PayPal is the among the oldest and the most secure online payment method for sending and receiving money around the world. Originally, it was used at online e-retailers and major shopping outlets, but now this trusted brand has entered the online casino market. However, this payment method can only be found in a limited number of legit online casino sites and may only be accessible in certain countries. PayPal has been accepted for online casino transactions in the United Kingdom, Sweden, Greece, Finland, Portugal, Belgium, Austria, and Denmark. Some countries even offer PayPal cash outs.
Currently, major sportsbooks and casinos such as LeoVegas accept PayPal as a payment method. In order to learn more about PayPal, how to use it at online casinos and sportsbooks, and the benefits and bonuses you get using PayPal, continue reading this text.
What is PayPal Casino and does it really work?
PayPal is a Licensed E-wallet payment system based in the US. This worldwide site has been up and running since 1998 and is considered the first legit online payment system. The site works pretty simple. It operates like a separate checking account when it comes to online casinos. Any user can deposit money into their account through credit card or bank transfer and later use the money on any verified online casino. You can as well link your credit card to your PayPal account in such a manner that allows PayPal to make withdrawals automatically anytime you use this option at a casino.
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Why use PayPal Casino?
It’s just simple, convenient and secure. PayPal is renowned as a secure payment option and reliable in taking the risks out of depositing money at online casinos. In addition, there’s little fraud that can happen using it since no personal data or bank details will be required at the casino. Any personal data or bank details such as credit card and bank account numbers will be handled by the secure e-wallet site.
It’s lighting quick, with payments taking only a few minutes to complete. After filling out withdrawal or deposit information, money will immediately be ready for use. A 2.9% withdrawal fee is charged, which is worth it compared to the convenience you get. What’s more? PayPal supports currency exchange. Foreign currencies are automatically converted to your base currency at the current exchange rates.