Boasting well over 100 million customers across the world, PayPal is undoubtedly the most popular e-wallet in existence. E-wallets are known to be one of the safest ways to transfer funds online thanks to the fact that users don’t need to submit their financial information each time they transact, and PayPal offers this security.
PayPal takes the security of its customers so seriously that the firm has put in place stringent policies to that effect. As a result, not many online casinos support this e-wallet as one of their payment methods. As of 2019, only about 20 casino sites support PayPal.
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Boasting well over 100 million customers across the world, PayPal is undoubtedly the most popular e-wallet in existence. E-wallets are known to be one of the safest ways to transfer funds online thanks to the fact that users don’t need to submit their financial information each time they transact, and PayPal offers this security.
PayPal takes the security of its customers so seriously that the firm has put in place stringent policies to that effect. As a result, not many online casinos support this e-wallet as one of their payment methods. As of 2019, only about 20 casino sites support PayPal.
Getting a PayPal account is a straightforward process that takes only a few minutes. It all begins with visiting PayPal’s official website, www.paypal.com, and clicking the ‘Sign Up’ button. At this point, the person will be required to provide some important information that identifies them. PayPal requires all new members to verify their email before they can start using the account.
After the email verification, the person can log in to verify the account by adding a credit card and a bank account. The verification process, which may take up to a few business days, is meant to remove any limits from the account.
To deposit money into a casino account, a player must first ensure that they are playing for real money at a PayPal casino. The procedure is simple – the players need to navigate to the cashier section and select PayPal. This will be followed by the amount before the casino site redirects the player to his or her PayPal account for payment completion. Since PayPal deposits are instant, the funds will reflect in the player’s account immediately.
The player must have enough money in their PayPal account to make a deposit, as well as pay for the transaction fee. If the PayPal balance is insufficient, there is an option to allow the firm to directly bill the player’s credit card, which is linked to the PayPal account.
Withdrawing casino winnings via PayPal is merely a breeze as the player’s email address or username is the only information needed, although there are cases when the player may be required to verify their identity by providing certain documents. The funds can then be withdrawn from PayPal to the player’s bank account or be used for online shopping as the player may decide. PayPal withdrawal fees vary from one country to another.
PayPal is one of the most popular and reliable online payments out there, and very few payments come close. In terms of safety, PayPal handles the user’s financial information with confidentiality of the highest order. The method is also simple to use as the user is not required to submit their personal information every time they are transacting using PayPal; thus, data thieves have no chance.
The benefits of using PayPal cannot be disputed. However, like any other good payment method, the company has its downsides. It may take too long (up to several business days) to link a bank account, add a credit card, or verify a PayPal account.
