PayPal is an American international e-commerce business that allows making payments and money transfers through the Internet. Since it is an American business, PayPal is subject to the rules and regulations of the US laws and government.
It is also subject to the economic sanction list as it is used in the US. Ever since its founding in 1998, PayPal has helped people to make online purchases using this method for paying for the items purchased. Additionally to other products and items that people used to buy online, and to transferring money to family or friends, PayPal is also widely used as a payment method on online poker sites.
Here you can see how to make a payment using PayPal:
Why use PayPal for Online Poker?
There are several reasons that can determine you to use PayPal for online poker. Here you can see some of the most important reasons that you can take into consideration:
-PayPal enables you to make instant and free deposits, which means that you will not expose yourself and your identity. This makes this method be safer than using your credit card.
-While there are several credit cards that require different service for deposits and withdraws, PayPal allows you to make deposits and to withdraw your money using the same service.
-Usually, when you find a poker room that accepts PayPal, you have also access to the welcome bonuses that the poker room offers for certain deposits.
-All the deposits you make using PayPal appear instantly in your account on the online poker site you’re using, thus you will be able to play at your chosen table within minutes after making your deposit.
-Using PayPal is secure, as it uses several security features in order to ensure that all your personal information and your funds are as secure as it is possible. All the transactions made through PayPal are permanently monitored by security experts, so that any suspicious activity is rapidly identified and quickly investigated. In order to ensure highest levels of security, PayPal uses the same encryption technology that is used by major banks, thus securing all the information you share with them. This way, nobody is able to access your information without proper authorization.
-Currency conversions are made automatically when using PayPal, so that you don’t need to worry about making the conversions your own.
PayPal policy towards online poker sites
According to PayPal’s policy, you should not use your PayPal account for activities that involve gambling or are related to gambling, unless the chosen operator is accepting PayPal transactions due to prior approval gotten from PayPal. Additionally to this, the chosen operator and also the customer must be located in jurisdictions where gambling activities are accepted by law.
Similar to PayPal casinos, there are only a few online poker sites in Europe that accept PayPal as a method for deposits and withdraws, due to the policy that PayPal uses for such activities. For example, in Europe, a gambling site must be listed on the London Stock Exchange and also to have a perfect track record in order to be able to use PayPal with it. However, this makes it even safer for online poker players to use their account, since they can be sure they are playing online poker in a reputable and trusted site.
Because of the heavy US government pressure regarding gambling in 2002, PayPal has prohibited transactions in the US for such activities.
Checking for Online Poker sites accepting PayPal
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•Why is it important to know it accepts PayPal
As you can probably imagine, it is important to know that an online poker site accepts PayPal payments prior to trying to use it. In case you try to use your PayPal account with a site that does not accept it as a payment method, not only you will not be able to do it, but you also risk to get your money seized, your account disabled and it is also possible that an investigation will begin.
•How to check if a site accepts PayPal payments
It is not difficult to check whether an online poker site accepts PayPal as a payment method or not. You can either make a quick search on a search engine to see a list of sites that accept PayPal as payment method, or you can go directly to the site you wish to use and check this in the payment options that the site accepts. You need to pay attention, though, as there are sites that accept PayPal only for certain countries, so that you need to also check whether your country is on the list with their approved countries.
•How to play Online Poker using PayPal
As soon as you find a poker site that accepts PayPal as a payment method, you can start playing on it as usual. First thing you need to do is to open an account on the desired online poker site, then add your PayPal account information to your account and make your desired deposit on the site you’re going to use for playing online poker using your PayPal.
How to use poker and PayPal
•Deposits and Withdraws
When using PayPal for online poker, you are not required to enter your personal information every time you make a transaction, but you only enter it once, when you sign up for your account. The transfers are usually both ways, which means that you will be able to use PayPal for deposits and withdraws, as well.
Most of the online poker sites require a minimum deposit to be made, regardless of the payment method used. However, when using PayPal as your chosen method, it is possible that the minimum deposit you need to make is a bit higher than for using other methods on the same site. Typically, the minimum deposit needed when using PayPal is $10 or $15, but this is also depending on the sire you use.
Typically, you will benefit of the available bonuses that the chosen online poker site offers, even when you use PayPal as your chosen payment method.
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Online Poker major software and their connection with PayPal
Although not all online poker sites accept PayPal as a payment method, some of the major online poker software accept it. This is mainly given to the fact that PayPal only accepts that a user makes payments on gambling sites that are trusted and reliable. Here you can see some of the major online poker software that accept PayPal as a payment method on their site:
-Bet365 Poker –
this is one of the major poker sites that not only accepts PayPal as a payment method, but also tries to make the payments as fast as possible, so that players can enjoy their playing sessions.
-Ladbrokes Poker –
this is also one of the major online poker sites that accepts PayPal as a payment method.
-888Poker – this is yet another important European poker site where players are welcome to use PayPal for their payments.
-Betfair Poker – this is another major online poker site that accepts PayPal and even better than just accepting this as a payment method, players who use this as their payment option will benefit of their money within only a few hours from their withdrawal action.
-Paddy Power Poker – this is also considered to be one of the highest quality online poker site that accepts PayPal as a payment option.
PayPal and the Online Gambling Market
PayPal is one of the most widely used payment methods in the online space. Also, it has some strict policies in what regards online poker, so that it only accepts to be used with sites that are completely trusted and secure, which makes it have a huge impact on the online gambling market. This is because players can now quite easily decide which online poker sites are safe to use, since those would also accept PayPal payments.
•Positive effects of PayPal on the Online Poker and Gambling Market
Some of the positive effects that PayPal has on the online poker and gambling market include:
-It boosts the consumer awareness regarding this market
-It makes it easier for players to find out whether an online gambling site is trusted or not
-It provides as a powerful ally in the process of expanding gambling regulation to other states
-It diminishes users’ questions regarding the credibility that surround the online gambling market
PayPal alternatives in online poker sites
This video shows you how to make a deposit on online poker sites: http://www.youtube.com/watch?v=gV8dE4nk0fM
For players who wish to play online poker using a safe payment method, yet their chosen site does not accept PayPal as a method, there are still some good alternatives to use. Some of the best PayPal alternatives include:
formerly known as Moneybookers, this is an e-wallet method widely used especially by European and Canadians and it is also one of the leading payment methods used in online gambling.
-Neteller – is also one of the most popular payment methods used worldwide.
Regulations desired for PayPal and online poker
PayPal’s attitude towards online gambling has changed over the time. In the present, PayPal is owned by eBay, which is one of the leading online businesses. Even according to PayPal’s owner, the policy used is subject to change, so that certain regulations are possible to be changed depending on certain factors. While there were times when PayPal strongly prohibited the use of an account together with gambling sites, nowadays it tries to come up with new regulations, which make it possible for certain players to use their accounts for payments on online poker sites. However, while PayPal is available for use for many European players of online poker, regulations are still expected for US players.
PayPal and Poker – Conclusion
PayPal is a widely used online payment method, which works fast and provides complete security for its users. Despite the fact that it is widely used worldwide, it has some strict policies in what regards online poker, so that only a few sites are allowed to accept PayPal payments. Those are mainly the most trusted and reputable sites and most of them are from Europe, since in the US, PayPal does not allow its users to make payments on gambling sites. However, these strict regulations make it possible for online players to easily find whether their chosen online poker site is trusted or not.
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