PayPal is likely to be familiar to many in the UK, however some players may well be unaware that it is now an accepted method of banking on a large number of casino sites. The ease in which both deposits and withdrawals can be made means that many have already switched to using PayPal, with the speed also making the platform more appealing than more traditional forms of payment, including credit and debit cards. This page will take a detailed look at the leading casino sites accepting PayPal today, along with the pros and cons of the online payment system. Firstly, the following is a list of the best casino sites in the UK currently using PayPal.
Best UK PayPal Casino Sites
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What is PayPal?
PayPal is now undoubtedly the leading online payment system in operation today, however jsut how did they reach this position. The following are among the most important points surrounding PayPal and their history:
- PayPal was founded back in 1999.
- PayPal is licensed and regulated in the UK by the Financial Services Authority.
- According to their website, some 173 million people now use PayPal worldwide.
- PayPal operates in over 200 different countries, using 21 currencies.
- PayPal allows its customers to process payments without having to enter their bank details each and every time.
- Users can send money anywhere, including to and from casino sites, in just the click of a button using PayPal.
PayPal in the UK
Back in 2008, PayPal Europe received a banking license from the country of Luxembourg, which meant it was allowed to operate across the EU. Their services are also regulated by Luxembourg’s Banking Supervisory Authority, having been monitored by the Financial Services Authority in the UK since 2004. PayPal is now one of the leading payment systems in the UK, especially when it comes to the world of iGaming. Meanwhile, in the summer of 2019, PayPal launched its first debit card in the UK, offering holders instant access to their funds both both online and physical purchases.
Pros and Cons of Using PayPal as a Payment Method
The reasons as to why you should use PayPal at casino sites certainly outweigh any negative factors surrounding the e-wallet platform, however the following are the main pros and cons uncovered by our testing of this payment method:
Sign Up in Minutes – Casino players considering using PayPal to deposit and withdraw funds can register with the online payment system in just a matter of minutes, with just an email address and small amount of personal details being required. Once verified, players can transfer funds immediately.
100% Secure – PayPal have a number of security measures in place, including encryption technology, meaning that all transactions processed are done so safely. Meanwhile, the fact that players are not required to add their bank or card details to their casino account adds another layer of protection.
Limits – PayPal generally caters for both beginners and high rollers on casino sites, with deposits sometimes starting at as little as £5, while as much as £37,500 can be deposited. Those looking to take home their winnings using PayPal are also likely to be satisfied with the limits that are in place.
Mobile App – PayPal is not only available on desktop, with both a dedicated app and efficient mobile site allowing users to process payments from their handheld device.
Bonuses – The majority of casino sites today will offer some form of welcome bonus in an attempt to entice players into registering, however opening deposits made using PayPal will sometimes mean that customers are ineligible. As a result, an alternative must be found.
Fees – Those using PayPal on a regular basis could potentially incur some small fees, especially when looking to withdraw large amounts of winnings.
New PayPal Casino Sites
While there are a large number of casino sites offering PayPal that have been in existence for decades, there are also a small number of newcomers offering it as a payment method. Casimba Casino was only founded back in 2017, however the site which offers games from over 20 different software providers also delivers PayPal as a method of depositing and withdrawing funds. Meanwhile, CasiPlay was established in 2018, quickly making an impact as a result of its large games library and generous bonuses, while those in the UK can also process payments using PayPal on their platforms. The likes of Gate 777, Mr. Play and Sloty are just a handful of the other new casino sites which use PayPal today.
How Does PayPal Work?
PayPal is a platform that allows users to both send and request money online, including at casino sites. Customers must link either their bank card or account to their PayPal account, with cash being able to spend online or transfer to a specific bank account. Upon processing a payment, users must log in to their PayPal account in order to confirm the transaction, with financial details never being available to casino sites. In terms of sending money, all that is required is an email address, which is linked to each individual PayPal account. Those receiving a payment via PayPal will receive a notification through email too.
PayPal Fees
While signing up for a PayPal account is completely free, some fees may be incurred by users, depending on the type of payments that are made. Personal payments are free when funds from a PayPal or bank account are used, however those using a credit card are likely to be charged a small fee. Meanwhile, those depositng and withdrawing funds at casino sites may be at risk of being charged a fee, however this is likely to differ from casino to casino.
PayPal Account Registration
As we have already eluded to, signing up for a PayPal account is a simple task, with the entire process taking just a matter of minutes. Breaking it down into simply terms, the following points must be completed in order to gain access to the services in which PayPal offer:
- Enter the PayPal website or download the PayPal mobile app.
- Select the Sign Up option, located in the top right hand corner of the screen.
- Select the “Personal Account” option, rather than a business account.
- Complete the relevant personal details, including full name, email address and password.
- Choose to enter your bank card details or wait until a later date.
- Verify your new account via email.
PayPal Alternatives
For those who are not convinced by what they have read concerning PayPal so far, there are undoubtely some appealing alternatives when banking on casino sites. The following are just a sample of the other payment methods available to casino players in the UK today:
Skrill – In a similar way to PayPal, Skrill facilitates online payments on an international basis, with the Paysafe Group-owned company also being regulated by the Financial Conduct Authority in the UK. Skrill supports over 40 different currencies, while users can also purchase pre-paid cards, which are linked to individual accounts.
Credit/Debit Card – Those looking for a more traditional form of payment may well choose to simply use a credit or debit card, which are issued by banks and other outlets across the country. Deposits made using this method are instant on casino sites, while withdrawals will likely take up to 5 working days to process.
Trustly – Swedish organisation Trustly is another which allows its customers to make payments through their bank account, with an increasing number of casino sites having added the platform to their list of accepted payment methods.
PayPal Casino Bonus
While some online casinos terms and conditions state that deposits made using PayPal will make players ineligible for any potential welcome bonus, there are still a number of sites that offer bonuses to customers depositing in this way. Those depositing using PayPal at VideoSlots are in with the chance of earning a 100% up to £200 bonus, while 888Sport are another casino offering a generous bonus to PayPal players. Meanwhile, Karamba Casino, one of the leading iGaming sites around today, offer a bonus of up to £200 for those making opening deposits using PayPal.
Tips and Tricks
When using PayPal, there are a number of tips and tricks that can be utilised in order to make the most out of the payment method. Some of these points including the following:
- Look into the terms and conditions of an existing or potential casino before using PayPal, with the ability to take advantage of bonuses and potential fees likely to impact your ultimate decision.
- The limits available when using PayPal will differ from casino to casino, so be sure that the available amounts fit in with your budget and objectives.
- Be sure to download the PayPal mobile app, as this is perhaps the most efficient platform for those looking to quickly process deposits and withdrawals.
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PayPal FAQ[/bluebox]
The following are answers to some of the most commonly asked questions surrounding the use of PayPal on casino sites.
In order to deposit using PayPal, players must first create an account, before linking either their bank or card details to it. Having done so, deposits on casino sites can be processed in just a matter of seconds.
All of the casino sites discussed on Allvideoslots are fully licensed and regulated, meanig that they are both reliable and trusworthy. Check out our casino reviews to see which casino sites offer PayPal as a deposit method.
Deposits made using PayPal are instant on casino sites, while withdrawals are generally processed within just 24 hours.
PayPal is regulated by the Financial Services Authority in the UK, making it completely legal.
One of the best things about using PayPal is that players are not required to share their specific bank details with casino sites, adding another layer of protection as a result.
Whether it be on their easy to use mobile site or dedicated app, players can process both deposits and withdrawals using handheld devices.
Final Words on PayPal Casinos
PayPal has long been the leading online payment platform, meaning that it comes as little surprise that an increasing number of casino sites in the UK are now offering it as a method of banking. Payments are quick, convenient and secure, with a large number of players now preferring PayPal, even over bank card transactions. Players are also unlikely to incurr any significant fees, making playing casino games online all the more enjoyable.
