Online casinos that accept PayPal are a better choice
It may be the best thing to happen to online gaming since the first Internet casino opened its cyber doors in 1996. More and more, Internet gamblers today can place their bets and collect winnings using PayPal, arguably the world’s safest, easiest to use and most popular online money transfer system. The advantages of using PayPal for online casino play are many, and it may be much safer and secure than using your credit or debit card. Also, PayPal-leveraged casino gambling might help keep you out of trouble by not letting you get in “too deep” with gambling debt. Conventional credit cards can make that too easy.
Not all online casinos accept PayPal at this time, but many of the best ones do. There are now enough online casinos accepting PayPal to offer gaming enthusiasts a variety of choices for gaming fun. First, let’s explain just what PayPal is and how you can easily start using it not only for gaming, but online shopping and other money transfer purposes.
What Is PayPal?
Paypal was established in 1998, originally called Confinity, by four computer scientists and Internet entrepreneurs. In March of 2000 Confinity merged with an online banking company owned by the internationally famous entrepreneur Elon Musk, who today owns such high profile businesses as SpaceX, a rocket-launching aerospace firm, and Tesla Motors.
Confinity was renamed PayPal in 2001. It enjoyed rapid expansion and popularity among consumers. Within a year, PayPal went public offering an IPO, which raised about £49 million in stocks.
In July of 2002 the giant online auction company, eBay, purchased PayPal for about £1.2 billion.
Today, PayPal continues to enjoy enormous success and is worth an estimated £40 billion. That makes it more valuable than its parent company, eBay, and online giants, such as Twitter and Netflix.
HOW PAYPAL WORKS
The enormous popularity of PayPal rests mostly in the fact that it is extremely easy to use. All you need is an email address.
With your email you can almost instantly open a PayPal account. No need for a credit check, to fill out a lot of forms, or jump through the bureaucratic hoops required by conventional banks, including online banks.
Your email address is synonymous with your PayPal account. For example, if someone wants to send you £100 using a credit card, they can do so easily by logging onto to PayPal and sending the funds to your email address listed with PayPal.
You can also receive money from other PayPal accounts, or from direct transfers from your traditional bank account. Furthermore, it’s easy to link and synchronize your PayPal account with your traditional bank account.
You can use PayPal to pay for things, to buy stuff online, pay bills, or send money to someone else. All that other person needs are an email address and a PayPal account. The transfer of the money is all-but instantaneous, and that includes most overseas transaction or money sent across international boundaries.
PayPal has proven to be extremely secure. It’s an almost foolproof way to send money, shop online, get payment from a client – or complete just about any kind of monetary transaction that were once handled by conventional banking methods.
PayPal makes money by charging a fee for transactions. For example, as of today, if someone sends you £100 the amount that will go to fees is £3.60 and the recipient will receive £96.40. That’s a 3.6% fee. (These fees change occasionally).
Note that PayPal is technically not an online bank. For example, it does not offer savings accounts or pay interest on your PayPal balance. Technically, you can get a loan from PayPal if you sign up for and and qualify for its credit card product, the PayPal Extras MasterCard. (Note: You can also apply for a PayPal debit card which you can use on the street, or anywhere).
In its simplest form, however, and for the majority of people PayPal, is just a effortless way to send money and receive money – and with great security.
WHY PAYPAL ACCEPTING CASINOS ARE BETTER
If an online casino accepts PayPal, that’s a good sign you are dealing with one of the better, more reputable gaming providers. That’s because to remain in good standing with PayPal, casinos must comply with a strict code of ethics and practices that apply to online vendors.
If PayPal receives a number of complaints from casino customers, that casino risks losing its PayPal vendor’s agreement, and they don’t want that to happen.
Another aspect that makes PayPal casinos more reputable is that they can only work with online and mobile casinos that are licensed in the same country where the player is a citizen. For example, in the United Kingdom British citizens can only play an online casino that has a license to operate in the U.K. Some European countries allow casinos to “offshore license,” which is not only cheaper, but allows them to skirt regulation that protect consumers.
With PayPal-partnered casinos, you don’t have to worry about any of that.
PAYPAL ONLINE CASINO-PLAY TIPS
The first thing you want to do is check to see if your casino offers both deposit and withdrawal of funds via PayPal. This information will be listed on the casinos banking page. Some casinos may only allow you to withdraw funds if the withdrawal amount does not exceed the deposit amount. That seems weird, but that’s the way it is.
Some online casinos also have different rules for different countries. Some casinos that accept PayPal may nevertheless not accept you if you are not located in one of the countries they have agreed to serve. Again, you can find this kind of information on the casinos banking page.
A standard minimum deposit with most casino is £10 to £25. The casino will let you know minimum amounts required after you select “PayPal” as your payment method on the banking page.
What’s great about PayPal is that some casinos will give you a 15% bonus just for using it, which tells you how eager they are to work with this highly secure money transfer system. And yet, some casinos do the opposite – they charge you a small fee, often 1.5%, for the privilege of using PayPal.
Thus, it often pays to shop around a bit to find the best PayPal casino with the most attractive terms.
BEST CASINOS FOR PAYPAL
An online search for “highest rated” casinos will offer you a lot of information on finding the best PayPal casino, and you might also add the term “PayPal” to your search. A website called Carino.org is a good resource for locating reputable places to play online in the United States.
Casino.Org names Ignition Casino, Slots LV, Lincoln Casino, Sloto Cash and Planet 7 to be among the best in the United States. They all accept Paypal.
For great casinos in the U.K. a site called BestCasino.org recommends one of the “big three,” which are William Hill Casino Online, Ladbrokes Online and Coral Casino. All three have stellar reputations and all three accept PayPal.
The site also says that mobile casinos are the best for players.
Another highly rated site is BetVictor, a company with its roots in the U,K, but now headquartered in Gibraltar. They accept PayPal.
AROUND THE WORLD
Of course, online casino and gambling sites are operating in hundreds of countries. Not all of them are reputable. So, it’s nice to know that one way that you can can have added confidence that a casino is on the “up-and-up” is if it accepts PayPal — although this should not be considered the sole criteria for judging these entities.
Finally, remember that PayPal makes it easier and safer to play games of chance online, but it doesn’t necessarily make winning easier. For that, you’ll need something more traditional and decidedly low-tech – a bit of luck.