PayPal Review - Accepting Online Casinos - Tips and Advice - How to Use

How to Use Paypal at Online Casinos

People or businesses can use PayPal to send and accept electronic payments, including those that wouldn't normally be processed in that manner. As long as both parties have PayPal accounts (and the sender has a valid balance), often all that is needed is the recipient's email address to send a payment. Though it has had some technical issues since its founding in 1998, PayPal has a reputation as a safe and trustworthy service, and its fraud protection protocols are among the best in the industry.

PayPal accounts must be linked to a bank account that serves as a back-up funding source if a transaction exceeds the PayPal balance. In that case, the difference is automatically debited from the bank account, and the transaction usually proceeds instantly as normal. Credit cards can also be linked to the PayPal account to serve as additional funding sources, but the company has required a bank account as well since the beginning of 2011. Users can withdraw money from PayPal to the linked bank account electronically, which takes three to four business days, or request a check for a fee of $1.50 USD.

The company is in the beginning stages of bringing its service to the world of physical stores and businesses, which would allow PayPal to be used at retail outlets. Mobile payments is another area in which it is starting to make more headway, and that field is expected to boom over the coming years. In the meantime, PayPal offers its own PayPal Debit MasterCard, which can be used to make purchases anywhere MasterCard is accepted and to access funds from a PayPal balance using ATM machines.

Signing up for a PayPal account is free, and can be done by visiting www.paypal.com.

Tips and Advice for Using Paypal

As mentioned above, PayPal is not a big player in the payment processing field for online casinos since it is based in the U.S. and is no doubt wary of the legal implications for companies that provide funding help for U.S. gamers. That said, its reliability and safety record give it a leg up on other electronic deposit and withdrawal methods, and prospective players should seriously consider using it wherever offered. The PayPal debit card is also free to sign up for and makes a nice addition to a PayPal account for instant access to funds.