Paypal has been in operation since 1999, and is arguably considered to be the most predominant e-wallet payment method around. The service enables financial transactions between buyers and sellers over the internet through the use of encryption software. At present, PayPal has more than 100 million active users in 190 different markets around the world.
PayPal works like a pre-paid electronic account from which you can make internet payments to vendors such as online casinos. Your PayPal account can be funded via bank transfer or credit card, and it can also be linked to a credit card for future automatic withdrawals towards payments into your online casino account. Alternatively, you can open a separate PayPal account that is linked to a credit card solely dedicated to your gambling activities - this will also help you regulate your spending, as well as keep track of your winnings.
PayPal employs the same security measures as used by large financial institutions. All information is encrypted and kept strictly between you and PayPal, making it safer than giving your details directly to every single merchant you’re buying from. In the event of any threat, rather than cancelling your bank cards and informing your online creditors, you merely have to secure your PayPal account.
PayPal is completely free to use for online payments at multiple vendors. It is only the merchant that has to pay a service fee.
You can create a user account by going to PayPal’s website or through the app store on your mobile. The registration process on both platforms is roughly the same and involves the following steps:
On the casino’s cashier or banking page, look for the PayPal logo under the suggested payment options. Upon clicking on the logo a page will appear that needs to be completed with basic information and the intended deposit amount. As soon as you have confirmed the payment, it will be transferred to the casino’s account instantly. You will also be able to view the transaction in your PayPal account.
Online casinos that accept PayPal will allow you to make withdrawals provided you used the PayPal method to make a deposit, and that it is linked to a valid credit card or banking account. Simply select PayPal as your method for cashing out, and the money will be credited to your account automatically.
Online casinos can only offer PayPal as a deposit or withdrawal method in countries that hold valid gambling licenses. Accepted countries are Germany, UK, Ireland, Spain, Italy, Portugal, Finland, Denmark, Sweden and Austria.
You can learn more about PayPal by visiting their website: www.paypal.com