PayPal is one of the most popular and trusted online payment processors in the world. Established in 1998 as Cofinity, PayPal is a global online payment service that currently counts more than 360 million active users spread all over the world. Many PayPal users are online gamblers, taking advantage of the many benefits of PayPal when gambling or betting online. Online casinos that accept PayPal payments are typically safer and more reputable than those that don’t. PayPal also offers buyers some of the strongest buyer protection policies in the business, which can be helpful if something goes wrong with a purchase.
Read on to learn about some of the financial advantages of Paypal casinos.
PayPal – Highly Trustworthy Processor for Worldwide Payments
People from all parts of the world rely on PayPal as it is one of the most trusted and reputable online payment processors on the planet. The company has close to 25 years of experience in the industry. It is currently available in more than 200 markets and relies on advanced anti-fraud technology. Online shoppers and business owners can be fully confident that their money is safe when using PayPal for any licensed merchandise.
The robust payment processor also supports more than 100 different currencies, turning into one of the best choices for online buyers eager to use a variety of currencies for their online transactions.
Why PayPal Is Not Available At Online Casinos Located In Australia
While these benefits are available to online gamblers from many countries, there are some exceptions. It is a common misconception that PayPal casinos are available in all countries where PayPal is present, but this is not the case. Please keep in mind that PayPal has a distinct policy regarding online gambling transactions and does not accept payments for gambling in unregulated jurisdictions. The payment processor will only accept transactions from countries and jurisdictions where gambling is legal. This means that there are no PayPal casinos in Australia, one of the world’s largest gambling countries. Casinoshub explains the Interactive Gambling Act and why PayPal is not available to Australian online gamblers in great detail. To summarize, it is illegal to provide specific gambling services online to players who are physically present in the country. There are several offshore licensed operators located in PayPal-accepting jurisdictions that provide online wagering services in $AUS to the many Australians living abroad, and players at those casinos can still use PayPal.
PayPal Casinos Offer Special Bonuses and Promotions
In countries with PayPal casinos, players can often enjoy additional benefits above quick and safe transactions. The best PayPal casinos let players take advantage of a rich plethora of special bonuses and promotions while using PayPal as a banking method. They range from free spins or cash bonuses for players making a deposit using PayPal to cashback and other promotions exclusively dedicated to PayPal users. These bonuses can greatly improve players’ chances of winning at the casino, which is why they make an excellent argument to join PayPal casinos.
PayPal Is Quick and Extremely Convenient to Use
Making a new deposit or cashing out casino funds at a casino with PayPal is extremely convenient. These venues allow players to immediately complete their deposits and withdrawals with just a few clicks and minimum processing times. When making a payment with PayPal, players’ confidential personal and financial information is never shared with merchants and third parties that are not authorized to access it. Using PayPal at online casinos can also help players stay within their budget because they can easily track their spending at all times.
Players can use their credit cards or personal bank accounts to fund their PayPal accounts and see their money get almost instantly transferred to their accounts. From there on, making a deposit and collecting a welcome bonus or no deposit bonus with any casino that accepts PayPal only takes a few seconds. Opting for a different type of banking solution to make a deposit might prolong the processing and wait time up to a few days. This is not the case with PayPal casinos which are extremely quick with their transfers.
When in doubt, always talk to customer support and find out whether PayPal is an accepted banking method for withdrawals. Before your first withdrawal, you may be asked to verify your identity and customer support will inform you of what steps you still need to complete in order to have your withdrawal transferred quicker.
Zero Fees, Zero Hassle
Online casinos that accept Paypal do not normally charge any extra fees for making deposits or asking for withdrawals. Plus, casinos that offer Paypal also usually let players opt for other similar e-payment alternatives. This is why joining an online casino with PayPal is more advantageous than you might imagine.
PayPal is without a doubt the most popular payment method in the world. We’ve highlighted some of the many benefits of PayPal casinos in this article. Safety comes first, and PayPal Verified casinos use cutting-edge encryption technology to safeguard your financial information. Another appreciated advantage is that using PayPal for casino transactions can sometimes result in bonus rewards and other incentives from the casino itself. If you’re looking for a safe, convenient, and rewarding payment method, PayPal might be the right choice for you.