What Is PayPal?
One of the largest and the most recognized payment processors that are used in the online gambling circuit is PayPal. It started its operations in 2003 in the iGaming industry and has been the most preferred choice by many of the gambling enthusiasts who love to play online gambling games with real money. The customers from Great Britain can choose this method as their most preferred payment option provided the site has got the license from the UK Gambling Commission. There are quite a lot of PayPal UK gambling sites that you come across on the internet now. It is the easiest payment service to use to buy products and services online and also to gamble on the internet with real money. The process will just take a few seconds to complete, and you can instantly put money into your account.
How Does It work?
If you are looking to enjoy safe and secure gambling, then opting to play at PayPal casinos is the best choice. It does not require your credit or debit card details to make payments on the go. If you want to make use of its features, then signing up for an account and also providing your bank account details is mandatory. Just visit the sign-up page, enter all the details asked for in the form and then press the sign-up button to create the account.
- Link your debit or credit cards details with your PayPal account. This will make the process of fund transfer easier. It is important that you choose only PayPal online casinos that have an account so that the transfer is possible;
- You can choose any card that you have entered to be the preferred option to make purchases;
- All you need is to enter the email address in the send money option and the amount that you would like to transfer from your account to the recipient’s account.
Deposit and Withdraw Using PayPal
If you already have an account and you have linked it with your credit or debit card, then making deposits to online betting houses can be done within seconds.
- Log in to the internet gambling website where you have signed up and click on the cashier or banking option;
- Here, choose this payment method as the preferred option and then key in the amount that you would like to deposit;
- Click on the confirm button, and you will be directed to the provider’s website where you need to enter your email address and the password to complete the transaction;
- Visit the cashier section page, and you can see the money to reflect in your account.
The withdrawal process is more or less similar to the depositing process. You need to check out the minimum and the maximum amount that you are allowed to draw from the betting account. Go to the cashier section and click on the withdraw money option. Here, you will need to enter the amount that you would like to take out and then provide the email details. Follow the on-screen instructions to complete the procedure, and the money will be taken away from your account and put in the preferred payment provider’s account.
Advantages and Disadvantages of PayPal
- Fast and secure deposits made to and from the casino;
- The player’s banking and personal information are protected from online gambling sites;
- Only username and the password is needed to complete a transaction;
- Withdrawals are processed faster and swiftly compared to other methods;
- Extra bonuses might be offered by internet betting sites for using this payment method.
- Cannot be used as a method of deposit and withdrawal in some casinos;
- Only a limited number of betting sites accept this payment option.
Do All Casinos Accept PayPal?
No, not all the casinos accept this as a payment method because it was kept away from the gambling industry for many years. But, the number of casinos using this as a preferred payment method is increasing.
Is PayPal Safe to Use in an Online Casino?
It ensures great safety and security and this is why it is recommended to use this option to make payments in online gambling sites. The sensitive personal and financial data of the customer is not required to be furnished to the gambling websites when using this payment method. Only the email address of the customer is needed to put or withdraw money.
What Is the Minimum/Maximum Amount I Can Deposit via PayPal?
The minimum amount that you need to put will vary from one internet casino to the other. The minimum might be between £10, and £20, and there will be no fees charged for making deposits.
Are There Any Fees Charged?
There are no fees charged for making deposits and withdrawals using this option.
Can I Use PayPal in a Mobile Casino?
Most of the internet gambling centres that have this option to put and withdraw money also allow it to be used in mobile casinos.
How to Find a Good Online Casino that Accepts PayPal?
Do thorough research on the internet to find out the gambling sites that accept this method. The site that you choose must be licensed and regulated.
With so many advantages, there is no one stopping you from using this method to deposit and withdraw money in the internet casinos. Why not use it and see the benefits that you can reap when betting with real money.