PayPal is a pioneer online payment system founded back in 1998. In 2002, it was purchased by eBay, and that acquisition was a stepping stone for PayPal to become one of the most sought-after payment tools worldwide. Apart from buying goods at online retailers, PayPal users can use the service for funding gambling accounts and collecting their winnings.
It presents a safe, anonymous, convenient, and fast way of transferring funds, which makes it a perfect option for Canadian online poker players. You could set up a PayPal account within minutes, load it with funds via your bank account, and use the e-wallet to make easy and quick deposits into your preferred poker sites. Pretty neat, right?
This article is an in-depth guide to PayPal poker in Canada. We’re going to show how to use PayPal for depositing and withdrawing on poker sites, what the pros and cons of this payment service are, what fees to expect, and more. Stay tuned!
Best Poker Sites That Accept PayPal in Canada
My adept team of poker experts has scoured the web, trying to track down the finest poker rooms in Canada that accept PayPal as a banking method. It’s time to call off the search, as we located a couple of operators that could be worth your while. The fact that not many poker sites accept PayPal made the selection process a bit more tricky, but we pulled it off. All the sites below have passed our rigorous security checks, and have scored high ratings in all aspects of our selection criteria. By all means, help yourself!
What Is PayPal?
I know that most of you guys have already heard of PayPal, and probably even use it for making payments in online merchants, so I completely understand if you want to skip this paragraph. This section is dedicated to PayPal beginners — those who haven’t had a chance to use this immensely popular e-wallet service.
PayPal is one of the most popular online payment system providers in the world. It was established in 1998, and it’s currently headquartered in San Jose, California.
Being an e-wallet, PayPal allows users to make online transactions through a computer or a smartphone. It’s capable of storing multiple bank accounts and credit card numbers in a secure environment. These characteristics make PayPal, as well as other e-wallets, a perfect match for the online gambling world. With PayPal, there is no need to disclose any banking or credit account information when making deposits or withdrawals on poker sites. You merely need to enter your PayPal account information, leaving your bank/credit card details hidden from the poker operator.
You can think of PayPal as an intermediary between your bank and the poker site. First, you transfer the funds from your bank account to your PayPal account, and then use those funds to deposit into poker sites. That way, your bank account details will remain safe and hidden from prying eyes.
Why Use PayPal for Depositing Into Canadian Poker Sites?
PayPal is a perfect addition to the online gambling world. Thousands of transactions that take place via PayPal speak volumes of its reliability and ubiquitousness. Here are some of the key advantages of playing in Canadian PayPal Poker Sites:
Reputation and security — There are over 300 million active PayPal users, which is a testimony to how safe, reliable, and efficient this payment method is. Also, the platform employs multi-layer protection measures, including high-end encryption, advanced data security and fraud protection tools, and global member protection software.
Ease of Use — Setting up a PayPal account is a straightforward process and payments are easy to facilitate. It takes only a couple of minutes to deposit into poker sites via PayPal.
Anonymity — PayPal provides an unprecedented level of anonymity, which makes it an especially appealing option for poker players. It works as a third-party service, meaning that your bank and credit card account information will never get into poker site’s servers.
Low Fees — PayPal has some of the most competitive rates among payment providers. The payment service doesn’t charge fees for opening an account. Note that there may be some fees involved when you transfer funds from your bank account to your PayPal account.
Speed — Every e-wallet processes lightning-fast transactions, and PayPal is no different in this regard. This is especially apparent for cashouts, as these take 24 hours–2 business days to process.
Although PayPal is one of the most convenient and simplest methods of depositing funds into Canadian poker sites, it comes with a few downsides. The first weak point is that you’d have to wait for a couple of days every time you transfer funds from your PayPal account to your bank account.
Also, in some instances, PayPal may freeze your account. This occurs when users request to withdraw a considerable sum of money, or if the service detects some potentially suspicious activity. A lot of people get frustrated when this happens, which is completely understandable.
How to Deposit Into Canadian PayPal Poker Sites
In this paragraph, I’m going to show you how to deposit into Canadian PayPal poker sites, step-by-step. Keep up, and you’ll be claiming those hefty poker bonuses in no time!
- Set up a PayPal account and connect it with your bank account.
- Transfer funds from your bank account to your PayPal account.
- Find a poker site that accepts PayPal and sign up for an account.
- Go to the Cashier section and find the Deposit option.
- Select PayPal and fill out the required fields (PayPal email address, and amount of money you want to deposit).
- Once you verify the payment, the funds should reach your gaming account almost instantaneously.
- Have fun!
How to Withdraw From Canadian PayPal Poker Sites
Withdrawing funds is basically a reverse process. Just follow these few simple steps:
- Go to the poker site and log into your account.
- Find the Cashier section and the Withdrawal button.
- Select PayPal from the list of available payment methods and input the necessary details.
- Once you confirm the payment, the funds should reach your PayPal account within two business days.
- Send the funds from your PayPal account to your bank account. It shouldn’t take more than five business days for the funds to reach your bank account.
Alternative Payment Methods to PayPal
If you’re not interested in PayPal Poker sites, there are a couple of noteworthy alternatives for Canadian poker fans. Visa, Interac, Skrill, PaySafeCard, and UseMyWallet are all great options and are more prevalent on poker sites than PayPal. These methods work pretty much the same way as PayPal and provide similar benefits.
PayPal is a fast, secure, and reliable payment method used by over 300 million people worldwide. Providing unparalleled levels of anonymity for each transaction, PayPal is a perfect choice for Canadian poker fans who want to see their money quickly being transferred to their gaming accounts.
Hopefully, this article has brought you up to speed with how the service is used, and what it is all about. Remember to always gamble responsibly and we wish you all the best in your future poker adventures!
Can Canadians use PayPal?
Can I deposit into poker sites using PayPal?
Which Canadian banks work with PayPal?
Does PayPal charge any fees?
Does it cost more if I make a large deposit?
Is PayPal safe?
Can I reverse a PayPal transaction?