Probably the most popular e-wallet worldwide, PayPal is fast, convenient and secure, which makes it also one of the preferred methods for depositing and withdrawing from online casinos. But unfortunately, not all online gambling sites accept PayPal as a payment method, since there are other e-wallets that are more commonly used in the casino industry. However, we certainly don't blame you for preferring to stick to PayPal, which is why we've prepared this online casino Canada PayPal guide especially for you! Down below, we'll take a look at this method's advantages in more detail and introduce you to a couple of awesome PayPal casinos that welcome Canadian players!
Depositing and withdrawing via PayPal comes with several indisputable benefits for online casino players. These include:
Instant deposits and withdrawals - like other e-wallets, transactions with PayPal take place instantly, so once an online casino approves your withdrawal request, you'll be able to see the money in your PayPal account immediately.
Increased security - if you use PayPal, you won't have to provide your bank details to the online casinos, which adds an extra layer of security. What's more, PayPal imposes very strict requirements on operators, which they have to comply with in order to be able to continue using the service.
Casino bonus entitlement - other popular casino e-wallets like Skrill and Neteller are usually excluded from casino bonuses. Luckily, PayPal often isn't, which means that if you make a deposit via PayPal, you'll get the full bonus and be able to take part in a casino promotion.
popular e-commerce method - one of the greatest things about PayPal is that it's accepted as an online payment method across a huge range of industries, which means that you can use your account to make other purchases, and not just casino deposits. You won't always have to withdraw the money back to your credit card and incur withdrawal fees, but may decide to keep it in your PayPal account for your next online purchase!
it is free to register for and use - anyone with a valid credit card can create a PayPal account in no time, completely free. When it comes to withdrawals, most withdrawals will be free as well, except in the case where there is a currency conversion involved. In this case, a retail exchange rate and a conversion charge will be applied, which is why we recommend joining a PayPal casino that accepts Canadian dollars.
In case you don't yet have a PayPal account, getting started is pretty easy. What you need is a valid email address and a credit card. Once you head to the PayPal website, you can choose between a PayPal personal account or a Business account. To play at a PayPal online casino, a personal account is enough. To sign up, you need to enter your country, full name, email address and create a PayPal password. Then, you need to link your PayPal account to a valid credit card, and update your credit card details whenever needed.
When you choose to deposit with a casino using PayPal, you will be redirected to the PayPal login page to enter your email address and password. This is all you need to provide in order for the transaction to take place. If you'd like to deposit and your PayPal account is linked to your credit card, you don't need to transfer any money to your PayPal balance to proceed with the deposit. Instead, PayPal will take the money from your credit card automatically, and transfer it to the casino immediately. However, if you've got money in your PayPal balance already, you can also choose to use this balance for casino deposits and other online purchases.
CanadaCasino tip: We recommend keeping a PayPal balance as a budgeting strategy so you could keep a certain degree of control over your bankroll. To avoid spending more than you can afford to, it's great to decide on a balance beforehand, have it in your PayPal account, and avoid resorting to using your credit card if it runs out before the end of the month!
The best way to find out whether an online casino accepts PayPal or not is by visiting the casino site itself. A lot of online casinos display their payment providers at the bottom of their homepage, or have a separate Payments page in their Help or FAQ section, which would list all the payment options. This is also where you'll find all the information about PayPal deposit and withdrawal limits (deposits typically start from as low as $10). CanadaCasino will keep updating its online casino Canada PayPal list as soon as we come across new PayPal casinos accepting Canadian players.
Because of PayPal's strict requirements on operators, not all online casinos support this payment method. This doesn't make these casinos inferior to those that do, which is why we still recommend considering other payment alternatives if you intend to play casino games with real money.
One of the most popular alternatives for Canadian players is iDebit, which is a payment method that's directly linked to your bank account. Just like PayPal, iDebit works as an intermediary between the online gambling site and your bank account, so you won't have to share any bank details with the casino. You can learn all about how an iDebit casino works here.
Another e-wallet that's popular worldwide is EcoPayz. It's simple and fast to create an EcoPayz account, and just like PayPal, EcoPazy can offer instantaneous transactions and a very high level of security.
A Bitcoin casino can also be a great alternative if you value security and anonymity. There are only few of these at the moment, but they do exist! Check out our Bitcoin gambling guide to find out more!
If you find PayPal easy and convenient like we do, then it's worth joining a PayPal casino to enjoy fast payouts and more peace of mind. Of course, nowadays there are plenty more alternatives, including e-wallets used specifically for online gambling. However, nobody can dispute the advantages that come with using PayPal, and we do hope to see more online casinos accepting this e-wallet in the near future.
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