Content:
- What’s the matter with PayPal withdrawals?
- Online casino PayPal withdrawals & deposits
- Are there withdrawal fees?
- How to register with PayPal
- How to cash out money from PayPal
- Pluses and minuses of PayPal gambling
Instant withdrawals and deposits, convenience of interface, and 100% safety — this is all about PayPal. The e-wallet has proved itself as the best payment option for players. However, not all online casinos in the Philippines accept PayPal. Check out the following ones that do.
What’s the matter with PayPal withdrawals?
PayPal is an electronic wallet that was created in the US in 1998. It has grown to be the world’s leading payment system. It works in more than 200 countries and serves customers who want to shop online, make person-to-person money transfers, play real money games, and even pay physically using the card.
PayPal is so widely spread that it can be used almost everywhere. However, there’s an issue between PayPal and online gambling. Its policy prohibits gambling-related transactions, including payments for sports wagers and games.
Only approved PayPal gambling merchants can offer their clients to deposit and withdraw with the e-wallet. And it’s not the majority of casino brands. Only some casino sites in the Philippines accept PayPal. So you need to be very careful when looking for an online casino PayPal withdrawal.
Online casino PayPal withdrawals & deposits
All transactions are pretty straightforward. For both deposits and payouts, you need to do the following:
- Go to the cashier section on the casino platform.
- Tap to deposit or withdraw, depending on which transaction you’re going to make.
- Select the e-wallet from the list of options.
- Enter how much money you’re ready to cash out or deposit. Mind the limits.
- Enter the details of your PayPal account and confirm the request.
Now, obviously, you wonder how long it takes for money to reach the destination. Deposits are instant and your money is on the casino account as soon as you’ve finished the transaction.
But withdrawals may take a little longer, though usually no longer than 24 hours. So you can expect your winnings within a few hours after the request has been sent and approved.
If you don’t get your money on time, you can contact a casino assistant via live chat and ask what’s the matter. They will double-check and try to facilitate your withdrawal
Are there withdrawal fees?
When it comes to transactions between your casino and PayPal, the latter will not charge you anything. However, your casino can. We advise you to check this before signing up at the casino.
How to register with PayPal
If you’re thinking about using PayPal for online casino games, you need to have an account with the payment system. Since it’s a digital wallet, you need to create an account via the PayPal mobile app or official site. The mobile app is more convenient. So if you’re going to use the service regularly, we recommend you download the application.
Then, follow these steps:
- Create an account by tapping the “individual” button. PayPal will give you two options for personal use and business.
- Fill out the sign-up form. Make sure to provide the right email and phone number.
- Activate your new account by following the instructions on the screen.
- You’ll be asked to verify your identity. This is an obligatory step. Without it, you won’t be allowed to transfer money. Within this step, you need to attach a copy of your bank statement, ID card or passport, and the income tax number.
- Finally, link your bank card to your PayPal account and finish.
PayPal works with your bank account or a debit card. And as soon as you sign up, first, you need to link your debit card/bank account with PayPal. Don’t forget to verify your identity and that’s it! Now, you can send money to trusted online casinos and receive winnings back to your PayPal account.
The good news is that many gaming operators will allow you to withdraw without documents. This is because you’ve already provided them to PayPal, which means you’re a real person with a verified identity. So next time you gamble, you might skip this step. However, it depends on the casino.
How to cash out money from PayPal
After your successful online casino PayPal withdrawal, you can leave the funds on the PayPal account and use the service’s physical card, for example, for payments. But if you want to transfer your casino winnings to your bank card or a bank account, you need to take additional steps:
- Log in to your PayPal account on the official website.
- Go to the Wallet page.
- Tap to transfer money and proceed to withdraw from PayPal to your bank account/bank card.
- Choose a bank account that is linked to your PayPal.
- Enter how much you wish to transfer.
- Double-check the data and confirm.
You can use a PayPal mobile app for withdrawals. It’s even easier because all you need is to tap the withdraw money button.
Pluses and minuses of PayPal gambling
Since PayPal is one of the favorite methods for paying for goods and services, it has more advantages than drawbacks. The biggest of them are:
- security — PayPal uses the latest technologies to provide total safety of funds and data;
- fast speed — transactions are really processed immediately. Although you can’t say this about withdrawals, they are still faster than all other payment methods;
- withdrawals are allowed — many online casino payment methods don’t support withdrawals, but PayPal does. And this is why it’s chosen by many Filipino players;
- reputation — PayPal is partnered with trusted and licensed gambling operators only. So you can be sure that your gambling experience will be at the highest level;
- convenience — PayPal transactions are very easy to make. Using the help of the PayPal mobile app, you can manage your funds very quickly.
With all these pluses, you can turn a blind eye to the minuses. They are not that significant in contrast to the benefits. But anyway, you should mind that PayPal transactions can go with fees. And there aren’t so many gaming sites to choose from because PayPal works with the selected ones!
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