PayPal Blackjack Casinos

Some people who play blackjack at online casinos use PayPal to fund the transaction. Depending where you live, PayPal might be an excellent solution, but in some countries, like the United States, it’s a less effective solution for Internet blackjack aficionados. This page provides an overview of how PayPal works and why it might or might not be a good choice for you when you’re funding an online casino account.

How PayPal Works with Blackjack Casino Deposits

PayPal is what you would call an online wallet. That’s similar to a bank, but its purpose is essentially different. A bank holds your money safely until you write a check with it, and usually it uses that money to fund things like loans for other customers. If you maintain a high enough balance in your checking account, you might even get paid interest on your account balance.

This is not true with PayPal. Their service was designed to make it easy to make purchases over the Internet between individuals. Most people who are selling items on eBay don’t have a credit card processing machine, so they wound up having to wait until a check arrived in the mail. But with PayPal, they were able to put money in an online wallet, and then pay that money to someone else via their email address. It’s just like taking money out of your wallet and handing it to someone at a flea market.

There’s one difference, though. PayPal charges fees for most transactions, and that’s how they stay in business. In fact, PayPal is a classic example of what investor Warren Buffett calls a “toll bridge” type business. They don’t buy or sell anything, but every time someone uses their service to buy or sell something, they get a small amount of money.

PayPal users generally enjoy the convenience that PayPal offers. In recent years, PayPal has even made debit cards available to its users, so that they can access their cash in situations other than online purchases.

Using PayPal to Fund an Blackjack Account

If you’re a player from the United States, PayPal probably won’t work for you as a means of funding an Internet casino account. Some of the laws in the U.S., especially the UIGEA, are draconian about the processing of funds for the purposes of Internet gambling. However, some people in other countries will swap funds from online wallet services that cater to online casinos with people in exchange for PayPal funds, but they usually want to keep a percentage. Between that percentage, the fees that PayPal takes, and the fees that the third-party online wallet service take, you’ve been nickel and dimed to death. For United States customers, PayPal just isn’t a good option for funding your Internet blackjack account. You’re better off finding another online wallet service that caters to blackjack players from the U.S.

On the other hand, if you live in one of the more enlightened countries who seem to realize that citizens should be able to spend their money any way they want to, even if it’s on games of chance on the Internet, PayPal might be an excellent online wallet solution for your casino deposit and withdrawal needs. Most Internet casinos have pages where they list which payment methods and withdrawal methods they use, so just check that page to see if PayPal is listed as one of the options.

Even if the online casino doesn’t accept PayPal directly, if you have one of PayPal’s debit cards, it will work just like a credit card in terms of making a deposit. I have a PayPal MasterCard, and it works just like a debit card at a bank. If I lived somewhere besides the United States, and I wanted to play at an online blackjack site that acceted MasterCard but not PayPal, I’d be all set.