PayPal is among the most famous e-commerce services in the world. As a wholly owned subsidiary of eBay, PayPal is the official payment method for the famous electronic auction web company. However, PayPal is not typically available as a payment method at online casinos. This article takes a look at the PayPal restrictions impacting online gamblers and the best alternatives when making real money deposits at secure Internet casinos.
Casinos accepting Paypal
Background of PayPal
PayPal was created in 1998 and was then known as Confinity. The company offered security software and then was developed as a money transfer service in 1999. In 2000, the service merged with X.com – an online banking company – and then in 2001 it was renamed PayPal. PayPal went public in 2002 and that same year eBay acquired the payment service.
PayPal became the number one payment method for eBay transactions, and by 2010 over 100 million user accounts were active in over 190 countries.
When it comes to online casino gambling deposits, the service was the largest payment ‘middle man’ for online gambling transactions up until 2003, which is when PayPal removed its service from the entire market. However, in 2010 PayPal resumed operations in the iGaming industry, but only allowing deposits and withdrawals for sites operating in countries licensed for online gambling, like the United Kingdom.
PayPal alternative deposit options
Those searching for PayPal alternatives might consider rival companies like Neteller oe Skrill (formerly Moneybookers) which have far greater reach and scope in the online gambling market. Learn more about these Internet banking systems below.
Neteller is considered to be the best virtual wallet for online gambling transactions, alongside Skrill.
Neteller use to handle 80% of all gaming-related transactions online, before it was forced to withdraw from the US industry. Fortunately, the web wallet is still available for online gamblers from many other countries. Open an account and fund your Neteller web wallet with a personal bank payment method to make a deposit at the online casinos recommended in our casino table above.
Skrill web wallet
Skrill (formerly known as Moneybookers) is considered to be the other top virtual wallet in the iGaming industry.
Skrill underwent a rebranding from the name Moneybookers in 2011 after Facebook, Skype and eBay adopted the services. Additionally, it is found at all our recommended online casinos.The payment service also offers the Skrill 1-Tap service which allows players to make quick deposits after their first one on their mobile devices.
Simply register an account with Skrill and fund your web wallet with a personal account in order to make a deposit at the secure online casinos listed in the table above.
Note: POLi is no longer accepted at online casino sites. The information provided below was written when POLi deposits were still available and is for records only.
POLi is an online payment system which is fast becoming a favoured payment method for many big name brands, not just within the gambling industry. These corporations include Australia Post, Jetstar, Virgin Australia, Air Asia and Air New Zealand.
POLi is a secure online payment system which allows you to use your usual Internet banking account to securely pay for goods and services on the Net. It acts as a ‘middle man’ between your web casino account and personal bank account.
One of its stand-out features is that POLi is available exclusively for Australian and New Zealand residents, which makes this service a great alternative to PayPal. POLi is supported by Australian financial institutions like Commonwealth Bank, NAB, Westpac, BOQ, Citibank and ANZ.
When it comes to spending money at online stores and auction sites like eBay, PayPal is inarguably a fantastic choice, but for the limitations it proposes, we recommend casino players choose a deposit method more suited to the online gambling audience. Raging Bull Casino gets our vote as our top-rated casino site for players from United States, which has some excellent welcome bonuses available for new players.
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