PayPal is the best known and most popular online payment system on the planet. It is available as a method of payment on all casinos on the Aspire Global platform.
What is PayPal?
Founded in 1998, PayPal has grown rapidly to become by far the leading online payment service in the world. Already in use in over two hundred countries and markets across the globe, there is barely a country on the planet where you cannot use PayPal. North Korea is perhaps the most notable exception. It has close to 400 million account holders globally.
The company’s latest Annual Report shows that PayPal processed more than 15 billion separate transactions in 2020. It is accepted as a method of payment by more than 29 million different merchants and is one of the few major mainstream financial services companies to accept cryptocurrencies such as bitcoin in transactions. Total payment volume for the full financial year amounted to $936 billion. This represented an increase of almost a third over the previous year (2019).
How does PayPal work?
PayPal is an online payment system which can be used to pay for goods and services, both online and in real world stores. Most PayPal customers now use the company’s app, but online / web browser transactions continue to be supported.
It’s really easy to sign up. Download the app, or head to the company’s website. Tap or click on ‘Sign Up’. There are two types of account, but most people will require a personal account. The first step is to give your full name, an e-mail address and to create a strong password. Your address and phone number is also required.
You then need to link your new PayPal account to a bank account, or a debit or credit card. When you use PayPal to make a payment, the funds will be drawn from this account.
It is important to note this, because it is a crucial difference between PayPal and many rival services. With PayPal, you do not need to pre-load your account with funds – your payment is automatically drawn from your linked account when you make a purchase. Many other systems require you to upload money in advance before making an online payment. You can also use PayPal for many other purposes, such as an international money transfer service, or to transfer money between friends.
Purchases and money transfers are generally fee free. One major exception is if there is any kind of currency transfer involved. In these cases, a small fee is charged. For typical online purchases, PayPal makes its money from a small commission which is charged to the vendor or merchant.
Which currencies can I use when paying via PayPal?
PayPal can be used to make payments in at least twenty five different currencies at the time of writing. This means that you are almost certain to be able to find the right currency to make an online payment, wherever you are in the world. It is available to use in all countries in which Aspire Global casino operate, and supports all such national currencies. .
Summary
PayPal is one of the most popular payment methods accepted at Aspire Global casinos. It is easy to sign up and easy to use. Best of all, it won’t cost you anything when you choose PayPal to make your deposits.
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