Paypal is a very popular eWallet system used by millions of businesses worldwide. It is also accepted at many slot sites in the UK where players want a simple, safe and secure payment option with which to deposit and withdraw funds from their account. The principle advantage of using Paypal at any gambling site is that the customer does not need to share their bank details when making a purchase.
Here are some big reasons why you should use Paypal …
- Paypal is a SAFE AND SECURE method to play slots
- No need to share your bank details
- Withdrawals are the fastest of any payment option
- Its very simple, quick and easy to use
- Pick up a great bonus at any of our listed sites
This is our pick of the casinos with the Paypal eWallet option right now. All these sites are UK licensed and have been reviewed and rated by our team. Please check back as we add more all the time!
Why Use Paypal?
Of all the eWallet solutions for UK slot players, Paypal is perhaps the best known. Casino customers can transfer funds from their bank account into their Paypal account and then deposit and withdraw from their casino with relative ease. The Paypal account can also be used to facilitate debit card transactions.
For many reasons this is safer and more convenient than using a conventional payment method.
Security – One of the biggest advantages of any eWallet system is the level of security and comfort it offers. When using Paypal you do not need to share your bank account details directly with the site you transact with. This reduces the risk of fraud. All you have to do is log into your eWallet through the casino cashier window with your correct email address and password.
Remember, if you are using a shared computer, DO NOT tick the box to remember your log in details.
Convenience – When you start using Paypal as a payment method online you no longer need to have all your cards or bank account details to hand. All you need to know is your eWallet account log in details.
Using an service like this is also convenient because it can help you to manage your online gambling budget in one place without mixing up your casino transactions with other day to day spends. If you use your eWallet like a bank account exclusively for gambling then it’s easy to see your gambling balance, deposit and withdrawal history all in one place without other transactions getting in the way.
This is ideal if you like to set aside a monthly or weekly budget for your gambling and stick to it. It also helps if you want to build up a balance of winnings to spend on yourself.
Quick – Speedy withdrawals are another reason to use Paypal slot sites. Withdrawals into your eWallet are generally quicker than debit card transactions and once processed by your slot site they will appear almost instantly in your account. From there you can choose to withdraw the money to your bank account or spend it at another online store or gambling site. If you do choose to withdraw to your bank account remember that you will need to wait a further 2 to 5 days to see the money.
Is Paypal Legal at UK Casinos?
In any jurisdiction where gambling is legal then Paypal may be an accepted form of payment. Outside of the UK there are many territories where online gambling is more heavily regulated or simply illegal. This includes the majority of states in Northern America. Happily, in the UK we are open for business!
Whilst Paypal is a very popular payment solution accepted by many online casinos in the UK there are still some that do not take it. Use The Slot Buzz guide to get the latest list of legal slot sites.
Casino Deposits and Withdrawals With Paypal
Using Paypal to deposit at a UK slot site is quick and easy to do. Many of us already have an account that we’ve used on another gambling site or at an online store or at eBay. If so, just follow these easy steps:
- Log into your casino account
- Choose Paypal from the deposit options
- Choose the amount to deposit
- You will be prompted to log into your Paypal account
- Deposit from your Paypal balance, or any linked bank account or debit card
You always have to provide your Paypal log in to confirm the transaction. The name of the account must match your casino account, but the email addresses do not need to match.
Setting Up a Paypal Account
If you do not already have an account then you will need to set one up. This is fairly straight forward. Firstly, you will need to fill in a few details – your full address, your first and last name, your email address, your mobile number, date of birth and a password.
After you have set up your account it can be used in several ways:
- Follow the instructions on the website to transfer funds from your bank account to your Paypal account. NOTE: This is recommended if you want to use it like an eWallet to manage your gambling budget. Funds will normally appear in your Paypal account within a few minutes. You can deposit directly from there to your casino account.
- Link your bank account or debit card to your account. Then use Paypal to facilitate deposits and withdrawals without sharing your bank account details with your casino.
Slots Withdrawals With Paypal
One of the great advantages of eWallet systems over bank cards is the speed of withdrawals. Whilst debit cards can take up to 5 days to be processed by your bank, a withdrawal to an eWallet will often be instant, or at the most 24 hours.
To make a withdrawal just follow these steps:
- Log onto your casino account
- Choose Paypal from the withdrawal options (NOTE: many casinos will default your withdrawal to your original deposit method)
- Choose the amount to withdraw
- Depending on the ‘pending’ period of your casino, your withdrawal will usually be processed and appear in your account in up to 48 hours
Paypal Security and Buyer Protection
Paypal operate a secure site. This means that your data is encrypted and transferred over a secure connection whenever you interact with them. Like any major financial institution, they also use the most up to date security features to protect the data it holds on its customers.
When using Paypal as your payment method at a slot site, or at any online store, you are also afforded more protection because you do not need to share your bank details.
Paypal also operate a ‘Bug Bounty Program’ which encourages customers and security researchers to report any vulnerabilities in their system. A bounty of between $50 and $10,000 is available, depending on the seriousness of the highlighted issue.
You can report potential Paypal security issues here.
Paypal Buyer Protection Policy And Gambling
Whilst there are many good reasons for using Paypal as a payment method at your online slot site, it is important to be aware when using this cashier option that you cannot claim money back for a deposit if you are unhappy with the service provided by your casino.
In the most recent update of their Buyer Protection Policy, published on their website on April 27th 2017, Paypal wrote that their policy DOES NOT cover, ‘Gambling, gaming, and/or any activity involving a chance to win a prize’.
This means that if you make a deposit with an unuscrupulous casino and feel that you want to take your money back then you will have no recourse to claim through Paypal. In truth, the reason the company introduced this clause to their policy was to prevent casino customers who had lost their funds after a bad run from trying to claim their money back via the Buyer Protection.
You shouldn’t feel uncomfortable with this set up. The protection you do receive, as with any interaction with a UK casino, is in the terms of the license held by your casino.
In their Acceptable Use Policy, Paypal state that businesses offering the following activities require pre-approval before transactions will be allowed:
‘Activities involving gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, fantasy sports, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not legally defined as gambling) and sweepstakes, if the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.’
In effect what they are saying here is that they will only accept business from licensed casinos. This is good. The best protection you are offered against ‘rogue’ casinos is always through the UK Gambling Commission.
Under this system, casinos accepting bets from UK customers must adhere to guidelines on fairness, safety and security. If you do have a grievance, then you should follow the recognized casino complaints procedure outlined on our pages.
Fees For Gambling With Paypal
The fees charged to use Paypal are pretty minimal, though you should always check with your casino to see what fees they may be adding on for different payment options.
There is no fee to set up your account. There is also no fee to be paid when using Paypal to pay for goods or services, including gambling online. Nor do you pay a fee when you transfer money from your account back to your bank.
When you use Paypal to facilitate a payment via your debit card, although there will be no fee charged by Paypal, your bank may charge a fee. You must check with the card issuer to confirm this.
The story of Paypal began with a security software company, Confinity, established in December 1998. The Paypal money transfer service was built by Confinity and launched in 1999. After that, Confinity merged with an online banking company called X.com, and in 2001 X.com ceased its other banking operations to concentrate solely on the money transfer business.
X.com was then renamed in 2001 as Paypal and the new company went public in 2002. One of the primary reasons for Paypal’s growth at this time was its popularity as a payment method on the online auction site, eBay. Paypal became so integral that eBay bought the service for $1.5 billion in 2002.
In 2010 it was reported that Paypal had over 100 million active user accounts across 190 territories and 25 currencies.
In 2015 Paypal Holdings Inc became a separate, publicly traded company.
Paypal Slots FAQ
1. Can I use Paypal to play slots in the UK?
Yes, you can use Paypal at slot sites in the UK. In fact, this is one of the most popular eWallet options for gamblers because of its widespread availability. If you already have a Paypal account then you can deposit in seconds once you are logged onto your casino, and making withdrawals is equally quick.
2. Which are the best Paypal slot sites?
With so many casinos now accepting Paypal it’s easy to find a new site to play at. The best ones all offer a wide selection of alternative payment methods alongside Paypal, a big game catalogue to choose from, and the benefits of a UK license. You can find a list of the best here.
3. Can I claim a slots bonus with Paypal?
Yes, unlike Neteller and Skrill, deposits with Paypal are usually included in new player promotions for free spins and bonuses at online casinos. You should always check the terms and conditions of any offer before you claim it to be sure of what you will get when you make your deposit.
4. Is it free to deposit with Paypal at UK casinos?
Yes, unlike some other eWallet or transfer options, Paypal is a free payment service at most online slot sites. You should check the terms and conditions pages before signing up to be sure. It is also free to withdraw and most transactions will be completed in a matter of minutes so that you can use your winnings the same day to make purchases elsewhere.
5. Is Paypal secure for casino payments?
Yes, Paypal is a very secure payment service for slots and casino players. You are not required to share any bank details with the gambling operator you transact with. You will only share these with Paypal. This reduces the risk of fraud. The service also uses the latest encryption technologies to protect your money during transactions.
6. How will my Paypal deposit show on my bank statement?
Paypal transactions show up only as ‘Paypal Payment’ on your bank statement, without the name of the third-party vendor. To properly monitor your Paypal account activity you need to log into the Paypal site where you can view a list of transactions as you would in your bank account.
7. Can I make withdrawals to Paypal as well?
Yes, withdrawals can be made to your Paypal account. If you have deposited with Paypal then your withdrawals will automatically be processed back to the eWallet as well. Transactions are processed instantly, unlike debit card payments which can take up to 5 working days.
8. Can I use other payment methods at Paypal Slot Sites?
Yes, all slot sites that accept Paypal will accept other payment options too. Other eWallet services like Skrill and Neteller are also commonly found at these sites, alongside traditional debit cards, and mobile payment options too.