Have you heard of the PayPal payment service? If you have, and you want to know what all the fuss is about, you have come to the right place 💸 You can find out all about it in this article 🏦
A PayPal casino is a digital gambling platform in Germany that accepts deposits and withdrawals via PayPal. There are not many such platforms, temporarily not an accepted method for financial transactions in most casinos.
However, as of the end of summer 2022, there are a few German licensed casinos that have decided to accept this method anyway. The following article is for information purposes only, so you can find out what PayPal (PP further on) is, how to use it in digital casinos and what alternatives are available.
First, let's clarify what PP is. It’s an online payment service that allows German players to send and receive money securely and conveniently online. It’s an e-wallet, similar to Neteller and Skrill.
To be eligible, you do not have to do much, just create an account. To set one up, all you need is an email address, which you link to your bank details and a credit card.
A PayPal casino is synonymous with fast deposits and withdrawals in Germany, but of course you can use it not only for digital casinos, but for any online payment transaction. You can use it to shop online or even buy train tickets.
As with all online payments, a PayPal casino requires a check before you can make a deposit. This is done by the payment provider transferring a small amount of money to your account, but there are no further know your customer tests. Once this is done, you can deposit and receive money into your account using various methods from then on.
PP is a great tool for direct debits, or to make payments with Giropay and credit cards. And if you are a private individual transferring money to or receiving money from another private individual, there is always no fee for these transactions.
If you are depositing into a PayPal casino in Germany, the steps are as follows:
And that is it! The deposited amount will appear in your casino account in a few seconds.
For every German gambler, if they win a prize, no matter how big, they want to have the money transferred to their real account as soon as possible. However, sometimes it is not possible to cash out in the same way as you deposited, and only slower methods are available for cashing out.
Fortunately, PP is one provider that, if you can choose it to deposit in a digital casino, you can probably choose to withdraw money. And that is good because it is a fast, reliable e-wallet provider in Germany.
You can make a PP withdrawal by following the steps below:
You will receive your winnings within one day, provided you have chosen PP for your deposit method. Because if you did, the casino will already have your PP details and will be able to transfer the money to your account faster.
This payment provider goes to absolute lengths to ensure that you enjoy the highest possible security when you choose them. It uses tools such as its own strong encryption technology, two-factor authentication and customer protection. All of this makes PP one of the safest and most reliable payment methods German players can use in a digital casino.
Thanks to its proprietary encryption technology, all your financial data is encrypted and transmitted securely, both when you deposit and when you request a withdrawal.
The company was previously registered in the UK and is currently licensed by a Luxembourg bank authority to provide services for payment transactions within Europe.
Customer protection for PP means that you, as a user, have the option to reverse payments that you have not authorised. I do not know about you, but for me it adds to the feeling of safety and security when I use PP for payment transactions in digital casinos.
Plus, if I ever have a problem or do not understand something, I can reach customer support via live chat or phone in 24/7. And it does not connect me to a chatbot, but to a real person who is nice and knows what they are doing!
The biggest advantage, which is obvious to everyone, is its speed, but that is not all! Other advantages include the fact that its account management interface is simple and easy to navigate. Also, you can track your transactions at any time and see how much you have spent and how much money is left in your account.
Another of its advantages is that it holds itself to high security standards for its users. This means that if you want, you can add two-factor authentication to your PP account, ensuring that no unauthorised third party can access your account and banking details.
It is no coincidence that PP is extremely popular in Germany, among German players. It is a very simple and fast payment method. What is more, it can be used for deposits and withdrawals that other payment transactions, such as Lastschrift, cannot boast! Unfortunately, the same cannot be said of most PP alternatives, which usually cannot offer both.
We know that nothing is all sunshine and happiness! This is true for both casinos and payment service providers, so there are not only pros but also cons to both. In the table below you can see what PP boasts and what it boasts a little less.
| Pros | Cons |
|---|---|
| possibility of direct payments | in Germany it is only available in digital casinos that also have a German licence |
| complete anonymity | must register and make a PP account to be able to use it |
| high level of security | |
| tested by an independent committee | |
| high freedom when making payments | |
| has its own mobile application |
Most of us have found that when it comes to payment service providers, there are usually additional costs. Most of the time these are written down in the small print or in the terms and conditions, but most of us tend to ignore this.
Do not be like the majority! Be smart and always read the terms of use and preferably the privacy policy too!
In what follows, you can read about the limits and additional costs and fees that come with using PP.
As PP is an authorised method of making financial transactions in only a small number of casinos, it may be subject to restrictions on deposits in casinos that do allow its use. In most of these places, the minimum amount to deposit is €10.
More experienced German players will be aware that casinos have daily, weekly and monthly withdrawal limits (and if you are not a more experienced player, you will be aware of this by now). In some casinos these limits vary not only depending on your VIP level, but also on which payment provider you have chosen. Or depending on this, there may be no payment limits at all.
If you cannot find the casino limits, you should contact customer support. But there is also a precedent for the payment provider itself, in this case PP, to set payment limits that are independent of the casino.
There are casinos where you can claim a special bonus if you choose a certain payment provider, i.e. there are PP promotional casinos for example. If you insist on this method, you should look for one like this.
In the vast majority of cases, setting up a PP account and using it is completely free. In fact, in some cases, there are extra fees charged by the casino for deposits and withdrawals, but if you are a PP user, you do not have to worry about these as they are covered by the provider. That said, it's always a good idea to read the terms and conditions to avoid any surprises.
Transferring money from your bank account or credit card to your PP account is free of charge. You also have the option to switch to another currency directly in the PP app, for which you may be charged extra.
You can use PP for your financial affairs free of charge as a private individual and as a business. There is no monthly or annual membership fee when you create an account, but you will have to pay a minimum additional fee for each transaction. Unless you transfer money to another individual, but you must designate that amount as a gift.
When you register on the PP platform, you can choose whether you prefer a private or a business account. For business accounts, transaction fees are slightly higher, between 1.49% and 2.49%, and for domestic transfers you will have to pay a flat fee of 35 euro cents.
PP's annual debit and transfer limit is €2500. This limit can be removed by checking your bank account.
The provider has no credit limit and does not pay interest on credit balances.
This payment service provider does its utmost to be as user-friendly as possible, so it has a number of practical and useful features that make it easy for you to manage your financial transactions quickly and easily.
For one, you can transfer money using a bank account and/or credit card. You can even make international transfers via the built-in Xoom payment service.
At any time, PP gives you a complete overview of when and why you paid, or when and where you received money from, even going back years.
Other useful features include the possibility to reverse your payments with PP, just like with the direct debit method, but to do this you need to contact the addressee, you can not do it without any explanation. You need to file a claim, and the customer service can help you with this. If everything goes well, you will receive a refund within 15 days.
Last but not least, PP also has its own mobile app, which offers the same options as the version you can open from your browser. You can use the app for contactless payments, it can be used for authentication and it can be downloaded for both Android and iOS.
Every gambler wants to find a casino where it is easy and fast to make both deposits and withdrawals, while being guaranteed security. If you are one of those gamblers, you will want to find a casino that accepts PP as a provider of financial services.
It is a secure and convenient e-wallet with a focus on guaranteeing user experience and peace of mind. It is fully legal to use in Germany, also for gambling, so its user base is quite large. German players who use PP trust it and are satisfied with it.
This payment service provider is an independent bank under European law and is regulated by national and European financial supervisory authorities. In Germany, it is only accepted as a payment provider in digital online gambling sites that also have a German licence.
But no matter how safe and easy it is to use PP, you also have a vested interest in your own well-being, so play responsibly! Set limits for yourself so you can better control your spending. Read the terms of use so you are aware of any additional fees that may apply, like making payments in other currencies or changing currencies.
Useful tip: top up your PP account by bank transfer, not by card, to avoid additional charges. Overall, if you choose PP for gambling, you won't be disappointed.
Yes, the gambling regulations in Germany have a significant impact on the way PayPal casinos operate. These regulations concern the conditions under which this form of entertainment is legal in a country - if it is legal at all. That is why only casinos with a German licence can use PayPal for payment, and these casinos have to comply with requirements such as verifying the identity of players, data protection and promoting responsible gambling.
Yes, some casinos offer no deposit bonuses that allow you to play without risking your own money. These can be free spins or small cash amounts. If PayPal is an authorised payment provider in your casino, you can claim your winnings from these bonuses via PayPal withdrawal. However, always and for any bonus, check the casino's licence and read the bonus terms and conditions before taking advantage of an offer.
For a long time it was not possible to choose this payment service at all for financial transactions in German casinos. This changed in August 2022, but from then on it can only be used in casinos that also have a German licence And these casinos must also submit a separate application to offer it as a payment option.
It is an easy-to-use e-wallet, but to use it you need to register, i.e. create a free PayPal account, which you then link to your bank and card details. Once you have done this, you can make your casino transactions quickly and easily, with complete security. The money is processed through the PayPal interface and transferred instantly.
No, there are generally no additional charges when you use this payment provider to make casino payments, which is great. However, as you may know, each casino has different rules, so regardless of the provider, the casino may charge additional fees. But PayPal will cover most of these for you. It's best to always read the payment terms and conditions to minimise the chance of getting a surprise.
