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Paypal

PayPal is considered by many to be the biggest online payment provider in the world. It would be difficult to find a bingo or casino site that does not accept PayPal. It allows you to make deposits and withdrawals safely and securely without giving up personal details. It also gives you plenty of coverage for any fraudulent transactions.

We’ve all heard of PayPal, the digital payment platform which enables users to make online payments for goods and services safely, quickly and efficiently. All you require to start using PayPal is an email address, a bank account and a credit card, all of which are connected to the PayPal account.

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This ubiquitous form of online payments system was founded in 1998. In 2002 Ebay took over the company, which acquired an official European banking license in 2007. As of 2014, PayPal had over 143 million users over a total of 193 countries, operating in a whopping 26 different currencies.

One of the primary features that makes PayPal such an attractive digital payment system is the fact it is free. Not only does it not cost anything to open an account but the end-user, the consumer, does not have to pay any fees when paying for goods and services through PayPal.

So how do PayPal make any money you may ask?

The seller has to pay a small transaction fee when they get paid through PayPal.

Another principle reason for the phenomenal growth and popularity of PayPal is because it is such a safe and secure method of sending and receiving money digitally. This is due to the fact that the transactions are not paid directly from a user’s credit card or bank account. Consequently, information such as bank account and credit card data that hackers try and steal, are not visible to any third parties. PayPal is therefore the perfect solution for online shoppers that might be wary their banking information could be stolen over the internet.

But what are PayPal casinos?

As their name suggests, a PayPal casino is a type of online casino organisation that accepts PayPal as a method of payment.

Online casino players who sign up with a PayPal casino can make deposits and receive any funds safely, securely and efficiently.

When directed to the site’s payment page, users of a PayPal casino will see a PayPal logo, as part of the payment options listed on the site. The player will be required to simply type in the amount of money they would like to transfer into their PayPal account. When they click on the PayPal logo, an additional page will be activated which will require the user to type in their PayPal username and password and log into the account. The funds will then be transferred securely from the online casino into the user’s PayPal account. It is then up to the user if they want to keep the funds in their PayPal account in order to pay for goods and services with their PayPal balance or to transfer the money into their bank account. The funds are typically made available into a bank account within a couple of hours.

The same process is used when making a deposit to a PayPal casino. Users simply have to type in the amount they want to deposit from their PayPal account to the casino.

What are the benefits of using PayPal?

There are a number of benefits of using PayPal to send and receive funds to an online casino. As noted above, PayPal is an extremely safe and secure way of sending and receiving money online