Paypal

The idea behind PayPal is quite simple in that it works along the lines of other e-wallet providers such as Skrill and Neteller. PayPal has become one of the most important online payment methods and is the clear market leader among e-wallet providers. Despite various incidents including fraud and lawsuits, PayPal now has over 100 million active accounts in 190 markets worldwide.

Paypal is very cautious in its dealings with online poker and online gambling generally, and the number of such sites where it’s possible to deposit and withdraw with Paypal are therefore limited. As a result, we continue to recommend the e-wallet providers Neteller and Skrill because they offer quick deposit and withdrawal. In addition, Neteller and Skrill both offer immediate access to your money via a prepaid Mastercard, and you don’t have to transfer funds to your bank account, as is the case with Paypal.

When it comes to online poker, sports betting or casinos, you should clearly use Skrill or Neteller, whereas Paypaltends to be used for general payments on the Internet.

If you still want to play online poker and use Paypal, there are only a few poker sites where it is accepted, and we have created a list of these sites below. In addition, when you register for these via our site, you will immediately have access to our exclusive promotions and receive extra rakeback.

How does Paypal work?

Paypal works like other e-wallet providers – you use the funds in your e-wallet account to deposit in and withdraw from online poker sites.

How fast is Paypal?

Transactions with Paypal are processed in real time, so a deposit is immediately credited to your player account. Payouts, on the other hand, vary depending on the processing time of the provider, but it’s normally between 7-24 hours.

Is Paypal safe?

PayPal is a leading provider of payment services worldwide and uses the most advanced security standards in the sector of international finance, including AES-128 encryption technology. Using Paypal to order merchandise from a shop or in private will also afford you an extra high level of security thanks to their unique buyer protection.

Do I have to pay fees while using Paypal?

A deposit via Paypal is usually free. For a withdrawal, however, there is a fee of 0.35 cents plus 1.9% of the total amount.

Is Paypal as good as other e-wallet providers for online poker?

As we’ve mentioned, despite Paypal being big-hitter generally, with respect to online gambling it fares rather poorly in comparison to others, with fees for withdrawal, not offering a prepaid Mastercard and not being an available option with numerous online poker rooms.