The Relationship between Casinos and PayPal

Casinos and PayPal don't always have the best relationships due to strict limitations in certain countries. However, there are still some places in which it is possible to use this increasingly popular e-wallet service provider. Of course, venues that do not allow this method do make alternatives available.

PayPal itself is not just a payment option for online gambling. It is used in many countries around the world for all kinds of things, whether this means online shopping or presenting a card to a bricks-and-mortar merchant. The company offers credit services, debit cards and even prepaid cards that can be funded in different places.

Because this is a company with American roots and the US passed the UIGEA back in 2006 which restricts financial transactions, it is increasingly difficult to find casinos that will accept this form of payment. However, it is possible to find PayPal used at casinos outside of the United States, and this is true of Canadian venues, too. 888 Casino is one of the most popular venues that accept this form of payment from its Canadian citizens.

Signing up for the service is simple. Consumers only need to go to the e-wallet provider's website, fill out a questionnaire, and then link a bank or credit card account. After this has been done, the account can be funded and used to make all kinds of purchases.

Moving funds from a bank account to the e-wallet account can take up to three days, but this isn't always the case. Once the funds are in the PayPal account, though, all transactions between the e-wallet and online gambling institutions are instantaneous.

Like other providers, there are some limitations in place. Minimum deposits between casinos and PayPal are $50 while a $5000 daily spending maximum is also applied. There is also a $10,000 limit on deposits in any one-month time period.

Of course, there are plenty of other options for funding online gambling accounts, too. There are other e-wallet service providers such as Neteller, Moneybookers, ClickAndBuy, Click2Pay and UKash that are used worldwide as well as in Canada. Credit and debit cards are popular, and bank wires are the safest way to make large deposits.