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Company Name in the UK: PayPal Holdings, Inc
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Withdrawal Fee: 0 GBP casinos might charge a fee

Main Markets and Currencies

PayPal Smartphone Device ServicesPayPal is used all over the world. They operate in 202 markets and have 188 million active, registered accounts. Worldwide, PayPal supports 25 currencies. Countries not supported include Ghana, Turkey, Pakistan, Iraq, Afghanistan, and they conform to the US economic sanction list.

PayPal is a common method of payment in ecommerce. For example, in 2002 over 70% of eBay auctions accepted PayPal and one in four transactions were made with the service. There are lots of online casinos 2018 that offer PayPal as a payment method, and the security, ease of use, and familiarity of this payment method have made it a favourite among players.

Area of Use

PayPal Use Number 1PayPal is used to pay for goods, services, and commodities in markets all around the world. Sending money from one PayPal account to another is entirely free. It is especial popular with ecommerce because the fees are paid by the merchant not the customer. This has lead the platform to massive success in the retail market. You can buy everything from a meal at a restaurant to an around the world flight with PayPal.

How it works

PayPal Use Number 2PayPal is not a bank, and it will hold all of its customer’s money in an interest generating account. PayPal is sent from one account to another instantly. This second account might be a merchant account or another users account. You can also send money to your own PayPal account, or you can link a bank account, or credit or debit card to your PayPal. If you do this, PayPal will automatically debit your account. To get your money from your PayPal account to a bank account, you need to withdraw it, and this will take 1 – 3 business days.

How to make a deposit

PayPal Use Number 3In your online casino select PayPal as your chosen payment method and enter in the amount that you want to deposit. You need to already have, or go make, a PayPal account to proceed. Next the online casino will ask you for your PayPal email address and password. If you have the money that you are depositing in your PayPal account, then it will be deposited instantly after you confirm the deposit. Alternatively, PayPal will take the money from your linked account or card. The transaction will still be instant if you have already linked them.

How to withdraw

Withdrawing to PayPal is done in a similar way to depositing. Find the PayPal icon in the withdrawal section, and then you log into your account, with your email address and your password, to confirm the withdrawal.  The withdrawal should also be instant, but it depends on how long the casino takes to process your withdrawal request. Getting money for your PayPal to your bank account normally take between 1 – 3 business days, and you need to have a linked account to withdraw.

Thumbs upAdvantages:
– Instant transfer to any online casino with a PayPal account without fees.
– You remain anonymous for the entire process, and none of your banking information is ever shared with the online casino.
– It is one of the most popular online payment methods in the world, and you can take your casino winnings and use the to pay for service in over 200 markets.
– Extremely secure. PayPal has acquired several companies over the years for no other reason than to make their service more secure. They are also held to some of the highest level of security because of their European banking license.

Thumbs downDisadvantages:
– Not accepted in as many online casinos as other online payment methods.
– 1 – 3 days to withdraw your funds from your PayPal account to your bank account.
– If you don’t already have one, you need to register for a PayPal service, and it can take up to a week to verify and link a card with a PayPal account.