One of the most popular payment mechanisms online is PayPal. Since the company was bought by eBay, it has gone from strength to strength, and remains the most popular choice for online transactions after credit cards. It can be fiddly to use, but most people who use this payment method have got used to its idiosyncrasies- and it remains very popular and successful.
Convenient online. Saves you fiddling around with your cards
Secure – keep your banking details one step away from the merchant
Speed – fast depositing and withdrawing
Not all casinos accept Paypal – your choice is more limited
Not all bonus offers apply t0 Paypal deposits. Check the T’s and C’s on the bonus offer
Best Paypal Roulette Casinos
Not all casinos accept PayPal. They are pretty strict with who they work with, so it tends to be the bigger brands like bet365 and Betfred Casino.
Some background on Paypal
If you haven’t heard of this company, you are either new to the Internet, or you have been asleep for the past ten years!
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It was founded: December 1998 by Peter Thiel, Luke Nosek, Elon Musk, Ken Howery and Max Levchin: the so called “PayPal Mafia”, given that many of them have gone on to found other successful companies.
The eBay Connection
In October, 2002, PayPal was bought by eBay, and its corporate HQ is in San Jose, California. PayPal has been operating across the EU as a Luxembourg-based bank since 2007.
You can fund a Pay Pal account from a bank account or by a credit card. This gives users an extra layer of security when they are making purchases over the Internet. In 2003, PayPal voluntarily stopped working in the online gambling market. (at the time it was the largest payment processor for online gambling transactions).
In 2010, PayPal re-entered this market, but only in countries where online gambling is legal, and only for certain sites which are properly licensed to operate in those countries- hence our list above.
eBay spun off their payment business PayPal into a separate entity in 2014 and PayPal transfers have continued to grow online despite the increased competition from other operators. It is a online banking option of choice for many and used by millions around the world.
With over 200 million users, it´s a real heavyweight these days so it’s no surprise that PayPal is one of the most popular payments used at online casinos.