Casino Deposits: PayPal

PayPal

The internet casino industry hasn’t just enhanced the whole gambling scene in that it’s made it easier for players to enjoy games of chance. It’s also spawned an entire banking industry – an industry that would not be where it is today had it not been for this singular industry. What began as a by-product has ultimately resulted in a slew of banking products (e-wallets, prepaid cards, bank transfer mechanism) designed to assist you in moving money in and out of your iPhone casino account. And it’s not just for the sole purpose of managing your casino funds, it’s also for the more general financial transactions you might feel inclined to make online  – ordering gadgets, clothes, books, blu-rays and kinds of items that can be purchased online. Of all the e-wallets that spring from the desire to help players make deposits and withdrawals, PayPal is by far the biggest of the lot with 100 million users and growing.

Opening a PayPal Account

The process involved in opening a PayPal account for yourself is quite simple and you can elect to do it by clicking on the PayPal link in the banking lobby of the iPhone casino. Alternatively you can go to the PayPal website and follow all the prompts. PayPal values itself for its professional service and its legitimate operations which is why you’ll be asked to submit information in the form of your identity and your email address. This process will not take very long and you’ll soon have an account in which you’ll be able to link your bank account and whichever debit or credit cards you choose to.

Withdrawing with PayPal

PayPal makes withdrawing your iPhone casino winnings quite simple because all you’ll need to provide is your email address. Privacy and safety are key when it comes to using PayPal and the mere use of an email address makes this e-wallet a very attractive option for players. Once the funds are in your PayPal account you’ll be able to transfer it to your regular bank account. It needs to be noted that linking your bank account and your PayPal account can initially take a few days and there will be a verification process. This is not done to inconvenience you, but simply to make the safeguard your information and ensure that the account is functional before funds are transferred.

The Advantages of PayPal

In many ways PayPal is considered the cream of the crop in terms of e-wallets and its status is largely deserved. Of all the e-wallets out there, it is the one that has the highest approval ratings from banks around the world and is thus also associated with more banks than any of its peers. PayPal transactions are safe and secure and the company only requires your banking information only once after which it is saved.

The disadvantages of PayPal

While PayPal is safe and effective, getting it going on the whole can prove to be a tedious process, especially when you’re linking it to your bank account, which can take a few days and require verification and thus documentation from your side. It is worth mentioning that once this process is over, the transfer of funds from your PayPal account to your bank account becomes a seamless one.