What is PayPal for Online Casinos?
PayPal is an online payment platform that allows you to handle your finances through a secure internet account. With PayPal, users can safely send and receive money online and pay for online purchases. The entire platform is protected by state-of-the-art encryption software, so you can rest assured all your payment information is safe.
Once you create your PayPal profile, you can link it to your bank account, credit, or debit card. Then, each time you make a transaction with the e-wallet, you get to choose where the funds come from. You can set one of them to be the default one, making the process that much quicker.
When it comes to iGaming, all you need to do is choose the PayPal option at your casino’s cashier. You’ll then be redirected to the PayPal page, where you’ll enter the amount of cash you want to deposit or withdraw. Since the entire transaction is electronic, the funds will be processed within seconds.
How to create a PayPal account?
Signing up for a PayPal account is a straightforward procedure that will only take a few minutes out of your day. Since PayPal is an online service, everything is completely digitalized. Meaning, there are no offices you need to visit. Instead, you can do everything from the comfort of your home. Depending on the type of device you use, you create your PayPal profile on their website or through the official app. To make the application process easier for you, we broke down the entire procedure into four simple steps. Simply follow the guide below, and you’ll be done within minutes.
1. Sign Up at PayPal
The first step to creating your PayPal is loading the company’s website. In the upper right corner, you’ll notice the “Sign Up” button. You’ll then be asked to select the type of account you want to have, personal or business.
2. Enter your information
After choosing your account preference, you’ll need to provide PayPal with some of your personal information. They start by asking your country and verifying your phone number. Then, you’ll need to enter your name, e-mail address, birthday, and living address.
3. Connect your debit card with PayPal
Once PayPal is equipped with all your personal information, the site will take you to your account page. Here, you’ll need to connect the e-wallet to your debit card. Simply click on the ‘Link a Card’ button, enter your card’s number, expiration date, and CVV.
4. Verify Your Account
The last step is verifying your account. Usually, this is done by clicking on the link in the confirmation e-mail PayPal will send you. Alternatively, they might need to verify your phone number via a one-time SMS code.
PayPal Deposit Method at Online Casinos Canada
Depositing at a PayPal casino is quick, convenient, and secure. The entire process takes only a few minutes, and transactions are processed instantly.
1. Check your balance.
The first step is to ensure that your PayPal account is connected to your bank card or the balance actually has money in it. This way, you can avoid any unwanted issues later on.
2. Head to the cashier.
Go to your PayPal casino of choice and navigate towards the cashier. Here, you need to choose PayPal as your preferred payment method. If you aren’t sure which PayPal casino is the best option for you, consult the list of online casinos Canada above.
3. Specify your deposit.
Then, you’ll be asked to enter the amount you wish to deposit. Needless to say, you need to make sure to meet the PayPal casino minimum deposit. Then, simply click the ‘Deposit’ button.
4. Wait for the money to go through.
Since you’re using an e-wallet, the deposit should be processed within seconds. So, you won’t have to wait long to embark on your iGaming adventure.
Once the cash shows up in your PayPal casino balance, you’re free to enjoy your favorite real money slots and casino games.
Withdrawing at Online Casinos using PayPal in Canada
Getting a withdrawal from your PayPal casino is just as simple as depositing.
1. Look over your winnings.
Before you request a cashout, you need to ensure you’re allowed to cash out in the first place. This entails meeting the PayPal casino wagering requirements, going through the KYC procedure, etc.
2. Make your way to the cashier.
If everything is in order, you’re free to head over to the casino PayPal cashier. Here, you’ll need to enter the amount of cash you want to withdraw and choose PayPal as the cashout method.
3. Go over your withdrawal request.
Fill in any details your PayPal casino may require you to, and note the processing times. This entails both the operator’s processing times and PayPal’s, which is usually instant. Luckily, many of the sites on our list are casinos that pay out fast in Canada, so you shouldn’t have to wait longer than 24 hours.
4. Enjoy your winnings.
Once the cash shows up in your PayPal balance, you’re free to enjoy them. It’s up to you if you choose to spend them via PayPal or withdraw them to your bank account.
Pros & Cons of using PayPal in an online casino Canada?
Using PayPal as your preferred method of choice comes with many benefits and a few drawbacks. Though the advantages outshine the shortcomings, you should still be aware of all the details.
- Widespread payment method with an impeccable reputation.
- Transactions are secure and instant.
- Easy to set up and connect to your bank account or card.
- Keeps your casino transactions outside your bank statements.
- PayPal casinos rarely charge extra for processing your payments.
- Some casino bonuses may not be available to PayPal users.
- Not available in all countries.
- Sometimes you might need to cover a processing fee.
Transaction Fees when using PayPal for Canadians
If we’re looking from the PayPal casino side, deposits are usually free, and coming across a ‘deposit fee’ is extremely rare. The same goes for withdrawals – operators rarely charge extra for processing your cashout.
Yet, that isn’t the case with the platform itself. PayPal charges 2.9% of the amount in the US, plus a $0.30 fixed fee for personal payments made via a debit card. However, PayPal won’t charge you if you deposit straight from your existing account balance.
As for withdrawals, you might have to cover extra fees depending on where you want to cash out your PayPal funds. Usually, users transfer the funds to a bank account or debit card. Depending on where you live, you’ll need to cover an appropriate fee. For instance, PayPal in Australia doesn’t charge anything. US PayPal, however, charges 2.5% of the amount for bank transfers and 2% for debit card withdrawals.
General Facts about PayPal Canada
PayPal was established in December 1998 under the name ‘Confinity’. Two years later, it merged with Elon Musk’s e-banking company, known as X.com. Along with the merger, the new brand name became PayPal.
Then, in 2002, PayPal’s executives launched the company’s IPO. A few months after the IPO launch, PayPal was bought by eBay and became the default payment method for eBay listings.
Over the years, PayPal’s popularity grew exponentially, and it expanded across several other e-commerce platforms. Five years after the eBay acquisition, PayPal partnered with MasterCard. Thanks to this partnership, users were able to make payments on sites where PayPal wasn’t supported. In 2008, PayPal acquired Fraud Sciences, a brand focusing on online risk tools, and added an extra level of security to its system.
Since 2008, PayPal acquired several other companies, like Braintree, Zong, and IronPearl, and built an even larger empire. In 2014, the operator parted ways with eBay and became a single brand. After the separation, it launched its own P2P system. Additionally, PayPal also partnered with Instagram and made its biggest acquisition yet – iZettle.
In 2022, PayPal operates in 200+ countries and packs over 300 million customers. Moreover, it supports 25 currencies, allowing users worldwide to enjoy the convenience of online payments. Its popularity in the iGaming industry also grows daily alongside the list of online casino PayPal operators.
PayPal Alternatives deposits methods for Canadians
PayPal is a leading payment provider for iGaming enthusiasts for over ten years. In that time, the operator has built a decent roster of PayPal casino sites and satisfied customers.
Still, it’s not the only payment method you have at your disposal, and it’s important to know what your options are. The reality is that regardless of how popular and widespread it is, not every site is a PayPal casino. So, we listed the top alternatives to this superb payment method.
All the banking options listed below are accepted across hundreds of casinos, including some PayPal casino sites, and you’re guaranteed to come across them at some point. They all provide top-class service, are very easy and safe to use. Additionally, they all have stellar reputations and long lists of satisfied customers. The payments get processed in mere seconds, so you can start playing as soon as you hit the ‘Deposit’ button.
Skrill is a top-of-the-line e-wallet provider originating from the UK. It provides users with a safe, secure, and quick way to deposit and receive funds. Since it opened its doors in 2001, it’s built a reputation as one of the best payment methods for online gambling. Skrill is available in over 120 countries and supports 40 different currencies. Additionally, the operator has a huge roster of casinos it partners with and even a special VIP program with tons of benefits.
Neteller is a fantastic online payment provider and a very popular choice for online casino enthusiasts. Through it, customers get access to quick and easy transactions right from their smart device. Since it’s supported at all the best casino sites, you shouldn’t have a problem finding a Neteller casino. With its 128-bit SSL encryption and 2-step authentication, you can rest assured you’re in safe hands. Moreover, some operators even offer special bonuses to members that deposit with Neteller.
Neosurf is a banking provider that allows users to purchase items online via a prepaid voucher. The prepaid card can be purchased either online or from an authorized reseller. Since users don’t need to provide any personal financial details, it’s an excellent payment method for online casinos. Yet, a significant drawback of using Neosurf is that you can’t use it for payouts. So, if you want to cash out your winnings, you’ll have to use another banking method.
Boku is a top-class payment platform that’s available at many iGaming destinations. Shortly put, all you need to do is create a Boku account and connect it to your phone number. Every time you deposit Boku, the amount is automatically added to your month’s phone bill. This way, your payments are completely secure since you aren’t sharing any personal financial information. Sadly, players can’t use Boku to cash out their winnings.
Paysafecard is a payment operator in the form of a prepaid card that you can use for online transactions. The cards’ value ranges from $10 to $100, and you can purchase the cards from an authorized Paysafecard reseller. When it comes to online gambling, it’s a great option since it’s effortless to use, and the deposits are instant. Though withdrawals with Paysafe weren’t possible before, users these days can cash out to their online Paysafe account.
Using your debit card at an online casino is the best option, next to an e-wallet. With debit card payments, the deposits are convenient, safe, and fast. Since you get access to your entire bank balance, you won’t have to deal with limits like you would with Paysafe, for example. Moreover, you can find Visa and Mastercard options at almost every online casino in 2022. Note that debit card withdrawals can take up to five days.
Payforit is a leading mobile payment provider. Since it’s a mobile-based processor, users don’t need to register at all. All you need to do is verify your phone number via an SMS code, and you’re free to top off your casino funds. It’s available at a wide range of casinos and has a daily deposit limit to ensure you gamble responsibly. Additionally, deposits with Payforit don’t require any additional fees. Yet, your casino operator might still charge you.
Launched in 2017, MuchBetter is a first-class online payment provider that tailors its service to the iGaming market. Users get access to a fast and safe way to deposit and withdraw from their casino accounts. Additionally, the platform has implemented several safety measures, including fingerprint ID, security codes, and device pairing. All transactions require identity verification before they’re processed, ensuring users they’re in safe hands. The platform is available at many iGaming sites and is a great alternative to PayPal.
Interac is an excellent banking method for online gambling enthusiasts. It allows users to make simple and efficient money transfers, which get processed within seconds. Yet, it’s only available to consumers in Canada, which can be a dealbreaker for many. Moreover, the operator doesn’t allow withdrawals directly to the e-transfer platform. Instead, users can cash out their winnings to their Interac debit card. Still, the withdrawals are processed with the utmost safety and within 24 hours.
Final Thoughts about PayPal casinos
PayPal is an industry-leading banking provider that allows users to handle their finances in a secure, quick, and simple way. At a PayPal casino, you’ll be able to seamlessly top off your casino funds and cash out your winnings just as fast. PayPal ensures all transactions are completely secure and that your identity and financial details are protected.
Signing up for a PayPal profile is completely free, and you can do it right from your phone. The operator is completely transparent regarding all extra charges, so you don’t have to worry about getting scammed. Though there are some drawbacks, like its unavailability at US casinos, it’s still a great payment option.
Can I use PayPal to play in online casinos Canada?
Yes! PayPal is a great choice for players that want to handle their casino finances through a reliable and convenient e-wallet. As long as the operator of your choice supports PayPal as a valid payment method, you’ll have no problem depositing and withdrawing funds.
How fast are PayPal Casino payouts for Canadian Players?
Since PayPal is an electronic wallet, all transactions are handled online and are instant. Once the PayPal casino approves the withdrawal, the winnings should show up in your PayPal balance within seconds. Note that some casinos have withdrawal pending periods that can last between 24 or 48 hours.
Are there any fees when using PayPal at an online casino Canada?
Depositing at a PayPal casino with a bank card requires users to pay 2.9% of the total amount, plus an additional $0.30 fee. As for withdrawals, it depends on the country you live in. For instance, US citizens need to cover a 1% fee to transfer the money from their PayPal balance to their bank account.
Do all Canadian online casinos accept PayPal?
Unfortunately, no. Though lots of casinos do support PayPal, there are some exceptions. For instance, some operators can’t offer the e-wallet due to being in a restricted country, like the US. Yet, these sites often offer alternatives to PayPal, like Skrill or Neteller.
Where Canadian Players can find casinos that accept PayPal?
In 2022, there is no shortage of PayPal casino sites. Our team listed the best old and new casinos Canada that offer PayPal for deposits and withdrawals. Simply look at the list at the top of the article, and you’ll find a handful of excellent PayPal casino options.
Why use PayPal at online casino sites Canada?
Many benefits come with using PayPal as your preferred payment method at an online casino. It’s the number one e-wallet provider globally and has a reputation for being extremely secure and reliable. It’s effortless to use, and the transactions get processed in mere seconds. Plus, it’s a great buffer between you and the PayPal online casino.
What is the minimum PayPal casino deposit in Canada?
PayPal doesn’t have a set minimum limit on how much you can deposit with it. So, the limit depends on the casino you’re playing at. Usually, a PayPal casino will set its minimum deposit around $10 or $20. However, you can also find some minimum deposit casinos Canada, where the limit is as low as $1.
Can I use PayPal in all countries for online casinos?
No. Though the e-wallet is supported in many countries, especially in the EU, there are some restrictions. More specifically, players residing in the United States and Australia don’t get access to this payment method. Some of the approved countries include the UK, Greece, Finland, Ireland, Sweden, and Belgium.
Can I Register for Free at PayPal in Canada?
Yes! Signing up for a profile at PayPal is completely free. The e-wallet provider doesn’t charge anything for creating and managing your account or using the mobile app.
Can I get a casino bonus when depositing with PayPal from Canada?
Of course! There are plenty of online casinos that offer juicy bonuses to customers that deposit with PayPal. So, by completing the minimum deposit requirement at your PayPal casino, you can easily claim some sweet prizes. These can include matched deposit bonuses, free spin bundles, etc.