PayPal Casinos in South Africa

Let me take you back in time for a little bit in order to tell you a bit of a story. Don’t worry, that story is relevant to what I want to talk about later, so just be a little bit patient, okay? I want to take you back to 2002, when popular Internet marketplace eBay was first finding its feet. The company had previously gone public four years ago, with their site originally being launched as a platform to trade and sell collectibles, but after an amazingly impressive and successful launch, it was finally time to expand! After all, the time was right for it – their shares were through the roof! In order to fully utilize all that extra cash, eBay decided to make two very important acquisitions in order to majorly shake up its repertoire. The first was iBazaar – a similar website based in Europe which was also founded in 1998 (being able to outgrow your direct competition which started off at the same time as you to the point where you’re able to buy them must have been an amazing ego boost, but that’s neither here nor there). That purchase allowed them to expand beyond the collectibles market and just become a general marketplace where people across the globe could sell whatever they wanted, from old lamps through comic books to sex toys. But, surprisingly, their second acquisition of 2002 proved to be even more impactful – they also bought PayPal, an e-wallet service which stored people’s bank details safely and securely.

Over the next almost 15 years, PayPal would grow on its own to, arguably, be just as big and important as eBay itself. And, much like how eBay originally started out like a site for trading collectibles before evolving into a global marketplace, PayPal itself started as a site where you could easily pay for goods on eBay (or securely and conveniently get your money back if something went wrong), it evolved into a service you could use to pay for anything with. Want to pay your bills with PayPal? Go nuts! Want to order some food? PayPal has you covered! The only thing you can’t pay for is… Well, online casino deposits. And don’t get me wrong, many markets, like the UK, have plenty of casinos that accept PayPal – just look at pcasinos.co.uk if you don’t believe me! In South Africa, however, has none. Why is that? Well, the truth may lie in the fact that, even though PayPal technically does have a limited presence in South Africa (mostly by virtue of working with First National Bank to allow accounts to link up to PayPal profiles), it still doesn’t do the most elementary of things, like accept ZAR as a currency – at least it didn’t the last time I checked. Considering that, it’s pretty easy to see why PayPal wouldn’t be as popular here, and as a result online casinos would be reluctant to work with it. Still, PayPal is a FANTASTIC service, through and through, so here’s hoping that things will be able to change sooner rather than later.

Comments are closed.