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PayPal Slot & Casino Sites
PayPal is an e-wallet system which is particularly popular with UK players, especially those who have never played slots online before as a great many of them already have a PayPal account for historical reasons.
PayPal’s roots go all the way back to 1998 and from 2002 until 2014 it was a subsidiary of eBay where it was the default payment method. If you bought or sold on eBay during the noughties, you almost certainly have a PayPal account – along with 218 million others across 202 markets and 25 currencies.
PayPal’s advantages are largely to do with convenience:
- Several different cards can be linked to one PayPal account and the player only needs to remember one password.
- The player does not need to have their card with them/remember the CVC number in order to make a deposit.
- If a card is replaced by one with a different number after being lost or stolen there’s no hassle with the casino only wanting to send withdrawals to the same number card as was used to make the original deposit.
- The casino never gets to see the card details, but if you fund via a linked credit card the card issuer will see where the money is going and alert you to any suspicious transactions.
- PayPal has iOS and Android apps for secure payments on the move
- PayPal can be used without a credit card – the account can be funded directly from a bank account (or by selling things on eBay).
- Transactions can be checked at any time
- Unlike voucher payment systems such as Paysafecard, PayPal can be used for withdrawals as well as for deposits.
- PayPal is widely accepted outside the world of iGaming and this means if you get lucky you can easily spend the cash elsewhere.
The main disadvantage of PayPal is actually nothing to do with the product itself – it is the preponderance of PayPal related phishing scams. This is when you receive an email saying there is an irregularity with your account and inviting you to login to view transactions. The email includes a link which appears to be to PayPal, but actually goes to a fake PayPal login page – the object being to capture your login details and hijack the account.
PayPal do send out genuine emails reminding account holders that they can view recent transactions, and some of the phishing emails can be rather authentic looking and thus trap the unwary.
The safest strategy is NEVER to click on a link in an email to log in. If you think the email may really be from PayPal, simply navigate independently to the PayPal site to log in and check your account.
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