Alternative Payment Methods in Online Casinos
By Space Coast Daily // April 12, 2021
With one click, the account is topped up and the player already starts to place bets in the online casino with his just transferred funds. In times of the digital revolution, hobbies like playing in a virtual casino are easily possible from home, because all important actions can be performed comfortably from the couch.
In this context, payment on the Internet, in particular, plays a major role, because as we all know, the fun stops when it comes to money. Customers need security here because large sums of money are often moved from A to B and should arrive at the designated account without incident.
That is why many online gamers like to rely on the famous payment provider PayPal, which offers a fast, uncomplicated as well as secure payment method on the Internet. Choosing casinos with PayPal, it is important to consider details about the payment process, such as the information that sometimes a fee is charged and sometimes no additional costs are incurred by the player. This can vary from provider to provider.
What payment methods are available on the Internet?
Meanwhile, there are numerous ways to pay on the Internet as can be read at cisa.gov. The Cybersecurity and Infrastructure Security Agency (CISA) presents some classics, such as payment by credit card, which is one of the most traditional forms of payment on the Internet, as well as modern variants such as payment by PayPal or other e-payment services. The latter in particular enjoy great popularity, as this payment model does not require sensitive information on account or credit card data for every transfer.
As a rule, all that is needed is an account where personal data and bank details are requested once. This form of Internet payment is now very popular not only with online stores but also with digital gaming arcades because it offers customers more protection and many already have a PayPal account anyway.
Tip: When paying online, it is important that the connection is encrypted. This can be recognized by a small lock symbol and the word “Secure” at the beginning of the bar where the web address is entered.
What is PayPal?
With a PayPal account, customers are able to transfer money virtually from A to B in a short period of time.
PayPal is one of the most popular and well-known e-payment providers on the Internet. The service provider takes a kind of intermediary position, which transfers the money between the bank and the merchant. To do this, the customer first needs a PayPal account.
■ For this purpose, interested parties register on the official website of the provider.
■ Afterward PayPal customers connect this opened account once either with the own bank account or a credit card.
■ After that, customers only use their e-mail addresses to pay for each payment transaction. This acts as an account number, so to speak.
■ As a rule, PayPal customers do not incur any additional fees.
■ Exceptions are, for example, if the account is used for business purposes or if the currency is changed.
■ In principle, however, the opening of a PayPal account is possible without any costs.
Basic information about security at PayPal
Security on the Internet is always under scrutiny. Whether singles exchanges, subscription traps, or fake stores, unfortunately, it happens again and again that buyers fall victim to fraud on the net. For this reason, secure payment methods are all the more important to ensure that the money actually gets to where it is supposed to go or, alternatively, arrives in your own account.
Basically, the payment system that has made PayPal popular is secure. This is because the provider does not transmit any sensitive customer data after a single entry, but operates in such a way that dubious operators have no chance of obtaining the sensitive information.
In addition, there is the so-called buyer protection at PayPal. As a rule, buyer protection can be claimed if the goods either do not arrive or deviate from the description. It is a 180-day money-back clause. The problem, however, is that the payment service provider has the final say in the case and decides on a chargeback. Therefore, the protection for buyers does not always apply.
This circumstance was also the subject of two BGH rulings at the end of 2017, which also dealt with the fundamental question of whether a private e-payment service has the right to interfere in purchase contract agreements in this way. Because at about the same time there have been fraud attempts via PayPal against sellers. It concerns thereby wrong PayPal confirmations, which were sent to the salesman so that this transferred money to an alleged transport service. The money never arrived there but ended up with the perpetrator.
Advantages of PayPal as a payment method in online casinos
In online casinos, PayPal is one of the most popular payment methods, which is not least due to the speed of the transfers. Thus, the transferred amount can be used very quickly to implement bonus conditions or to play real money slots. In addition, players have the option to transfer the money via PayPal not only on the laptop or PC.
However, a fast DSL connection is important in any case, because slow internet is a no-go for online payment processes.
Online payments are not necessarily made via PC or laptop. Customers can also pay via mobile devices in a matter of seconds, but the safest way to pay online is still to buy on account. This payment method is not usually available in online casinos, but not all online stores offer this secure payment method.
The advantages are obvious for the customer because the invoice is paid only after receipt and inspection of the goods. In this way, consumers avoid being ripped off on the Internet, for example, which can be the case with advance payment or direct debit.
However, if a provider in the gambling sector has e-payment services such as PayPal or the so-called Paysafecard on offer, players are usually dealing with a reputable operator, as these payment service providers generally protect against dubious platforms because they do not cooperate with everyone online. The reason for this is the requirements as well as the conditions that PayPal places on its partners.