What you look for while searching for the top online casino in India? Is it a variety of games, a range of bonuses and promotions, design and theme, payment methods, and customer service? When it comes to deposit and withdrawal methods, it is important to ensure that offered payment options are easy to use and secure your transactions while guarantee the complete protection of your personal and financial details. This is when you can count PayPal – an Indian online payment system that can be used to send and receive funds to a PayPal person or a commercial user globally.
An Introduction To PayPal
Founded in December 1998, PayPal Holdings Inc is an American company with a global channel of payment systems to facilitate online transactions. This payment service allows people to transfer the funds electronically between businesses and individuals. In 2013, PayPal launched its updated app for Android and iOS devices.
Indian Banks That Deal With PayPal
- ICICI Bank
- State Bank of India (SBI)
- HDFC Bank
- Axis Bank
- IndusInd Bank
- Kotak Mahindra Bank
- South Indian Bank
- HSBC Bank
- Federal Bank
- IDBI Bank
- Bank of India
- Indian Overseas Bank
- Indian Bank
- Union Bank of India
- Standard Chartered Bank
PayPal is an online alternative to traditional payment methods such as money orders and checks. It is often used for making deposits and withdrawals at online casinos in India. It’s a convenient, safe, and quick payment system that becomes a favorite of many for allowing secure payment online with 24×7 fraud prevention and utmost protection. PayPal digitally processes the transaction between the payer and payee in exchange for a specific percentage of money. Today, it is available in more than 200 markets across the world. Users can withdraw funds in 56 currencies and receive money in over 100 currencies.
Why Indian Casino Players Should Use PayPal?
PayPal is one of the most well-known online payment systems used at gambling apps in India. Some of the top-rated sites are including it in their favorite banking methods for Indians punters. It stands out among the rest for the number of reasons including the following ones –
Even though a variety of payment methods are accepted, not all of them are considered fully reliable for fast and secure payments. PayPal is a trustworthy e-wallet that complies with RBI policies and strictly follows the standards for cross-border financial transactions. Boasting more than 100 million users across the world and offering such a range of benefits, PayPal is undoubtedly the most popular and widely used e-wallet in existence in the Indian online gambling world.
How To Get a PayPal Account?
Creating a PayPal account is free and extremely easy…!!
Signing up for a PayPal account is a simpler process. It is possible to register an account for free and without any hassle by working on the following steps.
- Go to the PayPal India official website.
- Click on the Sign-up link at the top of a site.
- Since you want to open an individual account, tick the first box of Individual Account.
- Fill the basic personal information and other required details including email address, password, a legitimate phone number, etc.
- You’ll receive an email link or a verification code to verify the email address or phone number respectively.
- You might have to give answers to some security questions to ensure the security of your registered PayPal account.
- Check various PayPal functions available to you and enter essential financial information to make safe transactions.
- The entered details will be validated and it takes about one day for validation.
Your account will be created once you follow all these steps properly. Now, you can log in to casino sites accepting PayPal as a deposit and withdrawal method.
How To Make Casino Deposits Using PayPal?
PayPal payment method can be used to deposit the funds at casinos licensed by the recognized gambling jurisdictions in player’s residing country. If you have an account at an Indian online casino having a valid gambling license, then simply follow the steps as described below.
- Choose a licensed and reliable PayPal casino in India and set up an account.
- Go to the cashier section and select PayPal as your payment mode.
- Enter your PayPal account details and the deposit amount. Make sure that your linked bank account has the sufficient amount you want to deposit.
- Submit your email and password to confirm your payment.
- The funds will be transferred by PayPal along with making necessary conversions if required.
The gambling site will use funds from your PayPal account. Alternatively, it’ll take rupees from the linked bank account. So, keep in mind that you have to sign in before making any deposit to ensure your security. After following the above-mentioned steps, don’t forget to log in to your casino to determine whether the amount has been deposited or not.
How To Withdraw Funds From Casinos Using PayPal?
Your money will be withheld by PayPal and offered to you after 21 days post verification if you’re a first time user. The “Money on Hold” will be given under the PayPal balance. Once you meet the credibility and certain requirement, follow the steps given below.
- Visit your selected casino and access its withdrawal page.
- Choose PayPal as your withdrawal method.
- Enter the amount you want to cash out. Ensure that it should not be less or more than the standard withdrawal limit.
- Confirm your withdrawal and wait for the required amount to be transferred to your PayPal account.
- After receiving the money in your PayPal account, wait for the amount to be automatically transferred to your bank account.
The PayPal funds will be automatically transferred to your Indian bank account within 24 hours. If you’ve linked several bank accounts, choose the preferred one before the withdrawal.
How Safe PayPal Is?
As mentioned many times above, PayPal is one of the most trusted online payment services for online money transfers. As the pioneer in online payments, the company has created the standard for fraud prevention by providing complete security solutions to reduce fraud in online, offline, and mobile payments. Anti-fraud detection is used along with round the clock account monitoring to keep its customers on a safer side.
To protect the user’s privacy and confidentiality, 2FA (two-factor authentication), anti-phishing, and anti-spoofing techniques are used. Physical, administrative, and technical security measures such as data encryption, information access controls, firewalls, and etc. are used to provide the extra level of protection to users’ personal data. TLS 1.2 only connections for logins and Certificate Pinning on the web as well as mobile applications are other methods used to safeguard PayPal transactions. Even the company is constantly putting its best efforts to bring in industry-leading technology that ensures a 100% safe online transfer of money.
Legal PayPal Casinos In India
After reading this post, hope now you understand what PayPal is and why it is emerging as the favorite payment method of myriads of casino players online. If you search the web, you’ll find over hundreds even more number of casinos offering their services to Indian players. Unfortunately, not all of them accept PayPal. Wondering how would you find the site that accepts this mode of payment? Do not worry, above mentioned are the top picks from a plothera.
All of these sites are licensed to offer their gambling services to Indian players and allow them to make deposits and withdrawals using PayPal and other trusted payment methods. Before picking any of these sites, check their terms and conditions, game selection, customer service, and other factors to ensure that it best suits your casino gaming taste.
Frequently Asked Questions
PayPal is a safer and faster online payment system that allows making secure and easier transactions online and on mobile with full confidence. PayPal is free to use and takes just a few minutes.
Sign up at PayPal and link your credit/debit card. Pay with your PayPal account at any area you want and confirm your payment by receiving an email. The process will be completed by the company.
PayPal is a reliable company with good consumer protection and payment security. Advanced anti-fraud detection with 24/7 account monitoring and end to end encryption is applied to keep users and their data safer.
PayPal is free to use online payment system for purchasing goods or services. 2.9% + $0.30 transaction fee is charged at the end of a receiver when funds come from a credit card.
PayPal is one of the well-established and trusted online payment methods that facilitate safe, convenient, and fast transactions. Considering its popularity, many online casinos start accepting this method in India.
Before sending any payments, a PayPal user has to get a confirmed bank account or a credit card. Like a bank, you require a source of funds before purchasing anything.
Visit the PayPal site, register an account, and fund it. Sign-up at your favorite casino online and choose PayPal as a preferred payment method for deposit or withdrawal. Follow the recommended instructions.
No, PayPal is not banned in India. It can be used for paying or receiving funds to non-Indian customers. Inter-country transactions are not allowed. However, it is engaged with RBI.
Since its launch in India, PayPal has been used widely for secure and fast cross-border transactions. However, today it is used by Indian people for making transactions with major domestic merchants.
Betway, Pure Casino, LeoVegas, and Royal Panda are the well-established online casinos in India that accept PayPal as a secure payment method.