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:
PayPal is very reluctant when it comes to partnering with online gambling companiesAs a result, even the companies that don’t have any qualms about refusing to accept German-based players have serious problems with securing PayPal’s cooperation.
Consequently, many people aren’t even aware that PayPal allows you to deposit to Europe-facing online gambling sites, including real money casinos, poker rooms, and sportsbooks. Just like in the case of other popular e-wallets, PayPal transactions are safe, convenient and fast. It’s worth noting the number of PayPal-friendly poker networks and casino sites is extremely limited – only the largest Europe-facing gambling giants such as Ladbrokes, 888 or Bet365 support PayPal deposits and cash outs. In fact, if a gambling business isn’t listed on the London Stock Exchange and doesn’t have a perfect track record, odds are high it won’t offer PayPal banking.
Despite the somewhat limited availability, PayPal is an excellent deposit method for all kinds of gamblers. The company offers amazing protection against unauthorized payments, which significantly reduces the risk of fraud and your susceptibility to hacking attempts. Casino operators seeking PayPal’s approval must send contact information, business summary and undergo a company review before verification and authorization is granted.
Furthermore, it is worth pointing out that PayPal doesn’t deal with shady gambling sites, which means that if you all the sites that support PayPal banking are pretty much guaranteed to be trustworthy. All in all, if you’re an inexperienced gambler or you don’t want to go through the hassle of setting up another e-wallet account specifically for real money gaming purposes, you simply can’t go wrong with PayPal.
Like anything else, depositing at an online casino 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 at online casinos.
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.
Now, depending how you wired up your PayPal account, you may have three deposit options. The most common is to pull funds directly out of your PayPal balance and transfer them to your online casino. The next option would use PayPal as an intermediary to pull funds from your financial institution / bank and transfer them in a few business days. The more recent option is to sync your credit card to your PayPal account as a payment option. As is often the case when dealing with online casinos, a credit card may get blocked, which is why the previous two deposit options should be tried first.
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.
It’s not uncommon for online 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 from an online casino 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 online casino 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 online 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.
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: