The Advantages of Using PayPal for Online Gambling

If you are from Canada and you enjoy making stakes online, you might consider PayPal as your preferred payment system.

In this article, we will analyze the advantages of this payment method for the gambling sphere. And if you are looking for a generous and trustworthy platform with a vast choice of games, visit https://best-slotmachine.com/casino-reviews/. On this site, you will find informative casino reviews that will help you to make a reasonable choice.

How to Top Up One’s Gambling Account

To transfer money to your gambling account, follow this algorithm:

  1. Register in an online casino and log in to your account.
  2. Indicate the desired payment option.
  3. Insert the necessary sum of money and receive the instructions.
  4. Confirm the transaction in your PayPal account.

The sum that you send to your balance should fit the minimum and maximum limits that the platform offers for this payment method. The funds should lend on your casino balance immediately.

How to Process Withdrawals of the Winnings

To withdraw the winnings, you should repeat the process described in the previous passage in the opposite direction:

  1. Log in to your casino account and proceed to the Cashier section.
  2. Request a withdrawal through the desired payment system.
  3. Indicate the sum.
  4. Confirm the transaction.
  5. Receive funds.

The duration of the withdrawal depends on the gambling site. Its administration needs some time to process your request. It is quite possible to receive cash on the same day.

The sum of your withdrawal should fit into the maximum limit for this payment option. Normally, it is less than $10,000. If you hit the jackpot, ask the customers’ support for advice on how to withdraw it. Most likely, you will need to split the sum into several transactions.

The Primary Advantages of PayPal Deposits

If compared to other methods and services, PayPal is remarkably quick, safe and easy. This system can boast of the following advantages:

  • Its design is sleek and its interface is intuitive. Even if you are a complete newbie, it will take you just a couple of minutes to figure out how it functions.
  • It employs the security technologies of the latest generation.
  • Its friendly and competent customers support promptly answers any questions.

As for the disadvantages, they hardly exist.

Many gambling platforms offer their users reload bonuses connected with PayPal. A small monetary prize will be credited to you if you top up your balance through this payment system on a certain day and with a certain sum. You can not withdraw this gift immediately and can use it only for making stakes. Before accepting the bonus, make sure you agree with its validity period, wagering coefficient and other requirements. Pay special attention to the withdrawal limit: if you hit a big win when using this gift, you will be allowed to cashout only that part of it that fits the limit. Most likely, you will be required to cashout the prize only to PayPal.

Top Gambling Platforms that Accept PayPal

Here is a list of credible and licensed projects that accept PayPal and are available in Canada:

  • 888 Casino;
  • Betiton;
  • Captain Spins;
  • Casino Planet;
  • Chilli Spins;
  • Hyper;
  • Jackpot City;
  • Jonny Jackpot;
  • Ruby Fortune;
  • Spin Palace.

All of them are 100% legit, so you can safely entrust your savings and confidential information to them. The projects were listed in alphabetical order, so please do not consider it as a rating. On the Internet, you can find many other worthy gambling sites that are legal in your area.

online gambling - payment systems

Alternative Payment Systems Available in Canada

The exact list of payment alternatives depends on the platform. Normally, you can expect a gambling site to be compatible with the following types of payment systems:

  • bank cards and transfers;
  • prepaid vouchers;
  • web wallets;
  • crypto wallets;
  • mobile operator accounts.

If compared to bank cards and transfers, PayPal is quicker and offers lower minimum withdrawal limits. The conditions of the other e-payment systems might be similar to those of PayPal, so you should carefully compare them before transferring funds. As for crypto wallets, they might offer higher maximum withdrawal limits or have no such limits at all. But the process of buying and selling cryptocurrency is much more complicated than carrying out operations with your casual national currency in PayPal. By the way, this payment system is starting to embrace cryptocurrency too, so maybe one day it will turn into a popular alternative to the conventional Bitcoin wallets.

The fees that PayPal takes for carrying out financial transactions depend on your location and type of account. If you compare them to the commission of other payment systems, they are rather reasonable. Make sure to check whether the gambling platform charges a fee for financial transactions too. Many platforms today avoid doing so, but some use this opportunity to receive extra income. You can read about it in the Terms and Conditions section or ask the customers’ support through the live chat.

Mobile Transactions

You can use PayPal for mobile gambling just as effortlessly as for the desktop. This should not affect the speed of your transactions, the fees, and other meaningful aspects. From the security point of view, using this system on mobile is absolutely safe.

Blacklist of Unreliable Casinos

In addition to the list of trustworthy projects that were mentioned above, there is an opposite list of the ones that you should avoid. It changes frequently, so you should check it right before you start gambling. A brand might be added to the blacklist for the following reasons:

  • it lacks a license;
  • it does not pay the winnings timely, honestly, and in full;
  • in its advertising, it provides wrong information about software providers, bonuses, tournaments, and other aspects;
  • there is a risk of leakage of the clients’ confidential information because the security standards are not high enough;
  • the site failed to pass an independent audit because the algorithms of its games were hacked or fine-tuned, making it more difficult or impossible to win;
  • the project has been involved in scams and scandals before.

It might happen so that some people gamble at blacklisted platforms and face no problems. But if you decide to create an account there, you will be doing so at your own risk. Maybe it would be wiser to sign up for a reliable platform because the gambling process alone will provide you with enough adrenaline.

Which Forms of Gambling Are Not Compatible with PayPal?

This system does not support only one form of gambling: illegal. You can not resort to it in countries, regions, and provinces where gambling goes against the law. You can not rely on PayPal if you try to gamble from the U.S. Before traveling abroad, get to know whether your preferred payment option is available in the country of your destination.

Final Thoughts

PayPal is an exceptionally safe payment system with an impeccable reputation. The Canadians can legally use it for gambling both in desktop and mobile formats. You can add several bank cards to the system and use them for deposit top-ups and withdrawals without disclosing their number or other sensitive information. This is quick, convenient, and enables you to avoid intermediary fees.

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan