Paypal

Founded in 1998, PayPal is an e-commerce business that allows customers to send and receive payments online. In 2002, PayPal became a wholly owned subsidiary of eBay, although it is still used as a payment method around the world. In 2007, PayPal went from being regulated by the Financial Services Authority (FSA) in the UK to being regulated by the Luxemburg Bank Authority (which is itself regulated by the FSA). Paypal has received rave reviews by millions of people around the world who have used it to pay for their goods, services and entertainment for many years. The good news is that Paypal can now be used for paying for online gambling entertainment, with a number of casinos already accepting this method as a viable alternative to other methods.

How to Use PayPal

PayPal prides itself in being one of the most convenient payment methods ever created, using extremely simple steps that are outlined clearly on its site. Before you can use PayPal, you must sign up using the free and straightforward process. You will then be able to visit the cashier section of the online betting site you are playing at and click on PayPal as your payment method of choice. You will be transferred to a PayPal payment interface where you will need to fill in your PayPal details and the amount you want to transfer. The funds will be processed immediately, allowing you to begin playing in no time.

There are very few countries in the world where PayPal is not offered as a viable form of payment. In fact, this method of banking is available in no less than 190 countries around the globe. Add to this the point that you can pay in 23 different currencies – from the most popular to several lesser known. PayPal supports multiple languages making it accessible to players around the world. With all of this combined, you can see why Paypal is considered a truly global method of payment.

Advantages of PayPal

PayPal, without a doubt, remains one of the safest methods of payment when shopping or playing online. PayPal has created a system that was designed all the way up to bring players a sense of security when making payment, removing the need to enter credit card numbers or risking internet fraud. They guarantee to keep your information safe and secure and not pass it on to the site where you are transferring money.

In some countries, customers will be able to make use of a security key to further protect them against fraud. When you sign up for PayPal, you will be required to verify your address and bank account via a call-back system.

Players can rest assured that PayPal was designed with ‘speed’ in mind. Creating one password and one account number for all your favorite gambling sites and online stores saves precious time, while you will also be saving minutes by not having to type in your credit card number each time you want to fund your online casino account.

Players are able to use PayPal as a deposit and a withdrawal method due to the ability to send and receive money through PayPal. This one stop payment solution, makes online payments more simple than ever.