PayPal could be better than credit cards for online gambling.

Have you ever been in the situation whereby you have used a credit or debit card to deposit money into your online account, you have made a small profit or if you are lucky a large one and wish to withdraw some only to find out that you cannot credit the same card because it has to go to a bank account and what is more, it will take a few days? The answer may be a PayPal casino.

PayPal  (Europe) S. à r. l. & Cie, S.C.A. is licensed as a Luxembourg credit institution and was acquired by eBay who are located in California in October 2002. As well as being the primary payment method for e-bay PayPal is being increasingly used on other e-commerce sites for the sale of such items as household goods and electronics. It even extends to paying lawyers and contractors. Up until fairly recently PayPal would not accept online gaming business in Europe but this policy has been reversed and it allows nearly instantaneous transfer of money between accounts. US players are of course still excluded. To the punter this means that your winnings can be immediately returned to your PayPal account from where you can request a cheque or have it transferred to your bank account. The other big advantage is that there is no need to disclose your credit card or bank details to the online casino and some casinos make a charge for credit card transactions which can also be avoided.

There are other e-wallet companies such as NETeller and Moneybookers which offer a similar if not identical service.