For online casino players who want an easy to use, secure and
widely popular payment method, as well as some privacy from
their financial institutions, PayPal is a great option.
Best Casino For PayPal
100% up to
Cherry Red offers players a wide variety of bonus offers depending on the games they will be playing, and the amount and timing of the deposit. All details about their bonuses can be found below.
What is PayPal?
PayPal is a form of electronic wallet that allows you to both
make and receive payments to merchants and clients. You can
deposit money into your PayPal account using a credit card,
debit card or a direct bank transfer from your checking account.
After you deposit your money, you will be able to use PayPal for
all of your online purchases.
There are many great reasons to use PayPal for your online casino deposits. One of the best reasons for using PayPal is that many banks and credit card companies do not allow their customers to complete transactions with online gambling websites. PayPal, however, has no such prohibition, unless you are inside of the United States. US customers, will have a tough time using PayPal for gambling transactions. Most countries outside of the Unites States, can use PayPal as your middleman and thus sidestep your financial institution's regulations (if there are any at all).
How to Use PayPal at Your Online Casino
Once you are ready to make a deposit at a casino using your
PayPal account, the process is one of the quickest and easiest.
At casino sites that accept PayPal as a payment method, you will
be able to click on the "PayPal" logo under their "Deposits"
section. You will then fill in your PayPal username and password
as well as the amount you wish to transfer. Your funds will
appear in your casino account instantly.
When you are ready to cash out of your casino account, most casinos do not charge a fee to transfer your funds back into your PayPal account. The process can take up to 24 hours, however. Similarly, PayPal carries its own regulations and associated fees.
PayPal Associated Fees
PayPal customers should be aware that there are fees
associated with receiving money into your PayPal account. There
is no fee for depositing money into your casino account from
your PayPal account.
When you are ready to cash out of your online casino however, PayPal will charge a flat rate of 30 cents and between 1.9% and 2.9%. Relatively speaking, they do not charge a significant fee, but when you add that to the fee that your casino charges for PayPal deposits, and you may be paying more than you like for using PayPal as your payment method of choice.
Casinos That Accept PayPal
Because PayPal is accepted worldwide, many online casino
rooms welcome PayPal as a method of deposit. Following are a few
casinos that accept PayPal users, most targeting European
1. Betfair Casino: There is a minimum transaction amount of 5 Euro when using PayPal to deposit funds. Betfair also charges PayPal users a 1.5% additional fee. Your funds will be available in your online casino account immediately.
2. William Hill Casino: You will receive a 15% bonus when you use PayPal often as your method of deposit. PayPal is available in every currency. Your currency will automatically be converted to fit the currency of the casino room.
3. 888 Casino: This casino requires a $50 minimum for all PayPal deposit transactions. Funds will appear in your 888 Casino account instantly.
With its high security standards and worldwide acceptance, PayPal is a great option for online casino players who want to retain some amount of anonymity with their financial institutions. The only drawback of using PayPal that one should be aware of, however, is its higher associated fees both through PayPal itself and through participating online casinos.
Casino Deposit Options
Copyright © 2010, BestCasinosOnline.org. All rights reserved.