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PayPal

As one of the world’s most popular payment methods, PayPal has made its way to most of the online casinos on the internet.

PayPal is an American company that has one of the largest online payment systems in the entire world. It is on the market for almost 20 years and has gained a solid reputation.

Today, it’s present in most of the well-established and legit online sites as one of the methods for paying. In fact, most online casino sites give you the opportunity to choose PayPal as you’re depositing or withdrawal option. Here’s what you need to know if you’re about to deposit or withdraw using PayPal.

How to Make a Deposit Using Paypal?

The first thing you need to do is to set up a PayPal account and you can do this by registering on their official site. Next, you need to select a trustworthy casino and navigate to its payment method options page.

Use Paypal for online gambling
Use Paypal for online gambling

Choose the PayPal option and enter the amount you want to deposit. You should be well aware that you can only deposit the amount that’s available in your bank account. Fill in your username or email and your password, and click submit.

How Can I Withdraw My Winnings?

After you’ve won something with your favorite casino games, you would like to withdraw your winnings. You can do that by going to the withdrawal page of the casino site. Next, select PayPal as your withdrawal option and you will be sent to the withdrawal page.

You will then need to enter your account details and the amount you want to withdraw, based on your casino balance. You should be careful here, as each casino has their own terms & conditions when it comes to withdrawals. Make sure you apply all wagering requirements before you try to withdraw. And finally, approve the withdrawal amount and it will shortly appear in your PayPal e-wallet.

PayPal Facts

FounderElon Musk
CountryUSA
Launced1998
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When it comes to security, you should know that PayPal is a well-reputed company which uses SSL encryption but also provides you with a PIN authentication. The company also monitors transfer activities non-stop, making sure there’s no identity theft, email phishing or fraud. It is actually considered one of the safest ways of withdrawing and depositing in online casinos. As all of your personal data and transaction information remain fully encrypted and anonymous.

As for transfer time, as soon as you make a deposit on your preferred casino, you will notice that the money will be transferred right away. However, when it comes to withdrawing, you should know that it will take a few business days for your winnings to be transferred from the casino’s account to your PayPal account.

If you’re a Canadian or American citizen, you will not be allowed to transfer your funds to a Canadian or American bank account and withdraw your winnings due to the Unlawful Gaming Enforcement Act that these 2 countries have. That’s one of the reasons that PayPal isn’t the most favorite payment methode in the world of online gambling.

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