PayPal does not need much of an introduction when it comes to electronic payments. It is the largest debit electronic payment system that allows customers to make purchases, pay bills, and send and receive money. Many online casinos accept this eWallet, which includes many of the poplar ones. It is one of the first generation eWallets founded in 1998. The company was bought by eBay in 2002 and has since grown significantly as one of the safest payment methods worldwide. Customers only need to reveal their email address and nothing else to effect transactions.
One of the major benefits of using it is that there is no fee for verified accounts. The withdrawal process is relatively quick as well. Currently, it is only available for use on gambling sites in eight countries. Since 2010, PayPal accepts online casino accounts exclusively in countries where gambling is legal, which includes the UK.
Setting up anaccount is a breeze. All you need to register is a bank account and link your credit or debit card. Once you fund your account you can start playing at online casinos and make a deposit by only revealing your email address linked to your account. As with many other eWallets, you will be able to make withdrawals from your casino account back to the same account. Many casinos do not charge a fee for making deposits or withdrawals from and to your account. If you link your bank account directly to your PayPal account you can avoid any credit and debit card fees. Once you verify your account, there is no restriction on the amount you can deposit and withdraw. In addition, make sure to deposit funds from PayPal into your casino account using the same currency. This will avoid any losses due to any fluctuations in interbank exchange rates.
Being the leading payment processor, it is no surprise that PayPal offers a secure connection for all transactions. Apart from transferring funds back to your bank account from your account, they can also be transferred to the card you link to the account. There are withdrawal fees that vary depending on the method of withdrawal and country. In addition, it is important to remember that there may be some minimum and maximum deposit and withdrawal limits depending on the account status. Since 2012, it also supports payments via mobile phone while there are a number of casinos that also offer mobile versions and accept PayPal.