6 Oct

PayPal Online Casinos 2018: Circumlocutory Edition

Cynosural guide to Paypal casinos in 2018.

PayPal Online Casinos 2018For as long as the internet has existed, people have sought faster, safer, more convenient ways to move money from one point to another. We don’t use paper checks anymore. We hardly even use cash. We’ve become a planet reliant on technology that allows us to do what we want, when we want it, via electronic means.

This theory applies to most all manners of business. We pay bills online, purchase household items online, and can even place a grocery order without leaving our homes. Internet technology has brought multifarious means of entertainment to our fingertips, as well. Even casinos have become perfunctory, as the digital gambling world provides every imaginable way to place a wager.

In the last two decades, millions of people from all over the world have turned to online casinos for risk-savvy entertainment. Many players put a great deal of effort into researching gambling websites, determined to spend their money with honest, trustworthy operators.

This is a great practice, and one I highly recommend following without deviation. What’s surprising, however, is how many of those same people put very little thought into how they move money in and out of those websites. Trusting the recipient is one thing, but trusting the facilitator is equally important, if not more so.

None More Trusted than PayPal

PayPal is one of the oldest and largest online payment processing firms in the world. Based in California, USA, it was founded in 1998, and quickly spread into global payment facilitation company. PayPal processes money transfers for online merchants of all makes and models, including select internet gambling operators.

Originally launched as a security software firm under the name Confinity, the company transitioned to online payment processing in 1999, before merging with online banking paradigm X.com in 2000. The following year, X.com divested from all other payment operations to focus solely on the development of Confinity’s money service, which they rebranded PayPal.

Since then, PayPal has become the most trusted online payment service, aka eWallet, on the planet.

How PayPal Works

The complex inner workings of PayPal’s secure processing systems run deep. Fortunately, there’s nothing complex about utilizing the service for members. Anyone with a valid ID, address and bank account can register, free of charge.

PayPal offers a versatile range of usage options, as well. By linking to a bank account, users can make secure purchases instantly. The funds can be automatically withdrawn from their bank account, or any linked credit or debt card. Alternatively, members can use any of these methods to fund their PayPal account, only permitting purchases up to the amount of their prepaid PayPal balance.

For those on the receiving end of a payment – such as an online casino player requesting a withdrawal – they will receive their funds directly into their PayPal account (for a small fee). From there, the money can be transferred to a linked bank, or left in the PayPal account for future purchases.

PayPal MasterCardMembers also have the option of requesting a free PayPal MasterCard or PayPal Visa debit card. These cards grant users instant access to their cash at hundreds of thousands of ATMs worldwide. They are also useful at any online and retail locations wherever MasterCard / Visa is welcome.

PayPal Canadian Casinos in 2018

For many years, PayPal evaded the online gambling industry like the plague. The company had no desire to operate in a gray-market vertical where the laws were too ambiguous to define. Once certain jurisdictions began unilaterally regulating the industry, that began to change.

PayPal’s stubborn nature is admirable. It has kept the company safe from legal wranglings that have plagued many of its rivals over the years. The company will only partner with internet gambling operators that demonstrate a commitment to lawful activities and best business practice.

It takes a stellar reputation to become an approved PayPal merchant in this particular field of business. According to their customer help section, the company will not align itself with any merchant that fails to comply with local and/or international gambling laws.

PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal. To be approved by PayPal, merchants must demonstrate to PayPal’s satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal.”

Of the near 4,000 online gambling operations currently in existence, little more than 250 of them are approved PayPal internet casinos.

There is one very important lesson internet bettors can take from this. If a gambling website has attained approval as a PayPal merchant, it speaks volumes to that operator’s integrity. There’s no need to investigate their reputation. PayPal already has.

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