PayPal as a Casino Payment Method
PayPal is a fairly common payment method with millions of users worldwide. Most individuals who make online purchases have likely used PayPal at some point, and the fact is you can even pay using PayPal when playing at casinos. If you enjoy playing in a PayPal slots casino, then this payment option allows for a convenient and secure way to manage your funds. Paying with PayPal is convenient for many reasons – most importantly, that you do not have to give anyone your payment details. It is also easy and very flexible.
How Playing with PayPal Works
When playing at a PayPal casino – that is, at a casino that uses PayPal as a payment method – you will have to have a PayPal account so that you can proceed with the payments. This account opening is quick and simple, and then you link your bank card or account with PayPal so that you can make the payments.
How to Open a PayPal Account
- Click 'Sign Up' at the top right corner
- Select a personal account and select your country from the dropdown list
- Enter your mobile phone number and follow instructions
- Confirm registration – your account is now active
Connect a Bank Account or Card to Your PayPal Account
Once you have accessed your PayPal account, you have to link it with a payment method in order to enable transactions into your gaming account. You can link one or more cards or accounts – we leave the choice to you. Here's how to do it:
- Tap on 'Wallet' in the top menu
- Select 'Link a bank account' or 'Link a card'
- Complete the necessary card or bank account details
Deposits and Withdrawals to Your Gaming Account via PayPal
Once you have established a PayPal account in relation to your bank, you will be able to deposit to and withdraw from your gaming account. This is, however, subject to whether or not the casino you play at accepts PayPal as form of payment.
You sign in to your gaming account and go to your wallet. In a PayPal casino, there are usually various ways that you can pay, and you select PayPal. You then enter the sum you want to deposit and enter the requested information. The money is transferred automatically with a PayPal deposit so you can start playing immediately.
If you need to withdraw funds into PayPal, you must have made the deposit using the same method of payment. This is because Swedish online casinos allow only withdrawal through the same payment provider through which you deposited. To make a withdrawal, just type in the amount that you want to withdraw from your gaming balance, approve the transaction, and the money will be transferred into your PayPal account. The time taken to complete the transaction depends on several factors – the casino taking time to make withdrawals being one of them. If the casino is quick at making withdrawals, the money will reflect in your PayPal account in no time.
Pros and Cons of PayPal Casinos
Pros
- No need to share payment information with third parties
- Convenient to access
- Well-established provider with good reputation
- Instant payments
Cons
- Withdrawals sometimes get charged
A Safe Option from the Security Perspective
To all those interested in ensuring maximum security while they play at online casinos, PayPal is the best bet. Though Swedish casinos are ever-regulated and safe, it is never a wrong move to err on the side of caution.
When you use PayPal to make a payment, you never provide your card or bank number to anyone other than PayPal. PayPal acts as an intermediary between you and the casino. This limits your risk of your payment information ending up in the wrong hands, which is obviously always good protection against.
Other Payment Providers with a Similar Setup
PayPal is not the sole e-wallet provider. There are several other companies with the same setup that you might find at Swedish casinos, too. The two most used alternatives to PayPal are Skrill and Neteller.