How to convert your PayPal money?

Many people in the online casino community are asking the question: How can I deposit money from a PayPal account to an online casino?

The answer is clear, it is impossible. Why is it impossible? Because the online casino market in some countries is a grey market, meaning that it is not prohibited, but tolerated. This is why PayPal refuses to send money to a gray market because users could take advantage of it to create disputes when they have simply lost at the online casino.

We can observe an exception that confirms the rule: In Belgium, depositing money through a PayPal account is allowed in Belgian online casinos. Why is this? Simply because in Belgium, the online casino market is a white market regulated by a territorial commission. Therefore PayPal is protected, as well as the Belgian online casinos, against any disputes.

Now you know a little bit more about why you can't deposit money directly to an online casino via your PayPal account. Directly no, but indirectly yes! In this article, we will show you the different ways to convert your PayPal money into other payment methods so that you can deposit your money at any online casino!

What is PayPal?

Most people are familiar with PayPal, have a PayPal account, or have heard of it.

PayPal is a worldwide online payment service created in 1998. It is present on most online marketplaces and has established itself as a leader in Internet transactions. It allows you to make professional or personal transactions between PayPal accounts. But also to link your bank account to it, which allows you not to put a single penny on the platform. As a result, with each purchase via PayPal (if you do not have funds on it), a direct debit is made within 3 working days on your bank account.

How do I convert my PayPal money into Bitcoin?

Bitcoin is a cryptocurrency that is starting to be democratized on the internet, many online businesses are starting to integrate it as a means of payment. Of course, online casinos are no exception to the rule and are increasingly offering this means of payment.

However, few, if any, automatic platforms offer the exchange of money from a PayPal account to Bitcoin. This is why it is necessary to go to P2P "market places" (from private individuals to private individuals) specialized in this area. Or else go through some little subterfuges that we'll explain to you.

Paxful

Paxful is a P2P marketplace that offers the sale or purchase of Bitcoin via various payment methods. These transactions are carried out between individuals, it is users like you and me who are the actors of this market. Paxful is just the platform to put a buyer and a seller in contact. By registering on Paxful you can buy and sell Bitcoins.

In our case, to convert your PayPal money into Bitcoin, you need to register. Then, on the home page, you have to indicate the PayPal payment method and indicate the amount you have available for the transaction.

After entering this information, you can start your search. Then Paxful will offer you a shopping list from the lowest to the highest price by default. As you can see the prices can sometimes be higher than the current bitcoin price. Obviously, the price offered is the price chosen by the seller and not by the platform.

If the prices do not suit you, we advise you to come back later, other offers will be available with perhaps more interesting prices.

All you have to do is choose an offer by pressing the "Buy" button to go to the offer page. We advise you to check the reputation of the seller, his activity, and especially to read the conditions of sale that the seller imposes.

You are now ready to buy your first Bitcoin with your PayPal money. If you want to continue using your PayPal money to buy Bitcoin, bookmark your seller as a favorite, as this will give you a trusted person to do this kind of transaction with.

We also advise you to verify your identity on the platform, this will allow you to access other offers and also to secure your transactions. Click here to join Paxful!

Localbitcoins

Like Paxful, Localbitcoins is a market place to exchange bitcoins between users via various payment methods. At this point, we will focus on the purchase of Bitcoins with PayPal money.

First, you need to register on the platform and go to the home page when this is done. Then, you just have to select, the amount you want to spend, your country, and the PayPal payment method.

After indicating your preferences and launching your search, you will arrive on a list of currently available offers. The offers are created by users like you, so the prices can be above the current Bitcoin price. This increase is the seller's commission.

If no price is suitable for you, come back later to see additional offers at lower prices. Otherwise, select the offer you are interested in. Usually, the offers are listed in ascending order.

By selecting the offer you were interested in, you were redirected to its page. Once again, this is a person you don't know, so always check his evaluation, his activity, and the conditions of sale.

When you have decided, you can send a transaction proposal to proceed with the exchange and get your Bitcoins. If you were satisfied with the exchange, bookmark this seller to make the same kind of transaction with someone you trust.

We also advise you to verify your identity on the platform, this will allow you to access other offers and also to secure your transactions.

Bitnovo

Bitnovo is a Bitcoin-based platform offering a complete service to its users. You can buy Bitcoin, store it, sell it, or use it in regular shops with a Visa card.

It is the only platform that offers the purchase of Bitcoin with PayPal money automatically! Well, indeed, it's a bit more complex than that, otherwise, it would be too simple. Luckily we are here to show you how.

When you go to the Bitnovo website, you may notice a "Redeem Coupon" button on the menu above the site.

This feature allows you to redeem a Bitnovo coupon purchased on a dedicated platform. Several platforms offer the purchase of a Bitnovo coupon, we recommend the Recharge.fr website. Thanks to this site you will be able to buy Bitnovo coupons with your PayPal money.

As soon as the transaction is completed, you will receive your coupon by email. Go back to the Bitnovo website and go to the "Redeem your coupon" section. All you have to do is enter your coupon code and the address of your Bitcoin wallet and you're done!

Coinbase

Coinbase is one of the major players in the world of bitcoin and cryptocurrency in general. You can store your Bitcoins in your wallet at no cost, buy or sell other cryptocurrencies with their dedicated wallets, but also spend them wherever you want thanks to a credit card.

It is now no longer possible to buy your Bitcoins on Coinbase through PayPal, but you can do the opposite: convert your Bitcoins into PayPal money.

It's easy to do!

Just go to your Bitcoin wallet and sell your Bitcoins to the Euro. There is a fee for this conversion depending on the amount of the conversion.

Then go to your Euro wallet and transfer your money to PayPal instantly and free of charge.

As we said, the transaction is instantaneous and free of charge. You can go directly to your PayPal wallet to enjoy your money!

Click here to join Coinbase!

How do I convert my PayPal money to PaySafeCard?

PaySafeCard is a prepaid card-based payment method. They are usually found in tobacco shops or on online platforms.

It is the most common way to convert your PayPal money for use at online casinos. Please be aware that in some geographical areas, you will not be able to deposit with a PaySafeCard at an online casino. Always make sure that the online casino you wish to deposit at accepts this payment method.

Recharge.fr

Recharge.fr is a site that allows you to purchase PaySafeCards with a variety of payment methods. We will look into the method via PayPal.

You will first need to go to the Recharge.fr website and select the amount you want from the 4 available options.

Then, you will need to proceed to the payment by selecting the PayPal option. Don't forget to fill in your email address as this is where the site will instantly send you your PaySafeCard coupon.

Finally, as soon as the transaction is completed, you just have to go to your mailbox to retrieve your coupon and use it as you wish.

How do I convert my PayPal money into Cashlib?

As with PaySafeCard, Cashlib is a means of payment via prepaid cards. It is possible to buy them either in shops or online on sites that sell these coupons.

On the sites dedicated to this purpose, you can spend your PayPal money to get a Cashlib coupon. Please note that in certain geographical areas, you will not be able to deposit with a Cashlib at an online casino. Always make sure that the online casino you wish to deposit accepts this payment method.

Recharge.fr

You can find us at Recharge.fr which allows you to purchase your Cashlib coupons via payment methods such as Visa, Mastercard, etc. Or in our case, with money from PayPal.

You will need to go to the Recharge.fr website and select one of the 4 options available to you to choose the amount you want.

You are then redirected to a page to proceed to payment. Select the PayPal option and don't forget to enter your email address in the box provided.

Once the transaction is completed, go to the mailbox of the email you previously indicated. Usually, the site sends you an email instantly. With this coupon in your possession, you will be able to easily deposit the money you spent to get it at an online casino.

How to convert your PayPal money into Neosurf?

Here is a third payment method based on prepaid cards. You can buy your Neosurf coupons either in tobacconists or shops or online. We are going to focus here on how to buy Neosurf coupons online via sites that offer the sale of these coupons.

On these sites, you can use your PayPal money to buy Neosurf coupons. Please note that in certain geographical areas, it will be impossible for you to deposit with a Neosurf card at an online casino. Always check if the online casino you want to deposit at accepts this payment method.

Recharge.fr

On the Recharge.fr website, you can buy Neosurf cards. Go to the Recharge.fr website and select the amount you wish to have on your Neosurf coupon.

After selecting the desired amount, the site will redirect you to the page to proceed with payment. Enter your email address in point number one and choose the PayPal payment method. The email is a necessary step to complete because you will receive your Neosurf coupon via it.

When your payment is made, you can go to your mailbox to get your Neosurf prepaid card. Code is indicated on this card, this code is necessary to deposit the amount of the card at an online casino.

How do I withdraw PayPal to my bank account?

To finish our article, we will explain how to withdraw your PayPal money to your bank account. This may be considered an innocuous operation for some people, however, we prefer to explain it to you so that PayPal has no more secrets for you.

Go to your PayPal account in the payments section. In this section you need to link your bank account to your PayPal account in the "Your preferred means of payment" section, this verification can take about 2 days.

Once your PayPal account is linked to your bank account, you can go to your "Portfolio" of your account and select the "Transfer Money" option.

After that, you are redirected to a transfer page. In the "Debits" section you can select "Transfer to your bank account". Finally, your money will be transferred to your bank account within 2 working days.