A Paypal casino is a online gambling site that lets you deposit and play through Paypal. Those who play at online casinos know what it’s like to process payments. Money comes in instantly but takes days to come out.
The financial service you use has a lot to do with this. The closer you get to your bank account, the more verifications are needed.
That’s why many players choose to use e-wallets. Your money is less fluid, but the winnings come much faster.
In today’s online casinos, there are hundreds of different payment methods players can use to handle transactions. Paypal is one of those options and more efficient than most e-wallets.
You can find many online casinos that accept Paypal nowadays. It’s becoming popular due to high-speed processing and robust security.
The casinos that accept Paypal will have other standard options, but not all casinos offer Paypal. If you find a site that has a thousand payment methods and Paypal is one of them, go for it. It’s better to pay a little extra and save all the headaches later on.
This article will show you the best Paypal casinos Canada offers and how to use the service for your entertainment needs.
Best Paypal Casino Canada 2021
There are hundreds of online casinos that accept Paypal. Discovering one isn’t hard, but finding the one that’s good for your bankroll can be challenging. Lucky for you, we have a list of the best Paypal casino Canada you can play today.
How Casinos That Accept Paypal Work
A Paypal casino operates in the same way as any other. It also has all the standard payment methods, except there’s now one you can use.
That said, to play at one of these casinos, you’re going to need to create an account like everybody else.
The process will be the same until you get to banking information. This is where you link your Paypal account with the casino.
Real money casinos that accept Paypal don’t always care about the region of players, but Paypal does.
Before you begin the linking process, make sure the casino is legal to play under Canadian gambling regulations. This is a good rule of thumb when choosing a casino in general.
To start playing at a Paypal casino in Canada, you’ll need to make a deposit. If there’s no money in your Paypal account for some reason, it’s time to change that. Here’s how you do it.
- Step 1: First, create a new Paypal account. If you want to use your main account, that’s fine, but it’s better to separate your gambling bankroll for your day to day expenses.
- Step 2: Fill in your personal information as requested, including banking details. Here, you may want to use a debit card with spending limits if you might get carried away. Make sure to create a personal account. Business accounts are not permitted for gambling uses.
- Step 3: Transfer money into your account. Take only an amount you can afford to spend. This will be your bankroll.
Still having trouble creating a account? You can watch the video below for a more detailed explanation on how to set up a Paypal account:
Once that’s set up, head to the casino and open an account. Under the payment option, select Paypal. A window will pop up, asking for the desired amount. Enter the amount of money you want and click accept.
Depending on the casino, deposits should take between one and twenty-four hours to process.
It usually shows up instantly on your balance so that players can claim bonuses and move on to their games. We advise waiting until Paypal has confirmed the transfer before you start playing.
Withdrawing your winnings follows the same process. When you’re ready to cash out, go to the payment page. Click on withdraw, and you’ll see that window again asking for an amount. Enter whatever you want, and click accept.
Most casinos will only allow withdrawals to the platform from which you deposited. So, in this case, if you deposited via Paypal, that’s where the funds will go.
If you have more than one payment method installed and deposited by the same amount, you can choose the platform.
This is not guaranteed as every casino is different. In most cases, the amount being withdrawn will go to the platform that had matching deposits.
For example, if you deposited $1,000 via Paypal and $500 somewhere else. When you’re trying to withdraw $1,500, it will go to Paypal.
Again, this may differ across gambling sites, so be sure to check the terms and conditions.
Advantages of Online Casinos that Accept Paypal
Paypal wasn’t always an option for online gambling. When the company was established in 1998, it had the vision of making payments easier for everyone.
As the pioneer in the online payment system, Paypal didn’t believe in enabling casino players. Its competitors, however, had other plans.
When other e-wallets, namely Skrill and Neteller, began to indulge in online casinos, things started to head in a different direction.
To protect its market share, Paypal decided to make adjustments to the company philosophy. The profit was undeniable, so the restrictions on gambling were lifted.
Paypal started to allow users to make casino transactions like payments, but only if their countries allowed it. That rule hasn’t changed.
There are many advantages when playing at casinos that accept Paypal. For one, you get to skip all the annoying verifications the bank requires.
The most prominent motive for using a Paypal casino is security. There are three layers of protection that ensure you’d never lose a dime on any transaction. They include buyer’s protection and data encryption.
Another reason players prefer using Paypal is how fast it works. Every transaction is seamless, and when there’s a problem, you’ll get notified right away.
It’s quicker than using a traditional bank without having to deal with the tellers.
Transaction Fees and Withdrawal Time
Good things in life often come with a cost, and Paypal charges considerably more than its competitors.
A business account has to pay at least 5% per transaction, but personal accounts you have to use for gambling are less costly.
Sending money to family and friends using a personal account is usually free. If you’re sending money as a personal payment, there’s a fee to pay.
When you transfer from Paypal to the bank, there may also be additional costs, depending on where you keep your cash.
When you’re using Paypal internationally, things get a bit complicated. If you’re dealing with more than one currency, conversion charges may apply.
As currencies fluctuate, the money you make and what you withdraw could be two different amounts.
The problem is, Paypal uses the lowest default exchange rate as a reference, so you always get the smaller piece of the pie.
With that said, when we put online casinos into the equation, things get even more rocket science. A Paypal casino in Canada uses CAD as the main currency, but it will also offer others.
Make sure to choose the currency you’re using in Paypal as the main currency for your casino.
It’s possible to play with one and withdraw as another, but for the sake of your sanity and wallet, don’t. Keep it simple and play with either CAD or USD.
Casinos that accept Paypal don’t typically charge transaction fees. They won’t, however, cover whatever fees you might incur with Paypal. Casino winnings are considered income, so there will be a cost.
One of the best things about Paypal is its speed. If everything checks out, you should expect to get your money instantly. Other e-wallets may take up to twenty-four hours; smaller ones can take longer.
That doesn’t reflect how fast the casino processes the transaction. Usually, if it’s your first withdrawal, there’s a pending period where they keep the money on hold for verifications.
That could take somewhere between one and three days. After that, your next withdrawals should be smooth-sailing.
Online Casino Paypal Bonus
It’s a must for a Paypal casino in Canada to give some kind of casino sign up bonus. When players deposit with Paypal, they can claim a promo code that gives anywhere from 100% to 500% of that amount.
For most casinos, it’s a one-time thing, but there are some that give several times.
This casino has been around forever and is one of the most popular sites among Canadian players.
It’s got a 100% deposit bonus and a host of other rewards. There’s an epic collection of slots and live tables that will have your favourite casino game.
Bonus amount: Up to $1600 bonus
If you’re a slot lover, you’ll want to stay here forever. This Paypal casino Canada has all kinds of spinners, from classics to in-house. There are also live games and enormous jackpots.
Bonus amount: 100% match bonus up to $1000
888 Casino is famous not only in Canada but pretty much the entire world.
Even non-gamblers have heard of this casino, so no introduction is needed. The quality is top-tier in all aspects, including slots, bonuses, and live games.
Bonus amount: Up to $1700 bonus.
🎲 What is the best Paypal casino in Canada?
A casino is ranked based on customer satisfaction on three aspects: gameplay, bonus, and customer service. You have to excel in all three to be considered one of the best. If your games are on fire, but the bonuses are cheap, forget about it.
The casinos that accept Paypal mentioned above are some of the highest-rated platforms among Canadian players. When in doubt, they should be your benchmark for excellence.
🔒 Is an online Paypal casino safe and reliable?
Yes. Any transaction using Paypal is highly secure, casino, or not. There are many layers of protection to ensure the safety of your money. If a transaction is deemed suspicious for any reason, Paypal will freeze it entirely until you’ve made verifications.
Another thing when receiving money with Paypal is every bit of information needs to be correct. If there’s even a slight discrepancy between the two ends of the transaction, it will certainly fail. With that in mind, your first withdrawal from an online casino to Paypal will take a relatively long time.
💸 Are there any transaction fees for online Paypal casinos?
Online casinos that accept Paypal don’t normally charge a fee. When making a personal payment, especially to a contractor, there will be a cost. Depositing into an online casino can be considered a payment. That isn’t a fixed element and can change depending on the country you live in.
💳 Which casinos that accept Paypal give bonuses?
All Paypal casinos operate the same way as the rest. The only difference is they offer one of the fastest payment methods. As far as bonuses go, casinos with Paypal tend to give more rewards.
Casinos seldom give bonuses for using a specific payment service. Most of the time, they have to pay for these services the same way you do. It wouldn’t make sense to bring Paypal free customers while paying them for it.
Some casinos even exclude certain e-wallet users from getting a welcome bonus. So, we’re pretty lucky casino operators don’t do that to Paypal users.
💰 Do all online casinos use Papal deposits?
No, but it sure is getting more popular every day. As mentioned earlier, all online casinos that accept Paypal will offer standard options. Not every standard, or even leading casinos, will have Paypal as a payment method.
To check if a casino has Paypal as an option, go to the payment page. Most of the time, you’ll see the Paypal logo there. That means you’re good to go.
If the logo isn’t there, it doesn’t mean the casino won’t allow Paypal. Often, this is because Paypal isn’t one of the main options. Speak with a representative to find out what payment methods they have to offer.
👮♂️ Are online casinos that accept Paypal legit?
As legit as online casinos can get. You’re always going to find a bad apple in an orchard as big as the gambling industry. The concern isn’t with Paypal, but the casinos. Some operators are a bit shadier than the rest and don’t handle problems well.
The good news is, Paypal has a terminal pet peeve for poor logistics. No matter how bad the casino handles your money, you’ll get it instantly once it reaches Paypal.
If you’re looking for a safe and reliable Paypal casino Canada, refer to our list above.
🤑 Can I withdraw from a Paypal casino online?
Yes. If a casino doesn’t let you withdraw, run away from it. Paypal casinos offer a standard withdrawal process. On your first, there will most likely be a pending period. It’s where the casino verifies things like your identity, banking information, and wagering requirements.
Players often have to wait between one and three days for the money to clear. Once that’s done, Paypal will go through its verification process.
How long you have to wait depends heavily on the country you’re in. Some countries don’t allow banks to process any gambling transactions. Innovative players around the globe have successfully circumvented this but eventually got caught. The bank you link to Paypal has to allow gambling for you to transfer winnings back.