Let’s be honest, the online casino industry is changing, as the days of the slow and steady way of doing things is undoubtedly coming to an end. The new era, which is in many ways the new golden age of gambling, is upon us and it is undoubtedly exciting. While the improvements being made in the game and software departments are well documented, other improvements are taking place that haven’t received quite as much attention. In the world of money management, one name rules the roost. PayPal is considered to be the leading name in the world of ewallets and has now made its long awaited arrival in the world of online casino gaming. Working with 25 currencies and in over 180 countries around the world, there is no denying that PayPal casinos are the future.
PayPal is a popular payment platform across the whole Internet, as it allows site members to make and receive payments without sharing credit and debit card information. All any user needs to share is an email address. PayPal made its initial wave in the ecommerce would when it was purchased by eBay. For years the ewallet system stood alone and while other ewallet formats have launched since, PayPal still holds onto to its number one position. Holding a bigger presence than rivals Neteller and Skrill, it is no surprise to see the online casino industry adopt PayPal as a payment platform.
While PayPal has definitely found a place within the online casino landscape, it must be said that due to agreements elsewhere it still doesn’t have an industry wide presence. But as a player there is advantage to found within this widespread adoption. It actually works as a way of telling how reputable, reliable, and forward thinking an online casino is. Personally, I feel that the online casinos that accept PayPal are generally safer and more secure. Reason being that PayPal enforces strict regulation when it comes to online shopping, along with providing operation guides, with the same applying to the online casinos they choose to work with. Banning is a notable feature within PayPal, with those who consistently get complained about losing account partnerships and you can be sure that low-rep casinos won’t last long should they start causing issue with PayPal users.
Speaking of regulation, PayPal hangs its hat on how it works alongside the businesses it partners with, along with how they work to protect consumers too. This in itself helps separate PayPal from all the other ewallet options that are available. PayPal openly states that it only works with online casinos that have a license from the same country that the predominate amount of players come from. For example, a UK based PayPal user will be allowed to deposit at a UK licensed online casino, while a Nigeria based player may not. Where gambling licenses from European nations are expensive, those issued in Costa Rica are free. By working within such rules, PayPal is selective with who they work with and tend to bypass online casinos that try to sidestep traditional licensing regulations. PayPal protect themselves through such way of thinking, but also protect players as well.
Getting started with PayPal couldn’t be easier. All you need to do is have an email address, along with a credit card, debit card, or bank account. Logon to www.paypal.co.uk and select the sign-up button. From there you can go step-by-step through the registration process, inputting all required information and that’s it, following conformation you will be up and running. Looking at the relationship between PayPal and online casinos, it may not be as clean cut as it may seem. What does need explaining is the different types of relationships on show. Some online casinos will be strictly deposit or withdrawal only with regards to PayPal, while others will offer you the complete money management service. Why some online casinos limit how players can use PayPal is currently unknown, but it does bear thinking about when making a selection from a list of PayPal casinos.
After finding one or more online casinos that accept PayPal you need bear in mind the conditions related to using such. First or all, not all countries are applicable for PayPal deposits so if you don’t live in Sweden, Germany, Spain, Austria, Denmark Finland, Portugal, Italy, Ireland, or the UK you may find that you’re out of luck. While if you are lucky enough to be able to use PayPal casinos where you live you should be aware that you are likely to face a minimum deposit level that will feature anywhere between £5 and £25. On the plus side, online casinos that do offer PayPal use often promote such to players through exclusive bonuses. For example, Playtech backed online casinos offer players a 15% bonus (instead of the usual 10%) to players who opt to use PayPal. However, some online casinos (like Betfair for example) actually charge a deposit fee to a PayPal user, which usually falls between 1% and 3%. The implications of using PayPal are a mixed bag, so the above definitely bears thinking about.
After deciding that joining one of the many PayPal casinos is right for you, you will need to find a reputable provider. At time of writing there are three main software providers who specialise in providing PayPal casinos. These are Real Time Gaming (RTG), Micogaming, and Playetch. RTG run an online casino portfolio that includes SlotsPlus, Grande Vegas Casino, Intertops Casino, and Slots of Vegas. While some RTG online casinos accept PayPal, such information isn’t openly shown and it can be a little hard to figure out. Microgaming and Playtech operate in a similar fashion to RTG, except they publicly show which of their casinos do and don’t accept PayPal before you complete the registration process. It should also be noted that casinos that accept PayPal often have a minimum deposit amount in place.
There was always going to be a time when the online casino industry would move on from old-fashioned and traditional money management methods. PayPal casinos represent that time and speaking for players everywhere, I’m sure it is a step-forward that many consider to be long overdue.