Online casinos are a fun way to gamble in the convenience of your own home, but you might not know the best way to pay for it. While many online casinos accept debit and credit cards, you might not like giving out your card numbers to too many places online. Card numbers can be stolen, and then gambling isn’t nearly as much fun. But paying with Paypal is the perfect solution. Rather than giving out your card number to multiple online gambling venues, you give your information to one reliable source. And it’s not that difficult to use, either. Here are a few reasons that you should use Paypal whenever you gamble online.
Paypal’s Gambling History
Depositing or withdrawing money using Paypal when playing in an online casino wasn’t always possible. Actually, between 2003 and 2015, the company imposed strict restrictions against gambling and those who breached them could even get their account banned.
The main problem was the fact the company was located in the US, which for a long time wasn’t in favor of online gambling. Additionally, there were rising concerns that online casinos and players were engaging in money laundering. However, when other platforms such as Neteller and Skrill started ventured into online gambling, they made a lot of money to the extent that they began to rivaling Paypal regarding growth and profitability.
It is at this point that Paypal decided to abolish their gambling restrictions and started partnering with online gambling platforms. Sooner than later, they regained original status and pulled away from the rest to become one of the most trusted payment methods in online gambling
What is PayPal and How Does It Work?
PayPal is an online money transfer system. Users can receive payments from online sources, transfer money from their PayPal account to their credit card or bank account, transfer money from their bank account to their PayPal account and send or receive money from friends and family. Users can also pay for goods online without having to give out credit or bank information to multiple online stores.
Benefits of Using PayPal Over Similar Services
PayPal is a great service to use because it’s one of the largest of its kind, and it’s accepted at many online retailers, so you don’t have to worry that the online gambling site that you want to play on won’t accept it. It’s also simple to use. The format of the site is tidy and easy to read. The company also has a long-standing track record as a trustworthy company.
How to Set Up a PayPal Account
If you choose to set up a PayPal account, you’ll need to provide the company with some personal information, such as banking information, credit card information, your telephone number, and your email address. This might sound scary if you don’t usually make purchases online, but it’s actually much safer than giving your information out to many sites. Your email address with serve as your username. It is also the channel through which you’ll receive correspondence about your account information. Your telephone number is used to verify your account. You’ll receive a text to confirm that this is you. If you want the ability to send money from your bank account to your PayPal account, you’ll need to give PayPal your bank account information. PayPal also sends two small deposits to your bank account that you need to verify so that they can confirm that the money is deposited into the correct bank account. You can also link your debit card or a credit card.
Benefits of Using PayPal For Online Casino Transactions
Although Paypal can be used as a payment method for a variety of online sites, there are some special advantages to using it for making deposits at your favorite online casino. Try out a free golden nugget promotional code as an added bonus to this article!
Common Benefits of Using PayPal to Pay For Things Online
One of the biggest advantages of paying for things online with PayPal is the increased security. You can even try a new site without the paranoia that you might feel about giving out sensitive credit and bank information. You also get to enjoy the benefit of convenience. When you have to enter your banking information, you have several steps that you have to go through. You have to find the routing number and your full account number if you want to pay directly out of your account. If you choose to use a card, you’ll have to enter the 16-digit number on the front, and then you’ll have to enter the security code on the back. This can take time. With PayPal, all you have to do is choose the vendor that you want to send the money to.
Casinos Pay Bonuses For Using PayPal
Online casinos like when you use PayPal, so it’s common for them to give out bonuses when you use a PayPal account to fill your casino account. With this, you can play the games that you like for longer.
If you’ve ever wanted to keep certain information about your spending habits private, PayPal is a great way to do that. Many credit unions and banks offer loans to their members. But the loan rate that you’re offered will be partially dependent on your spending habits. It can even determine whether or not you can get a loan at all. Your bank or credit union can look at your transaction history and deny or agree to a loan based partially off of your history, so don’t let casino transactions stop you from getting the loan that you want.
Quicker Payments and Processing Times
One of the biggest benefits of using PayPal is that it’s quicker than using your banking information. Online casinos often have to verify that the account belongs to you. On top of that, you might also find that your bank needs to verify information before they will let you have access to your winnings. With PayPal, many times you can even get a payout from the casino instantly into your PayPal account. After that, you can spend your money however you want to. You can even transfer your winnings to your bank instantly for a small fee.
If you love gambling online, PayPal is a great way to do many financial transactions. It’s quick and easy to set up, and it’s free to set up your account.