Since its early origins in 1998, PayPal has grown to become one of the most popular online payment services to rival the consumer use of debit and credit cards. A business built by the famous entrepreneur Elon Musk (who now focuses his attention on electric cars and space rockets!), PayPal was acquired by eBay in 2002 who clearly recognised its value as a tool consumers trusted to transact real money safely and securely on the Internet. That confidence was well placed since the PayPal logo has become a ubiquitous sight on the Internet, and is one of the real success stories of e-commerce.
A PayPal account is very easy to set up and creates an e-wallet style service that is incredibly widely used on the Internet to make and receive payments. Getting funds into your account can be done by linking it to a bank account or using a debit / credit card you hold. Thereafter you just use your PayPal account to pay for online goods and services or receive online payments owing to you. Simple.
But why use PayPal when you already have a credit / debit card that your favourite online casino will accept? Well, aside from the excellent security PayPal offers, many users prefer using this service since it means you don’t need to register your credit / debit card details with an online casino you want to play.
If you play the best online casinos, you can be assured that security and integrity are to highest standards – otherwise they simply wouldn’t be able to maintain the gaming licences sensible players demand – however, you may feel more secure by using an intermediary service like PayPal to reduce the number of companies you lodge your banking / card details with.
Aside from the security aspects, PayPal also has the advantage of instant deposit and very rapid withdrawal times into and out of an online casino player’s account. There are also no fees associated with that, although there are fees if you wish to then move money from your PayPal account back into a linked bank account.
Creating your own PayPal account is both free and easy to do, setting you up with an e-wallet style service that is widely accepted on the Internet to both make and receive payments. To fund your PayPal account there are a number of options, including using a debit or credit card or linking it to an active bank account you hold.
So what are the benefits of using PayPal to fund your online casino entertainment, particularly if you would most likely want to fund this e-wallet with a debit or credit card? Well let us count the ways:
- PayPal has established an excellent reputation for the security it offers with online transactions. Moreover using this service reduces the need to register your credit / debit card with each and every online casino you want to play. The best online casinos can undoubtedly be trusted with your card details it must be said, however you might like the extra security of using an intermediary like PayPal to reduce the number of companies you lodge your card details with.
- PayPal offers instant deposit times with online casinos that accept it, and very rapid withdrawal times too that improves on the usual time necessary for chargebacks to debit and credit cards.
- PayPal can be very efficient if you like to play several different online casinos. As and when your credit / debit card details change, you only need to update those details once with PayPal rather than at each and every online casino you run a players’ account with.
One further advantage to be aware of is if you like to run player accounts at a number of online casinos. As and when your credit / debit card details change, you only need to update that information for your PayPal account rather than the chore of doing so at all the online casinos you’ve registered with.
Perhaps the only downside to choosing PayPal as the preferred payment tool for your online slots sessions is that it does make the choice of online casinos you can play more limited. PayPal is very choosy about which online casinos it will do business with, however that in itself can serve as an endorsement that that casino is in the top rank with a long established reputation to protect.
PayPal is a very sound choice for a player that would prefer not to use their credit or debit card directly with an online casino, and if that sounds like you, you can also be assured that its availability as a payment option at an online casino is a good sign that you’ll be in very good hands playing your favourite slots there.
If an online casino accepts PayPal it has met with PayPal’s hard-won approval and so it can be seen as an endorsement of that casino’s credentials as a safe place to play! Online casinos that accept PayPal.
Click ‘Play Games’ for the best PayPal online casino.