Best Paypal Casinos and alternatives in 2020
PayPal has been around for such a long time that everyone worldwide knows about it. However, not everyone can use it. Canadians will not find online casinos that accept PayPal deposits, but there are plenty of great alternatives for them to choose from. Below, we discuss the PayPal gambling policy and the options gamers in Canada have for a safe and satisfactory gambling session.
What is PayPal
PayPal is an American company that operates an online payment system available worldwide in multiple languages. It processes payments for a variety of online vendors in exchange for a fee. It comes with various benefits such as password memory and one-click transactions. It has been on the market for over 20 years, and it has over 325 million account holders all around the world. PayPal is not the only product created by this company – Braintree, Xoom, and the already famous Venmo are also available to consumers in more than 200 markets.
PayPal and the other services owned by this massive company allow their users to receive money in over 100 currencies and withdraw money in 56 currencies. Their balances can be kept in 25 currencies, catering to a wide variety of users.
The services can be used on mobile devices, desktop devices, or even in person for contactless payments. There are even three separate PayPal mobile apps for businesses, regular customers, and mobile payments via Apple Pay and Google Pay.
PayPal Canada fees
While some payment methods do not charge customers any fees, charging the merchants instead, PayPal does charge some fees, as shown in the table above. However, it is gaining more and more users thanks to its features and availability on different websites and markets.
Withdrawing money from PayPal
Apart from sending money from one account to another and paying for products and services, PayPal may also be used to send money from one’s balance back to their bank account. Here are the limits for Instant Withdrawal that apply to personal accounts:
All transfers will be checked for issues, and if any arise, the transfer may be delayed or even stopped. Also, payments made after 7:00 PM ET, on weekends or holidays, will take longer than usual. Instant Transfers take around 30 minutes, but this timeframe may vary depending on the bank the user works with.
Why Canadian gamers cannot play at a PayPal casino
PayPal is an American company, so its focus is on the American market. In 2006, when the Unlawful Internet Gambling Enforcement Act came into effect, deposits at US online casinos via this payment option were stopped. Then, deposits in more jurisdictions in which online gambling is in a gray area, meaning it is not deemed legal nor illegal, were restricted.
This measure has been taken because PayPal only wants to work within clear legal frameworks to avoid any problems that may appear. However, when or if online gambling becomes fully legal in this Canada, gamers will surely be able to join gambling sites that accept PayPal.
Best payment alternatives at online casinos that do not accept PayPal
Instead of going on a useless search for the best PayPal casino in Canada, gamers should focus on the alternatives.
Most online casinos in Canada will accept Visa deposits, no matter if we are talking about a credit or a debit card. What’s even better is that withdrawals are also available via this option, even on a Visa Credit card.
There are usually no fees charged by Visa, but the casino or the bank the player uses may charge them a fee for their transactions.
Here are 3 online casinos that we’ve tested that offer Visa payments:
Interac is one of Canada’s most trusted and used payment methods. It allows for quick and safe transfers. Interac will also not charge the user any fees but will charge the company that is receiving the payment – the casino. However, the gamer may have to pay a fee to their bank or to the gambling website if they set one.
This payment method can be used as both an e-wallet and an online banking option and it comes with plenty of promotions. It comes with the following fees:
Instadebit is available for deposits and withdrawals in a variety of currencies, including CAD and with low transaction fees. Signing up for this service is completely free, but making a deposit from the bank account will charge the user C$1.95. Paying directly from the Instadebit account can be done free of charge.
Often among the payment options at Canadian online casinos, EcoPayz is a safe and quick way to transfer money to and from gaming sites. Its fees are the following:
EcoPayz is available, for example, on the following gaming platforms:
Even if gambling websites that use PayPal can be found among Canadian online casinos, deposits and withdrawals cannot be made using this method. Canada’s online gambling activity is not yet regulated, meaning it is not legal nor illegal at the moment, so this payment method is not usable.
However, many alternatives are available, some even better than PayPal. Gamers may rely on Visa, EcoPayz, and even Canada’s favourites, Interac, Instadebit, and iDebit, to deliver money to and from them in a safe and fast manner. They frequently come with promotions that are either exclusive for one of these banking options or can be claimed with any of them.
See our extended list of PayPal casinos alternatives
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CasinoBonusCA is a project which has as its main key the consumer education. The website is represented by experts and specialist from the gambling industry which have dedicated their time to evaluate and investigate the market, gambling operators and their bonuses in order to create an extensive, unbiased database. Our services in Canada are operated by Extremoo Canada Web SRL, a company incorporated under the laws of Romania with registration number J40/9652/2018 and VAT Code RO39587211.