Paypal is one of the worlds most popular payment systems, yet there are not that many casinos that offers their services, especially in the UK. At PaypalCasino.win, we guide you to the best gaming operators offering this payment method, as well as providing all the information you need to know about Paypal casinos.
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Paypal – What is it?
Paypal started our in 1998, as one of the first companies to offer electronic payments on the internet. The service quickly became popular worldwide, which led to the company being bought up by eBay in the early 2000’s. After that, Paypal really took off and became the leading online payment provider in the world, with over 100 million users worldwide.
The Paypal service is what has become known as an eWallet, and basically works as a third party between the customers bank and the casino. In order to deposit to a casino using Paypal, you will first have to create a Paypal account. This account is then funded with money from your bank account, and you can then transfer money to your casino account, or any other service that offers Paypal payments.
Why use Paypal at online casinos?
So at first glance, you might wonder why Paypal would be a good payment method to use. It might sound easier to just transfer money from your credit/debit card, and save yourself the extra step of creating and funding an account with a new payment provider.
However, there are several advantages to using Paypal, the main one being security. By using a Paypal account instead of a debit card when paying online, your money will not be taken straight from your bank account. This means that you do not have to share any sensitive information with a third party, which you would have to if you are paying by for example bank transfer or debit card. This, of course, does not only go for online casino payments, but any service that accepts Paypal. By making Paypal your main payment method online, you never have to give out any bank information to anyone but Paypal themselves, and as they are holding a European Banking License you can know with certainty that your information is secure with them. For a complete list of operators that accept Paypal in the UK, you can visit freespins.uk.com/paypal-casino.
Paypal is also one of the few eWallets that do not charge the customer any transactions fees, which is important especially in casino gaming, as many players like to deposit money on a regular basis.
Paypal casinos in the UK
Despite the popularity of Paypal, there are not many casinos that offer this payment platform. One of the main reasons for this ties in with the no customer fee policy that we described above. Instead of charging the customer for a transaction, Paypal charges the seller. This means that the casino will have to pay a transaction fee every time a player deposits with Paypal, which has led many casinos to exclude Paypal from their payment options. However, there are still a few casinos that do offer Paypal to UK players, and PaypalCasino.win is just the right place to find them. We can also recommend that you visit our good friends at Slotssons.com when looking for a new Paypal casino!
So how do you use the service when you’ve signed up to a Paypal casino? It’s actually really simple. You start of by creating your Paypal account, and funding it with some money from your bank. You then log on to your casino account and go to the deposit section. There, you simply select Paypal as your deposit method, and fill in your account information along with the amount you want to deposit.
The same goes for withdrawing money from the casino. The only downside here is that your money will be credited back to your Paypal account rather than your bank account, so there’s the extra step of having to transfer the money from your Paypal account to your bank account, in case you would like to use the money offline, so to speak.
Is it safe?
In terms of safety, Paypal is probably one of the best options to go for when it comes to online payments. They have a European Baking license, which requires extremely high security measures, and there’s also the added advantage of not having to share your sensitive banking information with the party you’re transferring money to.