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PayPal is one of the most recognised online payment providers available. Paypal allows for the purchasing of items from online merchants and the transferring of funds to other Paypal account holders as well as online casinos.
PayPal works as a web wallet and it allows you to upload or receive funds from other account holders and carry our various online transactions.
PayPal is a favoured service for businesses that operate in an e-commerce environment, as it is affordable and easy to use.
From an individual account holder’s perspective, it offers an easy, safe and cost effective way to do business online, whether that is purchasing goods, withdrawing funds or making deposits with an online casino.
As a service, they are known as one of the most popular and most used worldwide online payment systems, accepted by millions of sites worldwide.
Do many online casinos accept PayPal for deposits?
Unfortunately, the amount of online casinos that provide PayPal as a depositing option is very limited and this is due to Paypal electing to leave this segment of the market a number of years ago.
It’s possible though to play free Canadian casino slots without the need to deposit funds at a casino. Examples of the types of games that can be played for free and for fun can be found at Slotathon.com.
However, due to recent changes, casinos in some geographical jurisdictions have begun to accept Paypal deposits/withdrawals due to the company entering limited, regulated markets once again.
However, the table at the top of this page provides information on the best Paypal casinos currently accepting players from Spain.
One reason you will find a limited number of casinos with PayPal is due to the fees.
The costs charged by PayPal are applied to the recipient’s account, not the player’s account.
While it may be the cost of doing business, fees can add up and impact on a casino’s profitability. Those Live casinos that accept PayPal tend to be more established, therefore allowing them the ability to absorb those costs.
Benefits of Using PayPal for casino transactions
PayPal has been online since the lates 1990’s, thus making them the most recognised online payment method available.
The company is well established and has obtained a European banking license.
This is important as it ensures the company follows all banking rules and regulations and provides a higher level of integrity to users of the PayPal service.
The company is also one of the few banking services that are available worldwide, allowing you to purchase services and goods from any merchant that accepts PayPal.
This means that people can trust that funds sent from one account will be instantly received and applied to another account balance. For small business, this is an important aspect of their daily business operations.
PayPal offers its service via an easy to access mobile app. The mobile app can be used to fund your account directly from your bank, making it a quick and easy payment solution.
That same confidence is experienced by non-business account holders as it affords them the same level of service, both with incoming payments as well as outgoing.
Security is another advantage when using PayPal. They employ strict protocols towards all account holders and act swiftly in the event of any possible fraud detection in order to protect account balances as well as the company itself.
As mentioned, PayPal was founded in 1998 as an online payment provider offering payment solution for individual account holders as well as business account holders. It revolutionized the way merchants conducted business online. PayPal was purchased by eBay and has since grown exponentially.
The future of PayPal is sure to remain bright and user friendly as they continue to release new products and options for users.
In the world of e-commerce, everything seems to be moving at a rapid pace. Changes always seem to be on the horizon, and that does not simply relate just to PayPal as a company but to online sales of goods, products and gaming in a broader perspective.
PayPal continues to see growth, as more people understand its benefits. It offers a fast, simple way of processing payments from one country to another and from one currency to another.
PayPal provides a safe environment to facilitate payments, permits business owners to manage payments, create invoices and a multitude of other business-oriented services.
Services like PayPal have become a successful as they offer a fast and secure payment option that allows for discreet purchase online without the risk of personal details being shared unless authorized by the user.