Benefits of using PayPal for casino play
There are numerous benefits to using PayPal as a casino banking method. Let’s explore some of the advantages of this payment method.
Instant transfers
The main benefit to this banking method is that transfers are instant. You will therefore typically be able to start playing with your deposit straight away. PayPal also processes withdrawals instantly. Any hold-ups or delays to withdrawals are usually due to the casino site, not PayPal. Many sites hold withdrawals for 24 hours before processing them, regardless of your chosen withdrawal method.
You don’t need money in your PayPal account
Unlike other e-wallets and prepayment cards, you don’t actually need money in your PayPal account to make a deposit. If you do not have enough in your PayPal balance to make your preferred deposit, the remainder will simply be transferred from your bank account, through PayPal, and into your casino account. The deposit process does not take any longer when the money comes from your bank rather than a PayPal balance.
Can use multiple cards/accounts
Unlike many e-wallets, you can link more than one bank account or card to your PayPal account. This means you can use one system (PayPal) to deposit from any of your accounts. Once you withdraw winnings to PayPal, you can then transfer them to any of your linked accounts.
Higher limits
When it comes to the limits for PayPal gambling sites, you’ll find these are generally quite impressive. You will find not only the max deposit limit is higher than for other payment methods, but also the max withdrawal limit. Players will often find that the minimum deposit and withdrawal amount is lower than other banking methods too.
Safety
PayPal is considered to be the world’s second safest payment method for fiat currency, after credit cards. The e-wallet effectively adds a privacy layer between the casino and your bank. This is because the only information the casino holds is your email address.