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PayPal Online Casino

Paypal is an electronic payment platform, one of the oldest in the business. The e-wallet was developed in the late 1990s by Confinity. The company merged with Elon Musk’s X.com and eventually settled on the name Paypal, in 2001.

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They facilitate transactions between parties via online transfers. It is one of the most widely used means of making deposits and withdrawals at online betting platforms. When the group merged with eBay in 2003, they pulled out all engagements with gambling or gaming outfits. They had serviced both licensed and offshore sportsbooks before their merger. They had to pay out $10 million to the US government as a Civil settlement for their activities with offshore casinos and sportsbooks. But since their return to the gaming space, they began to operate only on licensed platforms. In 2015, Paypal started working in licensed US states.

This article details how Paypal transactions work at US online casinos, why it is such a popular option and all you need to know to start making transactions with the platform.

How PayPal Works

Paypal is an online financial service, and it allows you to pay for items on the internet in a safe system. They offer payment services for both personal customers and corporate businesses. This system means customers can purchase, make payments, and send money quickly. Asides making payments, people can also send money to other users on the platform. You can also make payments with the funds received.

Signing up on the platform as well could never be more straightforward. You simply need to visit the website – Paypal.com and click on the Sign-up button. You would be asked to pick either a personal or business account, and you are good to go. Afterward, you need to add your name, email address, and create a password. After you verify your account from the email sent you, your account is set up, and you can start making deposits. Keep your bank, credit, or debit card details at hand, as well, as the info is usually required.

Paypal has fit their website with a secure TLS encryption that ensures your data is kept safe and secure, and HTTPS connections mean your account is less susceptible to attacks. The optional Paypal security key adds an extra layer of protection to your account, and users can activate it as soon as they sign up. The platform is licensed in virtually all US states, and online gamblers can wager on online gaming platforms in states where such gambling is permitted.

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Delaware, Nevada, New Jersey, and Pennsylvania are the only American states where online gambling is legal at the moment. But we can expect a few others to follow suit soon. The following online casinos rank among the top options for American gamblers within these states looking to transact online via Paypal.

 

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Low Deposits With PayPal Casinos

Paypal is the oldest e-wallet on the market, and their experience shows through in their security and reliability. It is fast, and transfers made to merchants are usually instantaneous. Making deposits on licensed online casinos is very easy. Within the online casino’s cashier section, simply navigate to the Paypal option from the deposit menu provided. Put in the amount you want to deposit and hit submit. The platform will often redirect the Paypal payment portal, where you will be required to put in your username and password. You will also need to confirm your payment information. The online casino will subsequently inform you if the deposit is successful.

The easiest way to make deposits with Paypal is via an existing balance. When another Paypal user transfers to you, it counts as part of your existing balance. A user can draw an instant electronic check a bank account, or move more lump sum amounts via wire transfers. In the United States, online gamblers may not use a credit card or debit card to fund their account for gambling purposes. This restriction is because many banks have limits on gambling transactions, even legal ones. But the limitation is getting more relaxed.

When depositing funds via Paypal, there is a limit to the amount per time. This limit is usually about $1,500 per transaction, $5,000 per day, and $40,000 per month. The deposit time is often instant and appears in your casino balance within a maximum of 10 minutes.

Withdrawals at PayPal Casinos

Paypal casino withdrawals are almost as easy as making deposits, but not as fast. PayPal will appear as a withdrawal option once you make a successful deposit into your account via the platform. Within the online casino’s cashier section, simply navigate to the Paypal option from the withdrawal menu provided. Put in the amount you want to withdraw and click “continue.” The platform will redirect the Paypal payment portal, where you will be required to put in your username and password. Afterward, you will submit the withdrawal request.

You can withdraw into your Paypal account via an electronic check, check, or a branded debit card that you can use at an ATM. Withdrawals typically take three to four working days to process. The minimum withdrawal amount is usually $20.

The first time you attempt to withdraw your earnings from a PayPal online casino, the casino will require you to provide some information that verifies you as the owner of the account to avoid fraud. This verification may require you to provide one or more of your Birth Certificate, Utility Bill, Passport, etc. Subsequently, a single click is needed to facilitate withdrawals.

PayPal Currency Conversion

One of the many advantages transacting on the PayPal platform offers to users is a currency conversion. This option allows people to make transactions in as many currencies as they need to.

The process is simple. After you log in to your PayPal account, locate your profile tab at the top of the page. Under the “Financial Information” section, you can access “Currency Balances.” Here, the portal prompts you to enter the amount you want to convert and choose the currency, to which you want to convert the money. PayPal provides a preview of how much your converted funds will amount to as soon as you “Calculate” it. If you are comfortable with it, Click “Continue” to accept the conversion. Note that PayPal’s User agreement documents that they charge a conversion fee of 2.5% for every conversion made.

Paypal Mobile App Review

Mobile Betting

Online and Mobile gambling sites can offer generous and attractive bonuses to their users because they have drastically reduced their net spending compared to their land-based counterparts. As a result, more people frequent these platforms. Mobile Casino providers are available in many variants and sizes. The smartphone casinos boast increased portability plus intuitive navigation, making them just as enjoyable as the online versions. With an app, iPhone and Android users can also enjoy their favorite games from the comfort of their hands.

Much like online casinos, mobile casino users can also make deposits and withdrawals via PayPal. As a very secure means of transaction, this has come as great news to mobile casino gamblers. The process is pretty much the same, as it is for online casinos provided the user already has a PayPal account. Mobile Casinos like 888 Casino have fully integrated the payment method into their software and eased their user’s gambling experience.

PayPal Online Casino Bonuses

American online casinos usually will not give you bonuses because you make deposits by a particular payment portal, not even Paypal. However, making deposits via the platform or any other avails you the opportunity of taking the various bonus offers they have on show such as no deposit bonuses, welcome bonuses, and others.

PayPal Casinos Advantages And Disadvantages

There are many reasons why PayPal is the most trusted payment platform globally. A significant drawback of the online payment platform is the fees they charge. PayPal charges 2.9% + $0.30 for transactions made by the user with a credit or debit card. This charge is asides the currency conversion fee amidst a few others. They also have relatively underwhelming customer service and receive lots of queries from time to time. Withdrawal times as well are relatively longer than most counterparts.

On the flip side, the extra security the platform provides is unmatched. Users are rest assured of the safety of their personal details, as well as their funds through the encryption software Paypal runs on their platform. The e-mail verification adds an extra layer of security. Whenever you make any transaction on your account, you receive a mail, and this helps you keep track of transactions and flag those you did not authorize promptly. Furthermore, deposits are fast and help users take advantage of user-friendly bonuses at most casinos.

Conclusion

Since returning to the online gambling space, the payment platform has slowly walked its way to the top of the leaderboard. Their history serves them well, and despite the disappointing charges, if your interest is a fast, secure, and reliable means of transferring funds, Paypal should be among your significant considerations. The fact that users can use their balance to transact on many other platforms, not just online casinos, makes them difficult to ignore. Sign up with Paypal now and start making those secure transfers.

Still not sure which payment method is the most suitable for you? Do not worry, we have prepared reviews for other options for your convenience, so you can choose the best deposit and withdrawal method without any fees!

FAQs

Can I use PayPal as a payment for a casino?

Yes, you can. Many top casinos have Paypal options for withdrawals and deposits. Check your online casino’s website to see the options available to them.

How fast are PayPal deposits and withdrawals?

Deposit times are usually instant, and your deposit appears in your casino balance within a maximum of 10 minutes. Withdrawals often take a longer time to process, three to four working days.

Is PayPal safe to use for casino payments?

Yes. The platform is very safe and secure for both your personal details and your money. The company is fully licensed to operate within the United States and only works with licensed online casinos; hence, their safety and security.

Are PayPal deposits instant?

Yes, Paypal deposits are instant. Once the transaction is successful, the funds will appear in your casino balance.

Do all casinos offer a PayPal payment method?

No. Not all casinos offer this payment method, but most of the top online casinos offer a Paypal payment method. However, it is getting increasingly popular, and casinos that do not offer this option will be looking to do so soon.
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