Paypal Casinos 2017
PayPal is one of the most instantly recognized brands in the world. It is the largest online payment provider and in some countries it is used more than debit cards and credit cards. That’s not the case here in Canada, but PayPal is still hugely popular.
So, why is that, what can PayPal offer an online gambler and what casinos accept it?
PayPal and Online Gambling
You may remember a time when you couldn’t use PayPal to gamble online. This wasn’t actually that long ago. But because of the way this industry has changed over the last few years, it feels like an age.
In those days, there were many restrictions on PayPal. It was the Western Union of the 2000s, the place to launder your stolen money. Scammers used it to generate small fortunes anonymously, and rather than verifying their account, they would look to spend it on high-priced goods. Gambling was therefore the perfect outlet for them. They could deposit their ill-gotten gains, make a few small bets and then withdraw to a bank account.
That way they would get the money in their bank account without their PayPal account— and all that stolen cash—being linked to them. That’s one of the reasons PayPal placed so many restrictions on their service, and it’s why they neglected this industry for so long.
But while they were turning a blind eye to it, Neteller and Skrill were making millions. These companies began small, and then exploded purely because of the online gambling industry. When they began rivaling PayPal in size, PayPal realized that something needed to be done.
So, they changed things, they completed an overhaul of their system and they took their own slice of the gambling pie. These days, PayPal is available on most gambling sites. But because of those old scams and that previous reputation, many gamblers refuse to use it.
The Benefits of PayPal
PayPal like to talk about their security and their safety. But let’s be honest, this is the 21st century, and most, if not all payment methods are secure. PayPal does offer chargebacks, and again, this is something they like to shout from the rooftops. But it’s something you can also get with a credit card and even with a bank transfer, and quite frankly, even if you’re in the right, it’s not an easy thing to initiate.
So, now that we’ve finished knocking their claims, let’s focus on the things that PayPal is good for:
* Bankrolling: All professional gamblers and regular gamblers have a bankroll. This is an amount that they can afford to lose, one that they will only add to with their winnings and not with extra cash from their bank. This is usually a figurative amount, but with PayPal you can make it a literal one. Just load your bankroll there and use it as you see fit. You can even use the winnings to shop directly on your favorite online stores.
* Accessibility: PayPal is the second most common web wallet on online casinos, with Skrill ahead of it. As a result, it is fairly easy to find an online casino that accepts PayPal, just as it is easy to find a shopping site that uses it.
* Speed: PayPal is incredibly quick. There is no need to wait 5 days like you do with a credit card or a bank transfer. It is just as quick as the many Instant Banking features we have discussed on this site, and it is just as easy. In most cases you can have your money within minutes of requesting a withdrawal. In fact, the only delays in this case are with the casinos themselves.
The Best PayPal Casinos
Most online casinos accept PayPal. But there are still a number of them that do not. When it comes to countries where gambling is restricted, you won’t find PayPal. Such is the case with casinos and sports books in the United States. That’s because PayPal just won’t allow it, and because they would close down those accounts and soon as they realized what was going on.
Your best bet is to focus on sites based in Europe. Some of these prefer Skrill and Neteller. But casinos like those owned by the Digimedia group—including Royal Vegas and Platinum Play—don’t pick and choose. They offer each and every major payment method, including a number of niche ones.
All payments are processed quickly here, and if speed is important, it doesn’t come much better than PayPal.