PayPal is probably the most popular online payment system used by millions of people around the world. After the boom of the World Wide Web, the payment method became even more popular than traditional paper methods such as money orders, checks, etc.
Established in 1998, currently PayPal is among the biggest Internet payment companies in the world.
Overview
PayPal is known as one of the most successful and popular payment methods, when it comes to online payment. The system has become so popular in the past decade and according to some of the reports it has more than 250 million users. Surely, this might vouch for the quality and efficiency of their services.
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Within the next few lines we would like to talk about one of their services – eWallet. Probably you have heard about it, and even if you haven’t, we will try to cover the most essential parts here. PayPal’s eWallet is widely popular among casino players and it has been known for its simplicity and ease-of-use. By using it you will have many privileges in the online casinos.
It has also been adopted as one of the main payment methods in lots of international gambling sites, so once you have registered one, there will actually be no restriction where to play.
As the company points out itself, PayPal is an easy, safe and convenient method for making online payments, which allows its customers to pay in a way suitable for them. The system also guarantees safety, because no sensitive personal or financial information is revealed to third parties.
Opening a PayPal Account
There are a couple of things you will have to do in order to get an account in PayPal. Of course, you have to visit the official website and you also need to make sure that you are using the genuine link, rather than some fishing webpage that will get your information.
Once you fill the fields requiring your information you will be granted access to your account and you will be able to start exchanging money online, withdrawing them to your debit/credit card or play in some of the casinos that take PayPal as payment method.
One of the key benefits of PayPal is the ease-of-use. You can send money in just a few clicks. The money will be received immediately. The system works just fine with online casinos as well.
Once you create your account there and state that your payment method is PayPal, the gambling site will credit your PayPal deposit once, so you can start playing right away – no need of waiting for approval status or any other processes. Any other information you might want to have regarding PayPal and its services can be found in the official site, which is extremely rich in information.
Of course, the advantages of PayPal are not only the above mentioned. There are hundreds of small benefits that you will get and you will start realizing that as soon as you make your account. The first thing is the number of transactions – PayPal allows quite a big number for free. However, there might be some fee charges depending on the banking information and the place, time and kind of deal you are performing.
It might be a good idea to take a look at the fees and charges of the casino you have chosen – there you will be able to find such information and decide whether or not it is a good option to use PayPal on this current website.
The privacy and security is something extremely important in Internet, and this is why PayPal makes everything possible just to keep you safe. Be aware that your financial data will never be shown to anyone. And the last but not least – the payments are extremely quick and easy – everything will be done in just a few clicks. PayPal does not require you to re-enter your personal information and debit/credit card on each transaction.
Types of PayPal Accounts
No matter that all customers accounts are provided with a variety of options and users can both send and receive payments through them, there are three types of PayPal accounts.
Personal
This type of account is recommended for people who prefer to make purchases and payments over the Internet, including sending or receiving personal payments for shared expenses.
Business
The account is recommended especially for merchants who operate under the name of a certain group, company or organization. Some additional options and features are offered to such customers, such as allowing limited access of a certain number of employees to the account.
Premier
The Premier Account is recommended for the so-called “casual sellers”, as well as for non-business organizations that are willing to receive their payments over the Internet or make online purchases themselves.
Fees
The fees implemented by PayPal are some of the lowest on the market. It depends if it comes to a purchase or a personal money transfer over the payment system network.
If a customer pays for a purchase, the operation is free of charge. However, if they get paid, the fee will be in the range from 1.9 to 3.4% + €0.35. When in comes to a personal transfer, the rules applied are the same, no matter if it comes to sending or receiving money.
Regardless of the operation, personal transfers are free when the money comes from the user’s PayPal balance. In the rest of the cases (when the money comes from a credit/debit card), the fee rate amounts to 3.4% + €0.35. In these cases, the user decides if the fee is to be paid by the render or by the recipient.
In addition, a retail exchange rate is used if the user’s money transaction requires a currency conversion. The exchange rate amounts to the wholesale cost of the foreign currency plus a fee for the currency conversion.
And last, but not least, registering a PayPal account, as well as withdrawing money from a user’s balance to their bank account are absolutely free of charge.
Security
PayPal is one of the payment services providers that are most focused on providing their customers with top-level security when making their transactions. Both safety and privacy are extremely important when operating over the Internet, especially when it comes to money transactions.
PayPal offers the so-called Buyer Protection to its customers, which is active in case when an eligible item purchased over the Internet does not arrive or does not match the initial description. In such cases, the protection may reimburse the user for the item’s total amount plus postage. The protection cay cover the customers’ purchases made online, on eBay or on any other website. The same rule applies when a payment is made on the website of PayPal itself.
The Buyer Protection covers all kinds of physical goods that can be posted and which do not come as a violation of the policies of the company’s website. PayPal also offers a list of items that are not covered by the Protection.
Mobile Application
PayPal has not consolidated its positions on the market, but its influence rose when it comes to making online money transactions. The influence of the Internet also played an important part in the development of the PayPal Mobile Application.
The launch of the PayPal Mobile Application was an important step of the payment system’s overall evolution. It is currently available for iPhone, Android and Windows Mobile.
The application can be downloaded to the customer’s device directly from PayPal’s website. Another option for the payment method’s users is to log in their Google Play, Windows Phone Marketplace or iTunes account and download and install the applications.
Conclusion
After its Initial Public Offering in 2002, PayPal quickly managed to rank among the global leaders on the market. Currently, there are more than 150 million users accounts registered all over the world. The payment service is available in almost 200 markets and comes at 24 currencies.
For customers reviews about PayPal check TrustPilot
Contact Details
- website: www.paypal.com
- tel number: 00 1 402-935-2050
- Headquarters: San Jose, California, U.S.
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FAQs
It is one of the world’s most widely spread internet payment services, known for efficiency and high quality of service.
This is one of their services, and their most popular product among online gamblers, as it’s accepted on many online betting sites.
Yes, it is, because the system offers guarantees when safety is concerned. No personal info ever gets revealed to any third parties.
Yes, there are. You can choose between Personal, Business, and Premier accounts, but not all of these are preferred choices for online gambling.
Yes, there are, but they are still among the lowest on the market, depending on where the money comes from in a transaction.
Yes, it can, but keep in mind that not all online casinos will offer you this option, even if they accept PayPal as a deposit method.
It can sometimes take days, depending on the bank account the casino uses.
Yes, you are, and some online casinos will even throw special bonus offers at you, dedicated to a specific banking method such as PayPal.
So I use PayPal for more things than I use anything else. I pretty much use PayPal as my wallet. It’s super easy to send money I’ve even used it to deposit on certain sites and I’ve used it to withdraw. They even have the debit card which is an awesome feature to be able to have and use to purchase things you can use your phone. Just don’t mess up and get busted for term violations because once you’re done there, you’re done
i have never seen an online casino that accepts paypal as payment method deposit/withdrwa… and i might suggest that it is not recoomended for a specific reason, paypal oftenly suspended paypal account holder for some invalid reason and by that time u have to appeal and takes to days before it can be resolve and worse it can take up to half a year… i would love to know few casinos that accepts paypal as payment method i would like to take a look
Paypal is great despite my 2.9 rating. It’s just that you can’t or shouldn’t withdraw/deposit straight to or from a casino from it or to it. Sometimes you “can” but technically it breaks their terms of service and they can hold your funds or suspend your account. However, it is a good companion/step along the way to depositi g/withdrawing, as long as you use a intermediary wallet your cool.
Although I have had my PayPal account suspended for somewhere along the lines of 3 months or possibly even longer, due to a user potential agreement/policy violation they wanted to investigate. Which they claimed I was in violation and they permanently suspended my account with nearly $600 worth of casino winnings being frozen and no way to use these funds. They cited that I wasn’t allowed to use PayPal for funding online casino accounts or withdrawals from online casinos. I argued that EVERY online casino provided PayPal as an allowed payment method/withdrawal option. Eventually everything was finally resolved. They too the full 120 days or whatever before finally admitting that I had done nothing wrong and I was finally able to use my funds within my PayPal account. Needless to say, it was an extremely frustrating experience. Since then, I’ve had no issues.
PayPal as a deposit option is freely available on the majority of UK licensed casinos. It’s a good method that gives privacy if not wanting to use a debit card, casinos will verify that the deposit has come from a PayPal account registered in the same name as the user. I would recommend PayPal as a deposit option
I used PayPal deposit method earlier a lot. I don’t know is there anymore a lot of casinos who accept PayPal deposit method from Europe?! I am Finn and I have not find any casino for a years who accept players from Finland to deposit via Paypal. Wake up Casinos, take PayPal back!
Was always my main way of depositing but also using the crypto only feature once in awhile and I actually just used my PayPal but very seldom. It has a wide variety of crypto available but I am no longer allowed to use it as far as the crypto feature is, except to receive withdrawn winnings to my Litecoin and sell them because PayPal just does not want me to send any type of crypto to any type of address and I have even spoken on the phone for more than a total of 2 hours all the occasions I’ve how to resolve this issue. It’s always described as resolved and to wait a few days and it should work again and I’ve never worked again. 🙁
PayPal has been very problematic for me lately when it comes to withdraw or payment using Bitcoin. They keep saying that I don’t have a balance but show the balance as a method of paying. I’ve ended up having more fees trying to send to another wallet than just using ether and converting it to Bitcoin after it’s been transferred to another wallet
Im a fan of paypal only due to its usually really fast cashing out. Also the ability to buy and send crypto and recieve crypto from withdrawals with the ability to sell and put in your bank account. Very helpful and convenient. Not alot of crypto options but the main ones are there and easily used.
I personally use PayPal a lot I can transfer money to friends and family with no fee I don’t know of any casinos that accept PayPal as a deposit method but I use PayPal to buy and receive my crypto currency that what I use it mostly for to receive my winnings in crypto and then convert it to money very easy
I have many many many great things to say about PayPal, you can use it as instant bank transfer, plaid sign in, verification for most casinos, it has crypto with lower fees for transactions than most others, send/receive to or from anyone, plus so many other uses as far as receiving you can sign in some platforms with PayPal, overall it is one of the most convenient and generously many features as far as a payment method or well if you haven’t used PayPal seriously go try it they even have a sign up bonus most times
I wish I could find more online casinos that use PayPal as a deposit and withdrawal method. PayPal is a good payment method for most everything except Casino and online gambling. I think it is good that you can transfer money to your account very quickly if you want, without having to pay any major fees.
Unfortunately, PayPal is not available in Brazil for depositing at casinos. It would be a good option, but unfortunately, this has not yet been possible. For example, I use PayPal for almost everything, but there must be a specific reason for not accepting it for gambling.
Its very popular e wallet. I like to use it. 8ts very convenient and easy to use. But if give a glance on casinos mostly casinos dont offer this method. May be in future this method will be popular in casinos?
I do not use paypal very often because it is not so popular method in my country and I think there is easier ways to me make payments.
i prefer paypal is the easiest for me to deposit and withdrawal but the problem is not too many casinos have it as method
I have paypal account it is good for some players when withdrawing of winnings and payouts but in my region it is hard to get verified and also some of my friends have locked accounts in paypal their money Because of heavy payouts from winnings and for paid job oustside the county not that good for me. Will use another method not this one.. So many issues if you try to request payout need to verify prof of income when did the money came from… Not good at all.
I wish I could find more casinos that use PayPal as a deposit and withdrawal method. Tell you the truth I have not found one except mr.o I think has recently added this method. I’ll keep searching for more though I guess.
Having PayPal as a withdrawal and deposit method keeps me coming back to casinos. Its ease of use is the main reason I prefer this method. I truly appreciate when PayPal is available, as it makes both withdrawals and deposits seamless and hassle-free.
PayPal is a solid payment option, IF you can find enough platforms accepting it as a deposit method for your country. It’s super unfortunate that so few online casinos seem to accept it even after all this time. Hopefully, we’ll still see more casinos adopting it in the future, but it’s fairly mature in the market, soooo not holding my breath 😉
I like PayPal but have never seen it as a banking option in a casino. Be that as it may, it is a highly versatile and widely available wallet and comes with features like PayPal card and pay in 4. I use PayPal to transact online internationally because it is quicker than the banking system
Paypal is a decent way to deposit or withdraw from a casino. It’s quick and easy. The best thing about it is the convience of using this form of payment. I’m glad a lot of casinos are moving to putting it as a currency method. Only bad thing is , the reason I didn’t give it a 5 is it allows Paypal to be in your business about what you use your money for and in my opinion there in your business to much already. For example if they think your sending to much crypto they will put a stop to it.
PayPal is a good payment method for mostly everything except Casino and online gambling. It you want to deposit for activities such as online gambling, you should look into other deposit and withdrawal options.
Really, the truth is that it is not the best method to withdraw your winnings or deposit either because Paypal accounts usually have a limit and also if that were not enough, not many reliable casinos offer it as a payment method to use, in my opinion if you are looking for speed It’s perfect, the problem is that there are better and more functional methods for each one.
PayPal is a really good payment method it is so quick with transfers which I like but unfortunately cannot be used for gambling it is still good safe method of transferring your money really quick and hassle free.
I like using PayPal for a lot of things some casinos offer this as a payment option but PayPal does not support gambling and they will limit your account so I suggest you find other options for banking If you want to keep your PayPal account. I’ve learned the hard way!
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Throughout the years Paypal has become more and more useful! I don’t know how long since I had Paypal for but from the very beginning until now it’s been one of the best overall payment solutions including withdrawing funds from Coinbase and for shopping. As a deposit method for gambling sadly Paypal isn’t an option for us canadians but it seems to be great for players in the UK. One of the greatest methods out there that stood the test of time! Mega thumbs up!
Paypal is such a quick and easy banking option I absolutely think this is a great way to pay
are these couple of casinos that actually take PayPal deposits legit? I cannot believe that PayPal in this day and age would do business with online gambling providers, US-facing or not, so I am extremely iffy when deciding to trust any casino that happens to take PayPal as a deposit method. What do you guys think anyone actually played at these 2 casinos?
I am from China. I can shop in the world through paypal, but paypal is too rigorous. In terms of protecting the buyer, if it is gaming, it does have limited capabilities. As for the staff arrogance? Unfortunately, I don’t think so.
cant find a single south african accepting casino that accepts paypal , plural GRRRRR
Love it to pieces
Very hard to find casinos that accept Paypal deposits. Would be great if there were more casinos that accept it, there are few which I know like Paddypower and Williamhill but should be more! Withdraw from Paypal to bank account is quick, although it does not include weekends. I get the money same day if it’s processed before 12.00 so not much waiting.
I have been using Paypal for years now but i can’t use it for gambling i can’t find any casino that will accept Paypal deposits or withdrawals from the Philippines nevertheless i can still use Paypal in other ways like accepting payments and making payments to other individuals or groups not just for gambling.
I must admit, I love PAYPAL for so many reasons, Accept Online casinos. I can’t deposit nor withdraw from Paypal within the United States. Which I totally understand. I wish I could, I’d be able to play and deposit a lot more if I were able to deposit and withdraw with paypal. Damn laws. 😛
Very informative article about PayPal. I just read that PayPal will shortly stop serving Turkey due to regulatory restrictions.
What I don’t like about PayPal is that sometimes I have to wait for days to get the money that somebody sent to me. But other than that, they are very effective and secure when it comes to paying online. I don’t think I’ll ever use another payment method. This one works perfectly fine for me.
Don’t waste your time using Paypal! I’m very disappointed not just because of the slow service but also because of the rude employees of this company. My deposit was denied several times for no reason at all and I had to wait an entire week for Paypal to fix the problem.
A couple of days ago I had a little problem with my withdrawal and Paypal managed to fix it right away. I was really impressed by the excellent service of this company. The people I spoke with were very understanding and friendly, and they assured me that I won’t have such problem with my withdrawals in the future.