There are several benefits to using PayPal instead of other payment methods. Some of the most apparent benefits include impeccable security standards, small fees and fast processing times.
With PayPal being the world's leading e-wallet, it is no surprise this payment method is used by many online casino players as well.
On this page, you will learn everything there is to know about using PayPal at online casinos. We show you how to set up a PayPal account and look at processing times for withdrawals, safety standards and fees for transactions and currency conversions.
PayPal is a global leader in online payment solutions that operates more than 235 million accounts in 202 countries and 25 currencies.
The company was founded in 1998 and is used by online vendors worldwide, including some of the world's leading online gambling sites. A hassle-free user interface, advanced security standards and quick processing times have made PayPal popular with casino players.
There are several benefits to using PayPal instead of other payment methods. Some of the most apparent benefits include impeccable security standards, small fees and fast processing times.
PayPal withdrawals are usually instant, meaning that the money will appear in your PayPal account within minutes after you have requested a withdrawal. However, these processing times are always relative to those of the casino, as the casino must approve your withdrawal before PayPal can start processing the transaction.
PayPal is a very safe payment method. By linking your payment methods to a PayPal wallet, you avoid leaving sensitive information with multiple online casinos. PayPal also uses security protocols issued by reputable payment merchants such as MasterCard and VISA so that your bank can verify your identity and authorise payments.
Yes, it is. PayPal will never charge any fees when you transfer money from your PayPal wallet to your casino account, or vice versa. However, you may occasionally incur small fees when you withdraw funds from your PayPal wallet to a credit card or bank account. These fees are relative to the payment method you use and the country you reside in.
Yes, it is. You do not pay any registration fee, or fees to keep your account active.
To use PayPal, you must reside in the jurisdiction that the online casino your playing with is licensed in. Therefore, Australians cannot use PayPal at online gambling sites. Luckily, other good options allow you to make swift and safe payments.
Here are your best payment options for Australian players:
Credit Cards You can use credit cards such Visa, MasterCard, Maestro and American Express.
Pay With Credit Cards at Casino Chan
Neosurf You can buy Neosurf cash vouchers at a local retailer. You will receive a unique code that you can use to deposit money at casinos that support Neosurf.
Pay With Neosurf at WildCardCity
Bitcoin This is the world's leading cryptocurrency. By purchasing digital Bitcoins with fiat currency, you can make payments with your Bitcoin wallet. You can only use this currency at Bitcoin casinos.
Pay With Bitcoin at King's Chance Casino
To make payments with PayPal, you must first and foremost create a PayPal account. Once you have created an account, you can make swift online payments using only an email address and your mobile phone.
Here is how you set up a PayPal account:
Step 1: Go to PayPal's official page and create a personal account.
Step 2: Enter a valid phone number. PayPal will use this number to send you text messages with unique codes to verify your payments.
Step 3: PayPal will send you a text message containing a verification code. Once you enter this code, you will finalise the registration. PayPal will also use this verification process when you log in from different locations and devices, and when you make payments.
Step 4: Once logged in, you can go to your wallet and link any bank accounts or credit/debit cards to your PayPal account. When you have connected your desired payment methods, you can either fund your PayPal account or choose to have funds debited directly from your linked payment methods on each purchase.
Once you have a PayPal account, you can make payments to and from your casino account.
Here is how you use PayPal at a real money casino:
It is free to open a PayPal account, and you do not have to pay any yearly or monthly fee to keep your account active. PayPal does apply charges on transactions and these fees are relative to the type of transaction you are making and the country you are residing in.
Luckily, casino players do not incur any costs when depositing money using PayPal, as long as there is no currency conversion involved.
You might incur fees when you withdraw funds from your PayPal wallet to your credit card or bank account. These fees vary depending on which country you are residing in and what payment method you are using.
Generally, bank transfers are free of charge. When you withdraw funds to a credit card, you will be charged 1% of the transferred amount or a flat fee. When you are charged 1% of your transfer, there are applicable minimum and maximum fees.
For example, Australians can incur a flat fee of $3.50 when withdrawing funds to a credit card, or 1% of the transferred amount with the minimum and maximum fees set at $2.50 and $10 respectively.
Fees for other countries are more or less in the same ballpark, although they may vary slightly depending on which country you reside in. As a rule of thumb, you will seldom pay more than $12 for a transaction.
Whenever there is a currency conversion involved in your transaction, PayPal will charge a conversion fee as follows:
As the world's leading e-wallet, PayPal has impeccable security standards.
For card payments, the company uses a sophisticated 3D Secure protocol. This protocol is called MasterCard SecureCode, Verified by Visa or Safekey depending on which credit card you are using. Essentially, this security protocol enables your bank to verify your identity and authorise the transaction to make the purchase even safer.
In addition to this safety protocol, PayPal offers an extensive buyer's protection program, reimbursing customers for lost or damaged goods. Although this feature is not relevant to online gambling, it unquestionably shows PayPal's seriousness when it comes to customer safety.
There are numerous benefits of using PayPal at your favourite casino.
Here are the most important ones:
You do not give out sensitive information When you make PayPal payments, you never give the casino your card details or bank account number. All you need is a valid PayPal username. This advantage becomes especially significant when you play with multiple casinos, as you avoid leaving your details on several websites. Although casinos use advanced encryption to keep customers' details safe, keeping the number of sites that store your information to a bare minimum is always the best practice for general online safety. There are no fees charged by the casino You never incur any fees when you deposit money to your casino account or withdraw winnings to your PayPal wallet. As we have already mentioned, you may incur nominal fees when you withdraw funds from your PayPal account to your card or bank account. However, as many online vendors support PayPal, you can often use your PayPal wallet as your default payment method when shopping online. In any case, PayPal's small fees are not very significant as long as you do not make smaller transactions frequently. Impeccable security standards PayPal is undisputedly one of the safest online payment options. With mobile verification ensuring that no unauthorised persons access your account, and additional security protocols for card payments, you can rest assured that your information is well-protected.
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