PayPal vs. Flexepin

Most, if not all, leading online casinos you will come across, will offer either PayPal or Flexepin as payment methods, or both. That's because these two are some of the most popular solutions among online casino players. They are both convenient to use for online gambling transactions because they are easy to get started with and provide players with many perks. The two are quite different in the way they function, so they're suited for different types of players. So, stay with us to learn which one would suit you better. Why choose PayPal or Flexepin as your payment method across online casinos?

About PayPal and Flexepin

Leading operators are always making sure to include PayPal or/and Flexepin on their list of accepted payment methods, especially if these are casino sites that accept players from across the world. The reason is simple: the two solutions are global, offering many perks to players and are really easy to get started with, mainly because they are both alternative payment solutions to traditional methods like bank-related solutions and credit cards. Players who don’t wish to share such serious and sensitive banking details with operators are always opting for methods like PayPal and Flexepin, and that’s why today, we’re sharing with you everything you need to know about these two incredible solutions.

PayPal is one of the world’s first…

… eWallets, one of the first alternative, innovative solutions that appeared way back in 1998. It started small, by offering users this incredible eWallet service that made them transact online without sharing any sensitive banking details with online platforms, but later throughout the years, it has rolled out many other products.

When it was first launched, it became an instant hit, due to the security and privacy measures it offered, but mostly because of the convenience. If you have an account with it, you can link all of your bank-related methods that you’re using on a daily basis, but without ever revealing info about them with the online platform that you’re paying at.

Since day one, considering it is the one account that connects all your other payment methods, security is at its core. The solution makes sure your money is safe with it, by implementing industry-approved security measures. But what got users’ attention most was its ability to process transactions in an instant. Not only do you have all your methods in one place with it, but your transactions are completed in an instant, regardless of the method you’re using to complete them. That’s why users were choosing it over any other solution, for the security and the speed.

One of the first industries that fully embraced it after its launch was, of course, the online gambling industry. Operators saw its potential and understood right away how efficient this solution could be for their players. As years went by, the eWallet became accepted across most, if not all, online casinos, so it is highly unlikely for you to come across a site that doesn’t accept it. However, since it cares deeply about the security and regulations, you will not find it across casinos that accept players from certain countries which were deemed as unsafe or strict with all the rules and laws, like Germany and the US. But don’t worry, as soon as PayPal realizes that laws have changed, it reenters markets, like the case with the US was, and enters brand new markets where the climate is good.

Finally…

…when talking about PayPal, we must mention a few other things. In recent years, the eWallet has started processing cryptocurrency transactions. So, in addition to using fiat currencies for your daily transactions, you can also use crypto like Ethereum, Bitcoin, Bitcoin Cash, and Litecoin, among others. Plus, it has partnered with MasterCard, so in collaboration with this major brand, it has launched the PayPal MasterCard product. You also have the opportunity to use its proprietary PayPal Connect service, as one of the functionalities, features and products it offers.

Flexepin is not an eWallet like PayPal, but still an alternative solution, because it is actually a voucher system. It was launched in 2015, by a FinTech company called Novatti, from Australia, and is currently operated by Flexewallet. Ever since it was launched, it went from strength to strength and it eventually became one of the most popular alternative solutions of its type.

Not only does it offer the chance to users to transact online without the need of sharing any details about themselves but the 16-digit voucher number they get upon purchase, but it also comes in many denominations and currencies. On top of that, it can be purchased both online and offline, which is rarely something other vouchers offer. 

Offering all of that, even though initially only accepted in Australia, the solution expanded its reach to Canada. Today, it has more than 14,000 reselling establishments there alone! From there, it spread all across South Africa, Italy, Germany, India, Malaysia, Brazil, the UK and Switzerland. And today, it is an eVoucher with global availability.

One of its strongest suits is the fact that it offers unrivalled security. Not only is it licensed and regulated by the Australian Securities and Investment Commission and the country's Financial Services, but it also implements security measures of its own. It offers a detailed Stay Safe page where you can explore your options when it comes to protecting your account. It offers a Stay Aware page, warning you about known fraudulent sites that pose like sites that accept it when they actually don't. On that same page, it offers a tool where you could check the URL of the site you want to pay at using your voucher, and see whether it is an authorized site to offer the voucher or not. Plus, you have the 16-digit code system, which makes sure that no one but you, since you’re the only one who has the code, can use your voucher for online purchases and payments.

Getting Started with the Two Solutions

We stressed from the very beginning that the thing that users love most about these two solutions is that they are so easy to get started with, as you will see soon. Since they are both alternative solutions, you don’t need to meet some strict pre-requirements to get started with them, and under no circumstances would you need to visit your bank.

In fact, to get started with PayPal, all you’ll need to do is visit its official website. To create your eWallet account, you’d need to press the Sign-Up button or if planning on using it on your mobile device, directly download its free app, right then and there. Then, provide your email address, full name, home address and social security number. If you remember, PayPal cares greatly about regulation and laws, so it must verify your identity before it approves your account.

After verifying your account, you can start using the eWallet. The first step you need to make is to fund the account with money, hence, connect your payment methods to it. As you will see, there will be plenty of popular payment methods you can use and each of them will arrive with its own fees. Credit cards would be the most expensive to use, arriving with a 2.5% fee. PayPal MasterCard, if you have one, would be another option, but a regular bank transfer would be the best one to use for topping up your account since it will come with no fees. Choose your option, and as soon as your account is funded with money, you can start using your eWallet for online payment and purchases, online casino deposits and withdrawals included.

As mentioned, you can purchase your Flexepin voucher both offline and online. There are plenty of offline stores, shops, gas stations and kiosks where you can purchase the voucher offline. You can use the Outlet Finder tool on its official website to find out exactly where can you purchase the voucher, but some major brands that are authorized to resell the voucher include Hasty Market, BP, Gas + and Daisy Mart. Some of the online options are TopMeUp, DPO Think Payments, SCDKEY and SEAGM. But, if you create an account with Flexepin on its official website, you can purchase the voucher online there, too.

You can use several solutions to purchase the voucher. Among them, you have the MasterCard debit card, VISA debit card, Maestro, AmEx, JCB, and even PayPal.

Similarly to PayPal, you can use a cryptocurrency to purchase your voucher, Bitcoin. Of course, you have several fiat currencies you can use, too, the Canadian dollar, Australian and US dollar, UK pound, and euro. There are many denominations, from the smallest $20 to the biggest $500, but since you can combine up to ten vouchers and use them at once, the most you can pay with the voucher is $5,000.

Using PayPal and Flexepin Across Online Casinos

We’ve established right from the start that you won’t have any difficulties finding a site to join that accepts either PayPal or Flexepin, or both. The two are extremely popular among online casino players and hundreds of operators are offering them as payment options. So, the first step you need to make is to choose one and join it. After creating an account with the site, you'd probably be asked to choose your deposit method. But if not, there is one additional step you need to make.

To make your deposit with PayPal, you would need to do the following:

1. Explore the list of payment methods on the Payments/Cashier/Deposits/Banking page at the casino.
2. Find PayPal’s logo and after you press it, a new window will open.
3. Enter your eWallet credentials and you’ll log into your account.
4. Specify how much you’d like to deposit.
5. Go through the mandatory authentication procedure and confirm your request.
6. The money will arrive on your online casino balance in a blink of an eye!

Withdrawals with this eWallet are as easy and done pretty much the same way. Only this time, you’d need to look for PayPal in the Withdrawals section. Then, after specifying how much you’d like to cash out, you’d need to wait for the casino’s approval. After the casino reviews and accepts the withdrawal, PayPal will transfer the money back to your eWallet account, again, instantly! This is another reason why players love it, the fact that not only it offers instant deposits, but it also processes winnings as fast as possible!

With Flexepin, the depositing procedure will look like this:

1. Visit the casino’s Cashier/Payments/Banking page and find Flexepin’s logo.
2. Click or tap on it and a pop-up window will appear.
3. Just enter the 16-digit code you received upon the purchase and specify how much you’d like to deposit.
4. Confirm the transaction and you’ll see the funds on your balance right away.

As you would assume, considering its nature as a voucher, you won’t be able to use Flexepin for withdrawals. This is a one-way solution using which you can only pay, meaning make a deposit. And since there’s no return address, withdrawals are not an option. So, when depositing with it, you must have a different method prepared to use for cashouts. PayPal, in this case, would be a great option, but so will other eWallets and cryptocurrencies.

Advantages and Disadvantages

Now we've come to the part where we can sum up the good and the bad things these two methods offer. But because the perks prevail, let's start with the obvious downsides of these solutions. With PayPal, you know that fees apply, and with Flexepin, you know that you cannot use it for withdrawals. These are the two major drawbacks of the two solutions. PayPal has virtually no other downsides, but Flexepin does have a few more. At one time, you can deposit no more than $5,000 with it, plus it comes with a pre-set list of accepted countries, so even though globally available, not everyone, from any country can use it.

PayPal, on the other hand, can be used by anyone, literally. There are only a few countries that are on the restricted countries list, but otherwise, regardless of where you're from, you can create an account with it and use it. It allows for instant deposits and super-fast withdrawals, it is safe and secure, and probably one of the best alternative solutions out there.

On the plus side, Flexepin is pretty special because, for a voucher, it is accepted across so many casino sites. Rarely do other vouchers offers such availability, and rarely do others give you the opportunity for both an online and offline purchase. It is incredibly safe, it can be purchased with both fiat and digital currencies, and it is so easy to be used.

So, compare the pros and cons by yourself and decide which one of these two truly amazing solutions would suit you better. Whichever you decide to go with, you’ll enjoy what it has to offer.