Getting started with PayPal at an online casino
The first step to using your PayPal wallet to make transactions to your online casino gaming account is to register for a PayPal account. If you don't have your PayPal and want to enjoy the benefits of PayPal casino, you can't do without registration. Setting up an account is free.
Setting up a PayPal account
- First of all, you need to have a separate PayPal account. You can only set one up on the official website.
- You will need your payment card, whether virtual or physical, to register for PayPal.
- PayPal will also require you to provide a phone number for verification, email and your personal information.
- You can then open your PayPal wallet and deposit funds into it at your discretion.
Sending money to PayPal casino
You have now created a PayPal account that you have linked to your credit card. But how do you transfer funds to the account at your chosen online casino?
- Log in to your online casino that supports PayPal transactions.
- Select PayPal as the deposit option and enter the amount to be transferred.
- Confirm the transaction and wait - the money will usually be credited to your online casino account from PayPal within a few seconds.
Advantages of PayPal payments at an online casino
Fast transaction processing, excellent security and ease of use make PayPal the ideal choice. This is especially true for online casino players looking for a reliable and anonymous method for deposits and withdrawals.
PayPal account security
A PayPal account offers advanced encryption and security. This protects not only your personal information, but most importantly, the funds in your PayPal account. Withdrawals and deposits to PayPal casino are therefore safe.
Anonymity of PayPal deposits and withdrawals
All transactions from the online PayPal casino are credited to your PayPal account and therefore your financial movements are anonymous. The condition is not to exceed ₹238 per year.
Casino withdrawal and deposit rates
The transfer of funds is almost instantaneous, which means you can play at PayPal casinos without significant time delays - this can be especially useful when playing at a live casino.
Easy payments via PayPal
With a PayPal account, deposits and withdrawals are not only fast, but also easy. With just a few clicks, you can move money to a PayPal casino in seconds.
Bonuses at PayPal casinos
Some online casinos offer an online casino bonus as part of your deposit via PayPal. The online casino bonus is often beneficial for newly registered players.
Disadvantages of PayPal payments at an online casino
Although using PayPal at casinos brings with it mostly advantages for gamblers, the PayPal account itself also includes some disadvantages. Nevertheless, PayPal remains one of the most reliable online casino money transfer solutions.
Availability
Not all online casinos accept PayPal transactions, which may limit your options when choosing a suitable PayPal casino.
Fees
- Some casinos charge fees for PayPal withdrawals.
- PayPal charges a currency conversion fee if you use a foreign currency transaction. This is specifically an extra 3% over the current exchange rate.
- If you don't log in to your PayPal account for 12 months, PayPal will deduct approximately £290 from your available funds.
"PayPal introduced fees for inactive accounts in 2020 and earned a wave of criticism for doing so."
Taxing PayPal casino winnings
Although PayPal offers anonymous transactions, any winnings from the online casino are subject to taxation once the annual limit is exceeded. As part of the tax package update, this limit for taxation of winnings is set at ₹1,90,642 per year from 1 January 2025.
Comparison of PayPal with other online casino payment methods
Online casinos offer many different options for transferring financial transactions, whether it's a deposit at a branch or a classic card payment. We have therefore provided you with an overview table in which we have compared the most commonly used payment options at online casinos. In the table you will find a comparison of not only the speed across payment methods, but also the level of transaction security, disadvantages and financial limits.
|
Payment method |
Speed |
Security |
Disadvantages |
Limits |
|
PayPal |
Fast |
High - advanced encryption |
Some online casinos do not support PayPal, possible fees |
According to PayPal account |
|
Payment card |
very fast |
Medium - SMS code confirmation |
Risk of sharing financial data with third parties |
₹38,12,842 |
|
Deposit at a branch |
time consuming |
high - direct deposit |
need to physically visit the branch |
Depending on the specific branch |
|
Online bank transfer |
fast |
high - internet banking |
limited to customers of a specific bank |
According to specific bank |
|
Skrill |
Fast |
high - encryption |
some online casinos do not support Skrill, possible fees |
₹3,81,284 |
|
Bitcoin |
fast |
high - decentralization of cryptocurrency transactions |
volatility, not all online casinos support cryptocurrencies |
- |
|
fast |
very high - tokenisation and biometrics |
not all online casinos support Apple Pay or Google Pay |
Up to ₹38,12,842 |
|
|
Paysafecard |
Instant |
High - prepaid card |
Cannot withdraw funds, limited anonymity |
₹91,508 |
|
Pluso |
fast |
medium - basic encryption |
possible transaction fees, not available at all online casinos |
₹38,12,842 |
Explanation of terms from the table
- encryption - sensitive data transmitted in a form that is not readable without an encryption key
- Tokenisation - the process of replacing sensitive data with randomly generated numbers, called "tokens"
- biometrics - in online payments, biometrics uses fingerprints, facial recognition or iris scans to verify identity and then authenticate the transaction
- decentralisation - transactions are free, the government cannot control or influence the currency; the internet is also an example of decentralisation
- volatility - high risk of price fluctuations, either downwards or upwards
PayPal casino withdrawals
Withdrawing funds from your gaming account at a PayPal-enabled online casino is usually quick and hassle-free. Online casinos offer both instant payments from your gaming wallet to PayPal and vice versa, as well as transactions within 2 hours, and usually don't charge any extra fees.
However, PayPal itself can take longer to transfer your winnings to your bank account, taking 24 to 72 hours.
PayPal limits
- PayPal users with initial authentication: maximum allowable account balance limit up to ₹64,818, single transaction limit ₹17,158, single calendar month transaction limit ₹41,941
- PayPal users with completed identification: limit of maximum allowed account balance up to ₹6,10,055, limit for one transaction ₹6,10,055
