Paypal

What is PayPal?

PayPal is an electronic wallet service that casino players can use at various online casinos in Australia. It is a reputable e-wallet service and offers its services to other countries. PayPal is free, and you can use the service to pay online on different websites, including casino sites.

PayPal is a third-party vendor to make withdrawals and deposits at casino websites. However, you must deposit an amount to your PayPal account before using PayPal. You can use different methods to transfer the amount, such as credit cards, debit cards, or bank transfers.

Some financial institutions also allow users to link their PayPal accounts directly with their credit cards. PayPal will never share your details with other parties, which makes it the most secure e-wallet service worldwide.

How to Deposit an Amount through PayPal at Australian Casinos?

Some online casinos in Australia that accept PayPal offer a no-deposit bonus, so you can get these bonuses without paying. However, you must deposit if the casino has wagering requirements for its bonuses. Here is how you can use PayPal to make deposits at Australian casinos:

Step 1

First, you must create a free account on the PayPal platform or website. Then you will need to signup with a PayPal-friendly Australian casino.

Step 2

Then, you will have to visit the cashier section on the casino’s website and choose PayPal as a payment option. 

Step 3

Fill in the amount you need to deposit to the casino and ensure the amount meets the limits set by the operator.

Step 4

Provide all the details of your account on PayPal and then proceed with the payment.

Step 5

Once the amount has been transferred to the casino (it can take a few seconds), you can start playing online games on the website.

How to Withdraw an Amount through PayPal at Australian Casinos?

Apart from depositing an amount in an online casino, Australian casino players must also withdraw their hard-earned winnings. On average, the minimum amount that most players withdraw from their account is $15 to 30. However, the maximum amount per transaction can be as high as $ 5000 to 6000. 

If you have an active bonus, then there is no need to process a withdrawal until the bonus is wagered. That said, here is how you can withdraw winnings from Australian casinos through PayPal:

Step 1

First, you must log in to your account on the casino’s website and head for the payment section.

Step 2

Choose PayPal and enter the amount you want to withdraw.

Step 3

Provide all the required information and wait for the amount to be transferred to your account (This process can take a few minutes sometimes). 

Step 4

Once the transfer process has ended, please check your PayPal and see if you got the amount.

However, we caution you that you must always complete the verification procedure before leaving the withdrawal request. Usually, withdrawals that are over 200,000 dollars require verification.

What are the advantages and Disadvantages of using PayPal?

There are a number of reasons why casino players opt for PayPal rather than other electronic wallet services. The main advantage of using PayPal is that it is a popular payment option and most Australian casino sites are familiar with it.

Unlike other e-wallet services, you can easily link your PayPal account to your bank account. PayPal also offers a highly secure payment method, so you won’t need to share your details with the casino. PayPal offers support for withdrawals and deposits and has a superior security reputation to other electronic wallet services.

While there are many advantages of PayPal, there are also some drawbacks of the payment method. Sometimes PayPal may charge casino players fees on withdrawals. While the extra charges are not big (2.6% and $ 0.30), the costs will eventually add up.

Sometimes, PayPal may freeze payments if it feels you are doing fraudulent transactions. However, PayPal will not stop here, as it will also freeze your account, which won’t let you withdraw your winnings in time.

If you don’t have a verified account on PayPal, the platform may limit the amount of winnings you can withdraw from a casino website. 

A comparison of PayPal and other Payment Options

Players can use several convenient and safe payment methods at online casinos in Australia to withdraw or deposit money if they consider deposits, PaySafeCards, and prepaid cards as safe as PayPal. 

Banks can also smoothly process deposits through MasterCard and Visa bank cards. However, when it comes to withdrawals, PayPal is king because most prepaid cards don’t offer withdrawals. Banking cards also take days to process withdrawals.

If you like to withdraw your winnings instantly, you must use PayPal. PayPal works for all types of transactions.