The iGaming sector has been growing in leaps and bounds in the past couple of years, thanks to the evolving internet and invention of more facilities. Online casinos have now made gaming more exciting and highly available to players all over the globe. Gone are the days when you had to queue at a brick and motor casino in order to try out your favourite slot. As the industry grows, the need for more payment methods arise. PaPpal is one of the world’s top payment methods and has been gaining traction in online casinos as well. Quite a number of online casinos now accept PayPal as a payment option.
You can now deposit funds or even withdraw your winnings from any casino that accepts payments via PayPal. There are basically quite a number of advantages associated with PayPal. Firstly, it is an eWallet and this makes transactions pretty fast compared to other payment methods. PayPal is also relatively safe as well. You simply do not have to use your credit cards online at casinos if you are paranoid about it. PayPal also ensures that you get lower fees for your deposits and any associated transactions. Indeed, PayPal seems to be the ultimate solution to online payments for Canadian iGamers.
Getting Started With PayPal
You perhaps have signed up at a casino that accepts PayPal. You can, of course, use your own PayPal account or sign up for a new account. Signing up for an account is pretty easy and does not require a lot of documentation. On PayPal’s homepage, you can click on the Sign-Up widget and follow the steps given. Once done, PayPal may need to verify your details. Once in a while, they also may need to verify your identity by uploading a “proof of identity” or even a “proof of residence”. PayPal gives you high transaction limits after verification is completed.
Quite a number of Canadian casinos accept PayPal for quite a number of reasons. PayPal as a payment method is very convenient since you can link it up with your bank account or even credit card. You may need to note that the casino doesn’t get access to either your bank accounts or even credit cards. What PayPal essentially does is act as an additional security layer between your bank and the casino. Further to this, PayPal maintains high-security standards and thus has been able to keep malicious individuals away from your financial information. For instance, your browser cookies are fundamental in letting transactions go through with PayPal.
FAQs When Using PayPal at Canadian Casinos
New PayPal users may have a lot of questions regarding do’s and don’ts. Firstly, with PayPal, your deposits are instant and you might not have to wait for long hours before the funds hit your account. Indeed, PayPal is among the very first payment methods to provide instant deposits and withdrawals to iGamers. This makes sure that you can start playing at the casino as soon as you are done with the deposit. Another question would be whether many casinos accept PayPal. PayPal is working hard to improve its working relations with casinos so as to bring more on board.
PayPal is a highly preferred method by many established casinos. One of the most notable reasons why you should consider PayPal as a payment method at your casino is the solid reputation that the company has built since 1997. Notably, PayPal does not charge any fees on both your deposits and withdrawals at any casino. One thing you might need to look into is withdrawal and deposit limits especially if your PayPal account is relatively new. As your account ages and gains a good reputation, you can be sure of higher limits of up to a whopping $10k per single transaction.