PayPal was established in the USA by Maxim Levchin and Peter Till in March 2000. However, as a result of US Government restrictions regarding gambling, PayPal was no longer allowed to be used as a platform from which to fund online casino payments. Fortunately, many European, Asian, and Australian countries don’t have the same regulations, and PayPal is an accepted – and often encouraged – method of making and receiving payments to and from online casino sites. In fact, some online casinos such as mFortune set minimum deposit requirements at a low amount, which encourages players to gamble and enjoy their favourite mobile casino games responsibly, and also makes it accessible for more conservative budgets.
Domestic and International Transactions
Although PayPal performs some of the functions of a bank (e.g. deposits, withdrawals, transfers) is not a bank. It doesn’t charge interest, or give loans. Instead, it’s recognised as a commercial establishment in the US for money transactions, including domestic and international deposits and withdrawals. Like any commercial establishment, it has to adhere to codes of practice and certain guidelines laid by the US Government. PayPal is known for providing its users with a highly secure platform that’s easy to use, internationally recognised, and highly functional. Since its return to the online casino sites industry, PayPal has added another notch on its belt of credibility, and has become a prominent player in the mobile online casino sites industry.
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Ensuring Personal Security at Online Casino Sites
eWallet service providers offer users trustworthy services, and PayPal is the leader of the pack! They use industry leading SSL technology to automatically encrypt confidential information, as well as a proprietary ‘fraud engine’ to help stop unauthorised and illegal transactions. So is it any wonder that more and more online casino sites prefer to use PayPal as their preferred method of payment?
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Unfortunately, players in the USA won’t experience the same variety and abundance of choice that other international players enjoy due to the Internet Gambling Enforcement Act. However, this doesn’t mean that they are spoiled for choice. There are many free no deposit casinos with free bonus offers that accept American players, and even if these online casino sites aren’t PayPal enabled, players still have the option to make deposits using their debit/credit cards, as well alternative eWallet solutions.
PayPal online casino sites are growing from strength to strength in the UK mobile casino industry, and are increasingly making their presence felt in Canada and Australia. If the proof is in the pudding, then users will be pleased to know that over 190 countries worldwide and over 140 million customers stand by PayPal’s reputation for service excellence.
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