PayPal is huge in Australia, and we’re not the only ones to have fallen in love with this service. PayPal is easy to use and it is secure. What’s more, it is available on most online casinos and other gambling sites, and if Aussie’s love anything more than PayPal, it’s gambling.
What is PayPal?
Founded in 1998, PayPal is the biggest online payment provider in the world. PayPal was co-founded by the tech genius Elon Musk, who also went on to found Tesla Motors, and in the early years it was the main payment provider for eBay, before branching out to being used on all sorts of e-commerce websites.
PayPal lets users send and receive from an online “wallet”. It is basically an online bank account, and one that can be funded through a number of means, before this money is then used on all sites that are compatible with PayPal. It is safe, it is secure, and many like it for its speed and simplicity. PayPal is actually quicker than using credit cards and debit cards because to pay for an item with PayPal, even on a site you have never used before, you simply need to click “Pay” and then wait for the service to do the rest. There is no need to constantly input payment details, and no need to give your financial details out to every site you make a purchase on.
PayPal and Gambling
PayPal was against gambling in the early years and it seemed highly unlikely that would change. Anyone caught using PayPal to gamble with, and any gambling sites that accepted it, were immediately suspended from the service. This clearly didn’t make sense from a financial point of view, not with the million of dollars passing through these websites every day. That’s why PayPal eventually made a u-turn, changing their policies and becoming popular with online casinos, sports books and other gambling sites more or less overnight.
However, it’s still not that simple, because PayPal still don’t facilitate online gambling if it is illegal in your country. This is why you won’t find PayPal accepted on casinos that appeal to US players, and similar restrictions are placed on players from other countries. Here in Australia there are no such restrictions.
Benefits of Using PayPal?
Ease of use definitely leads the way. You can’t ignore the accessibility of being able to instantly make a purchase on a site you have not signed up to and a site you have not given your financial details to. PayPal is also accepted everywhere, even in the online gambling world, so that’s also a bonus.
When it comes to online gambling, PayPal is also a great way to store your bankroll. This makes it ideal for professional gamblers, and also for anyone who has an issue with gambling and wants to restrict how much money they have access to or how much money they gamble with at any given time.
PayPal is safe, secure, and it’s also available in over 190 countries and over 2 dozen currencies.
Downsides of Using PayPal?
PayPal charges fees, and while you should not be charged these for making a deposit, you may find that your withdrawal amount has been reduced to cover them. A huge downside of PayPal used to be their customer service, but this has picked up. A lot. Just make sure you phone them instead of emailing them, as that side of things is still lacking a little.
To get the most out of PayPal you need to be verified, and this is a fiddly and occasionally frustrating process, but providing that you have immediate access to your bank account in order to make the checks they require, then it is a relatively painless process.
The Best PayPal Casino
Jackpot City has accepted PayPal from the outset. This Microgaming casino has it all, with a pick of the very best pokies from Microgaming (including favorites such as Avalon, Thunderstruck, Winning Wheels and Football Star) as well as table games such as Double Exposure Blackjack and Multi-Hand Roulette. Jackpot City also has some big bonuses, the best of which you can pickup as soon as you signup, providing you have not signed up in the past.
To make a deposit with PayPal, simply click onto the Cashier, select “PayPal” and the amount, and the server will do the rest. If you are already logged in then you will be taken to a loading screen and then back to a confirmation screen. If not, simply login and this process will occur.
Before you withdraw, you will need to play through your winnings several times over. To do this, it’s best to stick with games that have low house edges, such as video poker, blackjack and even baccarat, or slot machines such as Game of Thrones, Terminator 2 and Cashapillar. This way you will be able to meet the play-through demands, without losing the cash that you’re hoping to withdraw. Don’t increase your stake though. It’s tempting as you try to speed up the process, but it’s also a guaranteed way to lose all of your cash, in which case there will be nothing to withdraw anyway.