PayPal was originally founded in 2000 and was then bought by eBay in 2002. PayPal is basically a payment processor that allows payments and money transfers to be made online. Once you open a PayPal account, you can fund it using your debit or credit card. In order to withdraw, you can request a cheque or back to the card you’ve assigned to your account.
PayPal is very simple to use and today is one of the most popular payment processors around. Over 230 million people havea PayPal account which is an astonishing number. Saying this, not all online casinos offer the payment method to their customers. A reason for this is that PayPal’s parent company, eBay, is well known for being strict when it comes to online gambling.
PayPal only works with the very best online casinos around whilst other payment providers will work with everyone basically. This makes them stand out to an extent. So if you see an online casino that offers PayPal, there is a sure sign that they are reputable and have been scrutinized intensely in order to offer the popular payment method.
So why should you use PayPal? The advantages are plentiful. You can use PayPal at many places online including eBay obviously, shopping site ASOS and Boots. You can also purchase airline tickets on British Airways for example. There are over 300 merchants where you can shop at so you won’t be short of places where you can use it.
The biggest advantage of using PayPal is keeping your bank details completely secure and safe. If you register and use PayPal, you can then enter your PayPal account details on the various online casinos you play at (and other locations such as eBay or ASOS for example). There is no need to enter your credit or debit card details. Another huge advantage is if you change your debit or credit card for any reason. All you will need to do is login to PayPal and update only there – you won’t need to re-enter the changes everywhere else.
So if you don’t want online merchants (or casinos in this case) to ever have access to your bank details, PayPal is the way to go. PayPal cuts out the middleman so to speak and deals directs with the chosen online casino. In terms of security, PayPal uses the most secure systems to protect your details. They use Secure Sockets Layer 3.0 (SSL) or higher and encrypt a key length of 168 bits (the best available). All your details are not connected to the internet so there is no risk. They also keep a full record of your transactions and inform you every time one is made so it’s easy to keep on top of your actions and budget appropriately.
Overall, PayPal is a payment provider that keeps your details private from places where you shop online (like casinos). The advantages are highlighted above and the appeal is that you can use for much more than just online casinos. Instead of entering your details at various places, you keep them all at PayPal. In terms of fees, some casinos charge fees for using PayPal and some don’t. Casino Manual highly recommends you use PayPal at bet365 casino or at 32Red casino as they offer no fees whatsoever and have quick cashout times.
If PayPal isn’t your thing, there are many other banking methods you could choose. Go back to the Banking Guide section for a wealth of secure and suitable options.