PayPal is the most popular online wallet (e-wallet) globally, and many US residents use it to make all kinds of online transactions. The popular payment option is also accepted in many online casinos in the US, and we have put together a comprehensive guide which includes the top US online casinos that accept PayPal as a payment option.
Online casino gambling is legal and regulated in four states; New Jersey, Pennsylvania, Michigan, and West Virginia.
Almost all casinos in NJ accept PayPal casino deposits and withdrawals. The Department approves the payment option of Banking and Insurance, and its Licensing Services Bureau issued the latest license in 2019. This means that PayPal, and many other payment options in NJ, are regularly checked.
PayPal also happens to be the most popular payment method in NJ and many other states. Simply put, it accounts for 22% of all online transactions in the US, which ultimately makes it one of the leaders in online casinos in all states.
The payment method is licensed by the Michigan Office of Financial and Insurance Regulate, with the Money Transmission Services Act. The original license was issued in 2008, meaning PayPal has been available in the state for more than a decade.
As for Pennsylvania, PayPal is licensed by the Pennsylvania Department of Banking under the Licensing Business of Transmitting Money or Credit Act. PA was one of the first states to regulate this type of payment, as the original issue date for PayPal’s license was in August 2002, which means PA online users have been able to use this payment option for almost 20 years.
Finally, West Virginia licensed PayPal via the West Virginia Division of Banking, with the main legal act being the Insurance and Sale of Checks, Drafts, and Money Orders Act. The original license issue date was May 2001, meaning WV licensed the popular payment option first of all states that legalized online gambling.
If you have no experience depositing your funds to online casinos via PayPal, look at our short guide below.
As you can see, the entire process is easy. The most difficult step is opening a PayPal account which you should do in the first place to make PayPal deposits.
Once you decide it’s time to cash out your winnings from the casino of your choice, make sure to follow the guide below to complete that process successfully. Please consider that the process might be a bit different in some casinos. Still, the guide should help you make a successful withdrawal even on them.
PayPal will probably send you an email or a notification on your phone that your funds are loaded into your wallet.
Almost all online casinos need to review and approve your withdrawal request, and that’s something that can take a couple of days. Make sure to check the casino withdrawal pending time before cashing out your winnings to learn how much you’ll have to wait. On the other hand, most casinos offer instant PayPal deposits.
PayPal is widely regarded as one of the best payment options for online casinos, and here are the three main advantages of using this method.