How PayPal Works
If you’d like to use this payment service, you’ll first have to set up a PayPal account. Signing 🌧️ up is done with nothing more than an email address and a password, plus it’s completely free. The next step 🌧️ is to add a bank account or a credit / debit card (Visa, MasterCard, Amex), and from there on you 🌧️ can simply login with the same two pieces of information to pay for your online purchases.
Additional verification can be done 🌧️ to enjoy extra benefits such as lifting the withdrawal limit on your PayPal account.
Related fees differ depending on which country 🌧️ the client is from. For example, US citizens are charged 2.9% plusR$0.30 to send money via a debit or credit 🌧️ card. Transferring money out of their PayPal balance using the linked bank account is free, while Instant Transfer costsR$0.25 per 🌧️ transaction. There are also small fixed fees for sending money in other currencies.
PayPal Mobile app is available for iPhone, Android 🌧️ and Windows Mobile and can be downloaded via PayPal website or iTunes, Google Play and Windows Phone Marketplace. One Touch 🌧️ allows you to complete purchases faster by choosing to stay logged-in, meaning you can skip the PayPal log-in screen when 🌧️ paying via the same device and same browser.
PayPal.Me makes it even easier to receive money; all you need to do 🌧️ is share your PayPal.Me link with whoever is paying and they’ll be able to send you cash without knowing your 🌧️ email address or your mobile number. It costs nothing to set up and can also be used on iOS and 🌧️ Android smartphones and tablets.
PayPal Security Measures
PayPal is a holder of a European banking license and therefore required to implement the 🌧️ highest levels of security. Every transaction is guarded by an advanced encryption technology so that no third party can touch 🌧️ it. To prevent fraud and identity theft, the company monitors all money transfers 24/7. If something looks suspicious, their team 🌧️ of specialists will immediately take action to protect you from fraudulent transactions.
Using PayPal for Online Casino Payments
The thing about eWallets 🌧️ is that they make casino payments as simple as can be. There’s no need to enter card numbers, security codes 🌧️ and expiration dates; all you’ll have to supply is your email address and password. Providing you have funds in your 🌧️ PayPal account, deposits can be made by selecting PayPal from the list of payment methods, indicating the amount you wish 🌧️ to transfer, and logging into your PayPal account to confirm the transaction. As the results, funds will be added to 🌧️ your casino account almost immediately.
One needs to follow the very same steps for money to go the other way. Next 🌧️ to cryptocurrencies, eWallets are the fastest tool for getting hold of one’s winnings. Withdrawal processing period differs from one online 🌧️ casino to another, but once it has been completed, it will take only a couple of days for cash to 🌧️ appear in your PayPal account.
Online Gambling with Paypal: Benefits and Disadvantages
PayPal deposits are immediate so there’s no waiting around before 🌧️ you can launch your favourite casino game and start playing with real cash.
This is also one of your best options 🌧️ for collecting your online gaming profits as quickly as possible, though you might have to pay a small fee.
Opening of 🌧️ an additional account might seem tiresome, but once it’s done, executing online transactions becomes exceptionally simple. What’s more, you won’t 🌧️ need to enter zillion card-related details each time you visit a new gaming venue.
The size of provider’s client base anyway 🌧️ makes it likely many of the players already own an active PayPal account and will have to take no additional 🌧️ actions in order to fund their gaming activities.
PayPal service is among the safest online banking options thanks to implemented security 🌧️ measures as well as the fact users don’t need to share bank account or credit card numbers with the casino 🌧️ they’re playing at. The latter should definitely put your mind at ease if worried about identity theft.
The only disadvantages is 🌧️ that not that many online casinos offer PayPal deposits and withdrawals, even though as time goes by, more and more 🌧️ are adding it to their list of available payment options.
