Top PayPal Casinos 2022 – NZ Casinos That Accept PayPal

The rise of PayPal into a casino and player favourite for real money transactions is not without reasonable cause. The payment method is a reliable deposit and withdrawal method, offering free registration to users in 202 countries globally, including New Zealand. Cutting-edge security keeps user details safe from prying hands, and instant processing speeds ensure funds are available when transfer requests are put in. Multicurrency use makes it ideal for almost any gambler, especially when exploring international casinos. Currency conversion rates apply, but they are reasonable. PayPal is not without its faults, the most significant one being the lack of phone support for customer care services. Also, unverified accounts abide by low transaction limits.

Paypal Casino New Zealand

💳 PayPal Review

PayPal is among the most renowned online payment methods, even far outside the gambling sphere. The platform launched in 1998 as the private company Confinity and was not publicly traded until 2002. The same year, PayPal was wholly acquired by eBay and used as the primary transaction mode for the online marketplace. The cashier channel was not locked out of servicing other industries, and it started partnering with online casinos. In 2015, eBay allowed PayPal to run as an independent entity rather than a subsidiary, which blew up its acceptance in casinos and other internet services. Today, PayPal is available in 202 countries across six of the seven global continents and can be found in hundreds of online casinos as a deposit and withdrawal method.

👍 How Paypal Works

PayPal supports sending and receiving money on the web. While this cashier channel sounds like every other e-wallet, it has significant advantages over its competition. For starters, PayPal functions like a bank account, meaning that it can hold funds securely and use them for purchases rather than purely transacting them. UK and US users can even go a step further and request a physical credit card to be used just like Visa, Mastercard, and Maestro cards. However, this service has yet to be introduced in New Zealand. Nevertheless, the online account option is still functional for a variety of services, including;

  • Sending and receiving cash from a bank account used to register the PayPal account
  • Sending and receiving money from another PayPal account
  • Getting an advance from a credit card linked to the PayPal account
  • Sending money to a savings or checking account
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💻 Opening an Account with Paypal

PayPal supports two types of accounts: Personal and Business. Opening either one of them is pretty uncomplicated. All you have to do to register goes is;

  1. Launch the official PayPal site on any browser on PC or mobile
  2. Choose which account type you want – If you are planning to use the account to transact with online casinos, it is best to choose the ‘Personal’ option
  3. Click on the ‘Sign Up Now’ button
  4. Enter the requested info, including a valid email address and preferred password (it must contain eight or more characters and is case sensitive) – the email and passkey are necessary for future login
  5. Click ‘Next’
  6. Agree to the stipulated privacy policy and terms and conditions
  7. Click ‘Create Account’

PayPal sends a confirmation email to the provided address, and clicking on the displayed link confirms the accuracy of the entered info and activates the account. After registration, you can link the platform to a preferred credit or debit card by clicking on ‘Wallet’ on the top menu bar. Add the required bank details either through Bank Verification or Wire Transfer. PayPal requires information like the country of your bank, its name, code, and account number. Finally, verify the provided information using a UnionPay card by entering the verification message code sent to the linked phone number.

🪙 Depositing with PayPal

Once you have a funded PayPal account, you can use it for real money gameplay. The procedure of cashing into gambling dens unfolds as follows:

  • Select an online casino that supports PayPal as a banking method – this information is often included on the landing page footer or in the ‘Banking’ and ‘Terms and Conditions’ sections
  • Create an account with the gambling den as instructed on their official page
  • Locate the cashier section, which is sometimes placed under the ‘My Account’ category
  • Choose PayPal as the preferred deposit method
  • On the redirected PayPal page, enter your login details (email address and password)
  • Enter the amount to transfer to the casino account, taking into account the stipulated minimum and maximum deposit limits.

Most casinos set minimum deposit limits between $10 and $20. On the other hand, the cashier channel determines the maximum limit. In that case, the highest amount that can be deposited using PayPal is $10,000, and it can stretch up to $60,000 in some cases. However, if your account is unverified, the maximum deposit amount falls far beneath these limits.

🧾 Withdrawing with PayPal

Withdrawing with PayPal

The withdrawal process is just as seamless as that of deposits and is usually conducted as so:

  • Visit the casino cashier section and select ‘Withdraw’
  • Select PayPal as the desired payment method
  • Key in the amount to be cashed out, and it must be within the stated limits
  • Provide any other requested information, such as identification documents
  • Wait for the casino to process and verify the transaction

Most casinos limit members to using the same banking channel for deposits and withdrawals. Therefore, if you use PayPal to cash into your account, it will most likely be the only provided option when it comes time to cash out. The casino typically sets the limits of the withdrawn amounts.

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💲 Transaction Speeds with Paypal

Usually, depositing into a casino account using PayPal is instant, and funds reflect as soon as they are sent. However, adding money to your PayPal account from your bank account usually takes 3 – 5 business days, and the funds as sent via eCheck. You can find out when money is bound to arrive in your account by clicking ‘Activity’ on the menu bar atop the homepage and checking the transaction in question for the expected clearance date. Alternatively, you can deposit instantly by linking a debit or credit card to back up the transfer. The linked card is charged only if your bank account cannot be debited.

Depositing to PayPal Processing Time
Bank transfer (e-checks) 3 – 5 business days
Linked debit or credit cards (Transaction backups) Instant

 

The processing period of withdrawn funds varies from one establishment to another, ranging from 12 to 72 hours. Once the cashout request is verified, funds reflect in your PayPal account immediately. You can go ahead and transfer the money to your linked bank account using an eligible debit or credit card or request it in the form of a check. Standard bank transfers last 1 – 3 days, while checks last several weeks.

Withdrawing from PayPal Processing Time
Credit or debit card 1 – 3 days
Checks Several weeks

 

PayPal Fees

PayPal facilitates deposits and withdrawals in online casinos for a fee. While the ideal situation would be paying nothing, the levies applied by this cashier channel are made affordable to support any gambler. Here is a look at what you are expected to pay for different services:

Type of Transaction Charges
Deposits with PayPal (no currency conversion) No fee

 

International personal transactions (any market) 6.99 NZD
Deposits with linked cards 3.4% + 0.45 NZD fixed fee
Receiving personal transactions No fee
Currency conversions 4.0%
Converting received payments 3.0%
Withdrawals from PayPal 3.0%

 

Credit and debit card link confirmation 3.00 NZD

✔️ Pros of PayPal

The success of PayPal as one of the best channels to transact when gambling online is rooted in the numerous upsides that serve both players and casinos. The most prominent ones are;

  • Wide accessibility in 202 countries
  • Free and easy account creation
  • Multilingual – supports English, Spanish, French, Portuguese, and many other dialects
  • Multicurrency – transacts in NZD, EUR, USD, CAD, NOK, and other fiat currencies
  • Secure online transactions
  • Available as a mobile app

❌ Cons of PayPal

PayPal is an undeniable success, but it does not lack some shortcomings, and some of them are;

  • No phone customer service support
  • Unverified accounts abide by low transaction limits
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Frequently Asked Questions

What is PayPal?

PayPal is a payment method that facilitates sending, receiving, and holding money online for registered users.

Is PayPal available on mobile devices?

Yes, it is. PayPal is launchable on any mobile browser and downloadable as an app from the Google Play Store or Apple Store.

Where can I use PayPal?

This cashier channel is available in 202 countries across six of the seven continents, including New Zealand, Europe, the Americas, Africa, and Asia. However, its availability in a country does not assure its use in online casinos.

Is PayPal secure?

Yes, it is. PayPal monitors every transaction around the clock to prevent identity theft, fraud, and email phishing. State-of-the-art encryption is in place and works hand-in-hand with a dedicated team to flag suspicious activity. Also, bank information is never shared with casinos, and payments can be made using an email address and password only.

Is internet connectivity necessary to use PayPal?

Yes, it is. PayPal is an e-wallet, meaning that it runs entirely online. A web connection is necessary to use the browser and app versions.

Can I deposit and withdraw using PayPal?

PayPal is usually listed as a deposit and withdrawal method in all the casinos it features. This saves the hustle of using two different cashier channels.

Final Remarks on Neteller

PayPal nails every element of a reliable online payment method. The easy accessibility of the app on browsers and app stores in 202 countries means it is open to almost anyone. The registration process is a breeze, and so is depositing and withdrawing from your favourite casinos. While fees apply, they are low enough to be negligible. The best part is that security is highly considered, and sensitive information like the card number is not shared with the casino. Find out more about the banking method on its official website before opening an account and enjoying real money games in PayPal casinos.