PayPal Casinos

PayPal payment system

Type of Business	Public
Founded	December 1998; 21 years ago (as Confinity) November 1999; 20 years ago (as X.com)
Headquarters	2211 North First Street San Jose, California, U.S.
Area served	Almost worldwide
Industry	Financial services
Revenue	US$17.772 billion (2019)
Employees	~21,800 (Dec. 2018)
Users	305 million (2019)

Details about the PayPal payment system

You can deposit money into your PayPal account after logging in. Firstly, go to the wallet button. Then choose the option to either withdraw, this will take payment from your PayPal account, or deposit which will top up your account. Next, select the account from which you'd like to act. It needs to be a linked bank account. Lastly, confirm the amount and click continue.

Fees and Commissions

Most online casinos don’t charge a fee for deposits and withdrawals made using PayPal. PayPal itself doesn't charge a fee for the transactions. You'll only be charged a fee if currency conversion takes place.

Select online casinos charge a fee for using PayPal. Read the terms of use provided by the site to find out if it does do this.

Deposit and Withdrawal Times

The main reason for PayPal’s popularity is that it offers some of the quickest payout times on the market. The payout times range from instant to 24 hours. Using PayPal to withdraw allows you access to your winning faster than most other payment options. 

Deposits made with PayPal are also processed instantly. This means that you can start playing real money games with no delays. It’s easy to make deposits with PayPal. You just need to log into your PayPal account to verify the payment.

Support Work Quality

PayPal has several reasons for it to be one of the most secure online casino payment methods. Firstly, using

PayPal means that you don't have to enter your sensitive information into the online casino site. This protects your data from being stolen.

Secondly, PayPal has top-level security features to protect your information further. It is unlikely that your PayPal account will be compromised, but if it does happen, PayPal won't make you liable for any unauthorized purchases.

Mobile Version and Application

PayPal has a user-friendly app for its customers to use that they can download for free on Android and iOS devices. This compliments the mobile apps that some online casinos have. It means that you can fund your games and play on-the-go, anytime and anywhere all from the palm of your hand.

Advantages

• Using PayPal has its advantages. Firstly, PayPal is safe and protects customers sensitive information. When you use PayPal, you know that your information is encrypted according to some of the best standards in the industry.
• PayPal also has a user-friendly app that you can use. The app allows you to fund your gaming experience from anywhere and gives you transaction notifications.

Disadvantages

• PayPal has its benefits, but it is not perfect. The most severe drawback of PayPal is that it is not present at all casinos, only a few online casino websites offer PayPal as a payment option.
• The second disadvantage is the account registration. Using PayPal as a payment option requires users to create and manage another account, some players are put off by this fact, and as such, find it to be a disadvantage of PayPal.
• The last disadvantage is with the bank account verification. To create an account with PayPal, you need to link and verify your bank account. To verify your account, PayPal takes a small amount of money and sends you a four-digit verification code as a reference. The process takes anywhere from minutes to hours. It's not suitable for players who want to make an immediate deposit but don’t already have a PayPal account.

Conclusion

PayPal is a popular payment option due to its safety, user-friendliness and security it provides its customers. Unfortunately, it isn’t offered as a payment method by all online casinos, and its registration process could deter players from using it as a payment method.