PayPal has established itself as one of the most popular payment methods at real money online casinos. It’s fast, free, and highly secure. Read on to learn more about PayPal online casinos, how to use this payment option, and its key pros and cons.
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How to Deposit with PayPal at Online Casinos
Depositing with PayPal at an online casino is simple. For example, follow these steps at DraftKings Casino:
- Open the Deposit Page
Click the “Deposit” button at the top of the mobile app or website. Choose a deposit amount, either by selecting a prepopulated option or entering a custom amount. - Select PayPal as Your Method
You will see PayPal listed as one of the available deposit options. Click or tap on the PayPal button and hit “Continue.” You’ll be redirected to the PayPal gateway. - Authorize the Payment
Log into your PayPal account and authorize the payment. You’ll then be redirected back to DraftKings Casino, and the funds will instantly appear in your account balance.
How to Withdraw Winnings with PayPal
PayPal is one of the fastest withdrawal methods for many online casinos. Here’s how to withdraw via PayPal at DraftKings:
- Visit the Withdrawal Section
Click your profile icon and select “Withdraw.” You’ll see your withdrawable balance. Enter the amount you want to withdraw and click “Continue.” - Select PayPal as Your Method
A range of withdrawal options will be available. Select PayPal if you’ve used it for a deposit. Enter your PayPal email address and hit “Request Withdrawal.” - Wait for Your Funds to Arrive
DraftKings processes withdrawals daily from 9 a.m. to 5 p.m. ET. PayPal withdrawals can take up to two days, but typically they take less than 24 hours. Once the payment is approved, funds should arrive in your PayPal account within minutes. You can hold the funds on PayPal or transfer them to your bank account for free, unless you’re withdrawing to a debit or prepaid card.
Pros and Cons of Using PayPal Casinos
Pros:
- PayPal is an instant, secure deposit method at all leading online casinos.
- It is often the fastest withdrawal option at online casinos.
- Casinos do not charge fees for PayPal deposits or withdrawals, and you can transfer funds to and from your bank account for free.
- Many players find PayPal more secure than cards, as it eliminates the need to enter card numbers and security codes online.
Cons:
- Setting up a PayPal account for the first time can be time-consuming.
- Although highly secure, PayPal’s buyer and seller protection team can sometimes be overzealous.
- While PayPal has broad payment limits, high rollers may prefer alternative methods, like wire transfers, for larger transactions.
- PayPal is not FDIC-insured, so it’s not advisable to keep funds in your wallet for extended periods.
PayPal Online Casino Transactions FAQ
Can I Use PayPal at Online Casinos?
Yes, you can use PayPal at most leading online casinos in the U.S., including BetMGM, DraftKings, Bet365, Golden Nugget, FanDuel, Caesars Palace, and Bally Casino. PayPal supports instant deposits and is one of the quickest withdrawal options.
What is the Minimum PayPal Deposit at Online Casinos?
Most online casinos set a $10 minimum deposit for PayPal. However, DraftKings Casino allows deposits as low as $5.
What is the PayPal Withdrawal Limit at Online Casinos?
You can withdraw up to $60,000 via PayPal at the top online casinos. This limit is set by PayPal, not the casinos.
Is PayPal Free?
Yes, it’s free to send and receive money via PayPal. Fees only apply for currency conversions or when sending funds to your bank account using a debit or prepaid card. Transferring directly from PayPal to your bank account is free.
Is it Safe to Use PayPal at Online Casinos?
PayPal is one of the safest payment options at online casinos. You don’t need to enter card details on web forms, as you simply log into PayPal to confirm deposits. PayPal uses robust security measures like TLS connections, data encryption, and advanced fraud detection technology.
How Do I Find My Transaction Information on PayPal?
Open your PayPal account and click “Activity” at the top of the page. You can search for transactions by setting the start and end date, or by using filters to narrow down your search by transaction type.
