment method?
In a casino you can choose to use PayPal as a method to either deposit or withdraw funds from your casino account. If you want to play with real money, you deposit, if you however want to return the money, you withdraw. Some forms of payment can only be used for deposits. PayPal can however be used for depositing and withdrawing money. If you are using PayPal as a payment method, you of course want to know how safe it is.
We can tell you up front that PayPal is one of the safest forms of payment out there. PayPal has substantially invested time and money into creating one of the safest payment environments ever to exist. If you pay through PayPal, whether it’s in an online casino or web shop, you always pay within PayPal’s own eco-system. This means that you are always in the safety of PayPal’s digital walls and never have to be afraid that others might access your funds or personal data.
The only thing that you have to look for, is the way you protect your own PayPal account. Choose a secure password and do not login your PayPal account from a public Wi-Fi that others you don’t know have access to.
But as long you keep the use of PayPal within the PayPal eco-system and choose a safe password, PayPal is likely to be the safest method.
Why it’s more fun to play casino games in a PayPal casino
As you know things like PayPal casinos do not really exist but are more or less a form of branding for casinos to show that they offer this payment method. And we of course totally agree, because it must be a lot more interesting to advertise your casino as a PayPal casino than an ordinary casino without PayPal.
There aren’t any other big differences between PayPal and normal casinos, since the only real difference is the availability of PayPal as a form of payment. There are however many benefits to PayPal which we will explain below.
Whether you want to play roulette, blackjack or a video slot: if you deposit with PayPal you are free to play any game you want. There aren’t any restrictions when depositing funds to your casino account through PayPal.
The benefits of using PayPal
Safe and easy, that’s what PayPal has become famous for. More than a billion people have either sent or received a payment with PayPal making it one of the biggest payment providers of the world.
This all because of the large number of benefits PayPal has to offer its clients. One of the most prominent benefits is the friendliness of its system. You can open an account within seconds, connect it to your bank, and start using it for a broad range of service or products. You can also choose not to connect PayPal to your bank account. Instead, you can send funds from your bank account to your PayPal address. In that case, you have the freedom of using PayPal anyway you want as long as the funds are accessible.
Another major benefit of using PayPal are its fast transaction times. A deposit made through PayPal is a deposit that will appear in a flash of an eye in your casino account. If you simply don’t want to wait any longer, PayPal is definitely the payment method to use.
Some payment methods are as fast and easy to use as PayPal. But they have not access to nearly extremely friendly and experienced customer service personnel of PayPal. If you have any questions about any payments through PayPal, whether made out to an online casino or a retail outlet, you won’t have to wait long before you receive an answer.
Shorter and easy withdrawals
PayPal is known for it, sometimes, excessive fees. Every transaction that is made through the systems of PayPal is charged a transaction fee. If you are on the receiving end of the transaction, you are usually required to pay the fees. Most online casinos however choose to pay the transaction fee for you.
This means that PayPal is also perfectly suited to use for withdrawals. If you want to have your casino funds in your own possession as soon as possible, PayPal is the way to go. With withdrawal processing timeframes of only one to two days, PayPal is one the top of the list.
But if you have no problems with waiting a few days longer, you should be fine with using a bank transfer as your withdrawal method. The main reason for this method to trump PayPal is that you don’t have to transfer your money from PayPal to your bank account too. Chances are that you are paying transaction fees on that specific transaction. If you instead withdraw your casino account funds through bank transfer, you’re not paying anything.