One of the most important things that gamblers should be certain of is their choice of payment method for online casinos. Being able to make cash deposits and withdrawals securely and with ease should be just as important as playing games and finding the right online casino.
One of the trusted payment methods used internationally for online transactions is PayPal. It is a type of an e-wallet service where you can store and transfer money in one place. PayPal can be accessed anytime you want. This means that you can place payments, transfer funds, and even withdraw cash at any point of the day. It is used and trusted by millions of people and local businesses globally because of how convenient it is.
However, PayPal offers some of the highest deposit and withdrawal limits when it comes to transactions made in online casinos. A big majority of online casinos that accept PayPal as one of its payment methods have maximum deposit limits. The limit usually ranges from a couple hundred to thousands of dollars. The same thing applies to payout limits.
The minimum amount for deposits and withdrawals when you use PayPal for online casinos typically range between 36.73د.إ to 73.47د.إ. These rates will vary from casino to casino so be sure to check the site’s terms and conditions. This information would only mean that it is not a great choice for players that prefer high max deposits. PayPal would only be a decent option for players who follow a particular budget.
One good feature of PayPal is that it does not require any annual account fees, and it does not levy monthly maintenance fees either.
One of the nicest features of PayPal is that it does not require any annual account fees. Annual fees are usually implemented in some online services as a way for players to keep their accounts. You do not have to worry about the possibility of you being locked out of your PayPal account even if there has been a prolonged time of inactivity.
This means that your account will remain active until you decide to deactivate it. You do not need to pay or observe any maintaining balances. This is because the fees that you pay with PayPal are only incurred when you transfer money to third party online money transfer services.
What is PayPal?
PayPal is one of the world’s leading and trusted online payment options. It was founded in 1998 by an American company that operates as a global online payment system. PayPal mainly supports online money transfers and acts as an electronic alternative to traditional methods. It has become widely preferred by millions of users since then.
Registration at PayPal is free and 100% safe and secure. You can transfer funds to enjoy real money casino games once you’re ready to register a PayPal casino account. These are sites that specifically offer PayPal as one of its major payment methods. However, casinos that support this brand are not so common any more because of its other e-wallet competitors.
Here is a complete list of the various services that PayPal caters:
PayPal is a digital wallet where you can combine credit cards, debit cards and bank accounts in a single platform for easy access. You can send or receive funds with just your username and password. Receive payments from other people and businesses easily. You can also utilise PayPal to make purchases or request for a refund back to your cards/bank accounts that are linked to your profile.
Paying and receiving payments are even a lot easier when you can do it on-the-go. This means you can conveniently send and receive payments using your phone using PayPal’s app. This is downloadable for both iOS and Android devices.
PayPal Access Card
This is a physical MasterCard debit card linked to your account. You can make payments with your PayPal Access Card like a normal debit card. This includes features like withdrawing funds from ATMs.
PayPal.Me is a faster, easier way to receive money transfers when you use PayPal. All you need to do is share your very own PayPal.Me link (paypal.me/YourName) with other users.
This means that the sender will not need your email or phone number details to process the transaction. The sender basically clicks on your link, chooses the amount and transmits the cash to you electronically. New countries and regions added regularly to cater to more users worldwide.
PayPal One Touch
Your online transactions would be even more convenient and instant with PayPal One Touch. This will let you authorise payments from one merchant site to another without needing to input your login details. PayPal One Touch is usually prompted when you make transactions with an online service that offers it.
If you want to play on your prefered device, then you are in luck. This is because you will find many online casinos that offer PayPal as a payment method. This will let you make deposits and request withdrawals using your phone. This convenient feature will save you from loading times when you are on a web-based online casino.
To top it off, PayPal can be a reliable payment method for players that prefer to wager on casino games with their phones. If you activate the PayPal One Touch feature, you can deposit easily at selected online casinos.
You do not have to worry about your financial information getting compromised. This is because PayPal ensures that all your login information is encrypted securely on your device. You are still protected by PayPal’s high-level security technology even if you make transactions outside PayPal’s website.
PayPal’s multi-platform feature lets you have an overview of all your recent activities to manage your spending.
There are some online casinos where you can deposit and withdraw with PayPal for free. PayPal itself usually does not charge for most transactions. However, you still need to check the terms and conditions of the online casino. This is an important step that you must do before you attempt to use any payment method for online gambling.
How to apply for PayPal in the Middle East?
There are two ways for you to sign-up for an account at PayPal. You may choose to apply for a personal account or a business account. A personal account will let you send and receive money. A business account will allow you to get paid online as well.
Here is how to register an account:
Step 1: Visit PayPal’s official website. You can also click on this link to be redirected to the site instantly.
Step 2: Click the ‘Sign Up’ button at the top right corner of the page.
Step 3: Select the ‘Personal’ option to register.
Step 4: You will be redirected to a separate page. Input your country, your full name, email, and set your password.
Step 5: Click ‘Next’ once you are done.
Step 6: Enter your birth date, your nationality, and your identification details. This can be the number of your passport, driver’s licence, or your national ID. Type your address details and your phone number.
Step 7: Click ‘Create Account’ once you are done.
How to Verify Your PayPal Account
It is easy to verify your PayPal account. All you need is to confirm the email address that you used to register your personal PayPal account with.
How to Add Funds to Your PayPal Account
You can fund your PayPal account easily. You just have to link your debit or credit card with your account to send money to an online service. You can add a separate fund to your PayPal wallet when a user transfers money to your account via email.
When you are ready to play games, simply log into your preferred online casino. Navigate the cashier or deposit button to reload your account. Select PayPal as your payment option. However, not all online casinos accept it as a payment method.
How to withdraw your winnings from an online casino with PayPal
PayPal is not accepted by many online casinos nowadays. This means that you may not be able to withdraw your winnings when you use PayPal. For online casinos that do accept it, there are usually no withdrawal requirements attached. This will depend on the terms and conditions of the site. The standard minimum withdrawal amount and the fees that come with it should be shown on every platform.
Advantages of using PayPal in online casinos
PayPal is a safe option to do your online transactions. This is because it offers all users Buyer Protection. This means that if a purchased item fails to arrive, or doesn’t match the seller’s description, you can request PayPal for a refund. You just need to file a case to process the refund.
Additionally, any transaction made using PayPal will not involve sharing personal or banking details. This reduces the risk of others stealing your money and information. PayPal encrypts and monitors every transaction 24/7 to prevent malicious people on the internet.
Here is a list of all the benefits of using PayPal at online casinos:
- It is free to open an account
- You can make instant deposits
- The withdrawal times are usually quick
- You can play at online casinos that accept PayPal with just one account
- It monitors 20 million PayPal users to combat fraud, email phishing and identity theft
- The company is licenced and fully regulated
- It allows high maximum deposit and withdrawal limits
- You can store multiple bank cards and accounts in one e-wallet
- It has the ‘Activate One Touch’ feature that processes payments and pays with just a few clicks
- It has an advanced encryption technology
- It guarantees a secure transaction
- It has a comprehensive customer support service
Disadvantages of using PayPal in online casinos
There is one significant drawback when you attempt to use PayPal for online gambling. You should know that there are not many online casinos that accept it. Additionally, it can charge you some fees.