PayPal Casinos

PayPal is not only the most well-known in Canada and Germany E-payment service but he is also the most famous in the world. In over 200 countries, it is now very easy to pay using an e-wallet. About 100 different currencies are supported. The number of merchants and service providers that accept PayPal is enormous, despite the fees. This has to do not least with the popularity of PayPal. If you offer PayPal as a payment option, you can increase your sales. That's why there are more and more online casinos.

The payment service was founded in 1998 in California. In 2002, the company was acquired by the online auction house eBay. Until 2015, PayPal was a subsidiary of eBay, until the antitrust authorities demanded independence. The provider has an EU banking license and according to its own information over 192 million active users . One of the most successful marketing promises is buyer protection, which is explained in more detail below.

The best casinos with PayPal 2020

How does PayPal work?

If you want to use PayPal, you need a virtual account. This is free and can be created within a few seconds.

After opening the PayPal account, there are four active limits:

1. That Sendelimit limits the maximum amount that can be sent per year to 2,500 dollars.
2. That Debit limit per month defines the maximum amount that can be debited per month at $ 750.
3. That Debit limit per year defines the maximum amount that can be debited per year to $ 1,000.
4. That Reception limit per year defines the maximum amount that can be received per year at $ 2,500. The sum refers exclusively to payments received via PayPal. Deposits from the bank account and refunds of sent payments are accordingly not relevant.

The limits can be easily removed by verifying the PayPal account. This is possible without submitting documents, by PayPal transferring a small cent amount to the deposited bank account and thus verifying the existence.

Unlike a conventional bank, the account does not have an account number. Instead, it will managed via the e-mail address . If you want to send money, you specify the recipient based on his e-mail address. It must be the same with which the PayPal Account has been created. Money can also be sent to people who do not yet use PayPal. The person will then be informed by e-mail about the payment to him. In order to finally receive the money, the person must register with PayPal.

If you would like to pay with PayPal on eBay or in an online shop, you will be forwarded directly to PayPal as part of the payment process, where you log in with the e-mail and password and confirm the payment. Who Send money to a third party will, who also logs into the customer account and can enter the amount and the e-mail address of the recipient on the corresponding page. Withdrawals to the verified bank account can also be requested in the account. On the other hand, the PayPal account can of course also be topped up by bank transfer.

Deposit options at a glance:

• Bank transfer with deposit code (usually takes two working days)
• Giropay (is usually available immediately)
• Credit (only in the context of a direct transaction)

To pay with PayPal, you do not necessarily have to have funds in your account. If the account is not sufficiently covered, PayPal will deduct the difference directly from the current account or from a deposited Credit a. Nevertheless, the recipient receives the payments immediately and can, for example, send the goods immediately.

Pay in the online casino with PayPal – that's how it works!

The great advantage of PayPal is that Transactions carried out immediately be. The recipient can post the payment immediately after sending. If you use PayPal to top up your casino account, you can therefore use the deposit immediately to make bets in games. The process is the same in the online casino as in an online shop.

Since online casinos as commercial companies have to pay commissions to PayPal, there are some casinos that charge fees for deposits and withdrawals with the payment service. Others wear them themselves. Withdrawals to a PayPal account are of course also possible and usually free of charge.

How much does it cost to pay with PayPal?

PayPal is a highly profitable company that makes its money on fees that have to be paid for almost every transaction. But not everyone has to pay fees. overview:

PayPal Buyer Protection

A big plus for consumers is the PayPal buyer protection, which provides security for buyers when they pay in advance with PayPal. If an item paid with PayPal does not arrive or does not match the description, the problem can be reported to PayPal. A corresponding Buyer Protection Application will be checked by PayPal and the person concerned will receive the full purchase price plus VCA if the claim is justified. the shipping costs will be refunded.

In order to apply for buyer protection, the PayPal user has maximum 180 days Time. If there is no clarification between the buyer and the seller within 20 days of submitting the application, PayPal's customer service can be activated, which will make a binding decision.

Buyer protection also applies to unauthorized access to the account, for example in the case of identity theft. However, PayPal has repeatedly restricted buyer protection in recent years. So there are some industries in which this does not (anymore) apply. For example, for car purchases and the acquisition of machines. Gambling is also excluded from buyer protection.

By the way, there is also seller protection, which protects merchants, for example, from payment defaults.

How secure is PayPal?

PayPal is one of the safest e-payment services ever . Last but not least, the much-advertised buyer protection is a great safety plus for buyers. But also the EU Banking License ensures continuous regulation by the authorities. The SSL encryption of the payment data is also positive. It prevents the data from being neither tapped nor decrypted during transmission between the computer and the server.

The Privacy regarding PayPal offers both advantages and disadvantages. On the positive side, the payment service does not require every merchant and service provider to be entrusted with their sensitive account or credit card data. Instead, you just have to entrust them to PayPal, which then makes the payments. On the other hand, the Company is based in the United States of America and also stores customer data on foreign servers, where less strict privacy policies apply. The dollar passport is in Luxembourg.

In addition, negative headlines are regularly made by seemingly arbitrary account suspensions, in which the balance is frozen. You can meet both end users and traders and service providers.

Advantages of PayPal

PayPal has not become the market leader among payment services for nothing. The advantages at a glance: