How PayPal Works
If you’d like to use this payment service, you’ll first have to set up a PayPal account. Signing up is done with nothing more than an email address and a password, plus it’s completely free. The next step is to add a bank account or a credit / debit card (Visa, MasterCard, Amex), and from there on you can simply login with the same two pieces of information to pay for your online purchases.
Additional verification can be done to enjoy extra benefits such as lifting the withdrawal limit on your PayPal account.
Related fees differ depending on which country the client is from. For example, US citizens are charged 2.9% plus $0.30 to send money via a debit or credit card. Transferring money out of their PayPal balance using the linked bank account is free, while Instant Transfer costs $0.25 per transaction. There are also small fixed fees for sending money in other currencies.
PayPal Mobile app is available for iPhone, Android and Windows Mobile and can be downloaded via PayPal website or iTunes, Google Play and Windows Phone Marketplace. One Touch allows you to complete purchases faster by choosing to stay logged-in, meaning you can skip the PayPal log-in screen when paying via the same device and same browser.
PayPal.Me makes it even easier to receive money; all you need to do is share your PayPal.Me link with whoever is paying and they’ll be able to send you cash without knowing your email address or your mobile number. It costs nothing to set up and can also be used on iOS and Android smartphones and tablets.
PayPal Security Measures
PayPal is a holder of a European banking license and therefore required to implement the highest levels of security. Every transaction is guarded by an advanced encryption technology so that no third party can touch it. To prevent fraud and identity theft, the company monitors all money transfers 24/7. If something looks suspicious, their team of specialists will immediately take action to protect you from fraudulent transactions.
Using PayPal for Online Casino Payments
The thing about eWallets is that they make casino payments as simple as can be. There’s no need to enter card numbers, security codes and expiration dates; all you’ll have to supply is your email address and password. Providing you have funds in your PayPal account, deposits can be made by selecting PayPal from the list of payment methods, indicating the amount you wish to transfer, and logging into your PayPal account to confirm the transaction. As the results, funds will be added to your casino account almost immediately.
One needs to follow the very same steps for money to go the other way. Next to cryptocurrencies, eWallets are the fastest tool for getting hold of one’s winnings. Withdrawal processing period differs from one online casino to another, but once it has been completed, it will take only a couple of days for cash to appear in your PayPal account.