The lowdown on PayPal and using it at online casinos
Ever since its earliest appearance in the mid-1990s, year upon year, the online casino industry experienced explosive growth. Along with its remarkable increase in popularity worldwide came the urgent need for players, online casinos, and the financial services sector to find a suitable and better methods of funding online casino accounts. In the beginning, players had to make do with slow payment systems that were designed to fulfil the needs of a pre-connected world.
Trusted financial services are nowadays having to meet the needs and demands of the fast-growing “interconnected” world. Many were partially successful after a quick re-design of existing infrastructures like credit cards, EFTs, and bank transfers. However, fraud, money laundering, and a host outdated security measures presented a major stumbling block. Clients and businesses knew they needed a better solution.
Businesses and customers needed 100% secure online transactions, privacy, speed, instantaneous and uncomplicated processes, and the convenience to make payments and receive money.
Then came PayPal casinos, who were quick on the ball to introduce online casino payment methods that met all of these requirements and more. PayPal’s innovative approach and new solutions presented several world-firsts to the finance and online casino industry. One of the firsts was its ability to allow users to make payments online via a mobile app.
The second was that PayPal’s app offered levels of security that significantly surpassed anything else because it did not share user information with third parties – other than the user’s email address.
Transaction speed was another important factor counting in PayPal’s favour, while instant access via a user-friendly interface were also strong indicators that instant transfers were revolutionary in the payment world.
World-wide acceptance was the only hurdle left for PayPal to overcome, and by now we are all aware of how hugely successful that exercise turned-out. Once the universal benefits of the concept took hold, globally across all industries, businesses struggled to adopt and implement the service fast enough.
But the best online casinos were fast to adapt.
Why it’s so difficult to find a PayPal Casino
Read on if you are one of the many still left asking, why do I have such a tough time finding online casinos that accept deposits or offer withdrawals via PayPal.
It is probably because you are looking in all the wrong places. Prior to its inception, PayPal made the decision to be a legally moral and responsible entity. As such, the brand only makes their services available in regulated markets to trustworthy online casinos that are verifiable and in possession of valid operating licences.
This assures PayPal users that the casino in question is trustworthy and fair. These type of online casinos are regularly subjected to audits by specialised, industry approved independent auditors for certification to verify that they are fully compliant with all protective legal requirements imposed by local and international industry regulators.
However, when deciding to join a new online casino, it is unwise to reject a potential venue simply due the fact that PayPal’s services are absent. Unless PayPal is your preferred payment method, this is not a hard and fast rule to live by. Remember, always play responsibly!
What makes PayPal casinos so special
Why are PayPal casinos special and how do they differ from others? PayPal completely transformed the way individuals and businesses looked at and used digital payment services.
The key factor that made PayPal so unique, is that it was the first digital payment system in history designed purely to meet and address the specific needs and requirements of a newly connected society.
PayPal’s high levels of privacy and security allow users the convenience to quickly make or receive instant payments online with much greater peace of mind. Whether they use it for everyday online shopping, to pay the bills, purchase vehicles, property, investments, or any of a vast multitude of other purposes, users know transferring money or making payments via PayPal means their money is as safe as can be.
Plus, with PayPal a user can never be forced to reveal any of their personal or financial details. Moreover, PayPal’s superior security measures allow users to make fast payments whenever the need arises, from wherever they may find themselves, using any PC or smart mobile device with a stable internet connection.
Another key feature that makes PayPal the perfect companion for online players is its ability to make payments and receive money quickly – transactions are generally subject to instant processing times. The instant reward nature of internet connectivity makes PayPal’s capacity to perform instant payments particularly convenient, especially for players quickly wanting to deposit or withdraw funds from their online casino wallets during late-night gaming sessions.
Fast payouts at casinos with PayPal
The advent of PayPal’s instant payment services together with the highly competitive nature of the online entertainment market quickly gave rise to the establishment of fast payout casinos. They follow the core PayPal premise – instant processing, allowing players to receive their winnings immediately within minutes, or at most within 24 hours. Fast payout casinos have become extremely popular with players who value convenience, security, and customer service – in other words just about everyone!
The key benefits of playing at fast payout casinos are:
- You can enjoy your winnings sooner to use for other purposes.
- You avoid long processing times, plus those frustrating delays that often occur at other venues.
- By minimizing the exposure of your personal and financial information significantly reduces your risk of becoming victim to fraud or identity theft.
- It demonstrates the casino’s commitment to customer satisfaction, a strong indicator that the casino is trustworthy, reliable, and reputable.
PayPal is the most trusted payment method
PayPal has become the world’s most trusted payment method for numerous reasons. It was the first to successfully address key weaknesses of other payment systems, the main areas being convenience, security, safety, reliability, and speed. It was the first online commercial payment service to offer increased levels of security combined with encryption to effectively protect the users’ personal and financial information. In addition, PayPal monitors every transaction 24/7 from start until completion to prevent fraud, identity theft, and phishing.
PayPal remains one of the easiest and most convenient payment methods to use. Its user-friendly interface allows users to link their bank accounts, credit cards, or debit cards to their PayPal account, making secure instant payments possible with just a few clicks. Users can send and receive money across borders, and currencies with transactions are subject to comparatively low fees.
PayPal services are widely accepted by many online merchants, especially convenient at the best online casinos. In contrast to many of the current crop of Casino payment methods, online casinos that accept PayPal not only offer a fast and secure way for players to deposit, but also to withdraw funds. PayPal also provides deeper levels of buyer protection and dispute resolution services, essentially as an added layer of safety for online purchases. Buyer protection and dispute resolution services offer players another avenue of recourse in case of issues with an online casino.
PayPal charges low to no fees on deposit and withdrawals
PayPal remains one of the most cost-effective and convenient of today’s popular instant payment methods at top online casinos. Aside from the numerous other benefits, one of the main reasons why so many players prefer PayPal over alternatives is that the company charges little to no transaction fees.
Other payment options like credit cards come with hefty fees and lower levels of customer protection. In contrast, PayPal only charges a small percentage of the amount transferred, and depending on the amount and regional laws, they may at times charge nothing at all. This means players save money and enjoy more of their winnings, with no need to worry about additional costs eating into their available entertainment budget.
Find more PayPal casinos with our reviews
As an answer to the often-asked question, why is it so difficult to find a suitable PayPal casino that caters to my playstyle and tastes? We offer you our extensive database, it contains hundreds of casino reviews ensuring you can find a casino online that meets your needs. For your peace of mind, each casino is pre-vetted by our industry experts as part of their assessment to find the best new and existing entertainment venues for you.
In conclusion, PayPal is an excellent payment method for players to use at online casinos because it comes with little to no fees, is fast, secure, and widely accepted. Players who use PayPal enjoy greater convenience, more savings, improved safety, and receive more rewards when they play online.
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