PayPal is fast becoming one of the most popular ways to transfer funds over the internet. This is largely due to the fact that it has such a strong association with the popular internet auction site eBay, where it is practically essential that you use PayPal if you want to earn a reputation as a trusted seller.
Because of its continued success, PayPal is becoming an increasingly appealing option for players investing at online casinos. It is possibly the simplest mode of depositing, too – having entered details including name, address and debit/credit card details when initially signing up to PayPal, people depositing afterwards need only to enter an email and password to invest in seconds. However, there are some downfalls to this system.
Firstly, it may be easier for people to gain access to your account without you giving your consent. People’s emails are not hard to come by and passwords generated by the user can be cracked much more easily than arbitrary numbers from your bank. Using a system which can easily be infiltrated is never a good idea, so if you choose to use PayPal ensure you use a password that is not easy to decipher – a mix of lower case, upper case, numbers and neologisms are recommended.
Another issue with PayPal is the widely acknowledged poor customer service. The moment a problem arises, PayPal will freeze the funds in your account making it impossible to withdraw. They even have the ability to deduct funds from your balance, which can result in a negative overall balance – and have the bailiffs knocking in no time. If you’re using a reputed gambling site, which is always recommended anyway, then it is unlikely you will run into any problems with PayPal. If there is any chance that a dispute will arise, know the risks of PayPal and the fact that they may not always listen to reason – so ensure you give their Ts & Cs a thorough read through before committing any serious money their way.