Who appreciates secure deposit and withdrawal forms when playing in a casino, knows online casinos with PayPal. This e-wallet brings numerous advantages. PayPal is an electronic wallet and is considered extremely reputable. Those who use PayPal no longer have to disclose explosive credit card numbers or sensitive personal data when making deposits at an online casino. The deposited money is also credited immediately and there are no fees for this form of deposit.
General information about PayPal open account
Although a deposit at PayPal happens very quickly and the player can immediately dispose of his money and use it in the respective online casino, with withdrawals it may take time until the amount won is credited. However, this is not due to PayPal, but to the processing times of the individual PayPal casinos. However, if a casino has completed the payout, this immediately appears on the PayPal account of the player.
Online casino players can assume that the security at this financial company is 100% secured. So, there are no concerns whatsoever about using this payment method when playing at a PayPal online casino. It is even a good sign when an online casino offers this way of payment. This is because PayPal checks very carefully with which online casino or gaming hall it cooperates. One such option is bluechip.io.
However, it should be noted that only 2,500 euros are available annually. This is due to various money laundering laws. Anyone who regularly works with higher amounts of money must pass a legitimation check at the financial institution, which is carried out with a photo ID and a current proof of address. Here already an electricity or telephone bill is sufficient.
PayPal secures itself and its PayPal customers furthermore that it carries out a verification after the registration and the opening of the PayPal account. For this purpose, two smaller amounts are transferred to the house bank account, which the customer has specified. As an intended purpose, a code is specified, which the customer must specify at PayPal and his PayPal account.
Account openings under a false name are impossible, also by verification abuse is almost impossible. With this safe feeling, nothing stands in the way of the gaming fun in an online casino.
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Alternative payment methods to PayPal
As an alternative to PayPal, some online casinos also offer other payment methods. Among the alternatives are Skrill, Neteller and Giropay. However, payment by cryptocurrency is now also possible.
Many of these e-wallets alternatives also offer a fast deposit and withdrawal option. In the following brief overview, we will briefly introduce the different services and, in doing so, discuss how they work or the advantages and disadvantages of the individual payment methods:
Skrill
Originally, Skrill was a prepaid premium system. With this, the casino account first had to be loaded with a credit. This credit could then be used for online purchases. In the meantime, however, it is also possible to pay with Skrill without a previous top-up.
Skrill is also a very secure and fast payment method. Many online casinos offer a deposit via Skrill, with many casino players also receiving a bonus when depositing via this payment method.
Disadvantageous may be possibly incurred fees if your Skrill account is linked to a credit card.
Neteller
Neteller represents another payment option. Neteller offers free virtual prepaid credit cards in different categories. Here, a payment in the card currency is possible free of charge. After creating an account, it is possible to load it with the desired credit via bank transfer.
With this credit it is now possible to pay for goods and services worldwide. In connection with an account at Neteller you get a free prepaid Mastercard. With this you have the possibility to withdraw cash at ATMs worldwide or to pay in stores abroad.
However, the account must be used every six months, otherwise fees for use will be charged.
Giropay
Giropay is a payment system of the German banks and savings banks. It was introduced to allow easy money transfer between accounts, no matter which bank the account is with.
However, Giropay is a payment service that is offered and used almost exclusively in Germany. Thus, unlike PayPal, it cannot be used for foreign transfers. Even in Germany, not all providers offer this payment method.
Nevertheless, Giropay is a quick and easy way to transfer money. For this you only need to activate your account in your online banking for the use of Giropay. When making an online purchase, you can now pay directly with your online banking credentials.
Cryptocurrencies
Another alternative can be a payment via cryptocurrencies. Among the best-known currencies are Bitcoin and Ethereum. Although payment via cryptocurrencies is not yet particularly widespread, it should become more common in the future.
For a payment by crypto, a player first needs a so-called “wallet” in order to pay into a crypto casino. This is a virtual wallet in which cryptocurrencies are stored. There are numerous providers here that offer wallets for cryptocurrencies. Now the user can acquire cryptocurrencies via this wallet or more diverse platforms. The acquired coins can now be transferred to the wallet.
When making a payment using cryptocurrency, the user is then asked to send the Coins from his Wallet to the recipient’s Wallet. For this, he receives the amount to be paid, the recipient’s wallet address and all other details. Alternatively, this process also works with the help of a QR code, which is scanned and contains the recipient’s wallet address.
The big advantage with cryptocurrencies compared to a traditional payment method is the security and anonymity. No personal data of the buyer is transferred to the seller during a purchase. The transfer is only made using the key of the crypto wallet.
Fees at PayPal casinos
Anyone who regularly plays games in a casino with PayPal should take a closer look at this payment method. This is because there are basically no fees for a deposit. There are also no account maintenance fees, as is the case with most financial institutions. PayPal only deducts something for withdrawals. But the fees of 1.9% plus an amount of 0.35 euros per booking keep within limits.
Security at PayPal & Online Casinos
A big role in the payment plays of course the security. PayPal is a very secure payment method. The data of the users is transmitted encrypted. When choosing an online casino, however, you should proceed with caution and select only reputable providers.
Look closely at the website of the online casino and check with the help of research whether the provider is a reputable provider. In many countries, payment by PayPal is not possible in online casinos. You should pay attention to this and can thus recognize dubious providers if necessary.
Even if the PayPal logo is displayed on the provider’s page, this does not mean that this is a safe provider. Be suspicious and do not be lured by very high bonus offers. If these are unusually high, this is an indication of a dubious online gambling house. So, you should not blindly trust every website and provide your PayPal account info there.
If your research shows that it is a reputable provider, you can make a payment via PayPal without hesitation. PayPal is one of the most secure payment methods that the Internet has to offer.
The other payment services mentioned above are also considered very secure, but usually do not come close to the simplicity of PayPal in terms of operation.
PayPal Casinos – Conclusion
In the end, it can be said that there are some providers that accept PayPal as a payment method and call themselves “PayPal Online Casino”. Although there are, as shown above, numerous other payment methods at online casinos, PayPal is certainly one of the easiest ways to load his balance at an online casino.
In addition, bonuses or free spins beckon when you top up your account. Thus, PayPal is most likely the best option if you are interested in playing at online casinos with PayPal.
An important aspect, which should not be neglected, is the issue of security. While PayPal is a reputable provider for deposits and withdrawals, before you try to top up your PayPal account at a PayPal online casino, you should urgently check the seriousness of the casino. This is very easy to do with the help of a short research on the Internet.
FAQ on the topic of “PayPal Casinos”
How high is the security at PayPal casinos?
PayPal is a reputable provider for payments, which only works with reputable and licensed providers of online casinos. Thus, a deposit and withdrawal in an online casino with PayPal is one of the safest methods for transferring money.
Thus, the use of PayPal is basically safe, but the user should check before using a casino whether it is a licensed online gambling house.
How widespread is PayPal in the online casino world?
PayPal is very popular with online casinos due to its ease of use. In addition, the service is free of charge and allows for a secure money transfer. Not least because of the possibility to transfer money very quickly, PayPal is very popular and widely used by online casinos as a means of payment.
In addition, it is a quality feature for online gambling companies if you offer payment via PayPal. Users also appreciate the ease of use of the free PayPal platform.
Do online casino coupons still exist when I deposit with PayPal?
Many online casinos offer bonuses for deposits. It is typical here, for example, that the deposited amount is doubled, so this corresponds to a 100% online casino bonus.
Mostly, however, a maximum limit is given, so that one receives, for example, up to a deposit of 100 euros the bonus. This would then correspond to a bonus of another 100 euros. The player can then use this credit in the online casino.
PayPal casinos and sports betting providers – what is the difference?
PayPal casinos are providers that offer their users classic online casino games. These include, for example, roulette, blackjack or slot games.
Sports betting providers are platforms where the user can bet on the results of various sports events.
Sports betting also counts as gambling. Thus, both online casinos and sports betting are gambling, but in different forms.
