I’m sure that many of you use or have at least heard of PayPal. This super flexible e-wallet has been around since 1998 and became synonymous as part of eBay in 2002. More recently, it became its own independent company.
Paypal, whether it be for buying stuff on eBay or paying for your online grocery shop, is easily the world’s most popular digital payment method with more than 200 million users across the globe.
However, did you know that an increasing number of online casinos now accept PayPal? You can get all the advantages their payment service brings when using your account at your favourite casino.
So many benefits
PayPal has comparatively strict rules concerning the merchants it deals with, especially so in the gambling sector. So when you deposit at a casino that accepts it, you can be pretty sure that it’s fully above board and safe.
Transactions, when using British Pounds, are in the main free of charge, since few casinos charge fees for deposits and withdrawals when using this method. Also, Paypal doesn’t charge you for receiving money back into your account.
Even better, they don’t charge you for withdrawing money to your registered bank account either. As far as I know, all the other e-wallet providers do charge and that can work out pretty costly over time.
I’ve always found depositing transactions to be speedy. You can easily load funds onto your account from your registered bank via the Faster Payments transfer service. This money can then be deposited into the casino using PayPal. It’s all practically instantaneous.
I would always recommend depositing money from your bank rather than using a credit card. Simply because, for example, if you use a Barclaycard, it will be considered it a cash transaction and you will be immediately charged interest. Something that can rack up very quickly. Bear that in mind.
PayPal withdrawals are no slouch either. Definitely quicker than a withdrawal via a debit card to your bank. I’d put them on a par with Skrill and Neteller. Just as long as your casino account is fully verified you can expect payment normally within 24 hours. The fastest withdrawal I’ve ever seen was in a matter of minutes. Superb!
You don’t have to hang around and keep checking your account either. They will send you an email when you receive money, so you know the instant when it has arrived.
Another great benefit is you can easily do all of this on your mobile or tablet. You’ll be able to access everything via their dedicated apps available on IOS and Android or through your mobile browser.
Let’s run through the steps to get you going:
If you don’t already have an account. Sign up at www.paypal.co.uk
The process is very simple, they have made a video here:
Make sure you choose the personal account option and accurately fill in your details as you would when signing up to a brand new online casino.
Create a strong password and use a password safe service or app to keep it secure. You’ll want to add a bank account as well as a debit card.
You will have to verify these accounts, which can take a few days. However, the process is pretty simple and you’ll be up and running in no time. Plus, you only have to do this the once and then all your banking info is securely held.
For casino deposits:
- Go to the casino cashier
- Select PayPal
- If using for the first time, you’ll be prompted to enter your Paypal account details
- Choose your deposit amount
- Confirm on PayPal
- Money is deposited into your account
Below I am going through the process at Mr Green.
Withdrawals are equally simple:
- Go to the casino cashier
- Choose PayPal
- Select how much you want to withdraw
If verified you should receive your money within 24 hours and often much quicker. For example, with Mr Green, my withdrawal was almost instant.
So you’ve got convenience, speed and security built in one, plus no fees. It’s an all-round win-win.
Are there any disadvantages? Well as I mentioned it can be a little slow getting your debit card and bank accounts verified with PayPal. However, once it’s done you’re sorted. There are some casinos that only allow deposits but not withdrawals, they are pretty few and far between though. And, like Skrill and Neteller, using it for your first deposit might invalidate receiving the welcome deposit bonus. Make sure you fully check the casino’s terms and conditions before depositing.
PayPal is ideal for online casinos. While the number of sites who accept it is still relatively small compared to Skrill or Neteller, it is on the increase as more top quality casino brands come on board.
There are so many benefits for users in the United Kingdom.
- It’s quick to setup
- There are no fees 99% of the time
- Fast and easy deposits
- Speedy withdrawals
- A doddle to pay money in and out of your bank
- Most importantly, safe, secure and private.
So if you’ve never considered using PayPal for your casino play, check it out today.
If you’ve already got an account., you can use it at Mr Green. They offer PayPal and a range of other banking options. Plus great welcome bonus offerings and tons of games. Sign up here. Welcome bonus is for over 18s and new customers only. Please check the terms and conditions here and gamble responsibly – BeGambleAware
Have you used PayPal at your favourite casino website? Let me know your experiences in the comments.