Back in 1998, there was Confinity, an American software company that partnered with X.com, Elon Musk’s bank. This happened in order for a money transfer service to be created under the name Confinity.
In 2001, Confinity was rebranded as PayPal, which now is one of the most well-known payment operators for worldwide transactions. PayPal accepts 25 currencies and is a good option to send, receive, and hold money as well.
There is no wonder PayPal is a leader in its branch, given its features and simple way of operating. Here we have selected the notable advantages of using this payment method for your online casino-related transactions:
- Quick and Simple. PayPal is very explicit in terms of settings and requirements, so making a transaction will only consist of providing some basic information such as your banking details and email address. Don’t worry, as these will be encrypted for your safety. The operations are instant and your deposit will appear in your casino account right away.
- Multi-Currency Operations. It may have happened to you: you want to make a transaction, but the currency you have is different than the one that is accepted. With PayPal, it is converted in no time, with a small fee that you will see in the receipt.
- Global Availability. No matter the distance, the transaction will happen immediately, as PayPal is available in most countries. This also means that there are many online casinos that accept it!
How to Use PayPal
In order to start making deposits at an online casino from the list above using PayPal just choose it as a payment method, sign up for an account, and enter your banking information once.
The system will store the encrypted information for you, so you won't have to enter it each time. The receipt you receive following a transfer of funds does not contain any sensitive or personal information.
To find out more about the entire process, we invite you to watch the embedded video below:
If you want to make a deposit at an online casino with PayPal on mobile, you have the mobile application at your disposal for this exact purpose.
The operations you pursue are carried out as they would be on a desktop device, without any lags, errors, or additional fees. Plus, transfers remain instant when you go for this method as well, which is definitely a benefit.
Deposit, Withdrawal & Fees
When making a payment, you will be shown the afferent fees instantly which may vary depending on your country and the type of transaction you are pursuing. For more information, just have a look at PayPal’s fees page on its official website. You will be redirected to a more detailed overview of PayPal’s taxes and the criteria they depend on.
If you have decided to make a deposit with PayPal, all you have to do is go to your casino of choice’s cashier section dedicated to deposits. Provided that your account is active and eligible for transactions, you will be able to perform this operation almost instantly.
The first step in withdrawing online casino winnings using PayPal is to request a payout and fill out a form. The requirements may vary depending on the online casino you chose. The process may take up to 24 hours to complete depending on the operator’s policies regarding this type of money transfer.