New Jersey, the next step for PayPal. The next step for PayPal in the online gambling industry came in 2015. That is when PayPal and Caesars Interactive Entertainment started processing online poker and casino payments for WSOP.com and Nevada and New Jersey, as well as 888, Harrah’s Casino and Caesars Casino. The main perks of using PayPal for online casino payments are: Lightning-fast processing times. State-of-the-art security measures. High transaction limits. While there are plenty of online casinos that take PayPal, accessing them depends on where.
When looking for a casino with a deposit method that is fast and reliable, we recommend PayPal casinos. Casinos that accept PayPal are some of the best in the business. PayPal is one of the most recognizable eWallets in the world, specializing in receiving and transferring all around the world. We recommend PayPal casinos to our online gamblers around the world. The only exception to this would be US bettors, as they are unable to use eWallets to fund their casino accounts.
This eWallet is one of the safest methods in the world when it comes to dealing with financial information and payment transfers. With top rated security features and an easy to use platform, it’s no wonder that this way to deposit into online casinos is so popular. On this PayPal casinos page, we’ll answer all of the questions you might have about this casino deposit method. Not only will we walk you through creating and crediting your PayPal account, we also recommend some of the top casinos that accept PayPal.
How to Get a PayPal Account
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It’s simple to open a PayPal account. The eWallet requires that you already have a standard bank account that it can connect to, in order to make transfers easy. You’ll need some basic details about yourself as well, like your email. From there it’s just waiting for your account to be verified. Once you’ve got your account set up, it’s easy to use it to fund any of the PayPal casinos we recommend.
How to Fund Your PayPal Account
Since your PayPal account is tied directly to your bank account, funding it is as easy as making a transfer from your bank to any outside source. You can add money to your PayPal account by adding money from your attached bank account (a transaction that takes a couple of days) or by accepting payment from an outside source. Lots of people use PayPal for their home or small business, and funds paid to your PayPal account are immediately added to your PayPal balance.
You can also send money from your PayPal account back to your bank account. This transaction is as easy as clicking a couple of buttons, selecting the amount of the transfer, and waiting a few business days for the transaction to complete.
Cashing Out of Online Casinos with PayPal
Collecting your winnings with PayPal s is very simple. When selecting a withdrawal option at your online casino cashier page you just select PayPal and the funds will be loaded into your PayPal account. There will be a processing fee attached to the withdrawal that s different depending on the casino. The funds will take one to two business days to fully process and then you are good to go. Please note that online casinos prefer patrons to use the same deposit method as they use to withdraw, therefore if you plan to withdraw with PayPal also plan to deposit with the eWallet.
Benefits of Using PayPal at Online Casinos
There are a number of benefits to using this online money transfer service. Casinos that accept PayPal allow you to have an extra layer of security and privacy, as the service does not require you to reveal your bank account number or anything like that. Another benefit of using PayPal casinos is the speed. While it does take a couple of business days, it is still much faster than receiving a check in the mail or a wire transfer. PayPal casinos allow for fast, safe transactions. So you get access to all of your favorite games with all of the benefits of a fast and safe transaction.
Can USA Players Use PayPal to Deposit into Online Casinos?
Unfortunately, USA players are unable to use PayPal casinos, as the eWallet is not available to fund online gambling sites. While the money transfer service is available to use for other ventures in the US, online casinos that accept American players are not casinos that accept PayPal. This is because of the UIGEA, a federal banking regulation in the US that prevents the use of eWallets.
Best PayPal Online Casinos
There are a number of online casinos that can be trusted, but among our favorites are PayPal Casinos. These are top online casinos that accept PayPal deposits without sacrificing the gaming options and other important features. Below is a review of the best PayPal casino.
| USA? | PayPal Casinos | 1st Deposit Bonus | Software | Visit Casino |
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Frequently Asked Questions About PayPal Casinos
It does not take very long for your funds to be processed and credited to your account at PayPal casinos. Usually, it takes no more than a few minutes for the funds to be processed by the casinos. The longest part of your transaction will usually be funding the PayPal account itself, rather than funding the casino that accepts PayPal.
To date, only the US and Canada are prohibited from using PayPal casinos. Residents from most European countries have unrestricted access to the eWallet, as do bettors from Australia.UK bettors are, of course, also included in those that are able to use PayPal.
Yes, making withdrawals is just as simple as making deposits at PayPal Casinos. Go to the cashier, request your payout, and voila, your money is on your way to your PayPal account. It can take a couple of business days to receive your funds from PayPal casinos.
PayPal is the most popular online wallet in the world, and it has once again become an option for some online gambling markets — including parts of the US.
After cutting off gambling-related transactions for several years, PayPal has reopened its services to regulated operators. The majority of legal, licensed online gambling sites now make use of PayPal.
Below are some of the basics about using PayPal in connection with online gambling.
Online gambling sites accepting PayPal in the US
Paypal is used extensively across betting, fantasy sports, and online casino/poker platforms.
Sports betting
All of the major online sportsbooks in the US use Paypal, including DraftKings Sportsbook and FanDuel Sportsbook.
Daily fantasy sports
PayPal also facilitates transactions related to daily fantasy sports. The contests are believed to fall under skill-game laws in most states, although there is a lack of legal clarity in some. Nonetheless, PayPal processes deposits and withdrawals for all DFS sites (such as DraftKings and FanDuel) in all states where they operate.
Online casino & poker sites
In 2015, PayPal started processing online poker and casino payments for WSOP NJ, WSOP Nevada and 888 Poker and 888 Casino, as well as Harrah’s and Caesars online casino. It was an important addition to help further differentiate the regulated industry from the unregulated one.
The list continues to grow, too, now including:
- Market leader Golden Nugget
- FanDuel Casino
To this day, PayPal remains the largest ewallet in the world, both for commercial transactions and those involving online gambling apps and websites.
Horse betting sites
Several of the regulated online horse race wagering sites in the US accept PayPal, including:
- TVG
- DRFBets
- TwinSpires
Read more about online horse betting.
PayPal Gambling FAQ
How do I fund a PayPal account?
Using an existing balance is arguably the easiest way to deposit to a poker room, casino or sportsbook. But if you’re starting with an empty PayPal account, there are several quick ways to fund it.
An instant electronic check can be drawn from a bank account, and larger transactions are facilitated via wire transfers. European gamblers may also use a credit card or debit card, including the PayPal Extras Mastercard.
The latter is not an option for Americans. Those in the US may not use a card to fund their PayPal account for gambling purposes.
Can I deposit using PayPal if I don’t have a PayPal account?
No. Players must create a PayPal account if they wish to use it as a deposit method. It’s a simple process that only takes a few minutes.
It’s also worth noting that many online gambling sites require the user account and PayPal account to be registered with the same e-mail address.
How do I withdraw from PayPal?
PayPal withdrawal options include electronic check and check by mail. The site also offers a debit card that may be used at most retailers and ATMs.
Why don’t I see PayPal as a withdrawal method?
PayPal will appear as a withdrawal option once a deposit is made using the service.
Are there fees associated with using PayPal at online gambling sites?
Online gambling sites typically do not charge a fee, and there is no PayPal fee for using an existing balance or funds transfer from a bank account. PayPal does charge 2.9 percent for transactions using a credit card or debit card.
Can I use a family member or friend’s account to deposit via Paypal?
No. The PayPal account used to deposit at a gambling site must belong to the account holder.
Is PayPal a safe way to deposit at gambling sites?
Yes. PayPal has a reputation as one of the very safest ewallets. It’s arguably safer than using a bank account directly, as it provides an additional layer of security between the gambling site and the player’s financial information.
What are the pros and cons of using PayPal?
Pros:
- Instant deposits
- Variety of deposit options, including credit card, debit card and electronic bank transfer
- Provides a buffer between the gambling website and financial information
- Widely accepted by large businesses, making it more useful than some of its competitors
- Balances can be created and transferred between friends and organizations
Cons:
- Deposit fees associated with credit card deposits
- Withdrawals can be slower than other ewallets
What countries use PayPal for online gambling?
PayPal is available for gamblers in Austria, Australia, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Sweden and the UK.
Gamblers in regulated US markets can use PayPal for online gaming transactions, too, and it’s an option for sports betting and horse betting sites where permitted.
Read more about PayPal sports betting sites here.
Can US players deposit at a gambling site using PayPal?
PayPal only permits gambling transactions in jurisdictions where it is licensed, like Europe. Online gambling sites in Nevada, Delaware and New Jersey are also permitted to use PayPal as a payment option.
The gambling sites available to players outside of regulated markets are, by definition, unregulated. Often located offshore, PayPal does not do business with those sites.
Do DraftKings and FanDuel accept PayPal?
DraftKings and FanDuel are daily fantasy sports sites. Most state laws classify these platforms as a form of skill gaming. Therefore, PayPal’s legal opinion is that processing DFS payments is legal in all available jurisdictions.
Didn’t PayPal once process payments for offshore sites?
Yes. PayPal was once the main ewallet for offshore gaming sites that accepted US players. This included poker, casino and sports betting, processing these payments until late 2002.
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The US government began investigating these transactions around this time, citing both the Wire Act and the Patriot Act. The legal pressure was likely a significant factor in PayPal’s ensuing sale to eBay. The new owner paid a $10 million civil fine to clear the slate with the courts.
Under eBay’s guidance, PayPal ceased all gambling transactions for a time.
History of PayPal in online gambling
PayPal was the first major ewallet on the internet, allowing easy financial exchanges between companies and/or individuals.
It quickly became the top choice for online gambling sites that accepted US players, representing a significant portion of PayPal’s total business. Gambling transactions accounted for about eight percent of PayPal’s entire processing operation in 2002.
At the time, PayPal was primarily building a base of customers in North America. That has changed drastically, with PayPal growing into an international giant that processes payments in over 100 countries.
eBay acquired PayPal in 2002, but the company has since split into two separate entities again.
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eBay purchases PayPal
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Part of eBay’s interest stemmed from the fact that PayPal is the most popular way to purchase an item on the online auction site.
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The company stopped processing online gambling payments almost immediately after the 2002 merger, leaving the US online gaming market with a massive void. Firepay and Neteller stepped in to fill it, and all three of those companies ran into some legal trouble over the following years.
PayPal was an early target for a federal investigation, and it agreed to pay a $10 million civil settlement to dispose of the case. That amount was equal to the estimated profit PayPal made while processing online gambling payments.
PayPal returns to online gambling
PayPal/eBay steered clear of online gambling until 2009 before reapproaching the industry.
This time around, though, it only did business with sites that were fully legal and licensed in the jurisdictions where payments were processed. This generally meant that the UK was the only country where PayPal was available as a deposit and withdrawal option.
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Betfair, a sports betting exchange, was the first online gambling site to use PayPal elsewhere in Europe. Maybe not coincidentally, Betfair never accepted US gamblers, even before the UIGEA took hold in 2006. Before that time, virtually every gambling site was transacting in the US.
Other online gaming companies followed suit, including 888, bwin, PartyPoker and PokerStars. In the time since, PayPal has continued to restrict its gambling transactions to legal, regulated markets.