PayPal is a world-renowned online payment service that was founded back in 1998. Between 2002 and 2015, PayPal was a subsidiary of the US company eBay. According to its own information, PayPal generated a net profit of $4.2 billion in 2020 and employed more than 23,000 people. The online payment service is listed on the stock exchange and has its headquarters in California. In Germany, PayPal has been available since 2004. PayPal enables convenient payment processing only with the help of an e-mail address and an associated password. The PayPal account can be loaded among other things over the classical bank transfer or over a deposited credit card. Direct debit is also possible.
For a long time, online casinos with PayPal were very popular, not only in Germany. Unfortunately, PayPal has already withdrawn from the German-speaking online gambling market in September 2019. In 2019, 888 Holdings was among the first gambling providers that had to remove PayPal as a payment option from their portfolio. To date, the situation has hardly changed, so there are still no reputable online casinos or online gambling stores that list the popular online payment service in their payment portfolio.
The advantages of PayPal casinos are obvious. Although registration is required here, there are usually no fees for the customer and the Deposit is completed within a few seconds.