#3 Online Casinos that Accept PayPal
PayPal doesn’t charge a fee to open a PayPal account. However, just like any other payment processor, it does apply charges to certain transaction types. Please find a summary of all relevant fees below.
There are no fees within the UK to purchase goods or services, e.g. deposit at an online casino.
PayPal does charge you for receiving money such as winnings from a mobile casino. The fee for each transaction is 3.4% plus 20p of the amount you receive.
Hint: It might be a good idea to keep your winnings in your account until you accumulated a larger amount to withdraw. This way you only have to pay the 20p charge once.
PayPal charges a fee for international payments. To avoid such a charge, please ensure that when you sign up at a mobile casino, you choose the same default currency than your PayPal account. In the UK this would most likely be GBP.
Withdrawing money from your PayPal to your bank account
There is no cost to withdraw money from your PayPal account to your bank account.
PayPal is all about security and is one of the most secure payment methods on the Internet. Here are four reasons why we recommend to sign up with a PayPal casino like Betway:
- Anonymity: PayPal lets you make and receive payments without exposing your bank details or credit card information to third-parties. Your sensitive data is always safe!
- Chargebacks: If you connected your debit or credit card to your PayPal account, you might find yourself in the situation where you have to request a chargeback. PayPal handles chargebacks extremely well and immediately puts a hold on the funds in the seller’s account until the issue is resolved.
- 24/7 customer support: PayPal monitors every transaction, 24/7 to prevent against fraud and identity theft. They also employ a dedicated team of security specialists that help protect you from fraudulent transactions.
- Security: PayPal currently works in 202 countries and processes 25 currencies, and protects every (international) transaction with advanced encryption.
PayPal is an American online payment company that supports online money transfers in more than 200 countries. It was founded by Elon Musk (Tesla) and Peter Thiel (Investor in Facebook), among others, in December 1998. The company was acquired by eBay in July 2002 for $1.5 billion before spinning off back into a separate publicly traded company in 2014.