PayPal is one of the leaders of secure online payments since 1998. This is one of the most significant discoveries since the creation of the World Wide Web. Many transactions are carried out with the help of PayPal. Prior to the merger with eBay, the company served the gambling industry. With the change of leadership, the vector of the company's activities has changed. eBay did not want to associate with the gambling business and change the corporate vector of development. Since the beginning of 2015, PayPal is again in free float. At the moment the company is in the process of concluding cooperation with many gambling houses. This payment system has advantages and disadvantages.
Among the PayPal pros are the necessary to allocate an ultimatum level of safety. PayPal has a valid European banking license and cooperates with a variety of banking organizations. The transaction speed allows you to receive payments within a few seconds. Players do not pay a commission for replenishment of the deposit or withdrawal of funds. This nuance is the most beneficial for any user. At the moment, only a small number of casinos are cooperating with PayPal. However, the trend is changing for the better. Integration with the payment service allows you to carry out round-the-clock rapid transactions without commission. The company develops algorithms to provide an advanced level of transaction security. If you are looking for the most secure payment system - PayPal will suit you 100%.
The main PayPal cons are the small number of contracts concluded with the casino. The gambling market has a very small number of casinos accepting PayPal transactions. Industry leaders are Neteller casinos and Skrill. Due to the small number of casinos accepting PayPal payments, an average user will have to spend more than one hour searching for a gambling website. Integration with various casinos takes a long period of time. Perhaps in a few years, the situation will change. PayPal needs a large amount of time to occupy a significant market segment. The main problem is the lack of anonymity of PayPal since 2016. All transactions occur when the users are fully identified. Obviously, this is not the best option for anonymous gambling.
Obviously, PayPal needs several years of hard work to occupy a significant segment of gambling. Many people use PayPal casinos for transactions and payments. So why not to use it in the gambling industry? Only time will show the future trend. The company makes confident steps in this area and concludes contracts with many casinos. PayPal is the safest way to online payments. This fact motivates many players to use this company to replenish the deposit and withdraw money. Of course, the fact that there is no anonymity has a number of negative features for anonymous gamblers. However, many positive factors prevail over shortcomings. If you are not a fan of anonymous gambling, you can safely use PayPal.