Paypal casinos, quite simply, are UK casino sites that accept Paypal as a payment method. Before you can play real money games at an online casino, you need to fund your account. Most new casino sites accept debit and credit cards, prepaid cards like Paysafecard, and eWallets such as Neteller and Skrill. However, only a few allow you to deposit with Paypal, despite it being the most popular eWallet in the world.
Find out which UK casino sites accept Paypal, how to deposit using Paypal and how to withdraw casino prizes to your Paypal account in this article. You can also discover more about this versatile casino payment method and find out why Paypal casinos are so popular
What is Paypal?
Paypal is an eWallet that allows you to instantly transfer funds from your Paypal balance or your bank account to a recipient. It is hugely popular, mainly due to its partnership with online auction site, eBay. If you have ever bought or sold on eBay, you are likely to have used Paypal.
173 million people across the world use Paypal on a regular basis, shopping and playing on millions of websites. It is this reach that explains why people love to play at Paypal casinos, but also makes you wonder why more gaming sites don’t allow it.
How to Use Paypal
You can fund your Paypal account and then pay for items using that balance. This means that you don’t have to give the recipient site your full bank details. In addition, if you were ever hacked or someone gained access to your account, they could only spend what you had put in there. They couldn’t clean your bank account out, so it limits your liability.
You can also use it as a way of transferring funds from your bank account without having to pay bank transfer or card payment fees. It also credits immediately, unlike bank transfers and card payments.
Paypal is a great way to receive money, such as online casino winnings, without having to reveal your banking information. The money collects in your Paypal account and you can either use that to fund future purchases and casino play, or you can withdraw it to your bank.
These are the top performing Paypal casinos in SpinCazino’s reviews. Each of them accepts Paypal as a deposit and withdrawal method.
Why is Paypal a Popular Casino Payment Method?
Paypal is popular with players because most of them already own a Paypal account. Of all the eWallets on the market, Paypal is the most popular, owning around three quarters of the market. Why sign up to multiple eWallets if you already work with the market leader?
Creating a new account at a different provider is just another login to remember and another app to download, just to do what your current eWallet already does.
Another key point is security. Paypal is a massive and well trusted brand. It won’t suddenly go bust and take your money with it. You know that it is secure. This is a very important aspect when it comes to choosing which method to trust with your cash.
Why Do so Few UK Casino Sites Accept Paypal?
The reason there are so few Paypal casinos is directly linked to its attitude towards complete security. Paypal only allows its platform to be used for online casinos if they hold a specific licence within the country in which the player is based.
All UK casino sites must hold a UK Gambling Commission licence to offer games to UK players. Even if they are based in Malta, Gibraltar, Alderney or anywhere else, if UK players can play, they need a UK licence. However, most other countries allow casinos to operate with licences from other countries.
This means that, if a new casino site wants to offer Paypal as a payment option, they must apply for multiple licences. This can cost a lot of money, so many do not bother. The fact that an online casino accepts Paypal shows that they have invested and lot of time, effort and money into providing a service that demonstrates excellent levels of fairness and player protection.
Benefits of Paypal Casinos
The benefits of Paypal casinos are plain to see:
- Convenient – Paypal is a well used platform.
- Secure – The site must hold numerous licences.
- Easy – Payments and withdrawals appear instantly after verification.
How to Deposit at a Paypal Casino
If you do not have a Paypal account already, you need to set one up. All you need is an email address. Once you have the account, you can fund it with a set amount of money, or link it to your bank account or credit card.
When you visit a new casino site, sign up and then head to the deposits section. If it’s a Paypal casino, select that option and input the amount you would like to deposit. You will be directed to sign in to Paypal, which will then ‘talk’ with the casino site, confirm your payment and send you back to the casino.
It’s worth noting that you might even earn a deposit method bonus for signing up with Paypal. You should check with the casino for details. In addition, a small number of casinos charge for using this method. Once again, have a look through the terms and conditions for information.
Once the funds are in your player account, you can head to the online slots, table games and more.
How to Withdraw from Paypal Casinos
Most UK casino sites require you to withdraw prizes to the same platform you used to deposit. Simply head to the withdrawal section, input the amount you want to take from your player account and select Paypal as the method.
Some casinos verify withdrawals immediately, others can take a few days. Whatever happens, as soon as the site confirms your withdrawal, it turns up in your Paypal account. This is in contrast to credit or debit card transactions, which can take up to five business days after verification.