As the most popular online payment platform in the world, PayPal is used by more than 325 million people to safely send and receive money in more than 200 countries. In addition, it’s one of the most secure ways of paying online – which is one of the main reasons why using PayPal for online casino transactions is the preferred payment method of gamers.
The Benefits of Playing With PayPal
PayPal only authorizes reputable, licensed casinos to make use of its payment facilities. If a casino is in any way dodgy, you can be sure it will not be approved by PayPal. At licensed and regulated casinos, using PayPal allows players to access high limits as well as to make payments and withdrawals instantaneously.
PayPal has four major advantages over other payment methods:
- PayPal employs the highest possible levels of security to keep its users and their money safe.
- Its wallets are easy to use, and the process of setting them up is also very streamlined.
- Payments and withdrawals are processed very quickly.
- Paying for purchases or any other commercial transactions is completely free on PayPal unless a transaction involves different currencies.
Players using other e-wallets (like Skrill, Neteller, etc.) are often not eligible for welcome bonuses, free spins, or other promotional offers – but these exclusions usually don’t apply to PayPal. So that’s another bonus for PayPal players.
PayPal is committed to ensuring that its users have a hassle-free experience when using their platform. Users can get support by:
- Navigating the self-help section of the PayPal website
- Accessing community support from other users, also through the official website
- Calling customer service helpline (7 days per week, but not 24 hours per day)
- Emailing the company (by logging on to the self-help section of the website)
PayPal’s Past Performance: A Brief History
The forerunner of today’s PayPal was called Conformity. For the first few years after its 1998 launch, Conformity functioned mainly as a provider of security programs for mobile devices. However, this wasn’t a great success, and the company soon shifted its attention towards providing e-wallets and other online payment services.
The early 2000s was just the right time to be moving into the e-payments industry because the demand for these services was starting to skyrocket. Over the next few years, PayPal grew from strength to strength, especially in the iGaming industry.
In 2020, PayPal became even more well-suited to use in iGaming when a new regulation on the use of credit cards for iGaming was introduced. Using credit cards for iGaming was becoming trickier, whereas PayPal was quick and easy to use.
Halfway through 2022, PayPal started providing cryptocurrency options for its users, allowing them to send, receive, and transfer crypto using their PayPal accounts. What more could anybody want?
Getting Started With PayPal
To start using PayPal, visit www.paypal.com (or open the mobile app for Android or iOS) and sign up for a free account. Choose whether you want a personal account (which is ideal for online shopping and payments to and from a limited number of people) or a business account (which is better when multiple people at the same company will be using the account).
Each PayPal account is linked to an email address rather than a username. Just be sure to choose a strong password and consider requiring two-factor authentication (2FA) to make your account robustly secure. You’ll also need to provide biographical information like your DOB, contact number, and address. These details have to be accurate, so double-check you’ve entered everything correctly.
The final step is linking your PayPal account with your bank account. Again, review your information carefully to ensure that you’ve entered your account details correctly. If you get stuck at any point in the process, there are many helpful step-by-step guides on the internet you can follow.
Using PayPal for iGaming
When PayPal first came on the scene, not many online casinos supported the digital payment processor. Now, however, it’s unusual to find an online casino that doesn’t accept PayPal for deposits and withdrawals. When using it to play online, users are protected by several layers of advanced encryption technology.
The security of available payment methods at an online casino isn’t always something that influences players that much when they’re choosing the right casino – but it should be! With such large sums of money often involved, online casinos would be honeypots for hackers and fraudsters if they had a weak spot in their online security. But with PayPal, players can enjoy the peace of mind that comes from knowing their sensitive personal and financial data are safe.
Most people use physical cash less and less these days and often pay using credit or debit cards or by Electronic Funds Transfer (EFT). This makes everyone less vulnerable to being mugged and having all their money stolen because most people don’t walk around carrying that much money with them. But with PayPal, even more risk has been removed. To use it, you never have to give your bank details to anyone or use unsecured payment channels that hackers could use to access your account. So, when you are looking for a good platform for online gaming, make sure they support PayPal so you can focus on having fun.