What is ‘PayPal’ ?
PayPal is an online payment merchant which facilitates secure transactions between companies and individuals on an international level. PayPal is one of the world’s largest providers of this service and is certainly the best known. Many online casinos and betting services suggest PayPal as the best way to top up accounts and to withdraw winnings.
PayPal is a digital service which processes payments between individuals and companies instantly. It rose to prominence back in 2002 after being purchased by the growing online auction site eBay, who wanted a secure and safe way for customers to make payments, process refunds and pay for services on the website itself. Today it has grown into an international brand which is perhaps the best known online payment merchant available, and which is accepted as a valid form of payment in over 200 countries.
PayPal is preferred by users because it has a great reputation for security, using encrypted technology to keep payment details safe and to prevent the loss of personal data or finances. Online casinos and betting services usually accept payments made through PayPal, which can be far quicker than the clearing period of a bank transfer and can be tracked digitally for maximum safety. Casinos usually allow for PayPal payments to top up gambling accounts, and any winnings can be withdrawn directly to that PayPal account for withdrawal to the bank or to a card.
PayPal is a great service for international casinos because it offers an instant currency transfer and displays all available amounts in your native currency. It provides a good, competitive rate on currency exchanges, and allows people in other nations to access products and services from countries across the world. However, gambling is often restricted by national laws so even with currency barriers removed, players should still check that they can legally gamble at a foreign gaming website.
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