PayPal is an online electronic payment system that was created in 1999 by Elon Musk as a revolutionary new way to move money around on the internet. PayPal being one of the oldest adaptations of the electronic wallet system or "eWallet" was called Confinity back in 1998 and was acquired by Elon Musk from eBay by merging his existing company, X.com with Confinity to form PayPal.
As the eWallet payment system gained popularity, more and more online vendors have adapted to this new method of payment, and through its success, paved the way for many new iterations of online eWallet services. PayPal still remains today, one of the most convenient and cost effective ways to do online payments.
Figures have shown that more and more South Africans have been taking on to the trend, as it seems cash and card payments are becoming a thing of the past. With the online payment platform these days featuring other popular eWallet payment options such as Skrill, Neteller and ecoPayz and many others offers the player the freedom of choice. Besides being a convenient way to do your online transactions, we have listed a few of the other benefits of using the PayPal payment option at your favourite online casino.
eWallets such as PayPal offer the player extra security as all your personal banking details are safely encrypted and hidden from prying eyes online.
For being around for quite some time now, PayPal has had a good track record of being experts in the field by being known as the safest, most transparent and secure way to do your online payments.
PayPal as well as other eWallet services uses a different method when compared to conventional banking methods. When moving money from one account to the other, your eWallet will only display the full lump sum transferred and no other personal transactional information as you would normally get when using a card payment.
PayPal payments are usually up to five times faster than other conventional payment systems such as Bank Transfer, Visa and MasterCard with the eWallet service normally taking around 24 hours to process to your account when making a withdrawal request at an online casino.
Many online casinos now encourage the use of eWallet services and offer exclusive bonuses for using this payment option.
The quality of an online casino vendor can be measured by the services available on offer, and even though you might still find a few online casinos that do not offer PayPal as one of their payment methods, you can be sure they will accommodate one of the other eWallet services. One thing that remains vital across the board is that security is the pivotal prerequisite of all respected online casino brands. With all the benefits so clearly outlined, there is no reason that South Africans would not want to play at a PayPal online casino.