One of the most popular, most used eWallet services, PayPal has been around for over two decades. PayPal was founded in 1998 as Confinity by Peter Theil, Luke Nosek, Elon Musk, Yu Pan, Russel Simmons, Ken Howery, and Max Levchin. Fast forward to 2022, PayPal is the most used financial service of this kind, alongside Neteller and Skrill.
The history of PayPal boasts a tremendously successful innovation and growth route. PayPal operates globally. At the moment, PayPal is available in over two hundred regions and countries. It supports twenty-five currencies and allows hassle-free transactions over borders. PayPal is also one of the safest payment options of this kind as it utilizes the most advanced encryption software.
Essentially, it allows customers across the globe to conduct safe financial transactions using their electronic devices. With PayPal becoming extremely popular across the globe, there is no wonder why many online casinos started accepting PayPal deposits and withdrawals. In fact, the iGaming industry features hundreds of excellent PayPal casinos, and these cater to customers residing in many different countries.
The Rise of PayPal Online Casinos
When it comes to PayPal and its connection with the growing online casino industry, this eWallet service doubtlessly revolutionized the industry by offering more convenient, more reliable, and safer payment options. The growth of PayPal as an electronic payment system has been one of the major driving forces behind the growing popularity of online casinos that accept PayPal. As mentioned at the beginning, PayPal online casinos operate across the globe in most jurisdictions where online casino gaming is legal.
Kenya is one of those countries in which PayPal is one of the most used options for making online purchases and transactions. As presented on this page, Kenya’s best PayPal casino sites employ remarkably safe banking services offering rewarding bonuses and promotions, and rich gaming libraries. Speaking of Kenyan PayPal casinos and other online casinos accepting PayPal, these are all reputable, reliable, and trustworthy iGaming venues that are fully licensed.
Essentially, there are no PayPal casino websites operating in any iGaming market without a proper license issued by a reputable iGaming regulatory body. The rise of PayPal casino sites has been evident for quite a while. One of the biggest reasons behind the service’s growing popularity among online casino players is the reassurance of a brand name.
The service has managed to build up loyalty in its customers over the course of two decades. It is not a secret that the sight of a brand name such as PayPal instantly builds conviction and trust among casino players. Then, there are many different benefits of using PayPal to make online casino deposits and withdrawals.
Major Benefits of Using PayPal in Online Casinos
The best PayPal online casinos have no shortage of excellent real money casino games. Considering the fact that all of the top PayPal casinos are licensed by reputable iGaming governing bodies, players can rest assured that they are playing their favorite games in the safest gaming environments. Aside from offering spectacularly rich gaming libraries, casino sites that accept PayPal offer rather generous regular bonuses and promotions and this is yet another benefit of joining such iGaming platforms.
According to this Statista report, there were 426 million active PayPal accounts in the fourth quarter of 2021. Many PayPal account holders are online casino players who prefer using this payment option due to its simplicity. The overall PayPal system is extremely easy to use. The eWallet system is known for its user-friendly layout and efficiency. This does not come as a surprise considering PayPal has been around for over two decades.
Joining the best PayPal casino sites allows you to fund your account and get your winnings easily and quickly. All PayPal deposits are processed instantly. In addition, most casinos accepting PayPal process withdrawals requested via PayPal within twenty-four hours and free of charge. Essentially, when using this payment service, you can expect to get your winnings almost instantly. Hassle-free, instantaneous transactions remain one of the biggest reasons why casino players prefer using PayPal over similar payment options.
Other Reasons Why Casino Players Favor PayPal Over Other Banking Options
While casino players enjoy instantaneous deposits and withdrawals that PayPal allows, the security detailing of the service is way more important. In fact, this eWallet service is one of the safest payment options offered by online casinos. Joining an online casino that supports this banking option means all of your transactions are properly safeguarded at all times. The strongest, most advanced level of security is one of the most crucial features of the service in general.
What makes PayPal the most popular payment option among online casino players is also the fact that the service does not charge high commission fees. Using other similar payment options may come with excessive transactional fees, but this is not the case when using PayPal. In addition, the whole payment system is extremely flexible and setting up a PayPal account is fast and easy.
Aside from being able to make hassle-free online casino deposits and withdrawals, PayPal account holders can pay online for services and goods, pay their bills, or use their PayPal funds for a variety of other purposes. These amazing benefits added to the service’s impeccable reputation and longstanding legacy make PayPal the most popular payment option among both experienced and newbie casino players.
