PayPal Review – Safety first!
PayPal is a type of an e-wallet – a type of payment method that uses a digital account where you can store, send, and receive money. This makes it ideal to fund your casino account and for withdrawing regular winnings.
Although some players may be afraid of sharing credit or debit card details with casinos, rest assured that PayPal solves this problem by acting as a middleman to ensure that none of your payment details are stored on the casino website.
You put your funds in your PayPal wallet and from there into the casino. That way, none of your payment details are stored on the casino website.
Two ways of keeping your information safe are through the General Data Protection Regulation (GDPR) which is designed to strengthen the control that users have over their data and privacy, and the Know Your Customer (KYC) process.
While GDPR protects user data, the KYC process is performed to prevent illegal activities such as money laundering or fraud.
Here at NZCasino, we promote only licensed, safe and trustworthy casinos through our honest casino reviews.
|Did you know?|
|PayPal has quickly become a global leader in online payment solutions with more than 325 million accounts worldwide. Available in 202 countries and 25 currencies around the world, PayPal enables global e-commerce by making payments possible across different locations, currencies, and languages.|
How to use PayPal at Online Casinos?
To use PayPal as your casino payment method, first you need to have a PayPal Personal or Business account which is very easy to set up through the PayPal website.
For this step, you need a credit or debit card to link the account to.
You will then need to join a PayPal Casino and choose PayPal as your deposit method. Once you do, the casino will redirect you to PayPal to make your deposit.
Are there any fees when depositing and withdrawing at the PayPal Casino?
PayPal doesn’t charge deposit fees when used to transfer money to an online casino. However, there may be a transaction fee when you receive winnings back from a casino (these fees are subject to change and may sometimes be absorbed by the casino).
There is a small fee should you choose to withdraw back to your credit card, and a withdrawal limit for PayPal.
How to place a deposit and withdraw your winnings using PayPal Casino?
Placing a deposit with PayPal is easy. All you need to do is:
- Make sure your PayPal account has money in it, or is connected to a bank card for funds;
- Go to the Cashier section of your chosen online casino and choose PayPal;
- Enter how much you want to deposit, making sure you meet the minimum deposit required;
- Wait for the money to appear in your online gambling account;
- Use the money deposited to fund your casino gaming, along with any bonus funds you get.
In compliance with industry standards and regulations, withdrawals from an online casino account must be made the same way as the deposit.
Once the money is in your PayPal account, you can keep it there or withdraw it to your bank account or credit/debit card; usually for a fee.
|Did you know?|
|Any organisation holding personal data, including smaller businesses and charities, is subject to the GDPR if it is located in or offering goods or services in Europe.|
Solutions to common issues when using PayPal at Online Casinos
Running into problems while playing is nobody’s idea of fun, but there are solutions available to you. Here are some answers to questions you may have:
- I think I may be a victim of fraud. What should I do?
If you think you may be a victim of fraud, PayPal advises you to change your password and update your security questions immediately to protect your account, and report any suspicious activity to PayPal.
- If I made a mistake with my deposit, can it be refunded?
Always check if the terms and conditions cover you if you’ve made a mistake with your deposit before reaching out to contact customer support.
|Did you know?|
|PayPal uses an integrated risk management system that uses PayPal intelligence and advanced machine learning to help you fight fraud.|
Pros and cons of using PayPal at Online Casinos
|Extra safe and secure thanks to Buyer Protection||PayPal has a reputation for randomly freezing accounts to verify the identity of the holder or question transactions.|
|PayPal deposits are not normally excluded from bonuses||Currency conversion rates aren’t very competitive, meaning if you’re changing your cash into US Dollars to deposit, you won’t get the best rates.|
|PayPal enables global e-commerce through payments across locations, currencies, and languages.|
|PayPal is a global brand listed on the NASDAQ stock exchange and is trusted by millions of users and merchants.|
PayPal vs. Other Payment Methods
|Making and receiving payments is safe||✔||✔||✔||✔|
|Card, app, or registration required||✔||✔||✔||✔|
|Payments take between 1-3 days||✔||✔||✔||✔|
|Did you know?|
|PayPal has received more than 20 awards for excellence from the internet industry and the business community.|
Deposit with PayPal, Get Amazing Bonuses!
We only partner up with safe and reliable online casinos that give their players great payment methods including PayPal, but also generous enough to offer New Zealand players great welcome bonuses and even some Free Spins when you depositing money with PayPal.