Paypal casino platforms employ the payment system for easy and seamless transactions. This service is an American financial system owned by the company PayPal Holdings Inc. It works well as a medium for deposit and withdrawal and is very popular with ewallet casino payments. This transaction method was launched in 1998 and soon gained prominence in online casinos.
As it stands, most casinos use PayPal to process deposits and withdrawals easily without any issues, and the reason is not so farfetched. It is fast, highly secure, and available in different countries. Players looking for the best Paypal casino list can be guaranteed to find them in this piece.
Why Use PayPal for Online Casino Transactions?
There are many reasons to choose this transaction service instead of other alternatives. Firstly, it is easier to find a platform with the system as one of its payment options. Also, a gambling site that has the system will always help players get their money at the appropriate time without delay.
In addition, players are given a level of assurance for damage compensations with this transaction method when it is proven beyond doubt that they do not cause a hack. A casino PayPal accepts that players’ security is of paramount importance and, as such, employs different protective protocols to secure their money and details.
Depositing with PayPal
Processing a casino PayPal deposit is relatively easy as nothing technical is required. Below are the steps to deposit into a casino using the service.
- Create an account with PayPal and link a bank with it for easy refill whenever there is no money.
- Go to the casino cashier page and select the Pay-Pal service out of the options available.
- Input the amount to deposit.
- Players will be directed to a new page where they will fill in the information about the funding Pay-Pal account. They should click complete once this process is completed.
Withdrawing with PayPal
Withdrawing from a casino that uses this transaction system is also quite easy. Here is all that players need to know.
- Players will go to the cashier page of casinos that accept PayPal and select the transaction service.
- Players should fill in the amount they want to withdraw from their casino account and their personal PayPal address.
- The transaction will be completed in three to 30 minutes once they click complete.
Mobile Casino Payments Using PayPal
A PayPal mobile casino payment is one of the best ways players can use Android or iPhone devices to actualize transactions like a PC. Once players win their slots or table games, they will need to withdraw the money. Even when they fund their account, they will need the system to perform the funding successfully. Fortunately, they can do all this with their mobile devices. They only need to follow all the steps for depositing and withdrawing outlined in this piece.
Are there Charges for Using PayPal?
Like any payment service, this transaction system charges for any transfer they carry out for withdrawals and deposits. However, most real money online casinos that accept PayPal cover the fees it charges when players deposit and may also do so when players cash out. Hence, players must ensure that they wager on platforms that offer this customer-friendly option.
When gamblers’ fees are not covered by the platform where they play, they should expect to pay as much as 3% of the money they transact with this service. This is quite high when compared to other alternatives.
Pros and Cons
- Its transaction process is fast and highly secured;
- It is available in most igaming friendly countries;.
- There are many game options available for players to explore on platforms that accept its service for transactions;
- It has limited cases of fraudulent and hack-related cases in Online Gambling.
- Customer Service may be hard to reach compared to alternatives;
- High Chargeback fees are often higher than that of most alternatives.
Security and Safety
The security and safety of an online casino with PayPal as its leading transacting service is quite remarkable. Funding accounts with this reputable service is very safe as it employs several cutting-edge technologies to wade off every breach attempt from hackers and cyber thieves.
This transaction method uses the popular two-step authentication security option to make it difficult for a password thief to steal money. The two-step verification process works this way during login:
- First step Authorization: Players get to input their registration details which comprises their email address and Passwords. These are details they created when signing up.
- Second Step Authorization: The next step after inputting the login details is the transaction system sending a sensitive code to the mobile phone of the real account owner.
What’s more, MTAN is also known as Mobile Transaction Authentication Number. It is one of the most reliable security protocols that send a code that players can use to validate a transaction. Without the code, a transaction will not work.
What are the Casino Deposits Alternatives to PayPal? :: This transaction method provides players with a fast and highly secured system developed from years of experience serving customers. However, it may not be available on all platforms, and in such circumstances using good alternatives is welcomed. Some popular alternatives include Skrill, Payoneer, Neteller, and ecoPayz. These transaction methods are fast, efficient, and effective.