As one of the oldest and most successful electronic wallets, PayPal is considered to be the best and reliable payment option in the world, with a ubiquitous presence from online gaming to shopping.
PayPal gambling platforms offer unmatched security, generous promotions and almost instant transactions, making them a perfect choice for serious punters.
Since its establishment in 1998, PayPal expanded rapidly, and in 2002, it became a subsidiary of eBay until 2015, when the two split once again into two separate companies. PayPal’s headquarters are in San Jose, California, and it currently employs over 20,000 workers across the globe.
With the ever-increasing number of PayPal betting sites, all players need to understand everything, including the benefits, drawbacks, and how to sign up and make casino deposits, among other things.
If you are looking to learn more about this payment method this detailed guide has got you covered. Read on for more details.
What Makes Gambling Through PayPal the Best Choice?
Using PayPal to gamble online offers plenty of advantages. And below are the top benefits:
Availability
Currently, there are hundreds of betting platforms that use PayPal. The increased number of sites provides players with lots of options when it comes to choosing the best casinos. Additionally, PayPal provides bettors with a great alternative to traditional payment methods.
New Player Bonuses Available
Many PayPal sites offer different types of welcome bonuses. As a player, you can claim a matched bonus, free spins and other offers when you use PayPal to make deposits. Compared to other electronic wallets such as Neteller and Skrill, the constraints regarding PayPal bonuses and promotions are looser. Therefore, new customers can claim first deposit offers at their favorite online casinos.
Instant Payments
When you want to spin the reels of some slot machines or play your favorite live dealer games, there is no need to wait several minutes, a few hours or even days to place your wagers. One of the benefits of joining PayPal casinos is that you will enjoy instant deposits as well as withdrawals on both desktop and mobile devices. You only need to log into your PayPal account and then confirm your payment. The money should be in your casino account within seconds.
Trust and Security
PayPal is not only a trusted banking institution but also a public company worth millions of dollars. It has better things to handle than run scams on users. PayPal is only committed to protecting its brand and company.
For this reason, the company is very careful with who it accepts. Every customer who accepts to use PayPal services needs to meet all the terms and conditions available. What this means for users is that the gaming platforms that accept to use this banking method have been vetted to some level. If they are excellent enough for PayPal, then chances are they are good for punters.
Simplicity in Transactions
With PayPal casinos, the deposits and withdrawals require only a few clicks. Players do not need to leave the casino site or enter their bank details to transfer their funds. Additionally, the sign-up process is very simple and straightforward.
Multiple Languages and 25 Currencies
With a variety of languages ( Spanish, Germany, English, French, Italian and others) and currencies (AUD, CAD, EUR, GBP, USD, RUB, SEK, DKK, NOK and more), gamblers enjoy localized payment services across the world.
High Limits and Minimal Fees
PayPal has a higher limit, ranging between four and five digits. This should be a perfect range for most individuals who want to place wagers online. Aside from high limits, PayPal is one of the cheapest alternatives available to gamblers. Many gambling platforms do not charge fees on PayPal transactions. Also, if you transfer money to friends or family, you will not pay any fee.
What Makes Gambling Websites with PayPal a Poor Choice?
With PayPal, you can go the easy route and say that there are no drawbacks. However, that is a cop-out. There are some reasons why punters mightn’t be happy using PayPal at online gaming sites. Here are the main ones:
- Limited availability in gambling websites.
- High withdrawal fees, which fluctuate between 2 and 4%.
- All betting activities are tracked and documented.
- No VIP rewards at most gaming sites. And this is because of the high turnover of players.
- Some services such as prepaid MasterCard are only available to players from the US.
- Customer support tends to be slow and complicated. The lack of live chat and long queues on phones don’t make a great user experience.
- PayPal is popular for freezing accounts for what it deems to be suspicious activities. If for any reason they suspect something wrong with an account, they will freeze it as well as the funds available in it. This can prove to be a massive pain to handle and can lock your money for weeks or even months, which can be worse to deal with, especially if you want to use the funds.
How to Sign-up and Make Casino Deposits
Getting started with PayPal is very easy and straightforward. You only need to create a PayPal account, which takes a few minutes and then load it with money. After that, choose the best PayPal gambling site and complete the sign-up process.
Before you can join any site, be sure to check if it offers a welcome bonus if you deposit through PayPal. Also, the bonus terms and conditions should be player-friendly. To load your casino account, just follow these simple steps:
- Visit the cashier page of your casino.
- Select PayPal as your deposit option.
- Enter the amount of cash that you want to deposit.
- Click the submit button.
Your casino will transfer you to PayPal, where you will need to log in and confirm your transaction. After confirming, the funds will be in your account immediately.
Final Thoughts
PayPal is a perfect payment option for a wide range of gamblers, including both low and high rollers. Additionally, this payment method comes with lots of casino bonuses and promotions. If you love gambling, then one of the PayPal sites, according to AussiecasinoHEX.com should be a perfect destination for you. All the recommended sites have everything that punters need.
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