28 July, 2019 15 October, 2019

PAYPAL ONLINE CASINOS

Gambling for real money can be a thrill. You either win big or go home. Despite the uncertainty, people throng casinos in India, because it’s a gala of offbeat entertainment. However, the country has traditional casinos legally operating only in Goa, Sikkim, and Daman. If you’ve had the chance of visiting one, you’re lucky. For the rest, the Internet is a respite because online betting is on the rise. Deposits and withdrawals are now easy with all those payment gateways. But, none beats the funding solutions offered by PayPal. It’s quick, convenient, safe, and a people’s favorite. To cut the long story short, if it’s not a PayPal online casino in India, it’s probably not the best.

BEST PAYPAL CASINOS IN INDIA

Given the popularity of the e-payment solution, casinos that accept PayPal are mushrooming across the country. But, all are not built equal, especially when it comes to the Indian market. Still and all, some of the top rated ones, have unfailingly focused on cool welcome bonuses, plenty of games and slots, and robust customer support. Authenticity and fair play define them best. Here are some cherry-picked Indian PayPal casinos that deserve mention: 

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Play at a PayPal Casino in India

Among the favorite banking methods for Indians punters at online casinos, PayPal seems to be setting extraordinary benchmarks. It stands out of the crowd as a hassle-free method of funding casino accounts and withdrawing winnings in Indian Rupee (INR). To that end, an online PayPal Casino in India won’t be difficult to spot. The real challenge, however, is to tell the trustful and scammy ones apart. To save you from the perplexity, we recommend top online casinos that accept PayPal in India. Check out the list below, pick one, and start punting today!

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WHY USE PAYPAL WHEN GAMBLING ONLINE IN INDIA?

Although the country’s betting market is worth more than $130 billion, the government has put it in a gray area with a rather convoluted perspective. To that end, Indian banks and casinos are almost always at odds with each other. The former is finicky when it comes to processing gambled money.

In fact, Reserve Bank of India – the central banking institution of the country has been running riot to make sure Indians have no way to hide money, whether online or offline. It has also instructed the banks to decline any transaction attempted with gambling merchants, whatsoever.

As such, bank transfers are not recommended and credit or debit card withdrawals are unreliable. E-wallets come as a relief, but not all of them meet RBI policies. Thankfully, PayPal exists. It complies with RBI policies and follows strict standards for cross-border money transfer. That makes it the most credible choice for gambling transactions in India.

More advantages of using PayPal at online casinos:

  • Basic account creation is free.
  • No financial details are needed to qualify.
  • Make use of your debit card when you don’t have a credit card.
  • Deposits are instant.
  • Receiving money from overseas online casinos is possible.
  • Recurring payments can be cancelled at anytime.
  • Sending mass payments is possible.
  • Payments are protected by both the casino and PayPal’s SSL certificate.
  • You’d receive an email notification every time a transaction is made.
  • All card information can be stored in one secure place.
  • Customer service is awesome.
  • Welcome bonuses are most appealing.
  • You’d find more games in an online PayPal casino than in any other land-based casino.

VIDEO TUTORIAL ON HOW TO Set Up PayPal Account in India AND Start Receiving Online Casino Money

HOW TO DEPOSIT RUPEES TO YOUR PAYPAL ACCOUNT

In India, there’s no way you can top up your PayPal account because the payment processing platform does not support holding funds in the form of Rupees. However, you can pay online without adding funds as the platform directly takes the amount from any linked card or local bank account.

Follow these simple steps to…

A. Link your local bank account

In Account In App
Step 1. Sign into your PayPal account. Step 1. Sign into your PayPal app
Step 2. Go to ‘Payment Methods.’ Step 2. Tap ‘Settings’ and then ‘Banks and Cards.’
Step 3. Click ‘+’ under ‘Bank Accounts.’ Step 3. Tap ‘+’ and then ‘Bank Accounts’
Step 4: Add bank account details. Step 4: Add bank account details.
Step 5: Click ‘Continue.’ Step 5: Click ‘Continue.’
Step 6: PayPal will send 2 small deposits (less than 1.50 INR) to your bank account within 24 hours. Step 6: PayPal will send 2 small deposits (less than 1.50 INR) to your bank account within 24 hours.
Step 7: Once you receive the deposits, click ‘Confirm’ near the bank details. Step 7: Once you receive the deposits, click ‘Confirm’ near the bank details.
Step 8: Enter the deposit values and click ‘Confirm.’ Step 8: Enter the deposit values and click ‘Confirm.’

If you have linked one bank account, this will be your auto-withdrawal account. Any balance in your PayPal account will be automatically withdrawn to this account. For more than one bank account, you can select the preferred account where you want to receive the funds. To keep away from withdrawal failures, make sure the name on your PayPal account is same as that in your bank account and PAN ID.

B. Link your credit or debit card:

In Account In App
Step 1. Go to ‘Payment Methods’ Step 1. Tap ‘Settings’
Step 2. Go to ‘Credit and Debit Cards.’ Step 2. Tap ‘Banks and Cards.’
Step 3. Click ‘Link a Card.’ Step 3. Tap ‘+’ and then ‘Debit or Credit card.’
Step 4: Enter your card information and save it. Step 4: Enter your card information and save it.
Step 5: You will be directed to the card issuer’s website for authentication. Step 5: You will be directed to the card issuer’s website for authentication.
Step 6: Enter the OTP you have received within 48 hours to confirm your card. Step 6: Enter the OTP you have received within 48 hours to confirm your card.
Step 7: Confirmation of credit cards requires you to enter a unique 4 digit PayPal code on the card statement. You will be charged $1.95 (135 INR approximately) for the same. Once confirmed, you will receive a refund of $1.95 within 30 days. Step 7: Confirmation of credit cards requires you to enter a unique 4 digit PayPal code on the card statement. You will be charged $1.95 (135 INR approximately) for the same. Once confirmed, you will receive a refund of $1.95 within 30 days.

You can add a maximum of 8 cards. Cards that are eligible for auto-update will be automatically updated by PayPal on your behalf, including the migration of all associated billing agreements and payment preferences to the new cards. Currently, PayPal supports Visa, MasterCard, Discover, and American Express debit cards only. It does not support Maestro debit cards.

HOW TO DEPOSIT RUPEES TO AN ONLINE CASINO FROM PAYPAL

Supposing you have already set up your account and linked your local bank account or card, follow these steps to deposit money from PayPal to an online casino in India:

  • Step 1: Choose a PayPal casino that’s trustful. Look for ranks and expert reviews in terms of bonus, transaction methods, and range of games.
  • Step 2: Select PayPal as your preferred mode of payment.
  • Step 3: Enter the amount and hit ‘Deposit.’ Please make sure the amount you enter is available in your bank account.
  • Step 4: Confirm your payment by submitting your email and password.
  • Step 5: Log in to your online casino account to check whether the amount has been deposited.

HOW TO WITHDRAW RUPEES FROM AN ONLINE CASINO TO PAYPAL IN INDIA

If you are a new user, PayPal will withhold any money you receive and release it after 21 days post proper verification of the same. You will notice it as ‘Money on Hold‘ underneath your PayPal Balance. This will continue until you have proved your credibility and met these following requirements:

  • Completed 20 transactions smoothly without any dispute or claim or return.
  • Received a minimum amount of $200 USD.
  • Maintained a good standing of your account for at least 60 days.

Once these requirements are met, you will receive your future payments within 24 hours and even at a discounted withdrawal fee. Now, supposing you have made a deposit or won gambling money in your online casino account, you can withdraw it to your PayPal account by following these simple steps:

  • Step 1: Navigate to the withdrawal page on your online casino account and select PayPal as your preferred withdrawal option.
  • Step 2: Enter the amount you need to withdraw. Make sure it is equal to or less than the amount available in your balance. Prior to this, make sure to go through the casino’s terms and conditions regarding money withdrawal.
  • Step 3: Approve your withdrawal and wait for the amount to be credited in your PayPal account.
  • Step 4: Once the amount has been credited, wait for it to be automatically transferred to your bank account.

HOW TO WITHDRAW RUPEES FROM PAYPAL TO YOUR INDIAN BANK ACCOUNT

As stated earlier, the process of withdrawal of PayPal funds to an Indian Bank Account is automatic (within 24 hours). If you’ve linked one bank account, this is going to be the default account where you will receive all funds every day. If you have linked multiple accounts, you can choose your preferred bank account for withdrawal. This apart, you can manually withdraw money by following these steps:

In Account In App
Step 1. Sign in to your PayPal account Step 1. Sign in to your PayPal account
Step 2. Click ‘Payment Methods.’ Step 2. Tap ‘PayPal Balance.’
Step 3. Click ‘Transfer Funds’ under PayPal balance. Step 3. Tap ‘Withdraw Money.’
Step 4: Enter the withdrawal amount and select your bank. Step 4: Enter the withdrawal amount and select your bank.
Step 5: Click ‘Continue.’ Step 5: Click ‘Continue.’
Step 6: Review the details and confirm ‘Withdraw.’ Step 6: Review the details and confirm ‘Withdraw.’
Step 7: Check your bank account to see if the amount has been credited. Step 7: Check your bank account to see if the amount has been credited.

Approval of withdrawal will depend on your bank’s transaction clearing process. Usually, it takes 1 business day, but could extend up to 7. The minimum amount for withdrawing manually is 500 INR. Also, once you have requested a withdrawal, you cannot cancel it.

For local payments, PayPal currently deducts 2.5% of the total amount + 3 INR fixed fee per transaction. So, if you receive a payment of 1000 INR, an amount of (25 + 3 = 28) INR will be deducted and 972 INR transferred to your account. The withdrawal fee for international transactions is different. Here’s how users are charged per transaction:

  • Up to $3,000 USD – 4.4% + Fixed Fee (based on ongoing currency conversion rates)
  • $3,000.01 USD – $10,000 USD – 3.9% + Fixed Fee (based on ongoing currency conversion rates)
  • $10,000.01 USD – $100,000 USD – 3.7% + Fixed Fee (based on ongoing currency conversion rates)
  • $100,000.01 USD and more – 3.4% + Fixed Fee (based on ongoing currency conversion rates)

The currency conversion will depend on the prevailing market rate. Furthermore, PayPal users in India cannot receive amounts that exceed $10,000 in one transaction. Also, in case of a failed withdrawal due to incorrect bank details, the amount is refunded to the PayPal account in exchange on a withdrawal return fee.

With a view to meeting the latest GST rates levied by the Government of India, PayPal has started levying the same on every user, regardless of a personal or business account. 18% GST is now applicable on the PayPal fee and a copy of the consolidated invoice sent to the user every month. Only those users registered in a SEZ (Special Economic Zone) unit are exempted from the tax.

4 LEGAL PAYPAL CASINOS YOU SHOULD CHECK

If a casino bonus is one of the things that fascinate you, then LeoVegas should be your first resort. The welcome bonus for new players is quite an unmatched bonus in the industry. However, if you don’t fancy bonuses, here is what this experienced online gaming company has for you. LeoVegas is an award-winning online gaming company established in 2011. The casino is reputable for its nice packages such as bonuses, free spins, promotions which also extend to a VIP program for the elite players. The customer service is excellent and is available on a 24/7 basis all year round. Neteller is one of the payment options from the other options which stand out. Just to explore a little about how Neteller works perfectly with Leo Vegas, you will be surprised to learn that deposits are processed free of charge and deposits to player’s accounts is instant. The collection of games is also great, there is a combination of classic titles, recent titles and prominent title such as game of thrones slot, Starburst, and Book of Oz. You are guaranteed of fun when you sign up with this Neteller casino.

Panda’s might be interesting to watch, but does it beat the opportunity to redeem a 100% welcome bonus up to ₹30,000? That’s what Royal Panda is offering new players who open an account with them and fund their account. Besides the welcome bonus, Royal Panda offers an array of games to its players. Examples of such games are; live casino games, table games, a sportsbook, cards and much more. It offers players a wide range of payment options; one notable option is Neteller which doesn’t charge anything when you fund your account. You don’t have to worry about the trustworthy of Royal Panda; it is a licensed business operating under the watch of Malta Gaming Authority and UK Gambling Commission. Something also worth noting is that it has a dedicated Indian website implying that all the content on that website is localized for Indian viewers.

Known for its immense advertising on the internet, Betway is a brand just has pulled that big boy move and moved closer to the league of the giants of online gaming. Established in 2006, Betway is company that offers lots of exciting perks to Indian players ranging from its exciting welcome bonus, a collection of games to reliable customer care and convenient payment method like Neteller. Neteller is one among the many supported payment options that Betway avails to Indian players. The company charges no fee for transactions relating to Neteller. Other exciting features about this Neteller casino are the high payout and high odds.

The Green website interface is the fast thing that radiates when you visit Unibet, well it isn’t a fault to conclude the Unibet as a gaming site is green, here is why. Unibet is a licensed online gaming company licensed by the Malta gaming authority; this means that it a secure site since all their processes are audited for fairness and transparency. New players are offered a 100% welcome bonus while existing players are offered bonuses and promotions. Popular payment methods such as Neteller are supported and Indian players can fund their accounts at no cost. Another interesting feature is the Unibet community that you can take some coffee break and interact with other players via threads.

WHAT IS PAYPAL?

PayPal is a global payment processing company known for its eponymous flagship payment system that enables online monetary transactions worldwide. It allows money transfers between individuals and businesses as well as online merchants as a payment gateway.

Functioning as a payment rail, PayPal electronically processes payment between the payer and payee in exchange of a certain percentage of the money. By far, it is considered one of the fastest, safest, and easiest online payment processing platforms with 24×7 fraud prevention.

HOW TO REGISTER A PAYPAL ACCOUNT

Here are the steps to setting up a PayPal account…

  • Step 1: Visit the PayPal website or install the app on your smartphone.
  • Step 2: Click ‘Sign Up for Free’ or tap ‘Sign Up.’
  • Step 3: Choose between a ‘Personal’ and ‘Business’ account. You an start with a Personal account and upgrade to a Business account later. Standard accounts are free. Pro accounts cost $30 per month.
  • Step 4: Enter a valid email address and create a strong password.
  • Step 5: Feed the given form with your personal information, including your legal name, physical address, and a valid phone number.
  • Step 5: Enter your card details. You can skip this step. But, it will be necessary if you want to verify your PayPal account. If you want to do it later, you can go ahead with the command for linking you bank account.
  • Step 6: Enter your local bank details. You can skip this step, too, if you don’t want to receive money in your bank account straightaway. But, eventually, you will have to do it.
  • Step 7: Confirm your email address to start using PayPal account.

Your PayPal account in Indian should now be ready to use with limited sending and withdrawal limits. Users must keep in mind that they can also send money using a limited PayPal account. To start receiving money, you need to complete further verification.

 

HOW TO VERIFY YOUR PAYPAL ACCOUNT

To be able to send and receive payment via PayPal, you need to verify your account and complete the process of KYC. There are four ways to do it:

  •  Add your PAN details: The name on your PAN card should match the one in your PayPal account. Otherwise, your account might get suspended. 
  • Confirm your email: This should be done immediately after you attempt to create an account. The process is simple; all you need to do it go to your mail box, click the link provided in the welcome mail from PayPal.
  • Confirm your bank details: According to RBI rules, it is mandatory to link your PAN with your local bank account. If you don’t have one, you should immediately apply online on the government website of India.gov.in and link it once you receive it. The entire process would take 2-3 days. Make sure you enter all details accurately. This would include your name, bank account number, and the IFSC. Your bank details can then be confirmed when PayPal sends two small deposits and you successfully enter the correct deposit values on the website.
  • Enter Purpose Code: Select the purpose which defines the nature of your business for which you would receive money. This would be a default. You can choose any other at the time of withdrawing money.

MAJOR BANKS IN INDIA THAT DEAL WITH PAYPAL

State Bank of India (SBI)HDFC BankKotak Mahindra Bank
Axis BankICICI BankCitybank
Federal BankIndusInd BankStandard Chartered Bank
IDBI BankHSBC BankSouth Indian Bank
Indian BankStandard Chartered BankBank of India
Union Bank of IndiaIndian Overseas Bank

THE BENEFITS OF USING PAYPAL FOR GAMBLING ONLINE

No Setup Fee

You won’t need to pay anything or submit your financial details to set up a basic account. It’s free!

Ultimate Convenience

Transactions are simple, quick and easy. This apart, you can securely store all card information in one place.

Safe and Secure

PayPal is perhaps the safest payment processing online, and thus, a favorite among online casino lovers. It strictly follows RBI policies for electronic transactions. Any sensitive information or user data is fully encrypted. All payments remain anonymous and are protected by SSL certificate. Also, you can make payments without exposing your card details.

24/7 Fraud Monitoring

This is the feature that makes PayPal a safe way to make and receive payments on online casino websites. It prevents fraud and identity theft via constant monitoring of every transaction. Every time a monetary transfer happens, the user receives an email notification.

Instant Deposits

This is a blessing in the world of gambling. No more waiting for your money, even if it’s coming right across the seven seas!

No Recurring Charges

With PayPal, you can cancel the recurring payments charged by online casinos at anytime.

Mass Payment

This payment processing platform allows mass payment.

Automatic Currency Conversion

PayPal follows the current currency exchange rate to convert foreign funds into Indian Rupees. This frees you from the hassles of figuring out the rate manually.

Mobile App

Transactions can now be made within a few tabs on your smartphone. The PayPal app is safe because of the PIN feature which keeps your information safe even if the device falls into wrong hands.

Customer Satisfaction

PayPal delivers customer service that meets and exceeds expectations.

SUMMARY

Some gamble online to try their luck with high hopes of hitting a jackpot. Others do it because it’s fun and winning or losing doesn’t matter. Whatever be the reason, everything boils down to one simple thing – the size of the bankroll you are willing to risk. In India, this is almost a frenzy, which has further lead to the mushrooming of online casinos that are not trustful. However, with PayPal, it’s now easy to tell a reliable online casino from a scammy one. It’s fast, convenient and absolutely a bettor’s delight!

FAQ

It is the safest e-wallet available. PayPal follows RBI policies for electronic monetary transactions. User data is fully encrypted and payments are protected by SSL certificate.
 

Yes, every individual can have two accounts – one consumer and the other business. Users can add multiple email addresses, bank accounts, credit cards and debit cards. However, each account should have a unique email address and distinct financial information.

Yes, it does. PayPal can be contacted via telephone and email. You can also enquire the PayPal Community and have your transactional issues resolved at the Resolution Center. This apart, the official website lets you look for common issues and offers befitting solutions.

1-800-419-9833 is the toll free number for English service only. For people calling from outside India, the number is +91 44 66348091 (international charges may apply). Customer service hours are from 9:00 AM IST to 9:00 PM IST, Monday through Sunday.

Receiving payments is possible without being verified if you’ve successfully confirmed your email address and activated your account.

You cannot store money in PayPal in India. There’s no minimum deposit amount.

You cannot store money in PayPal in India. There’s no maximum deposit amount. The receiving limit is, however, $10,000 (6,90,000 INR approximately) per transaction for Indian merchants.

There is no minimum withdrawal amount for automatic withdrawals. However, the minimum for manual withdrawals is 500 INR.

There is no maximum withdrawal amount for automatic withdrawals.

PayPal was founded in 1998 by Peter Thiel, Max Levchin, Ken Howery, and Luke Nosek. It was then called Confinity and developed security software for handheld devices. It was later launched as a payment processor service on 1999, backed by John Malloy from BlueRun Ventures. In 2000, Confinity was merged with X.com – the online banking company headed by Elon Musk. After the CEO of X.com Bill Harris left the company, Musk decided X.com would solely focus on PayPal. During that very time, Musk was replaced by Peter Thiel as the new CEO. He then renamed X.com as PayPal in 2001. In 2002, PayPal was bought by eBay for $1.5 billion.