If you are into online gambling like bingo or poker or if you love to bet on your favorite sports, then give PayPal a thought. You must be thinking that what I am talking about at you’ve mostly heard of PayPal as a part of performing e-commerce or in e-shopping. So you are wondering how come PayPal drops in the world of online gambling! I would like to remind you here that online gambling also includes online transaction of money.
If you are not acquainted with the term PayPal then this is just to inform you that PayPal is world’s most trusted platform of online money transactions. You can call it a virtual wallet where you can store money, transfer money and deposit money. Online gambling requires you to transfer funds online.
For example, if you want to participate in an online casino, then the first task will be buying bets to begin your game.
While some of the online casino sites offer to start off with a particular amount of free credits and free bets, but most often you need to fund your own. The same rule goes for bingo or poker as you need to buy poker credits or bingo jackpot at first with real currency.
Now, you can user PayPal for funding online gambling only if you are a citizen of UK or a few particular European countries where gambling have become legal already. But in USA where gambling is still an illegal activity in the eyes of law, you have to wait foran uncertain period of time when this game will be legal for playing. If you are regularat online bingo or poker sites then you must have noticed that most of the sites offer a number of secured online payment methods to its users or players.
But there is a hitch with the site-wise money transferring system. Most of them hold a list of credit cards which they accept for money transfer.
Now, once you use one of your credit cards to transfer funds online when you are in a hurry, it will take a good amount of time to processing the money in reality. The security check performed by the sites gallop huge time before your funds are actually ready for use. Which casino or bingo or poker player would like to stay in the loop while he/she is in full mood of hitting the jackpot? I guess none! Moreover, the sites charge additional fees during each money transfer.
With PayPal you can enjoy the quickest money transfer without paying any additional fees. This online payment platform also saves you from sharing your core personal credit card details with the online gambling sites as you cannot blindly trust them. PayPal levies a great amount of security precautions to safeguard your account and your personal details from being vulnerable to any threats.
The most beneficial part of using PayPal in Bingo or poker is that when you win a game you can easily deposit the same to your PayPal account and then can again transfer the amount to your bank at your convenience.