PayPal Online Casino Banking Review

PayPal Casino Banking

PayPal gambling is an incredibly simple and easy way to wager online. When you use PayPal as your main funding source you benefit from the ability to withdraw your funds using PayPal and receiving access to that money very quickly.

Why Use PayPal?

In most situations you have to wait for two sets of things to occur before you can spend your money. The first is for the casino itself to process your withdrawal request. The second is for your banking method to process the funds that are being transferred. With some banks for example the money you want to withdraw could be processed by the casino within 24 hours but your bank could take 7 to 10 days for that money to appear in your account. With PayPal you get much faster processing times than almost any other method. PayPal typically has a maximum of twenty-four hours before that money is available which means you can withdraw money from a casino online that has a very fast processing time and within a matter of days have that money available to spend.

PayPal exist globally. You can use it in Canada not only to make local purchases but to make casino payments and otehr international purchases online. Moreover, when you open a PayPal account you can link it to your bank account and if you so choose select one of two options for faster spending. With your PayPal you can choose to transfer the money from the account to your bank account, a process which generally takes between one and three business days. Then you can spend the money the same way you would any money in your bank account. The other option is to request a debit card linked to your PayPal account which allows you to instantaneously spend the money once it is available in your account.

Sign up for PayPal Casino Banking

Some Canadian casinos give you a PayPal online casino banking bonus. That is to say that you get a PayPal bonus if you use your PayPal service. Signing up for PayPal is simple. You go to the website and click on the sign up button. At that point they will ask you to provide certain information about yourself including your name, address, date of birth, last four digits of your Social Security number, and your bank account information. Once that has been processed and approved you can immediately start using the service.

How to Use a Paypal Online Casino

To use PayPal for a PayPal Casino, you simply have to transfer money from your bank account, a linked debit card or credit card, or another bank account that you have linked such as a savings account rather than your checking account. You move the money from those sources into your PayPal account. Once the money is in your PayPal account you can send that money to the casino.

When you are ready to make a deposit or withdrawal  for your top PayPal casino you simply go to the cashier section of the casino website and click on the appropriate links. The website might use words like banking or payments rather than cashier, but they all do the same thing. Then select the option for Paypal.  You will be redirected to log into your PayPal account at which time you can simply approve the payment and after a few minutes received notification that everything is cleared.

Using PayPal casino options is not only faster but it is significantly safer. Even though online casinos today offer great security measures and are very reliable and safe, most  westerners still hesitate to disclose banking information like a routing number. But with a service like PayPal you don't have to disclose any personal banking information. You just type in the email address and the password associated with your PayPal, it redirects you to your PayPal, and you submit whatever amount of money you want. If you decide to use PayPal long-term you can apply for PayPal credit. This links to the same PayPal account and is based on your credit score. Of particular note is the fact that you can use your PayPal credit for any online purchases in exactly the same way that you would use any money in your regular PayPal account. The difference is with PayPal Credit you don't pay any interest on the money you use as long as it gets paid off within six months. And that isn't a one-time offer. That remains effective the entire time you use it. What's more you can send cash the same way you would send cash from your PayPal account for a nominal fee. So you can use your PayPal credit online to fund your Casino and then transfer your winnings back to your PayPal and use those winnings to pay off the credit that you use within 6 months, and you won't be charged any interest.

Processing Times and Fees for PayPal Online Casinos

When you use PayPal the processing time is incredibly fast. You will have the money from your online account in your PayPal account likely within one day depending on what time of day you submit the process. If you choose to move it from your PayPal to your bank account that could take between one and three days.  When you are moving money from PayPal to the best PayPal casino there typically is no fee involved. The fee that you have to pay is a percentage of the total you are withdrawing. So, when you take your cash winnings from the casino and move them to PayPal it looks just like any other deposit to PayPal and that means they charge you between 1 and 5% of the total amount.

Pros

  • You can withdrawl quickly.
  • You credit or send cash from your account.
  • You can connect your account to a debit card and instantly use money without having to move it into your bank account.

Cons

  • There are still waiting periods between transferring the money from PayPal to your bank account.
  • There are nominal fees each time you make a withdrawal from your online casino.

Sign up today and get a PayPal bonus from your online casino!

 

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