We thought we should put together a page for those who are new to PayPal... [read more] It’s been around for a long time, but there are still lots of people who just use their credit card online. PayPal is actually a much better—much smarter—option. We will go into some of the reasons why on this page. Below is a list of the best Online Casinos that currently accept PayPal.
Q: What is PayPal.
A: PayPal was established in 1998 and launched in 1998 by Confinity. In 2000, Confinity merged with x.com, an online banking company which Elon Musk—heard of him?—founded. X.com was renamed PayPal in 2001 and was acquired by eBay in 2002. As of 2019, 277 million people use PayPal, and in terms of payment options, they are the third most popular worldwide.
Q: Is PayPal Safer than using a credit card to gamble online?
A: I pointed out above that using PayPal is often better than using your credit card online. This is because using PayPal offers you an extra layer of protection. This is due to the fact the end user never gets access to your credit card. Every transaction made via PayPal is monitored and encrypted.
In addition, PayPal offers dispute resolution to their customers, and they act fast to fix issues for you. Not that you would need this as all the UK licensed casinos we list on this page abide by the rules or risk having their license revoked.
Q: How Difficult is it to get a PayPal Account?
A: It takes about 5 minutes if you are a UK resident and over the age of 18. You will need to have a credit/debit card and a bank account in order to complete your registration.
Q: Are There Any Fees?
A: Yes, there are. It’s free to make a payment but there are fees for the following:
Currency Conversion. Fees are charged anytime you process a transaction that required conversion. Rates fall between 0.4% and 7.4% depending on your local currency.
Money Transfers. Transferring abroad will incur a fee of between 0.3% and 7.4%, again depending on your local currency.
Receiving Payments. All transfers funded by credit cards are charged a fee of 3.4% + 20p. The sender decides to either pay the fee themselves or charge the receiver.
Q: Why Bother with PayPal? Is it worth the extra hassle of opening an account with them?
A: There are a lot of valid reasons. To name a few:
• PayPal includes a Digital Wallet
• Cybercrime is a huge issue. Using PayPal might offer you greater protection
• Deposits process in microseconds
• With your funded PayPal account, you have the means to easier share your money across multiple casinos
Q: What are PayPal’s Payment Options?
A: They have a few options:
PayPal App. Send/receive payments on your phone. In some cases, you can also use the app to pay instore.
Digital Wallet: Allows you to store everything in one place.
PayPal Access Card: A Mastercard debit card tied to your account.
Q: Does Every Online Casino Accept PayPal?
A: No. That is up to the discretion of each individual establishment. And clearly, any who are running illegal sites won’t have a PayPal option, so if you see that an online casino offers PayPal, you can be sure that they are regulated, licensed and fair!
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