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PayPal Poker Deposit Method
If you have decided to stop playing free online poker games and start playing for real money, then you are probably wondering what the best deposit option is for you. There are many different ways to fund your poker account, and one of these ways is PayPal.
What is PayPal?
PayPal is a worldwide online payments system that was founded in 1998. PayPal offers individuals and businesses ways to manage and move money via the internet. The company claims that it operates an “open, secure and technology agnostic payments platform”.
PayPal has 188 million active customer accounts and is available in more 202 countries. The company allows account holders to hold balances in 25 currencies and withdraw funds in over 56 different currencies.
PayPal can be accessed using desktops, laptops, and handheld gadgets. In 2015, 28% of the 4.9 billion payments PayPal processed were made on a mobile device, which shows how convenient the mobile platform is. This is great for online players who like to play poker on mobile phones.
Why Choose Poker PayPal Deposit?
PayPal is one of the top online payment portals in the world. Here are some of the reasons why it’s so popular:
- PayPal is accessible and convenient because anybody can make transactions as long as there is an internet connection.
- PayPal transactions are fast and secure.
As mentioned earlier, PayPal can be accessed using almost every kind of gadget, so it is incredibly accessible for poker players anywhere in the world. With only a few clicks of a button, you can authorise deposits and request withdrawals using PayPal.
PayPal takes lots of measures to ensure your safety and security. The site uses up-to-date anti-fraud software, high-end encryption programs, card security code checks, and address verification services to make sure that your personal and financial details are kept confidential.
Aside from secure transactions, PayPal also offers fast transactions. Some other online poker deposit methods like bank transfers can take several business days. PayPal, on the other hand, processes poker deposits quickly. You can expect that your account will be funded in a matter of minutes.
When it comes to withdrawals, PayPal takes an average of 2-4 business days to be completed.
How to Link PayPal to Your Poker Account
Creating a PayPal account is incredibly easy. All you have to do is go to the website and click the “Sign up now” button. You will input your personal details and credit card (or bank account) details. After verification, you will have an active PayPal account.
Once you have a PayPal account, all you have to do is go to the “Accounts” or “Cashier” page of your poker site. Select the option “PayPal” and then type in your PayPal email address. After confirmation and verification, you can start to fund your bankroll and start to play the best poker hands!
Pros and Cons of PayPal Poker Sites
One advantage of PayPal for online poker sites is security. Unlike credit cards that are used directly to transact with the poker site, you use PayPal as a safer vehicle to move funds.
If you do not like the idea of typing your credit card details at poker sites, then PayPal is a good alternative. When you use PayPal, none of your financial details are revealed to the site.
The downside is that PayPal has fees. Even though creating a PayPal account is free, you will be charged certain fees when making transactions. Fees are common for transactions that involve currency conversion. So if you are playing at UK poker sites but you don’t have an account in British Pounds, you will be charged a certain amount.
Things to Consider When Using PayPal
Before you decide if PayPal is the right choice for you, you should first find out what will happen when you want to withdraw your poker winnings. Some poker sites will allow you to withdraw directly to your PayPal account, but other poker sites that accept PayPal use a cheque. You might not like the extra hassle of having to wait and cash in a cheque to receive your poker wins.
If you want to play poker online and use PayPal as your deposit option, then just remember you have to be at least 18-years-old to do so. All PayPal poker sites that are licensed and regulated by the UK Gambling Commission have this requirement, so don’t be surprised if you will have to verify your age before you start playing!
To find out which poker sites accept PayPal for deposits, you can simply check out our online poker site reviews. In our reviews, you will see all the available payment methods for each site. We also discuss other important things like bonuses, wagering requirements, and available games.