A lot of people associate the name PayPal with eBay, as this innovative payment method was the first of its kind, offering fast and secure payments between customers and the online marketplace.
However, if you’ve ever played as an online casino, then you probably know the name PayPal for another reason. PayPal is an eWallet. And it is super popular with casino players all over the world.
With that in mind, today we’re going to answer the most common questions about PayPal-friendly casinos. Including what exactly they are, why you should use them and what alternatives to PayPal are the most popular.
So, let’s dive straight in.
What is a PayPal casino?
Simply put, PayPal casinos are real-money online gambling sites that let you use PayPal as a method of payment.
There are lots of casinos that offer eWallets as a method to deposit and withdraw from their sites. But PayPal is probably the most common that you will find at any online casino.
Why should I use a PayPal casino UK?
There are many different reasons why you should consider using PayPal at a great online casino in the UK. So, let’s take a look at some of these reasons and in a little more detail.
Lightning-fast payments
One of the main reasons PayPal remains popular with casino players is that it offers lightning-fast payments.
For example, making a PayPal deposit is instant. But, then again, that is the case with most payment methods. But where PayPal comes into its own is with withdrawals.
Other traditional payment methods, such as debit card and bank transfers, can see you wait up to a week before receiving your winnings. However, PayPal has an average turnaround of between 24 and 48 hours, depending on the casino and its processing time.
So, overall, PayPal offers one of the fastest cashout times on the market.
Super secure
Another reason that PayPal is extremely popular with the online players is that all your transactions are extremely safe.
When playing at any casino, both in the UK or abroad, you have to make real money payments. And that means giving out your personal details and sensitive information.
For instance, in the case of debit cards, this means giving the casino your card details, which leaves you open for potentially fraudulent activity.
However, with PayPal you only need a username and password. So this protects your sensitive info from any shady third parties that might be lurking online, waiting to pounce!
Thus, PayPal offers one of the safest experiences of any online payment method around.
Free to use
Setting up your PayPal account is free. Also, using PayPal at your favourite casino is also free of charge. The only time you’ll see fees from PayPal is when you go to withdraw money from your Paypal account.
So, do keep in mind that the service is not completely free. Even though using PayPal at a casino is.
What are the downsides of using a PayPal casino?
As with any service, there are some potential downsides to using PayPal. So, let’s take a look at some of the cons associated with this eWallet.
Not available everywhere
As with all eWallets, not every casino will accept PayPal. Also, some sites may accept Paypal, but will exclude this payment offer from their bonus deals.
That said, of all the eWallets on the market, PayPal is certainly the most offered at any real money casino site.
So, if you want to play PayPal games, you’re far more likely to find PayPal at a casino than any other eWallet. With that in mind, we recommend using a casino guide to find lists of trusted and reviewed casinos that offer PayPal to their customers.
For example, Casino.xyz has a good guide to casinos accepting PayPal. And each site they list has also been reviewed and vetted by a team of experts.
Some fees apply to moving your money around
While deposits and withdrawals at casino sites are free with PayPal, there are some fees associated with moving your money around.
As mentioned, you will see a small fee added when you go to withdraw your funds from PayPal to your bank account. In addition, if you play at foreign sites, you may also see some small fees added due to currency conversion.
That said, PayPal still remains a very cheap service to use, even if it’s not absolutely free.
What are some alternatives to PayPal?
Nowadays, there are lots of online platforms offering services similar to PayPal. And some of the most popular alternatives to this payment method include:
- Neteller (eWallet)
- Skrill (eWallet)
- MuchBetter (eWallet)
- EcoPayz (eWallet)
- Boku (pay by mobile)
- Payforit (pay by mobile)
- Paysafecard (vouchers)
Conclusion
As we’ve seen, there are plenty of reasons why casino customers continue to use PayPal. To summarise, PayPal offers incredibly fast deposits and withdrawals, super secure transactions and a free service at your preferred casino.
So, while there will always be alternatives available on the market, we don’t think the popularity of PayPal is going anywhere anytime soon.
