Paypal is one of the giants in online money transfer business and became the first known worldwide brand connected to the development of the internet evolution. Paypal was founded in December 1998 by 5 founders. Today two or at least one of them are also known worldwide, Peter Thiel and Elon Musk. Musk who later founded Tesla. Initially Paypal was offering security software for handheld devices but then the year after it was founded started to offer a money transfer service.
PayPal has been around since 1998 and snowballed in popularity as one of the most trusted online payment providers. It has changed in many ways over the years, broadening the services which it offers. PayPal is again building its popularity with many of the online casino sites.
Users of PayPal firstly have to become a member of the PayPal site, then set up ways to fund their account. They can do this through their bank, or they can fund their accounts by linking their credit cards to their PayPal account. This makes it easy to fund PayPal.
After players have registered at their chosen casino which accepts PayPal, they can then go to the deposit section and choose PayPal as their deposit option. When they do, the casino will then open a new window to accept all the necessary PayPal information needed.
This is usually done directly on the PayPal platform that is being accessed through the casino site, which is going to be the recipient of the payment. PayPal will check the user's account to make sure the money is there for the transaction. If not, it will allow the user to deposit into PayPal
With PayPal offering many different ways for a player to fund their account, it saves the hassle of trying to use different options at the casino site for the same reason. No personal information has to be given to the casino to make a deposit.
All of the personal financial information about the PayPal client is kept on its platform. They send the funds to the casino for the deposit. It does not come from the source which is funding PayPal itself. PayPal is a heavily secured site that is trusted by several million individuals who use its services.