Paypal Casinos Online: Your Ultimate Guide

Quick Rundown of What Paypal is

Paypal Casinos are ever popular, and here is why:

Paypal has swiftly won the hearts of many internet surfers and become one of the global leaders in online payment solutions, boasting over 325 million accounts worldwide. It is available in 202 countries and 25 currencies around the world, and enables payments across different locations, currencies, and languages.

As reported on their website, “PayPal (Europe) S.à r.l. et Cie, S.C.A. is a credit institution (or bank) authorised and supervised by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (or CSSF). CSSF’s registered office: 283, route d’Arlon, L-1150 Luxembourg”, vouching for their enhanced security.

Paypal works as a sort of middleman between a player’s bank and the casino. What it does is shield the full financial information of the payer from being read by the casino.

A player creates their own Paypal account using their email address, phone number, and password. Once all are confirmed, the Paypal account will immediately be active.

Paypal users can choose to either link a bank account or a card to their Paypal account: either will be the main source of their funds. Users can then decide whether to directly finance their playing activities through simply using Paypal as a gateway, or if they prefer to top up their Paypal account with money and then use that as their preferred method of payment.

With enhanced safety and security, alongside data protection, it is easy to see why Paypal is so well received by both punters and providers alike.

Depositing with Paypal at an Online Casino

Online casinos that accept Paypal are generally very easy to use.

Instead of filling in forms with lengthy card numbers, CVV codes, expiration dates and all the boring stuff, you can simply cog in to your account and confirm the transaction you wish to make in a matter of a few seconds. The best part? It’s all FREE!

Follow these easy steps to complete the process:

1. Make sure you have funds in the linked bank account or card
2. Go to the casino’s Deposit page
3. Enter the amount that you want to deposit
4. Select Paypal as your payment method
5. A pop up will ask you to log in to your Paypal account
6. Select your preferred amount
7. Confirm the transaction

Once you have completed the transaction, your casino balance will immediately be credited with your deposit. You’ll notice that you don’t have to enter your debit or credit card number during the process as this will have already been done when you initially set up your Paypal.

How to Withdraw from Online Casinos using Paypal

Though often times accessing winnings from an online casino may be more difficult than depositing, Paypal is here to change all that. Simple and straightforward, a player can follow a handful of steps to cash out their winnings:

1. Go to the casino’s Withdrawals page
2. Enter the amount that you want to cash out
3. Select Paypal as your payment method
4. Log in to your Paypal when prompted
5. Confirm your transaction

You can expect the amount withdrawn to be accredited to your account within 2 to maximum 24 hours.

Can I Get a Casino Bonus if I use Paypal?

Online casinos offer bonus bonanza – you just have to pick your favourite!

Paypal slots, table games, and live casino bonuses are ready for you to play with that little extra boost given by generous casinos. Let’s dive in to the different bonuses you can come across:

• Paypal Welcome Bonus | A warm welcome is given to new players that are creating a brand new account at an online casino. The player will have to complete a qualifying action in order to unlock it, such as simply signing up or even making an initial deposit. Welcome bonuses are the most lucrative promotions available, offering a great head start to newcomers.
• Paypal Free Spins Bonus | Slots are one of the most popular games at online casinos, so extra free rounds are always more than welcome! If a casino is partnered with Paypal, they might offer special free spins to players on particular slot titles. The best part is that free spins give you a chance at winning big without touching a single penny of yours!
• Paypal Deposit Bonus | Deposit bonuses are pretty straightforward: just like the name entails, you get access to them as soon as you deposit a certain amount of times or a determined number of times – of course, using Paypal!
• Paypal No Deposit Bonus | Few and far between, the best PayPal casinos still do offer no deposit bonuses to either new or returning players – without, of course, the need for a deposit.
• Paypal Loyalty Bonus | Do not be discouraged if you’ve already joined the best casinos with PayPal and claimed the welcome offers. The top gambling sites offer ongoing promotions for returning players in order to reward their loyalty to them.
• PayPal Exclusive Bonus | Certain online casinos will run Paypal-specific bonuses that reward players that usePaypal as their preferred payment method. These exclusive offers are one of the biggest perks of using this payment method, as you are rewarded for using a safe, secure, and convenient platform.

As with any other online casinos, you are heavily encouraged to read carefully through the Terms and Conditions that may come attached to such bonuses. You will need to fully understand if there are any thresholds you must meet or surpass in order to trigger them.

At SPcasinos.com, we’ve done the groundwork for you: we have selected the very best online casinos that accept Paypal and listed them in a toplist, taking into consideration wagering bonuses offered, wagering requirements, time constraints, and any other caveat.

Paypal is One of the Safest Payment Methods Out There

If you are wondering whether Paypal is a safe way to transact your hard-earned money then we have the answer: yes, it is. One of the safest, actually.

When using Paypal, the recipient of the payment will not see the sensitive information linked to the payer.

Moreover, Paypal provides a service called PayPal Purchase Protection whereby payers can open a dispute within 180 days from when the purchase was made and ask for a refund. To be eligible for this, a user’s account must be in good standing and the item must not fall under the list of those which are not covered as per guidelines (such as Motor vehicles, Industrial machinery, Real estate, Prepaid cards, and any Items that violate Paypal’s policies).

On top of this, Paypal also encrypts data using secure HTTPS connections and strong Transport Layer Security (TLS) configurations (TLS 1.2 or higher by the end of June 2018).

Key pinning is also used when transacting with Paypal on Android or iOS app. What this means is that when a mobile device establishes a TLS connection, it connects to a true Paypal server, instead of someone posing as the service.

Most importantly, Paypal complies with data protection measures. As their site reports: “PayPal’s Information Security Policies and Controls are reviewed by independent third parties to the following industry standards and guidelines: American Institute of Certified Public Accountants SSAE16 SOC1, AT101 SOC2, Sarbanes-Oxley”.

In short, Paypal enhances its security by using:

• Secure HTTPS connections
• Strong Transport Layer Security configurations of TLS 1.2 or higher
• Key pinning when using mobile transactions
• Compliance to data protection measures
• Paypal Purchase Protection

However, nothing is perfect and some downsides are indeed present when gambling with Paypal. In the next section of our article we will tackle both pros and cons of the e-wallet.