Using PayPal at Online Casinos
Paypal was originally designed to facilitate payments on eBay, and it was eBay’s massive success that gave them a head start to become the web’s most popular payment system. Since 2014 PayPal has been a separate company and remains one of the most popular methods of non-bank online payments.
PayPal is a type of e-wallet and is a very popular online casino payment method with UK players and though it’s availability isn’t as broadly accepted in all corners of the global online casino market PayPal do boast over 100 Million users worldwide. UK gamers love PayPal because it allows them to deposit and withdraw funds hassle free and with satisfying speed. With PayPal there’s no need to enter bank card information or or mess around with bank transfers.
Deposits and Withdrawals using PayPal
The first step of course is to sign up for a PayPal account. Head on over to their website and follow the relatively quick sign up process. You’ll be required to verify your identity and email address and then your account will be created. The next step is to link your bank account to your PayPal account so you can transfer and remove funds back and fourth.
To deposit at a participating PayPal friendly online casino you must create a casino account and from there you’ll be able to select PayPal as an option on their banking page and choose to deposit your chosen amount. The next step will be to confirm the transaction by confirming it in your PayPal account and the funds will be available straight away.
Withdrawing money via PayPal is an equally hassle free process. Simply provide the casino with your PayPal username, some casinos may have an additional verification procedure. Once your winnings are safely in your eWallet it’s your call as to wether the funds reside in your PayPal account to allow you to access other online casinos, goods or services or whether to transfer them back to your bank account.
Pros and Cons of PayPal
PayPal is a highly reputable online payment provider and customers can use them with peace of mind that their personal information and sensitive data is protected and respected. As is the case with other eWallets, the casino you choose to frequent online doesn’t come into contact with your banking information whatsoever when you choose PayPal and you, the customer, remain anonymous. PayPal is simple to use and there are no fees attached to using PayPal.