Paypal Casinos
Casinos that accept Paypal as a form of deposit or withdrawal are difficult to find for many players. In fact, no online gambling sites that accept players from the United States accept Paypal as a form of payment. However, if you have a Paypal account, you may find that you still have a few options by either obtaining their debit card or using EWalletXpress to ultimately fund your online gambling account.
Fees and Costs
The normal receiving fee of 3% applies to most Paypal accounts for receiving any funds. As you will be using another method of depositing or withdrawing funds to and from an online gambling site, the fees that are imposed on those electronic payment methods will be imposed if you choose to fund your account with Paypal.
Who Uses Paypal
Paypal is almost like having another bank account at your disposal. Not only do they support transactions on the Internet with top speed and security, they also support physical transactions with their debit and credit cards. Depending on your method of using your Paypal account to fund your online gambling account, you are allowed to make a daily deposit of up to $10,000 with no monthly limits. This makes Paypal very attractive to people that wish to make large deposits to their online gambling account.
Background
As one of the leading e-commerce businesses on the Internet, it seems perfect that Paypal would be accepted as a viable payment option to fund online gambling. This is, however, not the case on most online casino websites. Emerging as a 100% owned subsidiary of the popular online auction site eBay in 2002, Paypal is one of the most widely used payment methods on the internet (excluding credit cards).
Using your Paypal Account at Online Casinos
There are two options that you have when using your Paypal account to fund your online gambling sites. The first is by obtaining the debit card offered by Paypal. As this card is licensed by Mastercard, it will be processed by any online gambling site as a Mastercard rather than a Paypal account. The funds will be drawn from your Paypal account exactly as if it was a bank account. As almost every gambling website on the Internet accepts Mastercard, this is likely your best option.
Another option is to use eWalletXpress to fund your online gambling website. Simply deposit funds into the electronic wallet from your Paypal account and use eWalletXpress to make deposits and withdrawals to and from any online gambling site. This is quite easy to do and avoids any risk of credit card rejection that is common in online casinos. Be aware, however, that you will be subject to both the fees charged by the online gambling site and fees imposed by Paypal for making transactions.