PayPal is an online holding account service that has been around for over twenty years. They were one of the first of their kind and have pretty much become a household name.
Why is PayPal so popular and is it a good service to use when playing deposit with your phone bill slot online?
To play online slots, a player is required to create an online casino account. This is necessary as it acts as a place for players to store the funds that they need to play slots. It is common practice however it raises some questions.
Does the online casino need my access to my bank details? Can the online casino get hacked? Does that mean that my money is at risk?
The answer to all of these is, sadly, yes. It is not likely to have your online casino account hacked but it can still happen. That’s where PayPal comes in.
With PayPal, you can transfer the money that you use to play slots from your third party PayPal account and the online casino. That removes the need for the casino to hold your bank details and for the player to hold their deposit money on the online casino.
Using PayPal to play online slots removes any unnecessary security risks that are common when transferring money online. It works the other way too.
This is a little less favourable for players as withdrawing money from another online account does come with PayPal charges. These are minor and it is up to the player whether or not their security is worth it.
You can use the PayPal service to take money from your online casino account too. This further removes the need for the site to have your bank details but also provides other benefits.
Withdrawing using another payment service
There is a new payment method that is growing in popularity with the rise of mobile slots. That is the pay by phone bill method. This allows players to add the money that they use to play online slots to their phone bill at the end of the month.
Like depositing with PayPal, this removes any of the security risks of playing mobile slots. However, this method does not let people remove money from their bill with money that they have won on a slot. That means they will still need an online casino account. Or does it?
PayPal can act as a third party to help make services like the pay by phone casino viable, therefore making the online slots industry the safe and secure place players want it to be.
There is no doubt that depositing to play online slots via PayPal is one of the most secure ways to make a payment for slots. However, withdrawing does come with fees but can act alongside other secure payment methods to make PayPal a great third party for those concerned about online security when playing slots.