The Benefits of Using PayPal to Play Online Games

LONDON - England - PayPal is a hugely useful online monetary tool for an assortment of payments that is going from strength to strength.

paypal

PayPal was one of the first fintech companies that helped revolutionise how we all thought about money, payments, banking and the internet. Fast-forward a few decades and, unlike some of the other companies which came to prominence during the tech boom of the 1990s, PayPal is still around, still innovating and is still just as strong as ever.

You might be most familiar with PayPal from using it for online shopping, but you might be surprised to learn that PayPal is an ideal digital wallet for playing online games and using online casinos.

The convenience of PayPal

One of the reasons PayPal has succeeded where its competitors failed is that it started in the fintech industry as a very convenient service. There are now many other fintech companies which compete with PayPal and provide similarly streamlined, easy to use services, but for many years PayPal was the leader in the space.

PayPal is easy to use; it is free to open an account, plus you can use your account for gambling, shopping, paying bills and nearly any other online payment needed. PayPal also clears payments and deposits very quickly and offers decent foreign currency exchange rates. It is only used as a payment method for trustworthy online casinos which operate in states where gambling is legal, so you know you can trust the service.

Using PayPal for video games

When you are in the middle of playing your favourite online game, it is likely that the last thing you want to do is fumble around with your wallet to plug in your card details. PayPal is an ideal digital wallet because it is free to create and use a personal PayPal account.

Unlike other bank accounts, you can easily create a PayPal account online in just a few minutes, and then add money to your account directly, minimising wait times and processing fees.

A report from VentureBeat found that roughly 26% of gamers are already using PayPal to make in-game purchases and for downloadable buys. As more gamers begin to grow accustomed to PayPal, that number is sure to increase.

Payment security and PayPal

Many gamers and gamblers choose to use PayPal over other, more traditional payment methods, because of the security measures inherent in a PayPal account and a PayPal transaction. PayPal uses sophisticated encryption technology to ensure the safety and protection of your financial data. If you have ever had one of your online accounts hacked, you will understand how important this is.

Finding the best online casinos with PayPal

Sometimes it can be challenging to find out whether or not a specific online casino takes PayPal. It can involve trawling through the terms and conditions of dozens of different online gambling platforms and apps. NetEnt has helpfully collected information about all of the top online casinos with PayPal and listed the best bonuses, registration offers, and conditions available on the sites.

Using PayPal to make a deposit into your online casino’s account will ensure that your financial data is protected. It will also cut down on processing delays and fees between your bank and the online casino. Online casinos are extremely diligent about user safety and cybersecurity. However, there is always the possibility that one of your other accounts could be hacked, or your data stolen, unless it is adequately encrypted.

PayPal also fastidiously follows the law and ensures that you can only make deposits into online casinos in the states where gambling is legal. While some users may find this frustrating, others will find this restriction reassuring as it means you will never end up in a situation where you place a bet after crossing state lines without realising. Every year, more states in America take steps towards legalising gambling and lessening their restrictions, so even if your state currently bans gambling, it may be legalised soon.

Looking to the future

While not every online casino offers PayPal, more and more online casinos are beginning to broaden their payment methods to make their platform more appealing and increase the quality of the customer experience. You can expect to see more casinos offer PayPal in the future. You are also likely to see an increase in other types of payment accepted, such as various cryptocurrencies, wire transfer, and online banking services.

Regardless of what the future may hold, you can be sure that the online gambling industry will continue to innovate and work to provide a secure platform for users.