PayPal is the most popular and most used online payment system on the internet, having millions of users worldwide. Although there aren’t many NetEnt casinos that support this payment method, the number is continuing to grow. On this page you will read all you need to know about PayPal: how the service works, the advantages/disadvantages, and in which NetEnt casinos you can use it as a payment method.
Website: www.paypal.com Type of payment: E-wallet
PayPal is an online payment system that is used for making online and mobile payments to persons, web shops and/or other pay sites. To be able to make payments using this method, you will need an email address and a conventional bank account or credit card that can be connected to your account.
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Founded in 1998, PayPal was one of the pioneers in making online payments before it was subsequently taken over by eBay in 2002. The company obtained an official European banking license in 2007 and continues to grow at a rapid pace, with more than a hundred million users from an ever-growing amount of countries and currencies.
The best feature of PayPal is that their online payment service is completely free of charge, as the end-users (consumers) don’t need to pay for money transfers. The fees for payments are instead charged to the sellers rather than the buyers.
If you want to make payments on the internet by PayPal, you need to open a “funding” account using your normal bank account or credit card. However, because the payments are not carried out directly from your bank account or credit card, sensitive (financial) information will never be visible for the party that receives the payment. Therefore, PayPal is a great online payment option for people who are afraid that their identity may be stolen or personal data misused.
PayPal also allows you to receive payments from other persons, online casinos, and other pay sites. The money that you receive in your account can be used to make other online payments, or you can cash out an amount to the credit card/bank account that it is connected to.
Despite its success, PayPal is still rarely found at the cashiers of online casinos. However, there are some NetEnt Casinos recommended by us that do accept this online banking method for making deposits.
Making a deposit using this platform is very simple.
On the website of the online casino, go to their payments page and opt for PayPal as the payment option. You will need to fill in the amount you want to transfer, after which a pop-up window will appear so you can login to your account. Follow the instructions on screen for the deposit to be processed.
Withdrawing funds from your casino account works virtually the same way as depositing. Just visit the withdraw page of the casino, choose the service as the withdrawal method, fill in the pop-up form and the money will arrive in your account.
There are several advantages of using this payment method in an online casino:
We can’t discover too many disadvantages of using this service to make online payments and deposits in online casinos. However, some possible disadvantages could be:
As stated, unfortunately there aren’t many NetEnt casinos that support PayPal. However, have a look at the top of this page where we’ve listed the NetEnt casinos that do allow this payment method.
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