Revolutionise can be an overused word in many instances, but not for PayPal. After initially starting out as an exclusive payment method for eBay transactions, PayPal has emerged from the online marketplace’s shadow to become a global payment method in its own right. The sheer convenience and security of the method are two reasons why PayPal casino sites have become ever more prevalent in the past several years.
What Exactly is PayPal?
From the wider category of web-based payment methods, PayPal is described as an e-wallet. That term is used to denote the fact that PayPal is an intermediary between your bank account or credit card and the vendor you intend to pay. The purpose is to create a security shield that protects your transactions from the threat of cyber criminals.
How to Use PayPal at Casino Sites
Before going anywhere near an online casino, you will first need to create a PayPal account. Start off by visiting PayPal.com and working through the create-an-account process in just a few minutes.
At this stage of the process, you will need to link an external payment method to your account. This is simply to enable you to fund and withdraw funds from your PayPal account.
Your choice will be between a credit/debit card and your bank account. Either way is relatively straight-forward, but what you will have to do is complete the security process.
Quite simply, this will entail PayPal sending a micro quantity of currency to your account. That transaction will be tagged with a security code. View your next statement or check your online banking to obtain the code and then enter it in your PayPal account to complete the setup of your external funding source.
Now you are free to browse PayPal casinos to find a suitable prospect. After doing so, click to create a new account and provide the personal information required in the fields. You can then advance to cashier and get ready to make your first deposit.
The cashier will clearly indicate the range of deposits that are accepted. Select your amount and then proceed to payment methods. A PayPal casino will clearly list this payment method. Choose it from the options and you will be prompted to enter your login information. Simply follow the PayPal instructions to complete the time-saving transaction.
Pros and Cons
A shortage of pros is not an issue for this payment method. Although you need to devote several minutes to creating an account and linking a payment method, this is entirely worth it later on to make transactions that are seamless when compared to credit and debit cards.
PayPal enables you to enter your financial information once and then never have to enter it again, so long as it is with a vendor that accepts it as a payment method. You only have to progress through the payment process and signify that you wish to use PayPal. Only having to enter your login details is a pleasurable experience compared to entering your card details for the hundredth time.
On that note, it needs to be pointed out that it is not safe to constantly re-enter credit card details time and time again. Unfortunately, the web is not an entirely safe place. But what PayPal can give you is a digital shield that guards your transactions and eliminates the need for you to share your credit card details with web vendors.
The only minor con about PayPal is that you will find that Neteller and Skrill (and even the mobile casino pay by phone bill option) are perhaps slightly more accepted among online casinos. However, PayPal is more widely accepted across all global vendors, so it is, ultimately, more versatile.