Introduction
PayPal is one of the world’s most popular eWallets, available across Canadian online casinos. It is a digital wallet that has received global fame since it was among the first that appeared on the market when the world needed alternative payment solutions. As such, its history is long and exciting, with many ups and downs, but eventually, this is the solution that is still on top of the list of the most convenient methods to use, especially for online gambling transactions. Why use PayPal across Canadian online casinos for deposits and withdrawals?
Top PayPal Casinos
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About PayPal
As introduced, PayPal is one of the first eWallets that have appeared in the world. It was launched in California, the US, way back in 1999, so it has been operating for over two decades. It is a globally-recognized and well-trusted eWallets that is used by over 300 million people every day for all kinds of payments and purchases. Thanks to its renowned platform, users can fund their wallets and cash out funds from it using both traditional methods like bank transfer and credit cards or alternatives like cryptocurrencies, without ever having to share banking information with the merchant or in our case, the online casino operator.
As a global leader in alternative online money processing, PayPal is accepted in more than 200 countries and territories and accepts over 25 currencies and even cryptocurrencies. Along the line, it has received over two dozen of awards for excellence from the internet, financial and business industry. Thanks to its simplicity, encrypted transactions, pretty low fee policy and high-end security measures, it is the top choice for many online casino players.
Speaking of, considering the solution is a responsible one, PayPal keeps track of the ever-changing laws and rules for online gambling transactions, to always stay on top. As such, it becomes available in new markets but exists swiftly from markets where its services are no longer welcome or legal, like in Germany when its government ordered it to stop online casino payments. Or like in the UK, when the UKGC rolled out its promise to ban credit cards to fund online gambling, and PayPal had to forbid UK players from funding their accounts with credit cards.
But since it is perfectly legal in Canada to use eWallets, and credit cards for that matter, for online gambling purposes, the solution is fully embraced by Canadian players and available across many online casino sites. You’ll find it next to other global brands like VISA and MasterCard, therefore, finding a proper casino to join which accepts it would be incredibly effortless. So, if interested in using it, continue reading the next segment, as we’ll explain how to get started with it.
Getting Started with the Solution
If you’ve ever used an eWallet, you know how the getting started procedure with PayPal would go. Nevertheless, we’ll take you through the exact steps, so that there is no confusion.
First, you’d need to visit its Canadian website and locate the Sign Up for Free button, at the centre of the homepage. Then, you’d need to choose Canada as your country and provide your active phone number. Next, enter your email address and create a strong password. A confirmation message will arrive both on your email and phone number.
The next step would be funding your account with money. You can securely connect all your credit cards/bank accounts to it, and with that, you’ll be able to start using your account. That is after you’ve provided the needed ID documents to verify your identity. This is mandatory, due to tax reporting and regulatory reasons. After you go through the verification process, you can start making safe deposits and withdrawals with your eWallet, knowing that your banking/card details will never be shared with the operator.
At this point, you should know that PayPal has rolled out many other products you could use across Canadian online casinos, such as the One Touch feature, which upon first deposit, allows you to make the next deposits without entering your credentials but keeps you logged in, while still allowing for secure and encrypted transactions.
Another useful product launched in association with MasterCard is the line of cards you could apply for and use wherever MasterCard cards are accepted. And then, we should mention its own line of credit, Smart Connect, available wherever the solution is accepted, which allows you to make monthly payments on purchases so you can shop/use the money now and pay later.
And finally, we should mention its historical move, the time when it started approving Bitcoin transactions, which happened in late 2020, the beginning of 2021. Thanks to that option, you can now also buy and sell Bitcoin through your eWallet account.
Depositing and Withdrawing
We’ve established that PayPal is one of the most popular eWallets across both international and Canadian casinos. So, you could find it across thousands of sites, sites that cater to Canadian players. If interested in options reviewed and ready for you to explore, check out the ones listed on our site, like Lucky Clover Spins, Casino.com, PriveWin Casino, BetRivers and FanDuel. Decide on the one that you’d like to join, and register an account with it.
To make your deposit with PayPal, go through these steps:
- Go to your chosen casino’s Deposits/Cashier page.
- Find PayPal’s logo and press it.
- In the new window, enter your credentials and specify how much you’d want to deposit.
- Activate One Touch so that you could make your next deposit without logging into your eWallet account.
- Complete the mandatory authentication process and confirm the transaction.
- The funds will arrive in your casino balance in an instant.
Withdrawals with the eWallet are as simple and fast. As soon as you go through the same procedure as just described, but specify how much you’d want to cash out in step 3, you’d have requested a withdrawal. The casino will review it, and check whether you have any unmet requirements, and the moment it approves it, the money will get to your eWallet account immediately. That’s right, even cashouts are instant with this solution, as soon as approved by the operator.
Applicable Fees
PayPal, as mentioned, is one of the most practical and cost-efficient eWallets to use, but it does not offer its services for free exactly. Sure, some services are for free, like depositing funds when no conversion is needed, signing up for a new account, holding crypto, and sending personal transactions from your bank account, eWallet or AmEx Send account.
But for selling or buying cryptocurrencies, a fee from 1 to 2.3% applies, and for using a card 2.9% plus the fixed fee is charged. For receiving money to your eWallet, a 2.7 to 3.5% fee applies, for commercial transactions a fixed $0.30 fee and a 1.9 to 2.9% fee apply, too. You can check out any other fees involved by visiting its official website and going to the Fees tab.
Accepted Currencies
All of the world’s currencies, meaning the currencies of countries where the eWallet is accepted, are eligible currencies to use. By default, so is the Canadian dollar.
Currency conversion fees apply when using a currency different than the Canadian dollar for your transactions. You can check out the fees involved for each foreign currency in the Fees tab on its official website. You should know that over 25 currencies can be the default, and over 100 currencies can be used for a conversion fee.
Coverage
We said that PayPal is offered across over 200 countries and territories across the globe, Canada included. However, remember that not all of its services are offered all over the world, so check its website to discover which ones are available to Canadian users.
There are also lists of countries that can send, receive money, or both. Canada, luckily for you, is the country whose users can both send and receive funds via the eWallet.
Customer Support
When you visit the Contact page on the Canadian website, you’ll see that there are plenty of ways to get in touch with PayPal’s Support team. You can give them a call at 1 877 569-1116 from Monday through Sunday, from 6:00 am to 6:00 pm.
Then, you have the Search bar where you could type in your problem or question and have the answers generated for you as soon as you press Enter. Then, you have the FAQs section with the most commonly asked questions answered for you, and you have the Message Us option, to talk to the representatives via an on-site contact form.
Of course, you could also contact your chosen casino’s agents, as they are usually available 24/7 via phone, email, Live Chat and on-site contact from, or at least two of these. Get in touch with them about anything, especially about insecurities regarding deposits and withdrawals. They are trained in assisting you with anything.
Conclusion
PayPal is an excellent solution to use as a Canadian online casino player. It is available in your country, you can both send and receive funds via your eWallet account, for reasonable fees. You can find it across most if not all, decent Canadian casinos. You can make both deposits and withdrawals with it, and for any issue, you can contact its dedicated Canadian Customer Support team. What else could one need? So, give it a try as soon as you get, as creating an account with it is free.
FAQs
Is its official website available in many different languages?
Yes. In fact, if you visit its dedicated Canadian website, you’ll see that the solution has made sure you get to explore the site in English and also French, for your convenience.
Which cards can be used for funding the PayPal account?
You have the world’s most popular card brands VISA, American Express, MasterCard, Discover and UnionPay at your disposal.
What if I wanted to use Canadian dollars but also other currencies?
Luckily for you, you can hold multiple currencies on your eWallet account, any of the 25 supported, convert your balance from one to another and make or accept payments with them, as it pleases you.
Is PayPal accepted for withdrawals by default if offered for deposits?
No, not necessarily. In fact, not all casinos that accept it for deposits also accept it for withdrawals. You’d have to double-check to see whether it is a withdrawal option, preferably even before you join the casino, in case you wish to make both deposits and withdrawals with it.
Can I cancel the deposit if I wanted?
It is possible if the transaction is “pending”. You’d need to check the transaction’s status on your eWallet account. But, if it is already on the “review list”, you cannot cancel it.
