Advantages and disadvantages of PayPal casinos – Nearly flawless payment method for Canadians
The biggest advantage of online casinos that use PayPal, for me, is the payment method’s ubiquity. Pretty much everyone I know uses PayPal, and a casino allowing me to pay with a service I already use every day is the peak of convenience for me.
Something else I love about casinos with PayPal deposits is the low fees. PayPal doesn’t charge users for making payments; it only charges vendors a tiny amount per transaction. So, if you incur a fee for using a PayPal casino in Canada, it’ll be from the casino.
It’s also hard to find an online casino payment method that lets you add up to 24 cards and eight bank accounts in Canada. The fact that I can easily cycle through all my cards to choose the one with funds is the reason I keep coming back to PayPal; no other payment method does it seamlessly.
The only drawback to using PayPal casinos I can think of is the fee for instant money transfers to your bank. If you want to transfer your PayPal balance to your bank account, you’ll either have to wait for one to three days for the money to arrive or pay 1.75% (up to $25) of the withdrawal amount for an instant transfer.
Given that most other payment methods have similar delays for bank transfers, I don’t see this being a dealbreaker for anyone.
In summary, here’s a quick look at PayPal’s pros and cons:
- Instant deposits and withdrawals
- Passwordless biometric authentication
- Up to 24 debit/credit cards
- Low fees
- 1-3 day delay for bank withdrawals
Depositing with PayPal – How to fund your account via PayPal
You’ll have to own a PayPal account with a linked debit/credit card before attempting to deposit to an online casino using the option. It’s possible to do it without an account, but then you’ll need to go through the lengthy registration process to complete the deposit.
With that said, here’s how to deposit to online casinos in Canada with PayPal seamlessly:
- Step 1:
Navigate to the Cashier section in your chosen casino and select “Deposit’
- Step 2:
Click on the PayPal icon from the deposit options
- Step 3:
Input how much you intend to deposit and confirm the payment
- Step 4:
You may need to enter your email address and password to continue
- Step 5:
Choose your preferred payment option and click on continue
- Step 6:
Confirm the payment
The deposit will only work if you have enough funds in your PayPal balance, linked bank account, or credit card. Fortunately, PayPal allows you to link up to 24 cards and eight bank accounts to your account, allowing for top-notch payment flexibility.
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Withdrawing to PayPal – Quick, easy withdrawals
PayPal didn’t only allow me to deposit; I was also able to withdraw my winnings to my PayPal account. It sounds basic, but if you’ve experimented with a payment service like Boku that wouldn’t even allow you to withdraw, you’ll understand why this is a big deal.
Here’s how you can withdraw your winnings from a PayPal casino in Canada.
- Step 1:
Log into the account and navigate to the Cashier section
- Step 2:
Select the withdrawal option
- Step 3:
Click on the PayPal icon from the withdrawal options
- Step 4:
Enter how much you want to withdraw
- Step 5:
Input the email address linked to your PayPal account
- Step 6:
Authorize the transaction
The casino should credit your PayPal balance with the same amount after verifying your withdrawal request. Also,? expect an email from PayPal notifying you of the transaction once it’s successful. You can log in to your account to view your updated balance.
Verification process for PayPal – Verifying your bank account with PayPal
If you plan to transact on online casinos that use PayPal in Canada very often, consider undergoing the PayPal verification process. Verification comes with plenty of benefits and eliminates many of the limits associated with using a PayPal casino in Canada.
When you verify your account, PayPal will let you link up to 24 cards to your account instead of four. PayPal also imposes a seemingly arbitrary transaction limit on unverified accounts that are only removable by verifying the account, so it’s not very optional in that sense.
Thankfully, verifying a PayPal account in Canada is easy. Here’s how I did mine:
- Step 1:
Log into your PayPal account and switch to the wallet tab
- Step 2:
Tap on the plus (+) icon across “Banks and cards”
- Step 3:
Select “Banks” and search for your bank
- Step 4:
Choose the bank and enter your details
- Step 5:
Wait for three days and request for your bank statement
- Step 6:
Look for two small credit transactions (less than a Canadian dollar)
- Step 7:
Enter the exact amounts for both transactions in the provided fields
If you get it correctly, which you should if you indeed have access to the bank account you’re linking, PayPal will verify your account, allowing you to transact limitlessly at online casinos that accept PayPal.
Transaction times with PayPal – Instant deposits, quick withdrawals
PayPal is one of the fastest ways to transact on online casinos. While the payment service doesn’t delay transactions per se, I’ve occasionally experienced delays when trying to withdraw, and there’s a plausible explanation for that.
Online casinos typically don’t approve withdrawals instantly. Several verification processes go on under the hood before a gaming site will pay out your money. During that time, they won’t send anything to PayPal, and consequently, PayPal would be unable to process the withdrawal.
Once the casino is done ‘processing’ your winnings and approves the payout, PayPal will instantly send it.
As for deposits, I’ve never experienced a delay. If your deposit doesn’t reflect in your casino balance as soon as you approve it, contact your casino’s support.
To understand just how impressive PayPal’s transaction speed is, here’s how long it takes me to withdraw using other payment methods in Canada, on average:
| Payment method | Withdrawal time |
| INSTADEBIT | 3 to 5 days |
| Skrill | 0 to 12 hours |
| Trustly | 0 to 72 hours |
| MuchBetter | 3-5 working days |
Fees associated with PayPal – No hidden charges
PayPal will never charge you to deposit or withdraw to an online casino, but that doesn’t mean you can’t incur fees. I often notice $1 to $2 charges when using alternate payment methods like MuchBetter to deposit and withdraw, which isn’t usually the case with PayPal. Instead, PayPal charges the merchant (the casino) a tiny percentage on each payment it processes on their behalf.
The PayPal casinos will then decide whether or not to waive the fees. If you’re paying exactly the amount that’ll reflect on your balance after the deposit, your casino is waiving the PayPal fees. However, if you notice a tiny markup, which will most likely be the case from my experience, you’re paying the deposit fees.
PayPal’s free service makes it an excellent payment method for a
deposit bonus casino in Canada, beating the likes of MuchBetter and AMEX which charge for certain transactions.
To avoid unexpected fees, you may want to go through what your casino’s terms of service say about fees.
Security measures for PayPal transactions – Industry-leading encryption and phishing protection
Being one of the world’s biggest FinTech firms, I had high expectations for PayPal in the security department, and it hasn’t let me down so far. PayPal meets the PCI-DSS security standard, a set of regulations that help prevent fraud and identity theft.
Unlike most payment methods that require you to enter a PIN or password each time you use it, PayPal uses passkeys, a newer and safer authentication method that’s resistant to phishing. While I have a password for my PayPal account, I never have to use it when depositing in an online casino in Canada using PayPal. I simply scan my fingerprint, and boom — paid!
While casino deposits aren’t eligible for PayPal’s signature Purchase Protection, users can always initiate chargebacks on any failed deposit.
Gaming sites that accept PayPal – Top online casinos that accept PayPal deposits
Check the banners on this post for recommendations of top gaming sites that accept PayPal deposits. From the best
free online casino in Canada
to real money gaming sites, I’ve handpicked the best platforms that accept PayPal for you.
PayPal casinos aren’t all excellent; you still have to do some work to discover the best casinos in Canada accepting the payment method.
Here are the fail-safe guidelines I use to choose the best gaming platforms that use PayPal:
Most online casinos offer generous bonuses, so there’s no real reason to go with one that doesn’t. You’ll find some
casinos in Canada with free spins
and first-deposit bonuses to attract new users. So, choose a site that offers your preferred reward.
2. Licensing and regulation
PayPal usually won’t process payments for an illegal or unregulated casino, but checking twice never hurts. I always ensure all my favorite casinos that accept PayPal have the relevant licenses to operate in Canada.
Before signing up at any PayPal casino in Canada, I generally check what existing customers have to say about it on third-party platforms to confirm its legitimacy.
An online casino without the right selection of games to suit my preferences is a no-no for me, whether it uses PayPal or not. I always examine the quality and diversity of the games, but you’re free to set your rules.
Conclusion – Secure, convenient, and fast payment method for Canadians
PayPal is the closest thing to a perfect casino payment method, and that’s not exactly a surprise, given its age and reputation. From its industry-leading security measures to seamless deposit and withdrawal procedures, there’s no beating the simplicity and convenience of playing at online casinos with PayPal.
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FAQs
? Can you use PayPal to play an online casino?
Yes, you can deposit funds to online casinos that accept PayPal. The deposits are typically instantaneous if you have enough funds in your cards or PayPal balance.
?? What casinos can I use PayPal?
There are hundreds of excellent PayPal casinos in Canada. Check the banners above this post to get my top recommendations.
?? How long does it take to withdraw with PayPal?
Withdrawing from your online casino to PayPal should be instant unless the former is experiencing some sort of delay. Check your online casino’s withdrawal terms to get exactly how long a PayPal withdrawal would take.
