As one of the most popular e-wallets all over the world, PayPal is a safe, convenient, and readily accepted choice for sweepstakes casino transactions. We will discuss how to set it up, some benefits and issues, who itâs best suited for, and other important things you need to consider in more detail. First, look at some of the best PayPal sweepstakes casinos available to US players.
To decide whether this sweeps payment method will fit your playstyle and meet your needs, youâll need to go over all the pros and cons weâve outlined and see if the math adds up for you. Be sure to consider every point carefully before you move on.
Are you new to PayPal or you simply havenât used it in sweepstakes casinos before? Itâs a fairly user-friendly platform, so you wonât have much trouble getting used to it as long as you follow these basic steps.
In a few simple steps, you can successfully deposit funds from your PayPal directly to your casinoâs balance.
There are many casinos where you can make PayPal transactions, but we have selected a few that stand out to us. Pick one, create or log into your account, and look for a deposit section.
When you find it, simply select PayPal from the various payment options provided by the casino. Select it as your primary deposit method. Before you move to the next section, make sure to learn the minimum deposit amount.
Consider your budget, and fund the amount you wish to deposit. Some sweepstakes casinos offer an option to set your monthly or weekly deposit limit so you can pace yourself and gamble responsibly. Once you determine the amount youâd like to fund, a secure pop-up window will appear, prompting you to log in to your PayPal and approve the payment.
Your deposited funds will appear instantly or within a few minutes.
After playing some games, you will want to withdraw, so letâs see how that works with PayPal.
To withdraw your money, follow the steps below.
Log in to your casino of choice, and open up the payment settings. Among the list of available payment methods, you will need to find and select PayPal.
Make sure to get familiar with the casino’s payment policy. Some casinos have withdrawal limits and minimum withdrawals, so keep this in mind when deciding on the amount you wish to withdraw.
Youâll have a chance to review your withdrawal details and confirm the transaction. Make sure that you have entered all the details as youâve planned and confirm the request. Withdrawals usually take 1 to 3 business days, although some casinos may process them faster.
Generally speaking, when playing sweepstakes casino games, there are 3 types of fees to look out for. Weâll go over each one.
Deposits made through PayPal usually have no additional fees attached. Some casinos might surprise you with hidden fees, but you should check reviews before you start playing games at a casino. If there are hidden fees, other players will let you know.
PayPal doesnât charge any fees for cashing out in sweepstakes casinos, but the site itself may have a fee, usually in the range of 2% to 3%. For the upper end, withdrawing $200 will incur a $6 fee, so in effect, your takeaway sum would be $194.
If you want to transfer funds using PayPal instantly, then you can welcome something called an instant transfer fee, which will speed up the transfer, but it will cost you about 1.75% of the transaction amount, which is not ideal. Avoid it if possible.
This only applies if a casino is using a different currency than you have on your PP account, and it is set at 2.5% over the base exchange rate. It equates to a $2 charge for a $100 conversion, but this quickly adds up for larger transactions, so make sure you use the same currency as the casino.
Alright, now that you know a bit more about all the ins and outs of the fees and PayPal casino transactions, itâs time to learn a few useful tips that will help you get a bit more out of this payment method.
To give yourself a bit of wiggle room, you can connect a bank account and a separate card, even a second backup card, to your PP. This will allow you to seamlessly transition between funding options when your PayPal balance gets low and needs a boost.
Some deposit methods for sweepstakes casinos can be painfully slow, which is not what you want when there is a big promotion or you just have enough time to play a couple more rounds. Going with the Instant Transfer feature speeds things up a lot.
When signing up to different casinos and for any other type of online purchase for that matter, youâll want the added security of two-factor authentication. Every login and every payment will be verified manually through a code, so thereâs less risk of someone hacking your account.
If you have never used PayPal before, letâs go over the whole process step-by-step
Step 1. Sign up and select the account type.
Go to the official PayPal page to sign up. The first thing you need to do is to choose either a personal or a business account. A personal account is probably a better choice for casual use since you wonât need all the extra options that come with a business account.
Step 2. Provide personal information.
The first thing PayPal will ask you to do is add your country of origin and a phone number. You will then receive a message on your phone to confirm youâre a real person trying to make an account. After this quick verification, you will be able to add other personal information, such as your name, physical address, and email.
Step 3. Link payment method.
The final step is to add a payment method. You can use your credit or debit card and connect it to PayPal. Once you do, PayPal will make a small deposit, usually up to $1, to confirm that the card is really yours. After you confirm the transaction details, you will become a proud owner of your personal PayPal account.
Of course, not all payment options are perfect, and PayPal definitely has its little list of shortcomings. We will focus on the biggest issues that players come across and give some quick solutions.
đProblem: A lot of sites do not accept PayPal due to gambling restrictions.
đ Our Solution: Look through our list to find a site that is compatible with it.
đ Our Solution: Try other options like Neteller casinos and Skrill sweeps sites, which are sweepstakes casino staples.
đ Problem: Some social casinos will exclude PayPal deposits from various bonus offers.
đ Our Solution: Be careful and read the terms and conditions on each site, even those that accept PP, as not all of them will allow you to get a deposit bonus using this method.
đ Problem: There can be verification issues that are slowing down your withdrawals.
đ Our Solution: Make sure to verify your account by providing all the necessary documentation before you start playing on sweepstakes casinos.
Everyone should be trying to gamble responsibly, but sometimes, itâs difficult to keep track of a bunch of small payments throughout the month, and these can quickly add up. If you donât want an unwelcome surprise on your next paycheck, try out some of these useful tips.
PayPay is certainly the most popular and widely known e-wallet out there, but even so, it may not be everyoneâs cup of tea. If you are on the fence about using it in sweepstakes casinos, have a look at what kind of players can really get the biggest benefits out of it.
While the casinos weâve listed here are all reputable and licensed, some people just donât like the idea of transferring money to different sites without some extra protection. Well, PayPalâs two-factor authentication means nothing goes through until you confirm it with the code sent to your phone.
With all the major data leaks in the past years, itâs normal to be a bit apprehensive about giving out your private information online. With PP, your banking details will be safe, and no casino transaction will show up on your bank statements, just a generic PP transfer.
There are certainly many bonus offers floating around for everyone, but for those looking for a bit extra here and there, a lot of casinos will have specific promotions for PayPal coin purchases. These are fairly regular, but just be sure to go over the wagering requirements.
This can also be a subcategory of the bonus-chasing type, as some players open accounts on many different social casinos to grab more bonus offers. Having PayPal as your payment option in all of them makes it easier to track your sweepstakes spending from across the web.
If youâd like to play at a particular casino, but PayPal is not among the supported payment options, you can try some of the following replacements. These are all reliable and offer similar benefits.
This is a highly popular option in the online casino community and has been around for a while, which is a testament to how reliable it is. Like with PayPal, you get instant deposits, though withdrawals can be a bit faster, usually within one business day.
Here is another trusted option with a good level of security and instant deposits with multiple funding options like PayPal, but with slightly faster withdrawals on average, often within a few hours. The fees are typically within the 3% to 4% range for deposits, so itâs quite similar, but cashing out will be a bit more at 2.5%.
You can set this payment method up within minutes and connect it to your bank account or card just like PP, but Google Pay has zero deposit fees, and they can be processed in seconds. The drawback is that not many casinos accept it as a cash-out method.
When setting up your PP account, the first step will be to sign up, leave the necessary information, and link a bank account, credit card, or both.Â
You can set up security measures like 2FA and verify your account with additional information (proof of identity) to get higher transaction limits. You then select it as a payment method in a casino.
PayPal Deposits take only a couple of seconds, but the withdrawals need a bit more time â usually within a day, but this can be prolonged up to three days if the casino takes longer to process the transaction.Â
All in all, itâs generally much faster than standard bank transfers for both buying coins and cashing out your winnings.
There are no fees associated with casino site deposits, though you may encounter a small fee for PayPal withdrawals in some places, around 1% to 3%. Of course, if you are playing at a foreign casino and using another currency, you can also have currency conversion charges of 2.5% to 4% over the base exchange rate.
Itâs difficult to give an exact number for these transactions, as they will vary significantly from one casino to the next, but a rough estimate would be minimum deposits within $5 to $10 and all the way to $10,000, whereas the smallest cashouts are $10 to $20, and the biggest ones in the $10,000 to $50,000 ballpark.
