Here are a few reasons why we would recommend using PayPal as your priority payment method when gambling at online casinos:
Safe and Secure
PayPal enables you to make transactions without the need for disclosing any banking information with third party casino sites. This provides an additional layer of security, especially if you’ve unwittingly registered with a rogue site.
PayPal is regulated by the Financial Conduct Authority (FCA) which gives gamblers further peace of mind plus it utilizes the latest 128-bit SSL encryption technology to safeguard all transactions.
Speed of Transactions
UK PayPal casino deposits are typically instant and fee-free. Withdrawals are also fast too, often within 0-24 hours which is way better in comparison to say Visa which can take up to 3 days for funds to clear.
Convenience
It’s not difficult to find an online PayPal casino site as the payment method is extremely popular and widely accepted within the UK. Unlike certain methods, PayPal can be used for both depositing and cashing out so there’s no hassle when it comes to enjoying your winnings.
Potential Issues with PayPal
As we mentioned earlier, although pretty popular and widely accepted, you may still find a couple of potential issues when using PayPal:
- Availability: PayPal is a widely accepted method of payment at several online casinos, however, it is not necessarily universally available. Some countries, in particular the USA, do not accept PayPal as a preferred casino payment option. It’s always worth checking the casino’s banking page prior to registration.
- Casino Bonuses: Unfortunately, some PayPal casino sites deem PayPal deposits as ineligible to claim their welcome bonus or other promotions, the same can apply to other e-wallets such as Neteller or Skrill and prepaid options like Paysafecard. The only way to get round this is to sign up using a different method in order to claim the bonus and then register your PayPal account later on down the line.
- Fees: As a general rule, PayPal Casinos are not in the habit of charging for deposits or withdrawals. However, you may encounter fees when withdrawing from your PayPal account to your bank account. It’s best to check with your banking provider as to any potential fees that may be incurred.