What is PayPal and Why Is It So Popular in Online Casinos?

The investment genius of Peter Thiel and the coding experience and expertise of Max Levchin combined with the creation of the American company Confinity, which sought to conquer the world of online payments. They joined forces with Elon Musk and his financial startup X.com (like that, Elon Musk?), and soon enough, what emerged was PayPal. This new system was substantial enough to stand on its own. It was so successful, in fact, that online auction site eBay purchased the online payment system—not to develop it further, but to fully incorporate it into their site. The joining of the two was friendly and mutually beneficial.

PayPal continues to expand into new markets and offer solutions to small and medium-sized businesses today. The businesses that accept PayPal have only continued to grow, along with the individual users who utilize it for convenient and secure payments. One of the growing segments is Casino sites that accept PayPal that now offer players a reliable, quick payment option that enhances the online gaming experience.

PayPal is utilized in many countries and boasts a huge user base. From online purchases, money transfers, food orders, and taxi rides to auction purchases—PayPal does them all. The company has also effectively broken into the online gambling industry, particularly in Europe. Consequently, most online casinos now offer PayPal as a fast and secure way for gamblers to deposit and withdraw funds. In some places, PayPal was previously deposit-only, though it now also allows withdrawals at certain casinos, providing players with full access to their funds and in-game action—and official support if anything goes wrong.

Our Criteria for Selecting PayPal Casino Sites

Best PayPal accepting casinos offer complete reliability and security, a decent selection of slots and games, easy-to-use desktop and mobile sites, good customer support, and, of course, generous bonus schemes. Both licensed local and reliable international brands such as William Hill, 888 Casino, 32Red, Unibet, Betfair, and Aspers meet these criteria.

Security

PayPal is absolutely secure for gamblers, thanks to the newest encryption technologies that protect users' personal data. SSL technology ensures secure transactions: instead of transferring credit card information, the system transfers a unique encrypted code for each transaction. On mobile, players can even approve payments using a fingerprint, Face ID, or password—no card numbers have to be entered.

Game Selection

All the largest games from leading developers like Microgaming and Playtech are here—the standard variety of any respectable online casino. Classic slots, poker, blackjack, baccarat, lotteries, roulette, and live dealer games are all available for play with PayPal. In most cases, you can start playing for as little as $5, €5, or £5.

Ease of Use

One of the other plus points of PayPal is the ease of use and versatility. You can conveniently connect your PayPal account with Visa or MasterCard, transfer directly from a bank account, or even other e-wallets. The interface is user-friendly and clear, offering an effortless user experience.

Customer Support

Stable customer support is required, especially in extraordinary cases of technical failures or payment errors. Leading casinos offer different support channels, including live chat on the official site or mirror, a toll-free hotline, active email support, and social media profiles. These are now mandatory for any decent casino.

Bonuses

As with most platforms, users who open a new account, verify their identity, and deposit via PayPal qualify for a range of bonus types. The welcome bonus is only available to new users but must be wagered before it can be withdrawn. The no-deposit bonus may be awarded to users for specific milestones, whereas the standard cashback bonus allows users to reclaim a percentage of losses—usually offered to loyal users who have an established history with the casino.

Mobile Compatibility

Like with customer support, an online casino should have an HTML5 mobile variant for smartphones and tablets. It should also be seamless even on mobile data. Some also offer fully functional iOS and Android apps.

How to Deposit using PayPal

Ease and quickness in opening a PayPal wallet are some of the key reasons why it is preferred by the majority of gamblers to make deposits. Assuming the casino accepts PayPal, deposits are nearly instant and can qualify players for bonuses and full access to games like slots, card games, lotteries, and roulette. Only verified users with registered accounts can make deposits—registration bonuses are rare, and identity checks are needed to screen fraud.

Steps to deposit:

Log in to your account.
Go to the "Cashier" section and click "Deposit."
Choose PayPal as a payment method.
Enter the amount to deposit.
Confirm the transaction.

How to Withdraw Funds via PayPal

System trust and the ability of PayPal to support multiple currencies make it the withdrawal method of choice for winnings for the majority of gamblers—especially in Europe. The withdrawal limit is set by each casino, and there is a 1–3% fee that is chargeable by PayPal. Licensed casinos are also entitled to charge a withdrawal fee due to tax obligations.

Withdrawals are made possible only for verified users with one account—PayPal does not allow multi-accounting. Verification secures the user's identity and minimizes the possibility of fraud. There are even casinos that give bonuses for making PayPal your main payment option.

Steps to withdraw money:

Log in to the casino site.
Visit your personal account.
Proceed to "Cashier" and then to "Withdraw."
Select PayPal from the list of available payment methods.
Specify the amount of withdrawal.
Confirm the operation.