Making a payment with PayPal – Step by Step
PayPal is what is termed an ewallet. This means, essentially, that you can store money at PayPal, or fund it from your bank account or credit card, and use it pay for goods or services electronically over the internet. It is hugely convenient and very efficient, but how do you use it? We’ll explain how to make a payment with PayPal here.
A basic PayPal account is free to open, and it allows you to send funds to anyone else with PayPal account using their email address. Gambling sites that take PayPal use the same basic process as other commercial websites when it comes to you using this payment method to put funds in your betting account. The process is very simple, and we outline it below. Obviously, before you attempt any gambling with PayPal you need to have a PayPal account. For a PayPal account, you need to have a valid email address and a source of funding – ideally your bank account, though there are other options. Once you have a PayPal account, you need to check that your chosen online casino or sportsbook accepts PayPal.
How to make a deposit when using PayPal gambling sites:
- Click on the PayPal button when you choose a payment method to fund your betting or casino account.
- Enter the amount you want to deposit, you will then be taken to the PayPal website.
- Review the amount and the payee information at the PayPal website.
- Click on ‘Send money now’, and the money will usually be transferred to your betting account immediately.
Average time of PayPal for deposits and payouts
In general, most PayPal gambling sites will process your withdrawals and deposits within a matter of hours, if not immediately. One of the great advantages of using PayPal is that payments are processed so quickly and efficiently. When you deposit money in your account at gambling sites that take PayPal, the money will usually be in your account within seconds.
Withdrawals to your bank account may take longer, and you may also have to go through an additional verification process with the operator in order to be able to withdraw winnings. The process is generally very simple and speedy as far as PayPal is concerned, though, and they will usually process payments within hours, even if your sportsbook or casino takes slightly longer than that.
PayPal verification requirements
Verifying your PayPal account is necessary so that you can use it. The process is very quick and easy, however, which is another reason why PayPal is so popular with online gamblers, and indeed with anyone who makes payments over the internet. All you need to do to have your PayPal account verified is to add and confirm the bank account from which you will be funding your PayPal account, or add and confirm the debit or credit card that you will be using. This is a very simple process and you can find full details about how to do it in the help section at PayPal’s official website. Using PayPal gambling sites is therefore very simple and convenient, once you have a verified account.
The history of PayPal
PayPal dates from 1998, which was when it was set up by Max Levchin, Peter Thiel, and Luke Nosek. Originally known as Confinity, at first, the company developed security software for mobile, handheld devices, the popularity of which would explode over the next 22 years. In 2000, Confinity merged with X.com, which was an online banking company founded by Elon Musk.
In 2002, eBay acquired the brand, and by 2010, PayPal has over 100 million verified user account all across the world, in 190 different markets, and in 25 different currencies. PayPal spun off from eBay in 2014, and in 2019 it officially partnered with Instagram.
PayPal’s corporate offices are located in San Jose, California in the United States, but since 2007 it has also operated from Luxembourg as a bank. The international headquarters are situated in Singapore, though there are also offices in Germany, Ireland, and China.
PayPal to other providers compared
If you’re gambling with PayPal then you are using one of the safest and most convenient payment methods available to online punters. As with anything, though, there can be issues and restrictions around using PayPal that you need to consider when gambling online. PayPal is not necessarily accepted as a payment method at every online gambling outlet, so if you favour this method over all others then always check that is accepted as a payment method before you open an account.
One area where PayPal could perhaps be improved is for more operators to be prepared to pay bonuses out to punters who use it. While there is an increasing number of PayPal gambling sites that will pay bonuses out to new and established punters who use this payment method, many are still reluctant to grant a bonus to customers who use e-wallets. If you want to claim a bonus from gambling sites that take PayPal, always carefully check the terms and conditions of the offer before you commit to claiming it.
Most popular payment methods
When you are playing in an online casino or enjoying some online sports betting, there is usually quite a wide choice of payment methods that you can use. Experienced bettors, as well as online poker and slots players will already know this. You need to remember, though, that you can no longer use a credit card to finance your casino or betting account in the UK, after legislation changed in April 2020.
In general, the best methods to use when funding your online gambling account are debit cards, as these offer great flexibility, security, and are accepted at the vast majority of online casinos and sportsbooks. Visa and Mastercard debit cards are the most widely accepted cards at online casinos and betting sites, and we would recommend using these over any other methods.
Using PayPal is a good alternative to these, however, if you do not want to use your debit card. PayPal is also very safe and is widely accepted at many online casinos and betting sites. PayPal gambling sites are plentiful, and you should not be scared of using gambling sites that take PayPal. It can be a good method to use if you want to manage your betting bankroll more carefully, which is something we’ll look at in greater detail later on in this article.
Can I always claim a welcome bonus or other promotional offers when I’m gambling with PayPal?
You need to check the terms and conditions of any bonus offer very carefully before you commit to claiming it. The use of some e-wallets that operate in a similar way to PayPal, such as Skrill, Neteller, Zimpler, Neosurf, or Boku, can preclude you from claiming bonus offers. The same is often true of Paysafecard too. Some gambling sites that take PayPal will allow you to claim welcome offers and other promotional bonuses but many do not. This can be one of the main drawbacks of gambling with PayPal, so always check the terms and conditions of an offer very carefully. If you are ever in doubt about any issue relating to bonuses and payment methods, contact the operator’s customer services team for further clarification.
Is PayPal always safe to use when gambling online?
Using PayPal gambling sites is a very safe way to wager online. When you make payments to an online casino or sportsbook using PayPal, your transactions are protected by something called Encrypted Website Payments (EWP). This means that your transactions are kept very secure and safe and you should experience no issues at all. In truth, one reason that PayPal has become so popular over the last 20 years is that it is so safe and secure.
Is PayPal accepted at every online casino or sportsbook?
While there are many gambling sites that take PayPal, not every casino or sportsbook will accept it as a payment method. If you’re a newcomer to online gambling, and you want to start gambling with PayPal, then you need to check which payment methods are accepted by the online casinos and sportsbooks you want to use. While not every operator that you might want to use accepts PayPal, a great many do. But you should also always check whether or not using PayPal prevents you from claiming any of the bonuses on offer at the operator.
PayPal can help you manage your bankroll better
One really important thing to remember when gambling with PayPal is to stay in control of your bankroll. Managing your bankroll is vital if you want to be a successful punter. If you cannot stay in control of your finances when betting then you are likely to experience problems. These problems can lead to you spending more money on gambling than you can afford, issues with your relationships with your partner, friends, and family, or stress, and other mental health problems. You need to remember that gambling is supposed to be fun, not a way to pay the bills or deal with any financial issues that you are facing in life.
Setting limits is a good way to stay in control of your finances while gambling online. Many of the best online betting sites and casinos allow you to set your own limits on your account. This can be a very convenient and sensible way to stay in control of your finances. You can also set time limits for yourself when you only bet or play in the casino at certain times of the day. This can help your mind focus more clearly, and can even make you a more successful punter, as you think more carefully about the bets you are making or your strategy in the games that you are playing.
When gambling online, PayPal allows you to keep a closer eye on your finances. You can do this by depositing a certain amount of money in your PayPal account each month to use for gambling. Once this amount has been exhausted, you stop gambling until next month rolls around. This helps to prevent you from falling into any negative patterns of behaviour and helps to focus your mind on the entertainment that gambling provides. Better bankroll management makes you a better bettor!
As you can see, using PayPal gambling sites is not a difficult thing. PayPal is a payment method that provides you with a great deal of flexibility and convenience. You can fund your betting account very easily with PayPal, and it helps you to stay in control of your spending and manage your bankroll better. While you may not be able to claim bonuses at some gambling sites that take PayPal with this payment method, it offers significant benefits in terms of safety and security. Overall, it is a very reliable and convenient payment method that should be seriously considered as an option by anyone who enjoys online gambling. Gambling with PayPal is a safe, convenient, and sensible way to stay in control of your finances while still enjoying a wager or two.