Here is a selection of top PayPal casinos reviewed and rated by our experts:
Online Casinos that Accept PayPal
If you’re looking for a fast-payout gambling site, choosing a PayPal casino is your best option. These casinos not only process deposits instantly, but also pay out promptly. Given the popularity of PayPal in the online gambling space, you’ll have a plethora of options.
But how do you find a reliable one? That’s where Gamblescope comes in. We will not only recommend the top PayPal casinos, but also explain how you can find one that suits your needs.
As one of the leading e-wallets in the world, PayPal has become a players’ favorite payment solution. Unfortunately, you can only use this digital wallet for gambling outside Canada and some states in the US.
Initially, you could not use PayPal on any online gambling site. The restrictions stem from the fact that PayPal is a US-based company and the government of the United States isn’t one that encourages online gambling, until recently. It was also a worry that gambling sites that made use of PayPal could aid money laundering activities.
It wasn’t until other E-wallets such as Neteller and Skrill began to allow online casino payments that things started to change. These services saw an opportunity in the industry and decided to take maximum advantage. With fortunes made in the gambling industry, such payment systems made up a lot of ground on PayPal.
PayPal later decided to change tactics. It removed restrictions placed and started enabling online casino transactions. As soon as this started, PayPal was able to distance itself from its competitors by growing and becoming the financial giant it is today. But still, US gamblers cannot use this ewallet.
Why play at PayPal casinos
Besides being popular and globally accepted by online casinos, PayPal has several other advantages. These include:
It’s free to use
PayPal is safe and secure
It provides instant deposits and fast withdrawals
Affordable transaction fees
Easy to use, even on mobile
Automatic currency conversions
Minimal information exchange. All you have to do is provide your PayPal address to make a casino deposit.
Disadvantages of PayPal
Before getting too excited about PayPal casinos, you need to understand that the e-wallet has a few shortcomings. Notable ones are:
Not all online casinos accept PayPal. While the digital wallet has a global reach, some US states, Canada and a few other countries still don’t allow PayPal in online gambling.
Often slow verification. Opening a PayPal account is quick, but verification can take days.
Lack of buyer protection in gambling. PayPal has a buyer protection plan where users get refunds should problems arise. However, this scheme doesn’t cover gambling transactions.
Ineligibility for bonuses and promotions. Once in a while, you’ll come across casino bonuses that aren’t available if you make a deposit via e-wallets. Since PayPal is an e-wallet, you can’t claim such deals.
Customer support is also a bit slow. While it has improved over time, it could be slightly challenging to get help when you need it.
How to make a PayPal deposit
PayPal works as an intermediary between an online casino and a player’s bank account. While the majority of modern online casinos are safe and secure, the truth is most people would prefer not to give their credit or debit card information to such sites. Thanks to PayPal, players only have to give their details once and can pretty much process transfers to and from multiple gambling sites using the service.
Depositing via PayPal is pretty simple. Just follow these steps:
Open a PayPal account and fund it. You can also link a credit/debit card
Pick a reputable PayPal casino and register
Load the deposit page and select PayPal from the listed options
A pop-up window will appear requesting you to enter your PayPal login details. Enter the details, and the amount you wish to deposit.
Confirm the transfer. The money should appear in your casino account immediately.
How to make a PayPal withdrawal
PayPal withdrawals may vary from one casino to another - just slightly though. Nonetheless, the standard withdrawal process involves the following procedure:
Head to the casino’s withdrawal page and select PayPal
Keeping the cashout limits in mind, enter the withdrawal amount
Authorize the transaction and allow the casino to process the request.
Once approved, the money should appear in your PayPal balance after a few hours.
PayPal fees and timeframes
In most PayPal casinos, especially those listed here at Gamblescope, PayPal transactions are free. The e-wallet itself doesn’t impose deposit or withdrawal fees. However, players outside the EU may be subject to withdrawal fees that can go as high as 3.4% of the cashout amount.
While the latter is subject to change, you’ll surely have to pay for currency conversions. It’s therefore advisable to transact in the currency you chose when opening a PayPal account.
On the positive side, PayPal transactions are normally quick. Deposits are instant and withdrawals take up to 24 hours. The payout process can take longer if your casino account isn’t verified.
PayPal transaction limits
Casinos have different rules when it comes to deposits and withdrawals. That’s why transaction limits vary. However, most PayPal casinos accept a minimum of $10 per deposit. Some can cut it to $5 and others take it higher. Maximum PayPal deposits per transaction are capped at $5000 in most sites.
For withdrawals, the same applies. Most PayPal casinos allow a minimum withdrawal of $10 and a maximum of $5000. Nevertheless, this is not cast in stone. The limits are subject to change as a casino pleases.
Safety and Security when using PayPal
One of the few things that set PayPal apart is its security approach. The e-wallet has several measures in place, including:
With these features, no one else can access your PayPal account. Again, the company doesn’t disclose your bank account details to third parties. You never have to worry about identity theft.
Clearly, PayPal has invested in safety and security. But this can easily go down the drain if you share your login details. You can do so knowingly or unknowingly, but the results are often catastrophic. Once someone gains access to your PayPal account, they can send or withdraw money as they please. So, you should keep your passwords private and avoid accessing your PayPal account through public computers or WiFi.
Similar Payment Methods
As good as it is, PayPal is still not accepted in some casinos. The good thing is that there are always alternative options. Payment methods that work like PayPal include: