Why More People in The UK Are Choosing Paypal Casinos
Based in San Jose, California (which is considered to be the economic and political epicentre of Silicon Valley), PayPal has been one of the world’s leading tech brands since its inception in 1998.
It became a widely traded public institution in 2002, with its service first-of-a-kind in the now multi-billion pound online payment and e-wallet marketplace. Today, PayPal has more than 350 million users and is used in more than 200 countries, while it is also becoming increasingly widely adopted by online casino operators across the UK.
You can check out some of the best PayPal casinos over at bestukcasino.org.uk, while we’ll explore some of the benefits of using this type of operator below.
- Ease of Use
While PayPal isn’t currently accepted by all online casinos in the UK, the landscape is constantly changing as the number of underlying users continues to rise.
What’s more, it’s incredibly easy to set up a PayPal account online, as you initially need to click through the ‘Sign Up’ icon and open up a registration form when you first land on the website.
From here, you’ll simply need to enter your name, home address and email accurately, the registration process is completely free of charge and will take just a matter of moments. You won’t need to deposit any funds in your account immediately, either, as you can maintain a zero balance account for as long as required.
It’s also easy to seamlessly connect your PayPal address to your bank account or debit card, so long as they’re not in use on any other PayPal account.
To verify your card and bank account, simply input the relevant details and wait for PayPal to verify the details. In the case of your bank account, this will see PayPal deposit two nominal amounts into your bank account (typically around £0.01) and a four-digit code sent to your smartphone.
You can then enter the code online at the PayPal site to complete the verification process, at which point you’ll be ready to use the site as a convenient (and private) conduit for deposits and withdrawals from your bank account.
- Safety and Security
While online casinos and betting sites are increasingly secure in the digital age, PayPal takes additional steps to ensure that it keeps your personal data and finances safe.
To this end, your personal details and any associated bank card information is completely hidden on the site at all times, meaning that such data won’t appear on any type of bank statement.
This also enables you to wager anonymously and with complete privacy, which is particularly ideal for freelancers and sole traders who don’t want online gambling payments to appear on their bank statements.
In fact, only the amount and a transaction number remain visible when you complete a transaction through PayPal, so this is a huge boon for a larger number of players in the UK marketplace.
PayPal has also secured its site with 128-bit SSL encryption, which is the industry standard for all financial services firms.
This works to ensure that the data transmitted between your browser (or mobile app) and PayPal servers is safeguarded and kept secure at all times, making it immune to the machinations of hackers and potential cyber thieves.
- Instant Transactions and Impressive Payment Limits
PayPal is also a payment platform that largely allows for instant transactions, across both deposits and withdrawals made through online casino platforms.
There are some exceptions to this rule, however, with withdrawal times varying from one casino platform to another. Not only this, but sites like 888 Casino can take up to five working days to process withdrawals through the PayPal platform.
In terms of limits, PayPal casinos also allow users to deposit and withdraw relatively large sums of money through the platform.
When using the BetVictor site, for example, you can instantly credit your account with between £10 and £5,500. Additionally, you can withdraw anywhere within the same range through PayPal, with this process taking just 24 hours in total to complete.
In the case of the aforementioned 888 Casino brand, players can also withdraw up to £30,000 through PayPal. Betway and Ladbrokes even allow for unlimited PayPal withdrawals, offering incredible convenience and flexibility to high-rollers who like to pursue seismic rewards.
Just be wary of operators who charge you to complete withdrawals through PayPal, however, as this can eat into your bankroll and potentially encourage you to wager more to access your winnings.
If you have £10 in your account and this is also the minimum withdrawal at your PayPal casino, for example, a nominal charge of 2.5% will leave you just £7.50 in bankable returns.
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