PayPal is probably the world's best-known online financial service provider, which allows its customers to make payments digitally. All that is needed for this is a personal and free account with PayPal (PYPL), whose headquarters have always been in San Jose, California.
Until its spin-off in mid-2015, PayPal was originally a subsidiary of the auction platform eBay. Since then, PayPal has developed into the number one online financial services provider - all over the world. Currently, around 200 million private individuals are said to use PayPal regularly to make deposits online.
However, how and where payments can be made with PayPal on the Internet does not depend solely on online stores, service providers or online casinos. Because in order to be allowed to offer payments via PayPal, companies have to undergo a standardized and strict test procedure. Only after successful testing and legitimization as a reputable company is it allowed to officially call itself a store or PayPal online casino.
What advantages does PayPal offer its customers?
Those who use PayPal to transfer money have a lot of advantages on their side. The most important point is that the payment service is completely free of charge for private customers. If, for example, money is transferred to a PayPal online casino or winnings are transferred from the online casino to the PayPal account and from there again to the checking account, all these money transfer services do not cost any fees.
But there are of course many other advantages, which are found in particular in the not insignificant points of flexibility and security. In particular, the fact that PayPal is also available as an app and is offered by numerous online companies, service providers and, of course, gambling providers, makes PayPal practically an unrestricted payment method.
To ensure that your personal data and credit is always protected, PayPal uses secure encryption techniques and has impeccable data protection provisions integrated into its T&Cs, so that you as a customer are secured at all times. All advantages summarized again:
- Free returns: If there are ever any problems with PayPal after a purchase, you can use the free returns service. PayPal refunds the costs of up to 25 euros when the return offer is activated.
- Data protection: The latest encryption techniques are used by PayPal and guarantee that strangers do not gain access or insight into personal financial information. In addition, the payment service provider guarantees that customer data is never sold to third parties.
- User-friendliness: With its own PayPal app, the Californian company offers a kind of online banking application of its own. After logging in, customers are given access to their personal PayPal account. Here, personal information can be changed, money can be sent and requested, or a look at the history of personal financial transactions can be taken.
What is PayPal buyer protection?
A special position among the PayPal advantages takes without doubt the PayPal buyer protection. As a consumer or private customer, it is possible to activate PayPal Buyer Protection at no extra cost if you suspect that you have become a victim of fraud.
Important to know: For payments to PayPal online casinos, the buyer protection was unfortunately canceled in November 2016! Whether PayPal will reactivate its buyer protection in the future for deposits related to gambling cannot be said at this time.
Online casinos with PayPal: the current legal situation
The best online casinos with PayPal are of course very popular for the above mentioned reasons, with fast deposits being particularly decisive. With virtually no delays, payments to online casinos can be converted in this way and thus, for example, dust off the bonus and increase the personal balance by a nice amount and free spins in a short period of time. In this way, players can start playing slot machines or live casinos without delay. After the recent ban on the use of PayPal in online casinos, few casinos can still offer this method of deposit and withdrawal. But every day there are more and more reliable casinos with PayPal.
Also, there are always exceptions to the rules, and even when PayPal was not used at all in online casinos there was a way to use this method of payment. The PayPal ban only applied to pure online casino providers, not to sports betting providers.
And since many online betting providers now also have games such as poker, live roulette or slots in their portfolio and also offer PayPal as a payment method, online casinos with PayPal exist, but not all of them can still be used nowadays.
That's how quickly your own PayPal account is set up
More videos about how PayPal works can be found on the official youtube channel.
Your advantages in online casinos with PayPal
In a PayPal online casino, which is one of the best, you will find an excellent bonus offer with many free spins games in abundance. This includes slots and jackpots slots as well as a live casino area and classic games at digital tables. Especially the big names in the industry offer their games: Microgaming, NetEnt, Playtech, Yggdrasil and Evolution Gaming are to be mentioned here. Of course, only such a casino that has a valid license comes into question for a serious test. The best casinos with PayPal can look back on years of experience with players from all around the world. These are happy about the already mentioned advantages of PayPal such as depositing or withdrawing without fees.
PayPal: Alternatives to the payment service provider
Since the recent ban on online casino payments only applied to PayPal, it is still quite possible to make payments to online casinos nowadays - and it can be just as quick and easy as with PayPal. Because even if there aren't many online casinos with pure PayPal at the moment, you can find very good alternatives here and there.
Because, of course, PayPal was and is not the only online payment service provider capable of extremely fast and reliable digital deposits. The first alternatives to PayPal include: Skrill and SOFORT. So that you don't have to resort to a credit card, the most important alternatives to PayPal are briefly presented.
Skrill: make payments quickly and anonymously
Some of you may have already heard of Skrill. Perhaps you have already been able to deposit or even withdraw money this way, because in many PayPal online casinos you can find Skrill among the payment options. If you take a closer look, both payment methods offer immense advantages.
Because when a deposit is made via Skrill, no entries appear on the personal account statements, from which it is evident that a payment was made to an online casino. It is therefore not possible to see whether the player has tried his luck at slot machines. This can play a role especially when a bank scrutinizes one's creditworthiness, for example when applying for a loan.
Because usually banks evaluate regular deposits and withdrawals to and from an online casino negatively. But if you deposit with PayPal or Skrill, you don't have to worry about that. Because the player has an online account on which credit must be available, only neutral debits from Skrill appear on the account statements, which do not allow any conclusion about which recipient a payment really had in the end.
- First alternative to PayPal for casino players
- Deposit and booking implemented in a few seconds
- Simple administration via an online account
- Payee cannot be identified on bank statements
SOFORT: simple & instant transfers from your bank account
The second good alternative to PayPal is certainly SOFORT. And with this payment service provider, the name says it all. With SOFORT, just like with the e-wallets PayPal and Skrill, transfers land in real time with the payee. So where exactly is the difference to the e-wallet providers?
With SOFORT there is no online account. Instead, payments are made through this financial service provider by granting this provider access to personal online banking. This may not be appealing for security reasons, but SOFORT is considered a reputable payment method and uses personal data exclusively to process an authorized payment.
In the end, SOFORT even offers an advantage that even PayPal and Skrill cannot show. For a payout of winnings in the online casino it usually takes only one business day until the payment is credited to the personal bank account. This simply has to do with the fact that with SOFORT no online account is interposed, as is the case with Skrill or PayPal.
- Deposits in real time
- Payments via online banking, no e-wallet
- Payouts credited within one business day
Choose the best casino with the payment system that suits you and take your winnings.
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