PayPal rose to prominence thanks to its close ties with eBay, and now it's one of the world's largest Internet payment companies, with over 218 million users worldwide signed up. With a user-base that astronomical, it's no surprise PayPal is also one of the most popular payment options used at online casinos and bookmakers. With so many players looking for casinos to deposit via PayPal, we've put together this complete guide to online gambling with PayPal!
The US-based online payments system originated in 1998 as Confinity before some behind-the-scene shake ups resulted in a rebrand as PayPal in 2001. The company then went public in 2002 only to be acquired by close partner - and largest adopter of PayPal - eBay for $1.5 billion later that year. In 2015, eBay announced PayPal would be spun-off into a separately traded company.
By 2014, PayPal was moving well over $200 billion annually in over 30 different countries. PayPal's established brand presence, extensive security measures and overall accessibility has turned this once eBay feature into one of the most prominent eWallets to ever hit the web. There are few online casinos and bookmakers anywhere in the world that do not accept deposits via PayPal.
Privacy seems to be the main draw to PayPal as a primary depositing and withdrawing option at online casinos. When using PayPal, players' personal bank account and card information is never transmitted across the web or even to the casino site itself. Thanks to the PayPal account all users sign up for, personal banking information is never passed along to a third party.
On top of the added security and safety of PayPal, online casino goers love the speed of PayPal depositing. A player who chooses to deposit via a PayPal account will instantly see their funds added to their casino account; no need to wait for processing or anything time consuming like that. Players are instantly given access to their deposit so they can start playing right away.
The advantages to PayPal as a whole are generally whittled down to two main features: security and speed. But PayPal is conprised of a few different services including the PayPal Access Card and PayPal.Me to name a few. These more unique services of PayPal carry their own advantages, which are laid out below:
|Unite credit cards, debit cards and bank accounts in a single, online space.||Send and receive payments using a mobile number and PIN.||A physical MasterCard debit card linked to the PayPal e-wallet.|
|Pay online with just your username and password.||Pay in-store at selected outlets.||Withdraw PayPal funds from ATMs.|
|Receive payments from individuals and businesses, which can be used to make purchases or transferred to your cards/bank accounts.||Full access to account from mobile device.||Touch payment with PayPass.|
|Other Services||Business Solutions||PayPal.me|
|One Touch, allowing you to stay logged in.||Return shipping with PayPal.||Peer-to-peer payment available.|
|PayPal Credit, giving you 6 months to pay for purchases of $99 or more.||Receive payments in-store or via online stores.||Permits players to send a request for funds via text, email, or other platforms.|
|Continuous login allows for faster payments.||PayPal Here card reader accepts card payments anywhere.||Launched in 18+ countries.|
eBay is directly linked to PayPal, but thousands of shops, both online and on the high street also accept PayPal. A full list is available on the PayPal website. The PayPal Access Mastercard is accepted everywhere that accepts MasterCard. Obviously a great place to start is the above list of recommended PayPal casino sites, as well.
The online sign-up form is free, quick and easy, you'll 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 certain services, which means you may need to supply PayPal with: Proof of Identity and Proof of Address. If you prefer to get a PayPal Access Card you can easily apply for one online as well. In order to comply with the USA Patriot Act, you will be asked to enter your name, address, date of birth and your government ID number.
Owning an online account, including the e-wallet and PayPal app, and making payments is free. However, some services are charged. Paying in a currency different from that of your PayPal account will incur a conversion charge. For every country a fixed fee applies, plus a certain percentage of the transaction depending on how the account is funded. A cross border fee of 0.3% and 3.9% of the total transaction is applied to money being sent abroad.
This does depend, though, on whether you fund the transfer with a bank account, credit or debit card, and where the money is sent. Money transfers are free if funded by PayPal balance, bank account or debit cards, but credit card transfers carry a 2.9% + $0.30 fee, and the sender chooses who pays. If you're selling, whether via eBay, virtual store or real store, fees range from 2.2% + 30p to 4.4% per transaction.
PayPal offer 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 have a dedicated Resolution Centre to deal with customer problems and payment disputes.
Get free bonuses, bets, tips and strategy, every week, in your inbox 9500+ punters trust us with their email
DISCLAIMER: Online Wagering is illegal in some Jurisdictions.
It is your responsibility to check your local regulations before
playing online. GDC Trading Ltd takes no responsibility for your
© 2011-2018 GDC Trading Limited. All Rights Reserved. Gambling.com is a registered trademark of GDC Trading Limited.