The PayPal website is currently the world’s preferred online payment processor. Millions of businesses pay employees, contractors, and bills through this secure and trusted site, and many millions more send money to pay for online auctions or even to provide family or friends with needed cash. Naturally many casinos are allowing PayPal accounts to be used to fund and withdraw customer accounts too. Just like many banks, however, the PayPal Company does have legal concerns about casino gaming in the United States, and as of this writing there are no options for American gamers to use PayPal in online casino locations.
For all other locations, however, the PayPal funding option can be remarkably convenient. By simply registering the casino’s information at the PayPal site the player can begin using their account to pay funds into their casino account, or they can just as easily request deposits to made in the form of withdrawals on their winnings. This is usually a way to override any credit card companies who reject requests from casinos, because the actual funding requests are coming from PayPal and will not fall under the same scrutiny.
Before jumping ahead, however, it is important to take a look at the way a player can begin to use their PayPal account at a casino, and the potential for bonus payments too. When a player chooses their casino, they must first register for an account. This is a crucial moment because it often asks the player to accept their bonus points, and if they don’t manage this correctly they might lose out. For this reason it is pretty important to have the payment method lined up in advance, and all PayPal data (such as the certified email address on the account) should be at hand during the casino sign-up process.
Before selecting a casino it is a good idea to do a bit of comparison shopping to see which is offering the largest and most easily earned bonus at the time. While a 500% bonus on an initial deposit is tempting, it may be much easier to actually get the funds through a less ambitious program. For example, some sites offer a set bonus for a specific amount, i.e. $75 for a $500 deposit. If you are not an experienced player it may be better to accept terms that are more of a “sure thing” such as those just described. If, however, you are an experienced gamer it is important to note the requirements for earning the bonus cash and make sure that you meet them.
Remember too that you may see the bonus funds in the account, but few casinos view these in terms of “real” cash, which means you won’t usually be able to withdraw them. While many casinos have minimal withdrawal amounts (usually in the area of $250) they tend to honor requests for less, though these often come with a heavy fine (up to $50) tacked on to them as well. For these reasons it is important to understand the terms on the account and the best way to avoid penalties when using PayPal to conduct casino transactions.
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