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Home casinopaypal
1 year ago

TOP ONLINE CASINOS THAT ACCEPT PAYPAL

Sportsgrid-Staff

Sportsgrid-Staff

One of the benefits of using PayPal when playing at an online casino is that it’s a widely accepted form of payment. In fact, more than 300 online casinos worldwide accept PayPal. Here are some of the top ones and their welcome bonuses.

 

Casino

Offer

Bonus Codes

Payment Methods

Claim Your Offer!

Bet365

Up to 200 Spins

NO CODE

PayPal, Visa, Skrill, Bank Transfer

Claim Now

BetMGM

100% match up to $1,000

NO CODE

PayPal, Visa, MasterCard, ACH

Claim Now

Caesars Palace Online Casino

$2500 Deposit Match Bonus Using “SGRID2500"

SGRID2500

PayPal, Visa, MasterCard, Play+

Claim Now

DraftKings Casino

Play $5 Get $50 Casino Credits INSTANTLY

NO CODE

PayPal, Visa, MasterCard, Bank Transfer

Claim Now

FanDuel Casino

Play $1, Get $100 In Casino Bonus

NO CODE

PayPal, Visa, MasterCard, ACH

Claim Now

 

How to Use PayPal: A Step-by-Step Guide

Using PayPal as a payment method is a relatively straightforward process, as the company makes its site user-friendly. Plus, you can transfer money quickly. When it comes to depositing, withdrawing, and transferring money, PayPal acts like a bank — with all the same rules and regulations. Here is a step-by-step guide on depositing and withdrawing money into your PayPal account.

How to Deposit With PayPal

  • The first step is to create an account with PayPal. PayPal allows you to link your bank account to your PayPal account. You can link multiple sources, such as a debit card or your checking account.
  • Now that you have an account and have access to funds, confirm that the online casino you’re using accepts PayPal, and make sure the casino is verified and licensed.
  • Log in to your online casino account and head to “Deposits." Under the Payment Method, choose “PayPal" as your payment method. Enter the amount you’d like to deposit and follow the onscreen prompts. Note that different online casinos have different minimum and maximum amounts.
  • Once you confirm the amount, you will be directed to PayPal’s login page, where you will log in and confirm where you want the funds to be pulled from (if you have multiple sources linked).
  • Finally, confirm the transaction. Your funds should be transferred instantly, and you can start playing your favorite games.

How to Withdraw With PayPal

To withdraw money money from your online casino account using PayPal, do the following:

  • Click on the “Withdrawals" link on the online casino website. This should take you to the “Payment Methods" page. Click “Withdrawals" and then click PayPal.
  • Enter the amount you’d like to withdraw from your online casino account. Some casinos may request an extra step of verification before allowing you to withdraw any funds.
  • Once the online casino approves the amount, the money will be sent to your PayPal account. This should take anywhere between one and five business days.
  • Log into your PayPal account to retrieve the money. You can choose where you’d like the money sent (if you have multiple sources linked). You can also choose an instant transfer for a fee or a free transfer, which takes two to three business days.
  • Choose “Transfer Money" and then “Instant Transfer" for a fee or “Standard Transfer" for no fee.

Pros and Cons of Using PayPal

While PayPal is a convenient and fast payment method, it may not be ideal for everyone. Here are some pros and cons of using PayPal.

Pros of Using PayPal

  • Secure Transaction: Your banking details are never shared with the online casino, which gives you an added layer of security. Plus, PayPal uses encryption technology and monitors each transaction for fraud.
  • Transaction Speed: Using PayPal to deposit and withdraw money is fast, usually taking no longer than 48 hours.
  • User Friendly: PayPal’s online interface is intuitive and easy to use.
  • PayPal Credit: With time, PayPal also allows users to have PayPal credit, which is like a credit card issued by PayPal.
  • Widely Accepted: Many online casinos accept PayPal as a deposit/withdrawal payment method, leaving you with a variety of options when choosing a casino.
  • Compatible With Other Devices: PayPal is compatible with other devices, like smartphones, iPhones, and tablets.
  • Casino Bonuses: Some online casinos offer bonuses for customers depositing money with PayPal.

Cons of Using PayPal

  • Not Available Everywhere: PayPal is typically allowed everywhere in the U.S. and 200 additional countries, but this isn’t the case everywhere. Some countries that don’t accept PayPal include Bangladesh, Egypt, Pakistan, Yemen, and Libya. Furthermore, some countries may have restrictions on how PayPal can be used.
  • Fees: Most online casinos don’t charge for withdrawals. However, some may charge a small fee when you make a withdrawal using PayPal.
  • Limited Dispute Resolution: PayPal doesn’t cover disputes that fall under the umbrella of “gambling transactions." This means PayPal may not refund your money if you have a dispute with your online casino.

Best Casino Bonuses You Can Claim With PayPal

There is a variety of bonuses and rewards you can claim at online casinos using your PayPal account, all offering incentives to keep playing. Here are some of the exciting bonuses online casinos offer to their players.

Welcome Bonuses

Welcome bonuses are just that: they are given to new users who open accounts and deposit their first funds. Welcome bonuses can be generous. For instance, this year, BetMGM offers a 100% deposit match of up to $1,000 (plus a $25 on the house).

Reload Bonuses

Reload bonuses give players a bonus when they deposit more money into their account. To receive this bonus, deposit additional money via PayPal on days specified by the online casino. A reload bonus example would be a 50% bonus for a new deposit (up to $200).

Free Spins Bonuses

A free spins bonus gives you a set amount of free spins when you deposit funds into your online casino account. There are Free Spins-No Deposit bonuses as well. Some of the other free spins bonuses include Free Spins for New Players, Free Spins for Regulars, and Loyalty Free Spins (for players who have been around for a while).

Cashback Bonuses

If you’re on a losing streak, some online casinos will give you a cashback deal. This is essentially a percentage of your losses, with the amount ranging from 5-10%, over a period of a week or a month. For example, if you lose $100 in a week, the casino will give you a cashback deal of $10. Some cashback offers can be as high as 50%. Some casinos also provide exclusive bonuses for players who deposit with PayPal, such as increased cashback percentages or additional free spins, making PayPal deposits especially rewarding.

Alternatives to PayPal

PayPal is fast, convenient, and secure. However, it isn’t accepted in every country, and some players may prefer or need other payment methods. If you need alternative options, here is a list of other payment methods you can use:

  • Skrill: This is an eWallet similar to PayPal. Based in the U.K. Skrill is just as easy to use, but it isn’t as widely available as U.S.-based PayPal. Skrill isn’t available in Africa or Japan, for instance.
  • Paysafecard: Paysafecard is a pre-paid card that allows you to make deposits without using a bank account. A Paysafecard is limited to deposits, though. You can’t withdraw money onto your Paysafecard. Paysafecards can be purchased online, and payment is made using a PIN or code.
  • Trustly: Trustly lets you deposit funds directly from your bank account and uses the same secure encryption as banks. It’s fast and secure, but it isn’t accepted everywhere. Trustly can only be used in the following countries: Austria, Denmark, Estonia, Finland, Germany, Italy, Norway, Spain, and Sweden.

What Is SportsGrid’s Opinion About PayPal?

PayPal has become a popular method of payment due to its security, convenience, and level of privacy. In addition, its fraud protection and encryption technology ensure players will have safe transactions while depositing and withdrawing funds.

Furthermore, PayPal is increasingly becoming accepted at a growing number of online casinos. This trend has become so prominent that the term “PayPal casinos" is now commonly used to describe any casino that welcomes PayPal as a payment method.

Some drawbacks to consider are that PayPal may not be available everywhere and PayPal doesn’t cover gambling transaction disputes. Moreover, although rare, a few online casinos may charge fees when you withdraw funds using PayPal.

Final verdict: PayPal is an excellent way to manage your funds at the online casino of your choice. If PayPal is available as a payment method, definitely consider it as an option when depositing and withdrawing funds. You’ll have an added layer of security, and you won’t have to disclose your banking information.