If you’ve heard of e-wallets, chances are that you’ve heard of PayPal. It’s by far the most popular one around and has been a mainstay of online commerce around the world and in Canada for the past two decades. The company processes over $315 million transactions daily, it completes over $2 trillion in online transactions annually, and according to the last survey, over 7 million Canadians use the service.
For those unaware, this payment method facilitates payments between parties through online transfers in a secure way. With more than 21% of Canadians using mobile payments, and over 20% of Canadian smartphone users stating that they have, or at one time have had the PayPal app installed on their phone, it’s clear to see that this is a method that is preferred by Canada’s residents.
This is a great option for any kind of online or off-line transaction. Canadians can use it for just about anything, online gambling included.
How PayPal Works
Customers create an account with the platform that they connect to their checking account or their credit card. Once a verification process goes through and proof of funds is confirmed, the user can freely send and receive money through the service by way of his online account or through the dedicated app.
The service is thought of by many as the fastest and most secure way to pay online. It’s available in 203 global markets, with no conversion of currency necessary. It’s free to sign up, features low fees, and transactions made with select online retailers may include a PayPal discount or some sort of cashback.
Using PayPal at Online Casinos
Opening an account is straightforward. All you need is a valid email address and your banking information. However, not all online casinos that accept PayPal as a deposit method for Canadian players, accept it for both deposits and withdrawals. Some might even ask you to use it as a withdrawal method if you deposit funds through it. There also might be different types of minimums, fees, and processing periods for each. Other sites might provide a special PayPal bonus. So, always read the terms and conditions before playing.
How to Deposit Funds
Here are a few steps that players usually have to perform to fund their casino account using PayPal:
- Sign up at a PayPal Casino
- Choose PayPal as a deposit option from the banking/cashier tab.
- Enter your deposit amount.
- Enter a bonus code if you have one to claim a promotional offer.
- Log into your PayPal account to approve the payment.
- Check your casino account to see if the funds have been transferred.
How to Withdraw Funds
Withdrawing funds from a casino account is a fairly simple process. PayPal is also one of the fastest methods available, though this varies depending on the casino’s policy. While most platforms process the transaction within 24 hours, at some, this might take up to 3 working days.
To remove funds from your casino account just go through the following steps:
- Choose PayPal as a withdrawal option from the banking/cashier tab.
- Enter the amount you wish to take out of your account.
- Approve the withdrawal and check your PayPal account to see if the funds have been transferred.
Casinos that accept this deposit method:
- My Chance
- Nitro Casino
- Yukon Gold
- Jackpot City
- Spin Casino
- Zodiac Casino
- Royal Vegas
- Night Rush
For more information regarding the service, please see the product-specific homepage.