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Special: PayPal's Comeback to iGamingPublished September 24, 2015 by Florin P
PayPal is among the most favored online casino payment methods due to its simplicity, privacy and availability. It has recently made a comeback of sorts to online gambling, with wider availability in Europe and an opening in the tough US market as well.
It has been a while since PayPal was accepted for transactions that involved online gambling, but some users still remember the good old times. This payment method has the advantage of performing money transfers instantly, with the only delays being the result of online casinos enforcing additional security protocols.
PayPal emerged as a financial instrument suitable for all sorts of transactions involving companies as well as regular people. One of its best-selling points is that users are not required to share sensitive financial details, which mitigate the risks of fraud and identity theft. It is also much appreciated by those who want to fly below the radar and cherish privacy as much as convenience.
A Bittersweet Affair with Online Casinos
The gambling industry was quick to pick up on the vibes and the popularity of PayPal prompted them to add this financial instrument among their accepted payment methods. For many years it was the go-to electronic wallet for gamblers, until prohibitive legislation and eBay’s policy made it impossible for online casinos to accept deposits via PayPal.
Recently things took a turn for the better and many European casinos have already embraced this payment method, much to the delight of their users. Withdrawals usually take less than 24 hours, which is significantly faster than the waiting time required by both credit cards and wire transfers. It also meets the demands of online casinos which require players to use the same financial instrument to deposit and withdraw money.
A Triumphant Return to US Soil
The wind of change is also blowing on the other side of the Atlantic, where several states have made online gambling legal. For the time being, it is only possible to play casino games and poker over the Internet in Nevada, Delaware and New Jersey. As more states are contemplating the possibility of following suit and even establish interstate compacts, the gaming community is expected to grow fast.
It is only natural for casinos to make the most convenient payment methods available and PayPal is one of the obvious choices. Anyone can set up an account for free and once they validate their address and credit card, gamblers can start depositing funds to online casino without paying any commission.
Online Casinos That Accept PayPal
The most respectable gambling operators are allowing customers to fund their accounts and cash out their profits using PayPal. Players are already familiar with this payment method which has been around since 1998, offers unmatched security, convenience and an outstanding customer support.
Bet365 Casino, All Slots, Winner Casino, William Hill Casino and EU Casino are some of the top PayPal online casinos and they represent just the tip of the iceberg. Caesars Interactive Entertainment is the first gaming operator licensed in the United States to add PayPal on the list of accepted payment methods. As more casinos in the three American states where Internet gambling is legal start expanding their customer base, PayPal has the potential of becoming once again the most popular payment methods for online gambling.