PayPal, the market leader in the e-wallet world, allows for quick and easy transactions at online casinos.
PayPal, which started trading in 1998, was arguably the first e-wallet to enter the market. Renowned for being owned and linked with eBay for many years, it quickly established itself as one of the go-to ways to complete transactions online. And as a result, it currently serves in excess of £320 million people worldwide.
What PayPal brings to the table is a different way to pay online, and it’s one that many have bought into, which is evidenced by a significant profit margin increase since 2020. In addition, the way people make transactions on the internet has changed, and PayPal offers a modern alternative to traditional methods, which appeals to gamers and gamblers.
Since the late 90s, PayPal has also made itself one of the most accessible payment services around. Over two hundred nations worldwide have access, and there are multiple ways in which this can happen, which again is another plus. PayPal is also as robust a service as they come, giving users peace of mind.
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The first thing to note about PayPal is that you must have it all set up before you can use it. While there is the opportunity for guest checkouts at times, linking your card and account and becoming a verified member means you’re protected if anything should go wrong.
If you’re planning on playing at an online casino, it’s worth checking that PayPal is approved for both deposits and withdrawals first, as some don’t accept it as a payment solution.
To make transactions using PayPal is very straightforward, which is why so many turn to the e-wallet when spending online. First, users must log in to their casino account and then, after selecting to deposit or withdraw via PayPal, they will be able to get the transaction underway either in-browser or via the PayPal app.
When transactions are underway or have been completed, all the details will be available to see within a user’s PayPal account, allowing them to keep track of everything in real-time. It’s a convenient service to use at online casinos because it’s quick and takes a couple of clicks on a smartphone screen.
The security of the PayPal service is different depending on how you access it. We’ll start by mentioning there is 256-bit SSL Encryption in place, which is very much par for the course nowadays. It’s robust as they come, and it would take cybercrooks years to penetrate it as a defence mechanism.
It’s also worth noting that because PayPal operates as a sort of middleman in a sense, the debit card linked, for example, will have its own layer of security. So, it could be an authentication process as seen when making transactions using Visa online.
And speaking of authentication, if you’re a PayPal user and access the service via their bespoke app, there’s two-factor authentication to take advantage of. So, for example, it could be a case of wanting to make a deposit at an online casino but having to use a fingerprint to confirm before the transaction can take place.
Yes, it’s common for users from territories such as the European Union, United Kingdom and the United States to incur fees of around 1% to 3%.
You can access the PayPal service in-browser on desktop, tablet and mobile. Or via the PayPal app.
Many currencies get the thumbs up from PayPal. They include AUD, CAD, NZD, HKD, BRL, USD, SGD, DKK, CNY, CZK, JPY, EUR, HUF, MYR, JPY, ILS, MXN, NOK, RUB, PLN, PHP, CHF, SEK, SGD and TBH.
Usually, deposits are instant, and withdrawals, when processed by a casino operator, can arrive in minutes.
Yes, it’s possible to schedule payments to and from a PayPal account involving an online casino.