Online Casinos that accept Paypal
online casino paypal
So much has changed for the online gamer over the past few years. In
less than a decade, online gambling has become increasingly popular and
is growing at a staggering fast pace.
The most popular way to send and receive money online these days is
PayPal. Many people and businesses manage a major part of their payments
through PayPal and most of them say only good things about it. PayPal works with 25 different currencies and in 180 countries.
Best online casinos that accept PayPal:
Wicked Jackpot
Moon Games
Hippodrome
Mr Green Casino
PayPal is a very popular online paying platform that allows users to make purchases or receive payments on third party websites, sharing nothing but their email address. PayPal was bought by eBay, the famous ecommerce community, but the application was extended far beyond that platform.
PayPal has its alternatives, where in the online casinos arena, it's most remarkable are: Skrill and Netteller, but also here, PayPal has a much bigger presence, as a generalization, users around the world will prefer PayPal.
Online Casinos with PayPal
The biggest drawback about online casinos and PayPal is that not all online casinos accept PayPal, but my opinion is that this lack is also an advantage. I personally prefer to work with online casinos that accept PayPal. As a general rule, the ones that work with PayPal are safer because of PayPal's strict regulation and supervision of its online shops. If PayPal gets a number of complaints regarding a specific online casino, it will ban their account and discontinue working with them. As a side note, this rule of thumb works on every business sector.PayPal policy towards online casinos
Another aspect that differentiates PayPal from other depositing options is their regulation. PayPal works only with online casinos that have a gambling license in the same country of the player. For example: a user with a PayPal account from United Kingdom will be allowed to deposit from his PayPal account only if the online casino has a gambling license in the United Kingdom. The costs of getting a gambling license on each of the European countries is very expensive and many small online casinos skip that part and get one free gambling license from Costa Rica. In this case, PayPal will filter those online casinos from your options and will leave you only with the more established ones.How to work with PayPal and Online Casinos
It is very simple to open an account with PayPal (in the end on this article there is a YouTube video that demonstrates it) so I will skip all the basics, you can read about it here.The issue that needs explanation is the relationship between PayPal and online casinos so here are some points that should be noticed:
Deposit and Withdraw - In the list there are online casinos who accept both deposits and withdrawals through PayPal. Some online casinos will allow you only to deposit via PayPal and some allow you to withdraw from PayPal only when the amount of withdrawal money doesn’t exceed the deposit money. In order to get into those details regarding online casinos that are not in the list, you should check the banking page at the online casino website.
Another aspect to keep in mind is the cashing out time. With PayPal, it’s usually much faster than other alternatives (1-3 days), where with credit cards it can take almost a week.
Min Deposit - The minimum deposit for PayPal usually ranges between $10-$25, but there are exceptions.
Countries- Online casinos with PayPal does not accept deposits and withdrawals from all countries. Those countries that usually work with PayPal are: Germany, Spain, UK, Ireland, Italy, Portugal, Finland, Denmark, Austria and Sweden. Online casinos that do not have a gambling license on all those countries, will allow PayPal depositing on countries where they do have the license.
Deposit Bonus - Some online casinos give different deposit bonus’ in percentage for different deposit methods. For example, Playtech online casinos usually give 15% bonus to PayPal and 10% to credit cards.
Deposit Fee - the opposite of the previous section, some casinos charge deposit fee for PayPal. For example, Betfair charges a deposit fee of 1.5%.
Online casino software who accept PayPal:
In order to understand the connection between a group of online casinos and the acceptance of PayPal, I will divide the online casinos according to the software that they operate with. I will demonstrate this connection on 3 major online casino software: Microgaming, Playtech and RTG.
Microgaming online casinos that accept PayPal:
32red and PayPal: Allows deposits and withdrawals, minimum deposit of $10 and instant cash out.
An example of how it looks with 32red:
Ladbrocks and PayPal: Allows deposits and withdrawals, minimum deposit of €10 and min of 6 hours cash out.
Playtech online casinos that accept PayPal:
Eurogrand and PayPal: Allows deposits and withdrawals, 1 day cash out, %15 percent deposit bonus.
Betfair and PayPal: Allows deposits and withdrawals, max 24 hours cash out, minimum deposit of £5 and a fee of 1.5%.
Winner: Does not accept PayPal.
RTG online casinos that accept PayPal:
Pros and cons for online casinos and PayPal
Pros for online casinos and PayPal:1. Easy to use - PayPal is definitely easier to use than most other payment methods. You choose to deposit, enter the sum, place your username and password and it's done. Instantly, you can see this transaction in your account and there is no need to remember anything other than your PayPal's username and password.
2. Secure - PayPal is making a lot of effort in order to keep its servers secure and prevent frauds. It's ban policy is strict and online casinos that work with PayPal must align their rules according to PayPal's demands. Good evidence to PayPal security is that even during eBay's big security breach that happened on May 2014, PayPal remained secure.
3. Your money is already there - A lot of us do business with PayPal and already have money in our PayPal account. Instead of withdrawing, pay fees and deposit with credit card, we can deposit to the online casino directly from our PayPal account.
4. Signal - This is the most important reason for my opinion. Online casinos that accept PayPal gives us a very good signal to the way it works. They have the gambling license and they are approved by one of the biggest websites on the web.
Cons for online casinos with PayPal:
1. Not all online casinos accept it - When limiting the variety if online casinos, to the ones who work with PayPal, we lose a lot of online casinos on the way which some of them give great bonuses. Also, a playing tactic of finding new welcome bonuses in order to increase revenue is much harder to achieve when limiting ourselves only to online casinos that accept PayPal.
2. Not possible in all Countries - as I said before, not all countries accept online casinos PayPal deposits. The countries that usually accept it are: Germany, Spain, UK, Ireland, Italy, Portugal, Finland, Denmark, Austria and Sweden.
The current situation with US Players
The federal law regarding online gambling in US gives the states the authority to decide if online gambling is allowed in their jurisdiction zone. Today (June 2014), 3 states allow to gamble online, but PayPal deposits are prohibited all over US.PayPal Alternatives in the online casinos arena
There are many alternatives to PayPal when coming to deposit money to online casinos. You can divide those alternatives to 3:Credit Cards: Visa and MasterCard are accepted among most of the online casinos.
Bank Transfer: Accepted on all online casinos, as long as its legal in the country of the Bank.
Payment Gateways: Netteller and Skrill (money bookers) are very popular among online casinos. Others are: Click2pay, Paysafecard, Ukash, Webmoney and more.
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