The Best Online Casinos for Currencies: PayPal
Do you have a balance in your PayPal account?
Now would be the perfect time to use that balance at one of the many online casinos that are now accepting PayPal as a payment method.
And even if you haven’t bothered to open a PayPal account, if you’re recently starting out in the world of online gambling, a PayPal account is a smart move.
Using PayPal as a payment method for both deposits and withdrawals offers a stronger degree of security than just inputting your personal credit and banking information online at a casino.
And many PayPal casinos offer cash bonuses and incentives upon signup, massive game selections, and the fastest, most robust gaming software available. Some of the largest online casinos on earth accept PayPal. These include such names as Eurogrand, 888, William Hill, Betfair, and Bet365.
How (and Why) to Use PayPal At Online Casinos
No other online payment processor comes close to PayPal in terms of volume of transactions. They are the undisputed leader in terms of electronic wallet deposit services in almost every country.
Recently, PayPal has become one of the most preferred methods for quick, secure deposits on many online casino sites.
One of the best reasons for gambling at online casinos which accept PayPal is that both deposit and withdrawals of winnings are immediate. With PayPal’s instantaneous transfers, there’s no waiting in pending status for days. As a player, you can quickly and easily hop right into your favorite digital chair, whether it be blackjack, roulette, craps, video poker, slots, or anything else. When you win, you can enjoy the minimal hassle of getting access to the funds immediately upon cashing out.
And the methods upon which you can transfer the funds out of your PayPal account make it an even more convenient option.
With PayPal, you can:
- Transfer your winnings directly through the credit card associated with your account,
- Withdraw the winnings directly to the checking or savings account tied to your PayPal, or
- Use the funds immediately with the PayPal debit card, which is accepted both online and wherever physical locations accept a regular MasterCard.
Finally, the security aspect is another massive bonus to using PayPal at online casinos. Using PayPal means that you don’t need to provide the casinos any of your private or financial information.
Using PayPal for Depositing Money into Online Casinos
PayPal runs like a checking account, but it exists completely in the online world; no physical banking entity governs its processes. The service, noted as being a “payment processor”, is mainly used by online vendors and customers.
Users of Paypal at online casinos will deposit their funds into their PayPal account initially via credit card or bank transfer, or have the funds funnel straight from the casino, pulling through their PayPal directly into their bank account. PayPal users can also decide to link a credit card to their account, so PayPal can make automatic withdrawals when used as a deposit method in online casinos.
This process ensures that your sensitive credit card information is only shared with one site (PayPal) when making payments and completing deposits at online casinos. Users can choose to either connect their already existing regular PayPal account to their PayPal-accepting online casino account for deposits and withdrawals, or start a separate, new account created exclusively for online casino gameplay.
The former is easier if you want to avoid confusion or cluttering of payment accounts.
The latter is better if you want a strong method to easily track your expenditures and winnings.
PayPal itself is a much-preferred payment method at many online casinos. Some online casinos even provide PayPal players additional credits or incentives.
You should always, though, perform your own research and due diligence and check the casino’s reputation. Hundreds of casinos across the web accept PayPal. Each has its own special set of offerings and incentives.
Two of the highest rated PayPal-offering casinos are Ignition and Slots.lv.
PayPal Casino #1: Ignition Casino
Ignition is a PayPal casino relatively new to the online gambling scene. Ignition claims to offer the fastest “cage cashier” transactional payment processes available. Ignition Casino offers a safe and secure gambling experience. An overall procedural audit is performed annually by the Kahnawake Gaming Commission. This auditing process ensures a safe and fair game.
PayPal Casino #2: Slots.lv
Slots.lv offers a vast array of both table games and online slot machines from some of the top-rated gaming software providers on the market today. A popular Vegas-style Internet casino, Slots.lv has long accepted PayPal and other payment processor gateways as payment methods. Players are offered a wide range of bonuses, promotions, and incentives.
And all transactions are kept secure with PayPal acting as a middleman between the casino and your bank account.
You also get the added benefit of online security through Slots.lv’s fully integrated SSL (secure sockets layer, the https you see on sites with higher security).
Other Solid PayPal Casinos
Other higher-quality options for PayPal offering online casinos include Lincoln Casino, BoVegas, and Sloto Cash.
Lincoln Casino offers a $1,500 bonus to new players and has an eight-day average turnaround time for payouts via PayPal. They also have a solid payback percentage.
BoVegas offers a $4,000 bonus to their new players paying and has a two- to four-day average payout time. Their payback percentage is a smidge higher than Lincoln.
Sloto Cash offers a $500 bonus to new players and has an eight-day average payout time for PayPal based payments and withdrawals of winnings.
PayPal Casinos to Avoid
Some online PayPal offering casinos are unsafe, deceptive and unfair.
These include Planet Kings, Eldorado Palace, and Pure Vegas.
Planet Kings has been voted more than once to be one of the lowest rated online casinos. It has consistent complaints about terrible user experiences.
Eldorado Palace has a penchant for confiscating winnings without warning or explanation, and they do an awful job at responding to customer service issues in a timely manner.
Pure Vegas is owned by the Rushmore Group, who are well known in the online casino world for deceptive business practices, not paying out promised incentives, and spamming email inboxes.
Stay away from these options when looking for an online casino, regardless of how enticing their signup incentives and other bonuses might be.