PayPal might be one of the most widely used and recognised payment methods in the whole world, let alone for online bingo players. For that reason, you'll find PayPal is available at most of the best online casino sites on the internet. The company was founded in 1998 as Confinity, which developed security software, before merging with Elon Musk’s X.com in 2001 to become the PayPal we know today.
Paypal became a trusted household name due to being owned and used by eBay, making it easy for millions of people to pay for items and receive payment for the things they sold. You may already have a PayPal account, but why should you use it to deposit on a bingo or casino site?
Near instant withdrawals
It can take up to 10 working days to withdraw funds to your bank account, so cutting this delay by using PayPal is a huge appeal. However, not all bingo and casino sites will offer instant withdrawals, so check the terms before hitting the deposit button.
A service you know and trust
Depositing at a new online gambling site can be unnerving if you’re unfamiliar with the operator or network. Seeing a well-known logo like PayPal can increase your confidence in the security of a bingo site.
All reputable eWallets have sophisticated security systems to keep your data safe and PayPal is no exception. Its data encryption, fraud protection and dedicated dispute process make it a very safe and secure payment method to use
100% free to use
When you compare its costs to other eWallets like Neteller or Skrill, PayPal’s a clear winner. While others charge up to 7.5% to withdraw your casino balance, PayPal is completely free to use for native currency transactions.
PayPal compatible gambling sites are mostly likely to be reliable and licensed by the UK Gambling Commission
PayPal is very strict about which websites can use its services, particularly gambling brands. Therefore, if you see the PayPal logo on a bingo or casino site, you can be confident that it’s legitimate and fully licensed by the UKGC because securing a partnership is difficult for operators.
It’s easy and convenient to use
You don’t need your bank card to hand if you want to play. Your PayPal email address and password are all you need to make a deposit, meaning you don’t need to enter your long 16 digit number every time. If you’re out and about, topping up your wallet is simple and hassle-free. You can even do it all via the mobile app, making playing at mobile casino sites easy.
You may not be elligible for a welcome bonus
Some online bingo or casino sites may not offer a bingo welcome bonus to people who deposit using PayPal, so before you sign up and deposit it's worth reading the terms and conditions for the welcome offer that you want to claim.
PayPal is free to use for anyone looking to spend money online, request refunds, receive withdrawals or send cash to a friend, unless a transaction involves a currency conversion.
The minimum and maximum PayPal transaction limits vary between casinos and slots brands, but most are the same as a site’s other payment methods.
In the past, some casinos charged you to deposit or withdraw using a PayPal account, probably because it’s expensive to integrate its services. It’s rare that you’ll now find a casino that adds transaction fees, but still check before depositing to avoid any unwanted charges.
PayPal is famous for its security – it’s one of the main reasons millions of people trust and use it worldwide. PayPal encrypts your information to stop unauthorised access your data. Depositing using PayPal allows you to play bingo and slot games online without ever giving your sensitive payment details to a gambling operator/vendor, so you can play with peace of mind.
All transactions are monitored to help prevent fraud or identity theft with alerts triggered if any ‘suspicious’ activity is spotted on your account. You’re not liable for any unauthorised transactions made on your account and should always report them immediately.
Thanks to PayPal’s strict guidelines, only reputable sites are allowed to use its services. It’s particularly careful about the online gambling brands it works with, therefore it’s a positive indicator of high security when an online casino supports PayPal payments.
PayPal also offers Buyer Protection, which covers users when there is a problem with a purchased item - if an item doesn’t arrive or isn’t as described, for example. PayPal will reimburse you the full purchase price (plus shipping) if you open a dispute in its dedicated Resolution Centre and your transaction is eligible.
Unfortunately, PayPal’s Buyer Protection service doesn’t extend to casinos as it excludes “gambling, gaming, and/or any activity involving a chance to win a prize.”
For more information about signing up and using PayPal to pay for things online, visit the PayPal website.
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