Founded in California in 1998, PayPal was a revolutionary online payment system when it was first introduced. This led to the company being subsequently acquired by eBay in 2002. Currently PayPal is the second most widely used payment system on the Internet, being used regularly by player frequenting online casinos and poker sites.
In 2007 the company obtained an official European banking license and by 2014 they had over 140 million clients in over 200 countries. All fees are charged to the merchant when using PayPal so it’s a completely free to use service. You can also use PayPal to receive funds from other accounts.
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Online Casino PayPal – Key Information about PayPal and how the PayPal casino option works for online gambling
PayPal is an e-Wallet system and as such can be used to make purchases of goods and services via the Internet. With PayPal, funds can be sent to third party at any time, regardless of location. PayPal also allows for cash transfers in over 90 countries and transfer times vary dependent on the country, taking from between 1-3 days on average to complete. You can even use PayPal as a withdrawal method in the majority of online casinos.
PayPal also protects all your bank details when making purchases so 3rd parties never see any of your private information during transactions. This goes a long way in combating financial crime and bank account fraud. PayPal (and the online casino PayPal option) is possibly the safest e-Wallet system because of the strict regulations imposed by the European banking authority. This ensures the highest levels of encryption and account security across the board at all times.
An online casino PayPal option is quite a common sight nowadays at most online casinos, for example there are many American, UK and Canadian online casinos that accept PayPal. With so many e-wallet and digital banking options being utilized these days, using the online casino PayPal option instead of others can bring many benefits including payment protection and the scrutiny of full financial regulation for aiding your general peace of mind. Some PayPal casinos also offer a special rate for using the online casino PayPal option to make deposits, for example you might even get an extra 10% on your deposit just by using the online casino PayPal option as opposed to another digital wallet.
The pros and cons of the online casino PayPal option – Making a withdrawal and deposit using PayPal services
As is the case with many payment methods out there, using the online casino PayPal option has pro’s and con’s that come with it. If you’re thinking of using the online casino PayPal option at your favourite gaming site, take a look at our table below for some quick information.
Want some different options besides PayPal? Have a browse through some other payment methods in the list below and see if they suit your needs: