Paypal is the easiest and safe method to make a deposit or accept a payment in any business transactions. The same goes for casinos so when you play at online casinos PayPal is the one option that offers safe and easy payment mode to play and enjoy games care free. Since its launch in 1998 this method of online transaction is used many people worldwide.
When it comes to funding your account at the online casinos you will find that not all online casinos list PayPal as their mode of deposit. It is because it is not yet popular at casinos and secondly due to some countries legal issues PayPal is not available.
PayPal has some very tight controls on how their services can be used for gambling, and that extends to casinos as well. The easiest way to explain this is that they will only allow licensed online gambling operators to accept PayPal deposits, and they can only do so in the jurisdictions in which they are licensed. All UK licensed casinos can apply with Paypal but in the US same casino cannot accept PayPal deposit . So that means it matters under what jurisdiction you are playing. Locations where you can usually expect things to work are: Germany, Spain, UK, Ireland, Italy, Portugal, Finland, Denmark, Austria and Sweden. Remember that online casinos can only offer a PayPal functionality in those countries where they hold a valid gambling license.
Being an Indian Player you can make and receive payment with PayPal but at only few casinos and that too you need to check with their customer support team. Following are the online casinos that accept PayPal as a deposit option.
How to Deposit Using PayPal
Making a deposit is extremely simple. If you are at a casino that accepts PayPal, you should see it listed under the options listed on their cashier or Banking page. Select Paypal as deposit option, enter the amount you want to deposit. From there, you’ll be taken to your PayPal account and go through the same verification steps you would if you were making a purchase online. The entire process can be completed in a minute or so, and your funds should immediately appear in your casino account.
When you deposit money into your PayPal account via bank transfer or credit card, you can then use these funds at online casinos. You also have the option to link a credit card to your account so PayPal can make automatic withdrawals when it’s used to deposit at a casino site. The great thing about PayPal is that you can use your everyday account that you use for all internet transactions, or you can open a totally separate account with a different credit card and dedicate it to casino play. This is a good method in regulating the amount of money you spend and helps you keep track of your winnings.
PayPal as an eWallet is completely free to use to make payments online. When you use PayPal as an E-Wallet at an online casino, your transactions will be instantaneous, when you’re depositing to play. You don’t have to wait for days to send money from your account, instead you can enjoy your favourite games immediately
How to set up your PayPal account
If you don’t have a Paypal account, it takes just 2 minutes to set one up.
- Go to https://www.paypal.com
- Click on the Sign Up button at top right corner.
- Select your country, language and account type, individual or business.
- Fill in all the details
- Click “Agree and Create Account”
- Once account is created you need to verify it by entering your PAN card
- You will get the verification code to verify your account
You cannot use Paypal to have your casino winnings transferred to your bank account. In 2011, the Reserve Bank of India passed a regulation that restricts Indian accounts from receiving funds from accounts outside India itself. This is a major issue in regards to online gambling as your withdrawals will not be able to be received via your PayPal account. Only Indian accounts can send funds to other Indian accounts via PayPal.
Also the amount you can deposit varies depending on the casino you are playing at. Most set both minimum and maximum deposit amounts that are wide enough to cover the needs of most players. However, if you want to deposit even more money, you may be able to contact the customer service department to make special arrangements. There may also be restrictions on your PayPal account that limit how much money you can spend in a single day.
If you enjoy playing casino games with your mobile then you need worry you can still make your deposit with Paypal if the online casino in which you are playing is accepting this deposit mode.
You can pay by PayPal Mobile app that works well for all the mobile smartphones like iPhone, Android and Windows Mobile.
The Paypal app can be downloaded to mobile device directly from PayPal’s website. Another option is to have it from Google Play, Microsoft Windows or iTunes and install the app.
Fees and bonuses at PayPal
When using Paypal there’s no transaction fee, only a fee for currency conversion, and you’ll still earn reward points on your credit or debit cards. For receiving overseas payments, you only pay a transaction and currency conversion fee. If you collect payments regularly, use a PayPal business account for additional tools and discounted rates.
Some online casinos give different amounts of deposit bonuses (in percentage terms) depending on which deposit method you use. For example, Playtech online casinos usually give a 15% deposit bonus for PayPal and 10% to credit cards.
So you see that PayPal is fast, reliable, and secure, making it one of the best ways to complete any online transaction, including deposits into casino sites. A typical transaction takes just moments to complete, and there is little risk of identity fraud or similar concerns when using the service. PayPal also allows you some flexibility in your funding, as you can either use money already in your account or link a bank account or other financial device in order to fund your purchase and deposits.
If you cannot find PayPal as a deposit mode in online casinos then there are a number of alternatives for you to choose from. You can pay by using Skrill or Neteller. You may also be able to make a credit card deposit, transfer money from your bank account directly, or use a prepaid option like Paysafecard. Also it is better to ask the customer support team whether they accept Paypal from India or not to be on safer side.