PayPal Casinos Canada
PayPal At A Glance
|Payout Time||2-48 hrs|
At some point in your life, you would’ve come across PayPal as this e-wallet service is available in almost every country in the world as one of the most trusted online payment methods. PayPal is often used to make online payments or purchases on online stores, but the question is, how well does it fare as an online casino banking method? Well, unfortunately there are no PayPal casinos in Canada.
In this segment, we’ll be taking a look at everything that there is to know about PayPal, as we discuss its security, origins, how it works, and how it can be used to make deposits and withdrawals at online casinos.
The question that you are probably asking first is why an online casino in Canada cannot accept PayPal. PayPal is accepted at some online casinos in the UK and some other European Union countries and we list some of those casinos below for your reference. PayPal has not outright banned gambling transactions in Canada but the process the online casinos need to overcome in order to offer it has some obstacles and currently it is not worth them to do it.
What is PayPal?
PayPal is an online payment service that operates out of the US and was established to be a safe alternative to traditional online cheques. PayPal also operates as a payment processor for a variety of online auction websites, vendors, and a range of profitable users. While the service is known for allowing clients to receive, send, and store cash in a wide range of currencies, we’re going to dive a bit deeper into what exactly it entails.
PayPal was founded in 1998 under the name Confinity and had gone public in 2002. Further down the line, it became a fully owned subsidiary of eBay, and in 2015 it was pitched as an idea to the stakeholders. There are plenty of mergers and acquisitions between 1999 and 2015, but it has been an extremely profitable company and has a variety of partnerships with other brands such as Instagram, where it provides users with an easy-to-use payment option.
Since 2008, PayPal has had several acquisitions such as Fraud Sciences, Where.com, Zong, IronPearl, Venmo, Paydiant, Xoom Corporation, iZettle, GoPay, and Honey. PayPal was founded by Ken Howery, Max Levchin, Yu Pan, Luke Nosek, Peter Thiel, and Elon Musk.
How it Works
PayPal is an e-wallet service which essentially means that you’re able to make and receive payments while using a secure online banking account. Furthermore, you can also use one of your private banking accounts to transfer funds in and out of your PayPal account, making it one of the most diverse banking methods available.
One of the best ways to use PayPal is for online gambling, as there’s enough online security to ensure that you can make your transactions in total safety, but we’ll touch on that in the next part of the segment.
Like any other online payment method, PayPal is only as safe as what you’d allow it to be. By following the necessary steps, you can rest assured knowing that your transactions are completely secure. Essentially, PayPal is safer to use than a traditional banking account and credit card when making purchases. This is due to buyer information being stored in an online vault, and this means that there’s no way for fraudsters and cybercriminals to hack into your account.
There’s also the payback protection clause that ensures that you’ll get your cashback if you don’t receive the product that you’ve purchased. This will provide you with the necessary assurance to make purchases confidently.
The safe protocols that are used to keep buyers safe also apply to sellers; however, the key difference is the dispute and transaction issue. This means that PayPal has made it incredibly easy for buyers to dispute transactions that otherwise can’t be done for the same reasons that sellers couldn’t.
Overall, the safety that’s provided by PayPal is second to none, and it’s one of the reasons why it’s viewed as one of the best e-wallet services in the world.
How to create a PayPal Account
Before you can use a PayPal casino Canada, you’ll be required to create an account, and unlike a variety of online banking methods, signing up with PayPal is quite straightforward. However, you need to know that there are two types of accounts, personal and business and you’ll need to sign up with a personal PayPal account.
What you’ll need to do is head to the PayPal website and select a personal account, and then you’ll be redirected to an online application form. This will require you to enter personal information such as name, surname, email address, residential address, phone number, and more. Once you’ve entered all of the required information, the account will be created, but you’re not done yet.
The next step is to link either a debit or a credit card to your PayPal account, and this will allow you to withdraw and deposit funds while using the service. The final piece of the puzzle is to verify your email address, and then you’re all set.
How to Deposit at a Casino with PayPal
One of the reasons why it will be impossible for Canadians to find online casinos that accept PayPal deposits is because Canadian online casinos won’t allow the casino PayPal deposit to be made. This is mainly due to online gambling not being regulated by the Canadian government; hence, PayPal has chosen not to allow transactions in the region.
However, there is a way around this, as there are a few sites that will turn a blind eye to casino players that are using a VPN.
The deposit process will go according to the following format:
- Head to the cashier/banking section of the casino that you’ve chosen.
- Select PayPal as your deposit method.
- Select the deposit amount and ensure that it’s within the casino limits.
How to Make a Withdrawal from a Casino with PayPal
The withdrawal process is pretty much the reverse version of depositing with PayPal. The only differences that you might experience between the two methods are the layout that’s been presented by the casino that you’ve chosen. The first step you’ll need to take is to ensure that the casino that you’re playing at accepts PayPal as a valid withdrawal method. Once this is confirmed, it should be smooth sailing from there.
Head to the cashier or banking section of the PayPal casino in question and select PayPal as a withdrawal method. Once this has been done, enter the amount you’d like to withdraw, and that’s how easy it is to use PayPal.
As is the case with most banking methods, there’s always some sort of fee that’s in effect and regardless of how large or small it might be, it’s always in your best interest to know. PayPal is a remarkable online banking service and it has some reasonable fees for those you’ve chosen to use an online casino PayPal.
If you’re transferring funds from your bank account to your PayPal account then there’ll be no charges. However, should you opt to transfer funds from a Visa debit or credit card then there’ll be a 2.9% fee based on the currency that you’re using. Should you decide to make a transaction from one country to another with your bank account to your PayPal account, a flat rate that ranges from CA$2.99 to CA$4.99 is in effect.
This applies to international transfers using Visa cards too, but the 2.9% fee is added. As you can see, using PayPal is quite affordable and there’s no reason why you shouldn’t choose it as your preferred banking method at PayPal casinos Canada.
|PayPal funding method||Fees in Canada||Fees in US and Europe||Other International Fees|
|Bank Account||No Fee||2.99 CAD||4.99 CAD|
|PayPal Balance||No Fee||2.99 CAD||4.99 CAD|
|Credit Card||2.90% + fixed fee||2.99 CAD + 2.90% + fixed fee||4.99 CAD + 2.90% + fixed fee|
What to look for in a PayPal Casino
When it comes down to choosing the best PayPal casino, there are a variety of factors that you need to consider, and it’s your responsibility as a player to ensure that you conduct the necessary research. While there are plenty of PayPal casinos scattered across the internet, this doesn’t mean that all of them are legit, especially when it comes down to licensing, regular auditing, game selection, and customer support.
Below we’ll be discussing each of the aforementioned factors and why they’re paramount to your experience as a casino PayPal user.
Arguably one of the most important aspects regarding the legitimacy of a PayPal online casino, all online casinos, especially casinos accepting PayPal, needs to operate under a license that’s been granted by a legitimate licensing authority. In Canada, there are a few licensing authorities that you’d want to look out for, this is the Kahnawake Gaming Commission, the Curacao Gaming Control Board (if the casino offers cryptocurrency support), the Malta Gaming Authority, and the UK Gambling Commission.
These authorities have particular standards in place that ensure that all players are being subjected to fair gameplay and that the casino sites that accept PayPal aren’t operating illegally or posing as fronts for illegal operations. Always look for the name of the licensing authority at the bottom of the homepage of the online casino PayPal Canada.
Auditing and casino licensing go hand-in-hand, with the former being an incredibly important aspect regarding the legitimacy of an online casino. Auditing or testing agencies are responsible for ensuring that PayPal casinos online can be trusted. These agencies are usually employed by online casinos and their names are displayed at the bottom of an online casino homepage in the form of a certificate or badge of authenticity.
The most popular testing agencies include eCOGRA, iTech Labs, RSM International, Price Warehouse Coopers, Gaming Associates, and many more.
Game selection is an incredibly important part of online gambling as a PayPal casino that doesn’t provide you with adequate options regarding the game titles won’t be an enjoyable one. There are a few things to look out for when choosing a casino to accept PayPal, and the game selection should have a variety of categories such as online slots PayPal, table games such as blackjack, baccarat, poker, and roulette.
There should also be a live casino that features all of your favorite table games along with a variety of miscellaneous titles to keep things interesting. These will include games such as bingo, scratch cards, and various game show titles.
Likely one of the most overlooked factors regarding your experience at casino PayPal, customer support could get you out of sticky situations and they’ll assist you whenever you need it. The best PayPal casinos will have a minimum of 2 contact methods, namely a live chat feature and an email form. However, there are plenty of online casinos that offer a toll-free telephone service to their clients, which is always a good touch.
If you’re looking for an online payment method that’s safe, cost-effective, and accepted worldwide, then PayPal is one of the best banking methods for Canadian users. This is a service that’s easy to use and the fact that you can store your funds in it makes it much more efficient and rewarding to use. We would recommend finding out which casinos are sticking with it, which are getting rid of it, and which ones are adopting it.