PayPal is the most popular electronic wallet in the world, with a variety of payment and withdrawal services in a number of different currencies. However, not all online casinos accept PayPal for payments and withdrawals.
A PayPal account must be verified before it can be used as a payment or withdrawal method for online casinos. This means that it cannot be used immediately after signing up for the service. To verify a PayPal account, it must be linked to a credit or debit card, as well as a bank account. Different countries have different banks that allow easy linking with PayPal. Once verified, however, you can immediately start using it for online casino transactions more smoothly.
Secure payment portal
PayPal users pay through a secure payment portal, which is then linked to the website where they’re availing the service. Because users do not have to enter their credit or debit card information directly to the online casino, they are better assured of a safer transaction.
PayPal charges certain fees for withdrawals, often depending on how big the amount is and depending on your location. The local bank you transact with may also charge additional fees on top of that, so make sure to ask the bank what their procedures are. Withdrawals are not immediate, and it usually takes 3 to 5 business days before the withdrawn money is reflected in bank accounts.
Before using PayPal or any payment method for online casinos, check the laws regarding online gambling in your location. European countries are allowed to deposit and withdraw using PayPal. Players from the US and Canada are not allowed.