When it comes to depositing funds at an online gambling platform, there is now a significant number of payment methods supported. While UK slot casinos are still processing the vast majority of their transactions via a traditional debit or credit card, more and more players are now choosing PayPay. If you are in the hunt for a UK casino that accepts PayPal, you will be pleased to know that most operators do.
There is much to consider before choosing PayPal as your preferred deposit and withdrawal method. This centres on a number of factors such as the underlying fees, whether or not the process is instant, security, and perhaps, most importantly, whether you are still eligible to claim welcome bonuses.
If you are looking for the ultimate guide on UK slot casinos that accept PayPal, you have certainly come to the right place. We have covered all of the key points that we think you should know prior to funding your UK slot account with PayPal.
Before we dive into the fundamentals, let us start by making sure we know how PayPal works
How does PayPal actually work?
In a nutshell, PayPal is the de-facto e-wallet that allows you to send funds over the internet. First launched way back in 1998, this makes PayPal the first e-wallet of its kind. The platform allows you to send money at the click of a button by simply entering the receivers email address. All you need to do is open an account with PayPal, connect your debit/credit card or bank account, and then deposit some funds.
Once you have loaded your account, you are then free to transfer money. Not only can PayPal be used as a money transfer service, but it also allows you to buy goods and services online. One such example of this is the UK slot casino industry.
One of the main attractions about PayPal is the fact that you only need to register your payment details once. Unlike using a conventional Visa or Mastercard to buy things online, once you have connected your PayPal account with your primary finding methods, you can perform transactions by simply entering your password at the payment gateway.
PayPal transactions are also instant, which is especially useful if you are looking to deposit funds at an online slot site. Although you will not be charged for making purchases online, PayPal will usually take a fee when you receive money from another individual. The only exception to this rule is if the transfer was a UK-to-UK transfer, using either a debit card or bank account.
So now that you know what PayPal is, in the next part of our guide we are going to look at the deposit process with an online slot casino.
Depositing with PayPal at a UK slot casino
Much like in the case of any other payment method supported, you will initially need to register an account with the respective slot casino. Once you are all set up, you then need to head over to the deposit page. You will likely see a long list of supported payment methods, so you will need to scroll down until you see PayPal. Once you do, you will then need to enter the amount that you want to deposit with.
As such as you confirm the amount, a pop-up box will appear asking you to sign in to your PayPal account. Take note, if you are currently using a third-party pop-up blocker, it is likely that you will need to temporarily deactivate this while you are processing the deposit.
Once you have entered your PayPal login credentials, you will then be asked how you want to pay. If you have already got funds in your PayPal account, then it is best that you use them. Alternatively, you can also use one of the linked debit/credit card or bank accounts that you have on file.
As soon as PayPal have processed the transaction, the pop-up will close and you will automatically be returned to the UK slot casino deposit screen. If everything went through smoothly, then the funds should show up in your account instantly.
Is it free to use PayPal at a UK slot casino?
In the vast majority of cases, you will not be charged to use PayPal at a UK slot casino. Interestingly, most people are unaware that online casinos get charged when processing most payment methods. Whether its a debit/credit card or e-wallet, the gambling platform will all but certainly need to pay a processing fee. However, in most cases the UK slot site will swallow these costs and thus, you will not need to pay anything.
On the other hand, we have come across a select few online casinos that pass these costs on, although this is a somewhat rarity.
Withdrawing with PayPal at an online casino
When it comes to the withdrawal process at an online casino, this is potentially PayPal’s greatest attribute. First and foremost, the initial process is similar to other payment methods, insofar that you will need to head over to the withdrawal page, enter the amount that you want to cashout, and then confirm the withdrawal. At this point of the procedure, your request will be sent to the slot casino’s payments team.
If you have ever used an online casino before – especially those based in the UK, then you will know how frustrating the withdrawal process can be. Before we go any further, it is important to explain the verification process.
Verifying your identity
It is now a legal requirement for all UK online casinos to verify the players that use their services. This is a preventative measure to ensure that players are who they say they are, and to ensure that crime is kept out of the industry. In terms of the legislation, this is based on the Money Laundering Regulations 2017, which itself was enacted as per the European Union 4th Money Laundering Directive.
In a nutshell, the regulations state that online casinos must feel satisfied that the player using their platform has identified themselves by submitted the required documents. Not so long ago it was perfectly fine for casinos to electronically verify a player’s identity, much in the same way that lenders do when you apply for a loan. However, regulations have gone up a notch since, meaning that you will need to upload a copy of your government issued ID (passport or driver’s license), and a proof of address.
Moreover, some online slot sites will even ask you to upload a copy of the front and back of the debit/credit card you used to deposit. However, if you are using PayPal at an online slot site, then you will not need to do this.
The good thing about using PayPal is that you will only need to supply the casino with a copy of your ID. The reason for this is that you would have already confirmed your address directly with PayPal, which is one less document for you to worry about.
How long does it take to withdraw funds using PayPal?
The verification process leads us swiftly on to the withdrawal time frame when using PayPal. Assuming that you have already had your online casino account verified by the operator, the standard timeframe when withdrawing funds is 3-5 days. This is for two reasons.
Firstly, when withdrawing funds with a debit/credit card, UK slot casinos are required to perform additional checks on the legitimacy of the request. This usually takes 24-48 hours to complete. Once the funds leave the UK slot casino, you are then at the helm of your bank. In most cases, banks take around 1-3 working days to refund money back into your account, which is why the end-to-end process often exceeds 3 days.
However, when you use PayPal to withdraw your winnings from a UK slots site, the process is significantly quicker. In fact, you should expect to see your withdrawn funds the very same day. While the exact timeframe will vary depending on the operator, the PayPal withdrawal process usually averages 4-6 hours.
Getting your casino winnings out of your PayPal account
Once your casino winnings have been credited to your personal PayPal account, you then have the option of sending the funds to your bank account. When you first registered an account with PayPal, you would have been asked to link your UK bank account, not least because this allows you to set up the compulsory PayPal direct debit agreement.
This is pretty easy, as PayPal deposit a couple of pence into your bank account, and then you need to confirm the exact amount that was deposited. As soon as you do, you can deposit and withdraw funds into and from your bank account.
In even greater news for you as the player, a withdrawal from PayPal back into your linked bank account is usually instant. In fact, unless your withdrawal request is flagged as suspicious (for example if it is a large amount or you are withdrawing for the first time), then you should see the funds in you account in less than a couple of minutes.
As a result, the end-to-end process of withdrawing funds from the online slot casino into PayPal, and then withdrawing the funds from PayPal to your UK bank account, can often be achieved in less than 4-6 hours.
So now that we have covered the benefits of using PayPal to deposit and withdraw funds, in the next section of our guide we are going to look at whether or not PayPal has an impact on your eligibility to claim bonuses.
Can I still get a slots bonus if I use PayPal?
The UK online slots space is a highly competitive arena. With so many operators has now in competition with one another, players are offered a significant number of bonuses and promotions. The most lucrative of these offers are centred on welcome bonuses. In other words, if you are yet to open an account with the operator, the platform will offer you a sizable bonus as a way to entice you in. There is no limit to the number of casinos you can obtain bonuses from, as long as you only open one account per platform.
However, it is important to note that some casinos are very specific when it comes to the underlying terms and conditions of a welcome offer. More specifically, some casinos specify which payment methods you can and cannot use to be eligible for the offer.
In the vast majority of cases, the casino will prefer that you use a traditional debit or credit card when depositing funds. This is because they can instantly verify that the card belongs to you, through the use of AVS (Address Verification System) technology. Now, the key problem here is that e-wallet accounts are much easier to open in comparison to a high street bank, meaning that certain slot casinos are not too keen when it comes to offering you a bonus. This is because they are concerned about bonus abuse, insofar that you might attempt to open multiple accounts.
Always check the terms of the offer before using PayPal
As a result of this fear of bonus abuse, it is crucial that you take the time to read the underlying conditions of the welcome bonus in question. In most cases the offer will clearly state whether or not they prohibit certain payment methods from the other, although you might need to dig a little clearer if the casino is not as transparent as they should be.
The good news for you is that PayPal is head and shoulders above the likes of Skrill and Neteller in the e-wallets space. As a result, while you might find that other e-wallet providers are restricted from a welcome bonus offering, PayPal is usually OK.
Are there any limits to consider when using PayPal?
As is the case with most, if not all, payment methods, you also need to make some considerations regarding limits. In fact, this is likely to concern the online casino and PayPal themselves. First and foremost, the UK slot casino will install variance minimum and maximum deposit limits depending on the specific payment method. While bank account transfers and debit/credit card deposits usually afford the player the highest limits, e-wallets such as PayPal are often lower. However, you will still find that UK casinos allow you to deposit in the region of £10,000 per day via PayPal, which is nothing to be scorned at.
Nevertheless, it is also important that you consider what limits you have installed with PayPal. When you first open up an account with PayPal, your initial deposit, withdrawal and transfer limits are likely be somewhat lower. However, every time you further validate your identity, your limits begin to very quickly increase. This includes linking your debit/credit card and bank account, confirming your phone number and email address, and in some cases, uploading a copy of your government issued ID.
Once you are able to satisfy these basic verification requests, you should be in a position where your account is free from any account restrictions at all. This is why it is always a good idea to get everything set up with PayPal before you start depositing funds with an online casino, so that when it comes to depositing and withdrawing funds, the process is frictionless.
UK slot casinos that accept PayPal: The Verdict?
In summary, we would argue that there is no better payment methods available when it comes to using a UK slot casino. Not only are deposits free and instant, but there is no need to enter your payment details more than once, as everything is stored within your PayPal account. As good as this is, the greatest benefit to using PayPal at a UK slot casino is that withdrawals are ultra-fast.
While the likes of a debit/credit card and bank account withdrawal will take in the region of 3-5 days and 7 days respectively, PayPal withdrawals are usually receive between 4-6 hours. This is significantly faster, and ultimately, means that you get to avoid having your winnings tied up for long periods of time.
The only potential downfall to using PayPal at a UK slot casino is that sometimes, you might not be eligible for the platform’s welcome bonus. This is why you should always check the terms and conditions before making a deposit.