Paypal has become an integral part of our daily routines. You may not have even noticed, but more often than not, you have the option to use the service when taking part in online transactions such as shopping for clothes or the subscription services that you use. It should then come as no surprise that online entertainment industries are offering this payment method for their services. The igaming industry is no exception, and you will find that the majority of online casinos will now offer multiple payment options, including Paypal.
Of course, there are many factors to consider when selecting an online casino. These range from the company reputation to live customer support, choice of games, bonuses, and so on. All these attributes will help to increase (or decrease!) the overall appeal of a casino. If we consider each of the deciding factors, it is safe to say that the processing speed of withdrawals can make or break a casino. This is especially true for casinos that claim to offer fast withdrawals.
Processing times aside, the method you choose to fund your casino account will ultimately determine how quickly you receive your winnings. Nowadays, most top-rated operators will aim for action withdrawals within 24-hours. Of course, this time can be affected by factors such as KYC verification requirements. E-wallets are by far the quickest route for withdrawals, with estimated times of just 24-hours offered to customers. With this in mind, it is no coincidence that PayPal casinos are surging in popularity in 2021.
There are numerous advantages to using Paypal when playing online casino games. As mentioned previously, you will no longer have to wait for 3 to 5 working days to receive your withdrawal because PayPal slashes those waiting times by more than 80%. On top of this, there are no extra fees charged for the service, making it very attractive to business owners and customers alike. But like most things in life, there are also cons to the deposit method. The first major disadvantage is the process of making the deposit itself. Withdrawals are always sent back to the last deposit method used (unless your deposit method is not supportive of withdrawals). This means you must have credited your account via PayPal at some point before requesting to withdraw your funds.
On top of this, to fund your account via PayPal, you will not only be navigated away from the casino to the merchant website, but you will then be prompted to log in, authorize the deposit and verify the transaction, all before being able to play at your chosen casino. All of these actions result in many casino players favoring the debit card over PayPal, as debit cards only require you to save your details once, then with a deposit, you only need to insert the security code to play. But there is one major factor that is increasing the popularity of Paypal casinos, and that is the speed of withdrawals.
Debit cards = fast deposits, slow withdrawals. PayPal = log in on merchant website, authorize the transaction and verify deposit to benefit from lightning-fast withdrawals. Mr Green offers the fastest withdrawals of all online casinos, with PayPal requests reaching customer accounts within one hour! The multi-award-winning operator prides itself on customer service and is known for a huge and varied catalog of slots, table games, poker, live casino tables, and a plethora of bonuses. If you are interested in learning more about the best PayPal casino bonuses, go to BestCasinoBonuses.co.uk.
PayPal is a relatively easy system to operate, one that acts as a virtual wallet for your cards/bank. An account is free and simple to set up, and when using this payment method, you are also able to benefit from fee-free withdrawals. Once your online casino withdrawal has been processed, the funds will be sent directly to your PayPal account. The next step is to withdraw those funds, which can be done by logging in and requesting to transfer the funds to your bank or debit card. Again, this is a super-fast feature taking a few seconds (on average) to reach its destination.
Overall, when we consider the advantages and disadvantages of using Paypal as your preferred method when playing online casino games, it is no surprise that the popularity of the casinos offering this option increases each year steadily.