Many of you must have heard of e-wallets. They are wallets but used online. PayPal is one of the most used e-wallets in the world. Transactions using PayPal are easy and efficient. For an e-wallet all you need is a email id, an account number or a card number.
Other than PayPal there are other wallets like Skrill and Neteller. But PayPal is the largest payment company according to the statistics. It moved $228 billion in 30 different countries in 2014.
No matter what is the transaction is about PayPal is always a viable option. You can also use your PayPal account for online gambling.
Which countries do and don’t approve PayPal gambling?
If you are from UK, Austria, Belgium, France, Denmark. Finland, Portugal, Italy, Greece, Ireland, Spain and Sweden then you can use PayPal for gambling. See more here about which casinos accept paypal as a payment option. But if you are from India, US, Turkey and Egypt you can’t use PayPal for online gambling.
How to Deposit with PayPal
Depositing with PayPal account to a casino is a breeze. There are four easy steps you need to follow.
Go, to the cashier section, then choose PayPal.
Enter the amount you want to deposit. And then you can use the promo or bonus code if you have one.
Click submit, and you will go to your PayPal website where you need to login to your account to verify the payment.
Casinos take your deposits, if it is between the range of $0 – $10,000. Most of the gambling sites do not take fess but some do charge a nominal fee.
Bad news for Americans, PayPal isn’t legal in United States because of the Unlawful Internet Gambling Enforcement Act.
PayPal is the easiest way to do transaction in online gambling. It can be easily created without any fees.
And it has multiple purposes. You can use it for transactions other than gambling.