PayPal casinos offer a fast and secure way to deposit and withdraw money at online casinos in the UK. As the leading financial service provider, PayPal processes payments often within less than 24 hours, making it the preferred choice of gamblers in Great Britain.
We’ve put together a list of the best PayPal Casinos in the UK for 2020.
PayPal is an online payment method that can be used to purchase services and items. The payment service first launched as Confinity in 1998 before merging with Elon Musk’s X.com. It was renamed PayPal in 2001 and was acquired by eBay in 2002 for $1.5 billion before becoming its own company in 2014.
The service is most famous for being used as the primary payment method on shopping website eBay and has since become more widely used due to its instant payments, easy usability, and tight security.
Essentially, PayPal allows users to send and transfer money. Customers can transfer money from their bank account to their PayPal, and send money from their PayPal account to other users. You can also link your PayPal account to your bank account for quick and instant purchases, and you can get a PayPal debit card to make purchases in the real world.
All of this is done by simply registering for free with PayPal. It’s a simple process as all you need to do is load up the PayPal website or download the official app and click the ‘Register’ button. From there, you’ll be required to sign up with an email address and create a password, fill in personal details, and then link your bank account and debit or credit card.
That’s it! From there, you just need to click the ‘Pay with PayPal’ button to make a secure transaction through the payment service. Most online websites now support PayPal, making it easier than ever to make a safe and secure purchase over the internet.
There’s next to no difference when using PayPal at an online casino. After registering and verifying your account, all you need to do is load up your cashier and click the PayPal option. From there, you enter the amount you’d like to deposit and submit the request. The online casino will then use the email you registered with to instantly transfer the funds to your casino account, allowing you to start gaming.
If your PayPal email address does not match the address used for registration at PlayOJO, the online casino’s support team will contact the player to verbally verify their PayPal account and the deposit.
Although PayPal is widely praised for its fast payments the payment service does have its own restrictions. There are no fees for sending or receiving payments via PayPal as long as there isn’t a currency conversion.
If the transaction involves a currency conversion or is a cross-border payment, you will be charged a fee. This can range from 0.5% of the transaction up to 2%. The fee will be charged based on the currency received by the seller or payee and will depend on the region you are located in; Northern Europe, Europe I, US/Canada, Europe II, or the rest of the world.
More information about PayPal’s cross-border fees can be found here.
One of the biggest problems when it comes to using PayPal at an online casino is the payment method’s availability. Although many online casinos now offer it as an acceptable option, there are still many casino sites which do not yet accept it.
This can be extremely frustrating if you’re someone who enjoys transferring money via PayPayl between your bank and casino accounts. Luckily for you, most of the major casino operators accept the payment option including Skill On Net (PlayOJO, Miami Jackpots), Genesis Global Limited (Genesis Casino, Casino Gods), White Hat Gaming (Playzee, Slotnite, Grand Ivy) LeoVegas Gaming PLC (Leo Vegas, Slot Boss, Pink Casino), and Jumpman Gaming (Anytime Bingo, UK Slots, Hyper Slots).
There are numerous reasons why gamers should consider using PayPal when playing at online casinos. Firstly, PayPal is extremely fast at completing transactions. This means that money instantly appears in your casino account after making a deposit.
For withdrawals via PayPal, the payment will appear in your bank within a few hours after the transaction has been approved by the online casino. This is much faster compared to payments via bank transfers or debit and credit cards, all of which can take several days to process and reach you.
Another benefit to using PayPal is that there are no fees for making payments or requesting withdrawals in the UK. This means you will face no additional charges for using the payment method at online casinos, compared to some other methods such as debit and credit cards, Paysafecard or even Boku.
Lastly, PayPal can be used by anyone anywhere and is one of the most secure payment options available to use. When paying via PayPal, you do not share any of your bank or debit or credit card details, as you simply need to login and approve the transaction.
What’s more, PayPal uses advanced encryption services, provides players with 24/7 customer support should you run into any problems (Although many have described PayPal’s customer support as poor) and supports two-factor authentication which requires you to enter a special one-time code at login that can only be accessed by you.
All of the above and the fact that PayPal can be used for almost everything makes it one of the best payment methods for online shopping and gambling. If you haven’t tried it out yourself, we suggest you register today with PayPal and give it a go – you won’t turn back after.