PayPal: Why is it One of the Most Popular e-Wallets in Canadian Casinos?
PayPal was founded in 1998, and it has been the world’s most used e-Wallet system for the past 20 years. The system has succeeded majorly due to its security and reliability aspects, enabling users to transact without having to disclose important information that may compromise the account. Other than being useful in online shopping settings, it has grown to be a primary payment option of choice in online gambling.
What are PayPal Casinos?
PayPal casinos are the online gaming platforms that accept PayPal as a method of either depositing or withdrawing funds. In Canada alone, PayPal boasts of about 7 million active users. If you are interested in using this payment option for gambling, keep reading, and we’ll show you some of the coolest Canadian casinos where you can use it.
Top Paypal Casinos in Canada
Up to $1000 Bonus
$800 Free for First 3 Deposits
Up to $750 Bonus
Welcome bonuses up to €/$1600
Getting Started with PayPal
To open a PayPal account, you just need to fill up the signup form on the PayPal website. You will then be asked to verify your email, a process that only takes a minute or two at most.
Log in to your account and take a few additional steps to add your bank account and credit card, as well as complete verification to activate your account. Verification generally takes a few business days to complete. After confirmation, you can use your new PayPal account to make deposits and withdrawals in Canadian online Casinos.
How to Deposit and Withdraw Using PayPal in Online Casinos
PayPal operates like a checking account on its own for use at internet-based vendors. Therefore, users need to deposit money into their PayPal account via direct bank or card transfers and then use the money at PayPal casinos.
In line with the service itself, it’s an effortless task to make a deposit or withdraw at casinos that accept this method.
Associated Fees
PayPal deposits and withdrawals are mostly free, but some casinos may charge you a deposit fee for using PayPal. However, receiving money via PayPal from the casino will cost you 2.9% fees plus 0.30 CAD for every amount you receive.
Security Features
Paypal uses 128-bit SSL encryption to ensure the security and safety of all financial information and transactions. On top of that, safety policies used by PayPal are top notch; for instance, they have an airtight privacy policy and two-factor authentication for mobile users. The systems are also regularly upgraded to ensure 100% security for their ever-growing customer base.
The Most Reliable PayPal Casinos in Canada
Some of the top Canadian casinos that accept PayPal include:
Hits and Misses
While PayPal has plenty of benefits for online gambling, there are a few drawbacks of using the service as well. They are as outlined below:
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