Online casino players have long had a wide range of options when it comes to processing payments, ranging from traditional to more modern-day methods. Today, customers have an almost endless list of payment operators competing for their attention, all offering an efficient process of processing cash in and out of casino platforms. While the likes of VISA and Mastercard are still popular options for players, PayPal is perhaps now the biggest name in the industry in this area. PayPal have an established relationship with the Gambling Commission, meaning that they only work with licensed casinos.
PayPal is an e-wallet platform, with players being able to link their credit and debit cards for quick and easy transactions. Founded back in 1998, PayPal were able to make an impact within the casino industry quicker than most thanks to their relationship with the Gambling Commission, while they flat out refuse to process illegal payments. With recent research finding that nearly half of the British population had gambled within the last month prior to being surveyed, it comes as little surprise that PayPal has become so popular. 71% of participants had a positive view of PayPal, while only 2% had a negative standing. So, just what makes PayPal so good for online casino players? What are the best PayPal casinos?
PayPal is 100% free to use, while it also offers a hugely secure platform for players to take advantage of. At no point will any casino see your financial information, including both credit and debit card account numbers. PayPal is also extremely fast in terms of processing payments, which is true when it comes to both depositing funds and withdrawing winnings with your online casino. The majority of deposits are processed instantly, while withdrawals are often completed in just a matter of hours. Meanwhile, with PayPal now being associated with a huge number of casinos available to UK-based players, many now use the e-wallet as their sole payment method.
In terms of the security measures in which they have in place, PayPal store user data on systems that are not connected to the internet, while all transactions are fully encrypted and kept behind firewalls in a digital vault in which only they can gain access to. However, customers must still ensure that they play their part in ensuring that information is kept safe at all times, which can be achieved in part by maintaining that all software is up to date and not processing transactions using unsecure WiFi connections.
Elsewhere, PayPal has built an excellent reputation thanks to their fast transfers, with many taking just a matter of seconds. Having logged into their individual account, players will often see their cash appear in their casino kitty immediately. A good proportion of online casinos do not charge any additional fees when processing such transactions, however be sure to check with your casino beforehand. Instant cashouts are also readily available using PayPal, however this will depend on your casino’s individual processing times. PayPal is faster than any credit or debit card, along with the majority of other e-wallets.
So, be sure to consider using PayPal to fulfil your online casino payment needs if you have not already, with the positives certainly outweighing the negatives when it comes to this well-known e-wallet platform.