PayPal Deposit Casino
PayPal is an e-wallet service that gives users instant access to their funds. This is a very popular payment method for casinos in the US, however, not all internet casinos offer PayPal as a deposit and withdrawal method. Fortunately, due to its popularity, more casinos offer the method compared to those who don’t.
The payment method was first introduced roughly 20 years ago around the same time as another well-known e-wallet payment method, Skill. While based in America, PayPal’s primary goal when it first entered the online gaming space was to offer a new way of conducting web-based casino transactions. This was seen as a fresh take to traditional check books and bank transfers. It has since achieved its initial goal and has become a reliable choice for many.
Paypal can be used for making withdrawals as well as deposits and is accepted by many casino sites on the internet. One of the reasons why this platform is the go-to choice for many has to do with the versatility it offers. Paypal has very low transaction fees and a 30-day period is given for all funds before a withdrawal needs to be made.
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Creating a Paypal Account
Creating a Paypay account is a fairly simple process and requires very little information. The process takes a few minutes to complete and there are no sign-up fees required to open an account. To start the process, paste Paypals URL into your browser, click on its official website and search for the sign-up icon. This process is usually very self-explanatory.
Once you’re on the sign-up page, you’ll find a form that you need to fill out with your personal information. Once you’ve completed this process you’ll need to provide a valid email address which will be used to send you a link. To complete the registration, click on the link to verify your information.
Processing Funds to and From Your Paypal Account
Transporting funds to and from your Paypal account is also relatively hassle-free. To make deposits you need to sync your normal bank account to your Paypal account before you can process transactions using this method. To make a payment from your regular bank account into your Paypal account you need to visit the casinos payment portal. You’ll then search for and select the Paypal option and follow instructions. The funds should reflect in your casino account once the transaction has been verified via email. This process requires a small transaction fee which will be deducted from the money transferred into your casino account. How much money is deducted will also depend on how big the deposit amount is.
Security
Paypal is a global giant and because they operate on such a large platform, security is a major concern for both the users of Paypal and the company itself. They need to guarantee the safety of all transactions if they want to stay in business and maintain a good reputation. Paypal uses a two-way verification process to protect user’s information.
You can either secure your account using a pin created by you, or through SSL encryption. Both options are very safe and Paypal has support staff monitoring the transaction activity on those accounts on a daily basis all throughout the day. Over the 20 plus years that Paypal has been in business, no major instance of cyber theft or other fraudulent activity has surfaced.
Benefits of Using Paypal
Paypal poses many advantages and this is one of the reasons why the platform has achieved such massive success. Here’s a look at some of the benefits to using Paypal.
- Paypal is one of the safest ways of banking online. Paypal follows European banking licensing protocol which is mandated to apply the highest levels of security.
- Payments are accessible immediately, which means that you can get your gambling underway in no time.
- Anonymity is guarantee.
- All transactions processed through Paypal are free of charge.
- Navigating your way on the system is easy as it was designed to be user friendly.
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