The PayPal Phenomenon
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If you haven’t heard of PayPal you must have been living in a cave for the last ten years. PayPal started life as the go to online auction payment method now they are huge. In the last few years they have partnered up with reputable online casinos and are making a great show of it. PayPal casinos is something that should of happen years ago. One of the world’s biggest online companies PayPal moves billions around the world. Millions of happy loyal customers use nothing else to pay online. They have built up a solid reputation and have security protocols in place that put others to shame. PayPal online casinos are somewhat exclusive they don’t partner up with just anyone. Their customer base is huge and this makes them a very attractive option for casinos. Signing up to PayPal could not be easier. A valid e-mail address (no forwarding services) and some form of bank card or account to link with. They class themselves as a go between they are not a bank. The term payment gateway is used a lot or e-Wallet. You can transfer funds in seconds with no hassle. Once you reach a certain amount of transactions PayPal require a little more identity verification, in the UK this is very simple.
Trouble With Your Credit Card? No Worries With An Online Casino That Accepts PayPal
You might be surprised to find out how many have made the move to PayPal in the gambling world. It’s very satisfying to know as PayPal have some quite strict rules in place. So if an online casino accept PayPal then they have another check in place. PayPal vet all casinos that want to use the services. They will investigate any customer’s complaint and have withdrawn their service from some because of customer feedback. But what makes PayPal so good then? Well apart from the extra layer of vetting PayPal is easier for all concerned. The PayPal casino doesn’t have to collect credit card details for starters. This makes life so much simpler they don’t need to use third party companies to deal with the money. It builds instant trust with the punter if you don’t need to give card details over. With PayPal you only ever give out your bank details once when you sign up to the account. This is probably the main reason that PayPal is so popular couple that with the superb customer protection policies and they really are a winner. It really was inevitable that PayPal online casinos happened.
One of the reasons alternate methods are needed by casinos to process money is the increasing pressure from some governments. The UK is very lucky regulated for hundreds of years there are no issues when it comes to funding your harmless flutter. Other countries are not so fortunate and have some rather harsh banking laws in place. These laws were designed to stop funds from getting to the online casinos as it was proving rather hard to stop the punters from signing up. More and more devious methods where having to be used to move money around. Not a situation many wanted to see clarity is what’s needed when it comes to your money. So PayPal was an obvious choice and is one of the best methods for making deposits and withdrawals (once you’ve jumped through the hoops the first time) to and from your casino account.
Why Customers Feel Safe With PayPal
PayPal is known for its consumer protection rules. So much so that sellers don’t like it so much anymore. Cash back and frozen funds are very common for the small businesses on the auction sites. The same goes for the PayPal online casinos. The rules are strict, unbending and enforced. The complaints procedure is simple to start and once underway the funds in dispute are frozen. An investigation is set in motion and if the complaint upheld the money if refunded. This one fact has millions of people using PayPal as their number one method for all transactions online. Try getting a charge back from your credit card it is a consummate pain in the proverbial. PayPal take their complaints procedure seriously and they know how to look after the consumer. If the are several complaints about the same thing with a casino they will close the account. This is a big thing if a casino one day has PayPal then suddenly it doesn’t that’s not good press at all. PayPal is the only payment method used by online casinos that has a rigorous vetting procedure. Visa will take anybody’s money and give it to anybody else. PayPal will not operate with any casino that is not fully licensed by the jurisdiction covering the country of origin of the player. There is no ambiguity with this if the site is not regulated to play there PayPal won’t accept the transaction. So if a UK player wants to play with a casino that doesn’t have a license from the UK Gambling Commission, they can’t use PayPal. These is a great way to gauge a casino if PayPal are on board then the casino must be doing something right. It makes a very pleasant change for the power of the consumer to actually keep brands on their best behavior.
Exclusive But More Coming On Board
Every punter in the UK knows who William Hill and Ladbrokes are. These two giants in the industry saw the writing on the wall and were some of the first to jump on it. The UK scene is driving the market and it wasn’t long before many more top names came on board. Coral, 888, 32Red, Casino Tropez, the list is growing. PayPal really is a good thing for both the punter and the casino. Speed, ease of use, consumer protection and low cost are just the tip of the iceberg. This is a trend that will only get stronger PayPal casinos are here to stay.