Online casinos have diversified their line of payment methods to suit even the most demanding players.
This has paved the way for people to use you and exotic banking instruments to load their accounts and withdraw profits. Electronic wallets have been around for quite some time and are among the most popular financial solutions to use at online casinos. PayPal is one of the most well-known e-wallets and it is likely that many bookies and casinos can use it on the Internet.
Instant deposits and fast withdrawals
Not only is PayPal accepted at many online casinos like JeffBet.com, but it is also one of the preferred payment methods for internet-savvy players. Electronic wallets have the advantage of speeding up money transfers, with instant deposits and withdrawals taking just a few hours. To put things in perspective, credit and debit cards, as well as bank transfers, can take up to a few days to complete the same transactions.
Another advantage of using PayPal at online casinos is that you don’t have to rely on alternative payment methods. This financial instrument can be used both ways, so after you deposit with it and spend the money in-game, you can go back to PayPal to collect your winnings. In this way, it also complies with the policies of most online casinos to mitigate the risks of fraud and money laundering.
Multiple currencies are accepted, so regardless of your country of residence, you will be able to deposit and withdraw money in your home currency. This has the advantage of further reducing the expenses associated with foreign currency exchange fees. If you don’t have money in your PayPal account, you can use the money on the credit or debit card linked to it.
Some limitations apply to PayPal
The vast majority of online casinos accept PayPal for deposits and withdrawals, but there are still a few that do not. Some will impose a blanket ban on all eWallets, while others will allow planters to deposit with Skrill and Neteller. This information is usually easy to find, simply by going to the payment method section and seeing if PayPal is available.
Another common restriction that applies to PayPal deposits is that many of them are not eligible for bonuses. Some casinos limit bonus eligibility to classic payment solutions and do not allow players to claim bonuses if they choose an e-wallet. Again, this information can be found by reading the terms and conditions of specific promotions before claiming bonuses.
The bottom line is that PayPal can be used at online casinos and is one of the most efficient payment methods available. Read the fine print to see if there are any restrictions that affect bonus eligibility, but you’ll usually get the best of both worlds. You can set up an account quickly and load it with cash just as quickly, so you can start your online gambling adventure right away.