PayPal & Online Gambling Deposits
PayPal is one of the most popular e-wallets in 2015 and is used for transactions on renowned sites like eBay. As a third party processor, you are able to deposit money into your account without storing sensitive information or giving it out to random sites. As such, PayPal has become a favourite South African payment method for online gambling sites.
Due to the strict PayPal gambling regulations, many gamblers from countries like the Australia, cannot make a real cash deposit with the payment service. This has led to players to having a hard time finding reputable casinos that accept PayPal.
Even though as a South Africa resident, you are legally allowed to use this service, it can still be a hassle to find PayPal casino rooms. To relieve this burden from you, we have sourced the top PayPal online gambling rooms. These sites are not only known for their easy payment solutions, but also have:
- Huge selection of real money games
- Quick, simple PayPal deposits
- Impressive pay-out percentages
- 24/7 customer service
- Generous welcome bonus for South Africans
What is PayPal?
As an e-wallet, PayPal works like a bank account for use at online retailers. Signing up is free. All you will need is an email address. You can then use your debit or credit card to make a purchase. You can also link your bank account to PayPal. From here, you can transfer money into your account, which you then can use to make deposits at our selected online casinos. When you have won real cash by gambling online, PayPal is a practical payment method to withdrawal your winnings as long as the casino allows it.
PayPal is one of the most well-known electronic payment systems and is supported around the world.
How to use online gambling sites’ PayPal payment system
Using PayPal to make a deposit into your gambling online account is simple. If you don’t already have a PayPal account, you will need to sign up for one. This takes a few minutes. To get money into your PayPal account you can use your credit or debit card (which is instant) or you can link you bank account and transfer money into. Keep in mind that you must verify your PayPal account for the latter option. Therefore, you should allow up to 5 days before the funds are available to use.
Once the money is available in your PayPal account, login to the casino and go directly to the cashier. Select PayPal as a deposit option and follow the easy instructions. Within a minute or so, the real money will be ready for you to make wagers with. Now all you’ll need to do is select your favourite SA casino game.
How fast will I see my deposit or withdrawal?
When you deposit into your casino account, PayPal will transfer the funds immediately. When you withdrawal your real money winnings, the casino must clear the funds. After, the transfer is instant. In total, this process could take up to 48 hours. This South Africa payment method is by far one of the fastest cash out times.
Minimum and maximum limits for online gambling PayPal transactions
Usually the minimum deposit for PayPal at an online casino is between R100 – R200, but there may be exceptions. The withdrawal limits are determined by the SA casino and PayPal. They will also depend on your account status and whether or not it has been verified.
Benefits of using PayPal
When gambling online, PayPal is a very suitable payment method. The following are just a few reasons why South Africa gamblers love PayPal.
Security – When it comes to safety and security concerns, PayPal can give you peace of mind. Using a 128-bit encryption, which is what online banking uses, PayPal will keep your sensitive data completely safe. The casinos will not see any of this information, nor would they have access to it.
Withdrawals using PayPal are some of the fastest available. Typically they are completed in two days or less, much faster than what you’ll get with most methods.
PayPal card – You may be eligible for the PayPal debit card. As soon as you get your winnings, you can use this card to purchase that new mobile you’ve been eyeing at the mall.
Keep track of records – PayPal will let you view a detailed list of all transactions. This will help you to keep track of all your money spent having fun and monitor your winnings.
Converted into Rand – Currency conversion can be slightly annoying with online gambling. PayPal will convert your real cash automatically. Now, you can save that brainpower for a game of Blackjack.
Things to consider before you start playing
With online gambling, PayPal may seem like a great option. Before you go ahead and make your deposit at our top recommend SA casinos, there are a few things to consider:
Verification – At some point you will have to verify your identity with PayPal. When you do this, make sure all your information is 100% correct and matches your bank details. Otherwise, the site may freeze your account pending investigation.
Fees – There are small fees attached to using PayPal. These incur when you transfer money back to your bank account. You may also run into fees when you transfer winnings from the casino to PayPal. To be safe, confirm with both sites.
Start playing at the top internet PayPal gambling online sites
Now that you’ve read all about PayPal casino deposits and withdrawals, it’s time to find the best site to play on. Head now to our ratings and reviews to discover the best gambling rooms to kick back, relax and enjoy a bit of fun.
See our choices for legal South Africa online casinos.
What is PayPal?
PayPal is a popular electronic payment method that’s used around the world to send and receive money.
How does it work?
Users deposit money from their bank or credit card into a PayPal account and the account is used to transfer money and make payments with different companies or people around the world.
Do they allow online gambling payments?
PayPal works well for online gambling payments in countries where gambling is legal like South Africa for sports betting.
How quick are transactions?
PayPal transactions are incredibly quick and once casinos are finished processing payments they can happen in just minutes or hours rather than days like with some other methods.
How do they compare with other options?
PayPal is one of the fastest and simplest payment options available for use on the Internet. It’s a solid method for sending and receiving money.
Do I have to pay fees?
PayPal does come with some fees, but usually the casino pays those. It’s possible you might be charged a small processing fee by the casino when withdrawing money, but this is a casino policy, not PayPal’s.
Is it safe to use?
PayPal is a highly reliable service with a proven track record. As long as you use the service responsibly and don’t deposit your life savings into your account it’s going to be safer to use than a typical bank account. A small portion of your money is available for gambling and the rest can reside safely in your bank account until you want to use it. PayPal serves as a border between the two.