With the current rise in popularity of online gambling from every corner of the world, it doesn’t take much effort for an online gambler to get access to a reputable online gambling website or mobile app. The real challenge comes when the online gambler has to decide on the best method for funding their online gambling account.
In years gone by, gamblers really had little to choose from as far as banking options were concerned. In most parts of Europe, credit cards (VISA, MasterCard, American Express) and some e-Wallet options have been available as banking options for the better part of two decades. With the UK government looking at the possibility of legislating against the use of credit cards to fund gambling accounts in the future, alternative banking options are gaining popularity.
In the US, the use of credit cards to fund gambling accounts is a tenuous option at best until the federal government finally resolves the intent of the Wire Act of 1961 one way or another.
One of the rising gambling account banking options coming to the forefront throughout the world is PayPal. Since its introduction in 1998, PayPal has been providing payment services between customers and merchants located all over the globe. As an online gambling banking option, PayPal checks all the right boxes. It’s fast, efficient and certainly more affordable than the fees charged by credit card companies.
In the past, PayPal took the position of not wanting to become involved with funding gambling accounts. The company’s position came out of a concern that people would use the company’s services to fund illegal gambling activities, mostly focused on online gamblers who wanted to gamble from jurisdictions where such activities were or are not illegal.
It was only within the last five years that PayPal decided to open its doors to online gamblers. They have done so with the stipulation that the funding process has to flow between PayPal customers in countries/states where online gambling is legal and online gambling operators that are licensed to provide gambling services in the same country/state of origin.
How It Works
If you are ready to start playing online games of chance for real cash, you might want to consider PayPal as your primary banking option. Here’s how it works.
Let’s say you have decided to play one of the online casino industry’s hottest slots. You set up your new account with your online operator of choice, you get your welcome bonus offer, and you are ready to fund your account. You would fund your account by simply clicking on the PayPal link provided by your online casino. The link will take you directly to the PayPal site where you would sign in and approve the proposed merchant transaction. At that point, you are good to go. If you want to use PayPal to fund your account, see our list of PayPal casinos here and find the best ones for youใ
It doesn’t get any easier than that. As a reminder, you would need to make sure your jurisdiction allows online gambling, and your online gambling operator of choice is licensed to provide services in your region.