You have probably heard of e-wallets if you have not used them. An e-wallet is an online account you use to keep your money and make online purchases at www.kingcasino.com.
There are numerous e-wallet options, including Neteller and Skrill. However, the most popular of them all is PayPal.
PayPal was developed in 1998 and was initially known as Confinity. It was in 2011 that it was renamed PayPal.
Are you wondering if PayPal is a good payment option for online gambling? There are many reasons why this payment option is popular among many gamblers.
· Security: PayPal uses multi-layered security measures to provide customers with secure online payment methods.
· Fairly Low Fees: the e-wallet charges a very low fee when used for gambling activities.
· Speed: PayPal payments are speedy, smooth, and efficient, saving you time.
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How to Use PayPal to Make a Deposit at a Casino
The first step you need to take is registering with PayPal if you do not have an account yet. Go to the official PayPal page and follow the steps to register an account. You can link your bank or credit card with your PayPal account to top up.
Once you have deposited funds into your PayPal account, proceed to your gaming account. To deposit your player’s account, follow these steps:
· Log in to the casino and navigate to the cashier section. Click to choose PayPal as a preferred payment method.
· Enter the amount you want to deposit. You will be directed to the PayPal page, where you must follow the prompts to complete the transaction.
· The money should reflect in your player’s account within minutes if there are no problems.
Interestingly, most online casinos accepting PayPal payments do not limit how much you can deposit. Some, however, will have a minimum deposit range.
In most cases, deposits made via PayPal are free. However, if you are using a different currency from what is in your PayPal account, you may incur a small conversion fee of about 0.3%-7.4%. This rate depends on the currency and the source of the money.
Some casino sites offer PayPal-specific bonuses for members using this method to deposit. Bonuses include free spins or matched cash, among others.
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Withdrawing to PayPal
The process of withdrawing winnings from the casino site is similar to the one used when depositing. You must click on the payment options page and select the withdraw option.
Click PayPal as the preferred method from the list that the casino provides. Enter the amount you wish to take out and submit. Always ensure that you read the terms and conditions before you can proceed to withdraw.
Withdrawal times vary depending on the casino. Funds should reach your PayPal account within 24 hours or, in other cases, seven working days.
PayPal is a good payment option for every gambler across the world. It offers secure, speedy, and affordable payments. So, if you are still considering whether or not to use PayPal to deposit at a casino site, you will be relieved to know that it is a reliable e-wallet.