What is PayPal
PayPal began in 1998 as an online money transfer service. It makes online payments far simpler and more convenient.
PayPal is a payments processing service which means that you can send and receive funds from your bank account, just by using your bank details or credit card information. PayPal speeds up the process, transferring the funds from your account to the recipient’s account (for example, from your account to your casino account). You can also use your credit or debit card details for the transaction. Otherwise, you can use PayPal as a web wallet. This means that you send funds to your PayPal account, and these will stay there, in your PayPal account until you decide to transfer them.
Originally, PayPal was owned by eBay and was mainly used for ecommerce and online shopping. Recently however, PayPal has become its own company and is now used a lot more for online gambling.
PayPal recently launched PayPal.Me which is a mobile-payments service. With PayPal.Me, you can deposit funds with just one click, and it’s accepted at many online UK casinos – and is growing more popular by the day.
Benefits of a PayPal Casino
One of the main criteria for choosing an online casino should always be its acceptance of the payment method you prefer. And if you prefer PayPal, then you’re in luck. Choosing a PayPal casino has a whole range of benefits of its own including:
Experience: PayPal has been around since 2000, which makes it a true veteran in the e-wallet world.
Reputation: Owned by eBay and a publicly traded company, PayPal has a serious reputation to maintain. This is no fly-by-night operation. It’s a company that processes millions of transactions, and has standards that must be upheld to maintain its business.
Convenience: Many people in the UK already have a PayPal account for other forms of online purchases. That makes it super-easy to use the same e-wallet to fund online casino play. As such, if you win, you can withdraw and use the same money to go straight ahead to making other online purchases, like shoes, clothes or computers, if you please!
Security: PayPal is extremely vigilant about protecting your transactions and customer information. This vigilance has helped make it one of the safest ways to transfer money online across all industries. Plus, for full peace-of-mind, it offers 100% payment protection in the case of unauthorised transactions, as well as a cash back promise if a seller has been deemed dubious.
Special bonuses: As an added bonus, most online casinos offer special bonuses when making a deposit with what is called an alternative payment method. This generally includes PayPal deposits, which can be rewarded with anywhere from 10% to 15% more on each deposit.
How to deposit with PayPal
Depositing with PayPal is really simple and straightforward. Just follow these easy steps:
- Go to Paypal.com, (you will automatically be redirected to PayPal in your country)
- Create an account. You’ll need to enter your name, email address and password.
- Link your account to your bank. You can do this by entering your bank account number or credit card details. PayPal may need to verify your account before you can use it.
Once your account is set up, log in to your casino of choice and click on ‘deposit.’
- Scroll down the list until you find PayPal.
- Click on PayPal and decide how much you want to deposit.
- To complete the transfer, you will be redirected to PayPal.com and asked to re-enter your email address and password.
- If you have enough funds in your PayPal account or bank account, the transaction will be processed in as a little as a few seconds.
Withdrawing with PayPal
Similarly to the depositing process, when making a withdrawal you’ll need to go to the casino’s bank or cashier page and select the withdraw function. Once you’re there, choose PayPal as your withdrawal method, and proceed from there.
Bottom line on PayPal
PayPal is by far one of the easiest and safest ways to deposit at online casinos. Setting up an account and using it to process payments takes a few minutes and all transactions are secure and guaranteed. Many UK online casinos accept PayPal as a payment method. Check to see if your chosen casino uses PayPal and get playing now!
