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The modern version of poker can be traced back to 17th-century France where a card game called “Poque” became popular. The game made its way across the Atlantic Ocean with French settlers who introduced it to North America where it evolved into the classic 5-card version of the game we now call poker.
There are several variations of poker but the most popular variation is Texas Hold ‘em which gained popularity in the early 1970’s after it was featured at the World Series of Poker. The game rapidly grew in the late 1990s and early 2000s thanks to television coverage and the proliferation of online poker sites which benefited greatly from the “Moneymaker Effect” [3].
At about the same time the poker boom was happening, the payment processor we now know as PayPal was also rapidly growing. Even though PayPal had become one of the most popular payment methods at online casinos and poker sites, the company suddenly stopped processing transactions between internet gambling sites and their customers in 2003. Online poker players who appreciated the ease, reliability, and safety of using PayPal to fund their online poker accounts breathed a sigh of relief in 2010 when PayPal resumed their role as a payment processor for online poker sites. Once again, there are countless poker sites and online casinos that accept PayPal and online poker buffs as well as those who are learning the poker basics [4] are enjoying the benefits.
How To Open A PayPal Account
Opening a PayPal account is as easy as folding a 7-2 offsuit when you’re under the gun. Just ask any of the 250 million users who combined to perform 7.6 billion transactions in 2017 alone. The first step is to go to PayPal.com and click on the “Sign Up for Free Today” icon. Next, enter your email address, which will also be used as your user ID, and then enter the required basic information such your name, address, and phone number. You will have the option of linking your credit card which will allow you to conduct transactions right away. If you do not have a credit card or you would rather link your bank account, then just click on your user profile and click on the “Add Bank Account” link. It is also necessary to confirm your email address by clicking on the blue “Confirm Your Email” button.
No Fees
One of the greatest things about using PayPal is that there are no fees involved when you deposit funds into domestic online poker sites or online casinos that accept PayPal [5]. There is a small fee for international deposits but it pales compared to the fees that credit cards, debit cards, and many other payment processors charge. There are no fees involved in withdrawing funds into your bank account.
Security
PayPal uses state-of-the-art anti-fraud protection and they monitor your account and every transaction 24/7. The use the latest SSL technology to encrypt all of your personal information and financial details which means that they are safe and inaccessible to third parties. You can rest assured that your information will never be shared. There is a team of over 2,000 anti-fraud experts on hand to assist you around the clock.
Convenience
PayPal is perhaps the fastest and most convenient payment method. Deposits at online poker sites are instant and withdrawals are processed very quickly compared with other options. Credit card and debit card users who want to make a deposit or withdrawal are forced to enter their full names, long strings of digits, and expiry dates while PayPal users simply type in their email address and password.
Online Poker Sites That Accept PayPal
There are several reputable online poker sites out there but there are subtle differences in many of them. 888poker happens to be one of the busiest poker sites in the world which means that you don’t have to wait idly at a table waiting for other players. 888poker also has an excellent variety of games and stakes that appeal to everyone from high rollers to micro-stakes players. When you open a new 888poker account, you can claim a no-deposit bonus worth $88. You don’t need a high poker IQ to know that 888poker’s welcome bonus worth up to $400 when you make your first deposit using PayPal is a great deal. Betfred, William Hill, and Ladbrokes are among the worlds most trusted brands and they all have excellent poker rooms that accept PayPal. They also offer serve up royal flushes when it comes to bonuses and ongoing promotions for those who use PayPal to fund their player accounts.
Conclusion
The benefits of using PayPal are clear. The company has established itself very well over the past 20 years and they have built up a massive customer base that trusts them and relies on them. Investors might even want to consider investing in the company as PayPal continues to produce earnings [6] on a regular basis. People will continue to trust PayPal and reap all of the benefits they have to offer for a long time to come.