Why US PayPal Casinos Have Been Trending Lately
PayPal has been the world’s most popular eWallet for many years since its conception in California in 1998. As the online casino industry continues to blossom, PayPal appears to be the preferred payment method for many gamblers worldwide. You can find some of the best PayPal casino sites US presented here. However, unlike other sectors such as online shopping where PayPal was the pioneering eWallet and thus quickly rose to success, it was late to the world of online gaming. This leads us to ask, why have PayPal casinos have been trending lately?
Why are PayPal Casinos so Popular Right Now?
PayPal is the biggest eWallet on a global basis and has even surpassed the Bank of America in US market capitalization. However, it was the eWallet Neteller that first entered the iGaming market. The company saw the demand for fast, safe, and secure payment methods within the industry and quickly affiliated with many online casino brands. Comparatively, PayPal has only recently started affiliating with iGaming sites and PayPal casinos are one of the most popular options for online gaming for this very reason.
PayPal is very particular about the sites that it works with and made changes to its user agreement in 2010 on the types of businesses it can work with. As per its new policies, the company will only partner with licensed and regulated online gambling operators that undergo regular third-party financial audits. As such, all PayPal casinos can be trusted. This is reassuring to players and can help build confidence when gambling online.
Additionally, PayPal’s reputation exceeds itself. According to Statista, the company has over 2.9 million active users in January 2021. The eWallet processes billions of dollars of payments each year while maintaining happy customers. Moreover, it operates in more than 100 currencies and over 200 markets, meaning it appeals to all types of online casino players on a global basis.
What are the Benefits of Using PayPal Casinos?
In addition to PayPal’s selection of online casino partners and stellar reputation, using this eWallet for payments at an online casino has many benefits for players. With little to no fees, secure payment methods, and rapid withdrawal times, here is a look at all the advantages of using PayPal for online casino transactions in more detail:
Safety and Security: Having been around since 1998, PayPal is one of the most trusted payment methods available. The company’s long track record of success helps players to feel safe online. Besides, using PayPal adds a second layer of protection to each bettors’ data as no banking information needs to be shared directly with the online casino operator. Instead, players can pay simply using their PayPal login.
Quick Transactions with No Fees: PayPal is known for being one of the quickest payout methods at online casinos, giving players access to their hard-earned winnings more quickly. The best PayPal casino sites US offer withdrawals in as little as 24 hours. Moreover, most online casinos won’t impose transaction fees for PayPal withdrawals which withdrawals via other payment methods may incur.
Access to Casino Bonuses: Many other eWallets such as Skrill and Neteller also offer secure payments and quick transaction times. However, often depositing using these methods won’t qualify players for casino bonuses. With PayPal deposits, this is rarely an issue. The vast majority of all online casinos allow PayPal deposits to qualify for all promotions on the site.
Convenience: Finally, PayPal is one of the most convenient methods for funding an online casino account. Long gone are the days where players have to type in lengthy card numbers to make a deposit. Instead, logging into their PayPal account is all that is needed. PayPal even offers “PayPal One Touch”, a special feature that enables players to skip the login step on saved devices for even more convenience.
What are the Drawbacks of Using PayPal Casinos?
Despite its many perks, using PayPal as a payment method at online casinos does have some drawbacks. Firstly, it is not available at all gambling sites and players may need to choose an alternate payment option. In particular, there are country restrictions in the US and Canada with funds coming from the Middle East. However, this could be saying a lot about the reputation of the online casino in question and it may be advisable for players to turn elsewhere.
PayPal also falls slightly short when it comes to customer service. With millions of people actively using the eWallet each month the company receives multiple inquiries each day. This means it may take a while to get through to customer support, albeit open 24/7.
