Published on September 19th, 2021 | by Bibhuranjan0
What are the Advantages When Using PayPal in Online Slots?
Supportive of over one hundred currencies, including the Australian dollar, Brazilian real, Canadian dollar, US dollar, Hong Kong dollar, Israeli new shekel, Japanese yen, and many others, PayPal is the most used e-wallet service. PayPal is popular all over the globe and as estimated in 2021, PayPal has over 392 million users. Around 80 million users turn to its One Touch feature. As estimated in December of 2020, the service had around 30 million merchant accounts. In 2020, over 15 billion transactions were conducted via PayPal, and this speaks volumes about its popularity and reliability.
On an average day, over 40 million transactions are processed via PayPal on a daily basis. This e-wallet service is supported by over 1.6 million companies and businesses that support online payments. The service is owned and operated by PayPal Holdings Inc., registered at North First Street San Jose, California. The company’s operative center is located in La Vista, the state of Nebraska.
PayPal Holdings Inc. was founded in December 1998. At the time, the company was known as Confinity before changing its name to X.com in 1999. In 2002 after going public, PayPal was acquired by eBay and it was operated by eBay until 2015 when eBay sold its PayPal stakes to PayPal Holdings Inc. This e-wallet service operates in all countries where online money transfers are possible. It also works with numerous online companies and businesses as its payment processor.
Thanks to millions of active users, the company is earning massive profits every year. The number of transactions processed via PayPal doubles every three years. In 2013, around three billion transactions were processed via PayPal. Three years later, this number reached six billion and finally twelve billion in 2019. Last year, PayPal users made over 42 million transactions daily. When it comes to the company’s annual revenues, it reached the twenty billion mark in 2020.
PayPal Online Casinos
The global online payment industry has never been as competitive as it is today due to very high demand. The online payment industry is closely related to the online casino gaming industry. Online casinos work not only with PayPal but other online payment processors, and the competition between them is real. However, when compared to other online payment services, PayPal is the leader, so there is no wonder why thousands of online casinos operational today work with PayPal.
In fact, finding an online casino that supports PayPal is never an issue, as PayPal online casinos serve players from all major iGaming markets. The best PayPal online casinos support a great variety of currencies, grant impressive bonuses and promotions, and of course, boast rich gaming libraries with all popular online casino games included. As illustrated here, online slots with PayPal form the biggest bulk of online casinos in the UK and other key iGaming markets.
Making deposits at an online casino using PayPal is always hassle-free. To get started, you need an active PayPal account with some funds. Upon registering at a PayPal online casino, you navigate to your cashier, pick PayPal from the list of supported deposit options, and transfer your funds from your PayPal account to your online casino account. Deposits made via PayPal are usually processed instantly and free of any extra charges. There are many other benefits of using PayPal to play online slots or other casino games, and further, we explore some of these.
Benefits of Using PayPal in Online Slots
According to this report by Statista, PayPal’s yearly revenue increased by over 20% in 2020, and the company’s transaction revenues reached over US$19 billion. A portion of this profit was generated by online casino players who used PayPal for making deposits and withdrawals. PayPal is one of the most used online payment services among online casino gamers who prefer playing slots, and some of the biggest benefits of using PayPal to play online slots are:
- Greater security
- Hassle-free deposits
- Low transactional costs
- Buyer protection
- Multi-currency support
When playing online slots or any other casino games at PayPal online casinos, you can rest assured that you are gaming in the safest online gaming environment. All PayPal online casinos employ advanced security technologies and are licensed by reputable gaming regulatory bodies. At PayPal online casinos, all slots and other casino games are regularly tested for fairness and randomness and no games are rigged in any way.
Besides greater security, making online casino deposits using PayPal is always hassle-free and straightforward. To get started, you need to register at the PayPal website and sign up for an account. Once you have created your account, you connect your debit or credit card to your PayPal account and as soon as you are done, you can proceed to fund your online casino account. PayPal deposits and withdrawals are usually processed instantly, so you can use your funds in no time. PayPal transactions sometimes incur processing fees and when they do, these commission fees are rather low. Players who are not able to use PayPal may also try one of the various PayPal alternatives out there.
PayPal only works with safe and reliable iGaming venues and the company’s Buyer Protection policies ensure the highest security standards. While PayPal has no right to enforce anything on online casinos, its Buyer Protection policy ensures gamers they can get their money back in case of being scammed by online casinos. Supportive of many different currencies, PayPal is an excellent option for gamblers across the world as many of them can use their native currencies.
Cover image by Piqsels