Hundreds of millions of users, millions of payments per day, and star founders like Elon Musk, Ken Howery, and Peter Thiel — that's PayPal! But the brightest star here is its convenience, so no shock that PayPal became a #1 online payment system in global retail, eventually also coming to the online casino industry, creating a phenomenon called PayPal casinos.
PayPal allows casino players to conduct fast and safe deposits and withdrawals without the necessity to share their card details on every website. PayPal also offers an extra security layer that helps you prevent unauthorized transactions and abort the payment if something went wrong.
However, unsafe transactions are not something to worry about if you have a list of reliable PayPal casinos like this one compiled by Casino Guru at your fingertips. Our website provides you with all the info you might need to pick the right casino that accepts PayPal payments. But before you do this, we offer you to read more about:
- PayPal history
- PayPal pros & cons
- How to use PayPal
- Choosing a PayPal casino
PayPal history, acquisitions, and current state
PayPal was established in December 1998 as Confinity. In 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. X.com company was renamed to PayPal in 2001.
In 2002, company executives decided to launch PayPal's IPO. Just a few months after that, PayPal was acquired by eBay. PayPal became the payment method used by the majority of eBay users and also the default choice for eBay listings.
Despite being acquired by eBay, PayPal kept expanding faster than its parent company and became a popular online payment system on other e-commerce platforms. Online casinos that accept PayPal also started to emerge.
In 2007, PayPal partnered with MasterCard. This collab allowed PayPal and MasterCard users to make payments on websites that don't accept PayPal directly. In 2008, the company added a new security layer to its system by acquiring Fraud Sciences, a brand with extensive experience in online risk tools.
During the following years, PayPal acquired a number of other companies including Zong, IronPearl, and Braintree. Eventually, in 2014 the company split with eBay, becoming a single brand. In the new era, PayPal launched its own P2P payment system, partnered with Instagram and made its biggest acquisition to date: iZettle.
As of 2020, PayPal operates in more than 200 countries and has over 300M registered accounts. PayPal allows customers to send, receive and hold funds in more than 20 currencies worldwide. As for gambling sites, the number of online PayPal casinos is continually growing.
PayPal pros and cons as a casino payment method
We've already revealed one of the indisputable edges of PayPal accepted casinos: security. If you pay with a debit/credit card on a website with questionable security, your card details may be stored somewhere on the website's servers, or simply may be seen by the operators of the website after the transaction is made. With PayPal, this never happens and all data is encrypted.
Aside from this, using PayPal in online casinos makes sense, if you seek:
- More Convenience. With PayPal, you only enter login and password in an online casino account. With any card, you will have to type the number of this card, expiry date, confirmation codes, and other types of data which is hard to remember.
- Faster Withdrawals. In most of PayPal casinos, it takes 1-2 days to load your winnings onto your PayPal wallet. On average, it's faster than a bank transfer, where the average time of withdrawal is 3-5 days, although some other e-wallets are even faster than that.
- Fee-free Transfers. Some e-wallets charge transaction fees. PayPal may not be as speedy as these services, but here you don't have to pay extra commission for depositing or withdrawing money from an online PayPal casino.
The only substantial drawback of this payment method is that not all popular online casino websites accept it. For example, there are many more casinos that accept Skrill — this one is the most popular e-wallet for gambling websites. Neteller casinos are also quite widespread, definitely more those that accept PayPal.
How to use PayPal in online casinos
The first step to transferring your funds to an online casino via PayPal is setting up a PayPal account. This is quite a straightforward process and can be done by registering on their official site. And if you are looking for a PayPal casino, you most likely already have one.
Then, you should sign up on the website of the chosen casino. To deposit with PayPal, link a card to your PayPal account, and simply enter the used email address and password in a PayPal casino.
Withdrawing funds from your casino account works virtually the same way as depositing. Just visit the withdrawal page of the casino, choose PayPal as the withdrawal method, fill in the pop-up form, and the money will be transferred to your account.
How to choose the right casino that accepts PayPal deposits
The fastest way to choose a PayPal online casino is to open our 'Recommended' tab, in which you will see only the websites that our review team found the most worthy and credible. Your list is already customized for you depending on your location, so right now you see PayPal casinos available in Canada, USA, UK, or any other country you may come from.
If you want more precision in results, apply other filters to specify your sample. See only PayPal casinos with no deposit bonuses or mobile-friendly casinos with PayPal payments. On the other hand, you can expand your choice by clicking the 'All' tab, which displays all casinos that accept PayPal in our database. The 'Newly opened' tab contains casinos that were opened quite recently and often offer some lucrative promotions.
Anyway, if you want to learn more about how to make the right choice, go to our Guide section and read the How to choose a casino article.