Pros and Cons of Using PayPal for Online Casinos
If you love gambling online, you must have already noticed that betting sites accept debit and credit cards. You obviously prefer the most convenient way of funding your account and withdrawing your winnings. PayPal should be on your list. As you can imagine, online casino with PayPal has numerous benefits. Nonetheless, nothing in this world is perfect. Thus, you should expect some drawbacks. However, the pros certainly outnumber the cons. Follow through to find out this and more!
Top PayPal Online Casino Sites
The pros of PayPal casino sites
There are numerous reasons gambling PayPal is a great choice for funding your casino account. From the ease of use, quick withdrawals, to topnotch security, let’s take a close look.
Do you know why most online gambling platforms never store credit card data on their servers? It all comes down to security concerns. If they were to store that information, the websites would become easy targets for hackers who would then access thousands of credit card numbers that they normally use for their unscrupulous motives. Casino online PayPal, however, cannot be hacked. This e-wallet is considered one of the safest ways to pay online as it comes with an extra layer of protection. Users conduct transactions within minutes and none of their sensitive data is stored there. The only information players provide is their usernames and passwords.
The convenience of online casinos accepting PayPal Australia is unparalleled. Depositing is as easy as ABC. As mentioned above, only the password and username is required to process a transaction. This is very different from typical operations that require you state the type of card being used, the expiry dates, complex security codes, etc. Depositing is thus more straightforward with this payment method than with any other bank card.
Cashing out with this e-wallet is pretty quick. In other cases, it takes up to 2 days to verify your identity when withdrawing your winnings, especially for the first-time players. After that, it may still take a number of days for the money to be credited to your bank account. However, this system is faster and most operators instantly credit your winnings to your account.
Here are the few demerits. Not every gambling platform accepts this payment method. Its availability in the industry is not widespread even though the popularity is growing. Casino games pay with PayPal may not be insured.
Basically, when you conduct an online business but the other party fails to deliver, this method should reimburse you. But due to the recent changes in certain countries like Canada and the US, this rule doesn’t apply to online betting.
As you can see, there are good reasons for you to choose this electronic transaction mechanism over other services. But it is not a foolproof approach free of complications.