What is PayPal?
PayPal is a third party money transfer business that allows users to send and receive funds online. Moreover, PayPal is now integrated in to millions of online stores, meaning that customers can use their PayPal account to purchase goods and services – including that of online casinos.
The company was first founded in 1998 and is now owned by parent company eBay. PayPal are now a global organisation, with 2017 revenues amounting to just over $13 billion and as such, are now listed on the NASDAQ stock exchange. Due to the nature of the underlying technology, PayPal payments are virtually instant, which is great for casino deposits.
PayPal make their money by charging fees to use their services. However, as will be explored further down, UK users are afforded with free deposits (when using a debit card or bank account) and withdrawals (when back to a UK bank account). In our ‘Casinos with PayPal Deposit’ guide, we are going to take a look at how PayPal works, and how this relates the bet with PayPal process at online casinos. To conclude, we will identify some of the best bonuses offered by PayPal casinos.
How does PayPal work?
As a third party payment processor, PayPal act an intermediary between the user and the merchant. To get started, you need to open a PayPal account, which takes no more than a couple of minutes. You will then need to enter some personal information, such as your name, address and date of birth.
Once initiated, you can then fund your account directly via your PayPal account using a bank account. However, it is best to wait until you are at the deposit process of your chosen PayPal casinos operator, as you will have the ability to perform an instant debit card deposit.
Nevertheless, when you have funds in your PayPal account, you can do a number of things. First and foremost, PayPal allows you to transfer money to people located anywhere in the world – even if they don’t have a PayPal account. This is an instant transaction, and if done on a UK-to-UK basis, is free of charge.
As a highly established payment processor, PayPal also allow you to use your account to purchase goods online, including that of PayPal casinos. Essentially, using PayPal is a secure way to transact online as you do not need to expose your debit/credit card details to the merchant. Moreover, PayPal also have a range of safeguards in place to ensure that you are not accustomed to online fraud, such as a ‘Buyer Protection’ scheme.
So now that you know the main premise of PayPal, in the next part of our ‘Casinos with PayPal Deposit’ guide we are going to look at how you can deposit funds at PayPal casinos.
How do I deposit with PayPal?
Before you attempt to deposit funds at PayPal casinos, it is important to note that your PayPal account must be verified. Whilst you can continue to use your PayPal account at a range of online merchants without verifying your account (up to a certain limit), if you plan to use it at PayPal casinos, then it must be a verified account. Among other reasons, this is to ensure that you are legally able to bet with PayPal.
To do this, you simply need to confirm some personal information, such as your debit/credit card and bank account. PayPal does this by making a small random deposit in to your account, whereby you need to confirm the code that is attached to the transaction.
Nevertheless, once you have verified your account, you can then begin your bet with PayPal journey. When it comes to depositing funds at PayPal casinos, you will be asked to log in to your PayPal account via the gambling operator. A pop-up box will then appear, asking you to confirm the amount that you want to deposit.
If at this stage your PayPal account is not funded, you can make an instant deposit using your debit or credit card. In some cases, PayPal also allow UK users to make an instant bank transfer, however the availability of this seems to be somewhat sporadic.
Once you confirm the transaction, PayPal casinos will credit your gambling account instantly. The vast majority of PayPal casinos do not charge you any fees to deposit with PayPal, which is most definitely a plus-point.
Moving forward, you will need to repeat the above process every time you want to bet with PayPal.
So now that we’ve covered the bet with PayPal deposit process, in the next part of our ‘Casinos with PayPal Deposit’ guide, we are going to look at how you can withdraw funds.
How do I withdraw via PayPal?
In a nut shell, the greatest benefit as a result of choosing to bet with PayPal is the withdrawal process. The key reason for this is that, like most other e-wallets, the withdrawal time-frame is significantly faster than other methods, such as a debit/credit card. In most cases, PayPal casinos will process your withdrawal request within a few hours, which once completed, means that your funds should arrive in your PayPal account without delay.
Once the funds have arrived in your PayPal account, you then have the option to withdraw them to your UK bank account. Withdrawing to a UK bank account is not only instant, but its free too.
Once again, in the vast majority of cases, PayPal casinos do not charge any fees to withdraw via PayPal.
Before moving on to the final part of our ‘Casinos with PayPal Deposit’ guide, let’s recap on the pros and cons of using PayPal casinos.
Casinos with PayPal Deposit Facilities: Pros and Cons
- Instant deposits
- Ultra-fast withdrawals – funds usually received in a matter of hours
- Secure – no need to enter sensitive financial information when you bet with PayPal
- Some casino promotions prohibit deposits that are made via PayPal
- The option to bet with PayPal is not available on all casino platforms
Casinos with PayPal Deposit Facilities: Promotions and offers
So now that you have a much better understanding as to how PayPal works, in the final part of our ‘Casinos with PayPal Deposit’ guide we are going to explore a couple of the most notable sign-up bonuses offered by PayPal casinos. To clarify, not all casino promotions allow you to deposit with PayPal, so it is always best to first read the terms and conditions.
The first recommendation from our ‘Casinos with PayPal Deposit; guide is that of William Hill, who not only have one of the most prominent presences in the UK high street bookmaker space, but they are also industry leaders in the online sector. By registering an account. Casinos with PayPal Deposit facilities such as William Hill offer new players a 100% matched buy-in bonus up to a staggering £300. You can bet with PayPal and still take advantage of this offer, although do bear in mind that there is a 30x wagering requirement.
The second recommendation from our best ‘Casinos with PayPal Deposit’ guide is that of Irish bookmaker Paddy Power, who have made a hugely successful transition over to the UK market, and as such, now make up the ‘Big 5’ of British bookmakers. Their online casino platform is vast, covering a range of casino games – both software and live, virtual games, bingo and of course, slots. Not only do Paddy Power offer new customers a ‘Bet £10, Get £50’ sign-up offer, but you are perfectly fine to bet with PayPal. Wagering is set at 50x.