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Over the past few years, and more so months, online gambling has been on the rise as it offers superior advantages over brick and mortar ones. Of course, to enable betting on their desired games, users will have to deposit funds into their online gambling account. Whilst there are many methods around, PayPal is one of the common ones these days. We discuss how you can use PayPal for online gambling, its advantages, and its associated charges.
What is PayPal?
PayPal is an online e-wallet that offers users the option of making fast secure payments online, with very wide acceptance from many sites. As with most e-wallets, you would need to store your credit/bank data securely in the PayPal wallet. When making payments on the gambling site, you would not need to enter your card details again, but rather your PayPal account email, after which you will be directed to PayPal to enter login credentials to complete the payment.
Coming to withdrawals, you can make a withdrawal from your gambling account straight into your PayPal account. These funds can then subsequently be withdrawn into your bank account or can be spent on various platforms as means for payment or even be sent to other PayPal users. The good thing is PayPal is widely accepted on many websites and you should generally not have problems when trying to purchase.
What Payments Methods are Accepted on PayPal
To use PayPal, you would need to use a debit, credit card, or bank account which would be the source of funds. PayPal accepts the most widely known cards, including VISA and Mastercard, and even allows you to use multiple cards. However, in this case, you would need to select one preferred payment card from which funds are taken as a priority. Connected bank accounts will need to be verified before you can make withdrawals through them.
Do you Pay Fees for Using PayPal with Online Gambling?
When using cards as a source of funds, you will be charged a 2.9% transaction fee. For transactions done using PayPal balance, you would not be charged anything at all. Regarding withdrawal fees, you would need to check the casino policy as some may charge fees for withdrawing via PayPal.
How can I use PayPal for Online Gambling?
To be able to use PayPal for online gambling, you would need to make use of the following simple steps:
- Check for casinos that offer PayPal as a deposit method. It is not too difficult to find a PayPal casino in Ireland or even the world over. These are continuously updated and it is worthwhile to keep an eye on the changes.
- Register and link fund sources on PayPal – If you do not have an account as yet, you need to register with PayPal and link up your preferred payment method. Registering with PayPal will only take a few moments.
- Proceed to initiate the deposit of your desired amount in the casino. You would need to select the option of paying via PayPal from the list of available options, and then follow the prompts that require you to enter your PayPal email address, password, and later on confirming the transaction. That’s it. PayPal transactions are normally confirmed within seconds.
What are the Main Advantages of Using PayPal as a Deposit Method?
The main advantages are that PayPal introduces an added layer of security, which means you would not need to enter your card details into the online casino. Other than that, PayPal is also a very fast method of making a payment. Your withdrawn winnings may also be used to pay on various platforms as PayPal is widely accepted.
Conclusions
PayPal offers users opportunities for making deposits into online casinos for gambling purposes. This is a highly secure and fast method, that allows for both deposits and withdrawals. Users would need to take note of the charges especially when deposit using a card as a source of funds.
