It has not always
been possible to play online with PayPal, which makes PayPal casinos and PayPal
sports betting myths and legends (not to mention scams). However, times have
changed and PayPal is now one of the most used deposit and withdrawal options
in most of the major online betting sites. But what caused this change, how did
PayPal grow and why is this web wallet so popular among online players around
See the main online betting sites that accept PayPal below:
PayPal and Online Betting: The Story
Online bets with PayPal were not always possible. In fact, at first they were restricted and anyone caught breaking those restrictions could be banned from using the service. These problems stemmed from the fact that PayPal is based in the USA. They have never looked very carefully at online gambling. There was also concern that PayPal betting sites and PayPal players were using the money-laundering service. This changed when services like Skrill and Neteller began allowing payments for online gambling. They saw a gap in the market and exploited it to the fullest. They made a great deal of money thanks to the gaming industry and were able to compete with PayPal in terms of size, wealth and scope
At that time, PayPal decided that a change was needed. They removed those restrictions and began allowing online gambling sites to use their service as a deposit and withdrawal method. Once this happened, PayPal separated from the others once more and became the financial giant it is today
There are a number of positive aspects
The first one is to be able to use PayPal as a bankroll. This is important for professional players who play in most casinos with real money, and for those struggling with gambling addiction. Simply put, it allows them to use their PayPal account to manage their profits and losses, which limits any obligation they have to add more money when they are on a losing streak and allows them to keep track of every penny that goes in and out.
This is not only beneficial for a site or a platform but also useful for all online gaming sites and activities. For example, you can make a single transfer from your bank to your PayPal account and then use this to bet on a single online betting site. If they win, then they can move money to another site, and another, and another. They can even use their winners to buy gifts, clothes, food and more.
Why Bet Online with PayPal: Pros and Cons
- Bankroll: As mentioned earlier, PayPal is a great tool for financing.
- Security: If you are worried about using your card details on new sites, simply use PayPal. Do not fear for safety here
. Speed: A debt card and a credit card can take 5 days to process a withdrawal, just like many other payment methods, but PayPal withdrawals can be processed in minutes.
- Accessibility: there are a lot of sites that accept PayPal, and can even be used on shopping sites and to send money to friends and family.
- Fees: There are some fees associated with PayPal withdrawals. They are not always charged, but they can be charged. You must be sure to check in advance so as not to have unpleasant surprises.
- Slow customer service: PayPal support has improved a lot over the years, but it can still be difficult to find help when you need it
Will I have to pay Fees?
There may be fees, but they are rarely charged. Generally, fees are only charged when paying for goods or services, in which case the person receiving the money will pay them. If you receive money from a betting site, it is often processed as a different type of payment, and there are no charges related to these payments.
PayPal is actually one of the cheapest methods since options such as bank transfers, credit cards and others usually incur fees.
Are you now ready to play on PayPal casinos? Here are the top PayPal slots sites you better deal with!