Yes, as long as you log into your account at least once a year. Otherwise, Paypal will charge you 300 CZK for inactivity.
Internet wallet Paypal
Updated:
Paypal is one of the payment methods under the Internet wallets. You’ve probably heard of Paypal and as such will be familiar with it. It has long been one of the most used, user-friendly and secure platforms. But if you haven’t heard of Paypal or don’t know the details don’t hang your head. In our article we will introduce you to the payment method. You will learn how to create an account, what to look out for when registering and working with your wallet, and what its advantages or disadvantages are. You can also see which online casinos support Paypal and what bonuses you can get by depositing.
The most important things about Paypal
- How do I deposit and withdraw from my wallet?
- Which online casinos can you use Paypal to deposit money to?
- Fees associated with Paypal
- For Players (Deposits and Withdrawals)
- For Casinos (Operators Accepting PayPal Payments)
- Important Note About Licensing
- Summary Table
- How do I open an account with PayPal?
- Other online casino deposit options
- FAQ - Frequently asked questions about the Paypal payment method
How do I deposit and withdraw from my wallet?
To start using Paypal to deposit at online casinos, you will first need to pair it with your credit card, which requires a positive balance. Otherwise, the card will not be accepted. You can either use your bank account or your credit card to deposit into your account. There are significant fees associated with credit card transactions. You will always be better off depositing with a bank account. Withdrawals from PayPal to your linked bank account are free. Be aware of one thing here, and that is that withdrawals are only free unless there is a currency transfer. Currency transactions are charged by Paypal just like the rest of the virtual wallets and the rest of the banks. You can find the amount of the fees in the summary chapter on the fees associated with using Paypal. See the video below for some tips on how to send money or top up your wallet.
Which online casinos can you use Paypal to deposit money to?
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Fees associated with Paypal
Now we’ll focus on the important part, which you should review so you know what fees are associated with Paypal. So let’s start one at a time. Your account with Paypal is free. There is a relatively high fee charged by the company for transferring money from a credit card, which is 4.9% of the amount. Paypal charges another fee for your inactivity.
The fees PayPal charges for transactions related to online casinos can vary depending on several factors, such as the country, currency, and whether you’re a player depositing/withdrawing or the casino itself receiving payments. Here’s a general overview for players and casinos/operators:
For Players (Deposits and Withdrawals)
1. Deposits to Casino using PayPal
- Most licensed online casinos do not charge players any fees for PayPal deposits.
- However, PayPal itself may charge a currency conversion fee if your PayPal balance is in a different currency than the casino’s.
- Standard PayPal currency conversion fee: typically around 3% – 4% above the base exchange rate.
2. Withdrawals from Casino to PayPal
- Again, many casinos cover the withdrawal fees, but this varies by site.
- PayPal may charge a withdrawal fee if you are transferring funds from your PayPal account to your bank account, especially if you choose instant withdrawal.
- Typical withdrawal fee: up to 1% for instant transfers (capped at a maximum fee, depending on region).
For Casinos (Operators Accepting PayPal Payments)
PayPal charges the casino (merchant) a fee for processing deposits. This is a business transaction fee that includes:
- A percentage of the transaction value (usually around 2.9% – 3.9%) — this depends on the casino’s location and the player’s location.
- A fixed fee (e.g., £0.20 in the UK or €0.35 in Europe).
⚠️ PayPal often charges higher rates to high-risk businesses — and gambling is considered high-risk. This means online casinos could face higher transaction fees, possibly up to 4.9% per transaction.
Important Note About Licensing
- PayPal only works with licensed casinos in jurisdictions like the UK, parts of the EU, and some regulated US states.
- If the casino isn’t licensed in a regulated market (like UKGC, MGA, etc.), they cannot use PayPal.
Summary Table
| Type | Fee (player) | Fee (casino) |
|---|---|---|
| Deposit | Usually Free | 2.9% – 4.9% + fixed fee |
| Withdrawal | Usually Free* | N/A |
| Currency Exchange | ~3% – 4% | N/A |
*Instant withdrawals from PayPal to bank accounts can have a fee (up to 1%).
Advantages and disadvantages of PayPal
- free account maintenance
- quick registration
- large number of supported casinos
- free deposit and withdrawal to linked bank account
- high card payment fee of 4.9%
- payment acceptance fee
- fee for receiving payment by QR code
How do I open an account with PayPal?
You can create an account directly on the PayPal website via the register button. You will need your credit card to open an account. As is customary with virtual wallets, transactions are anonymous, your card or bank account number is completely protected so you don’t have to worry about any theft. If you are not an English speaker, we have good news for you. Paypal also offers its website interface in English, so you won’t face any language barrier with this wallet. The whole registration process takes a few minutes. Here’s how to do it.
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Go to Paypal
Go to the PayPal website. Then click on register in the top right corner.
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Account type
Choose your account type. You can choose between a basic account (the most used) or a business account, which is designed especially for entrepreneurs.
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Mobile number
Now enter your mobile number.
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Verification
You will receive a 6-digit code via text to the number provided. Once received, you will enter it to verify your identity on the website during registration.
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Personal data
After verification, Paypal requires you to fill in your personal details, name, email address.
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Address of permanent residence
Paypal will now require you to fill in your residential address, nationality and date of birth.
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Completion of registration
Finally, you confirm the terms and conditions and your account is created.
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Homepage
After creating an account, a box will appear on your home page: My Paypal.
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Account
Once you click My Paypal, you can access your wallet where you can manage your finances, send payments, add credit cards, etc.
Other online casino deposit options
Paypal is far from the only way to deposit money into online casinos. There are many other, often better, payment methods. Here are the vast majority of them:
- Payment cards
- Bank transfer
- SMS deposit
- Deposit at a branch
- Apple pay
- Skrill
- Neteller
- Paysafecard
- Google Pay
- PayPal
- Revolut
FAQ – Frequently asked questions about the Paypal payment method
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1️⃣ Is maintaining a Paypal account free?
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2️⃣ What cards does Paypal support?
To use your card with Paypal, you must first link it to your account. Paypal offers support for both Mastercard and Visa cards.
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3️⃣ Do all online casinos offer the option to deposit via Paypal?
Like other payment methods, Paypal is not universal. Only selected online casinos offer deposit via this wallet. However, it is one of the most widely used.
Content author
Marek Otava
Developer
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