Paypal Roulette : listing the pros and cons of this payment method for roulette players, and the top casinos and games to play.
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. In 2015, the company was spun off to eBay’s shareholders.
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.
PayPal : Pros and Cons for Roulette Players
Convenient online. Saves you fiddling around with your cards
Secure – keep your banking details one step away from the merchant – creates a “buffer”
Speed – fast depositing and withdrawing
Probably the biggest brand in online payments – very familiar to most
Not all casinos accept Paypal – your choice is more limited
Not all bonus offers apply to Paypal deposits. Check the T’s and C’s on the bonus offers
Paypal only works with casinos in highly regulated markets like the UK. That’s also a Pro of course, if you are in the UK.
Play Roulette with PayPal
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 Betfair Casino.
Safe and Secure
One of the reasons why the casino choice is limited when you are depositing and withdrawing with Paypal is that they are pretty strict who they work with.
That has its advantages as a player, as it means you are covered by several safety and security measures including Buyer Protection, Fraud Protection and advanced data encryption.
Paypal Roulette at Wombat Casino
1. If you are using Paypal to play roulette, you are likely already playing at a safer casino, as Paypal does not work with everyone. Use your credit card rather than your debit card to fund your Paypal account. That way, if there is a dispute, you can take it up with the credit card supplier as well.
2. Also, make sure you activate 2 factor authorisation to secure your account and use the same email as the one you use at your casino account. This will make it easier for you to withdraw funds.
3. Another good reason for using Paypal for roulette, is that it makes it easier to track your spend. Download the app, and you will quickly see how much you are spending. Set yourself limits, and play responsibly. If the fun stops, stop, and only play with money you can afford to lose.
4. If you do win, bank some profits, and withdraw the funds. It should be easy once you have registered all of the documentation you need to for the KYC requirements (Know Your Customer). Do the paperwork first.
PayPal won’t work with companies that have a bad reputation, so you can be safe in the knowledge that they will only list ethical roulette providers.
Their Account Protection feature means that you won’t be liable if someone accesses your account illegally or makes unauthorized purchases.
You buy casino chips without giving your card details to the casino. It’s been around for a long time, and still ranks as one of the best payment companies, although they could do with improving the usability of the site – it is not always that clear.
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 2015 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.
Safe and Secure
Nothing is 100% secure of course, but PayPal comes close: players are are covered by a number of safety and security measures including Buyer Protection, Fraud Protection and advanced data encryption measures. PayPal won’t work with companies that have a bad reputation, so less reputable casinos never make the cut, or if they do, they don’t stay authorised for long.
The Account Protection feature, covers unauthorized purchases and identity theft, giving you protection against someone hacking into your account (difficult if you set up 2 Factor Authentication) and making unauthorized transactions.