PayPal is the best known and probably the most popular electronic payment method around. There are many PayPal casino sites that accept this form of payment, and if available as an option, it is surely one of the most secure and convenient.
The PayPal story begins with its development as a money transfer service by the American technology start-up company Confinity in 1999. But it was its merger with an online banking company founded by the future tycoon Elon Musk which really saw things take off. This amazing rise in popularity was cemented by its takeover by eBay in 2002. The online market pioneers promoted their new and convenient payment method, so that PayPal soon became the default payment method for millions of eBay customers. It was so popular that its fledgling rivals were soon driven out of business, leaving PayPal the undisputed and unrivalled kings of online payments. It has since been spun off from its eBay masters and, since its sale in 2015 it is now at last a publicly listed company in its own right. With close to 200 million customers worldwide, it remains by far the biggest in the business.
Today, alternatives are available, so what makes PayPal the go-to name for online casino payments? Well, for a start, it’s quick and easy. Assuming you’ve already set up a PayPal account, all you need is a couple of clicks or taps and your payment is made. And it is comparatively secure, because you do not need to enter any further personal financial details like credit or debit card numbers: your payments are paid via PayPal. Because your credit, debit or bank account is securely linked to PayPal, all you need is your e-mail address and PayPal password to make your payments.
Secondly, it’s free. As the “buyer”, you pay no charges or fees to make your deposit at your preferred mobile or online casino. But be aware that if you link your PayPal account to your credit card, you will be charged interest from your credit card account if you do not settle that payment in full before the end of your statement period.
Thirdly, it is really flexible. When you set up your account, you can configure several different bank accounts, debit, and credit cards to fund your PayPal account. Because of this, you can be certain that your PayPal purchases always go through the first time. You never have to worry about the possibility of declined payments, because your deposits will be deducted via your PayPal account. PayPal will then look to deduct your payments via the account details you have registered with it, in the order of priorities you have previously defined.
Many casino sites accept PayPal as a payment option, making this an attractive and convenient option for casino players. It is particularly practical for mobile users, as smartphones can be set up to make payments quickly and easily. Simply download the PayPal app and everything can be sorted with a few taps from the palm of your hand. And because PayPal will ask you to confirm transactions with a PIN, you can rest assured that your finances are safe should your iPhone be lost or stolen.
Of course, you still have to be aware of the possibilities of identity theft. So be careful to secure your phone if you do use it to make online payments. And never disclose your password to anyone else under any circumstances.