Availability in Canada
At the moment, PayPal gambling support is only available on Ontario-licensed casino and sportsbook sites. Many of the best platforms currently support PayPal, including:
- BetMGM Casino
- PartyCasino
- LeoVegas
- FireVegas
- NorthStar Bets
If you’re looking to play on offshore sites, you might need to use another payment method. PayPal rarely supports Canadian players on offshore casinos or sportsbooks.
How to Use (Step-by-Step)
Getting started with PayPal is a breeze. Here’s how to get set up:
- Sign up & verify PayPal.
- Link your bank account or credit/debit card.
- Verify your account.
- Choose a casino that accepts PayPal.
- Make a deposit.
- Play your favourite games.
- Withdraw your winnings with PayPal.
Pros & Cons
Like any e-wallet service, PayPal has its pros and cons for Canadian users.
Pros:
- Mobile transfers made easy with the PayPal mobile app.
- Move money efficiently, including instant deposits at Ontario casinos.
- Top-notch security and privacy for users.
Cons:
- Only availble to users in Ontario at the moment.
- High conversion fees if you are exchanging currency.
- Not all Ontario sportsbooks or casinos accept PayPal.
Fees & Limits
There are some fees and limits when using PayPal that are worth being aware of:
- PayPal itself doesn’t typically charge users for casino transactions. However, some Canadian casinos may add transaction fees, especially for withdrawals.
- Many casinos platforms set minimum deposits. These will vary from site to site.
- Withdrawal caps can also apply. If you win big, you may not be able to withdraw your funds to PayPal all in one go.
- While deposits are instant, withdrawals take longer to process. Depending on the casino or sportsbook you are using, it can take up to a week before funds will appear in your PayPal account.
Mobile & App Compatibility
PayPal offers an excellent mobile app that makes online money transfers possible no matter where you are. The App can be downloaded for free from the Apple App Store or Google Play Store. Simply sign into your PayPal account through the app and you’ll have all the great PayPal features at your disposal. This includes easy transfers and withdrawals from your Ontario online casino or sportsbook accounts.
Security & Privacy
An industry-leader when it comes to online security, PayPal guarantees the highest degree of customer safety and privacy. It employs a range of security measures to keep users' data safe, including fraud monitoring, data encryption, two-factor authentication, and a dispute resolution system to protect against unauthorized transactions. When playing on Ontario online casinos or sportsbooks, PayPal does not share any sensitive information.
Payout Speed & Deposit Timeframes
One of the best features of PayPal is the impressive speed of transactions offered to users. PayPal grants users access to instant deposits so you don’t have to wait any time before you can begin playing at the best Ontario casinos. In my experience, withdrawal times with PayPal vary depending on the casino or sportsbook you are using, as each site will have its own withdrawal process.
Comparison to Other Methods
Before you start using PayPal, it’s important to consider the alternatives. Compared to Interac, I’ve found PayPal is generally faster, though Interac is more widely accepted across Canada. Unlike credit cards, PayPal doesn’t incur cash advance fees, making it a more cost-effective option. While Skrill and Neteller are also popular e-wallets, I trust PayPal more to keep my data safe. Finally, unlike Paysafecard, which only supports deposits, PayPal allows both deposits and withdrawals, offering greater flexibility.
Final Thoughts
PayPal is currently one of the most popular e-wallets in the world, and for good reason. With instant deposits, an intuitive interface, and industry-leading security, PayPal is an excellent online banking method. If you’re the type of person who values speed and privacy for your online money transfers, PayPal is for you.
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Author
Brandon Justice has nearly a decade of experience covering sports, primarily working in college football, college basketball, NFL and MLB. Brandon provides a detailed analysis of the latest iGaming & sports betting trends with a wealth of experience, including writing for The Action Network & Rivals.com.