PayPal: One of the most secure payment methods on the market
In just a few years, PayPal has established itself as one of the most secure payment methods on the Internet. First installed on the Web, PayPal extends its services to your nearest merchants as well. However, although it is available on thousands of sites, PayPal is only accepted at a few online casinos. For fear of tarnishing its image as well as certain prejudices related to online casinos, PayPal has decided to put this industry aside and, by doing so, deprive itself of thousands of potential users.
PayPal is a private company that, in addition to keeping your personal information safe, allows its users to stop entering their banking information when shopping online.
In this article, we have stitched together a comprehensive guide on the use of PayPal at online casinos, including its pros and cons, the best gaming platforms that accept it, and step-by-step guides on how to make deposits and withdrawals.
Keep reading to discover the best tips and tricks for a stress-free gaming session!
What is PayPal and why use it for online casinos?
The Rise of PayPal in Online Gambling
PayPal is one of the most developed and widespread means of payment in the digital world.
This virtual wallet, very secure and highly reputed worldwide, is very intuitive and easy to use. It is available in almost every country around the globe and offers almost 25 currencies in total.
PayPal offers an alternative to payments by cheque, credit card, or cash, and is available for both your online purchases as well as in some shops.
Unfortunately, the casino world is still being blacklisted by some companies who do not wish to be affiliated with this type of service and, as a direct result of this, PayPal is not often found as a deposit or withdrawal option on many gambling platforms.
This is quite a shame because PayPal offers many advantageous features that online casino players can take advantage of.
Despite this, it remains a popular choice for casino players on the select gaming platforms that allow it. At Lucky7Bonus, you will find several exceptional PayPal online casinos, all of which are listed in this in-depth guide!
The Pros and Cons of PayPal
| ADVANTAGES | DISADVANTAGES |
|---|---|
| ✅ Transaction rates and fees are relatively low | ❌ Depending on your specific transactions, fees can be quite numerous |
| ✅ Transactions are very safe and secure | ❌ Most online casinos do not support this payment method |
| ✅ Offers an extra layer of data protection | ❌ Some online casinos that support PayPal might include additional fees for transactions |
| ✅ Contactless payment is available | ❌ Some online casino rewards are not available for users utilizing this payment method |
| ✅ Users can automatically convert their funds from one currency to another | ❌ Customer support is known for being a bit unreliable when it comes to issues regarding casino payments |
| ✅ Is supported on mobile devices, making it ideal for mobile casinos | ❌ Players must share a lot of personal information to create a user account |
Benefits of using PayPal at Online Casinos
The undisputed leader in online payments, PayPal offers many benefits to its users.
Here are some of the perks that gamers can take advantage of when using this payment method at online casinos:
Security
PayPal prioritizes the protection of your personal data.
With PayPal, both your financial data and your personal information are in good hands, allowing you have the added peace of mind when making online transactions.
Amongst the many measures that this payment method provider implements, you will find the following security features:
24/7 fraud monitoring and detection of unusual card activity
End-to-End Encryption
Purchase protection
The latest authentication methods and strong login security systems
Suspicious money requests are reported, protecting you from scams or fraudulent behaviour
You will only be asked to enter your personal and banking information when you register on the PayPal site.
Once your registration is complete, you will not be asked to enter your bank details again.
If you are asked for your bank details when making a purchase with PayPal, then Lucky7Bonus advises you to be very cautious.
Speed
A standard PayPal deposit is typically instant; however, it can also take between 1 and 3 business days to be processed.
On the other hand, withdrawals from online casinos typically take 3 to 5 business days to arrive in your account. Keep in mind, however, that this processing speed might differ from one gaming platform to another.
Whilst this is not the fastest transaction speed available, PayPal users have the added security that other, instant transaction, payment providers cannot provide.
With PayPal, you can rest assured that no unauthorized transactions will take place from your banking accounts.
Convenience
PayPal is highly renowned around the globe for its flexible and convenient means of use.
You can use this payment method when making both in-store and online purchases, and you can manage funds on both desktop and mobile platforms.
The convenience of PayPal, coupled with the efficiency with which transactions are placed, makes it highly desirable for many users.
With this payment method, you won’t need to enter your financial information every time you make a purchase. Simply enter your details when creating your account, then speed through your transactions with ease!
Player Purchase Protection
PayPal offers you purchase protection at no extra cost!
If, during one of your purchases on the Internet, you do not receive your purchased goods, or if they are in a deteriorated condition, then PayPal will refund your purchase.
However, before requesting a refund, please read the terms and conditions to obtain it.
Furthermore, during your purchases, your data is secure from the end of the transaction until you receive the goods.
How do I use PayPal?
Setting up a PayPal Account
Are you unsure about how to set up your PayPal user account?
Then look no further. Below, we have compiled a detailed step-by-step guide to aid you in this process:
Head over to the company's official website.
Click on ‘Open an Account’. You will find this option at the very top right-hand corner of the site's home page.
Once this step has been completed, a crucial choice will be offered to you:
If you are a private individual and you wish to use PayPal for your purchases on the Internet or send money to a friend, choose the first option available to you, which is called ‘Private Account’.
If, on the other hand, you are a person who sells products and would like to make PayPal available to your customers as a means of payment, simply click on the second option available to you, which is called ‘Business Account’.
Following this, you will need to enter your personal telephone number.
Next, you will have to fill out a form where you will be asked to enter a lot of personal information, including your bank details. Make sure to enter this information correctly, as it is decisive for your further use of PayPal.
Once all the steps have been completed, you will be able to use this payment method. However, don't forget to deposit money on your PayPal account before you get started.
It is very important to note that once your bank and personal details are registered on PayPal, you will no longer need to enter them on the merchant sites where you use this means of payment.
For this reason, if a site that offers PayPal as a means of payment asks for your banking information, flee, as this is likely a fraudulent site.
How do I make an online deposit with PayPal?
Below, you may find a detailed guide on how to place a deposit with PayPal. For the purposes of this example, we will head over to Gamdom Casino.
Making a deposit on Gamdom with this payment method is very easy:
First, log in to your Gamdom player account and click on the small ‘+’ sign at the top right-hand corner of your home page.
Then, select the ‘PayPal’ deposit method.
Once you have completed this step, choose the amount you wish to deposit at the online casino. Gamdom offers you several card choices for this purpose.
You will then be redirected to the Kinguin site, where you will be asked to continue with your purchase. Don't worry, this site is completely secure.
To continue with your purchase, simply click on ‘Buy’. Please note that you might incur some additional fees when purchasing a gift card.
Finally, click on ‘Order’ to finalise your purchase. Before the money appears on your Gamdom account, you will need to enter your personal information, but also enter your PayPal details, which will be used to complete your order.
Once you have completed all the steps, the money will appear in your account balance, and you will be able to play safely.
How do I withdraw winnings to PayPal?
Making a withdrawal using PayPal is equally as simple as depositing money into your account.
Below, you may find a step-by-step guide on how to accomplish this:
Log in to your casino player account.
Click on the ‘Cashier’ or ‘Wallet’ button available on your profile.
When selecting the ‘Withdraw’ section, you will be presented with the list of payment methods available in your region.
In most cases, we highly recommend choosing the same payment method for both deposits and withdrawals. This can make your transaction process much smoother.
Enter the amount that you would like to withdraw from your winnings.
Keep in mind that withdrawal limits and fees will differ from one casino to another.
Confirm your withdrawal request by clicking the ‘Confirm’ button at the bottom of your page.
At this point, you might be re-directed to your payment method provider. Simply follow the prompts requested and confirm your details.
The typical time frame for PayPal withdrawals varies between 3 to 5 business days, however this may differ from one casino to another.
Once your withdrawal has been accepted, all that’s left is to enjoy your winnings!
Can I send and receive money from PayPal?
On PayPal you can send money to your friends and receive money from them, all instantly.
To send money to one of your friends, all you have to do is obtain their email address.
If your recipient doesn't have a PayPal account, they must create one. After successfully doing so, they will be able to receive the money in their account.
As explained in the table regarding rates and fees, there is no charge for the transaction. However, make sure that you are using the same currency, otherwise there will be a fee for the person sending the money.
No matter who sends you money or where it comes from, you will never be charged by PayPal, it will always be the sender who will be charged.
If you have money on your PayPal account and would like to send it to your bank account, this is also possible.
Comparing PayPal with Other Payment Methods
PayPal vs. Credit/Debit Cards
| Category | PayPal | Credit/Debit Cards |
|---|---|---|
| Security | ✅ Top-notch security: Encrypted transactions and two-factor authentication enabled | ✅ Top-notch security: EMV chip, CVV, and fraud protection |
| Fees | ❌ Certain transactions might incur fees | ❌ Annual fees and interest rates might apply |
| Reliability | ✅ Widely accepted as a reliable means of payment online | ✅ Widely accepted both in-store and online by players worldwide |
| Player protection | ✅ Purchase protection features (eligible purchases only) | ✅ Chargeback protection features |
| Availability worldwide | ✅ Available in over 200 countries | ❌ Several payment limits might be put in place |
| Availability in online casinos | ❌ Not available in many online casinos | ✅ Available in almost all online casinos |
Unlike a credit card, where you pay monthly instalments, PayPal offers a free application where you only need to register to benefit from these services.
Ultimately, the choice between these two payment method options depends on your personal needs and preferences.
For example, if you're in the European zone and want to travel to another continent, you will, in most cases, have to change your card to benefit from better services. With PayPal, on the other hand, no matter where you are on earth, the service is always the same.
Both are globally accepted as a convenient means of payment for online transactions, and both charge fees that might make one method of payment preferable to the other.
While both PayPal and credit/debit cards offer top-notch security features that are designed to keep your personal information safe, PayPal offers additional security measures that might make this option preferable.
PayPal vs. Other E-Wallets
| Category | PayPal | Skrill | Neteller |
|---|---|---|---|
| Reliability | ✅ Accepted globally as a trusted payment method | ✅ Reliable platform that is easy to use, less widely accepted than PayPal | ✅ Reliable platform that is easy to use, less widely accepted than PayPal |
| Transaction speed | ❌ Withdrawals are processed in 3-5 business days | ✅ Fast processing times for transactions | ✅ Fast processing times for transactions |
| Security | ✅ Top-notch safety and security features | ✅ Top-notch safety and security features | ✅ Top-notch safety and security features |
| Fees | ✅ Relatively low transaction fees | ❌ Low, but many, transaction fees | ❌ Highest transaction fees |
| Bonus eligibility | ✅ Typically available for bonuses | ❌ Often not eligible for casino bonuses and promotions | ❌ Often not eligible for casino bonuses and promotions |
| Availability worldwide | ✅ Available in most geographical locations | ✅ Available in many geographical locations | ❌ Available in less geographical locations |
| Availability in online casinos | ❌ Limited number of online casinos accept it | ✅ Many online casinos accept it | ✅ Many online casinos accept it |
Your choice between these 3 payment methods ultimately boils down to your own individual gaming preferences.
Whilst Skrill appears to have the highest number of positive aspects, this payment method has some prominent disadvantages that make it not suitable for everyone.
Before choosing an online casino, always make sure to get acquainted with the options available in your specific geographical location.
PayPal vs. Cryptocurrencies
| Category | PayPal | Cryptocurrencies |
|---|---|---|
| Availability in online casinos | ❌ Not available at all online casinos | ✅ Available in many online casinos |
| Security | ✅ Top-notch safety and security features | ✅ Increased safety and security |
| Anonymity | ❌ Users must disclose their personal information, making your identity traceable | ✅ Offers complete anonymity |
| Currency | ❌ Centralised currency | ✅ Decentralised currency |
| Stability | ✅ More stable currency | ❌ Highly volatile and its value fluctuates inconsistently |
| Transaction speed | ❌ Transaction speeds are much slower | ✅ Very fast transaction speeds |
| Transaction limits | ❌ Lower caps for deposits and withdrawals | ✅ High caps for deposits and withdrawals |
| Reversible transactions | ✅ Eligible purchases can be reversed | ❌ Transfers are irreversible |
Whilst there are far more positive aspects associated with crypto methods of payment, there are some massive disadvantages that keep players from choosing this payment method.
Its high volatility makes it very unpredictable, whilst fiat payment methods are much more stable.
In addition to this, while complete anonymity is preferable for many players, the untraceable aspect of cryptocurrencies makes it difficult for customer support to aid players when difficulties are faced.
When choosing which payment method you should choose for your next online casino transaction, we highly suggest keeping these points in mind.
The Top PayPal-Friendly Online Casinos
Criteria for Selecting the Best PayPal Casinos
Choosing a gaming platform that fits your exact requirements can be an arduous task to take up.
In this section of the article, we’ll go through some of the most important points to keep in mind when attempting to find the best online casinos that accept PayPal.
Apart from the availability of this payment method, there are some other important criteria to keep in mind:
Safety and Security
The level of safety and security of an online casino is one of the most important aspects to consider.
In addition to up-to-date security features, always choose a gaming platform that is in possession of a reputable online casino license.
A reputable gaming license ensures that the online casino complies with the following:
Safe and secure bank transactions
All games in its gaming portfolio are fair
The gaming platform itself is completely secure
Responsible gambling practices have been put in place
Game Selection
When joining an online casino, it is vital to ensure that its game library is filled with a variety of titles that appeal to you.
In addition to this, check whether the gaming platform in question has chosen to collaborate with a wide variety of leading software providers.
This will provide you with a vast selection of excellent games to choose from, as well as a significantly more varied choice of themes, styles, and gameplay features to enjoy.
Bonuses and Promotions
Online casino promotions are implemented with the intention of acting as the reels that pull the player in.
With online casinos continually competing with each other for the best promotional offers, you will often find bonuses that appear to be very generous but are, in reality, far from it.
Always pay particular attention to the terms and conditions of these promotions. If a bonus seems too good to be true, its wagering requirements are likely to be very high, and its conditions might be too harsh to comply with.
Familiarizing yourself with these terms prior to joining a casino can save you from a lot of unnecessary stress in the long run.
Additionally, we suggest prioritizing the types of casinos that offer a wide variety of daily and weekly bonuses, especially when such bonuses are targeted towards different types of players.
Top PayPal Casinos for 2024
Would you like to discover some of the best PayPal online casinos in the industry?
Below, you may find the top 3 gaming platforms that offer this payment method for all your online gambling transactions!
Gamdom Casino
Gamdom Casino is an exceptional gaming platform that places a large focus on cryptocurrencies.
In addition to crypto, however, you’ll be able to find several reliable fiat payment methods, including PayPal, one of the safest options available.
This online casino boasts an exceptional gaming portfolio made up of over 4,000 titles, as well as a dedicated section for players to chat with friends and competitors throughout their gameplays.
Join Gamdom today to benefit from up to 15% Rakeback when using our exclusive code!
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Gate777 Casino
Offering a wide variety of daily and weekly bonuses, an impressive selection of high-quality games to choose from, and many fiat payment method options at your disposal, Gate777 Casino is an ideal destination for online gambling enthusiasts!
When boarding this flight-themed casino, new players are welcomed with an exceptionally generous welcome bonus. Make a deposit with PayPal to benefit from it today:
Up to €1,500 + 150 free spins on Play’n GO slots.
Join us in testing our luck at Gate777 Casino, and don’t forget to take advantage of the many tempting promotions on offer!
Casumo Casino
Make your first deposit with PayPal at Casumo Casino to take advantage of this welcome bonus:
100% match-up bonus of up to €300 + 20 free spins!
On this gaming platform, you’ll find a wide selection of payment method options to choose from, as well as a massive game library composed of over 4,000 casino games.
Choose wisely from the many payment method options available and embark on the thrilling online casino journey that only Casumo can provide!
Common Issues and Solutions When Using PayPal Casinos
Transaction Fees
Below, you may find a summary of the rates and fees charged by PayPal for commercial transactions.
Keep in mind that these values might vary according to your specific geographical location.
| ACTIONS | FEES |
|---|---|
| Paying for a purchase | No fee |
| Sending domestic personal transactions | No fee |
| Sending international personal transactions (Canada, Europe, US) | €1.99 |
| Sending international personal transactions (Any other region) | €3.99 |
| Receiving personal transactions | No fee |
| Currency conversions | 3% above the base exchange rate |
| Withdrawals out of PayPal (bank account) | No fee |
| Withdrawals out of PayPal (cards) | €2 fixed fee |
| Inactive PayPal account | €10 |
Country Restrictions
As previously stated, there are a limited number of online casinos that offer PayPal payment methods, and an even more limited number of reputable platforms that will allow you to utilize PayPal for deposits and withdrawals.
In addition to this, players are also limited by their geographical location, as some online casinos will restrict players from specific regions from utilizing PayPal.
If you find that you are affected by these geographical limitations, here are some alternative payment methods that you might wish to utilize:
For more information on these methods of payment and how they compare to PayPal, we have compiled a detailed guide on each that you can find on the Lucky7Bonus website.
Troubleshooting Deposits and Withdrawals
If you encounter any issues during your PayPal experience, including delayed withdrawals or declined deposits, rest assured that this provider’s customer support system is very adept at resolving user problems.
To contact PayPal customer support, simply follow these steps:
Visit the official PayPal website.
Make sure to log in to your PayPal user account.
Click on the page titled ‘Contact Us’.
An FAQ section will be available for the most commonly asked questions.
Choose the issue that resembles your query the most.
If this section does not answer it, scroll down to the bottom of the page and utilize one of the available options:
Send a message
Make a call (8AM – 8PM CST)
Use the PayPal chatbot
Alternatively, you can reach customer support directly on the PayPal app:
Click on your profile photo.
Select the tab titled ‘Message Center’.
Then, simply click on ‘Ask the PayPal Assistant’.
Users must share a lot of personal information
PayPal is a very secure service; however, this security comes at a price.
When you register your PayPal account, you will be asked to share a lot of personal data, including your bank account information.
In order to ensure the legality of the data you enter on its site, PayPal will ask you to confirm your bank account details, so you will be debited a certain amount, twice, the total amount of which is equal to what is displayed in the table, depending on your currency.
Once you see that PayPal has withdrawn money from your bank account, head over to the PayPal website and complete the steps required to confirm your details.
When you request confirmation, you will need to enter both amounts withdrawn by PayPal. This step is used to confirm your account and allows you to deposit and withdraw money from this payment method provider.
Responsible Gambling and PayPal
PayPal’s Role in Promoting Responsible Gambling
PayPal plays an important role in the promotion of responsible gambling on gaming platforms.
This role encompasses several different tools that players can utilize to limit their spending and monitor their transactions.
Here’s how PayPal has implemented these responsible gambling features:
Allows its users to set automatic transactions for recurring payments. This helps them to avoid incurring any late fees and to manage their money more efficiently.
Transfer limits are implemented, enabling players to place a cap on the amount of money that they spend during any given gaming session.
User transactions are monitored on a 24/7 basis. Users are immediately notified if any unauthorized or suspicious card activity is detected.
Top-notch security features, such as those offered by PayPal, are vital to staying safe from the many potential threats lurking on the internet.
Linking PayPal with Self-Exclusion Programs
In 2022, PayPal introduced Gamban’s blocking software for online gambling transactions that take place with the use of its platform.
The implementation of this self-exclusion program offers players the option to stop any or all gambling transactions to and from online casino websites or apps.
In this way, gamers are given the means with which to manage their gaming habits more effectively.
If you or someone you know requires the use of a self-exclusion program, we highly encourage PayPal and the many responsible gaming tools it offers.
Conclusion: PayPal at Online Casinos
PayPal offers one of the most widespread means of payment on the Internet. For the moment, however, this private company refuses to affiliate with the vast majority of gaming platforms on the market.
Despite this, with the democratization of the online casino world and the increasingly strict rules with online casinos, it is not impossible that, within a few years, PayPal may decide to change its policy towards the online gaming community.
Lucky7Bonus highlights the safest online casinos in the industry, offering you some of the best platforms to experience a thrilling and unforgettable gaming session.
Try your luck on the top PayPal gaming platforms listed in this article and enjoy what is sure to be an unforgettable gaming experience!
