Forum

Paypal withdraw to online casino
 

I have recently saw a lot of online casinos advertising that they now take paypal as a method to deposit funds so you can play their games but has anyone thought of trying this as a method of withdrawal from paypal?

Register with William Hill, register your credit card/debit card details as a method of depositing funds, then deposit funds from your paypal account to william hill then back to your bank account via your card??

Just a thought..........

I doubt they would transfer funds to your card if you haven't made deposits from that card to the casino.

its only a 5 pound minimum deposit anyway.

What I mean is if you transferred say $500 from Paypal to your casino account. But you have only loaded $10 from your credit card to your casino account when you go to make the withdrawal to your credit card the casino may only allow you to put $10 onto the card because that is the total amount transferred from that card. The rest maybe they send in a check to you??
I would go to the casino withdrawal rules and read the fine print.

Dont be fooled. This is a real let's get limited by paypal deal. It's a red flag for money laundering, money moving etc.

When this method started obviously lots tried it. Not worth it in terms of easily getting your own money. paypal gets well antsy. And when paypal goes like that, they limit accounts. I can assure that I know of 2 accounts that got the funds held permanently. Now I'm not going to spell out why but I'm sure you get my drift. :spy:

Most sites, if not all that deal with e currencies usually have a one way in/same way out policy to avoid money cleaning

Meaning you can load with credit card and only withdraw to same card. You would have to actually win money on top of deposit before you could withdraw to a separate source.

PayPal is one of the strictest companies on in/out TOS. Hence there is almost no way but bank....

He is in the UK I thought you could not withdraw through a card in the UK?

But I agree it would be a risky solution.

Use moneybookers if you can, i have been limited trying to withdraw from betfair to paypal.