People who depend on online transfers for sure know about PayPal. It’s probably the most popular international fund transfer method of our time. Primarily based in the US, PayPal has pretty much revolutionized online payments for us.
The same goes for the iGaming industry as well. Most of the online casinos you can find in India accept it as a deposit method. Most of them allow withdrawals too! The fact that PayPal is available with its full itinerary of services in India has worked to the benefit of the industry.
In our post today, we’re going to explore different aspects of the payment method and learn how you can deposit and withdraw using it. Without any further ado, let’s get started.
PayPal is technically an e-wallet that you can use as a bank account as well. But keep in mind that you cannot use it as a bank account because there are no interests. It was founded back in 1998, making it one of the pioneers in the e-wallet industry.
Did you know that Elon Musk was once a shareholder in PayPal? Although he later sold his shares and started SpaceX, it has been an interesting trivia. Another Trivia is that the name of the company was not PayPal from the very beginning. It was Confinity!
PayPal has shown the world how seamlessly it has integrated with all major merchants and banks all over the world. Using the Xoom component, you can send funds directly to any bank account you want, anywhere in the world you want! Some of the other PayPal components are Venmo and Zettle.
Staring from the sign-up to account deposits to withdrawals, every step of the way is paperless. You don’t even have to set foot outside the comfort of your home. Even if you did, it wouldn’t benefit you in any way because the entire operation is handled online.
Another huge benefit of using PayPal in India is that you can use it as your primary mode of transaction. Online merchants, offline merchants, banks, and even online casinos in the country accept it and respect it as a safe and reliable payment method.
If you’re familiar with how e-wallets work, you might already know how PayPal works. You start by opening an account, which we’re going to cover in the next section. Then, you deposit into your account using regular banking channels such as account transfers or card payments.
Once you have the funds in your PayPal account, you can do whatever you want with it. In fact, the company has added the facility to buy Bitcoin right on the wallet! Keep in mind that your unique identifier for this payment method is your email address. Whether you’re receiving funds or sending them, it’s the email address you’re going to use.
Before anything else, you’re going to need a PayPal account to deposit into your casino account. Thankfully, signing up for PayPal is a very streamlined process. You can complete the entire thing within a few minutes.
The primary purpose of this guide is to educate you on PayPal casinos. So, how can we leave out the instructions on how to deposit into your real money account? Follow the steps below for the most seamless transactions.
Just like the deposit, you can withdraw your real money funds as well as the winnings you generate from the games using PayPal.
The cost of being a very convenient payment method is the fees. While PayPal casinos don’t charge anything from the players, the method itself has some operating costs. For example, deposits and withdrawals from your account will incur a small fee every time.
Also, when purchasing something online or sending money to a different country, you’ll need to pay for processing as well as currency conversion.
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Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.