PayPal Casinos

Before we get into PayPal Casinos, lets quickly introduce this payment giant! PayPal had over 286 million active users and $9.9 billion in payments in 2018. It’s no surprise PayPal is also one of the most popular payments methods used at online casinos, bookmakers and live dealer sites.

Since it’s integration with major superpower eBay, PayPal has since been integrated by millions of business across the globe.

Being a simple e-wallet using an email address to link your bank account or debit card to, has meant this form of conducting transactions brings simplicity and security.

 

Why use PayPal Casinos?

PayPal allows any business or individual with an email address to securely, easily and cost-effectively send and receive payments online.

When it comes to online payment methods, particularly for online casinos, faster, safer and easier PayPal meets all the criteria.

Given that PayPal is used and accepted as a financial merchant, PayPal Casinos are online casinos that have the infrastructure to accept this form of payment also known as an e-wallet.

Top PayPal Casinos

 

 

The History of PayPal

Founded back in 1998 by entrepreneurs Peter Theil and Max Levchin with its initial name ‘Confinity’, the history of PayPal isn’t a long one, but it is a fruitful and innovative one, that’s for sure.

The concept of PayPal was simple, design a low-cost, almost effortless digital payments for consumers and businesses. Especially whilst online businesses such as eBay were accepting money orders which resulted in slow transactions.

PayPal’s growth path rose in the company’s early years, and soon it began racking up some impressive growth benchmarks along the way.

 

PayPal Timeline

 

August 1998: Peter Thiel meets Max Levchin after Thiel gives a speech at Stanford University on global market opportunities. Later that year they come with the idea of digital wallets.

December 1998: PayPal is founded, although its original name is Confinity.

October 1999: A company engineer produces an email-based payment technology.

January 2000: PayPal’s founders and managers notice that end users are out there on the Internet asking commercial partners and other buyers to sign up for PayPal, to foster quicker payments. Almost immediately, PayPal paves the way for eBay payments on the site, giving PayPal a significant user-base boost.

March, 2000: PayPal clears the 1 million customer mark.

June 2001: The founders ditch the Confinity name and officially change it to PayPal.

February 2002: PayPal (PYPL-Nasdaq) goes public with the issuance of new company stock. The IPO is a hit as PayPal stock rises by over 50% and closes its first day of trading at $20 per share.

October 2002: PayPal is sold to eBay for $1.5 billion, in a highly touted “marriage” between digital auction and online payment services.

February 2006: PayPal surpasses 100 million end-user accounts.

April 2006: PayPal rolls out is a new mobile payment platform, PayPal Mobile, allowing customers to pay via PayPal through their smartphone devices.

December 2008: PayPal hits 10 years of age and nears the 150 million user accounts user mark.

September 2013: PayPal acquires payments gateway company Braintree Systems, owner of Venmo, an online payment competitor, for $800 million.

Early 2014: Trouble brews as Wall Street provocateur Carl Icahn, a major PayPal shareholder, demands that the company part ways with eBay.

July 2014: Company shareholders would agree with Icahn, forcing a split between the two tech giants with the result that PayPal was once again a single, publicly traded company.

The day PayPal’s stock begins trading, the company’s market value crests a whopping $49 billion, instantly creating an army of PayPal millionaires.

July 2015: Paypal agrees to buy Xoom, a digital money transfer firm for $890 million, which paves the way for the company to accelerate the handling of international payments.

January 2016: Venmo, now a PayPal subsidiary, surpasses $1 billion in payments processed for a single month – its highest level ever.

February 2017: PayPal launched its first peer-to-peer payment system, thus establishing a solid foothold in the emerging P2P marketplace.

New PayPal Casinos

There’s a variety of new PayPal casinos popping up online every day. However, at whichcasinos.co.uk, we try to identify the best online casinos using our vetting process, one of which is payment methods.

Not all good online casinos accept PayPal as a payment option and not all new PayPal casinos are good either.

A variety of online casino operators accept other popular payment methods such as debit card, Klarna, Skrill, bank transfer as well as Bitcoin. If you’re looking for specific new PayPal casinos, simply visit out new casinos page.

PayPal Casinos Review Process

Our review process at whichcasinos.co.uk is a stringent one led by our team of industry experts. Vetting online PayPal casinos to make our chart list are lead by the following areas:

 

1. Licensing: All PayPal casinos are required by default to have a valid license, whether it be by the UK Gambling Commission or any other in country equivalent body.
2. Welcome Bonus: A good welcome bonus has clearly defined terms and conditions, low wagering or no wagering. Good online casinos will continually send ongoing bonuses in forms of free spins or enhanced offers.
3. Simplicity in registration: A simple straight forward online casino registration that captures all your basic information and takes no longer than 2 minutes to fill in
4. Customer Care: One of the most underrated areas of any online casino. A good online casino will offer 24/7 customer care and live chat, whilst being proactive and solving customer problems on the spot.
5. Safety and Security: Anyone looking to spend their hard-earned money playing online casinos deserves to ensure their personal details are safe from third parties. This ensure sites have a full SSL encrypted site.
6. Gaming Software: All online games developed must be fully audited by the developer as well as third party bodies such as eCOGRA or equivalent to ensure gaming outcome is fair.
7. Device compatibility: Online casinos, should be have their platforms optimised and suitable for play on desktop, mobile as well as tablet. Alternatively offer an app or instant play.
8. Navigation: A clearly designed online casino lobby, offering simplistic navigation around the website and fast loading times is important.
9. Payment options: There’s a variety of payment options available, therefore diversity is paramount, as well as fast deposit and withdrawal times.

Find your Perfect PayPal Casinos

Having searched the whole wide web, looking for a trustworthy site that has a good list of licensed online casinos accepting PayPal, you’ve found Which Casinos! Well you’re in the right place, so let’s take you through the 3 step guide that applies to all online PayPal casinos.

 

  Registration 

Once you’ve found the online PayPal casinos you’d like to play with, simply, register your details with your chosen casino. You’ll need your address, mobile number, registered email address and PayPal email address.

 

  Deposit

Once you’ve registered the next step is to deposit. To make a PayPal casino deposit, simply head to the cashier page, select PayPal and enter the amount you’d like to deposit.

You’ll be prompted to verify the payment by logging into your e-wallet. Once you do, your funds will be instantly added to your account ready to play with.

 

  Play

Once you’ve registered with your chosen online PayPal casino, verified your deposit amount, the next phase is to start playing.

You can either find your favourite game, or test some of the new online casino or slots on offer.

Remember to claim your bonus as well, extra money means extra playing time!

PayPal is Used Worldwide

There are in excess of 286 million individuals worldwide who trust PayPal to make payments and you can trust them to if you choose to use them to deposit in an online casino.

With so many users worldwide, it is rare that you will come across a casino which doesn’t allow you to deposit and withdraw using this option, but it is easy to check by looking at the deposit options page.

PayPal – Ease of Use

Whilst some deposit and withdrawal options are incredibly quick to use, PayPal withdrawals from an online casino usually can take anything between 1 hour and 24 hours. Either way it is a quicker method than withdrawing to a bank account.

Another benefit to using PayPal is that, by and large, they only work with reputable companies. So if you pick out a PayPal casino that catches your eye from our wonderful list, then the chances are that it’s a reputable online casino to play with.

Disadvantage of Using PayPal Casinos

There is one slight downside to using PayPal to fund an online casino account and that is that your account can end up frozen.

For instance, if you win a large amount of money and try and move it out of PayPal to your bank account, the account may be frozen whilst they do some money laundering checks.

However, banks will do the same! So as long as you’ve got all the proof required to prove no foul play intended you should be all good.

We’ve been through this process ourselves, it is usually resolved pretty quickly and you can be back on your way with the money safely tucked away in your bank account.

PayPal Casinos and Cryptocurrencies

The company has confirmed it’ll start focusing on the cryptocurrency market and focus predominantly on the Blockchain technology.

Although this will initially begin with the American market accepting transactions in Bitcoin, PayPal intends to slowly open up to other cryptocurrencies such as Ethereum, Litecoin and Bitcoin Cash.

Although PayPal isn’t the first digital currency company to join the cryptocurrency market, other businesses such as Skrill and Revolut are already accepting cryptocurrencies.

 

Future of PayPal Casinos

Being at the forefront of conducting payment transactions by simply using an email address as well as PayPal being a recognised, and established brand, only means this is only just the start.

The first advancement towards blockchain technology as well as cryptocurrencies signifies a much needed backing for the cryptocurrency market towards mass adoption and vice versa.

There is no doubt that PayPal has paved the way for other financial institutions to adopt the email address payment method.

This as result has made it easier for online casinos, live dealers and bookmakers to adopt and offer this payment option.