There are hundreds and hundreds of casinos online, and these are just the licensed ones. Even if a casino website is operating within the law, as a customer you should still have a high level of security when paying to ensure that if there are any issues that you are safe. As well as other benefits when using a top payment service such as fast payment processing and fraud prevention. Arguably the top online payment provider is Paypal, a company that has been leading in this field since the early 2000s. In this article about the Best Paypal Casino in Canada, we will be giving you the information that you need to know to choose the best casino for your liking.
What is Paypal?
Paypal is a payment service founded in the year 2000 following a merger, one of its founders is the famous entrepreneur Elon Musk. For multiple decades now it has been the leading way to pay online for anything that you want thanks to its convenience and safety. It is fairly easy to set up a Paypal account, you sign up with your email and connect your bank account or debit card. From there on you get a small payment of between C$0.01 and C$1, inside the description is a code that you use to verify your payment method. It is that quick and easy to get registered.
It is a payment method that can also be easily incorporated as a payment option by website owners. You should think of Paypal as a third-party provider that you connect with your bank account. It is a very powerful system as the customer and the business that they are paying are using a Paypal account, this accelerates the transaction and also makes refunds much smoother.
Advantages & Disadvantages of a PayPal Casino
In order for you to be able to fully understand what it entails to use a Paypal casino, below in this section we are going to list the advantages and disadvantages of this payment method:
- Transaction Fees, the great thing is that if you are using Paypal for personal use then you do not have to pay any transaction fees therefore there are no fees as long as there is no currency conversion required.
- International Payments, moreover, Paypal is an international service, therefore if you have found the best PayPal casino but you are in a different country you can still sign up and play without any issues.
- Verification, additionally, Paypal has strict verification requirements especially for businesses, therefore you will know who exactly you are paying as well as their business address.
- No Input of Details, on top of that you do not have to enter your personal and payment details every time that you make an order instead you only log into your Paypal account. This can also save you a lot of time and it also greatly reduces the risk that your personal or payment details will be stolen by a fraudulent casino.
- Peace of Mind, when using Paypal you have the peace of mind that if there are any issues that they will be sorted out. The payment service is famous for its high customer protection if they have received bad service or have been defrauded.
- Conversion Fees, you need to be aware that conversion fees are a part of personal Paypal accounts, if your native currency is different from the casino’s currency then a currency conversion fee of 4.5% will be applied.
- Frozen Accounts, there is also the very unlikely possibility that Paypal may freeze your account temporarily in order to run extra verification checks if their algorithm concludes that there is something potentially suspicious going on. This is very rare and it usually happens to new accounts or if you have been conducting unusual activities for example if you are accustomed to sending only small payments and then begin sending much larger payments. The chances of this happen are very low, and the issue is quickly resolved but it is something that you need to be aware of.
Games Offered at the Best PayPal Casinos in Canada
An important aspect of every casino is the games that it has to offer, and in order for a Paypal casino to be able to qualify as the best PayPal casino category is has to offer an exceptional array of games that will keep things new and interesting even for the most dedicated players. You’d be glad to know that the majority of all major gaming developers have built-in Paypal plugins that ensure that the entire process is seamless.
These developers include Microgaming, a British gambling software company that is often cited as the world’s first developer of contemporary casino software way back in 1994. Other worthy mentions include NetEnt, a Swedish company that employes over 5000 people and are behind hundreds of different games as well as the award-winning Play’nGo studio.
Overall you can find the exact same quality games at the best Paypal casinos such as roulette, slots, baccarat, blackjack, and also bingo to name just a few of the most popular ones.
Best Paypal Casinos Sign Up Bonuses
Paypal is not just beneficial for the customers but it is also beneficial for the best Paypal casinos in the industry who benefit from the fact that all customers are verified, that payments are super fast, and that they can receive international payments with great ease. Thanks to the many features that benefit casinos, they are eager to attract players with bonuses. In this section, we will provide an overlook of the types of bonuses that you should expect.
One of the most common forms of bonuses of course are cash bonuses on top of your initial deposit, these cash bonuses tend to at least double the initial deposit although there is actually a maximum limit to the sum of money that this cash bonus applies to which tends to be between CA$100 to CA$200. A related bonus offered by casino websites that accept Paypal is also free spins, however, you need to be cautious with this in order to ensure that the wagering requirements are not too high.
To add to this, certain online casinos also host progressive jackpots, this is when all of the players collectively contribute to a jackpot that will eventually be won by one lucky player.
Finally one of the most popular perks is also one of the most simple, it is the fast withdrawal that Paypal facilitates. With Paypal, on average you can withdraw your winnings in a time range that varies from instant to 2 hours. This is many times faster than the 1-5 day waiting period that is associated with withdrawals associated with bank transfers and credit cards.
It is important that you do your research when deciding on what casino website to play on, that you make sure that the bonuses also apply to the customers that use Paypal as their payment method of choice. There are some, casino websites that will limit their bonuses to only a few payment methods while not offering them for others. You have to double-check that this is not the case.
We hope that we managed to inform you well about Paypal and its benefits as well as how you can more effectively choose the best Paypal casino in Canada for your gaming pleasure.