PayPal is currently the largest electronic debit system. This American service was born in 1998 and was used to pay for any purchases on the eBay site, and in 2002 became part of this company. PayPal online casinos are one of the first online gambling services which have an online wallet. In addition, the company has gained trust since its inception — in 1998 there were no online payment services at all, so PayPal became a worldwide giant. PayPal was planned as a service for secure mobile transactions, but it was quickly migrated into the cash withdrawing through the internet. Moreover, PayPal casino is really popular nowadays.
The online store called eBay quickly realized the full potential of the novice payment system and bought out the company in 2002. The coverage of the electronic service is amazing. PayPal supports payments with 26 types of currencies in more than 200 countries of the world. At the same time all the information about the purchaser and the person who transfer money is strictly confidential.
What is PayPal actually means: Registration in PayPal system
One of the most important questions is how to register in PayPal payment service. Well, firstly toy need to create your own personal account using email and password. Secondly, you need to enter your credit card details. Most often PayPal works with card Visa and Master card. If you have a credit card of another type, you need to check on the official website is it allowed or not for you to use this payment system. Then, to check the card data and client’s solvency, 1 dollar will be withdrawn, but don’t worry, this amount will return to after finishing the registration. Well, after that in the information about the transaction indicated in the statement or incoming SMS you will find a four symbolic code. You need to enter it into “My Account” and the registration will be complete.
Pros and cons of using PayPal in online casinos
So, now let’s talk about the pros and cons of paying with PayPal in online casinos. The main advantage of this payment service is that the transactions are very fast. And don’t forget about convenient applications for iPhone and Android. The commission for a deposit in the casino is lower than, for example, in Web Money and of course, the high security with the multi-stage anti-burglary system. The service is translated for a high amount of languages. Data entering are filled in English.
Despite all the advantages, there are some minuses of using PayPal in online casinos. American residents of the United States the system doesn’t accept payments related to the online gambling companies. The PayPal support is one of the worst comparative with others. There is no direct telephone line and business customers are always in priority. And don’t forget about, blocking your account without any notification if service will find something wrong in it. Although PayPal system provides the function of an anonymous account. In such accounts, money remains in the virtual space, so it’s impossible to withdraw them to your card. You must link your bank account to withdraw funds.
Well, after analyzing all the pros and cons we can mention that over 10 million people use PayPal payment system today. It means that lots of people all around the world acknowledge its quality, reliability, and security. For all its years of existence, there has been no scandal or hacking of the system. Personal data and information are in the highest priority for the company.
Let’s sum up, PayPal casino is one of the most fascinating and reliable choices for passionate gamblers. Almost every online establishment accepts this payment system. Both transferring and withdrawing funds from the account. Using PayPal user data are definitely insecure, even if you attach your credit card to your PayPal wallet. In general, This system is one of the most attractive for players for its high speed of deposit and a low percentage of commission.