Using PayPal does come with some downsides. One of the biggest drawbacks is that PayPal may not be available at all online casinos. Not every online casino allows players to use PayPal, so players should double-check to make sure that this payment method is available before registering.
Secondly, PayPal does come with certain restrictions. For example, players may not be able to withdraw more money than they deposited. This can be an issue if you win a lot of money, as you’ll be limited in the amount that you can withdraw.
Lastly, PayPal may charge a fee for sending and receiving money. This is usually a small fee of between 2-3%, but it can still add up if you’re making multiple transactions.