What Is PayPal?
PayPal is an American company that specialises in electronic payment processing. They were founded in 1998 by the likes of Elon Musk, Ken Howery, and others for the purpose of making online purchasing and money transfers safer and easier for consumers. In 2002 they were acquired by eBay. They are now a worldwide company with local offices and subsidiary products all over the globe. PayPal manages dozens of currencies in close to 200 countries and routinely handles upwards of $200 billion in transactions yearly. They collect a small percentage (usually 2-4%) for processing these transactions. They offer a system for both buyer and seller protection and have their own fraud prevention company and options for additional account protection using unique security tokens for verification.
Why You Should Use PayPal To Play At Online Casinos?
As you can see, PayPal is a major e-wallet company that takes its business quite seriously. You don’t get to be a company as well respected as they are by allowing any funny business to go on using your product. PayPal has been known to refuse services to vendors with bad reputations. What this means for you is that seeing that PayPal is an accepted method of payment in an online casino is already a good sign that they are a respectable establishment.
Many consumers are reluctant to provide credit card information or banking details to vendors that have not earned their trust. As an e-wallet solution, PayPal offers an added level of separation between the casino and your credit card or personal bank account information.
PayPal processing times are very fast. In some cases, payments to you from the casino can take more than a week to clear your bank or credit card. With PayPal, that time is reduced to 1-3 days, so your precious winnings get to you even faster from your favourite PayPal casinos.
Because PayPal is such a safe and trusted method of payment, it is accepted in many casinos and will even earn you special welcome bonuses and great deals on reloading your online casino account. PayPal is also extremely easy to use and can help you budget your spending since you only keep as much money in your PayPal account as you choose.
Sign Up With PayPal In 4 Easy Steps
If you don’t already have a PayPal account, now is the perfect time to try it out. They have a friendly and easy to use interface that makes opening an account with them a breeze.
- Step 1 – Go to paypal.com on your preferred web browser and click on ‘Sign Up.’
- Step 2 – Choose the kind of account you wish to open. You can choose a personal account or a business account if you have products or services to sell or need to be able to send detailed invoices.
- Step 3 – Choose the email address and password you wish to link to your new PayPal account and then fill out your personal details.
- Step 4 – Verify your account and attach a credit card for payments and transfers.
It’s as simple as that; you’re now ready to use PayPal in your favourite online casino or anywhere else it is accepted.
How To Use PayPal At Your Favourite Casino
Casinos are designed to make it easy for you to come in and join up. The average online casino will accept as many methods of payment as they can support just to facilitate making your deposits easier. The first thing you should do is check out your favourite casino and make sure they accept PayPal for both deposits and withdrawals. You don’t want any surprises later when trying to collect your winnings. Once you have found a preferred casino that works with PayPal, register for an account and select PayPal as your payment option. You can then send money to the casino right from your PayPal account and will be able to play the games you love in a matter of seconds. When it comes to the withdrawal process, it is just as easy. When you wish to cash out, just select your PayPal account as the destination for the withdrawal, and you will have the funds in your account at lightning speed. Once there, you can choose to leave them in your PayPal account for future purchases, transfer them to an attached credit card or bank account, or even apply for a PayPal debit card, and then use those funds in brick and mortar establishments that accept MasterCard Debit cards.
PayPal is a highly recognized and respected e-wallet payment option that is accepted at some of the best online casinos around the world. If you don’t have an account with them already, try them out today for fast, easy, and secure transactions so that you can concentrate on the important things in life, like whether you should take that next card or stay at 16.