How to make a PayPal payment
Making a PayPal account is pretty easy and can be done in as few as 5 steps. You’ll need to know how to open an account, how to verify your identity and how to then make a deposit and withdrawal from an online operator. So let’s begin with how to set up an account for casino sites with PayPal:
- First, you will need to visit PayPal’s website and click the sign-up button that is visible in the top-right corner.
- You will then need to select the account type that you would like to create. You can either choose to create a personal or a business account. The differences between the two accounts will be discussed later. Once you have chosen your account type you will click the continue button.
- You will then get a form that you need to fill in. The information you will need to enter is your name, email address and password. Once these fields have all been filled you can then press the continue button.
- The next form that you will see is for you to enter your address (that is your physical address) and other required information. Once you have filled in all of these fields (all of the ones marked as compulsory at least) then you can click the continue button once again.
- There is an optional fifth step where you can then click the blue get started button which brings you to a form where you can add in your credit card info. And click the add card button.
You can always find out more about online payment options right here at LVH. We aim to bring all of our readers the latest information from the online gambling scene.
- Lastly, you will need to verify your email address. You can do this by clicking the link in the email that PayPal would have sent to you for this very purpose.
Average time of payment when using PayPal
PayPal prides itself on being one of the safest online payment services and thus their internal security system monitors each transaction before it is released. The time that a withdrawal or deposit will take can be anywhere from instantaneous to a few days, depending on how reliable the bank on the other end of the transaction is.
If you don’t want to use PayPal to fund your gambling, you can check out these online casinos accepting bank transfers. Usually, withdrawals can take anywhere from 2 to 72 hours. Two hours is the most common time for a withdrawal to be checked by the system, however, if a transaction seems out of the ordinary a withdrawal can be withheld for a few days for further review.
Withdrawals are withheld for different reasons. Sometimes you may have received an unusually large amount of money for your account. Other times it may be that you logged into your account from an unsecured and unknown network. This may even happen if you had recently changed your account settings.
Once all reviews of a transaction have been completed and no issues were returned by the reviews of the transaction, your withdrawal will show as “completed”. The withdrawal will then be sent to your bank to be processed. A withdrawal should never take more than about 3-5 working days. This time frame will be dependent on your bank’s processing times.
If you are depositing funds then the timing of this process will depend on how reliable the bank that the funds are sourced from is. For instance, if you put money in from an existing PayPal balance or from a credit card account affiliated with a major credit card company then your transaction will be completed almost immediately.
If your funds are sourced from a bank account it will usually take a little longer – up to a few days. It is important to be aware that in the situation that the source account is immediately debited, it is incorrect to assume that the transaction has necessarily been completed. It is only when the PayPal status has moved from “pending” to “complete” that a transaction has definitely been cleared.
Verifying your PayPal account
After you have figured out which casinos accept PayPal, you will need to verify your PayPal account before you can actually use it. You can do this by doing the following steps.
- Go into the PayPal app or onto the PayPal website and click the wallet tab. You can then select the card that you want to verify.
- You can then click the confirm card link and then check OK when the message box comes up. Please note that after you click OK, PayPal will charge a small amount to your card.
- You can then look at your credit card statement, where the small charge should be visible. Alongside the charge, there will be a four-digit code. Remember this code!
- Go back to PayPal and click on the Wallet tab again.
- Select the card that you want to verify – the same card that you selected before.
- Enter the four-digit code from before into the box provided and then click confirm.
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PayPal’s rich history
PayPal was first established in California in 1998 and was originally meant as a simple online money transfer service. PayPal is a third-party payment processor that allows quick, easy and anonymous transactions online. Since the early 2000s, PayPal’s popularity has increased exponentially and the payment platform now has over 300 million active accounts in countries all over the globe.
The idea behind PayPal was to provide a cheap and efficient service for digital payments for all of Confinity’s users, both business and personal. The initial idea was simple, but genius in the post-internet world of the early 2000s. Convince customers to share their emails, banking and credit card information in return for fast, cheap payments.
The company then decided to focus only on payments made over the internet. No one at the time was focussing on a digital payment platform between consumers and businesses, a gap in the market that PayPal exploited to quickly become one of the most widely used payment methods in the world a mere 2 decades later. There are plenty of options of casino with PayPal deposit options that can be used to fund your account and the rich history should serve as a testament to the security of the transactions.
PayPal compared to the competition
PayPal is unique in that it is incredibly secure. PayPal has a transaction dispute resolution mechanism that will protect both the buyer and the seller in a transaction. Money can be held up in an account for up to as long as 180 days if there is enough proof of a transaction scam. PayPal is not however the only mobile payment system available and we can compare it to other similar payment methods.
For instance, Venmo is a mobile payment system that is very popular for internet transactions. Venmo acts as a digital wallet that allows the user to send money to their contacts in a more personal way than with PayPal (Venmo is a subsidiary of PayPal so it makes sense that the two payment systems will seek to corner slightly different markets). Venmo is almost like a social media platform where you can leave comments about a transaction and interact with your friends.
If you pay by credit card with Venmo then there is a 3% charge – which is much higher than with PayPal. Venmo is typically used for sending money to friends and acquaintances – anyone you know personally. If both parties have Venmo then transferring money from one person to another is almost effortless. As effortless as Venmo is, it is not meant for business transactions and is not as interested in protecting both parties in a transaction as PayPal is.
Google Pay is another popular mobile payment system which allows you to send money from your bank account through your Gmail account for free. Google Pay allows you to make purchases online and in physical stores – the ones that accept Google Pay as payment, that is, which are far fewer than the stores that accept PayPal. Google pay is also very serious about its security protocols. Whenever you send money, your financial information will be encrypted, which makes Google Pay a serious contender for PayPal.
Like PayPal, these mobile payment methods are very useful for paying money into a gambling account and for more information about how you can use various mobile payment apps check out this list of casinos that accept cash apps.
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Which are the most popular online payment methods?
Many new users of PayPal online casinos ask themselves, which payment method should I use? Is this payment method really secure and legitimate? Well, PayPal is by far one of the most common online payment methods and for good reason. PayPal’s long history as an innovator of the industry has made it the industry bar to which all other online payment methods are compared.
PayPal is convenient, easy to use and secure. It is accessible and accepted worldwide, unlike a large portion of newer payment portals. It is very security conscious and aims to protect all of its users during each and every transaction.
We do realize that every reader has different needs when it comes to online casinos using PayPal and the service may not be for everyone. Other popular online payment methods include:
- Venmo, which is being used mostly by a younger market as an easy way to transfer money to friends.
- TransferWise which is essentially PayPal, but specifically for transferring money internationally.
- Google Pay which we have already discussed.
- Payoneer, which is used by freelancers and working individuals, specifically because Payoneer has a relationship with many popular freelance work websites.
- Others such as 2Checkout, Intuit and Stripe. Check out our Skrill casino online page for more info on Skrill as a payment method.
Is PayPal only for online payments?
No, PayPal is now widely used throughout the real world and many shops accept PayPal as a method of payment. Many businesses will also be willing to pay you with PayPal. Also many casinos accept PayPal as a way for users to deposit into their player accounts.
Are there PayPal tax obligations to worry about?
Yes, there are. Just as with any bank account, earnings that you put in your PayPal account can and will also be taxed. Like your PayPal, your American Express card will also be taxed. That being said, if you enjoy gambling, are based in the US and don’t want an online casino that accepts PayPal. Check out this list of online casinos that accept AmEx.
What does it mean if you get an error message saying, “Payment Pending”?
Sometimes you will get an error message saying “Payment Pending” when trying to deposit using PayPal. This could be because you have not set up your account properly or completely. To rectify this, check your PayPal account and update or add any information that is either missing, incorrect or outdated. Once the mistakes that caused the error message have been rectified, then the payment should go through automatically.
Why is my account restricted?
If a payment was blocked because your account was restricted then you may want to just change the setting in your PayPal profile. If manually changing the setting on your profile doesn’t work then it is unfortunately your duty to check your profile for mistakes and update it to correct these mistakes. PayPal in most cases can not see the exact reasons why a payment was blocked.
What does it mean if I have no payment source available for fees?
PayPal changes money on both ends of transfers. Due to this, you may have to pay a fee for receiving money, which is why it is strongly recommended for you to have an amount of money in your account at all times to cover for fees when you are getting money put into your account.
Conclusion – Is PayPal the best option?
A PayPal online casino will offer the option for customers to use PayPal as their primary means of financing their gambling accounts. This is because PayPal is secure, fast and easy to use. Whether you’re paying bills or making online purchases, PayPal works hard to keep you and your financial information safe. PayPal allows you to shop online without having to enter all your financial information every time you shop and not only is PayPal free you can also use your PayPal account to transfer money locally at no extra cost. If you’re still not satisfied, you can always check out our page of online casinos that accept credit card options.
Online Casinos That Accept PayPal FAQ
🎰 Do online casinos accept PayPal?
Most providers that provide the payment method will specifically say on their websites that they are online casinos that accept PayPal. You can check whether a casino online accepts PayPal by checking out our website here at LVH. We have gone through all the online casino payment options and determined whether they are one of the many online casinos that take paypal.
💵 How do you make an online casino deposit with PayPal?
You can make an online casino deposit with PayPal by creating a PayPal account and verifying it and then finding a PayPal casino online, i.e. an online casino with PayPal that accepts PayPal as a way to deposit online with PayPal. There are a number of steps to make the transfer online into the account of one of the online casinos with PayPal. We run through all of these steps and detail exactly how you can use online casinos PayPal service right here on our page.
🥇 Is there a list of online casinos are using PayPal?
If you have wondered, “which online casinos accept PayPal?” then you will surely be after a list of PayPal online casinos. We have compiled one right here at LVH and made it readily available to all of our readers. Head to our page now to find out more about PayPal casinos online and how you can go about making use of the electronic payment service. There is plenty to learn about the online gambling industry within our service and all of the information is provided free of charge.