Using PayPal to Fund your Casino Account
PayPal is an international e-commerce business owned by the online auction giant eBay that was formed at the start of the century. The company facilitates payment processing for many online vendors and currently operates in 214 countries with in excess of 148 million active users.
For users who do not already have a PayPal account, the sign up process is very straightforward. You’ll be required to fill out a form with some basic details which will include your name, address, e-mail address and phone number – you’ll also verify your account by clicking the link on an e-mail that PayPal send you. You’ll then be able to link your bank account to your PayPal account.
At PayPal there are two ways in which you’ll be able to spend funds. Firstly you’ll be able to spend money which is actually in your PayPal account – this being money that either you’ve loaded yourself, perhaps direct from your bank, or if you’ve received funds from somewhere else (maybe you’ve sold something on eBay). Secondly, you’ll be able to spend money direct from a card registered at PayPal. If you have funds in the account, the payment will be made from these, if not, the payment will come from your registered payment card. This differentiates from many e-wallets where you’ll only be able to spend the funds you have on the account.
Depositing With PayPal
A growing number of online casinos accept PayPal as a deposit method, but you won’t be able to use it at all sites. Check with the individual sites to see their accepted deposit methods (these are usually listed at the bottom of the home page). Unfortunately, users in the US and Canada are not able to use PayPal as a deposit method currently.
To make a deposit at a site, head to the cashier and click on the PayPal option. Here you’ll enter the amount you’d like to deposit and the e-mail address associated with your PayPal account. You will then be automatically taken to the PayPal site to confirm the deposit. Having confirmed you will go back to the casino, and the funds will be in your casino account.
Withdrawals and Fees using PayPal
Many online casinos have a policy where you have to withdraw back to the same payment type you deposited with, and this is the case with PayPal deposits – although individual casinos may have a different policy. In general you won’t pay a fee when depositing and withdrawing using this payment type, however once again this might not be the case in certain instances.
Advantages of Depositing with PayPal
The main advantage of using PayPal to deposit is the fact that it creates a barrier between your bank and the online merchant (be that a casino or elsewhere). You’ll not be required to give your banking details to one or more sites, which is obviously a safer way for you to proceed with financial dealings online. Another benefit is that the speed of the transaction is immediate, meaning there’ll be no waiting around before you can head to the roulette table or the slots.
Casino Bonuses using PayPal
The majority of online casinos offer bonuses to their users, the biggest and the best of these offers going to new users who the sites would like to sign up. These bonuses are either paid out as a percentage of your deposit or through free plays/spins or a combination of both. The good news is that when depositing using PayPal you’ll be able to take advantage of all of these. Casino bonuses will normally have a play through requirement, meaning you’ll have to rollover both the deposit and the bonus amount a number of times before the bonus is cleared. Every bonus will have a set of terms and conditions attached, so read through these to see the exact requirements of the bonus.
Depositing using PayPal at 32 Red Casino
One particular casino that accepts PayPal as a deposit option is 32 Red (you can read an overview here). This casino has been a mainstay of the online casino industry for over ten years, impressing year on year, as evidenced by being named “Casino of the Decade” at the CasinoMeister awards. This top quality casino offers a selection of over 500 games all powered by the software company MicroGaming. Additionally you’ll be able to play at their live casino, where the real casino action is streamed directly to your device – the live dealers are glamorous, especially in the Playboy section of the live casino. When signing up at 32 Red you’ll be able to take advantage of their generous no deposit bonus – just sign up and you can play with £10 for absolutely nothing! Additionally they’ll give you £32 for every £10 you deposit, up to £160.