Just like PayPal, both InstaDebit and its almost-identical-cousin iDebit are fast, secure and convenient way of funding your account directly from your bank account. They’re found at most online casinos like at Jackpot City.
Maybe one day in Canada
It’s not impossible that we Canadian gamblers could use PayPal in the (near) future. While PayPal has a very complicated gambling policy, things are not as bleak as it could be: the list of countries where PayPal can be used to fund gaming accounts expands steadily with a couple of countries every year. With that in mind, here are the instructions on how you would use PayPal if you could.
Is PayPal Safe?
PayPal is a third-party payment processor which adds to the safety and security of transferring money online. PayPal adds to security because the vendor (online store, or in this case, the gambling site) never gets your payment details. Instead, PayPal handles all the security issues and passes on the funds (but not your payment details) to the vendor. This means for example that if an online store gets hacked, the criminals don’t get your card details as PayPal didn’t pass on those details when you made the purchase.
In order to use PayPal to fund your online casino account you need to first have a PayPal account. You will need to sign up online and register via the payment processor’s website. Enter the required details to open your account.
At the casino you can visit the cashier section of the casino and click on PayPal as your method to deposit. You will be redirected to the PayPal website where you will need to enter your details and the deposit amount and confirm the transfer. You will then be transferred back to the casino. The funds are transferred in real time, allowing you to begin playing almost immediately.
How Do I Use PayPal to Deposit and Withdraw?
Unfortunately, while PayPal is available around the world and at a number of online casinos that accept Canadian players, as a Canadian player you will not be able to use PayPal as a payment option at the casino.
If it ever does become available for Canadians, making PayPal withdrawals is super easy. You’d go to the casino’s cashier, choose withdraw through PayPal and you’re done. Casinos take anywhere between 2 hours to couple of days to process withdrawals. After that part is done the money lands in your PayPal account.
Fees and Transaction Limits
There are no fees (or rather casinos pay the fees, not you) attached to a PayPal account and there is no minimum monthly deposit amount either. These details also add to its attractiveness, so hopefully it’ll be available one day.