How PayPal Works
If you’d like to use this payment service, you’ll first have to set up a PayPal account. Signing 6️⃣ up is done with nothing more than an email address and a password, plus it’s completely free. The next step 6️⃣ is to add a bank account or a credit / debit card (Visa, MasterCard, Amex), and from there on you 6️⃣ can simply login with the same two pieces of information to pay for your online purchases.
Additional verification can be done 6️⃣ to enjoy extra benefits such as lifting the withdrawal limit on your PayPal account.
Related fees differ depending on which country 6️⃣ the client is from. For example, US citizens are charged 2.9% plusR$0.30 to send money via a debit or credit 6️⃣ card. Transferring money out of their PayPal balance using the linked bank account is free, while Instant Transfer costsR$0.25 per 6️⃣ transaction. There are also small fixed fees for sending money in other currencies.
PayPal Mobile app is available for iPhone, Android 6️⃣ and Windows Mobile and can be downloaded via PayPal website or iTunes, Google Play and Windows Phone Marketplace. One Touch 6️⃣ allows you to complete purchases faster by choosing to stay logged-in, meaning you can skip the PayPal log-in screen when 6️⃣ paying via the same device and same browser.
PayPal.Me makes it even easier to receive money; all you need to do 6️⃣ is share your PayPal.Me link with whoever is paying and they’ll be able to send you cash without knowing your 6️⃣ email address or your mobile number. It costs nothing to set up and can also be used on iOS and 6️⃣ Android smartphones and tablets.
PayPal Security Measures
PayPal is a holder of a European banking license and therefore required to implement the 6️⃣ highest levels of security. Every transaction is guarded by an advanced encryption technology so that no third party can touch 6️⃣ it. To prevent fraud and identity theft, the company monitors all money transfers 24/7. If something looks suspicious, their team 6️⃣ of specialists will immediately take action to protect you from fraudulent transactions.
Using PayPal for Online Casino Payments
The thing about eWallets 6️⃣ is that they make casino payments as simple as can be. There’s no need to enter card numbers, security codes 6️⃣ and expiration dates; all you’ll have to supply is your email address and password. Providing you have funds in your 6️⃣ PayPal account, deposits can be made by selecting PayPal from the list of payment methods, indicating the amount you wish 6️⃣ to transfer, and logging into your PayPal account to confirm the transaction. As the results, funds will be added to 6️⃣ your casino account almost immediately.
One needs to follow the very same steps for money to go the other way. Next 6️⃣ to cryptocurrencies, eWallets are the fastest tool for getting hold of one’s winnings. Withdrawal processing period differs from one online 6️⃣ casino to another, but once it has been completed, it will take only a couple of days for cash to 6️⃣ appear in your PayPal account.
Online Gambling with Paypal: Benefits and Disadvantages
PayPal deposits are immediate so there’s no waiting around before 6️⃣ you can launch your favourite casino game and start playing with real cash.
This is also one of your best options 6️⃣ for collecting your online gaming profits as quickly as possible, though you might have to pay a small fee.
Opening of 6️⃣ an additional account might seem tiresome, but once it’s done, executing online transactions becomes exceptionally simple. What’s more, you won’t 6️⃣ need to enter zillion card-related details each time you visit a new gaming venue.
The size of provider’s client base anyway 6️⃣ makes it likely many of the players already own an active PayPal account and will have to take no additional 6️⃣ actions in order to fund their gaming activities.
PayPal service is among the safest online banking options thanks to implemented security 6️⃣ measures as well as the fact users don’t need to share bank account or credit card numbers with the casino 6️⃣ they’re playing at. The latter should definitely put your mind at ease if worried about identity theft.
The only disadvantages is 6️⃣ that not that many online casinos offer PayPal deposits and withdrawals, even though as time goes by, more and more 6️⃣ are adding it to their list of available payment options.
