PayPal Casinos — Find the Best PayPal Casino in Ontario
Are you looking for a reliable payment method that facilitates instant deposits and fast withdrawals at online casinos? If so, you should consider using PayPal.
This PayPal tutorial will give you all the information you need to use PayPal for deposits and withdrawals at our favourite online casinos for Ontario players. We’ll explain what PayPal is, discuss the pros and cons, and take you through the process of using PayPal at online casinos.
While many people associated this payment method with eBay purchases back in its early days, PayPal has become the most widely used and accepted eWallet on the planet.
In fact, PayPal was the biggest processor of online gambling payments in the late 1990s and early 2000s. However, the company decided to stop processing those types of transactions in 2003. The good news is that PayPal resumed processing online casino payments in 2010 and is again at the top of the heap.
PayPal is primarily a digital payment platform, although it does offer other services. Users can fund their PayPal accounts using a variety of options, including credit cards, debit cards, prepaid cards, online banking, and even other eWallets. They can then use those funds to pay for goods and services such as instant online casino deposits. One of the best things about using PayPal is that it provides account holders with access to some of the fastest withdrawal times. Users also like that the fees are very reasonable.
Before we continue, we should tell you that PayPal is very selective when it comes to offering its services to online casinos. In short, only the most trustworthy online casinos can offer it as a payment option. Furthermore, you need to be in the same jurisdiction as your online casino to use it. So, if you live in Canada, you won’t be allowed to use PayPal to deposit or withdraw at a UK site. You can only use it at sites that are based in Canada, such as our top-rated Ontario online casinos.
Using PayPal at online casinos comes with a variety of benefits. Perhaps the most important perk is that PayPal is as safe and secure as it gets, although that can be said of most modern digital payment systems. Still, being able to trust that all of your sensitive information is well protected is critical; so is knowing that PayPal has exceedingly strict standards regarding whom it offers its services. If an Ontario online casino accepts PayPal, it’s just another indication of the operator’s legitimacy.
Then we have the fact that PayPal is accepted at many Ontario gambling sites. Not only does this give PayPal users more great licensed betting sites to choose from, but it also means they can enjoy some of the fastest withdrawal times. Credit cards, debit cards, and online banking might be as convenient as PayPal for deposits, but they can’t compete with PayPal’s withdrawal times. This is especially true when you use one of our recommended fast withdrawal casinos in Ontario.
You can’t avoid fees. However, you can avoid high fees when you use PayPal. It’s one of the cheapest payment systems, provided that currency conversion doesn’t factor in, which it shouldn’t, seeing how PayPal supports the loonie. Finally, PayPal’s zero liability policy means you won’t have to pay for any purchases you don’t make.
As great as PayPal is, it does have a few drawbacks. Yes, you can use PayPal in over 180 countries, but that does not apply to using PayPal for online gambling. To use PayPal for online gambling, you must live in the same jurisdiction that the site is licensed in. That means you can’t use it to deposit and withdraw at offshore sites, even if those casinos are licensed and accept PayPal. Of course, this doesn’t pose a problem if you live in Ontario and play at an online casino.
Another drawback to using PayPal is the fees. Not just the PayPal fees but the ones that your bank or credit card company charges when they load your PayPal account or withdraw from it. Still, PayPal’s costs are considerably lower than many alternative payment methods. It’s also worth noting that the mandatory identity verification process is slightly more involved than it is at the best online casinos in Ontario.
PayPal Casinos Pros & Cons
- Safe and secure
- Instant deposits and fast withdrawals
- Only the most trusted online casinos can offer PayPal
- Competitive fees
- Accepted in over 180 countries
- Country restrictions for online gambling
- Tedious verification process
How to Open a PayPal Account?
As of 2022, over 432 million people across the globe use PayPal. There’s a pretty good chance that you already have a PayPal account, which means you already enjoy all of the benefits of PayPal. If you don’t have a PayPal account, it only takes a minute or so to get one. We will walk you through the steps right now.
Set Up Your PayPal Account
Start by going to PayPal’s website and hitting the blue “Sign Up” button to trigger the signup form at the top of the screen. Choose “Personal Account” when prompted to select the type of account you want. After smashing the “Next” icon, you’ll be asked to select your region and then thump the “Get Started” link. You will be asked to provide your mobile number, to which PayPal will send a one-time PIN. Once you have entered and submitted the PIN, you will then need to provide a few more details, such as:
- Email Address
- Date of Birth
- Full Residential Address
Your account will be activated and ready to use once you have completed the registration process. However, a few restrictions will be placed on your account, like transaction limits. To lift those restrictions, you need to verify your identity. It’s the same process as your legal online gambling site, but you might need to provide a bit more evidence, like a selfie.
Fund Your PayPal
You can fund your PayPal wallet using a variety of methods. But, before you do, you have to link your card or bank account to PayPal. Then, you just have to click on your preferred option and provide the relevant details. You can then hit the “Add Money” link to fund your wallet using the selected payment method. You may be redirected to your payment provider. Don’t worry because you will be given precise instructions every step of the way.
Make sure to check your PayPal balance after you’ve funded it because the money should be available immediately. In addition, PayPal provides round-the-clock support if you run into any problems.
Make sure you verify your account as soon as possible to avoid any inconveniences. It’s generally the same process you must go through at your online casino in Ontario. First, you’ll have to upload a scanned copy of a valid government-issued ID such as your driver’s licence or passport. You’ll then need to upload a copy of a bill that bears your name and address. Something like a mobile bill or electric bill should suffice.
Completing the verification process will give you full access to PayPal’s features and significantly increase your transaction limits. It might be a bit of an inconvenience, but PayPal is required by law and the terms of their licence to get this information from you.
Now that you have registered and funded your PayPal account, it’s time to use this convenient payment system to deposit funds into your favourite Ontario casino. This process takes mere seconds, and it is incredibly easy to do. Start by logging in at your PayPal casino and then make your way to the cashier, where you select the “Deposit” link to open the deposit slip. From there, the precise steps may vary slightly, but the general flow is as follows:
- Select “PayPal” from the list of available payment options.
- Enter the amount you’d like to deposit.
- Submit the deposit form.
- Complete the transaction by following the instructions on the screen.
Your funds will be waiting for you as soon as you complete the deposit. That means you can start playing real-money online casino games right away.
One of our experts came across a casino guide that claimed PayPal could not be used for withdrawals. This is inaccurate. Ontario online casinos that support PayPal deposits also support PayPal withdrawals. So cashing out your winnings using PayPal is just as easy as depositing. The only difference is that withdrawals take a bit longer to process than deposits. This is because withdrawals involve manual processing as opposed to deposits which are processed electronically.
To make a withdrawal using PayPal at your Ontario betting site, start by visiting the site’s cashier and choose the “Withdraw” option. You can then follow these steps:
- Select “PayPal” from the list of available withdrawal options.
- Enter the amount you want to withdraw.
- Submit the withdrawal request.
- Follow the on-screen prompts to complete the withdrawal.
Next, you’ll want to know how long it will take to obtain your money. If you withdraw from one of our top fast-payout casinos, you can expect the operator to process your withdrawal within 24 hours. In some cases, the casino will process the withdrawal within an hour or less.
Once the Ontario casino approves the withdrawal, the funds will arrive in your PayPal eWallet quickly. You can then use those funds to make more casino deposits. Conversely, you can withdraw those funds to your bank account or make purchases in nearly 200 countries.
You have now read about the benefits of using PayPal at online casinos and betting sites in Ontario. However, we’ve also pointed out a few downsides. So, how does PayPal stack up against some of the other popular payment options? Let’s make a few brief comparisons.
PayPal vs. Credit Cards
PayPal and credit cards are both fast and convenient deposit options. Credit cards’ most considerable edge in this regard is that they are accepted at a few more Ontario online betting sites than PayPal. Also, a credit card lets the user deposit more money than they actually have.
With PayPal, you can only spend as much as you have in your account. Of course, using credit to fund a gambling account can result in some staggering extra fees, such as cash advance fees and interest on your unpaid balance. These extra charges simply don’t apply to PayPal deposits.
The most significant advantage that PayPal has over credit cards relates to withdrawals. If you use PayPal at a fast payout site, you should have your winnings within 1 to 2 days. Even if you use a fast withdrawal site to withdraw using a credit card, it usually takes 3 to 5 days for the money to reach you.
PayPal vs. Apple Pay
Apple Pay is becoming more popular by the day. However, PayPal is still more widely accepted on Ontario online gambling sites. PayPal and Apple Pay are on equal footing when it comes to instant deposits. The biggest difference lies in the fact that Apple Pay does not support withdrawals. If you use Apple Pay for deposits, then you must find an alternative payment solution for withdrawals which is a hassle. As you know, PayPal facilitates deposits and withdrawals, making it the only payment method you need.
Conclusion: Do We Recommend PayPal for Casino Payments?
Now that you have read this PayPal review, you should be aware of all the benefits that come with using PayPal. This payment system is very secure and easy to use. It is widely accepted at online casinos with an Ontario licence, meaning PayPal users have access to more highly rated sites.
The biggest benefit of using PayPal for online gambling is that it offers much faster withdrawal times than other methods. PayPal withdrawals are faster than those made using credit cards, debit cards, online banking, wire transfers, and eChecks. For these reasons and others that we have covered, we recommend using PayPal for your banking at Ontario online casinos.
A PayPal casino is simply an online casino that accepts PayPal for deposits and withdrawals.
Some of the key benefits of using PayPal are that PayPal can be used for instant deposits and the fastest withdrawals. PayPal is highly secure, widely accepted, and cheap to use. PayPal also supports the Canadian dollar, and it’s used in about 200 countries.
There are a couple of minor drawbacks to using PayPal. The biggest one is that it isn’t accepted at all licensed Ontario casinos.
Your bank or card provider may charge fees when you fund your PayPal account. You will also be charged a small fee when you transfer cash from your PayPal account to your card or bank account.
To transfer money from your PayPal wallet to your bank or card, simply log in to PayPal, go to the cashier, and select the “Withdraw” option. You’ll be able to withdraw to your card or bank account. You can then enter the withdrawal amount and submit the request.
Most Ontario online casinos accept PayPal, which is one reason why it is so popular. Check out our reviews of Ontario PayPal casinos to find the right site for you.
More Casino Banking Options
Anthony Odiase is a freelance content writer. He specializes in writing reviews and articles for iGaming and online gambling sites, providing gambling tips to novices and professional gamblers in Ontario, Canada and across several countries. With vast knowledge about the Canadian gaming sector and seeing the growth of online gaming products and services, he has published several high-quality reviews.