Brief History of PayPal

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It's hard to find those who have never heard about PayPal. It has long been used for many payments and a lot of money passes through it every day.

This system has been working since 1998 and supports about 24 different currencies from around the world. Already over 150 million people have chosen PayPal as one of their payment systems.

Why is this system so popular, you ask? Because they were the first of their kind. No one has ever created such a simple, convenient, and functional system. It is because of this that it so quickly won the trust of many users around the world. This also applies to online gamblers, for whom then there was not such a variety in the methods of depositing and withdrawing money to the card. At that time, it was the speed of processing transactions that was the main advantage of PayPal overall banks.

In some cases, it is much more convenient than a regular bank card. You can make a quick transfer at any time without additional checks and confirmations from the bank.

Many modern people use PayPal much more often than other payment systems.

Many online casinos have also started using PayPal as one of the available payment systems. You no longer need to enter any card data. If you already have a PayPal account, you should know how convenient it is to use it in online casinos that support it. You can instantly transfer your funds to your wallet on the site and back. If you don't have an account, it's very easy to create one.

How to Create a Wallet?

Creating a wallet is much easier than opening a bank account. For many, this is even easier than creating your cryptocurrency wallet. To create a wallet simply go to PayPal. Before you create your account on the site, be sure to check the access to the email that you want to use for registration. You need to make sure you remember the password for it. Try to log out of your mailbox and enter it again by yourself entering the password.

To register a wallet on the site, it will be tedious to provide personal information about yourself, it must be true. There are controversial cases when you will need to confirm any action with a photo of your documents.

Use a strong password for your account, do not forget it, and do not share it with anyone. You will also need to connect your bank account for payments. After all these steps, you will need to confirm your new account. The PayPal payment system will transfer the minimum amount to your account; a confirmation code will be attached in the transaction description. You will need to enter this code on the PayPal website in the appropriate section. After entering this code, you will see a message that your account has been successfully verified. You will be able to use all the advantages of this payment system. As you may have noticed, this registration procedure does not take much time. On the contrary, it can save you a huge amount of time in the future. Now you will spend much less time making each payment at your favorite online casino.

Now let's take a look at everything that this payment system gives you in an online casino.

Pros and Cons of PayPal

As we already said, this payment system has a huge number of advantages over its competitors. But there are also several disadvantages. Of course, the most important advantage of using PayPal on the sites of various online casinos is the speed of making transfers. No other bank payment system can match the speed of transactions with PayPal. You don't have to go through a bunch of confirmations to make a transfer.

It may seem to you that if there is no confirmation for transactions, these transfers are not very secure. But this is not the case. PayPal is one of the oldest payment systems. The company spends a lot of money and a lot of time on improving the security of each operation.

Prevalence is another of the great benefits of using this payment system. As we said at the beginning, it's hard to imagine even one modern person who hasn't heard of PayPal.

Mobility - you can top up your wallet on the site of your favorite online casino right on the go from your phone. This helps you to play from your phone, even if you only have access to Internet banking from your computer. All this is available thanks to a convenient mobile application that is available for all modern platforms. Of course, many modern banks also have applications in which you can conduct transactions with your money. But none of them differs in such a speed of processing each operation.

You don't have to worry about your personal information. The payment system gives its users guarantees that it will not transfer your data to anyone and will keep it completely safe.

Another advantage of such transfers to online casino sites is that these transactions will not appear in your account in any way. In simple words, your bank statement will not contain any mention of transfers to or from an online casino. There will only be informed about the transfer to your PayPal account.

If you like to play for large amounts, it will be important for you to know that when making such transfers you will not be charged a commission. Perhaps this is not so important for small amounts, but for large amounts, it is noticeable and plays an important plus.

Also, this payment system will be convenient for new players who are still playing for small amounts. PayPal allows you to make significantly smaller deposits. Casinos themselves set lower bounds to attract more players.

One of the main disadvantages of using this payment system is the withdrawal fees. Usually, it is 1.5% of the withdrawal amount. To attract customers, many online casinos pay this commission for their players, but this is not always the case. It is because of this that you should always carefully read the payment terms and conditions before performing this action.

Remember that deposits are often made instantly, but withdrawals can take up to 2 business days. Nevertheless, this is already less than in banks, in which some withdrawals can take up to 10 business days.

Always carefully make any transfers to and from online casino sites through this payment system, as it will be quite difficult for you to contact their online support. This fact could be attributed to disadvantages, but this is more of the reality of using this system. It has a lot of users and most of your emails will receive an automatic response generated by a robot.

Payment Security

Many online casino players worry about the safety of their funds and the safety of their personal information. If you tell a player in an online casino that he must transfer his documents or passport data somewhere, then he will interrogate you for a long time about where and why it needs to be transferred.

It is for such people who are afraid of their data that PayPal has created section F.A.Q on its website, which answers general questions and questions about the security of client accounts and money.

The service itself claims that it is reliable as it uses SSL encryption for all data it stores. These systems are constantly updated and supported by leading engineers in the field.

They also claim that when you make a payment on an unfamiliar website, there is no point in worrying about the bank card details that are linked to your account. They say this because this data is never transferred to the other side.

Moreover, if your account shows a positive history and you have no debts, you will have access to additional buyer's protection for any online payments.

At the same time, remember that even PayPal itself claims that they will not be able to influence the consequences of phishing in the early stages. This is in cases where you transfer the password to another person or provide him with any other data to gain access to your account and account.

Depositing and Withdrawing Features

Many players who have not yet used this payment system are probably wondering if there is a difference in depositing and withdrawing funds through PayPal from conventional methods. There are indeed differences, but they are insignificant.

For example, to deposit to your online casino website using PayPal, you need to go to the corresponding page of your casino. After that, go to the deposit section. There you will see PayPal as one of the deposit methods. Select it and enter your mail, which was linked to your PayPal account, select the amount you want to deposit.

These are all the actions that you need to perform on the site. Much faster, right? With the operations of withdrawing funds from the site, everything is about the same, only on the withdrawal page. As we said, the withdrawal of money can take up to two days.

You, as a player, will not pay any deposit fees. Very often the casino will pay commission and withdrawal fees for you. But remember that if you convert currency, the final amount on the account may change.

Conclusion

PayPal is a great system for making fast online payments. It is great that many online casinos are also joining in using it on their sites and applications.

It allows you to enjoy the game even more.

If you have never used this system before - you need to try it. As you can see, registration is quite simple and will not take much of your time. The main thing is to be attentive to every little thing that you indicate during registration, do not forget your passwords, and do not give them to anyone. The same goes for passwords in the online casino itself where you play.

Also, this system helps you avoid additional costs in the form of a commission when depositing and withdrawing funds from the casino.

If in s have doubts about the safety of the payment system it is - tell this by 150 million people. PayPal is constantly trying to show its users that this system is completely secure and accessible to everyone. That is why they have such unusual transaction checks when registering with the system.

Questions & Answers

  1. Can I create a PayPal wallet in someone else's name?

    No. PayPal has a large number of different checks and verifications. Some of them you don't even see, but they are. During one of these checks, the security service of the service or casino will find out about this and your account with your money may be blocked.

  2. Can I link 2 PayPal accounts to one casino account?

    No. You can only use one account in one online casino. The site simply will not let you link another account.

  3. Are online casino bonuses the same?

    Of course, you will by no means lose your bonuses if you choose PayPal instead of a bank card deposit. Many casinos even encourage their players to use PayPal. They give them an additional bonus when they deposit through this payment system.

  4. What is the maximum amount I can deposit on the site via PayPal?

    Partly it all depends on the online casino itself in which you play. All deposit and withdrawal limits are similar to the limits that are set for ordinary bank cards.