PayPal History

PayPal Slot Machines dedicates itself to PayPal, the leading online payment provider in this country and in the rest of the world. It makes our lives easier as gamblers, and it also makes the lives of shoppers, business owners and others easier as well. It is one of the few brands that is used and recognised all over the world, an honour that is only bestowed on a handful of products and services, the majority of which have been in operation for over one hundred years, and one that PayPal managed to achieved in a little more than 15 years.

PayPal was established in 1998 and although it began life as a fairly small operation, today it is anything but. These days PayPal operates in 193 different countries and in many of them it is one of the leading payment providers, whilst in all of them it is seen as one of the most trusted, easy-to-use methods available. PayPal’s revenue also accounts for much of eBay’s revenue, and the value of the company is increasing every year in Europe and elsewhere.

The first big step for PayPal in Europe came in 2007 when the company was granted a Luxembourg banking license, which allowed it to conduct banking services in the United Kingdom and across Europe. This also meant that it was tightly regulated, and thus as trustworthy as it was possible to be for a banking provider on the continent. It was also registered in the United Kingdom an an Electronic Money Issuer by the Financial Services Authority, under the name PayPal Europe.

It was not long after this legalisation that PayPal use became widespread in online retail stores operating within the United Kingdom and Europe, and as a result it was only a matter of time before it became widely used by gambling sites as well. At first PayPal shied away from such use, fearing that they were opening themselves up for exploitation and fraud, not to mention money laundering (which PayPal was synonymous with at one point in time, due to its wide use and accessibility) but they clearly decided that the market was too big to ignore, and as soon as they allowed sites like BetFair to use their services, they increased in popularity once again, further propelling their profits and their fame.

These days PayPal is used by a host of online bookmakers, such as Ladbrokes, Victor Chandler and William Hill, who are all some of the oldest, most respected and most popular bookmakers in the United Kingdom and further afield. All of these websites, and many more like them, also have online casinos and poker rooms, and that means that as well as being used for placing bets on horse racing, sports and more, PayPal also began to be used to bet on table games, poker and, of course, slot machines.

These days Paypal is one of the most popular ways to send and receive money online in the United Kingdom. In fact, it is by far the most popular online payment provider, with services like Skrill (which used to be known as Moneybookers) and Neteller not getting a look in. Credit cards and debit cards still lead the way as far as online transactions go, but PayPal is a close third, and these three combined account for 96% of all online transactions made in the United Kingdom. This is incredible for a site that began as a payment provider for eBay in the United States, and what is even more astonishing is that PayPal is continuing to grow and continuing to reach new previously untouched areas. It is a payment provider that has never rested on its laurels and one that has always sought out new technologies and new ways to send and receive money.

PayPal is perfect for business owners, those looking for a simple, easy and universal shopping cart, and for individuals, those seeking the best and quickest way to make purchases. Its many features include everything from PayPal Checkout, which can be integrated into any website, PayPal APIs, which can be used in conjunction with apps and social media, and much more. Most importantly, PayPal is also perfect for gamblers, keeping sports bettors, horse racing fans and slot machine junkies happy. PayPal truly is the world’s favourite online payment provider, and its dominance is likely to continue here in the United Kingdom, and in the other 192 countries that it serves, for years to come.

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