PayPal is one of the oldest payment solutions on the internet. It was launched in 2002. Originally part of eBay, and mainly used to quickly process eBay purchases, PayPal grew to become a globally recognised payment method, available at almost all retail websites and many UK online casinos.
One of the advantages of PayPal is that you can use it with any currency to make quick, secure payments online. You can either send money to your PayPal account (and use it as an e-wallet) or use it to pay for goods/deposit directly from a linked debit card or bank account.
This, though, is just scratching the surface – keep reading to find out the best casinos PayPal casinos for UK players, and everything else you need to know about making casino payments with PayPal.
Please note: From April 14th 2020 onwards, players will no longer be able to make payments via PayPal at UK-licensed casinos if their account has been funded via credit card. This new law does not apply to debit cards.
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Using PayPal as a Deposit Method
PayPal online casino deposits are quick and easy. All you need is a fully set up PayPal account, that is most of the work up front. Once you have money on your PayPal account (or a card or bank account linked to it so the service can quickly access funds) payments through PayPal are instant. Where available, there are usually no restrictions on receiving welcome bonuses when using PayPal.
PayPal isn’t offered as a payment method at all UK casinos, however. The reason for this is that as a company regulated by financial bodies, PayPal demands a certain safety standard from the websites it works with. This is a good sign for you as a gambler, on the other hand. You can be sure that an online casino that offers PayPal adheres to the highest standards of security.
PayPal deposit step by step
If you have ever used PayPal before, you will already know that the largest part of payments through PayPal actually happen on the PayPal website. As such, there is no large difference in using any other payment method. Here’s how to top up your casino account:
- Navigate to your casino account’s payment page
- Select ‘PayPal’ as a deposit method
- Enter the amount of money you would like to deposit and click ‘Deposit’/’Confirm’
- A separate window will open or the page will redirect to PayPal
- Enter your PayPal login details (email address and password)
- Select whether you would like to use your card or bank account for the transaction. Alternatively, you can use any funds you have in your PayPal e-wallet
- Confirm the payment
- You will be redirected to your online casino or the separate window will close
The money will appear in your casino account instantly. It may take several days for PayPal to deduct the money from your bank account or for it to show up as a debit card charge.
Using PayPal as a Withdrawal Method
PayPal withdrawals work the same way as regular deposits. Like many e-wallets, Paypal isn’t always offered as a withdrawal method.
Where you can withdraw with it, however, you have to look out for the crucial difference between PayPal, Skrill and Neteller – PayPal withdrawals take much longer. If you deposit with PayPal and the casino doesn’t support PayPal withdrawals, you can cash out your winnings directly to your bank account.
How fast are PayPal withdrawals?
Unlike other e-wallets, PayPal withdrawals don’t appear instantly on your PayPal account. As a highly regulated provider of financial solutions, PayPal has to check transactions in a rather lengthy security process.
As a result, receiving money to your PayPal account usually takes just as long as receiving casino withdrawals to your bank account.
2 to 5 working days are the norm.
PayPal withdrawal step by step
To withdraw money from your online casino account using PayPal, there isn’t much you need to do. Here are the steps:
- Navigate to your casino’s account page/ withdrawal screen
- Select the amount of money you would like to withdraw
- Select PayPal
- Enter the email address you use with your PayPal account
- Confirm the withdrawal
- Some casinos may ask you to reconfirm with PayPal on a separate screen
Pros and Cons of Using PayPal
One of the undeniable drawbacks of PayPal also leads to an advantage. You have to trade withdrawal speed for high security. Here are some other advantages and disadvantages of using PayPal at online casinos:
- ✔️ Very secure
- ✔️ Allows you to manage your gambling funds from an account separate to your bank account
- ✔️ Easy to use
- ✔️ Instant deposits
- ✔️ Usable from your desktop PC or mobile casino just as easily
- ❌ Slow withdrawals
- ❌ Not available at many casinos
- ❌ Small service fees for payments
PayPal Payments for UK Gamblers
Many casinos with their operations in the UK offer PayPal. After all, it’s a well-established service in the UK. Online casinos licensed by the UKGC dedicate themselves to customer safety, as such offering a particularly secure payment method makes sense.
PayPal is offered in over 200 markets across the world, and making payments in other currencies is easy. PayPal will automatically convert your native currency to one your casino accepts. For this, there is no fee. PayPal does however charge you a small service fee for receiving payments. With around 2%, this is lower than most other services of this kind, as well as debit cards, but it applies to every incoming transaction. If you add the money you might lose through exchange from a different currency when playing at a casino that doesn’t deal in GBP, this adds up to quite the loss you need to keep in mind.
As a UK casino player using PayPal, you will not be subjected to fees for using the payment service, but the company does issue a 2% charge on incoming payments so you should keep this in mind when settling on a withdrawal method. There is also the possibility of additional PayPal fees should you play in a currency other than pound sterling.
As we have mentioned a couple of times, PayPal’s biggest strength is its safety. Transactions are thoroughly vetted. Should you have issues, you can contact the customer service. PayPal is also known for a great customer safety policy. If you pay an online casino or anyone else through PayPal and don’t receive your goods (in the rare case that the money isn’t deposited in your online casino account), you can open a dispute case through PayPal in order to get your money back.
PayPal vs. Skrill for Online Casino Players
As safe as PayPal is, Skrill could potentially be a better alternative for UK gamblers. The British company was designed specifically with online gambling in mind and has since evolved quite a bit. Skrill works like PayPal – you pay money into an online e-wallet, from which you can then deposit funds into your online casino account.
Withdrawals with Skrill are also more often an option, even though these often come with withdrawal limits. Skrill lists bonus offers at casinos and has tools to limit spending. It isn’t quite a strongly regulated as PayPal. This means that withdrawals to your Skrill account are instant. However, Skrill comes with one big disadvantage, too. Many casinos don’t accept deposits via Skrill when they offer welcome bonuses. You can use Skrill as a deposit method after you have used your casino welcome bonus, but for the bonus itself, Skrill accounts are often ineligible.
Alternative Payment Methods to PayPal
The only real problem with PayPal, if you are happy with their customer service, is the withdrawal time – and it does not usually as fast payout casino sites. Other services, such as direct competitors Skrill and Neteller, offer more additional bonuses. Payments directly to and from your bank account take just as long as PayPal, but that may mean exposing your gambling activity on your statements, which not everyone is comfortable with.
Many people already have a PayPal account, as you can use it on many websites around the internet. Thus it would be most comfortable to stick with it if you already have one. The limited availability as a payment method at online casinos makes this difficult, however. That’s why we have compiled a list of recommended online casinos that accept PayPal.
PayPal Casino Payments FAQs
Yes, as a UK player, you can use PayPal to make deposits and withdrawals at UK casinos. However, not all online casinos in the UK offer PayPal as a payment option. Want to know where you can find one that does? Check out our list of top PayPal casinos if you’re looking for a new site!
PayPal is an extremely safe and secure payment method. In fact, PayPal demands that online sites, such as gambling websites and casinos, have high security standards otherwise they won’t work with them. For this reason, you can be sure that PayPal casinos are safe to play at.
Minimum and maximum payment limits will depend on the casino. Most UK casinos have a minimum deposit amount of £10 or £20. There is no maximum withdrawal limit for UK players.
Yes, it is free to deposit with PayPal. However, if you wish to withdraw your winnings with PayPal or transfer your funds from your PayPal account to your bank, they do charge a 2% fee.
No, the majority of online casinos in the UK do not have special PayPal bonuses. Although it is good to know that you won’t usually be excluded from bonus offers when you pay with PayPal, like you would with Skrill or Neteller.
Skrill and Neteller are much more widely accepted at UK casinos and these two e-wallets can provide a good alternative to PayPal for UK gamblers. However, it’s worth noting that players who deposit with these two payment options are normally excluded from bonus offers.