Yes, you can now use PayPal services across online Canadian casinos. The biggest online banking service is now open to the millions of Canuck users to help them deposit and withdraw money from the favourite online casinos. PayPal is just one of many alternative forms of payment now accepted by major online casino operators, and here's how you can find the best casinos offering it.
Top PayPal Casinos
We made this review of the PayPal Casino Canada service to show you the benefits of having your Canadian dollars handled by them.
Here are some of the key points of discussion coming up:
✅ Best Canadian PayPal Casinos 2020
✅ CRA (Canadian Revenue Agency) Regulated
✅ PayPal Mobile Services
For you to be able to use PayPal, you need the best casinos online that are able to offer their service as a payment method.
As such, we have compiled a top 5 list of PayPal Casino Canada sites that you can join right now. Setting up your account takes a matter of minutes and with PayPal, your banking set up will almost be instantaneous.
Click – Pay – Play: With PayPal playing online will be faster with added security
How we Rank Payment Providers
Our ranking system is based on 4 key criteria. These set-in-stone elements of our system mean that all banking services provided by the best casinos online will give you risk-free security that covers your financial transactions.
Those 4 criteria are:
- Safety & Security
- A Smooth Transaction Process
- Speed of Payment
- Customer Support
We make every effort to pass on services that are not only legally approved but that also meet the necessary safety and security standards as expected and, as such, must be fully regulated by an independent financial body.
We check that the transactional processes are adequate for casino members so that they are able to deposit and withdraw with the PayPal service. With this we expect the speed of the transaction to be adequate to meet the user’s needs and lastly, support is to be provided by casino operators 24/7 so that banking matters can be assessed and resolved at the player’s convenience.
What is PayPal?
Canadian PayPal is a leading name when it comes to electronic financial services, which is used worldwide for payments and deposits across all commercial markets. PayPal is a free service for members and allows you to make payments to a variety of vendors and this is where online casinos now feature.
PayPal as a payments service is much like a third-party accounting model. Users will deposit funds into their PayPal account through a standard bank transfer synced to their original banking operator.
The funds deposited into the PayPal account can now be transferred into your preferred online casino. Whilst this banking service is set up, payments become as fast and simple as one click, or tap.
The set-up of PayPal is beneficial because as a middle party, they can extract your own financial details and pass the payments on to the casino without the risk of data being attached to the transaction from PayPal to casino.
Note: There are no fees added to your payments or withdrawal. Any online casino using the PayPal service will pick up all surcharges related to transactions. This is 25% of all costs used through the service.
How to Open an Account with PayPal
PayPal has a simple 4-step guide on how to open your account with them.
1: Head to the PayPal website and click Sign Up.
2: Select the type of account you’d like to create, in this case, your choice would be ‘Individual’.
3: Click Get Started and enter your information.
4: Click Continue and complete your PayPal account sign-up
Form this point of completing your personal details and generating your account, you will now need to add your credit or debit cards to your PayPal account.
Now, you have your PayPal account ready, you can now add PayPal as your banking option inside your casino account.
How to Deposit to Online Casinos using PayPal
Using your PayPal will help you to deposit funds into your account faster and more securely, which can be done via Laptop/Desktop or from a mobile smartphone. These are the steps you take to deposit payments into your casino account to begin playing.
1: Get Funding Ready
Connect a credit or debit card to your PayPal account so that there is credit available that can be transferred instantly to your casino account.
2: Casino Setup
Inside the casino site, make sure you have selected PayPal as your main payment service.
3: Pick Your Amount
Check the casino’s minimum deposit requirement and select the amount you wish to transfer from your PayPal into the casino account.
When using PayPal, transactions are often instant. Wait for your balance to refresh with the new amount before exiting the banking process.
5: Time to Play
Now the money is in your account, you can use the funds to begin playing games inside of your online casino.
How to Withdraw from Online Casinos using PayPal
Just like the deposit process above, the withdrawal of your winnings can be actioned in 5 easy steps. Relative to the casinos terms on how the winnings are made and upon completion of the Know Your Customer (KYC) process during registration, you can begin to collect your money.
Follow these steps and you can be splashing out with the cash you won in no time at all.
1: Check Your Balance
If you have finished playing and your winnings are confirmed, make sure your balance matches what you won during your time playing.
2: Verify Your Details
Next, you must verify that you are able to withdraw the winnings from the balance. So, if you used a bonus, make sure you have met the wagering requirements. Check the right payment method is set up on your account in case you have more than one option, and the default is not PayPal.
3: Select Your Withdrawal Amount
The PayPal withdrawal section will display your cash total. You can withdraw all or part of the sum. Select the amount and make sure the value is within the min and max limits.
4: Withdrawal Process
Confirm the withdrawal by selecting the confirmation button to activate the process and, once the banking has refreshed, it will inform you how long the transaction will take so you are able to go to your PayPal account to see it has arrived.
5: Time to Spend
From this point, you have two choices; 1: Spend the winnings online by using your PayPal service or 2: Withdraw the money from your PayPal account into your original banking account and spend the winnings as you normally would.
Note: The KYC is a registration process all registering members of every online casino goes through. This is a monitoring process to cut down on fraudulent accounts looking to launder money. The KYC process it there to safeguard you.
Is PayPal Free to use?
Opening a PayPal account is free, with no hidden charges and this also comes with the option of downloading their mobile app at no cost.
Sending money as a personal payment comes with no fees, should this be between family and friends, and receiving money in kind is also without fees.
When it comes to goods and services and purchase payments, there are no fees included. This means deposits into casinos are free as well as withdrawals.
Withdrawing the money from your PayPal and putting it into your bank account is also free.
When it comes to depositing and withdrawal limits, these vary from casino to casino; you will need to either confirm with the customer service team or read the casino banking page for clarity.
Is PayPal Safe and Secure?
When you sign up to use PayPal, you are immediately protected by a wide range of safety and security measures. The PayPal package includes Fraud Prevention, Buyer Protection and advanced encryption software to protect your data.
PayPal is not affiliated with any other company and has a strict policy on what casinos they will and will not provide their service to. This ruling adds to a casino’s validity, as PayPal services inside an operator is now a golden seal of approval.
As the service of PayPal allows you to pay through them as a third party mediate, your banking details do not get used or passed on with using the service to perform an online transaction.
PayPal is also a service that is approved by the PCI Security Standard Council.
PayPal Casino Mobile App
The PayPal mobile app is a free download option, not essential, but will give you instant access to your account data and usage. The app is available to download directly from the PayPal site offering iOS and Android applications.
- Move your money with ease and have full control over your finances.
- Action transfers with just your mobile number or email address.
- Get global currency rates and transfer funds worldwide.
- Choose how you want to pay across millions of app and sites.
Get your payment on the go and receive instant notifications whenever you receive, send and spend with your PayPal.
Pros and Cons regarding the PayPal mobile app:
|Pros of the PayPal App||Cons for the PayPal App|
|✅ Instant Notifications||❌ Accounts can be frozen if suspicious activity recorded|
|✅ Easy Organization|
|✅ Secure Online Encryption Tools|
|✅ Free to Download|
|✅ Supports Fast Deposits and Withdrawals|
Alternative Payment Providers
PayPal offers such a wonderful service, but for some players, they may not wish to use this service: if they already have a PayPal account, they may look to keep things separate. So, what alternatives are out there and available to online casino members that can offer the same reputable and reliable service?
Neteller: Incredibly similar to PayPal, this e-wallet service is a global champion in providing fast and anonymous payment. Neteller works as a third party service, so just like PayPal, you will deposit money from your original back account into your Neteller account, you will then transfer funds to your casino account without the primary details of your original bank account being used. This is what is meant with the term anonymous banking.
Skrill: Just like Neteller, Skrill is an alternative e-wallet service that performs the same tasks in handling your finances between your bank account and casino. Setting up your Skrill account can be done so with just an email address. This service fully supports anonymous banking and also provides a free mobile app to help you keep track of your finances.
Interac: Officially Interac e-Transfer, this is a new online service that has already boomed in Canada. Supported by over 250 operators, this service is backed by the OSFI and FCA. Anonymous banking, deposit and withdrawal support, and no fees on the transactions.
PayPal Casino Canada Conclusion
PayPal is a highly important product for consumers in the modern age. It’s a brand with a reputation that exceeds it, people know what PayPal is and if you have purchased anything online in your lifetime, you will have seen this as the main payment option.
The reason for its success is that PayPal managed to make online payments more easily convenient than what they already were. The effort to pay for goods soon became a one-click habit and because of the amounts of money which PayPal is used to handling, there is no question that the security had to be the very best possible given the user numbers there are signed-up as members. In Canada alone, there are 6.4 million registered PayPal accounts.
|Advantages of PayPal||Disadvantages of PayPal|
|✅ Regulated Banking Service||❌ Can Only Be Used as an Online Payment Service|
|✅ Accepted Globally By Online Merchants||❌ No Physical Card Service|
|✅ Instant Payments and Withdrawals|
|✅ No Fees for Casino Linked Services|
|✅ Free Mobile App Download|
For us, being a service that passes on factual recommendations and honest advice, the key to the success of banking services like PayPal is the anonymity that comes from being a member. Simply put, if you do not want your personal banking details whizzing through the ether of the Internet, then companies like PayPal are going to spare you that concern and headache. There is simply no disadvantage to it, making it perfect for online gamblers to use to support their time playing online in the most secure way possible.
What is PayPal?
PayPal is a globally accessible payment system that allows users to transfer money and pay for goods and services. It functions as a third-party service that handles funds between your original bank account and your online casino.
Can I use PayPal at Online Casinos?
Yes. The service of PayPal is available at a number of online casinos in the Canadian market. The service is entirely free and there are no added fees to your deposits and withdrawals.
How long do transaction take when using PayPal?
Whether you deposit or withdraw using the PayPal services at online casinos, the transaction will be immediate for deposits and up to 24-hours for withdrawals.
Can I bank in Canadian Dollars when using PayPal?
Yes. You can use Canadian dollars for your PayPal account. To transfer money into your account, you can use standard bank transfers, credit and or debit cards.
Is PayPal Safe and Secure?
Yes. PayPal has a number of security features that will protect and support your time as a registered account holder. Features include Fraud Prevention and Buyers Protection. The service is also integrated with encryption technology to code all data. As for your banking data, nothing is used in the transferal of money from you PayPal account to the casino.
Are there any fees associated with PayPal?
There are no fees when using PayPal as your main payment service. Freely allowing you to deposit and withdraw funds as often as you like.
Does PayPal have a Mobile App?
Yes. There is a free mobile app for mobile devices built with Android or iOS systems. You can download free from the PayPal site directly or from Apple stores and Google Play.
What are the alternatives to PayPal?
We recommend three services that provide almost identical services to that of PayPal:
- Interac e-Transfer