- The most popular e-wallet
- Safe and trusted online payment method
- Almost instant deposits and withdrawals
- Small transaction fees
What Is PayPal?
PayPal emerged in 1998 under the name Confinity. Four years later, PayPal became public and was put under the wing of eBay. Over the years, as e-wallets became accepted by the vast majority of the online community, PayPal grew to become one of the most popular internet payment services in the world.
The main advantage of e-wallets like PayPal is safe and practical money transactions over the world wide web. Today, it is estimated that as much as 20% of online payments are done through PayPal and that tens of millions of people use this service daily.
Online casinos and betting sites usually include several payment options apart from traditional credit/debit cards and bank transfers. The best betting platforms offer multiple e-wallets, including PayPal.
The issue is that PayPal is not as present as some other e-wallets like Neteller and Skrill, but a fair amount of betting platforms still offer it as an option.
In our honest opinion, PayPal should be one of your top choices when it comes to online casino payment methods because it is cost-effective, practical, quick, and secure.
Further down, you can read all about the legality of PayPal and learn how you can use it to unlock betting bonuses and more.
Is PayPal Legal in Canada?
Being available in more than 200 countries and regions around the globe, PayPal is the most widely accepted online payment service. Canada is one of those countries, so you can freely use PayPal as a Canadian player and not worry about breaking any laws.
As long as the website you are betting on accepts Canadian players and offers PayPal as one of the payment options, using this payment service will be within the law.
Why Choose PayPal?
Using PayPal to make online betting transactions has many benefits over other methods.
One of the main advantages of PayPal is its effortless use. Setting up an account takes only a few minutes, and all you need is a legitimate email address. Further on, you can connect any number of different cards to your account.
Another reason why a lot of Canadian players choose PayPal is that it’s fast. Deposits are instant and withdrawals don’t take a lot of time either. It may take a few days for you to transfer the money from your PayPal account to your credit card or banking account, but this is common with all other methods as well.
As far as the fees go, they depend on the betting site you are currently on. Some sites include fees for deposits and withdrawals, but most of them will allow you to use PayPal without any additional charges. Note that there will be some fees associated with the service itself when you withdraw money from your PayPal account to your card.
The main concern online players have regarding payment services is safety, and this is where PayPal excels as well. PayPal is one of the most trusted online payment methods on the planet due to the security it provides to its users.
What to Look for on Best PayPal Betting Sites?
Plenty of novice online gamblers have a lot of questions about betting online for the first time, regardless of whether they plan to use PayPal or any other payment method.
If PayPal is, in fact, your payment method of choice, here are some things you should look out for.
First, you should check whether the betting site of your choice offers PayPal as one of the available payment methods. You might have read in an online review that a certain site accepts PayPal, but some reviews have outdated information.
It’s best to find this information by yourself. Go to the website of your choice and try to find all available payment methods on it. Betting sites usually have info about their payment methods on a page called Payments or Banking. If you can’t find it, try asking the customer support team.
While you are chatting with the support team, ask them whether they have any fees associated with the use of PayPal. If they do, we suggest that you find a site that doesn’t.
Just because a website offers a payment method that you prefer, that doesn’t mean you should stick to it. There are other factors to consider, like the betting odds, available markets, the size of bonuses, and overall user experience.
How to Find Best PayPal Bonuses?
Almost every online betting site in the world has some sort of bonus for its customers. The most common type of bonus is a welcome bonus that awaits all new players on the website.
Betting operators usually don’t put payment method restrictions on their promotions, so you will be able to use your welcome bonus with PayPal just like with any other payment option.
PayPal welcome bonuses should be released to you shortly after you deposit money into your player account for the first time. Just make sure you did everything right and that you complied with all bonus terms and conditions.
Is There a No Deposit PayPal Bonus?
Yes, plenty of websites offer no deposit bonuses to their players. What this means is that you get extra money to play with without risking any of your own.
Just like with other payment methods, betting sites usually allow PayPal customers to use these kinds of bonuses.
Using PayPal for Sports Betting
PayPal transactions can be used for all sorts of betting. Regardless of your preferred betting market, you can use PayPal deposits to bet on football, ice hockey, basketball, soccer, and many other markets, both traditional and exotic.
Moreover, you won’t be restricted to use PayPal deposits for casino games such as poker, roulette, blackjack, etc. if your betting site of choice offers any.