If you’re looking to make international payments, PayPal might seem like the logical option. After all, it’s so popular that even the Belgian royal family uses it. However, to determine if it’s the right tool for your business, you need to know how popular it is in Belgium. Fortunately, this article discusses how PayPal is used in Belgium
PayPal in Belgium
For starters, PayPal has been around for over two decades and is currently active in 190 countries worldwide. It started as a money transfer service, then expanded into payments for eBay, and eventually began processing payments for third-party companies like Facebook and Apple Pay.
PayPal is based out of the United States and can be used globally. As of 2018, they have over $145 billion in their accounts, making them one of the most popular forms of online payment.
How PayPal Works
When you sign up for PayPal, you’re assigned a unique email address and password. To pay someone with PayPal, just enter their email address and the amount owed, then click Send Money. Once it arrives in the recipient’s account, they can either spend it online or withdraw it using an ATM card. For paying people who don’t have a PayPal account, click on your name near the top of any page and select Send Money.
Pros and Cons
The benefits of using PayPal include the ability to transfer money internationally and a reputable company that has been around for years. However, there are some drawbacks as well. Some people report being charged fees by PayPal even when they have not made any transactions through their accounts. Others have had their accounts hacked or frozen which can be an inconvenience if you’ve sent a large amount of money through your account
Whichever is the case, PayPal is a great payment option for Belgians – businesses and sports betting platforms.
PayPal and Casino Platforms
It is no news that Belgium hosts several big casino platforms, and PayPal is their common popular payment method with them. PayPal offers several benefits for Belgian casino companies and gamblers, some of which are free withdrawals and the ability to use multiple accounts.
There is, however, a downside to using PayPal as a payment for online casinos in Belgium, which is the absence of PayPal on some casino platforms. Therefore, Belgians who want to gamble online will need to make sure they’re using a casino platform like vind online Casino Paypal door CasinoHEX.be that accepts PayPal before making their first deposit. If they don’t, they’ll have to find an alternative way to fund their account.
In addition, Belgian gamblers should be aware that when withdrawing money via PayPal there may be additional fees added on top of what the casino charges.
PayPal is universally accepted as a payment option for online casinos and businesses. Even in Belgium, businesses are already incorporating PayPal as a mode of payment for their customers.