Updated: 6 Nov 2020

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eBay decided to spin-off PayPal into a separate company in 2014. From there it has developed into a true giant of the payments industry, strong enough to be a major competitor to the big banks and heavy-weight payments processors.

With over 200 million users, it is now an internet giant and it’s no surprise PayPal is also one of the most popular payments used at online casinos and bookmakers. A lot of players are looking for casinos who accept PayPal deposits.

Who Is PayPal?

PayPal is a huge American online payments company. eBay acquired them in 2002 and in 2015, they became a separately traded company.

They process billions in transaction amounts every year and have an established global presence plus an instantly recognisable brand.

Why Use PayPal for Online Casinos?

There are lots of reasons:

Signup for an account, add bank card information, upload funds and then you have a balance that can be moved to a wider range of online casinos and betting websites.

Online Gambling Payments With PayPal

They offer a few different services alongside the digital wallet including PayPal Access Card and PayPal.Me.

Digital Wallet

PayPal App

PayPal Access Card

PayPal.Me

Finding the Top-Rated PayPal Casinos

PayPal allows approved gambling merchants to use them in areas where gambling activities are legal.

PayPal doesn't exactly have its roots in the gambling industry, Skrill and NETELLER are digital wallets with a much deeper connection.

However, some of the top-rated online casinos do accept PayPal.

How Do I Sign up With PayPal?

It’s pretty quick and straightforward. It’s also free. You just need to supply your: Name, Email Address, Chosen Password, Physical Address, Bank or Credit/Debit Card Details and Date of Birth.

Verification will be necessary for specific services, which means you'll need to supply PayPal with: Proof of Identity (a scanned copy of your passport or driving licence) and Proof of Address.

Does PayPal Cost Anything?

Setting it up and making payments is free. The following services are charged:

  1. Currency Conversion | Paying in a currency different from that of your PayPal account will incur a conversion charge of between 0.4% and 7.4% of the transaction amount, depending on the currencies and whether the money comes from a bank account, debit or credit card.
  2. Transferring Money Abroad | A cross border fee of 0.3% and 7.4% of the total transaction is applied to money being sent abroad, depending on whether you fund the transfer with a bank account, credit or debit card, and where the money is sent.
  3. Receiving Payments | Money transfers are free if funded by PayPal balance, bank account or debit cards, but credit card transfers carry a 3.4% + 20p fee, and the sender chooses who pays.
  4. Seller Fees | If you're selling, whether via eBay, virtual store or real store, fees range from 1.4% + 20p to 5% + 5p per transaction.

Is PayPal a Safe Payment Option?

Largely yes. PayPal offers all users Buyer Protection, so if a purchased item fails to arrive, or doesn't match the seller's description, PayPal will reimburse you.

Transactions never involve sharing personal or banking details, reducing the risk of fraud; and PayPal encrypts and monitors every transaction, 24/7, to prevent against fraud and identity theft.

PayPal also has a dedicated Resolution Centre to deal with customer problems and payment disputes.

Contributors

Contributors

Hi, I'm Lena Sciberras

"Lena Sciberras is head of our Casino Content. With many years of experience covering online casino products and working with some of the biggest online software and payment providers in the casino industry Lena is ideally placed to ensure quality and accuracy across all of our casino content and consumer advice."

Interests
  • Casino Software
  • Online Slots
  • Casino Products

Reviewer since March 2020

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