PayPal offers quick, secure transactions with instant deposits and withdrawals. The service doesn't charge any fees for transactions. Deposit and withdrawal limits usually range from $15 to $5,000. PayPal offers great security to its players with SSL encryption and 2FA. Therefore, the payment method is quite popular among gamblers.
✓ Interest-free
✓ Possible to make payments in NZD
✓ Instant payments
✓ Not supported at all online casinos
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PayPal is an online payment service that was founded in 1998. It's now a subsidiary of eBay, and it's available in 202 countries and 25 currencies. PayPal allows users to make fast and secure transactions. It offers many functions that help users with many things. For instance, a dispute resolution service, which means that if you have a problem with a transaction, you can ask PayPal to step in and help sort things out.
PayPal only provides its service only in regulated gambling markets. Therefore, it can be listed as a payment option in casinos that obtain the UK Gambling Commission, Malta Gaming Authority, or other reputable authorities license. Overall, the service provides instant and interest-free transactions.
PayPal itself doesn’t charge players for casino deposits or withdrawals, but some casinos may impose fees to cover PayPal’s merchant charges. We recommend checking a casino’s terms, as we verify these details in our reviews.
PayPal transactions are instant, but casinos set their own deposit and withdrawal limits. Minimum deposits usually start at $15, with maximums around $5,000. Withdrawals vary, with minimums averaging $30 and maximums ranging from $1,000 per day to $10,000 per transaction.
For international players, PayPal fees can add up. Sending money via PayPal incurs a 5% fee (up to $4.99) unless funded by a PayPal balance. Currency conversion costs 3%–4.5%, so we highly recommend you choose NZD online casinos.
Limit | Time | Fee | |
---|---|---|---|
Minimal Deposit | $15 | Instant | 0% |
Maximal Withdrawal | $5,000 | Instant | 0% |
Using PayPal for casino transactions is a simple and straightforward process that doesn't require much preparation. Still, our team has still prepared a quick step-by-step to ensure you don't face any issues.
When you're playing at an online casino, it's important to make sure that your personal and financial information is safe. PayPal is one of the most secure payment methods available, so you can rest assured that your money is safe. Let's take a look at some of its features:
To use PayPal, you need to register an account there. It is a fast process that can be done within a few minutes. First of all, open the PayPal website and click the sign-up button. Overall, the service has two account types: business and personal. As an online gambler, you are going to need a personal one. Then, you need to enter your personal information, like your name, surname, phone number, email, address, etc.
After that, you can link your card to your account and confirm your email. And that's it, you've registered your PayPal account. To have access to all PayPal functions, you are also required to complete the CIP (Customer Identification Process) for your account.
In order to sum up everything you already know about PayPal, let's highlight its advantages and disadvantages.
While gambling, it's important to remember about responsible and safe gaming rules. PayPal, in turn, offers a great feature that can be handy for players. For example, you can set up PayPal’s "Spending Limits" to stay in control. Go to Settings, then Payments, and then Manage Pre-Approved Payments and set limits to avoid unintentional extra spending. Besides using this responsible gambling feature, it is also important to remember other safety rules, including setting time limits and maintaining self-control.
In addition, PayPal allows players to create more than one account. Therefore, I recommend having a separate account for gambling. This way, you can fund it with a certain amount, and it would be much easier to control your spending.
It is always worth to have a second option. If you're looking for an alternative to PayPal, there are plenty of other options available. Some of the most popular alternatives include: