Whilst PayPal continues to remain a prominent payment method and one that is widely preferred by many when making a financial transaction, there will still be some that will be questioning or wondering whether the payment solution is still one of the safest methods available to them.
Of course, since its introduction just prior to the turn of the millennium and then its subsequent acquisition by eBay back in 2002, PayPal has only continued to grow and further establish itself within the market as a leader and one that can be trusted to an exceptionally high standard.
Indeed, it could also be argued that the company was the pioneer of the e-wallet market, with Skrill and Neteller having both been introduced within the market just shortly after they were and having subsequently become other popular e-wallets that many uses, especially when playing at an online casino. Indeed, those that read this article will be able to learn more about why the payment solution is highly recommended.
So, two decades on, can PayPal still be considered as one of the safest methods of online payments?
PayPal is one of the most secure payment methods available
There is no denying that PayPal remains one of the most secure and effective payment solutions that are available to users who continue to use the service for all of their financial transaction needs.
Indeed, the e-wallet solution is encrypted, and the company provides the highest levels of security in regard to the data and information that the user inputs within the service, negating the use of VPNs to keep users details safe. Everything is linked to the account which can be simply accessed by entering an account username and password credentials, whilst there is additional security available for those who look to access the details via innovative security features such as two-factor authentication.
Despite all the innovative features that continue to be added to make PayPal as secure as possible, the payment solution also remains incredibly effective, efficient, and easy to use, as well, especially for anyone who does not typically get on with technology.
PayPal is incredibly convenient
Following on from the last point, PayPal is one of the most incredibly convenient payment methods that can be made available to users, compared to some of the other more traditional methods such as using a credit or debit card, or classic bank transfer methods.
Via the use of a single account that can be accessed by the various security features that were outlined above, users will simply be able to make a number of financial transactions via their e-wallet without the need to try and go hunting for the 16-digit long card number and all of the other details that may be required, whilst also being able to make a purchase at the click of a button instead of having to fill out each and every single detail time and time again.
Furthermore, another reason as to why PayPal is a convenient but also incredibly secure and safe method of making an online payment is the fact that it can be accessed from the palm of a user’s hand via the digital devices that they may have access to.
For instance, the app is incredibly secure, and depending on the type of device used, security features will need to be passed in order for the method to be used, thus making it as secure and safe as possible to use as nobody can simply use it.
There are a number of iGaming platforms that will recommend that PayPal will be one of the best payment methods that can be used with their services, for a multitude of different reasons.
One of the biggest reasons, though, is that the payment method is one that can be amongst the most trusted and the most secure as no details are stored at the online casino, therefore maximizing the amount of security that the player has, whilst also eliminating or at least minimalizing the potential threat of having their financial details stolen from them.
Online casinos will do as much as they can to protect any financial data and user information as they can by law, as they have to have the best technology available such as HTTPS and SSL encryptions, but by having financial data stored in an e-wallet such as PayPal could be one of the best methods of protection that can be played.
PayPal is a brand that can be trusted
Brand recognition and reputation can be some of the biggest factors that can help determine whether it can be trusted, and PayPal is one that certainly has plenty of trust when it comes down to those who use their services.
The company is widely used by millions of people all around the world for various payment transactions, simply because they are an organization that has been able to build trust and look after those that use it well.