How PayPal is the obvious choice for online gambling
The online gambling scene has been on a resounding increase for the past decade or so. New online casinos are continually cropping up on the scene.
While there has been much talk of the bubble of online gambling bursting sooner rather than later, these qualms were squashed last year, when bigger numbers of players joined the market to play.
2020 was undoubtedly one of the busiest years when it comes to online casino gaming, and there is no stopping it.
The emergence of safe online payment methods has helped push this phenomenon further. There are plenty of options available at the players’ fingertips these days, but one specific payment method keeps on getting method. Enter PayPal!
What payment methods are available at online casinos?
There are many factors to take into consideration when you are looking to gamble. Players can opt for a variety of options, including conventional banking methods, e-wallet options, bank transfers and prepaid vouchers. Each of these methods come with their pros and cons.
Bank transfers are secure, but it can take days for the casino of your choice to receive your funds which would delay things. You are unable to start playing until the casino has received your funds. Conventional bank debit or credit cards also offer a high degree of security, but some players might not be too comfortable with the idea of sharing their details with a casino.
This is where e-wallet options come in. A PayPal casino is quite enticing for many players for a variety of reasons. Other payment methods began to arrive on the scene, including Neteller and Skrill.
Online wallets offer a degree of anonymity and you can pay in a variety of currencies. One distinct advantage is the fact that you can make deposits and request withdrawals in an epically fast matter.
Is PayPal an obvious solution?
We’d like to think so. PayPal has been around for close to two decades and is used by more than 300 million users around the world. It is, by far, the most popular e-walllet.
That being said, PayPal and the online gambling sector have not always seen eye to eye. This all changed now with PayPal Casinos being immensely popular
PayPal has also nurtured a good relationship with the UK Gambling Commission by tightening the ropes and ensuring safe and secure payment practices.
PayPal is ultimately committed to work with online casino sites by offering high standards in terms of security, transactions and ethics.
If you are still not sold, we should also point out that there are some shortcomings to using PayPal, albeit not many.
Not all online casinos accept PayPal, though there are quite a few of them available to UK players. Some casinos might also not give away casino bonuses to PayPal users. This also applies to other payment methods. Many casino bonuses are also exempt from Neteller and Skrill users. This is why it is important that you read the terms and conditions before signing up and wasting unnecessary time if it does not suit you.
Overseas, PayPal is also not widely available to use at online casinos. For example, in the United States, players are unable to use PayPal to gamble online, even though an increasing number of states are legalising online gambling.
This might all change in a blink of an eye. Even so, PayPal offers a tremendous advantage of players, who want to keep their bank debit and credit card details safe and secure. Without having to share such information with the casino, you are essentially creating an extra layer of security and anonymity.
After all, there is a reason why PayPal enjoys increasing popularity amongst players.