PayPal Casinos FAQ
Is PayPal Safe?
PayPal takes security very seriously, as you would expect for a company that processes millions of dollars every single day. They have some of the tightest security you will find and there are also meditation systems, buyer protection, seller protection, fraud protection, and other systems in place to ensure peace of mind.
Is it Worth Getting a PayPal Business Account?
If you plan on selling a product or a service using PayPal then sure, but if not, there is no need. Some members seem to think that a PayPal business account is simply an updated and improved version of a standard PayPal account. To an extent this is true, but the updates and the improvements are all related to online business and if you’re using PayPal to receive and send money, you don’t need it.
Is PayPal Fast?
PayPal is very fast. As mentioned above, not only are deposits instant, but withdrawals are too, with the casinos being the only ones to slow proceedings down.
Is PayPal Cheap?
If you are making a deposit then you won’t pay any fees and if there are fees for this it’s because the casino has added them. There are some withdrawals that will incur a fee, but with most gambling sites this will not happen and you will get the money that you withdrew.
It is also free to withdraw to a bank account.
What is the Minimum Transfer on PayPal?
Most casinos will not accept deposits of less than £10 and the same usually applies to withdrawals. PayPal will let you go lower than this, but the casinos won’t.
What is the Maximum Transfer on PayPal?
It depends on currency and verification status. If you are not verified then you will be limited with both withdrawals and deposits. The exact figures have changed a lot, from being able to withdraw no more than $500 a month way back in 2011, to around $1,500 in total in 2016.
Throughout this time you have also been limited to receiving no more than $2,000. These days they are more lenient with non-verified accounts and give complete freedom to verified ones. As far as we know, there are no limits on verified accounts, but many gambling sites restrict transactions to $10,000.
What is the Maximum Transfer on PayPal?
It depends on currency and verification status. If you are not verified then you will be limited with both withdrawals and deposits. The exact figures have changed a lot, from being able to withdraw no more than $500 a month way back in 2011, to around $1,500 in total in 2016.
Throughout this time you have also been limited to receiving no more than $2,000. These days they are more lenient with non-verified accounts and give complete freedom to verified ones. As far as we know, there are no limits on verified accounts, but many gambling sites restrict transactions to $10,000.
Can I Use PayPal Gambling Earnings to Shop?
Of course! That’s one of the beauties of PayPal. As soon as the money is in your PayPal account it can be used to make purchases, to deposit on more gambling sites or to withdraw to your chosen method.
Is PayPal the Best for Online Casinos?
It is one of the best, but whether you think it is the best or not is down to preference. It will depend on where you live, what you want from a payment provider, which sites you plan to use it on and what source you wish to fund it with.
Do All Online Casinos Use PayPal?
No. In fact, many of them seem to prefer Skrill, which is perhaps a remnant from the days PayPal didn’t allow its service to be used on online gambling sites but Skrill did. A lot of online gamblers and casinos turned against PayPal in those days and those issues remain for some of them.
What Currencies Does PayPal Support?
There are a huge number of currencies available on the PayPal platform, more so than any other payment provider in fact.