Paypal at Online Casinos in the UK
Almost anyone who does any type of payments online will have at least heard of PayPal. It is known to have more than one million clients and is touted as being the largest e-wallet service available online. One of the reasons they have become so popular is because of the ease in use of their services and no requirement for the provision of a lot of personal information. PayPal is known for its strict policies, and only some of the large casinos online will offer this platform as a deposit and withdrawal option. Out of all the online casinos, it is estimated that about twenty of them will allow the use of PayPal.
How to obtain a PayPal Account
Signing up for a PayPal account is easy. Once registered on the site, very little personal information is required. PaPal will need to verify the bank account and the credit card. This usually only takes a few days.
Deposit using PayPal
Once a player has sourced out an online casino accepting PayPal, they will need to register then go to the casino’s deposit platform. Once there, they need to select the PayPal option and indicate the amount they wish to deposit. The next step will be to go to the player’s Paypal account so they can complete the transaction. If there are not enough funds in the PayPal account, then PayPal may extract the funds from the player’s listed credit card, if the player has given PayPal permission to do this.
Withdraw using PayPal
One of the many advantages of using PayPal is that this payment platform will accept the player’s withdrawals from an accepted casino. The player only needs to provide the casino with their PayPal user name. It is not unusual for some casinos to also ask for verification documents. However, once the funds have been deposited into the PayPal account, the user can access and use these funds as they see fit.
Pros with PayPal
Undoubtedly one of the biggest advantages of using PayPal is having the confidence in knowing that the user is dealing with a well established and credible payment gateway. They have advanced security measures in place, so funds in the PayPal account are well protected. PayPal collects minimal data from their clients, so the risks of misuse of personal information are almost nonexistent. The Paypal platform is extremely easy to use, and there is a lot of detailed information that the account users can access. The withdrawal of funds is usually hassle-free, and the user can have the funds transferred to their bank account within a matter of a few days.
Cons with PayPal
Although the advantages do outweigh the disadvantages of using PayPal, there are some that need to be considered. Setting up an account with them doesn’t take a lot of time, and it is easy. However, there is a verification process that PayPal conducts. This can take several business days for them to go through their verification process. Then if a user also wants to link their credit card, there is a process for this as well. Once this is all completed then usually using PayPal at the online casinos that accept this is a seamless process.