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Can you use PayPal for online casinos?

2 Mins read

Online casinos have diversified their lineup of payment methods, to accommodate even the most demanding players.

This has paved the way for people using you and exotic banking instruments to load their accounts and cash out winnings. Electronic wallets have been around for quite a while and they are among the most popular financial solutions to use at online casinos. PayPal is one of the best-known e-wallets and likely one that can be used by many bookmakers and casinos over the Internet.

Instant deposits and fast withdrawals

Not only is PayPal accepted at many online casinos like JeffBet.com — but it is also one of the preferred payment methods for savvy Internet gamblers. E-wallets have the advantage of speeding up money transfers, with instant deposits and withdrawals that take only a few hours. To put things into perspective, credit and debit cards, as well as bank transfers can take up to a few days to complete the same transactions.

Another advantage of using PayPal at online casinos is that you don’t have to rely upon alternative payment methods. This financial instrument can be used both ways, so after you deposit with it and spend the money gambling, you can return to PayPal to cash out your profits. This way, you also comply with the policies of most online casinos to mitigate the risks of fraud and money laundering.

Several currencies are accepted, so regardless of your country of residence, you’d be able to deposit and withdraw in your national currency. This has the advantage of further reducing the expenses associated with foreign currency exchange fees. If you don’t have money in your PayPal account, you’d be able to use the money on the credit or debit card linked to it.

Some limitations apply to PayPal

The vast majority of online casinos accept PayPal for deposits and withdrawals, but there are still some that don’t feature it. Some will impose a blanket ban on all electronic wallets, whereas others allow planters to deposit with Skrill and Neteller. This information is usually easy to find, by simply heading onto the payment method section and seeing if PayPal is available.

Another common restriction that applies to PayPal deposits is that many of them are not eligible for bonuses. Some casinos limit bonus eligibility to classic payment solutions and don’t allow players to claim bonuses if they chose an e-wallet. Once again, this information can be found by reading the terms and conditions of specific promotions before applying for bonuses.

The bottom line is that PayPal can be used at online casinos and is one of the most efficient payment methods available. Read the fine print to see if there are any restrictions affecting bonus eligibility, but normally you would be able to enjoy the best of both worlds. You can set up an account quickly and load it with cash just as fast, so you can start the online gambling adventure immediately.