PayPal Casinos
While PayPal might be the biggest provider of digital transactions, it is quite hard to find a PayPal casino. Both Neteller and Skrill are more commonly seen as the go-to choices in the online gambling world, although PayPal has been in the industry longer and many of us already have an existing account. But enough with the jargon, here are some online casinos that actually have PayPal as an option, from yours truly, the Casino Professor.
Disclaimer: PayPal isn’t available in countries where online gambling falls into a legal gray area. For example at LeoVegas PayPal is only available for UK residents, where the casino holds a license. Visit the online casino to see whether PayPal is available in your country. For UK players everything should be fine.
PayPal Casino – Why are they uncommon?
PayPal casino is uncommon nowadays. In ecommerce, PayPal has become the standard, and is usually the basic payment method that comes with the software. However, PayPal hasn’t been too eager to mix in with the gambling world. Actually in 2003, they chose to cease serving as a payment intermediary between online gambling sites.
Before this decision, they were the biggest processor for gambling transactions and a PayPal casino wasn’t hard to find. The reason for this decision might be due to the fact that PayPal is an American business. In America, online gaming is legal (against common knowledge), but processing online casino withdrawals is illegal.
In 2010 PayPal resumed accepting gambling transactions, but has been very picky choosing the PayPal casinos to cooperate with. Transparent operations and valid license are a must for any online casino that wants to do business with PayPal. Because of this it is quite hard for online casinos to get a deal with PayPal. It is mainly the operators that have been in the industry for a while that have managed to strike a deal with PayPal.
PayPal Casino: 888 accepts PayPal
The industry giant, 888 casino (888 casino review), is one of the casinos that have PayPal as a payment method with full PayPal support. 888 has been in the industry for 20 over years and can be therefore considered as trustworthy operator. 888 casino holds a license in Gibraltar and in the UK and is suitable for EU and UK players.
Benefits of a PayPal Casino
Benefit of using PayPal is pretty much the same as it is with other digital wallets. You don’t share your credit card information to third parties. This adds an extra layer of security in your payments. Also processing times are much faster compared to bank transfers or credit card transactions. So you get your winnings faster. With digital wallets the funds appear almost instantly on your account once the withdrawal request has been approved, where as conventional methods usually take few business days.
Don’t have a PayPal account yet?