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When it comes to success stories from the internet books over the last couple of decades, few can compete with the glory that PayPal has achieved. Launching (granted, under a different name) In September 1998, the same month as Google, PayPal, after some other attempted endeavours, found its current form in 2000.
Headed by Elon Musk amongst others, PayPal started its ascendency, was later purchased by eBay for $1.5 billion (and late split from them again) and is still to this day synonymous with online payments, despite the huge amount of competition.
One industry that PayPal has had a storied history with is iGaming, to the extent that there is still the belief in some circles that PayPal will not work with online casinos of any kind. This is not true, however. Until 2015, gambling activities of all kinds were prohibited without exception, but that has since changed, and there are numerous online casinos now offering PayPal as a payment method.
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At this point, it is said that over five million UK iGaming players have PayPal accounts. So, what is the temptation that makes PayPal such a popular payment method? What are the benefits? And is there a better option out there?
While it’s true that when online gambling was in its infancy in the mid to late 1990s not all USA online casinos were scrupulous or fair, the industry has come a very long way since then. Today it’s a multi-billion dollar industry where only the most scrutinised, reputable, honest and fair casinos thrive.For instance, all top USA casinos are licensed and regulated in at least one recognised online gambling jurisdiction, and their games are supplied by renowned and legitimate software vendors that are independently audited for fairness. Yes, absolutely. No deposit bonus casinos south africa.
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