Can I Use PayPal Credit at Online Casinos?

Everybody knows PayPal: it’s one of the oldest and most famous digital wallets out there. Since 1998, it has provided digital solutions for financial transactions for millions of users and businesses. PayPal Credit was launched in 2000, but it’s restricted to users from the United States only. Come with us as we review this payment method and see how it works in online casinos. 

About PayPal Credit

US-based clients can access PayPal Credit, which works like a credit card. There’s a monthly minimum payment, which can be scheduled or paid automatically. There’s no annual fee, though. It can be used for purchases and also for sending money. 

Although it’s only available for clients in the United States, users and businesses from other countries can receive payments through this method. It gives six months for purchases of $99 or above without interest. 

It’s also possible to send money using this credit card. However, there are no financing options for this kind of operation, and the amount sent must be paid in full on the due date. Costs and fees are considerably higher than those practiced by traditional credit card operators. This service has a variable interest rate of 23.99% per purchase.

Pros and Cons

Although it costs more than most credit cards, PayPal Credit is quite easy to obtain. Moreover, the company isn’t picky with credit scores. Those with better figures may start off with more benefits, such as an annual percentage rate (APR) of 0% for specific purchases. It’s a virtual credit card that isn’t designed to work on land-based shops or casinos. 

Still, it offers purchase protection and extended time for paying for your purchases, with no interest. Purchase protection includes full refunds and free shipments for returning items that fell short of your expectations. 

About Online Casinos

The most competitive online casinos offer various payment methods besides traditional credit and debit cards. Digital wallets are a very common option for making deposits and withdrawals in online casinos, and PayPal is arguably the most popular choice among them. 

Many online casinos typically process faster banking operations for those using digital wallets, with instant deposits and withdrawals. Every online casino that accepts PayPal is also ready to accept payments with PayPal Credit. It makes no difference for the receiver (be it a business or a person) if the payment is funded by cash or credit. You can find detailed banking information about your favorite online casino from our reviews or by visiting them.