PayPal Casinos: Benefits, Drawbacks, and The Best PayPal Casinos 2024

Written by Olivia Kim Last updated: 23/04/2024

A PayPal casino allow you to make payments using the well-known E-wallet. PayPal is a very popular payment option today because it is reliable, efficient, fast, and accepted in multiple countries, allowing you to make payments using a variety of currencies.

Since many casinos accept PayPal deposits and withdrawals, this is great news for gamblers. However, there are many options out there, making it extremely difficult to find the best PayPal casino for your needs. Fortunately, CasinoCrawlers has put together a list of the best PayPal casinos in New Zealand in this guide.

In addition to this, the article enlightens you about the process of creating a PayPal account and initiating casino deposits. Discover all you need to know below.

Best PayPal Casinos

What is Paypal and What are Paypal Casinos Exactly?

PayPal is an online payment system that allows users and businesses to send and receive money digital. PayPal has become one of the most popular payment platforms in the world. Users can link their bank accounts, credit cards, and other payment methods to their PayPal accounts, making transactions easy and convenient.

A PayPal casino allows you to make deposits and withdrawals using the payment method PayPal.

PayPal casinos are also great for privacy-conscious gamblers. If you don’t want to put your credit card information online or have your casino transactions appear on your bank account, then PayPal casinos are the way to go.

How to Make a Deposit at Casinos with PayPal

Many gamblers know about the benefits of playing at a PayPal casino site. But problems arise when choosing a PayPal casino platform from the numerous options available.

If you need some help getting started at a PayPal casino, the steps below can help you:

Paypal Casinos by the Numbers

How to Withdraw money from Casinos with PayPal?

You can easily cash out your winnings at online casinos that support PayPal. Once you’re ready to withdraw some money do the following:

Paypal Withdrawal Fees

The withdrawal fee is decided by the casino you pick, so be aware of this before you start playing. You can always find information about withdrawal fees on the casinos FAQ page or by contacting their customer support. You might also experience that the casino use a different currency than NZD, which can apply an exchange fee to your paypal transfer, so make sure to keep this in mind before withdrawing.

Paypal Casinos Withdrawal Limits

The casino you choose decide the withdrawal limits and the amount will vary. Some casinos have daily withdrawal limits of 1000 NZD while others have 5000 NZD. You can find the withdrawal limit of a specific casino by reading our casino review of the specific casino.

In most cases you would also need to verify yourself at the online casino before you can withdraw any winnings, but this is usually done when you create your account.

Paypal Casinos Payout Time

Paypal is well known for making fast payouts to casino players, which is another pro of using them. However you should note that payout time varies from casino to casino.

Is it Safe to Use PayPal at Online Casinos?

PayPal is a secure and safe way to transfer money from a bank account to an approved online casino account. PayPal is an extremely safe way of making online payments since it offers payment protection for users, meaning any transactions you make online are covered. However, there are other features to look for when assessing a PayPal casino’s safety, which we’ve outlined below:

Licenses

Firstly, the best PayPal casinos must have valid licenses. These can come from any gambling authority, but an online casino must possess one to show it meets the standard security levels of the online casino industry.

Buyers Protection

The buyers protection can in some cases protect you but it depends on the case. You can check out PayPals official safety and security page for more information.

Auditing

A PayPal casino should possess a valid license, demonstrating that it meets the casino industry standards, and any casino worth using should have undergone an independent audit. An audit will examine all aspects of the casino in-depth, including security measures and the fairness of games.

Why use PayPal at Online Casinos?

When you use a PayPal casino, there are many things to expect (and most of them are good!) So, what exactly can you expect to find at a PayPal online casino? Here are a few below:

• Payments are easy: Funding your account at a PayPal casino is extremely easy. You have to choose PayPal as your preferred option and input the amount you want to deposit. The money will appear in your account almost instantly.
• Safety: PayPal has managed to become a global payment option because of the high level of security it offers. Your money is safe in your PayPal account, and unauthorized third parties can’t access it. Moreover, PayPal will help resolve any issues between you and the casino and swiftly does this.
• Amazing Bonuses: You can enjoy amazing bonuses when you use PayPal casinos. Many of these casinos will offer you perks for simply funding your account with PayPal. These bonuses may range from welcome bonuses to no deposit bonuses, match deposit bonuses, free spins, and many more.

In addition to the above, you can enjoy playing in a licensed casino. This is because PayPal requires that a casino is fully licensed in the country they want players to use PayPal; this means you will enjoy the benefits of playing in a fully regulated casino. However, you may also note that PayPal casinos are unavailable in all countries.

Limits, Fees and Costs Associated with Paypal

Most of the time, you may not be required to pay fees when depositing money to your PayPal mobile casino account. However, this depends on the online casino in question since most of them absorb these charges and cover them on your behalf. But when you want to withdraw your money to PayPal, you may need to pay small costs, which we’ve explained in more detail below.

Currency Conversion

If you pay in a currency other than your PayPal account’s set currency, you’ll be charged a conversion fee ranging from 0.4% to 7.4% of the transaction amount, depending on the currency.

Transferring Money Abroad

Whether you fund the transfer using a bank account, credit, or debit card, and where the money is transmitted, a cross-border fee of 0.3% to 7.4% of the entire transaction is applied.

Receiving Payments

Money transfers are free whether funded with PayPal funds, bank accounts, or debit cards; however, credit card transactions have a 3.4% + 20p cost, with the sender choosing who pays.

Seller Fees

Gambling at any approved PayPal casino in NZ comes with zero fees but reasonable banking limits. Although online casinos charge no transaction fees for deposits and withdrawals using your PayPal account, the company itself may apply specific fees.

Is there a deposit limit and what are the fees?

The deposit limit is chosen by the casino so these will vary depending on the casino you choose and the same goes for the fees.

Is there a withdrawal limit and what are the fees?

The withdrawal limits are also set by the casino, so remember to read the terms and conditions before playing at the casino.

Other Limits and Fees

PayPal does not charge a monthly subscription fee for using its basic services. However, PayPal does offer different types of accounts, such as Business, Personal and Premier accounts, each with different features and fee structures. As a casino player you will only use your Personal Paypal account, which does not have any fees.

Features and Apps

The Casinocrawler team are avid users of PayPal and there are some great features to highlight. Plus, those using the PayPal iOS or Android apps won’t miss a thing. In fact, we’d argue that the PayPal app is superior to the desktop version in many respects. Let’s look at the key features of PayPal:

Digital Wallet with PayPal

Combine your credit cards, debit cards, and bank accounts into a single PayPal digital wallet so you can access your money quickly. You can play at any PayPal casino so that you can deposit and cash out your winnings almost instantly.

PayPal Access Card

The PayPal access card allows you to use your PayPal account to make offline transactions; this means you can use PayPal at online casinos and at physical casinos to withdraw cash to use for bets.

PayPal.Me

Although PayPal allows third parties to make deposits to your E-wallet, PayPal.Me is an extension of this which makes receiving money even more straightforward. You can get paid by sharing a link; some casino operators accept this as a withdrawal method. All you need to do is share your link with the casino, enter your winnings, and the casino should then send you your money using the link you’ve provided.

Paypal Mobile App

As mentioned above, we love the PayPal app for iOS and Android. The app has a refreshing, clean design, is simple to navigate and it can notify you whenever there’s activity on your PayPal account. Plus, you can easily access your contacts, send or receive money from anywhere in the world and more. The security features are excellent too. Whenever you send money or get in touch with customer support, you can use a biometric password (using Face ID or Touch ID) or a PIN number sent over SMS text message to verify that it is you using PayPal.

With the rise of e-Wallet payment alternatives such as PayPal, it’s now even easier to deposit, play, and win all from your phone. Mobile casinos are popular and provide responsive games, live-streamed table game studios, and video versions of poker, roulette, and blackjack.

The casino experts at Casinocrawlers has investigated the PayPal mobile app and it comes with a lot of features including:

How to Sign Up at Paypal

To play in an online casino and enjoy all the benefits that comes with this payment option, you will need to open a PayPal account. Doing this will give you access to a digital wallet of your own which you can use to pay for different services, including being able to play at online casinos. This payment option is widely used in various countries, including New Zealand. It is also highly safe and secure and allows you to make transactions without compromising your details. If you are interested in opening a PayPal account, the steps below can help you achieve this.

Estimated time needed: 00:10 Tools needed: Credit CardEmailWeb BrowserBank Account Supply needed: 3 NZD

Register an account with PayPal This will require that you provide a valid email address alongside other information like your country of residence and phone number. Step 1

Confirm your details Make sure there are no mistakes with your details before you proceed. Using the wrong information can cause problems later in the future. Step 2

Link your credit card or debit card to your PayPal account You will need a valid debit card or credit card with a minimum of NZD3 that will be required for charges. Step 3

Confirm and finish the transaction Confirm your credit/debit details and deposit funds into your PayPal account from the linked card. Step 4

Create My PayPal Account

KYC

When signing up for a PayPal account, you will only be asked to supply basic personal information. However, when you start sending and receiving money, then PayPal is under a legal obligation to find out more about you. Chiefly, this means proving that you own the payment method used to fund your account. To do this for a bank account, for example, PayPal will send you two low-value transactions. You must then access your bank account, note the amounts sent to you, inform PayPal of the amounts you have received and that’s it!

Your PayPal online casino will also have a KYC procedure. This involves uploading copies of a government-approved photo ID, such as a passport or driving license, and a recent bank statement or utility bill showing your full address. Once done, you will be fully verified. The only other thing that might be checked is if you start making large deposits. In that case, you may be asked to prove your source of funds – i.e., show that you can legally afford to gamble that much.

How We Rate the Best PayPal Casinos

Numerous PayPal casinos exist today, but at CasinoCrawlers, we only recommend a select few. This is because some PayPal casinos are lacking in critical areas, which makes them unworthy of a place on our list. Therefore, we rate PayPal casinos using specific criteria to ensure our players are safe, secure, and happy. Here is a list of the criteria that an online casino must meet.

PayPal Compatible

Any PayPal casino we recommend must support deposits and withdrawals using PayPal. This is important because some PayPal casinos may allow you to withdraw with the method but not support deposits or vice versa. We only add casinos to our list that accept deposits and withdrawals.

License

A license is necessary for any online casino because it signifies that an appropriate body has checked the casino and ensures that it operates fairly. If you play in a casino without a valid license, you could run into various problems later.

Privacy Policy & T&C’s

We go through the terms and conditions to ensure the online casinos we recommend are clear on where they stand regarding your privacy. There are online casinos that don’t offer clear terms and don’t respect your privacy which is why we keep these casinos off our list.

Variety of Games

PayPal casinos should offer a large variety of games so you can wager on all your favourite slots and card games. We ensure that the casino has a good selection of games, including slots, table games, and a live dealer option. These games must also be powered by top developers like Microgaming, NetEnt Evolution Gaming, etc.

Usability & UX Interface

An online casino should be easy to use and have a high-quality design. Online casinos that put effort into these areas and value the user experience earn a place on our list. You should be able to use the platform without problems, and there should be links to important pages on the homepage.

Welcome Bonuses & Deals

Everyone likes bonus deals, which is why only casinos that offer the best welcome bonuses make it to our list. A welcome bonus is a great way to boost your overall earnings and play games for free. Some welcome bonuses are better than others, and we list casinos with only the best promotional offers.

Customer Support

When playing in an online casino, you may run into problems and will require help to help to get back on track. This is where an effective customer support team is essential. You should only play in casinos that provide support outlets like phone, email, and live chat options.

Payment Options

In addition to PayPal, the online casino must support other reliable payment options. These include Neteller, Instant Bank Transfer, Skrill, Paysafecard, etc. Every PayPal casino we recommend offers a variety of payment options for you to choose from.

Responsible gambling

Gaming can quickly become addictive and affect various aspects of your life. This makes it necessary for online casinos to teach players how to gamble responsibly and create an environment that encourages it. The online casinos we recommend strongly support responsible gaming and have a page dedicated to helping players.

If you use PayPal to deposit, you may encounter PayPal-specific bonuses like the PayPal Welcome Bonus and no-deposit offers. Most of these promotions will need you to make a deposit first which can be quickly done using your PayPal account.

PayPal Casino Bonus Promotions

Online casino sites offer a wide range of incentives and promotions, which also applies to approved PayPal casino sites in NZ. For example, you can get a no-deposit bonus at most PayPal casinos for New Zealanders. You can also find welcome bonuses, sign-up promotions, free spins, and free casino cash. On Casinocrawlers we analyse and compare the best bonus deals and present them in transparent way. Here’s some of our favourite casinos that offers a bonus and accepts PayPal:

The History of PayPal

Paypal was founded in December 1998 under the name Confinity by Max Levchin, Peter Thiel, and Luke Nosek. Initially, the company’s focus was on developing security software for handheld devices, but they soon changed strategy to creating a digital wallet for payments on the internet. The company was renamed PayPal in March 2000, and it quickly became one of the most popular ways to pay for online purchases. In 2002, PayPal went public and was later acquired by eBay in 2003 for $1.5 billion

The vision of PayPal was to create a secure, fast, and easy-to-use payment system for e-commerce. The founders recognised the limitations of traditional payment methods, such as credit cards and checks, and saw an opportunity to create a better solution. Today, PayPal has expanded its services beyond e-commerce and is widely used for peer-to-peer transactions, online money transfers, and mobile payments.

Paypal continues to innovate and expand its services. The company has also embraced new technologies, such as blockchain and cryptocurrency, to stay ahead of the curve. Today, PayPal is a household name and a trusted payment partner for millions of businesses and consumers around the world.

PayPal Company Info

Alternatives to PayPal Deposits

As we earlier stated, PayPal casinos might not be the perfect solution for all. The great news is that you don't have to choose another casino if it doesn't accept PayPal. Instead, you just need to select a different payment method! To help you find one, Casinocrawlers has put together some of the best payment alternatives you can try out.

Is PayPal Legal to Use in New Zealand?

Yes, PayPal is legal to use in New Zealand and it is a licensed and regulated financial institution, that complies with laws and regulations in each country where it operates. The payment method is a popular payment method for online transactions, including online gambling. You should always note that while PayPal itself is legal, online gambling laws in New Zealand are complex and constantly evolving. It is your responsibility to ensure that you are following all applicable laws and regulations when gambling online with PayPal or any other payment method. It is also important to choose a reputable and licensed online casino that accepts PayPal payments. This is also why we recommend that you choose a casino that has been reviewed by Casinocrawlers to ensure a safe and secure gambling experience.

Does PayPal Disclose Information to the Tax Authorities in New Zealand?

No PayPal does not disclose you information to the tax authoratives. You can read more about exactly what information Paypal collects from you in their Privacy Statement. In general gambling winnings are not subject to income tax and you don’t need to report any income from lottery or gambling either, unless you get accommodation support, temporary additional support or special benefits.

Responsible Gambling

A secure and safe casino shouldn’t just protect your data and transactions but should also ensure that you stay safe. Many gamblers can quickly develop an addiction, so a good PayPal Casino needs to have measures in place to help punters who require support. As always it’s important that you play responsible and follow the guidelines of responsible gambling to avoid potential risks and consequences related to online gambling.

If you have the slighstest feeling that your gambling has become addictive you should search for help. Casinocrawlers has gathered information and hot lines on our responsible gambling page to help you out.

The Best PayPal Pokie Sites for Kiwis

If you enjoy pokies, you’ll likely look for great online pokie sites. Playing pokies for fun is fine, but if you want to raise the stakes and win higher prizes, you’ll need to play for real money. This means you need a funded casino account, and PayPal is the quickest and easiest way to do this. PayPal casino sites for real money pokies are relatively popular these days because PayPal is a widely accepted payment method at most online casinos and allows you to deposit a lot at once.

Among the Best Paypal Pokie Sites for Kiwis are Hello Casino and Guts.

PayPal Betting

If you’re searching for the right online bookmaker that accepts PayPal, you may not have as many options as you would with other payment methods. Sportsbooks tend to accept traditional payment methods over newer options like PayPal.

Fortunately, some sportsbooks support PayPal betting. Some of the top Betting Sites for New Zealanders that accept PayPal include LeoVegas Sport, Betway, and William Hill.

Find the Best PayPal Casinos in New Zealand Today!

PayPal is a very popular casino payment method for many reasons. It is safe, secure, and supported around the globe, with many online casinos accepting it as a form of payment. Players who want to keep their data private can easily rely on PayPal since you only need to input your email address at the casino cashier. This means there is no need to provide credit card details at online casinos, where it could fall into the wrong hands.

What’s more, withdrawals tends to be super-fast in PayPal casinos, and funds will arrive in your account quickly. Also, PayPal casinos support mobile gameplay, which means you can log in, play your favourite games and win real money regardless of where you are in the world.

As if these benefits are not enough, PayPal casinos allow you to manage your finances by providing you with a detailed record of all your financial transactions. This feature is essential for online players since it is very easy to exceed your budget when gambling.

The above and many more are the fantastic benefits you’ll enjoy when playing at PayPal casinos. Without a doubt, this is undoubtedly a payment option that players should start using in online casinos.

However, you can only enjoy these benefits when you play in the right PayPal casinos, which is why choosing from the sites we recommend is essential. So, browse our list of Paypal casinos and choose a site today to get started!

References

• Paypal Inc., “Help Center”, https://www.paypal.com/nz/smarthelp/home
• Work and Income, https://www.workandincome.govt.nz/
• Paypal Inc., “Safety and Security”, https://www.paypal.com/nz/webapps/mpp/paypal-safety-and-security

Olivia Kim

Tech & Payments Expert

32 Articles

0 Reviews

Olivia is an experienced researcher and writer interested in everything relating to Tech and Payments. Olivia is a skilled software developer and uses her IT and programming skills to write accurate content about technical aspects and iGaming tech.

Read more about the author