Over time, more and more secure online payment methods have sprung up that enable online casino fans to make both deposits and withdrawals.
Of all these methods available, one of the most popular is PayPal, and although its popularity has waned a little as it does not allow players from nations with unregulated online gaming industries to facilitate online casino transactions, it is one of the world’s most trusted payment methods.
The PayPal online transaction service is brought to you by PayPal, a company that was founded in 1998 and has its headquarters in San Jose, California. With more than 125 million active accounts across 190 markets, PayPal is by far the most popular online payment service worldwide, transacting in more than 25 different currencies.
Earlier, it was also the most sought after online payment method for deposits and withdrawals at online casinos. In recent times, that popularity has dropped off with the service disallowing players from specific countries to use it for online gambling transactions. It was acquired by eBay in 2002.
countries and territories supported by paypal
PayPal is accepted across 190 markets and has 125 million active accounts. However, it does not allow players from specific countries to use it for online casino transactions. The following are some of the countries supported by PayPal for online casino transactions:
- Bosnia & Herzegovina
- Czech Republic
- United Kingdom
- United States of America
how does paypal work?
You can use PayPal to fund your online casino account and also withdraw money from it through a credit card, debit card, or a bank transfer. Conducting online casino transactions using PayPal is quite simple
However, you first need to have a PayPal account to use it to deposit money into your casino account or withdraw from it. You can create a PayPal account directly at the PayPal website and add your credit card/debit card or bank account number to your account. You then need to fund your PayPal account using funds from the credit card or your bank account.
To deposit money into your casino account, click PayPal from the list of transaction methods listed in the casino’s banking section and enter the amount you want to deposit. You will be taken to the online interface of PayPal, where you log into your account, provide the necessary validation and authentication information to authorize the transaction, and click the appropriate link to complete the transaction.
Your funds will then be transferred into your casino account. You can follow the same procedure to withdraw funds from your account as well using this method. However, a withdrawal will likely take a little longer than deposit for your funds to clear.