PayPal is one of the popular online payment systems used by thousands of online casino players around the globe. There are many fantastic reasons why people choose PayPal as a payment option and here we have the information that you need. Read on to learn more about PayPal Casinos and why it is one of the most sought-after payment options in the online casino industry.
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The good thing about PayPal is that it offers plenty of advantages as compared with the other payment methods such as Skrill, Neteller and Crypto. In fact, many online casino players consider PayPal as one of the best that you can use online. As a leading e-wallet and payment provider, it is widely accepted in many reputable online casinos making any financial transactions easy and more convenient. In fact, PayPal is one of the oldest and most reputable digital payment providers that was launched in 1998. If you want to learn more about PayPal and the reasons why more and more gamblers use it, then this article will give you the information that you need to maximize your experience in playing online casino games.
There is a high chance that you have heard of PayPal. You may also have read a little about it while you were looking for a reputable casino to play your favorite games. It was originally established by Peter Thiel, Luke Nosek, and Max Levchin in 1998 as Confinity. The company is known for developing security software, mostly for handheld devices. Unfortunately, they were never that successful in that line of business. This prompted the founders to shift their focus to a digital wallet. In 1999, the very first PayPal electronic system was launched.
The following year, Confinity merged with an online financial services company, x.com, which was founded by Elon Musk. Eventually, they focused their efforts and resources on PayPal and went public in 2002. The IPO was at $13 per share which generated over $61 million. Shortly after that, PayPal was acquired by eBay. As such, transactions or auctions in eBay became more convenient as all financial aspects can be through PayPal. It actually became the default payment option for most eBay users.
For better security support, PayPal acquired the VeriSign payment solution in 2005. They also announce their partnership with MasterCard in 2007. This merging led to the development of the PayPal Secure Card service. This is a software that allows customers to make payments on websites that do not accept PayPal. The growth of the company even skyrocketed when it acquired Fraud Sciences, a company that developed online risk tools.
Interestingly, by 2010, PayPal already has more than 100 million active users around the world. Later on, in addition to providing payments for retailers on eBay, they also ventured into an offline business to cater to more customers so that they can make payments via PayPal in stores. Additionally, the company acquired Xoom Corporation, a digital money transfer company, so that users of PayPal can fully enjoy a wide variety of services.
What makes it more fascinating and interesting is the fact that most online casinos accept PayPal as a payment method. This makes playing online gambling games more fun and exciting. There are different reasons why PayPal is a leading choice in online casinos and here are the reasons why:
Using PayPal as a payment option for online casinos is one of the easiest among the ones on the list. Here’s how you can use PayPal in online casinos:
Withdrawal of your earnings is likewise straightforward. First, you need to have your personal bank account or debit card linked with PayPal. This will be where you will transfer your PayPal balance. When ready to withdraw your winning, you have to go to the PayPal website or app and log in to your account. Go to “Wallet” then select “Transfer Money” and the “Withdraw from PayPal to your bank account. Choose the linked bank account you want to send the money to. Do not forget to enter the amount you want to transfer and check the details before confirming.
Using PayPal gives you a lot of benefits, especially when used in playing online gambling games. Though we understand that there are other options, it is still smart to look at the pros and cons of PayPal before finally dividing it to be your online casino e-wallet.
On the other hand, PayPal still has its downside. It is not accepted everywhere in the world and is not available in all online casinos. Some fees may likewise be charged to the user and has strict rules in transacting with online casinos.
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In contrast with other e-wallets, users of PayPal are usually qualified for bonuses. As such, you can use PayPal with ease and receive the best bonuses from any PayPal casino. The type of bonuses offered varies and examples are a welcome bonus, deposit and no deposit bonuses, free spins, and loyalty rewards.
Looking for the right PayPal casino may be confusing at times since there are practically hundreds of them that operate worldwide. Once you were able to come up with a list of reputable casinos, check their “Terms and Conditions” first to know more about the casino site. Also, look for the bonuses they offer before making any deposits. With these, you will be able to choose an online casino where you can become comfortable. Especially during the gameplay.
Bonuses are not just for attracting new players or maintaining the old ones. Think of them as rewards to encourage you to gamble on their websites. Traditional casinos are the thing of the past. Online casinos are the future. With PayPal as a payment option, you will surely be able to fully enjoy the experience of playing on any online casino site.
To be sure about the safety of online casinos, always check whether it has a license with a certified gambling authority. Examples are UKGC, MGA, or Curacao eGaming. Online casinos have to undergo a tedious process before they receive their license and the safety and security measures must be checked first.
You can play online with PayPal by signing up on an online casino and choosing PayPal as a deposit option at the Cashier. Select the amount that you will deposit and give it a little time to wait for the funds to appear in your account in the online casino. In many instances, the deposit is instantaneous so you can start playing your favorite casino games.
Check the “Summary” section of your PayPal account. This can be seen when you scroll through the listed transactions. Then check if your deposit or withdrawal has been processed.
You can visit the website of PayPal and check the detailed FAQ section. You may also contact their customer support team through email or by telephone.
