Founded in California in 1998, PayPal was a revolutionary online payment system when it was first introduced. This led to the company being subsequently acquired by eBay in 2002. PayPal is a widely used payment system on the internet, being used by players at online casinos and poker sites.
The company now has just under 300 million clients in over 200 countries/regions, supporting 25 currencies. All fees are charged to the merchant when using PayPal so it’s a completely free to use service. You can also use PayPal to receive funds from other accounts.
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Key Information About PayPal
PayPal is an e-Wallet system this is used to make purchases of goods and services via the Internet. With PayPal, funds can be sent to third party at any time, regardless of location. PayPal also allows for cash transfers in over 90 countries and transfer times vary dependent on the country, taking from between 1-3 days on average to complete.
PayPal's Stance on Safety and Privacy
PayPal has strict regulations imposed by the European banking authority, ensuring the highest levels of encryption and account security across the board at all times. PayPal protects all your bank details when making purchases so third parties never see any of your private information during transactions. This goes a long way in combating financial crime and bank account fraud.
How The PayPal Casino Option Works For Online Gambling
An online casino PayPal option is quite a common sight nowadays at most online casinos. Using the online casino PayPal option can also bring benefits including payment protection and the scrutiny of full financial regulation for aiding your general peace of mind.
Some PayPal casinos also offer a special rate for using the online casino PayPal option to make deposits, for example you might even get an extra 10% on your deposit just by using the online casino PayPal option as opposed to another digital wallet. Although it's not as common, you can even use PayPal as a withdrawal method in some online casinos.
The Pros and Cons
As is the case with many payment methods out there, using the online casino PayPal option has advantages and disadvantages that come with it. If you’re thinking of using the online casino PayPal option at your favourite gaming site, take a look at our table below for some quick information.
Want some different options besides PayPal? Have a browse through some other payment methods in the list below and see if they suit your needs: