PayPal is easily one of the most popular payment methods for online transactions. It is highly reputable in the business community and is used by prominent new online casinos in the UK and Denmark, where PayPal still is legal for gambling transactions. In Germany, they shut down in 2019. UK based casinos love PayPal because of its dedicated service that enables them to make prompt transactions with their customers. Find a top list of the best new PayPal casinos below.
7 New casinos supporting PayPal
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To deposit, go to the cashier of the selected casino, click deposit, and submit your verified email address. From there, the company will process all your transactions promptly. To withdraw, click ‘withdraw’ indicate amount, and the money will go to your PayPal account. However, some new casinos online may delay the payment for one or two days, depending on their clearing policy.
Is PayPal secure?
PayPal is one of the safest e-commerce payment platforms and has rigorous security measures to protect users from fraudsters. Its security measures are consistent with the best practices for financial institutions in the UK and the US. It also continually monitors its systems for vulnerabilities and makes regular updates. If you feel that a more or less reputable new casino has short-changed you, activate the company’s Buyer Protection program by reporting the transaction to hold up the money while they handle the dispute. The company encrypts all customer information to minimise the risk of data breaches. It is safer than using credit cards on casinos because it does not reveal your credit card number.
Can PayPal for casino deposits only be used in the UK?
It is possible for customers to use it for making deposits only as long as the new online casino is licensed in the UK or Denmark. All customers need do is put funds in their account, then visit a participating new online casino and deposit money. The money will reflect immediately, allowing the user to start playing at once.
Can PayPal anonymously be used on new casinos?
It is possible to use an anonymous account on some new casinos, because all players need to do is provide a verified email to complete transactions.
Is there an age limit?
The company only allows transactions by adults implying that only EU citizens aged 18 and above can open accounts and complete transactions on the platform.
5 Common reasons why PayPal declines a transaction
• The company can refuse a fund transfer if you violate any of the company’s security protocols. One of the reasons is abnormal activity in your account. In such cases, the management limits or blocks the account pending investigations. • A payment can be denied if the casino refuses to accept it, or the card company refuses to complete the transaction. Some casinos refuse withdrawals if the amount involved exceeds the initial deposit. • It may also be that you have entered the recipient’s email address incorrectly, or you have not confirmed your email address. • Another cause of denial is if you do not have sufficient funds in your account to cover the transaction. • The payment can also be pending if the recipient has not claimed it. It may be that the recipient has not confirmed your email address as a source of funds on their account. If they fail to claim the payment in 30 days, PayPal refunds the money.
What is the difference from other payment methods for online casinos?
PayPal is much more secure than other money transfer methods due to its superior security protocols. The company only allows casinos to use its services in countries where they have a gambling license. The company has a dedicated team for processing casino transactions that help users deposit or withdraw funds instantly. However, other payment methods convert and allow withdrawals in more currencies than PayPal. For instance, Skrill accepts withdrawals in four currencies compared to two for PayPal. The company also tends to have higher fees than its competitors, especially when currency exchange may be involved. Moreover, other payment methods, such as Neteller, allow money transfers to other online payment companies. Competitors also have lesser scrutiny of new casinos allowed and fewer restrictions on money transfer.
Main pros with PayPal?
Most of the prominent casinos in the UK accept it as a payment method. The company accepts and converts over 25 currencies and is available in over 180 countries, making it the most globally recognised online payment method. The other advantage is that it is a stamp of approval of the credibility of a casino. Simply put, casinos that use it are likely to be more reputable than those that do not use it. The company has robust regulations for business accounts, and shady casinos tend to be banned after it receives numerous complaints from users. Further, it will only process transactions if the casino has a license to operate in the UK.
Main cons with PayPal?
The company is prone to withholding funds for a myriad of reasons. Users must comply with all regulations, or their hefty casino winnings may be held up for months.Most of the casinos that do not accept it also happen to be the ones that offer the most tantalising bonuses. Players who take the risk stand to win big prizes.
How do I get a PayPal?
To create an account, you only need to visit the official website and click ‘sign up’ in the top right corner. Alternatively, you can search the app store of your Smartphone and download the app. On the website, fill up the signup form to open a standard account. You will need to provide information about your email address and create a strong password that you will be using to log in. Other details include name, phone number, and physical address. Make sure the email is valid because the company will require you to verify it before it becomes your default payment method. After that, you have the option of adding a card or a bank to your account. You can add your credit or debit card that is supported by Visa, MasterCard, and Discover. The card helps you verify the account and complete transactions without hiccups. Alternatively, you can enter the details of your bank account by clicking the tab asking you to link a bank.
Below you can see a sneak preview of the next new casino to be launched in the nearest future.