If you regularly purchase goods and services online, then you’ll most likely have heard of PayPal. PayPal is one of the widely used e-wallet payment methods on the internet, supported by thousands of service providers and retailers on the web. All you need to open a PayPal account is an email address and a credit card or bank account. Once set up, you can use it to make payments and withdrawals at very competitive rates.
PayPal is supported by 32 Red Casino and selected other leading casinos.
PayPal offers customers the following advantages:
Although PayPal is widely used in other markets, very few online gambling operators support PayPal. Big names, such as 32 Red Casino do support PayPal, but very few other online casinos do. And even when PayPal is supported, it is often not available in many countries, including the USA and many European countries.
This is an important factor that any online gambling fan should be aware of. We therefore recommend that anyone who is considering using PayPal as a payment method first investigates whether it is available at their favorite online casinos. Should it not be, it is wise to consider using one of the many other payment methods.
Due to the restrictions mentioned above, it is wise to check first whether PayPal is supported by the casino you wish to use, in the country you’re resident in. if it is, the process is as per follows:
The following diagram displays how you can use PayPal to deposit funds in your casino account and make online purchases:
One advantage of PayPal’s size is that its operating costs are generally low. The amounts below apply to most major countries, however, as PayPal’s fee structures can vary from one country to the next, we recommend consulting the fees section on the PayPal website.
Depositing funds in your PayPal e-wallet/making purchases via PayPal
|Credit/debit card (direct purchases only)||Free||Instantly|
|Funding account via credit card||Free||Depends on bank|
|Funding account via bank balance||Free||Instantly|
Withdrawing funds from your PayPal account
|Domestic bank account||Free in most countries||Varies|
|Foreign bank account||Conversion and transfer rates may apply||Varies|
Sending funds to others using PayPal
|Linked bank account||Free||Varies according to type|
|Credit/debit card||3.4%, plus a nation-specific handling fee||Varies|
PayPal may also impose other costs, including:
Opening a PayPal account is quick, easy and free to do. All that is required to set up a basic account is an email address and a credit card or bank account. You don’t even need to add funds to your account to use it.
To set up an account:
Once you’ve set up your account, you will need to verify your email address:
Please note that PayPal accounts are automatically set up with restrictions on the amounts you can spend using them, and withdraw through them.
PayPal offers two methods of funding: credit card and bank account, both of which work in different ways.
It’s important to note that although you can link a credit or debit card to your PayPal account, you can’t use it to add funds to your account itself. Rather, when you pay using PayPal in this way, PayPal simply processes the card payment on behalf of the merchant when the transaction is made.
The first step is to link your credit card:
To use PayPal to pay for something using your credit card, simply select the card when using PayPal as a payment method at the retailer.
Unlike credit and debit cards, bank accounts can be used to deposit funds straight into your PayPal account. However, it should be noted that PayPal doesn’t make this service available in all countries.
Bank accounts need to be linked to your account. You can then choose to initiate a manual transfer yourself, or set up a direct debit, enabling PayPal to take the funds directly from your account.
To do this:
Although it’s only offered in selected countries, online casinos such as 32 Red Casino offer their customers the option to make deposits and withdrawals using PayPal.
To make a deposit using PayPal:
Withdrawing funds functions in much the same way as deposits. As long as you have sufficient funds in your account, and as long as PayPal is available in your country, you can withdraw them to your account.
To withdraw funds:
As withdrawals are not processed immediately, you have a time window in which you can cancel the withdrawal. As long as the amount hasn’t been transferred to your PayPal account, you can cancel it and have it added straight back to your casino balance.
To do this:
Like many e-wallet providers, PayPal imposes strict transaction limits on new accounts. However, lifting these is a relatively simple process, requiring you to add and verify a payment method.
|Feature||No payment method||Unverified||Verified|
|Spending limit per year||$650||$3,300||None|
|Withdrawal limit per month||$250||$250||None|
|Withdrawal limit per year||$1,300||$1,300||None|
|Receiving limit per year||$3,300||$3,300||$3,000|
To lift your restrictions:
PayPal also offers a mobile app for smart phones. With this app, you can check your balance, view your transaction history, and manage your funds. The app is available for iOS, Android and Windows Phone 7 and 8 devices.
As one of the world’s most popular and trusted payment methods, it’s only natural that using PayPal for gambling purposes will appeal to many online casino fans. Especially as many of them may well have accounts already.
Unfortunately, so limited is PayPal’s support for online casinos that in the vast majority of cases, this won’t be practical. As a result, it isn’t going to be a serious alternative to the other popular payment methods used by online casinos, such as Skrill or Neteller.
Finally, here are some additional facts about PayPal: