PayPal casinos were once a dime a dozen. At least until 2003 when eBay purchased the company and voluntarily banned all online gambling transactions world-wide. However, since 2010, the number of online casinos accepting PayPal has increased dramatically. Unfortunately for Canadians, not online casinos in Canada do not accept PayPal. The internet payment processor allows companies to apply with a gaming license from a specific country and will approve those applications and allow an online gambling operator to accept PayPal transactions from residents of that country only. The trend started in the UK, but has since spread to a number of regulated markets. Despite the fact that Kahanwake issues Canadian gaming licenses, the legal casino environment in Canada remains underdeveloped which means Canadians won't find an online casino that will allow them to use their PayPal account - even if they offer the payment solution to other countries. However, citizens of other nations such as the UK, Italy and Denmark can all take advantage of the benefits of PayPay online casinos.
Paypal is a great choice for deposits and withdrawals and it is also very versatile. Players can link it to their credit and debit cards as well as their bank accounts. When you choose the paypal casino payment method it is a very simple process. All you have to do is select your preferred payment method in the cashier section and you will be then asked to log into your paypal account. From here you will be given the option of depositing funds from your balance or your credit card on file. You choose and a few seconds later you will find your funds in your casino account ready for you to start playing. Withdrawing is just as easy and from the withdrawal page on the casino site all you have to do is select Paypal, log into your account and approve the withdrawal.
PayPal allows you to send money to over 190 different countries around the world and they also offer 100% protection against unauthorized payments from your accounts. Casino players in Europe can use this payment method for most gambling transactions but people with US or Canadian accounts are not permitted to use them for online gambling.
There are so many advantages to choosing this payment processors for all your online gambling needs but the main ones include:
With so many great advantages it's hard to think that there might be disadvantages but there are a few and these include:
If you are located in a regulated market, there are lot of the top gambling software providers now allow PayPal as a payment option. This includes Microgaming who power top casino likes Spin Palace, Jackpot City, Bet365 and more. Playtech is another software provider with this payment method as is IGT/Wagerworks. Those who prefer RTG casinos won't have this payment option and this is because RTG accepts US players and PayPal has a ban on payments for US players engaged in online gambling. If you do have the option of playing at a PayPal casino make sure you keep your eyes peeled for PayPal casino bonus offers. Not all sites will offer them but if you find them make sure to avail of them as they are a great way to boost your bankroll. With this type of offer you will receive a percentage bonus up to 15% every time you deposit funds into your casino account using this payment method. There will be terms and conditions that must be adhered to so be sure to read these before accepting the offer.
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