The digital child of original parent companies Confinity and X.com, PayPal became a publicly traded company in 2002.
The worldwide online payments system was acquired by eBay shortly after its IPO and was the auction site’s primary e-commerce checkout option up until the two companies parted ways back in 2015. In the five-plus years since the break-up with eBay, PayPalPayPal has continued to grow and remains an industry leader in the e-commerce space. 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. While it’s a great service, our most recommended deposit option remains Bitcoin because not only is processing fast and safe, but it’s also a method that comes with generous welcome bonuses. If you run into issues depositing and/or withdrawing via PayPal, e-wallets like Neteller and Skrill are widely accepted.
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:
Unfortunately, as of October 2019 PayPal ceased accepting payments from casinos in Germany—German players are in luck, however, as many casino sites in Germany accept Bitcoin and a range of other deposit methods, which is typically the most convenient form of deposit method (and usually offers some good bonuses, too).
Why do they not accept PayPal? The decision came after Lower Saxony in Germany (the German state responsible for licensing the online promotion and sale of state lottery products) issued a block to a payment provider to stop accepting payments in casino, poker and lottery betting markets. In order to remain compliant, PayPal decided to stop offering their service to casinos, poker rooms and sports betting (including online) in Germany.
Bitcoin offers the same level of safety, security & easy transactions that PayPal does—If you’re used to using a PayPal account, cryptocurrency is likely a great option for you. Plus, it’s widely accepted which means it’s unlikely a casino site will stop accepting it, or that Bitcoin will one day become unavailable on those platforms.
It’s available on essentially every mobile device, for casino sites, poker rooms and sportsbooks, offers unrivaled security (like anonymity and privacy when it comes to transactions), and, there’s the benefit of no banking fees.
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.
If you’re a German-based player, it may be a challenge to find an online casino 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.
Depending on your PayPal account setup, you’ll likely have three deposit options. The most common is to pull funds directly out of your PayPal balance and transfer them to your casino. You can also use PayPal as an intermediary to pull funds from your financial institution / bank and transfer them, while the most recent option lets you sync your credit card to your PayPal account. Be sure to note that a credit card may get blocked, so try the most popular method first.
It’s not uncommon for 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 using PayPal:
OK, you’re up a couple thousand euros 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 site 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 identification 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.
Note: When you 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.