If you have ever wanted to know more about playing at a PayPal slots site, this comprehensive guide gives you all the information you need. We discuss all the advantages and disadvantage of playing slots with PayPal, how it stacks cup against other payment methods, as well as answering some of the most common FAQs.
|ACCOUNT||PROS & CONS||PAYPAL vs BOKU||FAQs|
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How to use PayPal to fund your online slots account
Playing at a slots with PayPal site gives UK players a secure, convenient and flexible payment method. It is both easy to set up an account, and to use it as your preferred payment method at your PayPal slots site of choice.
It is free to establish a PayPal account, and all that is required is a verifiable email address, making it one of the most convenient ways to create an ongoing payment method. Once you have set up your PayPal account, you can then either link it to your bank account or to a credit card (or both, if you prefer), so you have options as to how you fund it. There are no fees charged when you operate a personal PayPal account.
Depositing at a PayPal slots UK site
Just as setting up a PayPal account is straightforward to do, making deposits at a PayPal slots site is also quick and simple. The precise steps may vary a little from site to site, but in general the process will run as follows:
The first step is to log in to your casino account, and then go the banking/cashier page. You will then be prompted to select your deposit option, and so you should choose PayPal from the menu. Once this step is completed, you need to enter the sum that you want to deposit, after which you will be directed to a new page.
From here, you will be prompted to log in to your PayPal account, and then asked to confirm the payment. Once you have done this, you will be redirected back to the casino banking/cashier page, where your deposit will be finalised and confirmed.
Once you have made a deposit, you will have the option of establishing PayPal as your preferred payment method.
There are a number of advantages to playing slots with PayPal, which is why it has come to be regarded as one of the most popular banking options at our recommended UK online casinos.
PayPal sites are safe sites
PayPal only allows its services to be used by online casinos who are licensed to operate by a reputable online gaming jurisdiction, and are fully accredited and regulated by the UK Gambling Commission. This is because as an international brand that guards its reputation closely, PayPal takes care that it is only associated with sites who provide players with a safe and secure gaming environment. In order for a casino to partner with PayPal, it needs to have a range of protections for players in place, including policies relating to the storage and use of private and financial information.
Keep your personal and financial details safe
When you play at a PayPal slots UK site, you are able to keep your financial details safe in a way that you are not able to do with some other payment methods. For instance, you are not required to share your banking or credit card details with the casino, which means there is one less place online that they are being stored, reducing the potential for being hacked or having your identity stolen.
Get faster deposit and withdrawals with PayPal
One of the most common reasons that players cite for using PayPal as their casino payment method of choice is that it gives you the fastest deposit and withdrawal times. While most banking methods will credit funds into your casino account instantly as PayPal does, few enable you to get your hands on your money as quickly when you cash out. Once your withdrawal has been completed by the casino, funds are usually available in your PayPal account in a matter of hours, as opposed to the period of several days it can take when employing some other payment methods.
Use PayPal on your laptop or mobile
There are no restrictions on the sort of device or platform where PayPal can be used to add money to your casino account. It can be used just as easily on your laptop, desktop, mobile phone or tablet, so no matter or where or how you you play, PayPal can be your preferred payment method.
A versatile payment method
Even if your aim in setting up a PayPal account is in order to be able to fund your casino account, PayPal is a huge brand that is accepted by retailers and service providers around the world. This makes it a highly versatile payment option that offers you real flexibility.
Use PayPal even if you don’t have an account
If for some reason you choose not to set up a PayPal account, but you nevertheless want the security it provides when you make deposits into your casino account, you can still use PayPal to facilitate your payments. Even without an account, it can be used as an electronic intermediary, enabling you to make credit/debit card payments without having to share any of your personal or financial information with the casino.
Despite the many obvious advantages to using PayPal, there are nevertheless some drawbacks to making it your preferred payment method.
Not always eligible for welcome bonuses
It’s important when you are considering signing up to play at a PayPal slots UK site that you read the T&Cs relating to the welcome bonus. This is because at some sites using PayPal to make your initial deposit into a new account renders you ineligible to claim the introductory offer. This is not always the case, so it pays to take the time to be clear about this in advance.
PayPal not universally accepted
In the past, PayPal has had a lukewarm relationship with online gaming, and for a time it was not possible to use it at any online casino sites. However, since 2014 this situation has changed, and PayPal is now far more widely accepted than ever before. At the same time, it isn’t automatically available at all of our featured slots sites, so check out our casino reviews and a site’s T&Cs before you sign up in order to ensure that PayPal can in fact be used.
Overall, we tend to prefer PayPal as a payment method over Boku. Both have their advantages and drawbacks, but on the whole we think that the positives associated with using PayPal outweigh those you have when using Boku.
One of the main reasons for this is that there are no restrictions as to how much you can deposit using PayPal, whereas with Boku you can only deposit a maximum of £30 per day. Another plus in favour of PayPal is that it can be used for both deposits and withdrawals, whereas Boku is only available for deposits.
However, the convenience of Boku, in that your deposits are automatically added to your phone bill (or taken from your pay-as-you-go balance), means that it is very simple and straightforward to use, with little required on your part e.g., you don’t have to set up and manage another account, or remember another password and set of login details.
Below are answers to some of the most common questions that players have about using PayPal.
How safe is PayPal?
PayPal is renowned for being an extremely safe payment method, offering levels of encryption and security that are second to none. In addition, it acts as an intermediary between you and the casino (or any other online supplier you are doing business with), so there is no need for you to share your bank or credit/debit card details. This means there is one less place where your financial information is stored, reducing the risk of your being hacked.
Does PayPal charge fees?
There are no fees for setting up a PayPal account, nor are there any ongoing usage charges. Likewise, there are no fees when you make a deposit into your PayPal slots UK account. Similarly, if you transfer money from your PayPal account to another account holder, you are not charged.
The only fees associated with operating a PayPal account if you’re a UK slots player is when you withdraw to a credit card. The fee for this is 3.4%, plus a fixed fee of £0.20. However, you are not charged when you withdraw from your PayPal account to your bank account.
How long do withdrawals and deposits take?
One of the biggest advantages of playing slots with PayPal is that it is amongst the fastest deposit and withdrawal methods. When you make a deposit into your casino account, funds are cleared and available to play with instantly. When you make a withdrawal request, once it has been completed by the casino, your funds will become available in your PayPal account within hours.
This is faster than many alternative payment methods, most notably credit/debit cards and direct bank transfer. It can take up to 5 working days for money to become available in your account when withdrawing to a credit card, while it can be up to 10 working days before you get your money using direct bank transfer.
It should also be borne in mind that some payment methods, unlike PayPal, can only be used for deposits and aren’t an option for withdrawals
What are the minimum and maximum deposit amounts with PayPal?
PayPal does not impose any limits on players as to how much you can either deposit or withdraw at any one time. However, you need to bear in mind that our recommended casinos all have minimum deposit amounts (usually around £10 or £20), and there will also likely be daily, weekly or monthly withdrawal limits in place. Check the T&Cs to get more information.
If I deposit with PayPal, do I have to use it for withdrawals as well?
In order to meet the requirements of international money laundering legislation, most of our recommended online casinos have regulations in place that mean you need to use the same method for withdrawals as you use for deposits. Therefore, if you use PayPal to add money to your casino account, you will also be required to use it to make withdrawals.