How we rate PayPal
PayPal is undoubtedly a fantastic method of payment when it comes to online purchases, deposits and transfers. This payment method has been around for 18 years and it is stronger than ever before with more than 200 million active users. Further than that, PayPal was valued at $46.6 billion in 2015 and they are famously known as one of the largest online payment companies in the entire world as to date.
|Pros and Cons of using Paypal at online casinos|
|Pros||A time-tested convenient safe and secure online payment method|
|Cons||Most of online casinos don't accept Paypal deposits|
Why use PayPal at online casinos?
PayPal is one of the safest and most secure methods of online payments that you will find. They offer 100% protection against frauds. When you make use of PayPal as your preferred method of payment, you can be assured that no unauthorized payments will be made from your personal PayPal account due to their state of the art fraud monitoring system.
They also make use of mobile transaction authentication numbers. This is a method that sends a unique code to the account holder’s mobile phone when somebody tries to make a deposit with their account. This unique number must then be entered into the website or app that the transaction is taking place on before the transaction can go through. This ensures that only the account holder can make deposits, transfers or purchases, and it also acts as a way to notify account holders when their PayPal accounts are being used.
With PayPal you can be assured that your transactions and deposits will be processed and completed in an efficient manner – saving you the inconvenience of having to wait for days for the deposit to reflect in your online gambling account.
Whether it is a deposit, transfer or simple online purchase, with PayPal you can be rest assured that it will take place with almost no delay.
Another great advantage of PayPal is that they are an accepted method of payment in over 190 nations across the globe and they support over 30 different currencies including the NZ dollar, the Pound, the US dollar, the Euro and many others.
While there are not many drawbacks to PayPal as a preferred method of payment, there is the fact that PayPal has the ability to freeze your account and hold your funds at any time they suspect that you have committed fraud or violated their terms and conditions. The reason behind their ability to do so is the fact that they are a privately owned company and the regulations that are set and enforced by the federal bank does not apply to them. If your account is frozen by PayPal, it can take quite some time before they unfreeze your account and they are not obligated to provide you with a detailed explanation for their actions.
Online Casinos Accepting PayPal in NZD
From recently many top online casino providers offer PayPal as a payment method to their players. This step was greeted by many players online, especially from those who didn’t have access to other e-wallets due to county restrictions. With PayPal as a payment provider in online casinos, players have the chance to make instant deposits and withdrawals with the top level of security. This is especially convenient to New Zealand players, as PayPal is used by many across the country. However, reading the fine print leads to the conclusion that Paypal is offered to a very short list of countries, with most of the casinos not accepting NZD PayPal payments. In our quest to find NZD Paypal casinos, we only came across Jackpot City and Ruby Fortune as the only legit casinos the accept PayPal payments from New Zealand. Another casino that accepts Paypal is 888, however the do not accept the NZ dollar currency with this payment method. However, you can deposit with GBP or USD with your banks exchange rate to claim this preferred payment method bonus.
PayPal VS E-Wallets
At the same time when PayPal was on the rise in the online payments sector, the online gambling industry was growing in size and in generated yearly revenue. The company management team didn’t stay blind to the progress and revenue this industry was making and which increased year after year. Since every casino was already accepting other e-wallets like Skrill and Neteller as payment methods, it was only a matter of time when PayPal would step in to grab a share of the market.
If we compare PayPal to other e-wallet companies on the market, there is no doubt that PayPal is the leader in this field. They have over 180 million active accounts, over 26 currencies available and operate on over 203 markets. Not every country has the luxury of using their services, as the banking system of an applying membership country has to be on a level required by PayPal itself. This is where the true power of PayPal is seen. PayPal doesn’t ask to be granted access in a specific country, the country asks PayPal.
Making deposits with PayPal
PayPal is one of the most popular methods of online payment in world. When you make use of PayPal as your preferred method of payment, you can be guaranteed safe and secured transactions every step of the way whenever you make deposits, transfers or online purchases.
With PayPal you not only get security, but you are also guaranteed a simple and effortless process that can be easily executed by absolutely anybody by merely following this step by step guide:
- You will need to visit the online casino website of your choice before you can start doing anything else. (Click here to see recommended NZ online casinos)
- Once you are on the homepage of your preferred online casino, you need to locate the banking section – it is often titled “Cashier” – and go to that page.
- On the banking page you will be presented with various methods of payments. Here you will of course select PayPal as your preferred method of payment.
- Next you can enter your desired deposit amount. Note that you need to have sufficient funds to make this deposit.
- You will now be directed to the PayPal website where you will need to log into your PayPal account. Simply follow the provided instructions.
- Once the PayPal login is completed, you will be redirected back to the casino where your deposit should reflect in no time.
Withdrawing with PayPal
Withdrawing funds via PayPal is considered a smooth and seamless process. Your withdrawal transaction usually pops up in less than a few minutes. To explain via example, let's say you're aiming to withdraw at 888 Casino. In order to withdraw via PayPal, you should follow these simple steps below:
- Click on ‘Banking’
- Choose ‘Withdraw'
- Enter the amount of money you would like to withdraw (minimum 20) and then click on ‘Next
- Select ‘PayPal ' as your preferred method of payment
- Allocate the funds to your PayPal by clicking submit
- Your withdrawal should now be completed and your funds should reflect within 24 hours-3 days, depending on the processing times.
Where can I get a PayPal account?
PayPal accounts can be extremely useful to make online payments with or even to transfer money locally or internationally. If you want to open your own PayPal account and deposit money into your online casino account with all the benefits that PayPal has to offer, you can easily do so on the PayPal website.
Once on the website, all you need to do is click on the “Sign up for free” button which will direct you to a page where you will be required to enter your details.
PayPal is an effective method of online payment that comes with many benefits. The security it offers is without a doubt an essential advantage that makes this company stand out from its competitors. When it comes to PayPal you simply need to look at the numbers. With over 200 million active PayPal accounts, it is undoubtedly a leading method of payment that you cannot go wrong with.