Why PayPal is so popular with online casino players

Jul 13, 2021

SHARE THIS POST

Why PayPal is so popular with online casino players

PayPal was one of the first e-wallets and since 1998 when it was founded its popularity only grew worldwide. Used extensively for online purchases, transfer funds between individuals and businesses, it enjoys a reputation for efficiency and security. For many years, it wasn’t accepted by most online casinos, which compelled players to look for alternative financial instruments for deposits and withdrawals. Today, it is one of the best-known and most popular banking options for online gamblers.

PayPal only accepts licensed casinos

Issues such as fraud and money laundering have always represented a serious concern for law-abiding financial institutions. Gambling addiction and other specific concerns were also on the list and this led to the exclusion of certain banking options on the website or casino. PayPal has since established a relationship with the UK GC, which implies that only licensed casinos are accepted. 

On one hand, this narrows down the list of gambling operators where you can make a deposit and cash out in this manner. At the same time, those who find a certain casino on the list of accepted operators by PayPal can be more confident in their decision. In the United Kingdom, which has the biggest and best regulated markets, this is an important quality that punters appreciate.

Have you seen this:
ADVANTAGES OF PLAYING AT BONS CASINO

Fast and inexpensive transactions

Even with the issue of transparency and fairness resolved, a payment method would still fail to appeal to punters in the absence of certain core qualities. The speed of transactions is one of them and this is something that PayPal is best at. Money is transferred to the accounts of online casinos and back instantly, with the internal pending period being the only one to cause any delays with withdraws.

The costs of depositing and withdrawing money via this e-wallet are low and this is also a major advantage. Punters want to be able to gamble the entire amount they deposit to online casinos without being subject to hidden fees. When it comes to cashing out profits, they don’t want to have commission eating into their winnings. PayPal meets both these demands, so it has a clear advantage over the pack.

Free to use and secure

Anyone can sign up for an account with PayPal using only a valid email address and start using it right away. There are no maintenance fees and no annual surcharges, so even if one doesn’t use the account at all, one won’t have to pay anything. This provides punters who are still on the fence with a strong incentive to sign up for an account and use the electronic wallet at leisure.

Have you seen this:
5 Popular Online Gaming Trends Making It Big In The New Year

In spite of offering a free, fast and inexpensive solution for money transfers, PayPal is totally secure. The information shared by players during the verification process and later on is kept securely on offline systems. Encryption is used to process all transactions and over the years there were no successful attacks from cyber criminals and other individuals with malicious intent.

Are you an Insider?News, reviews, & updates are just the beginning.

Don't miss out on your chance to win every month...

Just Missed!
Free GWW t-shirt!
Can't win' em all!
25% Off Insider Membership
So Close!
50% Off Insider Membership
Not today
50% Off GWW Shirt
Try again Tomorrow
25% Off GWW Shirt
Get your chance to win a prize!
Enter your email address and spin the wheel. This is your chance to win amazing discounts!
Our in-house rules:
  • One game per user
  • Cheaters will be disqualified.