PayPal is one of the most popular payment methods worldwide – so it’s only logical that many players want to use this service for depositing money into their online casino accounts. Unfortunately, even in 2017 only a small number of casinos is capable of offering PayPal for making deposits and withdrawals.
However, slowly but surely, more and more providers fulfil this customer wish and offer the service as a payment method for their site. That’s why we’ve collected all the reputable PayPal online casinos and will present the comprehensive comparison in this article. Generally, minimum deposits available through PayPal differ significantly from those with alternative payment methods. For this reason it is crucial to be sufficiently informed upfront in order to avoid problems during the deposit process. In the following, we will present a list of the current recommended online casinos that support PayPal:
One of the most important characteristics of using PayPal for payments is the protection for buyers. This is also offered for online casinos. It gives customers the option to cancel the deposit if there are any problems and enable them to get their money back easily in cases of fraud. This option is missing for normal bank transfers and obviously as well for the paysafecard. That’s why it’s no wonder that more and more players want to switch to the services of the former eBay subsidiary and make sure they are on the safe side. The well-organised list of transactions that can be accessed in PayPal at any time is another factor, as it helps keeping an eye on one’s expenses. This is especially important when playing in casinos, as they obviously don’t offer fixed prices. Sometimes the use of a bonus code requires only a small deposit, sometimes players have to deposit rather large sums instead.
Special PayPal Casino Bonus Codes that Offer Free Starting Credit
Watch out for the PayPal logo – If it is displayed on the casino website, then the service can be used for deposits!
The immediate processing of payments through PayPal offers the advantage that the deposited sums are credited to the casino account straight away. This will avoid long waiting times, as can be the case with other methods like bank transfers, which can often take 1-2 working days. However, there are even more reasons to choose deposits via PayPal: That’s because some casinos offer special bonuses for customers using this payment method. They are often listed under the special category of PayPal casino bonuses, so customers can see straight away how much free starting credit they can receive. For instance, Lapalingo Casino offers a special bonus code that awards up to €250 for free.
Other providers award free spins in addition to the proportional bonus as a welcome present and offer this reward exclusively to players choosing PayPal. The reason why is that the casinos are well aware of the following: Users that already have an account with PayPal (Europe) S.à r.l. are more likely to deposit larger amounts, which makes them very attractive to them.
However, you shouldn’t be too impressed by the large bonus amounts. That’s because larger bonuses, as are awarded by some Novoline casinos for instance, are usually linked to conditions that are very hard to fulfil. After all, even if a bonus is advertised as a present, the respective casino is hardly just giving money away but instead views the offer as an incentive for the customers to open an account. Naturally, they want to make it as attractive as possible for customers to register with their site. As soon as the customer has signed up, the casino can then also reach them via email or SMS.
For these reasons it’s often better to keep things simple and choose a smaller PayPal bonus. The playthrough requirements for these bonuses are much easier to meet – they are often only 20x or 30x the starting credit.
How PayPal Deposits in Online Casinos Work
Before the deposit can be made, a customer needs to have an account with the respective online casino as well as with PayPal. While there is an option for depositing without registering with PayPal, it will make using the buyer protection afterwards extremely difficult. For this reason we recommend to open an account with the service provider if you don’t already have one. Obviously, you can then use it for making easy payments with other merchants on the internet as well – so it isn’t restricted to companies in the gambling industry.
Which Fees are Connected to PayPal Deposits?
In general, the following applies: Depositing money with a casino is always free for the customer (or in regards to gambling, the player). The fees are therefore covered by the platform’s operator. Depending on which contracts have been negotiated between the online casino and PayPal, it will pay a fee of around 1% to 1.75% plus a fixed amount (€0.35). This is one of the reasons why this payment method can only be used for higher deposit amounts, as the fees for minimum deposits are often disproportionally high.
The same policy applies for withdrawals: Almost all casinos providers cover the fees, so that the full sum is transferred to your PayPal account. However, there are some restrictions as some online casinos charge withdrawal fees. This can either be a fixed amount like €1 or a percentage amount. Sometimes, only one withdrawal per month is free and for all others a fee is charged. This should be clear upfront so that you don’t lose any money when cashing out your winnings.
Which Are Some Reputable PayPal Casinos?
The availability of PayPal doesn’t just add a level of comfort to the use of online casinos. Thanks to the comprehensive investigations that PayPal conducts for each partner company, some of the providers are rejected. Only 100% reputable casinos will pass this process. For the player, this means that he can be sure that all the transactions will be processed correctly. The possibility of making deposits with PayPal is therefore an indicator for the high level of security of an online casino.
Of course, you should still not just trust the casino blindly in operating legitimately. In every case, prior to registering an account you should research the casino’s licence. Where is the casino licensed? Since when is the licence valid? Have there been problems with the regulation authority (e.g. the Malta Gaming Authority) in the past and if so, how were they resolved? These are just some of the most important questions that should be answered before opening an account.
How Long Do Withdrawals via PayPal Take?
While the deposits are basically done in real time and are credited to the account immediately, the withdrawal of your winnings via PayPal can often require a bit more patience. The processing time is pretty much the same as that with other e-wallets like Neteller or Skrill, but the withdrawals still have to undergo the standard procedure of the provider. This means that the following things are examined prior to the withdrawal’s approval:
Have the winnings been created in a correct manner?
Have the bonus requirements been met correctly?
Has the identity of the customer been verified?
Is the withdrawal of the winnings within the limit or is it too low or too high?
Only after the casino’s employees have checked and confirmed these criteria can the withdrawal take place. In regards to the duration, it might differ if it is the customer’s first withdrawal via PayPal or if he has used this method for previous transactions. If it is a recurring withdrawal, then the step of confirming the identity is skipped, which greatly speeds up the process. If no bonus was used, then the playthrough requirements don’t have to be examined. This will also avoid any further delays.
Another important point is the choice of the payment method. In general, the same method should be used for withdrawals that was used for the deposit. This is mandatory in many providers for reasons of preventing money laundering. So if the credit was deposited via PayPal, then this service should be used for cashing out as well. Only payment methods such as paysafecard, which can only be used for depositing, offer wire transfers as a backup solution. After all, you wouldn’t have any way of receiving your money otherwise. However, it is not possible to deposit via paysafecard and then use PayPal for withdrawing the money!
PayPal Casinos with Novoline Slots
There are currently only a handful of online casinos that offer Novoline slots by developer Greentube/Novoline. Things become even more difficult if you’re looking for providers that offer these games together with a PayPal deposit.
That being said, there are still two reputable casinos that have managed to do just that thanks to their extensive experience: Both Europe Entertainment Ltd. (Malta) with its brands StarGames and SuperGaminator as well as Quasar Ltd. (Malta) with their internet offerings Quasargaming and Ovo Casinooffer this combination. However, they don’t offer PayPal in every country so make sure to check if your country of residence is among the list.
Merkur and Bally Wulff Casinos with PayPal Deposits
Players looking to play the popular slots from Merkur and Bally Wulff on the internet have various casinos to choose from these days. Still, if PayPal should be offered as well, then this selection is currently limited to 3 providers. These all belong to the same operator in PlayCherry Ltd. with headquarters in Malta. The 3 brands are Sunmaker, SunnyPlayer and Cherry Casino. All of them offer deposits as well as withdrawals via PayPal. However, with limits of €600 for the deposit, they are not really suitable for high rollers – except if the players repeat the process, which of course makes higher amounts possible. One interesting thing about these casinos is the low minimum deposit: You can start playing from just a single 1 euro minimum deposit!
Conclusion
Due to the strict regulations, only few online casinos are able to offer their customers PayPal as a payment method in 2017. While various igaming companies have already started negotiations, they often fail due to small errors or discrepancies. That’s why casinos that can offer PayPal are obviously very proud of their level of exclusivity. In order to advertise the fact that they are “especially secure” online casinos to their customers, they sometimes offer a special PayPal casino bonus that usually awards free starting credit. It can therefore be very profitable to keep an eye out for the well-known blue logo – especially if one already has an account with PayPal. If that is the case, then the payments will be processed significantly faster than if the account data has to be entered manually.
