What is Paypal?
PayPal is an international financial services provider that facilitates money transfers to both individuals and online and physical businesses. It is an electronic wallet that allows you to add funds through one or multiple bank accounts or credit cards, which can then be used for purchases and payments, such as in online casinos with PayPal. The company has been operating since 1998 and is headquartered in California, United States.
One of the reasons why PayPal is one of the most widely used electronic wallets in the world is because of its security. Its online payment system is governed by very high security standards, and at the same time it keeps your account or credit card data secure, as you will not have to disclose them on the online casino or any other website where you want to make a payment or money transfer. In PayPal, your personal and banking data are safe.
Another reason to choose an online casino with PayPal is that this payment method is very easy to use, you just need your email and you're good to go. In India, it is one of the most widely used electronic payment methods.
How to create a PayPal account?
Opening a PayPal account is really simple, fast, and free.
Step 1. Go to the main PayPal page and click on "Sign Up".
Step 2. Select the type of account. If you are an individual, choose the personal account option.
Step 3. Choose your preferences, how you will use your account, and your gender.
Step 4. Enter your phone number and then enter the code that will be sent to your cell phone.
Step 5. Fill in your personal and address details (name, surname, phone number, address, postal code, email address...). Lastly, create a secure password for your account. Verify your account by adding a bank account or credit card.
With these steps, your PayPal account will be ready to use. However, in order to top up your PayPal account, it is necessary to link a payment method, which can be a bank account or a credit card. This payment method must be in the same currency as the PayPal account, and you can add multiple cards or accounts as long as they are owned by you. PayPal accepts major international card brands.
- Visa
- Mastercard
- American Express
Once your PayPal account is verified with a bank payment method, you will be able to use your balance to deposit funds into your casino account.
How to deposit money using PayPal?
Time required: 5 minutes
One of the advantages that PayPal has when making deposits in an online casino is the speed with which the process is carried out and the funds are credited immediately. Before making a deposit in an online casino with PayPal, we recommend that you verify your account with identification documents and following the rules established by the casino. This way you will avoid inconveniences when withdrawing.
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Go to the casino cashier and select PayPal:
Log in to your online casino account and click on the Deposit button. Select PayPal as your payment method and enter your email address. Once you have chosen this method, it will be saved for future deposits.
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Specify the amount you want to deposit:
Take into account the minimum and maximum deposit amounts of the casino and write the amount you want to deposit. The best thing is that if you have your credit card associated with your PayPal account, you will be able to make your deposit on credit, that is, without the need to have a positive balance in your wallet. Now, if the product associated with your wallet is a bank account (debit card), it is necessary for you to have a positive balance to make your deposit.
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Enter your promotion code/coupon/bonus:
Many licensed online casinos offer welcome bonuses to reward new registrations. If this is the case with your chosen casino, it is time to accept the bonus using the promotional code provided. We remind you to carefully read the terms and conditions before accepting any promotion.
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Use the deposited money to play your favorite games!
The deposited funds will be reflected in your casino account immediately, so you can start playing your favorite games immediately.
Deposit method:
| Type: | Deadline: |
| ✅ Visa | Instantaneous |
| ✅ Mastercard | Instantaneous |
| ✅ Crypto/Bitcoin | Up to 15 minutes |
| ✅ PayPal | Up to 15 minutes |
| ✅ Skrill | Instantaneous |
| ✅ Neteller | Instantaneous |
| ✅ Paysafecard | Instantaneous |
How to withdraw money from a casino with PayPal?
To make withdrawals with PayPal, the steps are as simple as when depositing.
- If you haven't already, verify your identity in the casino account before requesting a withdrawal. Then go to the cashier and click on Withdraw.
- Choose the amount you want to withdraw.
- Take into account the processing times. Generally, PayPal withdrawals are processed on the same day, but it can take up to 3 business days.
- Enjoy your earnings converted into PayPal balance.
Payment method:
| Type: | Deadline: |
| ✅ Visa | 3-4 business days |
| ✅ Mastercard | 3-4 business days |
| ✅ Bitcoin | 1-3 business days |
| ✅ Bank transfer | Up to 5 business days |
| ✅ PayPal | 1-3 business days |
| ✅ Skrill | 1-3 business days |
| ✅ Neteller | 1-3 business days |
| ✅ Paysafecard | 1-3 business days |
| ✅ Trustly | 1-3 business days |
Are there fees for using PayPal at online casinos?
Depending on the country, PayPal charges fees for sending or receiving funds from the account. In the case of India, the following conditions apply:
- Purchase or commercial payment transactions are free of charge, unless a currency conversion is indicated.
- Online or in-store payments do not have a commission fee.
- Depending on the currency pair, the currency exchange commission is between 3.50% and 4% above the base exchange rate, plus VAT.
- Withdrawals to the bank account do not have a commission fee.
What are the best alternatives to PayPal casinos?
One of the most notable advantages of online casinos that accept PayPal is that they are quite secure, due to the company's strict policies. However, one of the disadvantages is that relatively few casinos offer this payment method, at least in comparison to others like Neteller, Skrill, or even Bitcoin.
Therefore, we consider it important that you know what the best alternatives to PayPal are when making your deposits at online casinos.
- Visa/Mastercard bank cards: Although it requires you to use your banking information directly on the website, cards are still the most commonly used payment method by customers.
- Neteller: After bank cards and transfers, this electronic wallet is one of the most popular options you will find among the payment methods of an online casino.
- Bitcoin: Currently, casinos are joining the companies that accept cryptocurrency transactions such as Bitcoin, Ethereum, or Litecoin. These are highly volatile assets that require the user to have knowledge about their behavior in the market. They are an excellent option for those who want to invest their casino winnings directly.
- Paysafecard: It is a prepaid card that, like PayPal, serves the purpose of protecting your banking information. With this card, you can load balance and then use it to deposit at your preferred online casino. This way, you don't have to directly provide your card details to the casino.
- OXXO: Cash deposits are common in legal casinos in India, so you will find several with the logo of this important chain of stores among their payment methods.
Summary
In conclusion, PayPal is becoming one of the most popular virtual wallets among millions of users around the world. Its simplicity and security make it one of the first options to consider after bank cards. It keeps your data protected, as you won't have to use it on the casino website, only your email.
Deposits with PayPal are credited immediately to your funds in the casino, and withdrawals are also usually immediate, or take a few minutes. Only in case of any problem with your identification, withdrawals may take a little longer. That is why we remind you to properly verify your casino account so that all transactions are smooth and within the corresponding deadlines.
It should be noted that, due to PayPal's strict security policies, not many casinos offer this payment method among their options. However, at the same time, this becomes a seal of trust, as PayPal online casinos are usually very secure. In the case of the options we present to you, each of these casinos has been carefully researched and evaluated by our experts, so you can open your account with confidence.