The digital child of original parent companies Confinity and X.com, Paypal became a publicly traded company in 2002. While using the payment service to checkout at your local apparel store or restaurant website is common, online gambling with Paypal is a little more complicated.
In our guide to online gambling with Paypal, we’ll cover:
Like anything else, depositing at a casino site using Paypal has its pros and its cons.
If you’re a U.S.-based player, it may be a challenge to find a casino site that accepts Paypal deposits and/or processes Paypal withdrawals. If you live outside of the U.S., it’ll be much easier to find gaming options that accept Paypal or be sure to check out our casino reviews to find additional options. Once you’ve chosen a casino, register your account for FREE.
Account registration should take no longer than five minutes. After you’ve verified your account, it’s time to visit the casino’s deposit page. The deposit page is sometimes referred to as the cashier and can be located within the main dropdown menu or navigation bar at the top of the screen. Once you reach the deposit methods homepage, select Paypal as your chosen method.
You likely have three deposit options. The most common is to pull funds directly out of your Paypal balance and transfer them to your online casino. The next option would use Paypal as an intermediary to pull funds from your financial institution / bank and transfer them in a few business days. The more recent option is to sync your credit card to your Paypal account as a payment option. When dealing with casinos, a credit card may get blocked, which is why the previous two deposit options should be tried first.
When depositing funds into an online casino with Paypal some sites will “bill” Paypal from a parent company rather than via the exact name of the casino site. In other words, you may deposit $500 into Casino X, but when you look at Paypal activity, the deposit may be listed under Casino X Parent Company. So, when looking at a transaction activity log, keep this in mind.
Another thing to note about making a deposit at an online casine with Paypal, is when you deposit and click on the Paypal icon, a new window may open up and require you to provide your username and password, but this is great for security because you’re only providing Paypal the information, and not the casino. Enter this login information, your deposit amount and your funds will hit your account as soon as the payment is processed, typically within a few moments.
It’s not uncommon for online casinos to offer fewer withdrawal options compared to their deposit methods. So, don’t panic if Paypal is not one of the site’s available selections. To reiterate, we recommend using Bitcoin for deposits and withdrawals because it can take as little as 15 minutes to hit your account once your request is processed.
Here are the typical steps you can expect to encounter when withdrawing from a casino site using Paypal:
OK, you’re up a couple thousand dollars and are ready to cash out some of those winnings. First, make your way to the casino withdrawal page or cashier as it’s often referred. Choose the amount you want to withdrawal and select Paypal as your option.
The casino will need to confirm your identity before processing this request. In some cases, casinos require a four-digit authentication pin code to process withdrawals. You provide this during account registration. The more common practice is asking for some indentification like an electric bill and/or your personal ID.
How long it will take for the casino to process your request varies from site to site, but typically within 48 hours. Funds would then be transferred a few more business days after that as the money clears. If you ever run into any issues during this process, be sure to reach out to the site’s customer support team for assistance.
As we’ve noted, when you can find a Paypal-eligible casino, you should jump at the chance to take advantage of the deposit option. Paypal is well-known for being an industry leader in efforts to provide secure online payment options.
The casino sites we recommend are reviewed for safety and security and have all been verified to check those boxes. They use state-of-the-art SSL encryption methods to keep your personal and financial information hidden from would-be hackers. To confirm your casino is SSL encrypted, be sure to find the little padlock icon near your address bar.
Even if your deposit attempt is declined, do not worry about lost funds or legal consequences. You’re fine.
If you’ve decided that Paypal isn’t for you, or you don’t have a Paypal account, here are some of our other favorite deposit methods: