PayPal as payment Method at Online Casinos

June 4, 2019 Posted in News, Payments by No Comments

Over the past few years, PayPal has become increasingly popular as a way to transfer funds to and from casinos in New Zealand. This is because the payment platform offers a variety of different features and benefits that many online gamblers may want to take advantage of.

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This popularity has been further enhanced by the fact that more and more casinos are allowing players to use the service when gambling with the site. However, many people may not know too much about PayPal; as a result, they may be hesitant to use it. This shouldn’t be the case. 

What Is PayPal?

PayPal is an online payment platform that allows users to transfer funds from around the world. The service allows users to transfer funds from their bank account to their PayPal account and then make payments to any other account quickly and easily. The same is also true when it comes to receiving funds; once money has been received into an account, a user will be able to withdraw it to their bank account quickly and safely.

With the popularity of the payment platform, many retailers and casinos have begun integrating it into their payment methods. This means that users of the platform will be able to make purchases to a variety of different online retailers and casinos without having to use their bank account information. 

Benefits Of PayPal

When it comes to using PayPal with an online casino, there are a variety of different benefits. Perhaps the most notable of these is that it can bypass the need to enter your banking information into the account’s payment and withdrawal methods. This can offer an increased amount of security for people who want to keep this information private while still being able to deposit money and withdraw winnings from a casino.

Furthermore, the online payment platform offers a quick and efficient way to transfer funds from one account to another. This means that online casino players will be able to withdraw their winnings from a casino relatively easily without having to wait too long to receive the funds.  

Is It Safe?

When it comes to finances, everybody wants to make sure that they’re safe and secure. This may be why some people may be hesitant to use PayPal or any other digital payment platform. However, this shouldn’t be the case, as PayPal has often been seen as one of the safest ways to transfer money. This is thanks in large part to a variety of built-in security features that prevent the likes of fraud.

One of the only security issues that users might find is when it comes to login information. However, with the use of a strong password, much of this will be bypassed and users shouldn’t have anything to worry about. 

How To Sign Up For PayPal

Signing up for a PayPal account is a lot easier than you might expect. To set one up, a user will need an email address and a password to get started. Once an account is set up, an account holder will then need to attach their bank account or credit card to the platform. This is so they can add or withdraw funds from the account. To do so, they’ll be prompted to enter their bank details.

Once this has been done, PayPal will typically add money to your bank account (typically 1 cent), which will also come with a code on your bank statement. This will then be used to verify the bank account information and allow a user to begin adding and removing funds from their account whenever they wish to.

Lukas Mollberg

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Lukas is the head author at FreeSpinsBonus and responsible for all content strategies and what casinos we review.Lukas has a background of playing poker in the early years of the poker boom in Europe. He became an expert within the online gambling and has been working as an author for several websites.

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