Founded in the year 1998, PayPal is considered to be one of the most trusted and secured online payments systems available in the market today. It is used to support online money transfers and also works as an electronic alternative to the age past paper methods like money orders and checks. Previously known as Confinity (in 1998) and then X.com (in 1999), it became a subsidiary of e-Bay in 2002, that later declared it as a separate company under the name of Paypal Holdings Inc. (in 2015).
Paypal allows businesses, online merchants including small e-commerce sites as well as any individual with an email address to safely and cost- effectively send or receive online payments. To use Paypal as a method of payment, all a customer needs to do is to own an email address & a password, using which they can easily create a Paypal account and get ready to spend their money anyway they want, anywhere they want.
|Currencies||25 (Australian Dollar, Brazilian Real, Canadian Dollar, Czech Koruna, Danish Krone, Euros, Hong Kong Dollar, Hungarian Forint, Israeli New Shekel, Japanese Yen, Malaysian Ringgit, Mexican Peso, New Taiwan Dollar, New Zealand Dollar, Norwegian Krone, Philippine Peso, Polish Zloty, Russian Ruble, Singapore Dollar, Swedish Krona, Swiss Franc, Thai Baht, UK Pounds Sterling, Us Dollar)|
|Parent Company||E-Bay (2002- 2015), PayPal Holdings Inc. (Since 2015)|
|Business Nature||Online Payment System|
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Paypal is considered to be one of the top most and leading payment networks in the world. It works as a common link between buyers and sellers. It is trustworthy, highly efficient and easily preferred by customers everywhere. The reason for the same is discussed in detail below :
It is the most convenient and globally accepted online payment method. You can easily link your bank account/credit card with the casino account and make the casino transactions.
PayPal uses multiple safety and security measures to ensure the safety of the real money deposits made by online players. It uses a Buyer Protection Protocol, which makes sure that each of your transactions are completed, your data is encrypted and your money is safe from any type of fraud.
Paypal Supports above 25 different currencies in over 200 different countries. There are many primary currency options available according to your place of residence and your IP address. Like, for a user in the UK, it provides the option of Pounds Sterling (GBP) where as for Sweden Players, it will be Swedish Krona, or for the Players in the USA, you will have the option of US Dollars and so on.
Paypal use a One Touch System that enables a player to make faster transactions. This means that a player can stay logged in to their account by activating the Paypal One Touch payments system and make instant deposits and withdrawals with just a few simple clicks.
Paypal Credits is another good reason to use Paypal as a mode of payment in your transactions. Paypal Casino Credits or Paypal Credits for gambling signifies that a player can earn free Paypal money instantly. In specific terms, it basically enables a player to fund themselves in order to make deposits or anything really, in advance, using Paypal and providing them with the opportunity to pay at a later time. It’s a credit card with no plastic and 0% interest rates on higher purchases.
Paypal keeps no holds barred when offering bonuses and promotions to online real money players. On every deposit, every gameplay on casino games & every sign up using Paypal, a player can be assured to have a Paypal casino bonus waiting for them. PayPal also has a Rewards Program in which all the credit points, miles, cashbacks and bonuses you earn, are added for future use.
Paypal provides a 24- 7 customer support system that keeps an eye on every transaction made by a player to ensure its safety. The Paypal Payment Review is another process that is used to ensure the safety of high- risk payment transactions. Moreover, for every query or question a player might have, he or she can reach Paypal’s customer support through various methods or platforms. These methods include : an E- mail, Live Chats or the good old mobile customer service.
With the increasing reach of PayPal in so many industries, especially the new casino sites that accept Paypal, it can be confusing as to who can really use PayPal. The answer is very simple and answered by Paypal themselves. They say :
PayPal is for everyone who pays or gets paid.
Paypal is divided among two main categories : Business and Personal. Where on one side, a Personal account can benefit an individual by : creating an account, transferring and collecting money or to simply pay online; a Business account can be used by small businesses, e- commerce sites and other merchants to : sell internationally, accept online payments, or to send online invoices, get business solutions and much more.
Other than this, it can also be used by :
It is used by many organizations, throughout the world, in order to provide safe and cutting edge payment solutions to its customers.
Paypal also provides easy solutions to accept online donations, in person donations and much more for charities, not- for- profit organizations, PTA or sports club etc.
To use Paypal, a user needs to Sign Up at its official site. There are two options to register and login at PayPal. A player can sign up & login instantly via the Free Sign Up or go the main site and fill up a detailed form, either way, Paypal will be your guide and help you manage your funds throughout.
First, a player can sign up for free at Paypal with just an email address and a password.
After login, add a way to pay (i.e. either your bank account, a credit card or a debit card), in your new PayPal account.
Use the PayPal login and pay instantly, without the hassle of entering any other financial information.
A player can, Visit the official Paypal site > Complete the personal data form > Agree and Create a new Paypal account> Choose to Make a deposit or Send Money> Add Your Card or other Banking Details> Start with your Transactions.
Signing in or Logging in to your PayPal account is a very simple task.
A customer can just use his/ her email address or mobile number to enter.
Adding a bank account or a card (credit or debit) will help a player to make a transaction instantly using Paypal. However, a user can also easily add funds to their Paypal wallet after setting up their account. They just have to login, go to wallet, click on ‘Transfer Money’. Following that, click on ‘Add Money to your Balance’. Then, follow the on- screen steps to transfer money from your added bank account to your PayPal money balance.
Paypal allows its users to be able to send, spend and receive money, among many other things. This means that you can shop online, send or receive money & gift cards to and from friends & family, get paid back and much more from a single account. The best part is that you can use all these functions with just a name, email address or a mobile number and the money you sent or requested will be transferred directly to the receiver’s or your Paypal account in an instant.
A user doesn’t need to add money to their Paypal account, as it allows you to directly use your credit card, debit card or bank account, among various other viable options, as a payment method. But, in case a player wishes to add money to their Paypal Wallet Balance, then all they have to do is :
A customer is able to withdraw funds (or redeem e-money) from their Paypal account by electronically transferring the money to their bank accounts. This process is referred to as ‘Transfer to Bank’. The step wise details to withdraw money from your PayPal account is given as follows :
There are various Paypal preferred payment methods which a casino player can use to make a deposit or a withdrawal at online casinos sites that accept Paypal. The deposit methods that are most preferable are as follows : a Debit or a Credit Card ( this includes a Master Card, Visa Card, American Express etc.), a bank account (for all instant transactions and eCheque Payments), Paypal Balance and Paypal Rewards Balance.
Other payment methods also include : PayPal Cash, a Pre- Paid Card ( in exclusive cases), PayPal co- branded debit card, Paypal co- branded credit card and Paypal Cash Plus account balance.
No, Paypal doesn’t charge any fees, whether to sign up here, send or receive money, or to make a withdrawal from its account. You can easily sign up or open an account for free with no additional charges involved. It also allows you to transfer funds with no cost attached to it i.e. you can use your Paypal balance, debit or credit card, or even your bank account to send money to family and friends and more with no extra charges involved. Example : If a UK player wishes to send money to someone else in GBP (UK currency), then there will be no Paypal fees involved.
|Account Activity||Transaction Fee|
|For all Domestic or Personal Transaction Payments||Free (In cases when no currency conversion is requested)|
|For Cross Border or Personal Transaction Payments to the EEA in Euros or Swedish Krona||Free (if no currency conversion is required)|
However, there is a conversion fee involved if your transactions requires currency conversions, among other things. This means that if a PayPal Casino Player decides to deposit, withdraw, send or receive money in a currency that is different that the one they normally use or different with respect to their place of residence, then it will cost them a conversion rate fee, in order for them to be able to transfer the funds.
Paypal allows you to send or receive money in currencies that are not the original or primary currency of your account. This implies that you can choose to send or accept payments in another currencies. However, there is a currency conversion fee involved.
A Currency Conversion fees refers to the amount a player has to pay in order to convert their money in to a currency other than their primary one. This Transaction Exchange Rate can be based on many different factors as mentioned below :
If a player is sending other Cross Border Transaction Payments, then the fees you have to pay depends on the country in which the receiver’s account is in, along with the amount being sent. It is depicted as follows :
|Account Activity||Account Recipient’s Country||For transactions between|
|0.00 - 49.99 GBP#||50.00 - 99.00 GBP#||100.00+ GBP#|
|Applicable for users that have a registered account in the UK, Gibraltar, Guernsey, Isle of Man, or Jersey||US & Canada||0.99 GBP||1.99 GBP||1.99 GBP|
|Northern Europe, Europe I, Europe II*||0.99 GBP||1.99 GBP||1.99 GBP|
|Rest of the World*||0.99 GBP||1.99 GBP||3.99 GBP|
#Please Note : If the transaction is funded in a currency other than GBP, the conversion fee rate will be according to the amount equivalent in GBP, which is calculated using the prevailing base transaction rate pursuant to the terms and conditions mentioned in the user agreement at Paypal.
*The above mentioned group names signifies the following countries :
For Northern Europe : Denmark, Greenland, Norway, Finland (includes Aland Island), Iceland, Faroe Islands & Sweden
For Europe I : Austria, Monaco, Gibraltar, Malta, Spain, Belgium, Greece, France (includes Martinique, French Guyana, Mayotte, Guadeloupe & Reunion), Austria, Slovenia, Germany, Vatican City State, Portugal, Italy, Netherlands, Montenegro, Slovakia, Cyprus, Luxembourg, Ireland, San Marino, Estonia & United Kingdom (includes Channel Islands and Isle of Man).
For Europe II : Croatia, Romania, Lithuania, Poland, Hungary, Serbia, Republic of Moldova, Switzerland, Macedonia, Ukraine, Kosovo, Albania, Czech Republic, Georgia,Bosnia and Hercegovina, Russia, Belarus, Latvia, Bulgaria, Liechtenstein & Andorra.
For Rest of the World : This includes all the other countries that are not mentioned in any of the above country groups.
Many UK slots sites as well as new Paypal Casinos let’s a player deposit money or withdraw their winnings using PayPal as a banking method. However, it is possible that there may be a funding or withdrawal fee involved with respect to the country in which you have your account. For information about the same, please read the User Agreement by PayPal thoroughly.
PayPal Mobile App offers a medium through which you can make faster and easier transactions. Using the Paypal Casino Mobile, a gambler can easily transfer, deposit or withdraw money from their account with just a tap, at any point of time. In case you don’t have a Paypal account, you can open one in seconds using the mobile app.
The app is available to download for free on Google Pay Store as well as iPhone App Store.
Its main features include :
A majority of online casinos accept PayPal as it work in 25 different currencies.
Yes, to make online deposits using PayPal you need to have a registered PayPal account.
PayPal and the supported casinos work parallel in this case. Sometimes casinos impose the max/min limits and at other times PayPal sets different limits for different casinos. This is something that needs to be checked by the players before signing up with this gateway.
Yes, it is very safe to use PayPal. In fact it is considered to be the safest banking method as it only allows the licensed casinos to make deposits using PayPal.
Yes, Belarus, Burma(( Myanmar), Cote d'lvoire, Iran, Iraq, Liberia, North Korea, Sierra Leone, Sudan, Syria, Western Balkans and Zimbabwe are restricted from using PayPal as a payment method.