Fees for PayPal Deposits and Withdrawals
PayPal fees at online casinos can seem
confusing at first. However, we break down the 🧾 fees you may across while playing here
so that you have all the information you need in one place:
PayPal Casino 🧾 Site Fees
To
discuss fees, we need to bear in mind the difference between the fees charged by PayPal
for deposits 🧾 and withdrawals, and those charged by the casino site. From the PayPal
casino’s side, deposits are usually free, but this 🧾 varies from site to site. Some may
charge a “deposit fee”, but this is rare. For withdrawals, many casinos do 🧾 not charge
any fees either when you use PayPal, although you may find exceptions.
PayPal Deposit
Fees
In the US, PayPal will 🧾 not charge you anything when you’re using your existing
account balance or an electronic funds transfer from a bank account. 🧾 When you deposit
cash as a personal payment via debit or credit card, there is a 2.9% fee +R$0.30 of 🧾 the
total amount sent.
PayPal Withdrawals Fees
When it comes to withdrawals, charges may
apply depending on where you withdraw your PayPal 🧾 funds to. Once you have your casino
winnings in your PayPal account, you can choose to send them to a 🧾 bank account or debit
card, two of the most preferred options for withdrawals. Depending on your location,
PayPal does not 🧾 charge a fee to transfer funds to your linked bank account. This
applies, for example, to Australia and bank accounts 🧾 in AUD. To send money to a USD
denominated bank account, there’s a fee of 2.5% of the transfer value.
PayPal 🧾 Currency
Conversion Fees
If you need to convert the currency of your funds to do this, currency
conversion fees will apply 🧾 too. For debit card withdrawals, you’ll pay a fee of 2% of
the value of the withdrawal, with minimum and 🧾 maximum amounts set by currency. On the
plus side, withdrawals to your debit card are quick. Bank account withdrawals take 🧾 at
least one business day.
As you can see, some of these fees from PayPal’s end can take
quite the chunk 🧾 off your casino winnings, and this is why some players will prefer
other payment methods. Fees may change depending on 🧾 the jurisdiction or country you’re
gambling from, so always check the PayPal charges you may need to deal with before
🧾 depositing and withdrawing money at an online casino.
