The biggest advantage is the fact that a huge number of people already have PayPal accounts. Almost everyone has a PayPal account these days — in fact, PayPal claims 218 million active consumer accounts and more than 17 million merchants. It’s incredibly easy to setup and use, and it can get you up and running in a very short amount of time (i.e, immediately).
PayPal doesn’t require players to deposit money into a PayPal account before making a deposit either, as they can simply take money from your bank automatically. This means that depositing using PayPal can be faster than other similar methods, such as Neteller and Skrill. PayPal is also incredibly safe, and transactions are generally instant.
The biggest disadvantage to using PayPal is the fact that there aren’t loads of PayPal online gambling sites out there – although the number is steadily growing. This is because the provider has a strict vetting process for sites that want to offer their payment option, and many casinos online simply don’t want to go through the hassle of gaining approval. The fact that the vetting process is so strict means that you can be sure that a site accepting PayPal is a completely trustworthy one though.
PayPal transfer fees and exchange rates
All PayPal services come with no annual fee, no setup fee, no PCI compliance fees, and no cancellation fee. The company also offers volume and non-profit discounts. I’ve listed the most important fees below, but you can find a full list of PayPal’s fees here.
Regardless of which plan you are on (Standard or Pro), your transactions fees will be as follows:
- For all web transactions, you pay 2.9% + $0.30 per transaction.
- For all swiped mobile and in-store transactions, you pay 2.7%.
- For all keyed-in mobile and in-store transactions, you pay 3.5% + $0.15.
- For virtual terminal transactions, you pay 3.1% + $0.30 per transaction.
- For mass transactions, you pay 2% up to $1.
- If you are a 501(c)(3), you pay 2.2% + $0.30 per transaction for web transactions.
- For any chargebacks, there is a $20 fee.
Customer Service & Support
PayPal has a bunch of different customer service and support options. All of this is pretty much exactly what I expect from a company that caters to startups and small businesses in the 21st century, but it is nice to see.
Depending on your question of problem, you can check out any of these options:
- Community Forum
- Phone/Email: Judging from the online chatter (see “Negative Reviews and Complaints”), PayPal’s phone support is very inconsistent. Sometimes you’ll get a rep who knows what they’re doing, other times you won’t. My advice is to avoid calling if at all possible. Answers to most common problems can be found with just a little bit of searching. Between the knowledge base, community forum, and quick answers sections, you should be able to find a solution.
Play at a PayPal Online Gambling Site Now
After reading the above, you should now know that there are loads of great reasons why you should use PayPal for gambling online. But how exactly do you find the best PayPal online gambling sites around? The answer is a simple one: read through the list of reviews on this site, and choose the one that is right for you. All of our reviews have been written by experienced online gamblers, and we are not owned by any casino site, so you can be sure that we are completely honest when reviewing a site.
PayPal has loads of great advantages, however the biggest is simply the fact that so many people already have an account, meaning that there is no hassle involved when looking to start real cash play using this payment method. The fees are also more than reasonable, and the security is incredibly good. When all of this is combined, it is clear to see that PayPal is one of the top choices around for online gamblers.
Frequently Asked Questions
PayPal is the world’s biggest online payment company, and it is used by millions of people throughout the world. It has been around since 1998 and it used to be used mainly to pay for eBay purchases. It can now be used to make payments at many different sites though, including a number of great online gambling sites.
PayPal acts as a middleman for payments, meaning that your banking details never need to be shared with an online gambling site. Once you have set up an account, you just need to use the PayPal option at your chosen online gambling site to make a payment. PayPal will then automatically take the funds from your bank account and transfer them to the online gambling site.
Contrary to some people’s beliefs, PayPal do allow online gambling transactions. All online gambling sites looking to offer PayPal must first go through a strict vetting process though, and many sites simply don’t want to do this. The fact that PayPal are so strict does mean that you can completely trust an online gambling site that offers this payment option though.
When you deposit at an online gambling site using PayPal, you can expect the funds to be transferred straightaway. Withdrawals take slightly longer though – generally around two working days – as the online gambling sites take a bit of time to authorise withdrawal requests. Transferring money from your PayPal account to your bank account is usually instant.
Like all other major payment options at online gambling sites, PayPal can be completely trusted to keep your details safe, and they also offer incredibly fast payments. Their fees are also very competitive, although PayPal is more expensive to use than credit or debit cards. PayPal isn’t as widely accepted as most other payment methods though.
You will have to pay some fees when using PayPal, however they are lower than many other payment options. It is free to deposit at online gambling sites using a PayPal account, however you will have to pay a 3.9% charge (plus a small flat fee) when you receive money from an online gambling site. This fee is lower for larger transactions though.
Yes, PayPal is incredibly safe to use, as they spend a huge amount of money on security every year. What’s more, when using PayPal, your banking details will never need to be shared with an online gambling site. To ensure that you always remain safe when gambling online though, only ever play at an online gambling site recommended by us.