PayPal Online Casino Deposits
PayPal is one of the most widely recognized e-commerce brands in the world, which shouldn’t be all that surprising since the service is pretty much synonymous with eBay for countless internet users. Consequently, many people who begin their online gambling adventure these days already have a PayPal account.
However, the fact that PayPal is based in California prevents the company from adapting a gambling-friendly policy and grabbing a significant part of the real money gaming payment processing market. All things considered, even PayPal customers may be unaware that their e-wallet allows them to deposit to some of the best European gambling sites, which range from casinos to poker rooms and bingo services to online bookmakers.
As you’d expect from one of the largest e-wallet companies, PayPal transactions are 100% safe, intuitive, and ridiculously fast – and if that wasn’t enough, the company offers unprecedented protection against fraud, which means that you won’t have to worry about the possibility of fraud or even a hacking attempt.
As briefly touched on above, PayPal is very picky when it comes to teaming up with gambling companies, which means that all the PayPal friendly gambling sites have to adhere to the highest standards in terms of security, transparency, quality, traffic, and customer support.
Making a PayPal Deposit
Depositing via PayPal is very similar to purchasing something from an online shop using your e-wallet. All you need to do is register with a PayPal-friendly gambling site, open the cashier menu, set PayPal as your preferred banking method, and enter the amount of cash that you’d like to send.
One mouse click and a few seconds later, the money should be credited to your gambling account, allowing you to dive right into real money action pretty much as soon as you spot a noteworthy PayPal-friendly casino or poker site. Quite obviously, if you don’t have a PayPal account yet, you shouldn’t really worry, as setting everything up is also very intuitive – all you need is a valid e-mail address and a bank account or a credit card.
Much like in the case of Neteller or Skrill, PayPal fees are so low that many people consider them to be completely negligible. In addition, a few gambling sites sometimes offer special deposit bonuses that are available exclusively for PayPal users, allowing people who deposit via PayPal to grab some free cash.
The only flaw of the site is the lack of a dedicated prepaid card that would allow you to withdraw your winnings directly from your PayPal account using an ATM – if you want to spend the money you’ve won on anything other than online shopping, you’ll have to transfer the cash to your bank first.
PayPal Payments in the United States
E-wallet companies are unable to cooperate with the US-facing gambling sites, as the Unlawful Internet Gambling Enforcement Act of 2006 makes it illegal for them to process gambling-related transactions. Quite obviously, PayPal is no exception to this rule.
If anything, the company shares the sentiments of the US establishment in this regard, as it refuses to have anything to do with companies that offer real money gambling products to American customers without a proper license. Please note that skill game services that cater to US-based players are treated differently, as the US regulations don’t consider them to be a form of gambling.
Consequently, many high-profile skill game and fantasy sports sites support both PayPal deposits and cash outs. Finally, please note that while Nevada, New Jersey, and Delaware have already launched their own regulated intrastate gambling markets, PayPal is extremely reluctant to cooperate with the sites operating in this niche, as the company considers participating in this developing industry to be rather dangerous.
Best Online Casinos That Accept PayPal
All things considered, while relying exclusively on PayPal deposits doesn’t give you access to all that many Europe-facing and global sites, there’s simply no disputing the fact that all the gambling operations that cooperate with PayPal are absolutely top notch. Consequently, as long as you don’t mind being limited to high-profile sites like Ladbrokes or Bet365, PayPal is going to provide you with everything that you’d expect from an online gambling payment processor: lightning-fast transactions, perfect reliability, and total customer safety.
However, if you’re considering setting up an e-wallet account specifically to cover your online gambling expenses, picking PayPal over more gambling-friendly e-commerce services like Neteller a Skrill would probably be a mistake due to the fact that all the sites that support PayPal banking also support its competitors.
Furthermore, unlike PayPal, both Neteller and Skrill allow you to withdraw your e-wallet funds using an ATM, which helps in keeping your gambling funds separate from your primary bank account and allows you to enjoy your earnings faster than if you were forced to transfer them to a traditional financial institution first.