Paypal Casinos

Paypal Casinos

Paypal Casinos

Paypal Casinos are Online Casinos that accept Paypal as a banking option. For so long Paypal, the biggest internet payment processor, had been reluctant to offer their services to gambling sites. Just recently it seems they have finally relented. Today, a few major online casino sites are found to accept payment by Paypal.

Since the advent of internet payment system, Paypal has been the most prolific of the internet payment processors or "net banks". The company which is a subsidiary of eBay Inc. has one of the largest memberships. Their net revenue in 2009 alone amounts to a staggering 2.23 billion US Dollars ( source Wikipedia).

Paypal has always been known to be very strict in offering their services to business entities which are considered a little less safe or dubious. Although anyone is supposed to be able to open an account, some types of business which are not, in their opinion, viable or illegal, are usually refused services by the company. This is true of the 'Making money online' category of business and also many gambling related businesses.

Very recently however, they have opened their doors to online casinos, at least some of them. Big names in online Casinos like Betfair, Bwin etc. have started accepting Paypal as deposit and withdrawal option. It looks as though the potential of incomes from gambling sites become too much for them to ignore. For the existing and would be online casino enthusiasts it is very good news.

Although plenty of payment options like credit/debit cards, web wallets like Neteller, Moneybookers etc. have been existing for a long time the inclusion of Paypal has created a new buzz in the industry. It is mainly because it is one of the most trusted net banking option and one of the easiest to manage. The fees for banking services i.e. sending and receiving of funds, and the quality and safety of service attracts most people. Just by using an email can one send or receive money through the internet virtually from or to any parts of the world in an instant. Although there are still some restricted countries where it cannot be used, those are diminishing by the day as their network grew larger and larger.

Yet, though the news is welcome, the fact that only a few countries can avail of this facility leaves much to be desired as of today. The use of Paypal on Online Casino sites are currently restricted to a few western european countries namely Austria, Denmark, Finland,France, Germany, Greece, Ireland, Portugal, Spain, Sweden and the UK, and then Australia. Even this Paypal Casino sites are restricted depending on the Casino sites as some of them accept only a few of the said countries.

It is naturally expected that as time goes by, more and more online casinos will avail the service and the number of countries restricted will decrease. The proliferation of casinos that accept paypal will no doubt benefit the online casinos, Paypal or eBay Inc., and online gambling enthusiasts.

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