PayPal is so convenient that most of us use it at least once daily to purchase something online. Most frequently, PayPal is associated with shopping sprees and ordering things online, but what many fail to understand is that it’s used in the gaming and gambling industries as well. The truth is that these two industries also use other payment methods that are solely popular for gambling, but there is a large number of people that use PayPal as their preferred payment method on gambling and gaming websites as well. So, what should you know about PayPal as a payment method for gambling and what casinos should you have in mind?
About the PayPal payment system
First of all, it’s important to know something about the PayPal payment system first. PayPal doesn’t partner up just with anyone, as if you see a website that accepts PayPal, you must be sure that they’re doing something right. Users have complete trust in PayPal as it provides outstanding security, it can be used on your mobile phone, the payments are very fast and secure, and there is no processing fee. On top of that, their customer support is always there to help you out, and the service is accessible in more than 100 countries around the world.
Once you start using PayPal at an online casino, you will see that depositing and withdrawing money is super easy and straightforward. If you’re unsure about which method to use, read the users’ reviews of other methods on the payment methods page. You will see that most recommend PayPal as it’s a great way to transact money. Receiving payments through PayPal is also very easy once you are in your user area of any online gaming platform.
Reasons to choose PayPal
There are many reasons why you should choose PayPal as your preferred method at an online casino, and these are just the most important ones:
There are currently more than 300 million registered users worldwide, so it’s safe to say that it has an outstanding reputation. This number is more than impressive, and because of that it became a reputable brand that deserves everyone’s trust.
Payments and Payout Speed
One of the most significant advantages of PayPal over other payment methods and e-wallets is the payout speed of the transactions. The only thing a user needs to do is connect their bank account to their PayPal account and they can make instant payments in no time.
There is not even a 1% reason to worry about the safety and protection of the funds in your PayPal account. The security protocols PayPal uses are cutting-edge and completely encrypted, so fraudulent activities cannot happen. When you open an account at one of the licensed casinos or sportsbooks, you can rest assured your money will be kept in a safe environment.
Many gamers and gamblers prefer their information to be kept safe and private, which is why PayPal is also good. It protects the users’ privacy to the max and the personal information you provide to a website will stay protected there.
Opening a PayPal account
Opening a PayPal account is very easy and straightforward and can be done in a matter of clicks. These are the steps you need to take to do this:
- Go to the PayPal website or install the app on your mobile phone
- Click “Sign Up” and select the “Personal account” option, as this will give you the option to send and receive money without sharing your payment information every time
- Enter your telephone number
- Enter your name and email address
- Select your password
- Confirm that you accept the terms and conditions
- Click “agree” to finalize the account creation
And that’s it! The PayPal registration process is very fast, and once it’s done you will have to fund your account. To do this, you will have to go through the verification process and link your bank or card.
Depositing and withdrawing money
Making deposits to your favorite online casino with PayPal is very easy. Simply log into your account and go to the Cashier section, where you will select PayPal from the list of available deposit options, and you will enter the amount you would like to deposit. When you’re redirected to your PayPal account page, confirm the transaction.
Withdrawing money is also super straightforward. You will also have to go to the Cashier section and enter the amount you want to withdraw. Choose the method of your choice and click “Next.”
Casinos that accept PayPal
As PayPal is, at the moment, the most popular e-wallet payment option, more and more casinos offer it. What is even better, in this case, is that if you find an online casino that accepts PayPal, you can have 100% trust in that particular casino. As mentioned above, one of the benefits of this payment option is that all transactions are completely safe and secure, and there is no chance you will witness any fraudulent activity on your account.
If you use PayPal for other purchases, then you should definitely have it in mind when it comes to gambling. If you’re a newbie and you’re comfortable with this payment option, feel free to find an online casino that accepts it and go with it. You will have no need to worry, and you already know how PayPal functions and what you have to do to fund your account.