Paypal Poker
PayPal Poker
PayPal is the largest e-payment system on the internet today. The company is located in San Jose, California in the USA as was taken over by the online auction giant E-Bay on 3 October 2002. PayPal allows poker players to transfer funds about from a player’s bank account to merchants and online poker rooms that accept the PayPal as a payment option. Being one of the oldest and largest payment processors on the internet, PayPal has built its image through its reputation and its ability to protect the buyer from being tricked out of their money.
Setting Up a PayPal Account
Players wishing to use PayPal as a service to deposit and withdraw from online poker accounts must first set up an account through PayPal at PayPal.com. After all the account details are filled out, players are able to send and receive money from PayPal. Initially, PayPal places limits on transactions to and from new, unverified PayPal accounts. In order to remove these limit players must provide PayPal with a number of details to prove their identity. These details include information about 2 small deposits PayPal make to the players registered bank account as well as providing utility bills and photo identification. When it comes to verification, PayPal is much more thorough than many other online payment processors, which is what PayPal has built its credibility on. PayPal do charge a small fee, as is standard when funding an account with one of their deposit methods as well as charging a fee on all funds that are received by that account.
Reasons to Use PayPalFor Poker Deposits
Players are drawn to PayPal as a deposit method due to its reputation to protect the buyer in all transactions, as well as the secure software platform they utilize to transfer payments. Poker players using PayPal to deposit in online poker sites protect their sensitive bank information from being put into a site that a player may or may not trust.
Poker Rooms Accepting PayPal Deposits
Though not amongst the most widely accepted deposit options for online poker rooms, many online rooms have begun accepting PayPal deposits. Betfair allow players to use PayPal as a way to deposit into their poker accounts. There is a minimum deposit amount of just £5 using PayPal as a deposit method and all deposits will be credited instantly. Betfair do warn players that if they use PayPal as a deposit method they will receive a 1.5% fee charged of whatever deposit amount they make.
Ladbrokes Poker also accepts PayPal as one of their deposit methods. Players wishing to deposit using PayPal to Ladbrokes Poker must deposit a minimum of £5 into their account. Deposits made at Ladbrokes via PayPal accounts will be credited instantly once cleared. Players are again charged a 1.5% fee of any deposit made using PayPal to their Ladbrokes Poker account.
Additionally accepting deposits from PayPal accounts are poker rooms such as Lucky Ace Poker and VC Poker. Each poker room listed may or may not charge fees for funding or cashing out poker accounts, so be certain to check with the individual poker rooms to see if fees will be incurred for depositing or cashing out using PayPal.
Best Poker Sites That Accept Paypal Poker Deposits
