PayPal is the premier online payments company for much of the world today, offering a quick and easy alternative to traditional bank transfers and cheques. Founded by Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery in 1998, it was originally a subsidiary company of auction site EBAY. However, it was so successful it became its own independent company again in 2014.
Today it is the mark of a professional and dependable online gambling site, if they have PayPal on offer in their banking section. As the world’s undisputed top e-wallet, they can afford to be choosy when it comes to which clients they work with.
Which is to put no slight on the service offered by Neteller or Skrill, who are the more common e-wallets at online casinos. However, PayPal is the top dog in the market even though you won’t find it at all online casinos.
And what’s the reason for this? Reliable and super-fast payments accepted all over the web, as well as great buyer protection, fraud detection and general security. However, there’s also a healthy bit of brand loyalty and recognition that comes with being the number one provider for many years.