PayPal vs. uPayCard

International online casino players are blessed to have payment methods like PayPal and UPayCard at their disposal. These two global solutions are practically offered across all online casino sites, so there’s the first benefit players get. However, the two are also pretty popular due to the swift, safe and easy transactions they provide users with. Even though they have several differences, both are excellent payment methods to use across online casinos, but for your everyday payments and purchases, as well. Why choose PayPal or UPayCard as your online casino payment method?

About PayPal and UPayCard

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If an online casino player, you have probably come across both PayPal and UPayCard at the lists of accepted methods at the sites you’re playing. That’s because the two are some of the most popular payment methods across online casinos, catering to players from all across the world. Both are global solutions, allowing for swift, safe and easy transactions, therefore, perfectly suited for online gambling transactions. Players are looking for speed, security and convenience, and these are the things both of these methods offer to them.

PayPal needs to real introduction, since it is one of the world’s most well-known eWallets, and one of the oldest, if we may add. Launched back in 1998 in the US, when the world was still sceptic about alternative payment solutions, PayPal paved its way to the top and changed the lives of many who wished to help the revolution of online banking and how money can be moved across the internet.

The secret to its success lies in its years of ups and downs. Its long-lasting operation revolves around users’ complaints, sanctions and praises by users, industries and governments, however, the solution has managed to maintain its reputation intact, due to all the improvements and ongoing commitment to making users’ online banking experience the best there is.

It is precisely due to the turbulent way to the top that PayPal takes regulation seriously nowadays, and excludes countries from its list of eligible ones or adds new ones or reenters old ones as soon as they meet its regulatory standards.

But in all of that, it never forgets the customers and their wishes and demands. That’s why it makes sure to offer the most incredible services, implement the latest security measures and partners with names like Bitcoin and MasterCard to allow users to use cryptocurrencies like Litecoin, Bitcoin Cash and Ethereum and the multi-functional PayPal MasterCard product, respectively. It has also launched its PayPal Connect product, and acquired the Modest mobile service, to offer users an all-encompassing experience.

UPayCard has also had its ups and downs, just like any other solution looking to improve its services and become a respected one. Launched in 2013, it is a solution offering two-in-one online payment services, the eWallet and the virtual prepaid card products. The two products it offers are available all across the world, with the exception of Aruba, American Samoa, the US, Angola, North Korea, Moldova, Afghanistan, and Bahrain.

Online casino players from countries other than these eight can enjoy all of the benefits it has to offer. Now, among these benefits, one of the best is the fact that, just like PayPal, it allows you to transact using both fiat and digital currencies. Over 20 fiat currencies are applicable, such as Australian dollars, UK pounds, Canadian dollars and Swedish krona, as are cryptocurrencies like Ethereum, Litecoin, Bitcoin, Bitcoin Cash and Ripple.

And as far as the fees involved, UPayCard charges only for basic costs of the money transfer. In the past, in its beginnings, it used to charge pretty huge fees, however, with time, due to user’s complaining, it reduced them and today, it only charges for the issuance of the first physical and second virtual prepaid card, as well as for foreign exchange. For the issuance of the first virtual card and for the creation of your eWallet account, you won’t be charged a thing. No monthly or maintenance fees apply, either.

As you can see, PayPal and UPayCard have similar offerings, and they are both incredibly convenient for online gambling transactions. So, stay with us to learn how to get started with each of them and use them across the very best casinos

Getting Started with the Two Solutions

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If you’ve ever used an eWallet or a prepaid card, you know that getting started with these two solutions would be extremely easy. You would need to apply for them, and fund them with money so that you could use them all across the internet.

To get started with PayPal, you would need to visit its official website. You would need to locate the Sign-Up button and then do the following:

  • Start the account registration procedure.
  • You’ll need to share your full name, email, social security number and home address.
  • You’ll need to go through the KYC procedure and provide the required documents to verify your identity.
  • The next step would be funding your account with a different eWallet, bank transfer or credit cards.
  • As soon as your eWallet is loaded, you can start using it.

We didn't mention the fees charged by PayPal earlier. These depend on the payment method you're using to fund your eWallet account. With other eWallets, the fees would vary, depending on the one you choose to go with. With credit cards, you'll need to pay a 2.5% fee, and no fee applies with a bank transfer.

To start using UPayCard, you’ll need to visit its website, too. But now, you’ll first need to decide whether you’d like to use the prepaid card or the eWallet solution. Now, there's one thing to consider here: if you're planning on using the solution for withdrawals only, then you can get started with the prepaid card, but if you need it for withdrawals, too, then you'd need to create an eWallet account since withdrawals with the prepaid card are impossible.

If you decided to go with the eWallet, head over to UPayCard’s official website and do the following:

  • Locate the Sign-Up button and click or tap on it.
  • Enter your phone number, email, date, name and home address.
  • After your account is ready, fund it with QIWI, POLi, Neteller, Payeer, Skrill or the prepaid card if you already have it.

On that note, applying for the prepaid card would be quite a similar process, so just follow the step-by-step instructions on the site to go through the procedure. Funding the prepaid card can be done using the same payment methods, and wire transfer.

You should know that in both cases, to verify your identity, you would need to provide some ID documents. UPayCard is approved by the UK’s Financial Conduct Authority and complies with the Know Your Customer rules, so you’d need to provide the necessary documents to verify your identity.

Using PayPal and UPayCard Across Online Casinos

As you could see, the getting started process with the two solutions is pretty similar. So, as long as you’ve decided on the one to use, the next step would be finding an online casino that accepts it. Most casinos accept PayPal and UPayCard, so it shouldn’t be that difficult to find one to join that you like, that meets your criteria. As long as the site is safe, licensed and offers a wide selection of games, you are good to go with it.

To make a deposit with PayPal, you would need to go through the following steps:

  1. Head over to your chosen casino’s Banking/Cashier page and from the list of deposit methods, choose PayPal.
  2. In the new window, using your eWallet credentials, enter your PayPal account.
  3. Complete the authentication procedure.
  4. Specify how much you wish to fund your online casino account with.
  5. Confirm the transaction and watch the money arrive on your balance in an instant.

Yes, deposits with PayPal are so easy, but instant, too! You’ll fund your online casino account with it in a few seconds. But, the best thing about it? Well, withdrawals with it are instant, as well! PayPal has improved its service so much so, that now, it can process cashouts in real-time too. As soon as the casino approves your withdrawal, PayPal will process it instantly.

Now, the withdrawal procedure is the same, only this time, you'd need to look for PayPal on the Withdrawal Methods page. Request your withdrawal and when the casino gives it a green light, expect your winnings to arrive on your eWallet in a split second.

When it comes to UPayCard, we mentioned that you can use both the eWallet and the prepaid card for deposits, but for withdrawals, only the eWallet account. Let’s start with the depositing procedure first. Just follow these intuitive steps:

  1. Visit the casino’s Banking/Cashier page and find UPayCard’s logo.
  2. If you decided to go with the prepaid card, specify how much you wish to deposit and then enter the required card information (cardholder, card number, expiry date, etc.)
  3. If you decided to go with the eWallet, log into your eWallet account using your credentials and then enter the amount of money you’d like to deposit.
  4. Regardless of your choice, all you’ll need to do next is confirm the transaction and you’ll see that UPayCard will process it instantly.

For withdrawals, as mentioned a few times already, you would need to use your eWallet account. Just look for UPayCard in the Withdrawal section of the Banking page and go through the same steps as described for depositing with the eWallet. Wait for the casino’s approval, and as soon as you get it, UPayCard will transfer the money to your account.

Advantages and Disadvantages

As you could notice, PayPal and UPayCard offer a similar eWallet service. They both accept currencies and cryptocurrencies, they are both available all across the globe with the exception of a few countries, and they both process deposits and withdrawals instantly. They are both safe, complying with the KYC rules and they are both available across a huge number of online casinos. UPayCard also gives you the prepaid card service, but PayPal also has a PayPal MasterCard product on offer. In that regard, they have pretty much the same shared values.

On the other hand, while PayPal was established in and insanely used in the US, UPayCard is not available there. That's one of its biggest disadvantages since the US gambling market is one of the biggest in the online gambling industry, an ever-growing one. Players from the US cannot get access to its services. PayPal, too, has a list of prohibited countries, but these are not countries with important gambling markets you should worry about.

When it comes to PayPal's disadvantages, the most evident one is the 2.5% fee charged when you fund your eWallet with a credit card. But you can go around this fee if you fund your eWallet account using a bank transfer.

Therefore, the two have plenty of advantages to offer to players, and one disadvantage each. So, to make things easier for you, if a player from the US, you can only use PayPal. But, if from anywhere else in the world, you can compare the two and decide to go with the one that suits you better. They are both excellent solutions to use for instant deposits and withdrawals, but you can also use them for your everyday payments and purchases. Regardless of your choice, you can rest assured that you will receive a world-class service, a safe and convenient solution to use, no matter where you’re from. Enjoy them!

Payment Methods Comparison
Payment methods name PayPal uPayCard
Available accounts 2 accounts (1 personal + 1 business account) 2 accounts (1 personal + 1 business account)
Available currencies AUD, BRL, CAD, CNY, CZK, DKK, EUR, HKD, HUF, ILS, JPY, MYR, MXN, TWD, NZD, NOK, PHP, PLN, GBP, RUB, SGD, SEK, CHF, THB, USD EUR, USD, JPY, GBP
One time signup bonus n/a free
Account management fees free free
Account unused free free
Exchange fees (FX) 2.5% 3%
p2p Money transfer
Send money p2p free n/a
Receive money p2p Free for p2p in same country and currency by using bank or PayPal balance only.By transferring money internationally, with different currencies or by using a credit card the fee is between2.9% + 0.30 USD (from US to US account) and7.4% + 0.50 USD (from US to Brazil account)–> PayPal User Agreement #Receive Money n/a
Deposit fees
Bank transfer free n/a
Instant bank transfer free n/a
Credit card between 2.90% + 0.30 USD and 7.40% + 0.50 USD 0.25 EUR +3.9%
Withdraw fees
Bank transfer free 10-25 EUR
Cheque 1.50 USD n/a
Prepaid card at the ATM 1.95 USD n/a
To merchant site free (only available at few online gambling providers) n/a
Cashback and promotions
Additional bonus programs none n/a
PrePaid card PayPal PrePaid MasterCard UPayCard
Requirements to order customer for 60+ days with premier or business account Personal Card and Business Card
Fee to order free free
Membership 4.95 USD/month 2 EUR/month
Costs for cash withdrawals at the ATM 1.00 USD + 2.5% FX fees, 1% + 2.5% FX fees outside the US 3.5 EUR
ATM transaction decline fee 1.00 USD n/a
Costs at points of sale free n/a
Stop payment fee for preauthorized 10 USD n/a
Online bank statement free free
New PIN free n/a
New prepaid card 5.95 USD n/a
Cash withdrawal at ATM limits/24h 940 USD 900 EUR
Points of sale limits/24h 5,000 USD n/a
Delivery time 2-4 weeks up to 6 weeks
Prepaid card available currencies EUR, USD EUR, USD, JPY, GBP
Validation 3 years 36 months
Two factor authentication PayPal Security Key 3D Secure
Fee to order 29.95 USD n/a
Money-back guarantee in case of fraud yes n/a
Link to terms & conditions https://www.paypal.com https://upaycard.com/about

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