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PayPal is the biggest, best known and most popular e-Wallet around. There are few people who’ve not heard of it and few who don’t have an account. If you’ve ever shopped at eBay, you’re likely to have one anyway. Selected online casinos work with PayPal and here you find out all about the company and why they don’t work with anyone. Read more
Back in 1999 PayPal was founded as a part of a company called Confinity. They were the subsidiary created to handle the company’s financial transaction requirements.
Famously acquired by Elon Musk in 2001, PayPal then merged with online banking company X.com. What followed was an unprecedented growth. Partly responsible is eBay’s choice to use PayPal as its ‘online banking option of choice’, which became a match made in heaven. PayPal grew so fast and vast that eBay bought the company in 2002 for an incredible $1.5 billion.
For many years both companies were practically synonymous, but eBay decided to allow PayPal to stand on its own and that has been the case ever since. That didn’t hurt either company and PayPal continues to be the number one monetary transfer system for merchants and private customers. They generate around $8 billion in revenue every year, all through transaction fees of various kinds.
Signing up for a PayPal account is just as easy as it is with similar e-Wallets: use your preferred email address, choose a password and then connect your PayPal account either with a credit card or bank account.
You can choose among 25 currencies when signing up for an account, which is quite convenient. Your PayPal account enables you to make financial transactions around the Internet. More than 7 million businesses around the world use PayPal, which means that you can use it to pay your purchases at a large majority of online stores.
Of course, a verification process is required before you can use your PayPal account to make transactions, but that’s a quick and painless affair and you can use your e-Wallet soon after signing up for free.
If PayPal is an option for deposits or withdrawals at your preferred online casino, you’ll be able to select it at the cashier when you want to arrange for a deposit. You’ll be choosing the amount you’ll want to deposit and your payment option and will then be redirected to PayPal’s login site.
There you enter your email and password and are asked to confirm your purchase/transaction. Once you’ve done that, you’ll be redirected to the casino’s website. Transfers are usually instantaneous, which means you can then go ahead and play with real money right away.
When requesting a withdrawal, you’ll also be able to choose PayPal and the amount you wish to withdraw. You’ll advise the casino of the email address connected to your PayPal account so that they can issue the transaction and then you simply have to wait for the casino to process your request, which may take between 1 and 3 days on average. Once the casino processed your withdrawal, your money will arrive very quickly indeed.
Specific PayPal bonuses are rare. You may find them at some online casinos offering PayPal as a payment option, but only here and there. On the other hand, PayPal deposits are not usually excluded from bonuses either, so you can use it from your first deposit, enjoy the welcome bonus and keep going.
Regardless of the availability of bonuses or promotions, however, there are plenty of benefits for using PayPal:
Whilst PayPal is very widely available as a payment option, the company doesn’t just work with anyone. Especially when it comes to online casinos, PayPal is very picky. The reason for this is that they want to ensure the legality of the transactions taking place. That means PayPal will only work with online casinos that can prove that they only accept payments where gambling is regulated and that they are able to block payments from players of jurisdictions that don’t allow gambling.
If an online casino offers PayPal as a payment method, you can expect that it has been thoroughly vetted by PayPal, which actually serves as yet another proof of the reliability of an online casino.
Consequently there aren’t an awful lot of online casinos offering PayPal, but quite a few of our preferred online casinos do. For many that is another mark of trust and a deciding factor whether or not to sign up for an online casino.
Below casinos do offer PayPal as a payment option and our reviews will tell you what else the casinos have to offer.
Let us know, if you have any questions or suggestions.