PayPal Online Casinos

PayPal is an American e-commerce site that has been around since the late 1990's. They operate as an e-wallet, much like Neteller and Skrill. PayPal makes online payments easier and safer than credit cards because you do not have to share any financial data to make transfers. They offer a faster alternative to traditionally slow payment methods such as checks or money orders as well. E-wallets work on the same principle as a cash wallet - they hold your money for you, separate from your bank account, until you are ready to use it. When you are ready to use it, the payments happen safely and quickly and with no hassle. PayPal is currently operating in over 190 countries around the world and processes hundreds of billions of dollars worth of payments in over 25 different currencies.

PayPal works as an e-wallet. E-wallet stands for electronic wallet, and that is exactly the function of internet commerce sites such as PayPal. When you sign up for a new account, you can hook up all of your different bank accounts to your PayPal account and transfer money in and out of them as needed. It is the same concept as a real wallet, where you put your money so it is right there at hand when you need to spend it. PayPal allows you to budget effectively by providing a holding place for your cash that is separate from your main bank account. There are some fees involved for this convenience but usually they are only for withdrawing money, not for making payments.

Signing up for PayPal is an incredibly fast and easy process. When you go to Paypal.com you will see in the top right hand corner a Log In button and a Sign Up button. Click on Sign Up, and you will be taken to a page where you can enter all of your personal information such as name, address, phone number, etc. Make sure that the information you put on your PayPal account matches what you use in your casino accounts, because any discrepancies could mean delays when it comes time to cash out. After you have your account, you can link your bank accounts. Enter your routing number and bank account number, and then in a few days you will see two small deposits from PayPal in your bank account. Enter the amount of these deposits into the verification screen, and then you are good to go! Once your bank account has been verified you can transfer money into your e-wallet and get started gambling online.

Yes, PayPal does allow online gambling payments. In fact, PayPal is one of the most popular internet payment methods in online casinos around the world. So many people already have a PayPal account that it makes it incredibly easy to use instead of signing up for accounts on new sites, or using one method for deposits and another for withdrawals like you have to do when you use a credit card (which cannot accept payments). PayPal did not allow online gambling for over a decade, until 2015 when they quietly with no prior press release or announcement started allowing online gambling payments again. This was great news not only for online gambling customers, but for provider sites as well, because PayPal makes it so easy for them, with no lengthy security protocols to follow like they must with bank transfers.

One of the many reasons why PayPal is so popular is because their deposits and withdrawals are super-fast. When you are moving money around from your PayPal account on the web, transfers happen instantly. You can add money instantly and make payments just as fast. The only time you may experience a small delay of a few days is when you withdraw your money back into your bank account. This may take between three to five days. The delay is due to bank security, and PayPal does not have any control over how long it takes. This is generally about the same wait time as you would experience with bank transfers or e- checks. Other than this one occasion, you will find PayPal to be an extremely fast and super convenient payment method for gambling online.

PayPal definitely comes out on top when you compare it with other payment methods for online gambling. Other payment methods include credit cards, debit cards, bank transfers, e- checks, other e-commerce sites, and wire cash transfers. Credit and debit cards are fast and convenient just like PayPal, but they have some down sides as well. They cannot accept payments, so you cannot withdraw your winnings using a card. They also put you at more of a security risk because your card number is shared with the casino site directly. Bank transfers and e- checks bear the same security risk, and they are also much slower than Paypal. Wire cash transfers using services like Western Union are the slowest of all, and they often involve much heftier fees than electronic transfers. Overall, PayPal is the top option for withdrawals and deposits in your casino account.

Yes, there are some fees for some PayPal transactions. Many of the services PayPal offers are free, such as adding money into your PayPal account and making payments to online merchants, including casinos and gambling sites. You can even withdraw money back into your PayPal account out of your casino bankroll for free. The only time that you have to pay a fee is when you withdraw the cash out of your PayPal account and back into your bank account. The fees are very low and range from 2% to 4% per transaction, depending on if it is a foreign owned company or not.

Yes, PayPal is super safe and you can count on your money and your financial data remaining secure while you use their services to gamble online. Online casinos have a lot of their own security measures in place, of course, including firewall and encryption technology. These features prevent most cyber-attacks and help to keep all of your personal data safe. However, it does help to have an extra level of security, which PayPal provides. PayPal does not show your bank account information when you make payments, so even if the information was stolen from a casino site, your personal financial data would not be part of the package.