There are several reasons why PayPal is the most popular online payment option, but two stand out above the rest: its most important functions are completely free, and you may send & receive money from anywhere in the world. Additionally, PayPal offers quite low fees for all the services it offers. You can easily divide your personal and professional budgets by having both a Personal and a Business account. Additionally, consumers of Amazon, eBay, and other e-commerce companies who cannot use Google Checkout can make all their payments with PayPal. Last but not least, there are a ton of casino sites that accept PayPal as a payment method for deposits and withdrawals.
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PayPal dates back to nearly two decades ago in the year 1998 when Max Levchin and Peter Thiel founded the company in Silicon Valley using the name Confinity, and free from any governmental operations. Upon the funding of venture capital alongside partnerships with eBay transactions, the company changed its name to PayPal and promptly gathered 1 million users after approximately 15 months.
How to deposit real money using PayPal at Online Casinos
When you use PayPal, you can avail of the bank account, your PayPal balance, Visa, MasterCard, Discover, or American Express card as the preferred mode of payment for making casino payments, or payments for online purchases. You have the option to change the preferred format of payment by logging into the PayPal account. Follow these instructions to select your preferred online payment mode:
First, click on the wallet.
Second, navigate to the list of payment methods, then click on the preferred payment options (balance, bank, or card).
The third step is to change it to make preferred payment when paying online.
Before selecting it as a preferred way to pay, make sure to link it to a card or link back to your account first.
Seven easy steps to make your deposit at online casino using PayPal
The Ground Rules
To get started with this incredible payment service, you require handing over the regular sign-up information running the gamut from your full names, email address, alongside your credit/debit card details or a bank account number (for users located in the US).
When it comes to fraud, PayPal’s safeguards have encountered an astronomically high improvement over the last few years. As such, funds in your registered account have insurance with FDIC, which means that you have the right to file disputes against credit or debit card fees, commonly called Charge-backs, upon the failure to receive ordered goods. It also offers buyer-complaint forms for any arising disputes with merchants. Provided that you inform the firm of any unauthorized access and use of your account, PayPal is more than happy to conduct thorough investigations of unauthorized withdrawals amounting to more than $50 from your account, after which it will issue reimbursements.
The Advantages and Disadvantages of Paypal Casino
A copiousness of clients to easily pay you, which also includes by Check.
In case of any suspected fraudulent activities, the company may freeze your account without consulting you.
The swift transfer of funds to and from your bank account.
It may take up to 6 months to recover your money after rigorous investigations.
The receipt of payments from international clientele.
Once the company makes a final decision about customer disputes, it is impossible to appeal the decision.
It is a free service for your clients to use.
The transaction costs may be quite substantial for those with a large monthly volume of profits.
There are no monthly, membership or cancellation charges to incur, hence making it affordable.
The service may ban a coterie of email addresses associated with specific URLs, thereby causing the processing of payments to be a challenge.
It is quite secure, with no instances of checks bouncing on you.
Clients may keep the particular product free of charge irrespective of whether they receive a reimbursement from PayPal investigations.
The Best PayPal Online Casinos
There is a cornucopia of web-based gaming platforms that allow players to deposit by PayPal and cash out their rewards, due to the safety and reliability that it exudes. With that said, a coterie of the biggest names in the industry which accept this mode of payment and are also Mobile Casinos, include Betfair, William Hill, Paddy Power, Eurogrand, 888, Ladbrokes, and so much more.
Superb Bonuses and Slots
As you know, one of the main reasons to play at a PayPal casino such as the ones mentioned above is that the transactions for both your deposits as well as your withdrawals occur in the blink of an eye. Hence, there is no waiting for days as is the case with other bankroll methods.
As such, you can play PayPal slots such as video poker, roulette, craps, blackjack, baccarat, and a myriad of slot machines. Furthermore, some of the bonuses you can expect with a PayPal deposit at an online casino are a 100% rate of up to $500 at Mansion casino, and a £100 alongside 15 Free Spins at Slots Magic, among others.