Paypal Payments and Online Casino

(984 gamblers voted)

PayPal is an international payment system with which you can pay for purchases online. To date, PayPal operates in almost all countries of the world, calculations are made in 20 major world currencies. This approach provides the buyer with a higher level of security because the details are transferred not to a little-known store, but to an internationally recognized payment system and it already makes further calculations/transactions. Another advantage of using PayPal is that bank card information can be entered only once and then stored in the user profile. Thus, when making payments with a casino or a store on the Internet, it is no longer necessary to fill out the form. PayPal provides customers with additional guarantees. If the purchased goods are not delivered or it does not match the description posted on the Internet, it is possible to contact the system for a refund of the amount paid.

There are also advantages of using PayPal at an online casino. PayPal is one of the safest online banking options, as the US and European banking licenses imply the highest level of security. Payments are credited to the recipient's online casino account almost instantly and free of charge.

On the other hand, there are some drawbacks, such as the need to register an account at the PayPal website, which takes a bit of time. In addition, PayPal is not the most popular payment service in online casinos.

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Buyers are not charged commissions for goods or services. When receiving money, it is taken from the seller - depending on the total volume of transactions. At the same time, payments using PayPal have certain disadvantages, for example, you can mention the difficulties in obtaining chargeback using your bank (not all banks which issue a credit/debit cards can receive payments from PayPal back to the card, so your money can “stuck” at your PayPal account).

PayPal has a history since March 2000, when it was created as a result of the Confinity Inc. merger. Already in April of the same year, the number of transactions made exceeded 1 million, with the company mainly serving the auctions. It was not by chance that in 2002 it was bought out by eBay and since then has operated as its subsidiary.

Headquartered in the United States. The company is not a bank but has a license for financial activities in America.

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