PayPal is just one of many e-wallets that you can use you fund your online casino account; it also one of the most well known and trusted. It is one of the most convenient ways to make a deposit, and as long as you have funds in your PayPal account, it is always one of the quickest. Withdrawing any winnings into your bank account can take as little as three days or up to five working days, with PayPal, withdrawals can be in your account in just 24 hours.
They use some of the most advanced security to keep your account safe and secure, and all of their transactions are encrypted. Plus, not only do you get fast deposits and withdrawals, but you also get their buyers protection. Should anything happen to the transaction that is not your fault, the PayPal Buyers Protection will get you a full refund.
One disadvantage of using PayPal to deposit funds into your casino account is you may have to pay a fee. If you deposit from your PayPal balance, there will be no fee, but if you deposit from your credit or debit card via PayPal account, you may have to pay a fee depending on the agreement between your bank and PayPal.
Any transactions that involve a currency conversation will also incur a fee. For example, if a Swedish based player wants to play at a casino that does not accept Swedish Krona (SEK), you may have to convert your funds to Great British Pounds (GBP). Charges vary between a minimum of 0.4% to a maximum of 7.4%.
Minimum and maximum deposits depend on the casino you are playing at, the minimum deposit and withdrawals usually are £10, and the maximum can be anything from £5000 to £10,000. Most casinos have a new player deposit bonus where they will match, double or even triple your first deposit, however, please be aware some casinos do accept PayPal as a deposit method, but not all casinos make it eligible for the welcome bonus.