One of the major concerns of many online casino players is the banking option. Everyone wants a payment method that is safe and can be trusted. Also, you will prefer an option that is confidential and easy to use. That is why many bettors are comfortable with e-wallet services to make deposits and withdrawals.
However, there are many e-wallet service providers. Among the most popular ones is the PayPal e-wallet. PayPal is well-known globally and has a good reputation. Unfortunately, not all casinos accept it. So, what are PayPal casinos? What are its benefits? How can you make deposits and withdrawals through PayPal, and how much does PayPal charge for transactions? We will answer all these and more.
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What Are PayPal Casinos?
A PayPal casino is a casino that accepts PayPal for deposits and withdrawals. PayPal is a well-known e-wallet service provider. Hence, it won’t be difficult to find many online casinos that accept this banking option.
What are the benefits and limitations of PayPal casinos?
Pros
- Deposits are usually instant, while withdrawals are faster than most other casino banking options
- It prevents the use of your bank card and information on casino sites
- Transactions through PayPal are relatively easy
- PayPal is popular, so you can use the funds in your PayPal account for other business transactions aside from gambling.
- You can quickly transfer funds between your bank account and your PayPal account
- It prevents transactions from gambling sites showing in your bank statement
- Many people are familiar with PayPal
Cons
- Not many online casinos accept PayPal. Hence those accepting it may not have all your favorite games
- Deposit and withdrawal through PayPal may incur charges
- Before you can use your PayPal account for transactions, it will first have to be verified, which may take up to three days
How to Make a Casino Deposit Through PayPal
If you have identified an online casino that accepts PayPal and you are satisfied with its operation, making a deposit is relatively easy. You can follow the steps below to deposit to your favorite PayPal casino.
- Register an account with the casino
- Go to cashier
- Click on deposit
- Select Papal
- Ensure you have enough funds in your PayPal account
- Choose the amount you want to deposit
- Provide your PayPal account information
- Finalize your transaction
The money will appear in your casino account instantly, and you can start playing for real money immediately.
How to Make a Withdrawal Through PayPal
If you are lucky to win, then you can equally withdraw your winnings to your Paypal account. However, you can withdraw to your PayPal account only if you have made your deposit through the same method. To make a withdrawal through PayPal, you can follow the steps below:
- Go to cashier
- Click on withdrawal
- Choose PayPal
- Select the amount you want to withdraw
- Finalize your transaction
How Long Does It Take to Deposit and Withdraw Through PayPal?
Deposit and withdrawal through PayPal are usually instant, but the casino may take some time to process your transactions. There is no need for any elaborate processing during deposits; hence your PayPal deposit will appear instantly on your casino account.
However, the casino will still have to confirm, verify your account and approve your withdrawal before you can get your PayPal withdrawal in your PayPal account. The time for this varies among different PayPal casinos. Typically, it ranges between one to three days. Hence you can expect your withdrawal in your PayPal account after a maximum of three days.
Once you have your money in your PayPal account, you can start spending it directly from the account or transfer it to your bank account. If you choose to withdraw to your account, it may take another three business days before the money arrives in your bank account.
How Much Does It Cost to Deposit and Withdraw Through PayPal?
Deposits are free in all casinos, but some PayPal casinos may charge for withdrawal. Also, your bank may charge you for transferring to your bank account.
Alternative to PayPal
If you do not want to deposit through PayPal, there are other popular banking options to make deposits and withdrawals in a casino. These options include other e-wallet services, credit and debit cards, prepaid cards and direct deposit. Among the common e-wallet services are:
- Neteller
- Skrill
- EcoPayz
Many online casinos will accept all the popular credit and debit cards like visa and MasterCard. While bank cards are equally safe, withdrawals through bank cards usually take a longer time than through e-wallet services.
Frequently Asked Questions
What are PayPal casinos?
PayPal casinos are online casinos that accept PayPal services for deposits and withdrawals.
Do all online casinos accept PayPal?
No, not all online casinos accept PayPal for deposits and withdrawals. However, many online casinos accept PayPal as part of their banking option.
Can I withdraw through PayPal if I have not deposited through PayPal?
No, online casinos usually allow withdrawal to the same account through which the deposit was made.
How Long do deposits and withdrawals through PayPal take?
Deposit through PayPal is instant, while withdrawal through PayPal may take between one to three days.
Will I be charged for using PayPal for deposit and withdrawal?
Most casinos will not charge you for deposits and withdrawals. However, some will charge for withdrawal through PayPal. It is essential to check and confirm the rate before choosing your PayPal casino. Also, your bank may charge you.
The Take-Away
PayPal casinos are online casinos that accept PayPal for deposits and withdrawal. Many bettors prefer PayPal because of its popularity, security, and ease of use. Other benefits of PayPal include the speed of transactions and the confidentiality it offers.
However, not all online casinos accept PayPal. Also, verification of your PayPal account may take a few days, and you may be charged for using the service for a withdrawal.