Best Paypal Casinos 2022
The sheer number of payment options available to casino players is one of the biggest reasons for the increased popularity of online casinos and in PayPal, customers have one of the most reliable payment platforms on the internet. On this page, you will get the latest about PayPal casinos in 2022 . See a list of the available casinos that uses Paypal in the table below:
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Unlike in the past when punters had to actually be in a bank to make betting transactions, online casinos have made this method of betting obsolete and PayPal has made it possible to conduct all your business from the comfort of your couch.
In this guide, you’ll be shown how to navigate the PayPal casinos available in 2022 and by the end of the page, you will be able to make PayPal-related casino transactions with ease.
Background of Paypal
Initially a security software company, PayPal first entered the online payment market in 1999 and in 2002, they were bought by eBay. This move propelled them to the top of the online payment market as due to eBay users, they soon became synonymous with making online payments. Buoyed by loyal customers who enjoyed the security provided by PayPal, the company continued to grow and expand until they finally became independent in 2015.
PayPal is one of the best payment methods for funding your casino payments in 2022 and as one of the oldest and most established platforms, they offer unparalleled coverage with their services available in 202 countries. They also allow users to receive money in over 100 different currencies and to withdraw funds in over 50 different currencies.
With the security worries over connecting an online service to your bank account, PayPal acts as a buffer, enabling you to easily transfer funds using your PC or mobile device using only your email address.
Why You Should Choose Paypal casinos
PayPal is known as one of the most secure platforms to make online payments with and that reputation is well-earned. They monitor every transaction around the clock and ensure the security of each transaction is protected by the latest encryption technology available. As you’re sharing only your email address and not your financial details, your bank account is insulated from the casino and any potential leaks, giving you less to worry about. This insulation also helps you protect your identity if you’d like to gamble anonymously.
Their attention to detail also extends to the speed of their service; the speed and reliability allows you to move your funds quickly and securely. Additionally, they allow you to make deposits and withdrawals at online casinos, an option many other payment platforms don’t offer. Using casino PayPal also entitles you to freebies such as welcome bonuses.
How It Works
Connecting your PayPal to your casino account is surprisingly easy; all you need is the email address you opened the PayPal account with and you’re good to go. If you don’t already have a PayPal account, you can set one up by visiting the PayPal website and creating an account. After opening the account, you can then proceed to link the new account to your debit/credit card or to your bank account directly after being prompted.
Deposits and Withdrawals with a Paypal Casino in 2022
Making deposits with PayPal: Depositing funds into your casino account from your PayPal is very quick and easy as you only need to visit the “cashier” page of your casino account, select PayPal and the amount you’d like to deposit and send the request. You’ll be directed to a pop-up window where you’ll be prompted to log into your account to access the funds there. After doing this, the requested funds will be transferred to your casino account almost instantaneously and you can begin to place your bets.
Making withdrawals with PayPal: This works just like making deposits, but in reverse. After logging into your casino account, select “PayPal” as a withdrawal method and enter the sum you’d like to withdraw from your winnings. Again, a pop-up window will open on your screen so you can log in and after confirming the amount, you close the page and in 1-3 business days, your PayPal account will be credited with the requested funds.
It is important to note that using PayPal is favored by punters as bank transfers can take up to, and sometimes more a week before the funds are deposited into your account.
Pros and Cons of Paypal Casinos in 2022
As one of the oldest players in the payment industry, PayPal offers some advantages to casino players such as:
Speed: the speed with which deposits and withdrawals are carried out makes using PayPal a breeze as the instantaneous deposits and quick withdrawals make transactions more convenient for the user.
Anonymity: for punters that want to play casino games anonymously, PayPal allows you to make deposits and withdraw winnings anonymously as payments are processed through PayPal and the casino you’re playing games on cannot access your bank information. This means that your gambling records will not appear on your bank statement(s).
Security: Cybercrime is always a big worry for frequent internet users as the wrong site visited can put your personal and financial information at risk. Customer security is prioritized above all else with PayPal as they take great care to display no personal/financial information on gambling sites and use SSL encryption to keep customer data safe. They also have teams who are on the job around the clock to pre-empt hackers and fraudsters.
Convenience: unlike many leading websites, PayPal has a straightforward interface, making it easy to navigate the site.
Choice: The sheer number of countries PayPal is available in and the amount of currencies you can choose from makes paying and withdrawing funds in your local currency easier. Currency conversion is also done automatically.
Even a company like PayPal has some drawbacks, though. Some of them are:
Availability: Despite the wide reach PayPal has, they’re not available in some countries such as America where their strict gambling laws make it hard for USA-based punters to use the medium. Also, not all online casino sites accept PayPal.
Restrictions: until the credit/debit card or bank account your PayPal is linked to is verified, you will be limited to making a maximum withdrawal of $500 every month. This is a problem because many other e-banking mediums do not require you to sign up and verify your details before being able to freely withdraw money without limitations.
Fees and Limit
PayPal will charge a token amount when you transfer funds from your e-wallet to the bank account/debit card connected to your PayPal. You may also be charged extra if the online casino is based in a different country from where you are at the time. The amount charged varies depending on the country and the currencies you’re working with.
Furthermore, the minimum single deposit limit is $50 which means you can’t deposit any amount less while the maximum single deposit is $5000. For withdrawals, you are only allowed a maximum of $500 per month and you can exceed that only if you verify your account.
Paypal FAQ 2022
It’s pretty straightforward; visit the site at www.paypal com and register by providing the information needed. After that, you’ll receive a prompt to link the PayPal account with your bank account or credit/debit card. Verifying your account this way will raise your future withdrawal limit.
You simply click the “cashier” link and select PayPal as your preferred deposit method and input the amount you’d like to deposit. A page will pop up where you can authorize the transaction by logging in with your e-mail address and password and after that, the transaction will be approved and the funds added to your casino balance.
You can payout your casino wins by following the same steps above and your funds will be processed in less than a day. PayPal withdrawals are very quick, but the payout process varies depending on the casino game you’re signed up with.
This is usually determined by the casino(s) who determine the minimum/maximum amount you can deposit or withdraw. PayPal will also impose certain daily/transaction limits.
Yes, they do. Making deposits is free, but withdrawals will incur a fee. Currency conversion fees can be steep too, sometimes as high as 5%.
Yes, they are. PayPal has a banking license to operate in some European countries and their security is predictably tight. They monitor all transactions with a special anti-fraud/anti-hacking team and use advanced encryption software to safeguard every transaction. If they encounter any suspicious activity on your account, they will limit all access to the account until you can prove that you have full control of your account.
PayPal sometimes gives refunds but in this case, that is entirely down to the online casino who will only give refunds if you’ve qualified for one.
Yes, in 2022 it is. If you’re playing casino games on the go, you can access your PayPal account to deposit/withdraw funds as well.
