Since its launch in 1998, PayPal has become the leading name in electronic payments services. The reason? PayPal has a lot of benefits, especially for online gambling.

Below, we’ve summarized the perks you should expect from using PayPal to gamble at online casinos:

• PayPal Is Widely Available

  PayPal is a Fortune 500 company, with businesses all over the world accept it as a result. And because PayPal is in big demand, many of the best online casinos accept PayPal as a deposit and withdrawal option. This means you’re spoilt for choice with PayPal online casinos. Plus, since many online service providers and retailers take PayPal, you use your casino site winnings to make extra purchases on the web.

• PayPal is Easy and Fast to Use

  PayPal is one of the quickest and easiest deposit options to use at an online casino. Forget the hassle of entering 16-digit card numbers, card holder names or expiry dates. To make a PayPal deposit, you just need to enter your username and password. Similar to deposits, PayPal withdrawals are also straightforward, and take less than twenty-four hours, which is quicker than credit card casino withdrawals that can take up to a week.

• Extremely Secure Payment Method

  PayPal is one of the safest payment providers you can use. The company has a strict security system in place to protect your details and cash. With PayPal, you never need to enter any personal banking information to make a deposit. Your financial details are protected, as they’re never shared with the casino. PayPal must also approve the online casino that wants to use its services. This acts as a guarantee that the gambling site is legitimate and trustworthy.

Depositing at PayPal gambling sites is a straightforward process. Although the process will differ a little from site to site, you’ll get a similar experience as outlined:

• Step 1

  Make sure your PayPal account has cash in it or is linked to a credit card.

• Step 2

  Log into the gambling site of your choice, head to the Cashier section, and select PayPal.

• Step 3

  Enter the amount you’d like to deposit. Make sure you meet the minimum deposit amount required by the casino.

• Step 4

  Wait for the funds to show up in your online casino account, which usually happens instantly when you’re using PayPal.

• Step 5

  You can now use your PayPal deposit to play real money slots and casino games.

PayPal casino withdrawals, like deposits, are quite simple to do too. The process won’t vary much from casino to casino. Here’s a quick lowdown of the steps needed to make a withdrawal with PayPal:

• Step 1

  Confirm that you’re able to withdraw from your account balance. For instance, you should have met all wagering requirements if you’ve claimed a welcome bonus and submitted all ID documents if the casino requested it.

• Step 2

  Select PayPal as the method for your withdrawal and choose the amount of money you’d like to take out, which should fall between the minimum and maximum withdrawal requirements of the casino.

• Step 3

  Fill in any pop-up forms with the necessary details and check how long it takes for withdrawals to be processed. With PayPal, it’s usually less than twenty-four hours.

• Step 4

  Once your real money winnings have shown up in your PayPal balance, you can spend them directly via your account or withdraw them to your bank account.

PayPal fees at online casinos can seem confusing at first. However, we break down the fees you may across while playing here so that you have all the information you need in one place:

PayPal Casino Site Fees

To discuss fees, we need to bear in mind the difference between the fees charged by PayPal for deposits and withdrawals, and those charged by the casino site. From the PayPal casino’s side, deposits are usually free, but this varies from site to site. Some may charge a “deposit fee”, but this is rare. For withdrawals, many casinos do not charge any fees either when you use PayPal, although you may find exceptions.

PayPal Deposit Fees

In the US, PayPal will not charge you anything when you’re using your existing account balance or an electronic funds transfer from a bank account. When you deposit cash as a personal payment via debit or credit card, there is a 2.9% fee + €0.30 of the total amount sent.

PayPal Withdrawals Fees

When it comes to withdrawals, charges may apply depending on where you withdraw your PayPal funds to. Once you have your casino winnings in your PayPal account, you can choose to send them to a bank account or debit card, two of the most preferred options for withdrawals. Depending on your location, PayPal does not charge a fee to transfer funds to your linked bank account. This applies, for example, to Australia and bank accounts in AUD. To send money to a USD denominated bank account, there’s a fee of 2.5% of the transfer value.

PayPal Currency Conversion Fees

If you need to convert the currency of your funds to do this, currency conversion fees will apply too. For debit card withdrawals, you’ll pay a fee of 2% of the value of the withdrawal, with minimum and maximum amounts set by currency. On the plus side, withdrawals to your debit card are quick. Bank account withdrawals take at least one business day.

As you can see, some of these fees from PayPal’s end can take quite the chunk off your casino winnings, and this is why some players will prefer other payment methods. Fees may change depending on the jurisdiction or country you’re gambling from, so always check the PayPal charges you may need to deal with before depositing and withdrawing money at an online casino.

While PayPal real money online casinos are among the best of the bunch, you might want to know about your other options. Luckily, there are tons of alternatives for hassle-free casino transactions. We discuss some of the most popular choices here if you want to give PayPal a miss:

Skrill: This standard e-wallet is popular in the US, Canada, and in several European countries. Like PayPal, Skrill deposits are instant. Withdrawals are processed within 24 hours with Skrill, which is why it’s a top choice at the fastest-paying online casinos.

Neteller: Founded in 1999, this e-wallet helps you make safe and fast transactions at online casinos. Neteller’s reputation speaks for itself, as over 23 million people use it online, including at casino sites. Like PayPal, you won’t need to share any card or bank details with gambling sites.

Paysafecard: You won’t need to have a bank account when making payments with this prepaid card. You purchase paysafecard at a licensed retailer and load up the card with funds. Depositing at online casinos is then super easy, as you would just need to use your 16-digit PIN code.

Trustly: Trustly online casinos are another reliable choice for gamblers. This secure e-wallet is available in 29 countries, including the US, Canada, and Australia. It supports more than 6,000 banks, and transaction fees are kept at a minimum.