Deposit via PayPal
PayPal is an online payment company founded in 1998 by Elon Musk together with five other individuals. As we speak, it supports online money transfers worldwide after exponential growth spreading across the online gaming business as well. Kiwis, in particular, prefer loading and cashing out using this option because of it’s speedy and highly secure transactions.
If you’d like to know what PayPal is all about, then you should spend the next couple of minutes reading this review. Here we go!
Types of PayPal accounts
There are different types of PayPal accounts depending on how frequent you use it and the amount of money you transfer. They are:
A personal account is the standard platform you’ll receive once you become a registered user. This account, however, comes with a few limits here and there such as accepting a handful of credit or debit card-initiated payments per year and maximum transactional limits on an annual basis as well. Anything above that will require extra verification to lift the limits.
This is basically a personal account, but the difference is that they are used to transact a large number of funds and are not limited to a specific number of credit/debit card funded payments. You’ll gain such limitless access to transactions after you’ve verified your identity and uploaded documents that confirm your physical address.
So, depending on the status of your PayPal account, you may or may not be able to load or cash out large amounts of money to and from the casino lobby.
How to Add PayPal to your Casino Account and Load your Deposits
After creating your account in your preferred PayPal casino in New Zealand, here is a simple process on how to add PayPal as a payment option and deposit your bankroll:
2. Go to your casino account and click “My Account” button at the top of the screen To add a banking option, select ‘Deposit’ then pick PayPal from the drop-down menu.
3. Fill in your PayPal account information as requested.
4. Click the “Deposit Funds Now” button, confirm the transaction and you are ready to play!
Again, the amount you can load will depend on the status of your PayPal account.
Limits, Speeds and Security Features
The deposits and withdrawal limits vary from one casino to another, check with your casino to know what their limits are. One of the best things about using PayPal is that transactions are instant when loading your deposit and for cashing out, most Kiwi sites have same day withdrawals. However, depending on where you are playing, you could even receive your payout in a couple of hours.
For safety, PayPal uses industry-standard encryption technologies and fraud prevention measures to guarantee that all your information and transactions are secured, and they cannot be compromised.
Top New Zealand Casinos accepting PayPal
Wondering where you can use PayPal for loading bankroll and cashing out your earnings? Well, you’ll be happy to know that lots of casinos in New Zealand accept this payment merchant. From what Kiwi players say, here is the list of the top casinos that allow you to use it for transactions:
Pros and Cons
Here are the advantages and disadvantages of PayPal for online gaming:
• Safe and secure
• Super-fast deposits and withdrawals
• Since you don’t share your connected banking information, you can gamble anonymously
• You can get a bonus from using it as a payment method
• Can be integrated with multiple bank accounts to streamline your transactions.
• You may have to part with transaction fees when receiving cash
• Not accepted by all New Zealand casinos.
Is PayPal secure?
Yes, PayPal transfers are secure and cannot be compromised thanks to high-end encryption software that’s used to safeguard all transactions. Moreover, PayPal can only be found on legitimate and licensed online casino sites so that they can protect their users.
Can I withdraw money using PayPal?
Yes, you can make both deposits and withdrawals via PayPal in any online casino that accepts it.
Are there charges when using PayPal?
While deposits to the house are usually free, you’ll pay transaction fees when cashing out from the casino to your PayPal account. Additionally, make sure that you check with the casino to see whether there are any additional charges.