When you sign up to a new casino, one of the first things that many people look at is the payment options the casino offers. How we get our money in and out is vitally important, both for trust and speed, and we all have our own favourites which we use. The majority of casinos and mobile casinos offer a wide range of payment methods, from direct bank transfers to card deposits, e-wallets and pre-paid vouchers. However, could we be seeing the beginning of the end for one of the biggest e-wallet payment providers as far as casino payments go?
Paypal are one of the biggest online payment merchants in the world, with their association with eBay kickstarting their business in the biggest possible way over a decade ago. They work by transferring funds using your email address, so they offer player protection, the only company that holds your card or bank details are Paypal, rather than the numerous companies that you pay using Paypal.
However, they are one e-wallet company that have never really taken to gambling payments, and shown that they were a little uneasy about it in the past. Over the last few months we have seen them update and tighten their T&Cs to add more pressure to those using their service for gambling payments.
While other services such as Skrill and Neteller are seemingly very open to being used for gambling payments and are happy to have people sign up and use them for that, Paypal aren’t and because of this, we could be about to see the end of them accepting them.
Paypal in general have changed their terms and conditions surrounding gambling payments, but Paypal Germany have gone one step further and put an end to accepting gambling payments. Those depositing or withdrawing via a casino will no longer be able to do this in Germany using Paypal.
This is only one country, and certainly not the biggest country in terms of gambling payments, but it is a sign that Paypal are thinking this is the way forward for them, so if you currently use Paypal to fund or withdraw from a casino account, it is probably a good time to start thinking about the alternatives you have available too you, just in case Paypal bring their ban into other countries including yours.
The good news is that we have an abundance of payment methods, and many casinos offer a wide range of choices for punters so you shouldn’t be stuck. You should be able to find another e-wallet service if that is the type of method you want to stick with, while there are other options should you need them. It may be a few years until it spreads across the world, but Paypal have began to end casino payments going through them, a warning sign for those that are still using them to deposit and withdraw funds in other countries.