PayPal is an electronic payment system that allows you to easily deposit and withdraw funds from your account. It started its activity more than 10 years ago and was officially introduced to Ukraine only in 2022. Transaction processing and e-wallet management are carried out through a mobile application.
In the casino, PayPal allows you to link a bank card or account to your account. Due to its simplicity, PayPal is included in the rating of the best payment systems.
The largest electronic payment system, the value of shares of which began to exceed the once parent company eBay. It is the most popular way to make electronic payments in America and Europe due to its convenience and multi-functionality. Opening an account is very simple. To do this, you need to have a phone number and email.
And to open all the functions offered by PayPal, you need a card of any bank and passport scans. It will not be difficult to find an online casino Paypal. All gambling establishments whose activities extend to European countries will have such a way of replenishing the account and withdrawing funds. To open an account you will need a mobile phone and a card of any bank.
Advantages and disadvantages of PayPal
· Instant transaction processing
· Convenience of making payments
· Guaranteed confidentiality
· Tracking of transaction history
· Round-the-clock work of the support service
· PayPal commissions
· Not supported in all casinos
· Commission for all transactions
· Commission for currency conversion
In casinos with PayPal there is a mandatory fee. It is valid both when making a deposit and withdrawing funds. The commission is deducted automatically when the transaction is processed. The amount of commission is 2.9%-3.9% of the payment amount. The exact amount is set separately in each PayPal casino. It is displayed directly during the transaction. The player can learn more about payment fees by contacting the support service of the casino or payment system.
Currencies when replenishing PayPal
PayPal supports more than 25 national currencies in online casinos. This allows players to use the Australian, Canadian or US dollar, euro, or other currencies to make a deposit. There is also an automatic currency conversion, which is carried out with a commission of 2.5% of the transaction amount.
Conversion in PayPal casino is applied if the currency of the account does not match the currency of the bank card or e-wallet. The deposit amount, in this case, will be reduced, taking into account the commission.
How to deposit to your casino account using PayPal
You can fund your casino account with PayPal in just a few steps. To do this, do the following:
– Open the “Cashier” or “Wallet” tab.
– Choose PayPal among the available payment methods.
– Specify the amount of payment.
– Select the card from which the payment will be made.
– Verify in your PayPal account.
– Confirm the transaction.
Before making a deposit using PayPal, it is recommended to familiarize yourself with the current transaction limits. When using PayPal, the minimum deposit is $5, the maximum is $20 000. When replenishing your account, you should take into account the available commissions, including currency conversion.
Withdrawing winnings using PayPal
If you use PayPal in online casinos to play online slots free to withdraw money to a bank card or account linked to your PayPal account. The withdrawal procedure is quick and easy if you follow these steps:
1. Choose among the available PayPal payment methods.
2. Specify the amount of payment.
3. Choose to which card or wallet the payment will be credited.
4. Confirm the transaction.
5. Wait for the funds to be credited.
In addition to the fact that there are limits on deposits with a PayPal card, users should also consider the limits on withdrawals. In most gaming clubs, the minimum withdrawal amount is $10, the maximum is
$10 000. There is also a commission for all transactions. In a casino with a withdrawal to a PayPal card, payment processing takes up to 24 hours, but most often, the money is credited instantly.
PayPal payment security
In online casinos, PayPal pays great attention to the confidentiality of the personal and payment data of users. That is why all payments are protected by multi-level encryption. This allows you to make transactions completely anonymous – the details of the card or account are known only to the payment system; even for casinos with PayPal, they remain secret.
To confirm the transaction, each user must pass verification – specify a code or use TouchID. This is also one of the elements of payment security in casinos with PayPal payment.
The service emphasizes that customers of the network are not responsible for unauthorized transactions made on their behalf. Through PayPal, you can get a refund for the goods not provided. But this does not apply to gambling. Each login to the system is controlled by sending SMS whenever, which prevents access of unauthorized persons.
User confidentiality is maintained at the external level. The system does not pass the data of its clients to third parties. But the possibility of anonymous payments is significantly limited.