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Online Casinos that accept PayPal – Top PayPal Casinos
Casinos accepting PayPal are becoming more popular by the day, and it is for a good reason. PayPal has become one of the best online payment systems that protect the buyer and effect payments fast. It is therefore natural that you would want to use it when funding your funding your betting account.
Nevertheless, are there any pitfalls that you should be worried about when it comes to online casinos? Well, read on to find out more.
What is PayPal?
PayPal Holdings Inc is a company that supports online payments and allows electronic payments to be made as an alternative to using paper money or money orders. Today, many auction sites, online vendors, online casinos, and other commercial operators use PayPal as a payment processor.
It charges a small fee, which can be fixed amount or a percentage of the money transferred to support its operations and turn a profit.
In exchange, users PayPal offers user-accounts that are password protected, where they can store funds temporarily, and have an ability to make one-click payments. Users are also able to automate payments when paying for a subscription.
PayPal has its headquarters in the USA, and Ken Howery, Luke Nosek, Max Levchin and Peter Theil established it in 1998 as Confinity Inc. At that time, it was just a security software company developing security solutions for handheld devices. In 1999, John Malloy from BlueRun Ventures funded Confinity to help it launch PayPal as a money transfer service.
The following year in March 2002, Confinity merged with Elon Musk’s X.com, an online baking company. Finally in October 2002, Musk decided to terminate X.com’s other banking operations and focus on making PayPal a leading online payment system. His vision was to have PayPal replace the need to use paper money.
Its Initial Public Offering happened in 2002, after which it became a subsidiary of eBay later 2002. EBay announced in 2014 that it was making PayPal an independent company, a process that it completed on July 2015.
How to use PayPal to fund your casino account
If this is your first time to use PayPal, you may find that the process may not be so straightforward. The first step you will need to take is to register for a PayPal account. You will then need to deposit funds into your PayPal account or connect it with your credit card or bank account. That is all you need to do to start using your PayPal account with online casinos.
To make a deposit into the casinos accepting PayPal, just select PayPal as your funding method, and click pay or any other funding action provided. You will then be taken to your PayPal login page. Enter your PayPal email and password.
Once you are logged in, just conform that you want to pay and the funds will be deducted from your PayPal account and be deposited into your chosen best PayPal casinos account. You will then be able to gamble without any issues.
5 Reasons why Online Casinos accept PayPal as a Payment Processor
Security and Fairness
When it comes to processing online payments, security is a big issue and the casinos want to make sure they are not risking their financial future. PayPal offers them peace of mind by making sure that only verified users are able to use its platform.
As we have discussed above, PayPal needs to establish your identity by connecting to your credit card or bank account. That ensures that what information you provide, they can easily verify it using third party databases. The verification process is a onetime event, except for those who wish to update their profile or change funding methods.
Refunds In Case of Fraud
However, it is not just the casinos that benefit from its strict mode of doing business. Gamblers also benefit because they can dispute a transaction within 60 days if they feel the casino unfairly deducted their funds. There is procedure for that, but overall, may users will agree that PayPal is among the safest way to make payments online. Just having that peace of mind, that if the casino does not deliver its service to you, you can get your money back means a lot.
PayPal has an option for users to download its app, which they can use to make payments from their smartphones. The app increases security for the sending of money online, shopping online, and when funding your gambling account held at your favorite PayPal casino. Moreover, the app allows you to make money transfers to friends within the U.S.
When funding your casino account using your credit card, the payment may fail to go through. It could be you did not enter your address correctly or you exceeded the limits set by the receiving casino when using a credit card. PayPal takes that pain away by letting you quickly fund the account you opened with the casino. That saves you time and allows you to spend your money without feeling a payment processor is punishing you to spend it.
You will be able to receive a bonus if you pay with your PayPal account. Not every casino will give you a bonus, but many will do it to encourage you to use it. The goal is to allow you to see its benefits as a secure payment processing service that benefits both parties.
Restricted countries to use PayPal at the Casino
It is ironic that although PayPal is based in the U.S., you cannot use PayPal to fund your account. However, it is worth noting that PayPal is not the only payment processor facing problems when it comes to online gambling in the United States. Therefore, what you will need to do as US citizen is use other options, such as Bitcoin accepted casinos, to access services of online casinos.
In the year 2011, India’s Reserve Bank passed a regulation that restricted the use of PayPal services, whereby only Indian PayPal accounts can send and receive money within India. That means that many users will not be able to access gambling sites outside of India to bet.
Egypt is one of the few countries where online payments are highly restricted. Therefore, you cannot use PayPal while in Egypt. If you try to log into your account from Egypt, your account will be closed instantly. To regain access, you must travel out of Egypt, call PayPal’s customer care to verify that you are not a resident of Egypt anymore, and only then can they reopen your account.
Casinos accepting PayPal geared towards UK
At the time of writing, it also seems that most of North America is restricted from using PayPal. This includes Canada, even if the casino accepts PayPal from other jurisdictions, such as the UK. For Canadian players, only Jackpot City Casino accepts PayPal as a deposit option. Then again, Jackpot City is restricted to both US and UK players.
This is in contrast to the fact that even though the majority of our reviewed UK online casinos also take on Canadian players, they all accept PayPal from the UK players. That being said, Canadian players have the benefit of Instadebit as a banking option. This is pretty much the Canadian equivalent of PayPal where you can fund your account through your credit card or bank account.
Should I use PayPal to fund my Casino account?
If available in your country, PayPal is one of the most secure payment systems that you may use to pay for any service online. While you cannot use PayPal in some countries, we hope that sooner or later the U.S will join countries that do not restrict its use as a payment option when accessing casinos accepting PayPal.
Overall, if you are able to fund your account with PayPal, then you should not hesitate to do it. It is among the safest and secure way to receive, send, and pay for goods and services online; and that includes the top online casinos.