Casinos with PayPal as payment option are finally here. Although only a few PayPal casinos, online casino sites accepting PayPal, are there today, it is exciting news for many online gambling enthusiasts.
Online casinos, although they have been using many different net payment systems, had always been restricted to many people because of their inability to accept transactions using PayPal. Most people using internet today are using PayPal for their net banking needs. For whatever reason, it is the most trusted, most used payment/receipt service using the internet. The company, which is a subsidiary of eBay inc, boasts a revenue of, according to Wikipedia, $ 2.3 billion in 2009! It is a payment system that is very easy to use. One only needs an email id, whether Yahoo, Gmail etc. To open an account in PayPal for free. Then using this account one can receive money, shop online, send money virtually anywhere in the world.
PayPal had till recently been staying clear of gambling sites, not offering their services to them. They must have a change or heart or 'money' because online casinos with PayPal as banking option have started to get noticed. They are still very few though. Only a couple of big online casinos including and Betfair casino now offer PayPal for deposit/withdrawal. Yet it should be significant, given the popularity of PayPal. The online casinos and of course, PayPal too, are sure to gain from this. And for the online gambling enthusiasts, the options are much wider now.
At this stage only a few countries in western Europe and Australia can avail of this facility. The rest of the world can be assumed would eventually be accepted as time goes by. Even this PayPal casino sites currently have differing restriction based on residence of countries. Some accept more countries than others.
Even though the list of online casinos accepting PayPal today are limited, and the countries who can avail it are few, this opening up of gambling sites to PayPal users is sure to excite many online gambling customers. More so would be the gambling houses and PayPal too as this will definitely spike up their revenue in a big way. As time goes by and more and more countries can avail of doing gambling transactions using PayPal and more online casinos join in the fray, it is probable that this will impact the online gambling industry in a big way.
Online casinos, although they have been using many different net payment systems, had always been restricted to many people because of their inability to accept transactions using PayPal. Most people using internet today are using PayPal for their net banking needs. For whatever reason, it is the most trusted, most used payment/receipt service using the internet. The company, which is a subsidiary of eBay inc, boasts a revenue of, according to Wikipedia, $ 2.3 billion in 2009! It is a payment system that is very easy to use. One only needs an email id, whether Yahoo, Gmail etc. To open an account in PayPal for free. Then using this account one can receive money, shop online, send money virtually anywhere in the world.
PayPal had till recently been staying clear of gambling sites, not offering their services to them. They must have a change or heart or 'money' because online casinos with PayPal as banking option have started to get noticed. They are still very few though. Only a couple of big online casinos including and Betfair casino now offer PayPal for deposit/withdrawal. Yet it should be significant, given the popularity of PayPal. The online casinos and of course, PayPal too, are sure to gain from this. And for the online gambling enthusiasts, the options are much wider now.
At this stage only a few countries in western Europe and Australia can avail of this facility. The rest of the world can be assumed would eventually be accepted as time goes by. Even this PayPal casino sites currently have differing restriction based on residence of countries. Some accept more countries than others.
Even though the list of online casinos accepting PayPal today are limited, and the countries who can avail it are few, this opening up of gambling sites to PayPal users is sure to excite many online gambling customers. More so would be the gambling houses and PayPal too as this will definitely spike up their revenue in a big way. As time goes by and more and more countries can avail of doing gambling transactions using PayPal and more online casinos join in the fray, it is probable that this will impact the online gambling industry in a big way.
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