Probably every online casino enthusiast has been looking for a PayPal casino online. No wonder, as this payment method is one of the best known online transaction processing options. In the field of gambling, however, PayPal is gaining popularity quite reluctantly.
As of 2020, PayPal is available in over 200 countries and has over 300 million registered accounts. PayPal allows customers to send, receive and hold funds in over 25 currencies worldwide. When it comes to gambling sites, the number of PayPal online casinos is slowly increasing, however, they are not always at hand for every player. What is the reason for this?
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PayPal was founded in December 1998 under the name Confinity. In 2000, Confinity merged with X.com, company founded by Elon Musk. X.com changed its name to PayPal in 2001.
In 2002, company management decided to launch PayPal’s public offering. Just a few months later, PayPal was acquired by eBay. In an instant, PayPal became the payment method used by thousands of eBay users, and also the default choice for eBay auctions. It was this moment in the company’s history that had the greatest impact on the popularization of the payment method.
Despite being acquired by eBay, PayPal grew faster than its parent company and became a popular online payment system on other e-commerce platforms. No wonder then that Australian online casinos that accept PayPal have also started to appear on the web.
In 2007, PayPal established cooperation with MasterCard. This collaboration has allowed PayPal and MasterCard users to make payments on sites that do not accept PayPal directly. In 2008, the company added a new layer of security to its system by acquiring Fraud Sciences, a brand with extensive experience in online risk management.
Finally, in 2014, the company said goodbye to eBay, becoming an autonomous brand. In the new version, PayPal has launched its own payment system, and at the moment PayPal functions almost all over the world.
There are hundreds of reasons why players all over the world choose PayPal casino. We are not only looking at the obvious advantages of the PayPal casino, but also those you probably would never have thought about yourself.
Almost all of us have a PayPal account
There is a high probability that you already have a PayPal account and are not only using it at an online casino. Even if you don't have one, you can easily open an account in minutes, knowing that PayPal is the most popular e-wallet service on the Internet.
PayPal is a company with a long history and good reputation
PayPal didn't go online overnight - the company has been around for decades and has a long history of being online. Millions of people use this payment system every day without difficulty and without fear for their security, which works to the great advantage of the website.
PayPal cares about its users
When you pay via e-wallet, PayPal Casino is committed to protecting its users. PayPal has built-in anti-hacking systems and firewalls, so that every single transaction is subject to detailed verification. Where claims are made, these are often resolved in favor of the customer, as PayPal users have a privileged position over other customers with regard to the applicable levels of protection.
Great convenience and speed of transaction processing
Probably the PayPal casino payment is particularly attractive due to the fact that it is extremely easy and fast to use. No more waiting days for your payment to be processed - when you make a deposit to your casino account via PayPal, it is immediately visible in the casino account. The same applies to payouts - winnings are immediately visible in your account.
We do not need a bank card to play at the casino
You don't need to enter your card number or even have your bank details on hand when making a payment. As long as you remember your email address and password, you can send payments anywhere without removing your card from your wallet.
Exceptional protection of account data
Of course, when you pay with this e-wallet, PayPal casinos don't need to know any details of your bank account. Operators only see that the payment has been received from your email address - no confidential information is passed on. This is a good option for those who are the most concerned about security or are reluctant to submit their banking details online.
The system is regulated and has European banking licenses that allow it to offer an online payment processing service. PayPal itself boasts that it meets the most stringent requirements in the industry, which is why it can guarantee the safety of users.
PayPal prevents fraud and theft of customers thanks to 24/7 monitoring of all transactions. PayPal Casino provides players with the fact that payments are encrypted making them inaccessible to third parties.
The security of casino transactions is a big concern for players as most of the payment options leave them vulnerable to fraud. This possibility is excluded in the PayPal casino system.
The PayPal casino deposit is child’s play. Just follow these steps and you’ll be playing for real cash in no time.
Withdrawing money from a PayPal casino is usually as simple as depositing money at the casino. The withdrawal process must be as follows:
Unfortunately, although PayPal is known to Australian players and a popular solution for online payments, due to restrictions related to gambling, PayPal casinos are still rare in Australia. Personally, we believe that the lack of such solutions is related to the process of verifying the player in the casino and his payment source – given that the payment process is based on data related to the email address only, casinos are not always willing to support PayPal .
Many casinos deliberately choose not to offer PayPal due to currency conversion . It can be between3-7$, which certainly does not work in favor of this method. Certainly, other options that do not mention additional costs are unrivaled.
Fortunately, in Australia we have plenty of great alternatives to the PayPal payment method. Other e-wallets completely replace the capabilities of the PayPal casino. The EcoPayz e-wallet allows us to pay in an online casino without providing data, while the Skrill and Neteller electronic wallets appear more and more often as payment options on gambling sites.
Casinos accepting PayPal are not always at our fingertips, but players from all over the world will surely find them online. For those of you for whom PayPal casino is not an option to consider, we encourage you to read our list of trusted operators and our ranking of new casinos offering a multitude of other payment options.
As we noted before, there are many advantages to using PayPal at an online casino. However, it would not be fair to conceal some of the disadvantages of using this website. Generally, there aren’t many of them, but it’s a good idea to study the situation carefully before using any payment method to avoid any unexpected surprises.
The first potential point is that, as we mentioned, PayPal is not available in all countries, which means that there are many online casinos that do not allow you to pay with this method. Most of the time this is due to some legal and licensing issues, but unfortunately the point is that some countries residents cannot use PayPal at all.
Moreover, deposits made via PayPal may prevent you from taking advantage of various casino bonuses and other potential promotions. This may not be a huge downside for some players who aren’t counting on any special offers. Others, however, prefer to take advantage of these generous offers whenever available, and you may not be able to do so if PayPal is the only way to deposit funds.
Additionally, if you don’t already have a PayPal account, you must first register and link your cards to your bank account before you can use it to fund your online casino account. For those of you who want immediate access to the best casino games and get entertained, this may be a redundant process and other alternatives may provide a faster route.
We can honestly mention the downsides, but without a doubt PayPal casinos are an option worth your attention. If you are still not entirely convinced of this method, consider the following reasons that make the PayPal online casino a good choice. We have collected for you briefly information about all the pros and cons of the PayPal casino:
Pluses:
Minuses:PayPal has an excellent reputation and is used by millions of people around the world. Additionally, you are not limited to just online casinos as this payment system is used by many online stores and many services available, which means you can use the e-wallet for all your needs.
