For a number of decades now PayPal has been a popular way for people to manage their money, shop online and send funds to friends. However, even more recently than that we have seen an increase in the number of people that way to use it as their payment method when they’re taking part in online gambling. PayPal casinos have become extremely popular in recent years but why is it that gambling patrons are starting to use this as their preferred gambling method?
Safe Spending
One thing that people have always liked when it comes to using PayPal to spend money online is the security that it gives them. PayPal operates with various guarantees and security measures in place which means that people feel confident in using them to spend online. Not only that, but when you shop with PayPal you’re able to spend with the platform of your choice, without having to share your personal bank details with them. Instead, your bank details are stored within the PayPal platform and you just log in via this when you want to spend.
Able to Use Internationally
Different countries operate under various gambling laws, which means that there are still some places in the world where gambling is banned, or at the very least frowned upon. In these countries, many people opt to use online casinos that are hosted outside of the country they live in – and PayPal is ideal for this. PayPal itself is available in over 200 countries which means that wherever people want to place bets, they’re likely to be able to use the e-wallet provider if they wish. Not only that but PayPal allows you to use its payment platform to make payments in nearly 30 currencies, which means that however you want to spend your money you should find that you’re supported.
Speed of Transactions
In the past, online banking transactions have been slow – with things like withdrawals taking between 3 and 5 working days before the money hit the user’s bank account. PayPal offers instant transactions for everyone which means that whether you want to top up your gambling account so you can place a bet or you want to withdraw your winnings and get spending, you know you can do this quickly and generally without fuss.
Easy To Use
We all like a bit of convenience when we’re shopping online and gambling platform users are no exception. The truth is that when you’re wanting to join a gambling platform, finding your debit card and getting all your details together in order to able to sign up can be a big hassle. However, PayPal stores your details which means that you simply need to log in and you’ll be able to use this on the gambling platform of your choice without any grief. In fact, most devices these days will even remember your PayPal login details for you, which helps to make life even easier.
Works with All Cards
Whether you have a Visa card, MasterCard, Maestro, American Express or any other type of card you should find that you’re able to link this up with your PayPal. This means that one login gives you a choice of various funding options; great if you’re someone that has their money stored in various places.
Mobile Gaming
Another trend we have seen over recent years is a shift in the way that people find and use gambling platforms. Users no longer want to be sat at their laptops when they place a bet and instead gambling on the move via mobile phones and smart devices has increased in popularity. With different gambling platforms having their own apps and even websites being optimised for mobile, it makes sense that people use this alongside PayPal to make their betting journey as easy and accessible as possible.
The Future of Gambling with PayPal Money
Although it is impossible to say what the future of PayPal will hold, it’s enough of a household name that we can be sure it is something that is going to stick around for the foreseeable future. As banking platforms go it does its best to stay ahead of the trend and keep up with customer demand – which is why it’s a pretty good fit for the gambling industry that does the same. However, we are seeing an increase in other payments too; especially mobile-based payments such as Google Pay and Apple Pay. With these becoming more popular, we could see those that want to take part in gambling online start to bet with these funding options instead.
What we do know is that in general, the past 3 years have seen the gambling industry report record numbers of users and revenue, so it is clearly an industry that is growing. With any industry that wants to continue to grow, keeping life easy for its paying customers is a must and PayPal is a big part of this for many. Even if we see other payment methods (such as Bitcoin) introduced to gambling platforms, we’re unlikely to see a time anytime in the future when PayPal stops being a payment method that is offered. It’s one that people are used to and feel confident in using, so why would there ever be a time when gambling platform operators are going to take this away? Instead, it looks like PayPal casinos are sticking around and that’s something that many gambling platform users are going to be very happy about.
