Paypal is the most trusted name in online payment processing. With nearly two decades as the industry’s majority leader in security and reliability, more and more Canucks are turning to Paypal casinos in Canada to play real money games.
Established in December of 1998, Paypal not only pioneered the business of processing secure payments over the world wide web, it’s been the benchmark for industry followers ever since. In fact, only a few other eWallets – namely Neteller and Skrill – have actually survived since the turn of the century, mostly because Paypal is so hard to compete with.
The success of its rivals has relied mostly on the fact that they are highly accepted at internet gambling sites. Paypal, on the other hand, is only available at a handful of operators, in specific countries. Fortunately, depositing with Paypal casinos in Canada is still a viable option.
Benefits of Paypal Casinos – Ultimate Security
I’ve personally held a Paypal account for nearly as many years as the company has been in operation. Like so many other users who put their ultimate trust in this brand, the most obvious benefit is security.
After 17 years as a loyal member, I’ve only experienced a problem on one occasion, and I have to admit, it was my own fault.
I used my Paypal Debit MasterCard to purchase an item from an insecure website. I knew better when I did it – the ever-important https:// was not present – but it was for a nephew’s Christmas present. Unfortunately, the holiday season clouded my judgment, and shortly thereafter, my credit card details were stolen and used to purchase scuba gear.
Paypal immediately knew something was wrong when over $300 worth of unlikely items were charged to my card. Their security systems are so strong that they detected the incongruency within just a few hours. Not only have I never purchased any aquatic-related gear, I live far inland and don’t travel to the ocean very often.
Paypal took the initiative to suspend my card, send me an email, and called me right up on the phone to explain the problem. After a few minutes, everything was resolved. They reversed the charges and put that money right back into my account with no hassle, and no charge. They even called my bank and convinced them not to charge me an overdraft fee, as the duplicitous payment had overdrawn from my savings account. Now that’s service!
Fast Deposits & Withdrawals
Paypal casinos give Canadians the fastest possible means of depositing and withdrawing their money. All deposits are instantly delivered, free of charge, to real money casinos. The moment a deposit is confirmed by a player, the funds appear in their gaming account.
Withdrawals may not be as instantaneous as deposits, but they are incomparably fast. Players only have to wait as long as it takes the casino operator to process the cashout. That’s generally 24 to 48 hours. Once it’s processed, the money appears immediately in the user’s Paypal account.
That money can be spent right away to make other online purchases, or – for those who have a Paypal debit card – can be instantly withdrawn at any ATM machine that displays the MasterCard logo. Alternatively, the funds can be withdrawn to the player’s bank account, which can take 3-5 business days.
Note that there is a fee of 2.9% – 3.9% collected on all payments received. If the payment originates within Canada, the fee is 2.9%. Payments from international casinos will incur a 3.9% fee.
Depositing at Paypal Casinos in Canada
I’ve had a lot of experience here, too, and am happy to report that Paypal casinos are among the most secure in the world. You see, Paypal won’t do business with any eCommerce operator unless it has an unquestionable track record. So when you find an online casino that accepts Paypal, you know you’re in good hands.
As of right now, there are about 150 real money casinos that accept Paypal and Canadian players, including major names like 888, Bet365, Paddy Power and William Hill.
Depositing at Paypal casinos in Canada is incredibly easy. All you need to do is set up a Paypal account and link it to your checking or savings account. From there, all purchases will automatically be withdrawn from the corresponding bank account. Alternatively, you can fund your Paypal account with any major credit or debit card.
To make a deposit, visit the online casino’s banking section, choose Paypal as your preferred method of payment, and enter the amount you wish to deposit. You will then be redirected to Paypal’s secure website to log in, review and confirm the purchase. Thus no sensitive financial information is ever shared with the casino operator.
