Will PayPal Continue to Dominate Online Gambling Payment Processing in the Coming Years?

There’s no doubt about it, PayPal is probably one of the most widely used payment services for online gambling, but why is that? The list of positives far outweighs the negatives and for this reason and this reason alone, the outlook for PayPal is that it will continue to dominate payment processing when it comes to online gambling.

Why is the Online Payment Service So Popular? 

PayPal launched back in 1998 when its worldwide online payment system went live in California, USA. Supporting online money transfers, the program allowed both consumers and companies to accept and process transactions without giving away their personal information. Users would only need to provide their details to PayPal and not every company they were transacting with, which gave an element of being private. From buying your weekly groceries to playing your favorite live casino games, PayPal offers a service which is free at the point of use.

Are There Any Fees to Use the Service?

Sending money to friends and relatives is free and receiving is also free, but you could be hit with a fee from certain gambling operators. The value of the fee will be stated clearly within the cashier, meaning there are no hidden surprises. Some of the best PayPal gambling sites listed on bestcasinosites.net offer no fees at all, meaning the amount you deposit is the amount you play with!

How Do I Create an Account?

When the website first launched, verification of an account could take up to a week, but thanks to the latest advancements in technology, verifying an account can now be done in minutes. Your personal details are needed to open an account and to complete the process your bank account or card details will be required. Once submitted, you will need to verify your source of funds by linking your PayPal to your bank account or card.

If you have access to online banking, this makes the verification process quicker. PayPal will proceed to deposit a small amount into your bank account and in order to link your accounts, you will need to confirm the transaction code of that deposit. Once done, you are free to deposit and withdraw via PayPal.

Is PayPal Safe?

PayPal has one of the most rigorous safety protocols of any payment service and guarantees that consumer safety is their number one priority. Encryption services, firewalls and sophisticated technologies ensure that all details entered on the website are protected. Protection comes in the form of 24/7 monitoring, fraud prevention, dispute resolution and secure technology to safeguard your transactions.

Just How Quick is It? 

Quicker than all major credit and debit cards that’s for sure! On average, from the point of requesting a withdrawal to actually receiving, it takes between 5 and 7 business days to complete for credit and debit cards. Compare that to PayPal with an average processing time of just 24-hours and you can understand why so many online casino players prefer to use PayPal over anything else. Withdrawals have been known to be completed within just hours for many online casinos. If you want to know how quick your casino offers these payments, you can head to the help pages or jump on live chat to ask a customer support agent.

How Do You Link Your PayPal to a Casino? 

There are no downloads and nothing technical is required to link your PayPal account to your chosen casino; all you need to do is log in to the casino, make your way to the cashier and choose PayPal as your preferred deposit method. Once you have decided on an amount to play with, click to proceed with the transaction and you will be navigated away from the casino to the PayPal website. Log in to your PayPal wallet with your existing username (usually your email address) and password and you can then authorise the transaction. Once complete, PayPal will send you back to the casino where your funds will be readily available to play.

Are There Any Cons to PayPal?

We’ve heard of all the pros with PayPal, but what of the cons? The deposit fees associated with credit card deposits could be hefty, but the good news is not all gambling establishments place fees on this service. If you have a system in place with your bank that stops you from gambling, if you have funds in your PayPal account, you will still be able to gamble. PayPal may not be legal in your jurisdiction.

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