Is PayPal the Payment Method For Me?
It’s Free and Fast
Perhaps the biggest advantages of PayPal casino payments is the fact you don’t have to pay for an efficient service. All online casino deposits are completed in seconds, regardless of the method you use. When it comes to withdrawals, however, timeframes differ. In general, PayPal is twice as fast as credit/debit transfers. Once your request has cleared an operator’s security checks (typically between 24 and 28 hours), your funds will be credited to your PayPal account within a few hours.
An Added Layer of Protection
Another huge benefit of using PayPal is that it acts as a barrier between you and any criminals out there. When you make a payment, the only information you have to include is the email address associated with your PayPal account. Because your PayPal account is protected by a password (and possibly 2FA), an email address isn’t enough to put your funds at risk. In contrast, when you input your credit/debit card details, there’s a chance someone could steal that information and use them to access your money.
A Greater Degree of Flexibility
As well as being a payment processor, PayPal is also a secure place to store your funds. Because it’s an online platform, it’s easier for you to move your money from casino-to-casino (i.e. other online platforms). What’s more, PayPal deposits/withdrawals aren’t recorded by your bank. So, if you’re worried about affecting your credit rating (you shouldn’t be) or you want to play at more than one online casino, PayPal is the most efficient and flexible payment option.
Are there Any Downsides to Paying with PayPal?
Three Steps to Pay
When you use PayPal as a casino payment method, you’re essentially adding another step to the process i.e. money moves from your bank, to PayPal to the casino site. As we’ve said, having a middleman is great because it acts as another layer of protection. However, the downside is that it means you have to do a bit more work. Fortunately, adding/withdrawing money from PayPal is extremely easy, so this extra step isn’t a huge issue. The fact remains, however, that there is another cog in the virtual payment wheel.
It’s Not Available Everywhere
Despite being one of the most efficient payment processors, PayPal isn’t accepted at all online casinos. Even some of our top-rated platforms haven’t integrated this method into their platforms. Therefore, if you’re looking for a PayPal casino and won’t consider any other deposit option, you may have to search a bit harder than you normally would.
It Could Kill Your Bonuses
Although it’s less common than it once was, some operators won’t allow you to claim welcome/deposit bonuses when you use PayPal. In general, this clause is typically applied to Skrill and Neteller. However, because PayPal is part of the same eWallet family, there are times when it gets caught up in this no bonus trap. Additionally, the withdrawal limit with PayPal is often lower than Skrill and debit cards.