Paypal is a very popular eWallet system, available internationally. There are many Paypal Slot Sites in the UK for those who like to use this payment method to make deposits and withdrawals to and from their casino account. For real money slots Paypal is convenient, secure and simple to use, with the principle advantage that the customer does not need to share their bank details when making a purchase. For those who enjoy Paypal Slots UK customers have a good range of sites to choose from.
Hugely popular payment option for UK slots players
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
Here is The Slot Buzz list of the latest UK slot sites that take Paypal. All these sites are UK licensed and have been reviewed and rated by our team.
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 and credit 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 Paypal account 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 Paypal account log in details.
Using an eWallet 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 credit or 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, credit 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, debit or credit 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 and credit 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 to Paypal, 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.
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 or credit card, although there will be no fee charged by Paypal, your bank or credit card company 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.
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