PayPal Accepted Casinos - Online Casinos Accepting PayPal Casino Deposits

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The world’s largest online payment processor is PayPal, and currently the company has more than 100 million account holders in locations all around the world. The company is truly remarkable in that it provides a way to send money, invoices, and deposits, and to also receive payments and transactions in one simple and easy to use platform. Millions of account holders look to the site for almost all of their business and personal financial transactions. Until only recently, however, it was unable to serve as a payment or withdrawal method for many of the world’s online casino players.

It all began in the fall of 2006, when PayPal and all other financial processing companies working within the United States were forced to withdraw from participation and service at online casinos due to the enactment of the UIGEA (Unlawful Internet Gambling Enforcement Act). This Act also resulted in the largest publicly listed online casinos abandoning the American markets, but the smaller privately owned companies continued to operate. The regulatory documentation and the risk of serious legal issues made PayPal hesitate to re-enter the entire online casino industry.

Fast forward to early 2008 when a gathering of federal regulators before the United States Congress admitted that enforcement of the UIGEA would impose serious burdens on their departments and agencies. This resulted in the introduction of new legislation allowing online gaming in the United States without any worries about UIGEA regulations.

Once that occurred, many online casinos began to once again offer PayPal deposit and withdrawal options to their account holders. There are still no casinos offering PayPal options to American players due to the company’s strict adherence to the standing legislation, but the majority of residents in all other nations are able to choose this safe, secure and easy option.
Currently, some of the most popular online casinos have once again begun to offer PayPal options, and these include 888.com, Ladbrokes, Bwin, Paddy Power, Betfair and the Lucky Ace casinos.

The reason for the site’s popularity with the online gaming community is that it is a very simple platform that provides as “one stop” solution. When a gamer establishes an account with PayPal, they can use it to make all of their deposits which can be funded through their registered banking and credit card accounts. They can also have all winnings deposited into their PayPal account via a registered casino’s withdrawal procedures.

All private information and data security are backed up by PayPal policies that insure against any financial losses or hacking issues. To date, the company has never had a security problem or a customer who has sustained a loss.

Another reason that so many online casino players choose PayPal for accounts is that it is available in more than one hundred and ninety countries, and supports a staggering nineteen different currency exchanges. This allows international gamers a huge range of options and flexibility with their choices.

If there is a downside to using PayPal for online casino transactions, it is that there is always a two or more business day delay in the transfer of funds from the PayPal account to a registered bank account.

 

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