Paypal is now one of the most widely used and appreciated payment solutions by users. It is one of the first alternative methods to have effectively replaced the traditional methods, namely credit cards and bank transfers. And this revolution has brought its share of changes, especially in the world of online casinos.
Indeed, more and more online casinos are including this option in their payment methods.
About the advantages of PayPal online slots: The virtual payment service PayPal is also called e-wallet in professional circles. The “electronic wallet” is used to send and receive money quickly and easily from all over the world. But there are a few more reasons why PayPal is often used for payment transactions in online casinos.
PAYPAL ADVANTAGES: FAST, SECURE, CHEAP
Once registered with PayPal, the user can send money to and receive money from many countries around the world. All that is needed is an e-mail and password. The data stored in the system only serve to identify the person. However, they are not transmitted to the online casino. Many users find this form of anonymity vis-à-vis a company abroad very pleasant. With the classic bank transfer or payment by credit card, the customer has to reveal more about himself.
However, PayPal additionally protects its users with the highest possible encryption. In general, great importance is attached to data protection and account security. If you have money here, you can park it as securely as in your current account, and the whole service costs almost nothing!
Use the advantages of Paypal at a low cost: The fee structure of PayPal is very simple. When sending money to the online casino and who wants to debit money from PayPal to his current account, he doesn’t pay a cent for it. Only when receiving money are fees incurred. However, this is also not always the case and depends on the account types of the trading parties. So if someone makes a deposit in a casino, he does not have to pay X amount for the transfer to PayPal. If, on the other hand, he has won while gambling, he will hardly have any problems giving PayPal a small part of it because he knows the advantages of PayPal.
ADVANTAGE: PAYPAL BUYER PROTECTION
PayPal selects its partners very carefully and sets high standards for security. Only particularly trustworthy online casinos are allowed to work with the e-wallet. This high degree of reliability is another aspect for many casino visitors to entrust their money to a platform. Nevertheless, PayPal cannot guarantee that all cooperating sites are actually always solvent or work correctly.
But then there is the PayPal buyer protection! The user can open a dispute up to 180 days after the payment has been made, which PayPal will then try to resolve in his or her favor. For this purpose, a reason is given as to why one would like to have one’s money back. Perhaps the online casino did not adhere to its specifications regarding the payout period or there were technical problems that could not be solved. PayPal stands up for its users, you won’t find this kind of buyer protection with other e-wallets, or only to a limited extent.
HOW TO REGISTER ON PAYPAL?
A totally free registration is mandatory, in order to create an account to finally be able to make easy and fast transactions, only via the web. Your account will be funded from your bank account or credit card.
There is nothing simpler than registration on PayPal it is enough to reach the interface of its Web site “https://www.paypal.com”. Then click on the icon “open an account for free”, you just have to follow the steps indicated.
You will first be asked to choose your account type, which can be a personal or professional account. The site will then direct you to a form on which you must fill in all your personal details, including:
- The language you wish to use;
- Your country of residence;
- Your first and last name;
- Your e-mail address;
- Your password and confirmation of the latter.
After creating your account, you will be automatically directed to the “wallet” section, where you must enter your payment information.
A confirmation of your bank account is necessary to finalize your registration, this step will be done through the payment of less than 1 dollar that Paypal will make on your account. This step can take up to 48 hours. Once received, you must go to the site, log into your account and enter the exact amount paid.
The next step is to confirm your credit card by going to the “wallet” section, and clicking on “confirm your card”. A transaction of $1.50 will be made from your credit card. This will be coded on your bank statement by four digits that you should copy on the site.
It is important to note that this transaction can take up to three days to appear on your bank statement.
HOW TO MAKE A TRANSACTION AT A CASINO VIA PAYPAL?
There are many online casino sites that accept payments via Paypal, which allow you to use this method for your various transactions, whether it is a deposit or withdrawal.
PAYPAL FOR DEPOSITS
If you want to play in an online casino for real money, you will need to deposit a sum of money on the site in order to be able to enjoy the different games.
There are different online betting sites these days, which offer different payment methods. So if you prefer to use Paypal to make your transactions, you should choose a casino that accepts payments through this intermediary.
After registering with the casino, you will need to log into your account and then access the payment method area. From this page, select the “Paypal” mode, then enter the email address and password linked to your account and the amount to be deposited. The money will then be transferred to your online casino account in a flash without having to provide any account or credit card information.
PAYPAL FOR WITHDRAWALS
It is also possible to choose to cash out your winnings via PayPal from your online casino, as long as it accepts this payment solution. Your winnings will be credited to your Paypal account less a transaction fee set by the casino. What we like about Paypal is its speed.
Paypal transactions are the best in terms of security, as you are not required to disclose any of your bank account or credit card details to the casino. This way you can avoid any risk of payment data theft.
The company was born out of a merger of Confinity and X.com in 2000. Together they focused on paying and receiving money from and to all over the world. At some point, the online auction house eBay became aware of the service and acquired the company in October 2002 for 1.5 billion US dollars. Today, PayPal has several million customers worldwide who can transact business in more than 25 currencies. Fast, secure, and convenient from home.
FREQUENTLY ASKED QUESTIONS
How does PayPal work?
PayPal acts as a relay between merchant sites and your bank account. You can transfer money to your PayPal account to make online purchases, but it is not required. The beauty of PayPal is that when you want to buy something on the internet, all you have to do is enter the email address connected to your PayPal account. This saves you from having to give your credit card number to merchants. Finally, PayPal also allows you to receive money. You can use PayPal from a PC, Mac, or mobile device.
Are PayPal Payments Reliable?
PayPal payments are used all over the world and the company is known to be very reliable. Not only do punters use PayPal worldwide, but also merchants, employers, and casinos trust PayPal. The e-wallet uses the same advanced technology in security encryption software as banks and other financial institutions.
How Fast Are Online Payments?
Deposits are incredibly fast with PayPal. Withdrawals can be slower, depending on the timeframe imposed by online casinos and banks. Generally, it takes a few days for your winnings to reach your bank account.
How to register a PayPal account?
To create your own account, go to PayPal.com and register with a valid email address. Set up your secure account, link it to your bank account or credit card, and start using it. It’s that quick and easy.
Do I need a credit card to use PayPal?
No, but if you do not wish to link a credit card, you will need to link your PayPal account to a valid bank account.
What are the fees?
There are no fees when you make a deposit at a casino or when you make a purchase. Fees are only charged when you receive money from someone. You don’t have to worry about withdrawing your winnings, as many casinos will cover the cost of transferring the money to your account.