Online Casino Industry Favors PayPal More Than Anything Else

Published: 10/08/2020

Reading Time: 3 Min

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The online gaming platform is experiencing a historic boom because of the coronavirus pandemic.

With majority of the world in lockdown, people are stuck in their homes. This is why recent surveys have shown that there is an exponential surge in online casino and entertainment platform activities.

Although online casino platforms have already been in existence for decades, it is only recently that they have reached the mainstream consciousness. People are now starting to appreciate the convenience that online platforms offer.

With the rise of online casino platforms, there is also a rise in demand of online payment processors. Although there is a plethora of choices in this particular aspect of online transactions, PayPal appears to be the leader in the industry.

PayPal and the rise of online casino

Due to the connectivity aspect of online casino, payments are also done online most of the time. This means that players have to use any means of online payment processor. There are a lot of online payment processors in the market but PayPal is widely considered as the pioneer and the most trusted platform of them all.

Although there are a lot of factors that affect the player experience when it comes to an online casino, one of the most common factor is payment. Players want to have an easy access to payment platforms in order for them to easily channel funds into their account or withdraw their winnings.

Thousands of platforms offer such kind of service but PayPal is one of the most trusted. In terms of online casino, banking has always been the gold standard when it comes to transferring of funds, but that is slowly changing as the world starts to embrace the internet.

In order to cope up with the demand, online wallets have also started to pop out. Services like Neteller and Skrill are getting popular nowadays. While these platforms offer fast and efficient money transfers, they have been criticized for their sky high transaction fees.

The popularity of PayPal

During the early days of online casino, PayPal is not always the top choice. However, throughout the years, the platform has amassed more than 300 million users and is now a staple when it comes to online commerce. The platform has become so big that major retailer are now integrating its functions into their system.

Considering its current status, PayPal is already a mainstream service. Although Skrill and Neteller are becoming popular recently, they cannot reach the popularity that PayPal is now.

This is why many considers PayPal as the de facto platform when it comes to online payment. The platform is fast, efficient, and does not charge users with exorbitant transaction fees. This are just some of the factors that makes PayPal attractive to many online users.

In terms of online casino transactions, the only downside of using PayPal is that not all online platforms support the service. In some cases, online casino platforms do support PayPal but they do not offer the same bonuses and perks that are available to other payment processors.

Despite these shortcomings, many believe that PayPal is the future of payment processing when it comes to online casino.