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General information about PayPal

PayPal is an American company that has created an international electronic payment system. As a result thanks to this company, people around the world have the opportunity to make payments and transfers worldwide.

History of the company

PayPal was founded in December 1988, but it did not achieve much success. Its name was Confinity. In 1999, the company started a partnership with X.com. However, due to disagreements, a change of focus, and employees, the company changed its name to PayPal in 2001. In 2002, the company was acquired by eBay and became a separate company in 2015. Subsequently,  the company’s rapid development began, and as a result, it now operates almost all over the world.

Opportunities that PayPal provides

  • Transfers: users can make transfers to other users of this program worldwide.
  • Online payments: You have an opportunity make online purchases using PayPal in online shops.
  • Mobile payments: using your mobile phone you can pay for online purchases and manage your accounts.
  • Customer protection: using this programme, you are protected from fraudsters and provides the possibility of refunds in certain situations.

Pros and cons of PayPal

Speaking about the pros, we can say that:

  • The PayPal application is straightforward; you can make any transfer and payment without entering your bank card details.
  • The card is international, which means that you can make payments and transfers anywhere. If your bank is not supported by any shop or site, you can not worry about this problem using PayPal.
  • PayPal provides excellent security for its users. The company’s security does not allow fraudsters to access users’ data, and when buying goods on fraudsters’ sites, you have the opportunity to return the funds.
  • Payments in the casino are made with a couple of clicks; you do not have to enter your bank card details and other necessary data. In addition, payments through PayPal are faster than through bank cards.

Speaking about the cons, we can say that:

  • In some instances, the company imposes a commission for transfers and payments.
  • In some countries, PayPal has limited possibilities or is not available at all.
  • If there are disputes, PayPal has the right to freeze the user’s funds or account.
  • PayPal is not supported in all casinos, so users have to make payments using other methods.

Instructions on how to use PayPal in casinos:

1) Create your account by installing an App Store or Play Market application or going to the official website.

2) Register at a casino that supports payments using PayPal.

3) Link your PayPal account to the casino with your email and password.

4) After all is done, you can easily make deposits and withdrawals.