Choosing the ideal payment method can be complicated, but that’s why we’re here to make your decision as easy as possible. We are preparing a long series of informative articles on popular payment methods in online casinos, where you can find out which payment methods are supported by which online casino and the advantages and disadvantages of each payment method. Now let’s take a look at the PayPal payment method together!
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Where can you use PayPal?
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What is Paypal?
PayPal is one of the most widespread payment methods worldwide and originated in the United States, where it was established in 1998 by some of the most influential people of the time, including Elon Musk. It is a company that operates a payment gateway for quick and secure payments to other individuals with an established account, and of course, to online casinos. PayPal helps you link your bank account or payment card to your PayPal account and provides the option to make payments on the internet without lengthy card information entries. Your account is linked to your email address, and two-factor authentication is done via your phone number.
PayPal e-wallet review |
How do I set up PayPal?
You can create a PayPal account on their website or via the PayPal mobile app. You can set up both a personal and business account and fill in your phone number, to which you will receive a confirmation code that will take you to the next registration step. Then you fill in your first and last name, email address, and create a password. Next, you provide your permanent residence address, date of birth, and agree to the terms and conditions. Then just confirm the confirmation email and you’re good to go.
Detailed guide to setting up a PayPal account |
How do I deposit money into PayPal?
In the first step, you select the payment method you want to link to PayPal – you can choose from a credit card, debit card, or bank account. Linking a card or account involves a verification fee of 50 Kč, which is charged immediately upon verification but refunded to you after your first payment. Then you can allocate a certain amount for PayPal to have in your e-wallet to make your payments. You can pay online providers or transfer money between PayPal users.What are the PayPal fees?
In basic use, you won’t encounter any fees with PayPal. Certain types of international payments may be charged fees according to the respective exchange rate table. In the case of long-term inactivity, fees of 250 Kč will start to be charged after twelve months of no payments.Frequently asked questions
1️⃣ Can I deposit and withdraw from an online casino via PayPal?
Depositing and withdrawing money in online casinos through PayPal is allowed if the online casino supports PayPal. The good news is that it is indeed one of the most widespread payment methods, so you will find it in a large number of online casinos.2️⃣ Is PayPal safe?
PayPal is safe for its users only if they do not fall for fraudulent behavior such as phishing, where false identities pretending to be linked to PayPal try to extract sensitive information from users. In case of suspicion of malicious activities, contact PayPal support immediately to verify the authenticity of this identity.
3️⃣ How long does it take to process a payment and withdrawal via PayPal?
Generally, a PayPal payment is made within moments, and in the case of online casinos, it should not exceed one day. In online casinos, such a deposit must also be approved by the online casino. For withdrawals, you can expect to receive your winnings within a few hours.
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