PayPal is one of the most preferred online payment methods in the world. Established in 1998, the American fintech company currently boasts over 392 million users as of 2021, according to Statista. In Portugal, PayPal is available and ranks among the leading online payment platforms. Thousands of users, including gamblers and merchants, trust the online money transfer service.
So, why exactly is PayPal so popular among Portuguese gamblers?
PayPal is a Trusted Brand
PayPal has been ranked together with Google and Microsoft as the most trusted brands globally. Ever since it was established, the brand has won the trust of both consumers and merchants. Live casino gamblers and casino operators in Portugal, have the confidence to transact using PayPal.
User-Friendliness
Many Portuguese gamblers also prefer PayPal because it is user-friendly. Setting up an account takes just a few minutes, and players are ready to deposit money to their casino accounts. What's more? It is also easy to withdraw funds. Still, on user-friendliness, PayPal is multilingual and allows users to switch several languages, including Portuguese.
Fast and Affordable Transactions
Unlike many online-money transfer services, PayPal has a robust infrastructure that facilitates fast transactions. Ideally, casino deposits are instant, though deposits may take a little longer on some casinos.
The service is blazing fast when it comes to withdrawals, but again, some casinos tend to slow down the process because of the verification process and pending period. PayPal's transactions are also relatively cheaper compared to the competition.
Superior Security
Lastly, PayPal is one of the most secure online payments solutions. In an online gambling industry synonymous with fraud, live casino enthusiasts in Portugal prefer the fintech company as it boasts state-of-the-art security. The site is encrypted using the latest military-grade encryption and has fraud-prevention systems in place.
Indeed, PayPal is a reliable payments' solution for eCommerce transactions, including casino deposits and withdrawals. Many casino operators in Portugal are adding it as a payment method, while Portuguese gamblers are always hunting for PayPal casinos.