Paypal Slots Sites

Paypal is currently the most well-known eWallet services provider used by online casinos in the UK, although perhaps it is not the most populous (that title belongs to Skrill). PayPal is though the most popular eWallet services provider upon the globe. Thanks to the popularity of online auction site eBay, most people in the UK who make any kind of purchases online will have a PayPal account.

For many years PayPal refused to allow online casinos to use their services to enable players to fund their casino and slots activities. This changed though in the mid 2010s, probably when PayPal worked out how much potential revenue they were losing because of their ‘no gambling’ policy.

PayPal began life as ‘Confinity’ in 1998. In 2000 Confinity merged with Elon Musk’s X.com and in 2001 the combined company became PayPal. PayPal was then adopted by emerging online auction site eBay as its online payments system, and was bought by eBay in 2002 for $1.5 billion. PayPal continued as part of eBay until 2015 when it was spun off as a separate company.

Today PayPal has over 305 million users all over the world and annual revenues close to $18 billion.

Why Use PayPal at Online Slots Sites?

There’s always an element of risk using a debit card, credit card or your bank account at any online casino. Sharing your financial details online can be problematic, as you can never be one hundred percent sure that sensitive information may end up in the hands of the wrong person. All financial organisations take steps to make use transactions are strongly encrypted, but no encryption service is 100% secure.

With PayPal (and other eWallets) you can create a ‘buffer’ between your bank account or your debit card or credit card account, and the online casino you are depositing money at. You send the money from your bank account to PayPal, and then from PayPal to the online casino. This means that should your PayPal account get hacked it is only any money you have stored in your PayPal account that is under threat, not the money in your bank account.

You may be able to turn on ‘one click’ when using PayPal if you wish to do so. This means that once you have authorised a PayPal transaction at your online casino, you will not have to authorise the PayPal transaction at PayPal. This is purely optional though, and for an extra layer of safety and security we here at JustSlots recommended that you do not turn on ‘one click’ when using PayPal at any online casino, slots or bingo site.

Advantages

  • Very easy to set up and use, and you probably already have a PayPal account
  • Adds a layer of protection between your online casino and your bank/debit/credit card account
  • You can withdraw to PayPal accounts as easily as depositing from them

Are there any disadvantages?

  • All online transactions – even online PayPal transactions – carry an element of risk
  • If you turn on ‘one click’ it is perhaps too easy to deposit money from your PayPal account

Is it easy to use PayPal at Online Slots Sites?

Deposits

It is incredibly easy to use your PayPal account at online casinos that accept PayPal payments. When the time comes for you to deposit some money, just choose PayPal as your payment method of choice and choose how much you want to deposit, then enter your PayPal-linked email address. A pop-up window should appear from PayPal asking you to confirm the transfer. Once you have done that, your money should be available in your casino account almost instantly.

Note: Since 2006 PayPal has offered credit payment facilities. You will not be able to use PayPal credit at any online casino that has a UKGC licence.

Withdrawals

You will need to have made a deposit from your PayPal account before you can withdraw to it. You cannot use your PayPal account for withdrawals alone. When you want to make a withdrawal, choose how much you want to withdraw and select PayPal as your withdrawal method. You should not need to accept the transaction from PayPal’s end as you are paying money into your account, not taking money out of it.

Most PayPal withdrawals should be complete within three days. The best online casinos process PayPal withdrawals within an hour, and some practically in an instant.

Fees

PayPal may charge you to use its services. If you are deposit or withdrawing, you may find that a small percentage of your PayPal balance is taken and paid to PayPal. The online casino, slots or bingo site you are using PayPal at should not charge you for depositing or withdrawing using PayPal.

FAQs

Q. I don’t have a PayPal account. Is it easy to set one up?

A. It is very easy to set up a PayPal account as all you need is a valid email address. You can fund your PayPal account once you have set it up by linking your bank account or a debit card to it.

Q. I hear PayPal is going to be withdrawn as an available payments service by the UKGC. Is this true?

A. There have been rumours that the UKGC have pressured PayPal into banning the use of their services for online casinos. This is because PayPal offers credit facilities and players can link credit cards to their PayPal account. At the time of writing though, this has not happened.

Q. I want to use an eWallet for funding my online gambling, but I don’t like PayPal. Are there any alternatives?

A. There are countless alternatives to PayPal when it comes to eWallets. If you are in the UK, the two main alternatives you should consider are Skrill and Neteller.

Bottom Line

If you do not want to use your bank account or debit card account at an online casino then PayPal is your next best bet. The number of online casinos that accept PayPal is growing on a daily basis, so finding one where you can make PayPal transactions should be extremely easy. Just remember, PayPal money is real money, and you should always use the facility only if you intend to gamble responsibly.

PayPal Slots Sites:

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