PayPal was founded in 1998 in the US and was brought by Ebay in 2002. They have become a very popular alternative payment method and they have received numerous awards for there services. Once you have signed up for a free account you can fund your personal account with either a debit card or bank account. You are then able to make PayPal payments. This process is quite easy for US residents (US residents CAN NOT fund casino accounts with PayPal or even play in an online casino), as well as residents of 7 other preferred countries that allow transfers from PayPal accounts to bank accounts. US residents don’t pay for these transfers, although the other countries pay a small transaction fee. PayPal is currently accepting people from 43 countries but in only 7 of these countries outside the US can members transfer money. These countries are Canada, France, UK, Germany, Netherlands, Australia, and New Zealand. You will have to Keep in mind that it takes between three to five working days to withdraw cash from your PayPal account. One of the reasons to recommend PayPal is because of their low fees, especially for personal account clients. If you open a personal account, you can receive up to 100 dollars per month free of charge.
In fact, you’ll find many different casino software which interface with PayPal casino payments. Microgaming is no different. Microgaming online casinos like Spin Palace, 32red, Ruby Fortune Casino, Mummy’s Gold, Bet365 Casino, 888, Roxy Palace Casino, and Ladbrokes (of course) all use PayPal for both payments and cashouts. That means you can shop around for the Microgaming casino with the best deposit bonus, VIP rewards, and games selection you like best. Microgaming isn’t alone in this category, though.
Playtech, the second most popular software provider in the world, also accepts PayPal casino payments. William Hill and Paddy Power, and Eurogrand , casino 21, Betfair, and bet365 Casino’s all have PayPal casino deposit as a money option. As you can tell, PayPal is comfortable with transacting payments to and from most of the biggest, most famous Uk casinos online . This is good not only for UK players, but anyone who enjoys Pay-Pal as their favourite e-commerce provider.
Casinos powered by International gaming technology and its popular Wagerworks casino software also accept PayPal casino deposits. This means Sky Vegas, 888 Games, and Virgin Casino accept PayPal transactions, both for deposits and withdrawals at the online casino. This policy isn’t categorical across all IGT sites, though. For example ME Casino doesn’t have PayPal as an option for payments or cashouts.
Those who prefer RTG online casinos are not going to be able to use PayPal very often. That’s because most Real time Gaming casinos accept US suppliers for games of chance. Given Paypal’s ban on payments for Americans engaged in online games of chance, few RTG sites are going to be able to take payments and cash out your money through Paypal. Rival Gaming sites and Topgame Technology websites are going to fall into the same category. The United States government is hostile to most forms of online gambling, making it uncomfortable for the e-casinos, Internet poker sites, and online sportsbooks that operate unobstructed throughout most of the world. If anything, many individual U.S. state governments are even more hostile to the Internet gambling industry. While many of the jurisdictions are happy to operate state lotteries that pay back a far lower percentage than any casino would ever consider paying, they continue to take the stance that gambling is immoral. Thus online gambling sites are hounded by the US Justice Department, while the e-wallets, credit card companies, and other money transfers companies who service their money transactions are equally targeted. Much of the time, PayPal isn’t available at those few online websites which accept US players. Even many sites which cater to international players who use English as their language and the US dollar as their favorite currency don’t have PayPal as a money option.
That describes many online casinos, but not all. In fact, the payment company allows you to send money to over 190 different countries worldwide. Not only that, PayPal has 100% protection against unauthorized payments from your accounts. Europeans can use PayPal for most gambling transactions, though US accounts will only be able to make payments on skill gaming sites.
The biggest benefit of using PayPal to fund your online casino account is that it protects your sensitive financial information from hackers by putting up a barrier between your bank account and your online casino’s cashier.
Another benefit of using PayPal for deposits and withdrawals is the speed of the transaction. Waiting on a paper check or a bank draft from or to an online casino’s cashier can take 10 to 30 business days, with PayPal, you’ll only wait a couple of days at the most.
Listed here are some of the more popular PayPal casinos.
Party Deposit: Fee is free, Process Time instant, Min limit £15, Max limit £5500
Withdrawal: Fee is free, Process Time 2-6 hours, Min limit, £10 Max limit £10000
Bet356 Deposit: Fee is free, Process Time is instant, Min limit £10, Max limit £5500
Withdrawal: Fee is free, Process Time 24hours, Min limit £10, Max limit £5500
888 Deposit: Fee is free, Process Time 10 minuites, Min limit £10, Max limit £1500
Withdrawal: Fee is free, Process Time 1-5 days, Min limit £15, Max limit N/A
Betfair Deposit: Fee is 1.5%, Process Time instant, Min limit £10, Max limit no limit
Withdrawal: Fee is free, Process Time is 24 hours, Min limit, £1 Max limit no limit
Paddy Power Deposit: Fee is free, Process Time instant Min limit £5, Max limit £6000
Withdrawal: Fee is free,Process Time 1-4 hours,Min limit £10,Max limit £3000