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When you hear about the e-commerce business PayPal, you probably don’t immediately think about online casinos. People who take place in electronic commerce in general probably think about eBay, which has owned PayPal for the past 10 years. In fact, Paypal is pushed so heavily by the Internet auction site that anyone who uses Ebay probably considers the two companies as synonymous.
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PayPal does a lot more than online auctions. Paypal has become the default electronic money payment option for millions of consumers, because the company is trusted enough to connect it directly to their bank account. While e-wallet and other online commerce sites might challenge (or exceed) PayPal outside North America, Paypal is the unrivaled champion among electronic finance services in the United States. That’s probably where the disconnect between Paypal and online gambling happens.
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Paypal Accepted Casinos Deposits and Withdrawals
Online casino players just about anywhere can use credit cards and debit cards like Visa and Mastercard. Players that choose European casinos online have e-wallet options for payment like Neteller and Skrill-Moneybookers. In fact, players throughout the world have plenty of web wallet services, often associated with their local country. So you have plenty of choices if you can’t or don’t want to use Paypal for your gambling transactions.
At the same time, you’ll find few payment methods which are quicker, more convenient, and safer than PayPal casinos. You shouldn’t overlook the advantage of having 100% assurance against unauthorized payments. I’ve used Paypal on eBay before and been told that a seller had been red-flagged since I bought their goods and I would have cash back on any purchases I made under $3,000, if needed. While I didn’t need that insurance, it’s an indication of the how far Ebay/PayPal goes to assure their customers and clients are happy with their service. You won’t get that attention to detail and customer service from many of the e-wallet services.
Microgaming and PayPal Casino Deposits
In fact, you’ll find many different casino software which interface with Paypal casino payments. Microgaming is no different. Microgaming online casinos like Spin Palace, 32red, Ruby Fortune Casino, Mummy’s Gold, Bet365 Casino, 888, Roxy Palace Casino, and Ladbrokes (of course) all use Paypal for both payments and cashouts. That means you can shop around for the Microgaming casino with the best deposit bonus, VIP rewards, and games selection you like best. Microgaming isn’t alone in this category, though.
Playtech Casinos and PayPal
Playtech, the second most popular online casino software provider in the world, also accepts Paypal casino payments. I’ve already mentioned William Hill and Paddy Power, but Eurogrand Casino, 21nova Casino, Betfair, and bet365 Casino all have Paypal casino deposit as a money option. As you can tell, PayPal is comfortable with transacting payments to and from most of the biggest, most famous UK casinos online . This is good not only for UK players, but anyone who enjoys Pay-Pal as their favorite e-commerce provider.
IGT/Wagerworks and Paypal
Casinos powered by International Gaming Technology and its popular Wagerworks casino software also accept Paypal casino deposits. This means Sky Vegas, 888 Games, and Virgin Casino accept Paypal transactions, both for deposits and withdrawals at the online casino. This policy isn’t categorical across all IGT sites, though. I noticed that ME Casino doesn’t have Paypal as an option for payments or cashouts.
Realtime Gaming and Paypal
Those who prefer RTG online casinos are not going to be able to use Paypal very often. That’s because most Realtime Gaming casinos accept US players for games of chance. Given Paypal’s ban on payments for Americans engaged in online games of chance, few RTG sites are going to be able to take payments and cash out your money through Paypal. Rival Gaming sites and Topgame Technology websites are going to fall into the same category.
Paypal and US Online Casinos
The United States government is hostile to most forms of online gambling, making it uncomfortable for the e-casinos, Internet poker sites, and online sportsbooks that operate unimpeded throughout most of the rest of the world. If anything, many individual U.S. state governments are even more hostile to the Internet gambling industry. While many of the jurisdictions are happy to operate state lotteries that pay back a far lower percentage than any casino would ever consider paying, they continue to take the stance that gambling is immoral. Thus online gambling sites are hounded by the US Justice Department, while the e-wallets, credit card companies, and other money transfers companies who service their money transactions are equally targeted. Much of the time, PayPal isn’t available at those few online websites which accept US players. Even many sites which cater to international players who use English as their language and the US dollar as their favorite currency don’t have PayPal as a money option.
That describes many online casinos, but not all. In fact, the payment company allows you to send money to over 190 different countries worldwide. Not only that, PayPal has 100% protection against unauthorized payments from your accounts. Europeans can use PayPal for most gambling transactions, though US accounts will only be able to make payments on skill gaming sites. So for those consumers who enjoy gambling for entertainment, but who don’t want to learn about a different e-commerce provider, I’ve taken the time to locate sites which use PayPal. These web addresses exist. In fact, many of the sites who do are traded publicly on the London Stock Exchange.
PayPal is one of the safest means to transfer money online for playing slots. The online payment processor eliminates the concept of middlemen, interacting directly with banks. It uses thousands of servers that work on the Linux operating system. These servers are connected to an offline data server that stores customers' information, which is encrypted and then transferred to and from the servers when the transaction actually takes place.
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As one server does not exchange information with another, it is very unlikely for anyone to be able to hack the highly encrypted systems to get details from the offline database. The step-by-step transaction process that PayPal applies is what protects its members' data, and makes it one of the safest means to transfer money to play online slots.
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How to Use PayPal for Playing Online Slots
Being the most popular online payment processor out there, PayPal is accepted by almost all the existing online casinos. Using PayPal for playing your favorite online slots is easy. Here is a step-by-Step process to use it for playing online slots.
1. The first step is to visit the official PayPal site and create an account.
2. Click on the Signup Now button on the site, and continue the registration process by choosing your country.
3. Once the account is created, you can fund it through your debit card or transfer directly from your bank account
Once your PayPal account has the funds, just find an online casino that accepts deposits through PayPal and you will not have to worry about your credit card number or bank account details being compromised.
Online slots can be played by choosing PayPal as your preferred deposit option to fund your online casino account. On the deposits page of a casino, select PayPal as the preferred mode of payment and then access it through your login Id and password, to transfer funds to your online casino account. You can also get the winnings from online slots directly to your PayPal account.
PayPal Slots on Mobile
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Online slots can be a great way to spend your free time and beat stress. Smartphones and other mobile devices that we have today allow us to play mobile slots wherever we are. And you can enjoy mobile slots as long as you want, with payment processors like PayPal enabling you to fund your mobile casino account from anywhere.
So the next time you run out of money in your mobile casino account, you can use PayPal to fund it, through your mobile. This, however, would be possible if the casino allows you to make deposits and withdraw through its mobile gaming platform.
How Do I Cash Out My Winnings from a PayPal Slots Casino?
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PayPal is also the safest option to withdraw your winnings from playing online slots. If you have used PayPal to make a deposit into your online casino account, you will also be able to use it for withdrawing your winnings. Place a request with the casino to credit your winnings to your PayPal account. Once the amount is credited, you will be able to transfer it from your PayPal account to your bank account, from where you can withdraw it.
Which Countries Are Able to Play Online Slot Machines with PayPal?
PayPal functions in over 190 countries across the world and accepts 26 currencies. With millions of customers, 232 million to be precise, PayPal is perhaps the largest online payment processor in the world. Among the currencies that PayPal accepts are US dollar, pound sterling, Australian dollar, Canadian dollar, Chinese Yuan, Euro, Japanese yen, Swedish kroner, Mexican peso, and Swiss franc.
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So no matter which country you belong to, or which currency you use, you can use PayPal to play slots online. One of the benefits of choosing PayPal for your casino payments is that you won't have to pay any currency conversion charges if it processes payments in your native currency. Also, compared to other payment processors, PayPal has lower service charges for personal accounts, which makes it a better than the rest.
PayPal is one of the most popular ecommerce payment processors that enable secure payments over the internet. Because of its popularity and the level of security of ensures, it is one of the most common modes of payment, preferred by both ecommerce sites and online casinos. PayPal was founded in 1998 and has its headquarters in Palo Alto, California. Today, it has over 1000 employees and a very strong security system to protect the information it gets from its customers.
In early 2000, PayPal was the preferred mode for online payment for auctions on eBay, beating the ecommerce site's own payment option called Billpoint and Citibank's c2it. In February 2002, PayPal had processed payments for over 200,000 auctions on eBay, while Billpoint had only 4000. Only two months after that, in April, PayPal was being used for more than one million auctions that took place on eBay.
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This amazingly quick growth of the payment processor was one of the reasons why it was acquired by eBay for $1.5 billion in October 2002.