PayPal is one of the most used online payment methods internationally, and is well-recognised as a trusted service to fund online casino accounts. The e-commerce company offers 100% protection against unauthorised payments and enforces a fair dispute policy, which makes it an ideal option to consider when handling casino banking.
Although PayPal is a widely recognised and trusted online payment method, some stipulations in its terms and conditions of service mean that Australian players are restricted from using PayPal to deposit money to an online casino. Thankfully, there are plenty of other safe payment methods that cater to the AUD, and we’ll discuss these alternatives below, along with how to make a PayPal deposit if you’re playing from outside of Australia.
We only recommend licensed and trustworthy websites – those which have been awarded the eCOGRA Seal of Approval (an industry recognised award to online gaming companies which comply with the highest gaming standards), so you can rest assured that any of the payment methods at our recommended casinos are safe and secure.
How to deposit & withdrawal with PayPal
As mentioned above, PayPal is not an option for Aussie players. However, if your account is registered from a country that accepts PayPal payments, the deposit process is simple. To make a PayPal deposit or withdrawal on your preferred casino website, the process is similar to how you may use PayPal for day-to-day purchases on the Net.
Head to one of our recommended online casinos, like Royal Vegas Casino, Slots Million or Guts Casino using our links to claim some exclusive welcome bonuses. Sign up for a real money account and click on the deposit option in the main menu. From there, locate PayPal in the list of options, click through and input your account information and the amount you’d like to deposit or withdraw.
PayPal will redirect all casino banking transfers to your PayPal account, and will always prompt you to sign in before approving the deposit or withdrawal. This means that all your payments are not only protected by the high level of SSL (Secure Socket Layer) digital encryption offered by our recommended casinos, but also the extra layer of security provided by PayPal’s SSL certificate.
PayPal now offers a debit card which transfers money directly from your account for transactions at thousands of vendors. As PayPal transactions directly into our bank account can take up to three to four business days, if it’s prompt payment you’re after, a debit card is always a great option.
When you sign up, you’ll need to choose either a personal or business account. A personal account is usually the way to go because the fees will be lower, making it a great option for gambling on the pokies.
PayPal is also optimised for mobile use, so you can make quick and safe payments on the go from your smartphone or tablet.
Casino banking and PayPal
As PayPal is primarily used for business purposes and Internet shopping, it isn’t as extensively supported by casino websites as other online options. However, the service has stepped up and added support for gambling websites under two conditions: the site operator must have obtained prior approval from PayPal to accept payments through the PayPal service, and the website and all of its customers must be located exclusively in jurisdictions where online gambling is allowed under local laws. The second reason is why it isn’t seen as often at many sites and is why Aussies are restricted from using this service, but it’s still a great option to use when available.
If you’re the kind of person who’s wary about handing over your credit or debit card details to an online casino, there are plenty of other safe online payment methods that provide a similar service to PayPal.
Web wallets: also known as e-Wallets, popular services like Neteller and Skrill provide a safe place for Aussie players to store and spend money online. You need to sign up for an account with a web wallet provider, load some funds to your e-Wallet, and can then use your login details to deposit funds to you pokies account without having to provide your personal financial information to the casino operator.
Pre-paid cards: prepaid cards like Paysafecard (which now also incorporates Ukash) are widely accepted at our recommended casinos. These e-Vouchers are purchased for cash from real life retail outlets in exchange for a unique pin number which you can then enter online to transfer funds to your casino account. Paysafecard allows users to gamble in complete anonymity, and you don’t even need a credit card or bank account to use one.
POLi: this is an online payment service available exclusively for Australian and New Zealand players. When choosing to deposit via POLi, you’ll be redirected to the secure login screen of your usual Internet banking account, where you can transfer funds direct from your bank account without having to sign up for an additional POLi account. All transfers are free, instant and protected by the strong digital encryption of your financial institution, and the casino never sees your financial details.
For more information about deposit and withdrawal methods available at the top pokies sites, read our comprehensive article here.
History of PayPal
Contrary to popular belief, PayPal was not always associated with eBay. The e-commerce company began as an online money transfer service in 1998, founded by Ken Howery, Max Levchin, Elon Musk, Luke Nosek and Peter Thiel, in Palo Alto, California. In 2003, the e-commerce service was purchased by eBay, which soon made it the default payment method on the world’s most used Internet auction site.
While PayPal is not synonymous with online pokies like Neteller or Skrill (Moneybookers), it does service 359 online gambling sites worldwide. Considering it was intended primarily for business purposes and not Internet gambling, it is an impressive level of support.