Best Online Casinos that Accepts PayPal

PayPal was established in 1998 and was a subsidiary of eBay until 2014. After the two businesses parted company, PayPal became the world’s largest e-wallet provider and now has more than 400 million customers worldwide.

It is a safe and secure internet payment platform that can be used for many different online transactions, including gambling and shopping. Like most reputable e-wallets, PayPal uses the latest encryption software to protect your funds. 

PayPal has strict verification, anti-corruption, and money laundering policies and imposes stringent requirements on both their customers and the businesses using their services. They actively monitor its clients and only does business with reputable casinos. 

The service links your bank account to your gambling account and you can connect more than one bank account to your PayPal account, giving you access to a range of funding sources.

PayPal also offers you a Prepaid MasterCard debit card that is linked to your account and that can be used anywhere that accepts MasterCard debit cards or to draw cash from the ATM. There are fees for ATM withdrawals, but purchases made with your card are free. 

Advantages of using PayPal

• It is a digital depository and a global leader in online payments 
• It uses up-to-date encryption software to protect all their online transactions
• Your financial details can never be accessed by the casino site
• Creating an account is quick, easy and free of charge
• They have their own downloadable mobile app for iPhone, Android, and Samsung

Disadvantages of using PayPal

• Your PayPal Prepaid MasterCard debit card has a low daily withdrawal limit of about £250. This is lower than the average e-wallet debit card. 
• When you use your PayPal debit card, you are charged for ATM withdrawals, over-the-counter cash withdrawals and declined transactions. 

PayPal Support 

PayPal offers support through multiple channels, including a 24/7 help center and they also have a live chat directly in their app or on their website. For help with more complex issues, their support can usually be reached by phone Monday-Friday. It is important to note that their customer support can only help registered accounts holders for security reasons.

Expert Tip: Always reach out to the casino’s support team first before reaching out to PayPal for deposit issues. Their internal systems allow them to track PayPal transactions instantly, providing you with a much faster resolution.

Making deposits with PayPal

Deposits made using PayPal are mostly free of charge but there are fees for currency conversions and certain transactions specified on their website. For gamblers, this banking method is a quick, convenient and easy way to deposit funds into a gambling account.

Deposits are processed almost immediately, and it doesn’t take long for your money to be available in your casino account.

Cashing Out: Getting Your Winnings via PayPal

If you’re looking to get your winnings rapidly without the usual wait, PayPal is arguably the best choice. The days of waiting 2-3 business days for a bank transfer are no longer the reality. The gold standard for top online casinos is instant payouts. Today once the casino’s finance team hits the “approve” button on their end, you’ll often see the funds land in your PayPal digital wallet in under an hour-sometimes even minutes.

A few things to keep in mind before you withdraw:

• The “Pending” Window’: Even though PayPal’s technology is instant, keep in mind that every casino has an internal period where they verify the win. If you want your winnings as quickly as possible, look for casinos that advertise “Fast Track” or automated approvals.
  
• Watch for Sneaky Fees: Most reputable sites won’t charge you anything for making a withdrawal with PayPal. However, there are a handful of operators who still pass on a small processing fee. Therefore it’s always wise to double-check in the cashier before you decide to commit.
  
• Flexible Limits: Whether you’re cashing out a small £10 win or a larger jackpot win, PayPal is usually quite cooperative. Just bear in mind that each casino sets its own floor and ceiling for transactions.
  
• The Currency Factor: If you’re playing in a different currency than your main PayPal account, for example in USD but your account is in GBP, Paypal handles the conversion automatically. Just stay attentive to the exchange rate, as there’s usually a small spread involved.

The Bottom Line: If speed and privacy are important to you, there is not much that beats a Paypal withdrawal, due to their security and lightning-fast withdrawals. By using PayPal you also keep your bank statement free from direct gambling transactions.

Our Test Results: When we tested the withdrawal speed at Tonybet Casino yesterday our PayPal transfer was completed in just 27 minutes.