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One of the world’s most famous and widely used online payment systems, PayPal is known

to millions.

The service, which first 🌞 made its name in the UK when auction site eBay

sprung up in the early naughties, has a global user 🌞 base and is used for countless

transactions on the web, as well as in real world stores. With a PayPal 🌞 account set up

and tied to your bank account or credit card, it’s possible to shop anywhere you see

the 🌞 PayPal logo.

In addition, PayPal enables small businesses including sole traders to

sell goods and services online, with PayPal handling the 🌞 payments. Due to its

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The Origins of Paypal

PayPal is an

American alternative payments company that is one 🌞 of the largest of its kind in the

world. It’s popular at auction sites, ecommerce stores, casinos and other sites. 🌞 The

company launched in 1998 and was quickly snapped up by eBay.

In 2014,R$228 billion was

sent via PayPal in 26 🌞 currencies and 190 countries. In the process, it netted PayPal

almostR$8 billion in profits. Today PayPal has over 100 million 🌞 users. As evidence of

the might of PayPal, its second IPO in 2024 saw the company valued at a staggeringR$47

🌞 billion.

How Paypal Works

Signing up for PayPal is free. Once you’ve created an

account, you need to link it with a 🌞 credit card or bank account in your name. Select

the bank account option and you’ll be required to verify your 🌞 account by looking out

for a small sum that PayPal deposits into it. Log into PayPal, enter the amount that

🌞 you received and that will be your account verified.

Once you have a PayPal account,

you can send money to friends 🌞 and family free of charge. When paying for goods and

services over the web, the fee per transaction is absorbed 🌞 by the seller, so you

shouldn’t be charged anything extra. Some sites however will apply a surcharge for

PayPal payments 🌞 to cover their costs.

Using Paypal to Deposit Funds with a Casino

While

there are many casinos where you can use PayPal, 🌞 it’s not as popular as Neteller,

Skrill or MasterCard. For various reasons which include the commission that is charged,

PayPal 🌞 is less popular with casino operators than other payment types.

One of the

things that PayPal sellers – especially those on 🌞 eBay – grumble about most is the

amount that is deducted in PayPal fees. This hasn’t been enough to stop 🌞 customers from

using PayPal, but in saying that with sites such as eBay they have little choice.

Casino operators do 🌞 have a choice, which is why many have elected not to use PayPal.

If

PayPal is your preferred payment mechanism, the 🌞 good news is there are still many

casinos where you can use it to deposit funds into your account. Look 🌞 out for the

PayPal logo appearing in the footer of the website or on its Deposit page.

To add funds

to 🌞 a casino account using PayPal, log in to the casino, visit the page marked Deposit

or Cashier and select PayPal 🌞 as an option. You’ll then be redirected, either in the

same window or via a pop-up window, to PayPal’s website.

Here 🌞 you’ll need to log in

with your PayPal email address and password, confirm the amount of money you wish to

🌞 send and hit submit. The transaction should clear straight away, subject to the funds

being in your PayPal account.

If you 🌞 don’t have sufficient funds in your PayPal account

but have it linked to your bank account via a debit card, 🌞 you’ll still be able to

complete the transaction, as PayPal will simply draw the sum straight from your bank

(presuming 🌞 of course that there are sufficient funds in your bank). With the

transaction completed, funds should clear immediately into your 🌞 casino account,

whereupon you’ll be able to start gaming right away.

The Pros and Cons of Paypal

If

PayPal is your only 🌞 means of paying for goods and services online, you’ll be limited

when it comes to casinos. You will find some 🌞 casinos that will accept PayPal, but the

majority won’t. That said, PayPal is extremely handy for customers who don’t have 🌞 a

credit or debit card or who simply don’t like submitting their card details on the web.

PayPal doesn’t give 🌞 you total anonymity, but it certainly prevents your credit card

number and bank details from being shared with casino websites.

One 🌞 detail that vendors

will be able to see however is your address as it appears on your PayPal account.

With

deposits 🌞 clearing instantly and no fees to pay, there are certainly benefits to using

PayPal at an online casino. When it 🌞 comes to withdrawals, you can again use PayPal,

though there may be a delay of a few days before the 🌞 funds show up in your PayPal

account.

The disadvantages of using PayPal extend to more than simply the narrow range

of 🌞 casinos that accept it. There’s also the possibility of casinos levying a surcharge

to cover their costs, and there’s also 🌞 the fact that PayPal isn’t as anonymous as some

payment methods. That said, PayPal will provide a degree of privacy, 🌞 and will certainly

prevent gambling-related billing details from showing up on your bank statement or

credit card bill.

Final Thoughts on 🌞 Paypal

PayPal is a highly convenient means of

paying for products on the web. Despite mass adoption, it’s still more synonymous 🌞 with

ecommerce than gambling, however.

If you’re an active PayPal user, you may find it

handy to play at a casino 🌞 that accepts PayPal. In the UK in particular there are

gambling sites that are happy to accept PayPal. In the 🌞 rest of the world, you’ll

struggle to find a great selection of PayPal-friendly casinos however. When you do, you

can 🌞 look forward to deposits clearing instantly and no fees to pay provided the casino

hasn’t added any voluntarily.

Due to the 🌞 size of the company and the security measures

it has in place, PayPal is at least a safe means of 🌞 sending money, or as safe as any

method can reasonably be.

FAQ

What is PayPal?

PayPal is a global payments system that

enables 🌞 you to send money to friends, family and online vendors.

How does PayPal

work?

PayPal is linked to your credit card or 🌞 bank account. Funds can be sent from

these sources to PayPal and then from PayPal to the ultimate destination, be 🌞 it an

ecommerce store, auction site or casino.

Is PayPal safe?

Provided you keep your PayPal

login details secure and make sure 🌞 your email account isn’t compromised, PayPal should

be completely safe to use.

Which casinos accept PayPal?

Most casinos don’t accept

PayPal, but 🌞 there are some that will. Check the banking section of the site to

double-check before signing up.

Is there a deposit 🌞 limit when using PayPal?

Unless the

casino has placed a deposit limit when using PayPal, you are only limited by the 🌞 amount

of funds in your PayPal account, or in your bank if it is linked to your PayPal via a

🌞 debit card.

Are there any drawbacks to using PayPal?

PayPal isn’t accepted everywhere,

and there are some countries where the service is 🌞 not available. In addition, PayPal

doesn’t provide as much privacy as other payment systems such as e-wallets.

Are there

any alternatives 🌞 to PayPal?

Yes, loads. Try Neteller or Skrill. These work slightly

differently from PayPal, but are accepted at many more casinos.

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