There are a large number of PayPal casinos in Canada as this is one of the more popular eWallets for online transactions.
That being said, while this is a popular online payment method to this day, Canadians can’t use this method for casino deposits any more. Check out all the payment providers.
All Paypal casinos
PayPal casinos used to offer super speedy transactions through PayPal. This was great as, though there could be fees, security was at a maximum, meaning you could get playing quickly.
What is Paypal
PayPal is an online eWallet payment system. They are a third-party payment processor enabling you to make online purchases at various sites.
PayPal has high security levels. Using PayPal means you do not have to share any personal details with the website or casino you’re transacting with.
To make PayPal deposits, you will need to make a PayPal account. This is quick and easy, requiring verification via an email address.
Once verified, simply go to the casino banking section and select PayPal for deposits. Input the deposit amount and confirm that it’s correct. Check out all the payment methods here.
PayPal payouts are just as easy as making a deposit. All you need to do is go to the banking section and select PayPal.
Input the amount to withdraw and confirm. The casino will need to check that you have met any wagering requirements before it will go through.
Paypal payout duration
While deposits are instant with PayPal, withdrawals can take anywhere from 24 to 72 hours to process depending on the casino. This is due to the varying pending times each casino employs and whether your casino account is verified.
PayPal has a lot of fees attached, some of which can be high. You will have to pay a withdrawal fee when claiming any winnings. Transferring money from your PayPal account to your bank account can also incur fees.
Our experience with Paypal
Generally, our experience with PayPal is a good one in that it does offer an easy-to-use, fast and secure payment platform for anyone to use.
However, it is now banned from use at Canadian casinos. On top of that, it can incur some hefty fees which makes it off-putting.
New Paypal casinos
While older casinos often offered PayPal there are now no new PayPal casinos in Canada due to a recent change in online gambling payment options.
PayPal casinos are now non-existent in Canada because of this. Instead, you will need to use a different payment method when playing online.
Check out all new Canadian casinos below!
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Other payment methods
With PayPal now an obsolete payment option at Canadian casinos, you may be wondering what other options are out there that work in a similar way.
Both of these are easy to set up, have high levels of security, and offer fast transaction times. Better yet, they don’t have such high fees.
More information coming…