On this page, we take you through each step needed for using Paypal on an online casino site as well as how you can withdraw your finds using Paypal at an Online Casino in India.
Best PayPal Casinos 2020
PayPal has become an extremely popular payment method for players at online casinos in India. Boasting more than 100 million customers worldwide, PayPal is the most widely used e-wallet. Below, we run through the processes of depositing and withdrawing funds at online casinos in India and address some of the most frequently asked questions.
How is PayPal used at an online casino?
PayPal is one of the most well-known payment systems. Most online casinos in India accept deposits and withdrawals via PayPal. This payment method is great for casino games such as blackjack, roulette and baccarat. Also, it is convenient for players who prefer to play slots.
Some of the best online casinos in India are defined by their authenticity and fair play. In order to use PayPal, you have to open up an account and you have to provide personal details – you will need to provide a proof of address as well as a copy of your passport and a recent utility bill or credit card statement. Players will have to add a credit card or debit card and they will have to verify their card details to fund their account.
Why should you use PayPal at an online casino?
Unlike bank transfers, which aren’t always reliable and quick, e-wallets such as PayPal comply with Reserve Bank of India (RBI) policies and adhere to strict standards for cross-border money transfers. This makes them a very creditable choice for online gambling transactions at online casinos in India.
E-wallets are renowned for their simplicity, and as far as PayPal is concerned, there are many reasons why they are accepted in Indian online casinos. As previously mentioned, setting up a basic account is straightforward, and the platform is free to use. Secondly, payments are regarded as being very safe and they are protected by both the casino and PayPal’s SSL certificate. Subsequently, it makes it easier to trace and keep hold of your transactions in one place.
Also, those signing up can access some of the most appealing welcome bonuses. With hundreds of Indian casinos accepting PayPal, players will be spoilt for choice as to where they can deposit their money.
How to deposit funds to an online casino from PayPal
- Sign into your PayPal account.
- Head over to the Payment Methods section and then click the ‘+’ sign under bank accounts.
- Provide your bank account details and click continue.
- PayPal will then send two small deposits to your bank account within 24 hours.
- Once they have been received, you will have to click confirm, and then you have to confirm the deposit values.
Similarly, players can use the PayPal app to deposit funds. Simply go to the ‘Settings’ section and add your bank details. After following the steps, you will be directed to the page to confirm the deposit values and then you’ll be free to play as you wish.
Depositing funds using PayPal is instantaneous and most sites will have a minimum deposit requirement. Players can deposit their account using rupees, and the payment platform directly takes the amount from any linked card or bank account.
How to withdraw your funds from a casino with PayPal
In order to withdraw casino winnings, players will have to meet withdrawal requirements. These requirements include making 20 smooth transactions without any dispute or claim as well as maintaining a good standing of your account for at least 60 days. Until then, there will be a pending note or ‘Money on Hold’ on your PayPal balance.
Once the requirements are met, you will receive your future payments usually within 24 hours. Withdrawals to your PayPal account are a breeze and can be achieved in a matter of minutes.
- Navigate your way to the withdrawal page on your online casino account and select PayPal as your preferred withdrawal option.
- Enter the amount you wish to withdraw.
- Wait for the money to be credited into your PayPal account. You will then be able to see that your account has been credited, and the funds will then be automatically transferred into your bank account. Withdrawal of funds will depend on your bank’s transaction process. Sometimes, it can take one business day, but this can extend to seven. With local payments, PayPal currently deducts 2.75% of the total amount, plus there is an additional fee for each transaction.
Frequently Asked Questions
? Is PayPal popular in India?
PayPal has set the benchmark in the Indian casino scene and it stands out from the crowd as being a stress-free way for funding casino accounts. It is therefore easy to spot an online PayPal casino in India that will suit and cater for individual needs and also to identify which ones are less reliable.
? Is PayPal safe to use at an online casino?
PayPal is perhaps one of the safest payment methods to use at casinos in India as it follows RBI policies for electronic transactions. Sensitive information or private data is fully encrypted and payments remain anonymous. You can therefore make payments without exposing your card details.
Also, PayPal has a 24/7 fraud monitoring feature, which makes it safe to receive payments on online casino websites. Each time a transaction takes place, the user will be notified by email.
? Can I use PayPal at an online casino without verifying myself?
The verification process is all part of the Know Your Customer procedure, and there are four ways that you can do it. You can either add your PAN details, which should match your bank details, or else your account could be suspended. Instead, you can confirm your email address and click on the link provided in the welcome email by PayPal. You may alternatively choose to confirm your bank details, and it is compulsory to link your PAN details with your local bank account. This takes up to three business days. Alternatively, you can enter a purpose code, which will explain the nature of why you are using the account.
? What are the advantages of using a PayPal casino?
? Signing up for a PayPal account is a one-time process.
? Deposits are quite quick and can be carried out in just a few minutes.
? PayPal has an app that is available for all Android or iPhone users. The app makes it easier to play and deposit cash at the palm of your hand if you wish to play while on the go.
? PayPal has excellent 24/7 customer support.
? Are there fees for using PayPal at online casinos?
Yes, but any fees incurred are usually minimal and they tend to be in place when transferring money to an online casino. Sometimes, the fees are set by the casino in question and therefore are so small that you may not even notice.
However, it is always best to check if you are unsure and head over to the payment section or terms and conditions page of an online casino to seek further clarification before playing.