Home Business Insights & Advice The gambling industry and Paypal – making payments processing easier?

The gambling industry and Paypal – making payments processing easier?

by John Saunders
25th Nov 18 12:58 pm

Online gambling is a thriving global enterprise. However, various challenges remain – notably the safety and security of players vis-à-vis payment processing information and player identity protection. To guard against these security threats, online casinos across the UK and continental Europe have been moving towards safer methods of money transfers, notably credit cards, debit cards, e-Wallets, and bank wire transfers.

The inclusion of secure payments processing options is an important part of the process. Real money online casino gaming is only possible if the payment processing options are secure, reliable, and efficient. As one of the world’s leading providers of deposit/withdrawal services, PayPal has quickly assumed the mantle as the ranking payment processing solution. PayPal casinos have a sterling reputation with players, and for good reason.

There are many stellar examples of world-class PayPal casinos, not least of which is LeoVegas. Other ranking online casino operators include the likes of SuperCasino, William Hill Casino, Mr Green, and Ladbrokes. Together, these established brands dominate the online gaming scene. Many of the top-tier PayPal Canada casinos also offer a wide selection of bonuses and promotional offers for players. These include a range of welcome deposit bonuses, re-deposit bonuses, daily deals, multi-deposit bonuses and the like.

While slots are the dominant game variety, other game options are readily available such as casino card games, casino table games, instant win games and the like. Many of the ranking PayPal casinos are also associated with full licensing and regulation – another feather in their cap. It is important for players to read the terms and conditions of all offers before depositing at an online casino. PayPal casinos are known to be excellent providers of customer support and service, exciting online casino games, and an enjoyable overall experience.

Making the Case for PayPal Casinos

www.scams.info has conducted extensive reviews of PayPal casinos and the evidence suggests that more players trust PayPal over other payment options. PayPal has an established reputation as a secure payment method. It is widely used for deposit and withdrawal purposes the world over. PayPal casinos are generally regarded as secure, but it is incumbent upon players to conduct the necessary research to ensure that the terms and conditions of play are favourable, and that the game selection meets expectations. PayPal adds fees to deposits and withdrawals, and players will want to be aware of these elements before registering and playing for real money.

Thanks to secure socket layer (SSL) encryption, PayPal is safe and all transactions are secured. PayPal’s reputation is built on its relationships with its clientele. It does not partner with shady operators, since this would adversely affect its business. With PayPal, it is not necessary to provide banking details to the online casino – all of that information is protected in the secure PayPal account. Information like credit cards, bank account numbers, ID documents, and the like are secured in the PayPal ‘vault’, and they do not get shared with other organisations.

Players will want to know a thing or two about the fees levied by PayPal. There are transactions fees with this payment processing method, and some of them are markedly higher than traditional online money transfer services. The flipside of the coin is that PayPal has an established reputation and is internationally revered. Believe it or not, in many cases the casino is responsible for the payment of PayPal fees.

On the rare occasion, players will be saddled with fees when transacting through PayPal and a reputable online casino. Before getting started, it’s always a good idea to read the terms and conditions of the online casino in question to ensure that no fees, or minimal fees are added to PayPal transactions. Since PayPal is available for deposits and withdrawals, it can be selected as the default payment processing method at casinos. Players simply need to enter their PayPal credentials from the cashier at the casino, after having created an account for this e-wallet provider.

PayPal deposits and withdrawals are safe and secure and once withdrawals are processed, they can take up to 3 business days to clear. Fortunately, PayPal is efficient and there are little, if any delays in the processing of payments to and fro. Additional safeguards such as ID verification may be required when larger transactions are being processed. This is not intended to annoy players; it is an additional safeguard designed to secure transactions and player accounts. Any online casino needs to be verified safe and secure. While PayPal has strong brand awareness among players, the casino still needs to be checked for full licensing and regulation.

Please play responsibly. For more information and advice visit www.begambleaware.org

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