Using Paypal for minimum deposit at online casinos
Paypal is one of the most popular payment methods all over the Internet, not just at online casinos. With Paypal, you can make purchases at online stores, pay your friends, draft invoices, receive donations and so much more. Paypal was founded already in 1998 and it quickly became to be one of the easiest ways to pay online. Even online casinos have started to accept Paypal, and it’s no wonder: it has millions of users all over the world.
In fact, many online casinos accepted Paypal years ago. However, after 2003, as a result of increased regulation and its merger with eBay, Paypal didn’t offer its services at online casinos anymore. It has slowly come back to the market, now selecting online casinos it works with very carefully.
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How To Use Paypal
Before you can make deposits at online casinos with Paypal, you have to have your own Paypal account. Opening your account is fortunately very easy. You have to fill in a registration form with your details, such as name, address, country and other details. Note, that after you’ve selected your preferred country, it can no longer be changed.
Next, you have to confirm your account and link your bank account or debit card. You can add your cards easily and start making deposits at online casinos, however, you should also verify your payment methods to increase your deposit and withdrawal limits.
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Making Deposits At Online Casinos via Paypal
After you have opened your own Paypal account and your account has been confirmed and verified, you can start making deposits. The good thing about Paypal compared to some other e-wallets is, that you don’t have to have money in your Paypal account before you can make payments. Instead, you just have to have money in one or all of the linked cards and accounts.
When you log in to your online casino account, choose Paypal as your deposit method. The casino will redirect you to Paypal and you have to log in with your email and password. Then, Paypal will ask how you’d like to fund the account. You can either choose your Paypal balance or any of the linked cards and bank accounts.
After confirming your deposit, the money is in the online casino account immediately. Usually, online casinos require a minimum deposit of at least £10 for Paypal, but some casinos may accept smaller deposits, such as £5. For Paypal, however, the minimum payment can be as little as £1. All deposits made with Paypal are completely free.
This is how you deposit at online casino with Paypal:
- Open an account
- Verify your identity with Paypal
- Link your cards or bank account
- Make a deposit
Benefits of Using Paypal
When depositing with Paypal, you can make very small minimum deposits. If the casino doesn’t have a minimum deposit limit, you can deposit as little as £1. Whatever sum you choose to deposit, you can rest assured that there are no fees involved. Also, the money is in your online casino account immediately and you can start playing.
Paypal deposits are very easy, as you don’t have to remember your credit card number or carry the card with you. Instead, Paypal stored them safely in your account, so you can make payments whenever.
Paypal is also 100% safe and secure. It is widely used all over the world and it’s one of the most trustworthy e-wallets in the market. Paypal also picks their online casinos carefully and they don’t cooperate with any casinos that they haven’t redeemed 100% safe and trustworthy.
Cons of Using Paypal
Not all online casinos offer deposits through Paypal. This is because Paypal is very choosy about who they work with, so it can be challenging to find online casinos that offer Paypal.
Paypal Withdrawals
Paypal withdrawals are generally speaking instant. After the online casino has processed your withdrawal request, your winnings are in your Paypal account in a matter of minutes. This is one of the fastest ways to withdraw winnings from online casinos.
Also, withdrawing money from online casinos with Paypal is free. Paypal doesn’t charge you any fees, though the online casino you play at may do so. Withdrawal limits are also quite high for Paypal, especially if you have verified your account.
Paypal doesn’t have a minimum withdrawal limit, so technically, you could withdraw as little as £0,01. However, online casinos tend to set their own limits to about £10-20.
- Withdrawal fee: £0
- Withdrawal time: Instant
- Minimum withdrawal amount: £0,01
Conclusion
Paypal is one of the worlds most commonly used payment methods. You can make payments at online stores or even pay for your flight tickets sometimes. It’s no wonder that online casinos would gladly accept Paypal payments. However, Paypal is a bit picky about who they choose to work with and thus can be hard to find at online casinos.
But, Paypal is by far one of the fastest, easiest and most convenient ways to deposit at online casinos.
