Since the mid-1990s, online casinos have been on the rise and gaining popularity all over the world. By the early 2000s, most households across the world were at least aware of the existence of online casinos. Nowadays you will find that online casinos exist in most corners of the world and are able to be played by just about anyone and everyone. Before this industry could become as popular as it is today, players needed an easy way to fund their player accounts and thus play casino games with real money.
Recognizing this need, Paypal made itself available to the online casino industry and the rest is history. Today, Paypal is one of the most widely recognized methods of deposit that exist. In addition, Paypal is an equally popular method of withdrawing funds. In the following few sections we will uncover everything you need to know about how Paypal works at most online casinos.
*At the moment, no US online casinos still accept PayPal, but we can recommend Cafe Casino for some great alternatives.
How You Can Deposit and Withdraw from Online Casinos with Paypal
While you may know that Paypal is, indeed, something that exists and is available at online casinos, you might not be as clear as to how it works and/or how it differs from traditional methods of deposit. Before we get deeper into this, it is important to be reminded that traditional methods of deposit and withdrawal, such as bank transfers and credit card transactions, require you to provide the online casino in question with what can safely be called sensitive, personal information. From credist card numbers to bank accounts and even routing numbers, the siple truth is that you are trusting that online casino with information that, if used incorrectly, could very well ruin your life.
When it comes to deposits and withdrawals with Paypal, none of that personal information needs to be sacrificed. Instead, these e-wallets act as a sort of buffer between your bank account and the online casino. Instead of giving all that sensitive information directly to the casino, you are entrusting it in the hands of the good people at Paypal. Being that Paypal is more widely known and trusted than just about any online casino in existence today, it is easy to understand why people are more apt to utilize Paypal over most other methods of deposit.
When it comes to withdrawing funds, the same holds true. You have to understand that even though most online casinos operate within the realm of the law and will only every use your information as you direct them to, there are other characters on the web who are constantly searching for your personal information so that they can use it in some illegal endeavor. Paypal protects you by never forcing you to go handing off important, key pieces of information to people who are not and should not necessarily be so quickly trusted.
Fast and Easy
The biggest draw to Paypal as a deposit method is the fact that it is so easy to use. Unlike credit card deposits that make you give up all sorts of crucial personal and financial information, Paypal deposits do not force you to divulge any sort of personal information. In addition to this, Paypal deposits are able to be executed in a timely manner such that only seconds pass between when you make a deposit and when you can begin playing with the money you just deposited.
Paypal has been around for a long time. Even people who have never dealt with eBay in their life will have likely heard of Paypal, and for good reason too. Paypal is just one of many e-wallets, but unlike all of the others, Paypal has a reputation that is both long and flawless. You can count on Paypal to resolve any and all issues that you encounter, and will handle them in a timely manner.
When it comes to dealing with personal and financial information online, trustworthiness is something that must be taken very seriously. If you are dealing with unscrupulous characters you might as well kiss your money goodbye, because you are taking a big risk. When it comes to Paypal, there are few companies that can be more trusted.
Utilization of the Best Security
Part of what makes Paypal so trustworthy is the fact that they use top-notch internet security. Just like the way banks protect your financial information, Paypal utilizes the same technology. Something that is different than traditoional methods of deposit, however, is the fact that you do not need to give up any of your close personal information in order to make a deposit. Unlike credit card deposits that force you to divulge your card number and all other relevant information, paypal works through a username and password wsystem.
This means that even if your Paypal username and password are compromised, your personal information is still going to be protected. In addition to this, Paypal has a great customer service department that is available 24 hours a day 7 days a week to take care of any issue that you may have encountered. A quick internet search will show you that Paypal has a reputation for being great at customer service, and this is something that is not likely to change at any point in the near future.
Isn’t Paypal only for eBay?
While it is true that eBay and Paypal are more or less intertwined, it is also true that Paypal deals with much more than online auctions at eBay. Through a minimal amount of research you will see that Paypal has expanded to become a massive financial player with a foot in many industries, including the online casino industry.
Does every online casino accept Paypal deposits?
Unfortunately, not every online casino is accepting of Paypal deposits. By doing a bit of research you will be able to determine which sites are accepting of the e-wallet and which ones are not. With that being said, there are more and more sites accepting Paypal deposits now than ever before.
Are there fees associated with Paypal deposits?
Yes, in most cases you will find that an online casino is going to charge you a fee for having deposited via Paypal. The fees will vary from site to site, but it is a constant that they do, in fact, exist. On occasion a site will be running a promotion where fees are waived, but this is not something that should be relied upon.
How long do Paypal deposits take to process?
In almost every scenario you will find that Paypal deposits happen instantly such that you can begin playing with money you deposited as soon as you deposit it. There may be a few exceptions to this, but more often than not your funds will show up instantaneously.
How do Paypal fees compare to fees levied against other e-wallet transactions?
It is difficult to answer this question because the fees charged for deposits and withdrawals varies from online casino to online casino. In general, we would have to say that fees charged for Paypal deposit and withdrawals and those facilitated via other e-wallets are quite similar. With that being said, online casinos do well to post their transaction fees online, so a bit of research will tell you just how much is charged for deposits and withdrawals.
But is Paypal safe?
When it comes to any sort of transaction with an online casino, the fact of the matter is that people are always going to be concerned about whether or not the method of transaction is safe and secure. When it comes to Paypal, you can leave your worries at the door because Paypal is arguably the most popular, well-known, and highly trusted name in the industry. If you want to find out more, search the web for the thousands of customer testimonials who have had positive experiences with Paypal deposits.
Is Paypal accepted at more online casinos than any other method of deposit or withdrawal?
In general, Paypal is a more widely known e-wallet than just about every other one in existence today. With that being said, it does not necessarily follow that Paypal is accepted at more online casinos than other methods of deposit. Paypal is known around the world, but that is mostly because of its eBay connections. With this being said, Paypal is available for deposits and withdrawals at most online casinos.