Paypal Online Casino Payment Method – Using Paypal for Online Gaming
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Paypal is a method used for online casino payments, online casino withdraws and online casino deposits.
PayPal is an electronic payment system operating from San Jose in California. It was founded in 1998, making it one of the earliest e-payments solutions. In 2002 PayPal was taken over by eBay.
Today PayPal is the global leader in the online payment industry. It has more than 164 million subscribers from 190 countries and operates in 17 currencies. It facilitates e-commerce by enabling payments across different countries and in different currencies. Over the years PayPal has received over 20 wards for excellence from the Internet community. In 2006 it won two awards for the best financial services site, namely the Webby Award and the Webby People ’s Voice Award.
Process
The first step is to create the PayPal account. If money is to be sent using a bank account or a credit card then a link has to be created by entering the bank account or credit card number. PayPal verifies this by debiting a small refundable amount.
In order to send money the player has to go to the casino and select PayPal as the payment option, which takes him to his PayPal account. If the player wants to send money using a credit card or a bank account he has to choose the appropriate link. It is not necessary to transfer funds in the PayPal account.
However if the player has funds in his PayPal account he can send funds from there.
Players can use PayPal to receive funds from the casino or other sources. Funds received from other PayPal accounts do not carry a charge. However funds received from bank accounts and from credit cards carry a fee of up to 5%.
Funds can be withdrawn from PayPal in a number of ways. PayPal can issue a check in the player’s local currency. A small fee is levied for this. In most cases PayPal can also transfer funds directly to the player’s bank account. If the amount exceeds the minimum limit then there is no charge.
Advantages
PayPal offers several advantages over conventional payment methods.
Sending money through PayPal is free.
PayPal is the most accepted international online payment option. Players can send payments in their currencies, which is automatically converted to the receivers’ currencies.
Opening a PayPal account is extremely simple and quick.
PayPal offers credit through its PayPal Buyer Credit scheme.
The biggest advantage with PayPal is security. PayPal enables payments to sellers without providing financial information, like credit card details, to them. Hence it prevents identity theft. In fact PayPal provides 100% protection against unauthorized payments.
Contact
PayPal has one of the most comprehensive help centers. The FAQs are divided into functional areas and cover all aspects of operations. There is an internal search engine that makes it easy to hunt out the answer to the query.
In the event the problem is not addressed PayPal recommends contact through e-mail. The responses are prompt and complete. What is best is that PayPal follows up their replies to ascertain whether their response was satisfactory or not. In emergency situations PayPal can be contacted over phone.
