5 Reasons To Use Paypal

Not sure about whether to use Paypal when you play online? Here’s FIVE points to consider:

1) Paypal Is Very Secure

If you choose to deposit with Paypal you won’t need to share your details with the casino. All the transactions with your bank happen on the Paypal side before the funds are transferred from the eWallet to your casino, reducing the risk of fraudulent activity. Paypal itself uses sophisticated encryption technology to ensure all transactions are secure, as well as having 24/7 monitoring to combat fraud.

2) Ease of Use

For many casino players, once they start using Paypal, there is no going back! It’s so easy to make a deposit – you don’t need to dig around for the security number on your latest debit or credit card every time you want to move money across. Instead you can verify each transaction by logging into your eWallet via the casino account page and the deal is done.

3) Speedy Withdrawals

One of the biggest gripes online gamblers have with operators is the time it takes to see the funds they have withdrawn. For a long time casinos would impose lengthy ‘pending’ periods to withhold funds whilst the finance team checked and approved every withdrawal. Thankfully, this is becoming a thing of the past as operators have realised that fast withdrawals can be a strong selling point when attracting customers. However, even after the casino clears your payment some banks and credit card companies will make you wait a further 3 to 5 days before clearing your funds at their end. The advantage of Paypal is that you get your funds almost instantly, or within 24 hours at the most. From your eWallet you can then use them to make purchases elsewhere online.

4) Budgeting Your Spend

If you want to manage how much you spend at online casinos then eWallets like Paypal are also a good way to do this. You can transfer to your Paypal account the amount you have chosen as your gambling budget at the start of the month, and don’t put any more across. By using this account exclusively for gambling it’s easy to keep track of your deposits and save up any winnings to spend as you wish.

5) Higher Banking Limits

All online casinos will have limits on how much you can deposit and withdraw to your account. It is also possible to set your own limits and it is a requirement under UK Gambling Commission licensing that casinos give you this option as part of their Responsible Gambling obligations. What you may not know is that different payment options sometimes have different deposit and withdrawal limits and that Paypal offers some of the highest. Of course, this makes it easier for VIP players to make big deposits and for anyone who wins big to access their winnings easily.

Disadvantages of Using Paypal

Whilst there are some very good reasons why you may want to start using Paypal when you gamble online, it’s also worth considering the few disadvantages to this eWallet solution.

1) Fewer Casinos To Play At

Whilst more and more casino sites are taking Paypal transactions, there are still many that don’t. So, despite its convenience, Paypal does limit the number of sites you can join. So you may want to be prepared to use Paypal when it’s available, but use alternative eWallets or traditional debit and credit cards when it’s not.

2) Setting Up and Verifying An Account

Whilst it is simple and straight forward enough to do, remember that to use Paypal you will first have to set up a new account and to begin with this may feel unfamiliar. You will also need to verify that account. This is done by receiving a small deposit from Paypal that comes with a transaction code. Once you have received the code you must enter it into your Paypal account page. This is a simple process but one that must be completed before you can deposit and play.

Of course, before you can start using Paypal to make purchases online you will need to have a Paypal account. The process of signing up and verifying is straight forward, but it will take you a few minutes. Once your account is there you don’t just have to use it for online gambling of course, Paypal is accepted by almost all online businesses. Here are the steps to set up:

• Visit paypal.com
• Click to register then fill in your personal details. Its free!
• Link your debit or credit card to the account
• Wait for a small transaction from your bank to Paypal with a 4 digit code*
• Enter the code on your Paypal account page
• Your account is confirmed and you’re ready to go

*NOTE: The small transaction will be refunded to your bank as soon as your Paypal account is verified.

That’s all you need to do. It takes a few minutes, but once it’s done you won’t have to set up an account again and you can start playing Paypal casinos straight away.

Compare and Choose

Use our list to compare casinos and find one that you like. Check the welcome bonus, the games on offer, the licensing and which operator owns each site to help you choose.

Sign Up

Once you’ve picked a casino to play at, click through and register. Enter a few details including your name, address and email. Some casinos require you to enter debit or credit card details to verify your ID. If so, don’t worry, you can still choose Paypal to deposit.

Deposit and Play!

Once you’ve signed up you’ll need to make a deposit with Paypal. You’ll automatically be asked to log into your Paypal account via the casino cashier. Once that’s done your transaction will be verified and you can start playing your favourite casino games.