Learn the merits of using this Venmo vs. PayPal. Lower payment limits will not suit everyone, but the customer base is loyal. It is only available at a handful of casinos, but we explain where you can use it.
Online Casinos Accepting PayPal
PayPal has cemented its status as one of the most popular payment methods at real money online casinos. It is fast, free, and highly secure. Read on to learn more about PayPal online casinos, how to use this payment option, and its notable pros and cons.
Rank
Casinos
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Features
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PayPal online casino key takeaways
| 🏛️ Casinos Accepting PayPal | DraftKings, FanDuel Casino, BetMGM, Caesars Palace, Bally Casino, various others |
| 🥇 Best PayPal Casino | DraftKings |
| ⏱️ Best Processing Time | BetRivers |
| 💵 Avg. Minimum Deposit | $10 |
| 💰 Avg. Max Withdrawal Amount | $60,000 |
| 💲Fees | None |
Best PayPal online casinos
1. DraftKings Casino: Best overall casino
DraftKings Casino is the best PayPal casino in the business right now. It offers more than 1,000 slots and a very large range of exclusive table games, which often feature large progressive jackpots.
The app and the website are both reliable, easy to navigate, and user-friendly. There are lots of DraftKings Casino bonuses to enjoy, and you will earn Dynasty Rewards points whenever you play games.
The minimum deposit at DraftKings is $5, compared to $10 at rivals, so this casino may appeal to casual players. You can also rapidly withdraw between $1 and $60,000 per transaction via PayPal.
2. BetRivers Casino: Fastest payout
BetRivers Casino offers the fastest withdrawals via PayPal. Parent company Rush Street Interactive has implemented an automated payout system called RushPay, which approves most withdrawal requests automatically.
You should then receive your funds within a couple of minutes if you use PayPal as your payout method. It is a smooth, simple process,
BetRivers offers a huge variety of games too, along with 24/7 support, a competitive casino sign-up bonus, a rewards program, and various weekly promos.
3. Caesars Palace: Best rewards program
Caesars Palace allows deposits and withdrawals from personal and premier PayPal accounts but requires that players use the same account to do both types of transactions. Caesars has a minimum $10 withdrawal requirement with no fees charged to the transaction.
Money used at Caesars provides the best rewards program for online casino players. You will earn 1 Reward Credit for every $5 wagered on slots and every $25 wagered on table games. Players can then redeem their points for bonus credits at a rate of 500 per $1.
It will give you Tier Credits too, which unlock perks at land-based casinos owned by Caesars Entertainment.
How to deposit with PayPal at online casinos
It is easy to deposit using PayPal at an online casino. For example, just follow these simple steps at DraftKings Casino.
Step 1: Open the deposit page
Hit the “Deposit” button at the top of the mobile app or the website. Choose a deposit amount, either by selecting a prepopulated option or entering a custom amount.
Step 2: Select PayPal as your method
You will see PayPal listed as one of many different deposit options. Click or tap on the PayPal button and hit “Continue.” You will be taken through to the PayPal gateway.
Step 3: Authorize the payment
Log into your PayPal account and click to authorize the payment. You will then be taken back to DraftKings Casino, and the funds will appear immediately in your account balance.
Read more: Minimum deposit casinos
How to withdraw winnings with PayPal
PayPal is one of the quickest withdrawal options at US online casinos. Follow these instructions to get paid out via PayPal at DraftKings.
Step 1: Visit the withdrawal section
Click on your profile icon and hit the “Withdraw” button. You will then see your withdrawable balance. Enter the amount you would like to withdraw and click “Continue.”
Step 2: Select PayPal as your method
It will provide a range of withdrawal options. PayPal will be available if you have used it for a deposit. Type in your PayPal email address and hit “Request Withdrawal.”
Step 3: Wait for your funds to arrive
DraftKings will need to process your payout request and approve it. Withdrawals are processed withdrawals daily from 9 a.m. to 5 p.m. ET. The online sportsbook advises that PayPal withdrawals can take up to two days, but we have generally found that they take fewer than 24 hours.
The funds will be released as soon as the payment is approved, and they should arrive in your PayPal account within a few minutes. You can then hold them on PayPal, or you can transfer them to your regular bank account for free. There will only be a fee if you use a debit or prepaid card to withdraw funds from PayPal to your bank account.
Read more: Fastest paying casinos
Pros and cons of using PayPal casinos
Pros
- PayPal is an instant, secure deposit method at all the leading online casinos in the county.
- It is often the fastest withdrawal method at online casinos.
- Casinos do not charge fees for PayPal deposits or withdrawals, and you can transfer funds to and from your bank account for free at PayPal.
- Many players find PayPal more secure than cards, as it cuts out the need to enter your card number and security code on a web form.
Cons
- Setting up a PayPal account for the first time is a time-consuming process.
- PayPal is highly secure, but its buyer and seller protection team has a reputation for being a little overzealous at times.
- PayPal has pretty broad payment limits, but high rollers may need to use an alternative method (like a wire transfer) for large payments.
- PayPal is not FDIC-insured, so it is not advisable to leave funds in your wallet for a long period.
Alternatives to PayPal online casino deposits
Venmo is a mobile payment service founded in 2009. It has been a subsidiary of PayPal since 2013 and has many similarities to PayPal. They both offer quick, secure payments and replace the need for cards and cash.
However, there are also some significant differences between them. Venmo is available only in the United States, whereas PayPal is a global payment provider. Moreover, PayPal focuses on business transactions, but Venmo was created to help friends and family members split bills and transfer funds to one another. Venmo can now be used for regular online payments, too, but it is not as widely accepted as PayPal at online casinos.
Venmo
This payment method is also similar to PayPal, as it allows you to make deposits and withdrawals at online casinos without providing card information. Instead of being redirected to the PayPal gateway, you will be redirected to your online banking site, where you can log in and confirm the transfer.
This process can be somewhat time-consuming at certain banks. In that case, players may prefer to use PayPal instead. However, some banks make it simple by supporting instant payouts. There are no fees, and the limits are often higher than at PayPal. If you want to make an even larger payment, you can opt for a wire transfer.
Wire Transfer Casino
Credit and debit card casinos are the most popular choice for players at online gambling sites. Visa and Mastercard are accepted at most casino sites, and you can often use Discover, too. Meanwhile, American Express is generally unavailable, but you can use it through PayPal if you like.
Credit cards cannot be used for withdrawals, and you may incur fees if your provider treats payments as cash advances. For those reasons, debit cards are often superior, as they draw funds from your checking account and can often be used for withdrawals. Alternative options include online casino gift cards and prepaid cards.
Credit card CasinosPayPal online casino transactions FAQ
You can use PayPal at most leading online casinos in the United States, including BetMGM Casino, DraftKings, Bet365 Casino, Golden Nugget, FanDuel, Caesars Palace Online Casino, and Bally Casino. PayPal can be used for instant deposits and is one of the quickest withdrawal options, too.
The minimum PayPal deposit accepted at most online casinos is $10. However, DraftKings Casino has a $5 minimum deposit.
You can withdraw up to $60,000 via PayPal at the best online casinos. That is a limit set by PayPal rather than the online casinos.
It is free to send and receive funds via PayPal. You will only need to pay fees when currency conversions are required, which is not an issue at US online casinos, or if you send payments to your bank account via debit or prepaid card. There is no cost to transfer funds directly from your PayPal account to your bank account.
PayPal is one of the safest payment methods available at online casinos. You do not need to enter card details on web forms when making payments, as you can simply log into your PayPal account to confirm the deposit, and your details will not be stored by the casino. PayPal has very robust security measures, including TLS connections, data encryption, and advanced fraud detection technology.
Open your PayPal account and click the “Activity” option on the navigation bar at the top of the page. You can set the start and end date for your search, and filters also allow you to narrow your search by transaction type.
More banking guides
If you would like to learn more about the main alternatives to PayPal at online casinos, check out these guides.
Online banking
Online banking is a popular option among players. It is very similar to PayPal, as it negates the need to enter card details online, but it requires you to leave the online casino and log into your account.
Prepaid cards
Prepaid cards are widely accepted at online casinos. For example, you can sign up for a DraftKings Play+ Card or a BetMGM Play+ Card. They rival providers like PayPal, as they also offer very quick transactions.
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