If there’s a payment method that delivers convenient casino transactions, that’s Paypal, as it offers fast withdrawal times, transparency and minimal fees. It has numerous partnerships with top brands, especially in Germany, the UK and Australia. Paypal has a strict policy when choosing casino partnerships, as they select online casinos that fully comply with the regulations of the country they operate in. So, when an online casino has the Paypal payment option, you can be sure that this is a sign of a legit brand. If you’re looking for a shortcut to the best Paypal online casinos, best50casino.com has got you covered. Just check the list below.
Paypal casinos: Countries they are available in
Paypal, founded in the U.S. in 1998, is considered a giant in payment processing services with a network that covers more than 200 countries and 25 currencies. As far as online casinos are concerned though, you can find Paypal only on top sites that comply with the gambling regulatory framework of the regions they target. What does this mean for you? That the Paypal casinos you will find are located mainly in Europe and hold UKGC, MGA or Gibraltar licenses. So, practically Paypal can be used for online gambling in these counties:
The UK, Germany and Australia hold the lion’s share regarding the use of Paypal for online gaming activities. In case you’re living in these countries, you’ll find the sections that follow very interesting.
Paypal – The Go-to casino payment for Germans
Paypal is a common payment option for online gambling in Germany. It is really easy to set up an account as the only requirements are a bank account from a SEPA country or a credit card and an email. The German online gambling landscape doesn’t have clear regulations like other countries as the only fully regulated region is the state of Schleswig – Holstein. You need to know that as of October 2019 and after the demand of the German government, Paypal is breaking ties with the casino sites which don’t hold a Schleswig – Holstein online gambling license. Some of the most popular German-friendly online casinos with Paypal are Casimba and PlayOJO.
Paypal casinos in the UK: What are your options?
Paypal is the most used online payment method in the UK. Here’s the deal, British players prefer it because it has fast deposits and doesn’t provide casinos with their sensitive details. You can rest assured that you’re playing at a legit Paypal online casino as all of the casinos that operate in the UK are licensed by the most respectable regulator, the UKGC. And if you’re looking for gambling sites that accept Paypal in the UK, look no further than Novibet and Chelsea Palace.
Paypal casinos in Australia – Aussies’ favorite payment method
It’s true that more than 6 million Australians, as well as thousands of stores in the country, use Paypal as their primary payment service option. Australian casino brands followed the Europeans and have also started to form partnerships with Paypal. There are several Australian online casinos that take Paypal as a payment method, like Hyper and Reeltastic.Highest Paypal Casino Bonuses
Paypal casino availability: Still an issue in many countries
Paypal had dropped out from every online gambling activity for seven years (2003-2010). Since 2010 it has returned to the industry, but there are still many steps to be taken in order to be available worldwide. So far we’ve seen that Europeans and Australians can use Paypal at real money online casinos. But what about the USA and other parts of the world?
Do online casinos accept Paypal in the USA?
In case US players might wonder if they can use Paypal for their transactions, the answer is no. Even though Paypal is an American company, residents of the US are strictly forbidden to use it for online casino transactions. This is due to the fact that the US online gambling market isn’t regulated, and only in a few states is ut legal to play online. Therefore, Paypal doesn’t form partnerships with US-facing casinos.
Other restricted countries
Other regions where Paypal is restricted are Afghanistan, Bangladesh, Cameroon, Central African Republic, Cote D’Ivoire (Ivory Coast), Democratic People’s Republic of Korea (North Korea), Equatorial Guinea, Gabon, Ghana, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Monaco, Moldova, Montenegro, Myanmar, Pakistan, Paraguay, Saint Lucia, South Sudan, Sudan, Syria, Timor-Leste, Uzbekistan, Zimbabwe, Crimea and the Palestinian Territories.
What fees apply to Paypal casino transactions?
In general, Paypal doesn’t charge fees on casino transactions when you deposit money at the Paypal casino of your choice. This doesn’t stand for withdrawals though. However, the policy of the casinos is to cover whatever withdrawal fees Paypal may charge, as it is considered a major drawback for them to force players to pay. The only Paypal fees that you should have in mind when playing in an online casino are those of currency conversion when you withdraw in another currency.
Paypal casino alternative payment methods
Paypal is a trusted payment service but there are other methods too, that you can use for casino transactions. E-wallets like Skrill are very popular within the casino sites and there is, of course, the traditional way of credit cards.
Paypal vs Skrill- Which one wins in casino transactions?
Despite the fact that Paypal is the most popular online payment service worldwide, it isn’t one of the most used for online casino transactions. For example, other e-wallets like Skrill are more used for this type of transactions. This is due to availability because you can find Skrill practically in any online casino, while Paypal is available only in regulated markets.
Like Paypal, Skrill doesn’t have any fees when depositing or withdrawing money from an online casino. But, bear in mind that Skrill has 1% deposit fee, 5.50€ fee for withdrawing money to a bank account and 7.50% fee for withdrawing money to a credit card. On the other hand, Paypal has only a 2.9% fee plus the fixed fee of the currency for depositing with a credit card.
Paypal vs Credit Cards – Speed against availability
In terms of availability of course credit cards win big against Paypal. But, in terms of security and speed, Paypal just crashes them. With Paypal, you can deposit and withdraw money without revealing your account numbers. Also, when you withdraw money, you will have the cash in your hands almost instantly compared to credit cards which can take up to 2-3 days.
Why play with Paypal?
Like everything, Paypal has its advantages and disadvantages when you make your online gaming transactions. Let’s take a look at them below:
- Almost instant deposits.
- A range of deposit options, such as credit card, debit card, bank transfer and even a check.
- The casino website doesn’t get access to your financial information.
- Safe and trustworthy payment method adopted by top-rated casinos, thus making it an important factor to recognize the most prestigious online casinos.
- You can send money for free to friends or relatives that play in online casinos as well.
- It isn’t widely available because as we mentioned above Paypal chooses carefully its markets and its partnerships with online casinos. As we mentioned markets should be regulated and casino brands should fully comply with the regulations. Don’t worry though that’s why we are here, to provide you with the best Paypal casinos list.
- It is still the middleman. In order, to deposit you have to fund your account and then transfer the money to the casino. The reverse procedure is followed for withdrawal and that may get annoying with time.
- When you withdraw money from some online casinos there are fees (plus currency conversion) that apply.
So, what’s the bottom line? It seems that the advantages of opening a Paypal account outweigh the disadvantages. Paypal gambling guarantees that you will join a trustworthy and high-profile casino. The withdrawal times are really fast plus your financial details remain hidden from the casino site. The biggest challenge seems to be to find a casino that has the things you value apart from offering the Paypal payment option. However, on that concern, we think that our online casino reviews will solve any doubts.
For additional information you can visit PayPal’s website.
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