Transferring funds from your PayPal to an online casino?

[Modee]

Some people have considered or attempted to drain their PayPal accounts via transfers to a casino, and then withdraw the chips to themselves, by losing it to another player they have created in another account. Sounds ingenious in theory!

You would need to resort to something desperate like this only if you expect your PayPal to be shut down immediately, and need to get the cash out quickly, irreversibly.

As far as direct transfer to a European casino, if the PP account is in the U.S., this sort of transaction is not allowed in the first place. Actually, PP's user agreement does not allow transfer directly to ANY online casino, period, no matter where the PP account is.

Also, most casinos themselves do not allow U.S. players, and none as far as I am aware allow direct payments from PayPal accounts.

Take a look here too:
PayPal Casino
this does outline a scheme to get money from PayPal to casino. I cannot comment on it, as I have never done this sort of thing. I can say that if anyone wishes to try it, he'll have to do the same sort of analysis I have done with PP --> XOOM
Xoom - for use on EBAY, and as a method to drain funds from your PayPal?
I wrote about above in order the evaluate whether it will work.

Also read this carefully:
Transferring funds from PayPal to a casino? An analysis of ways get money out of PP - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited