Best PayPal Casinos In Canada 2024

Top Canadian PayPal Online Casinos In Canada 2024

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Our industry experts have personally tested 50+ Canadian PayPal casino sites and have seen it all – the good, the bad and the ugly. After testing out PayPal deposits/withdrawals, bonuses, different games, mobile play and customer support, these are the best PayPal casinos in Canada from the results of their tests:

Slotimo	🥇 Overall Best PayPal Online Casino in Canada
Betonic	🎲 Best Live Dealer Games Of Any PayPal Casino
Bingo Bonga	🔥 Hottest PayPal Cashback Rewards
HotBet	🏇 Top Sports Betting Casino With PayPal
Thrillsy	🤩 Best PayPal Payouts Casino

What Is A PayPal Online Casino?

A PayPal casino is an online casino that accepts PayPal deposits and withdrawals. PayPal is the number 1 e-wallet in the world with over 400 million users, and they process $1 trillion + in payments annually. The company was founded in 1998 by Peter Thiel, Max Levchin, Luke Nosek, Ken Howery, Yu Pan and none other than Elon Musk. PayPal immediately revolutionized the way people could transact online, which helped usher in the e-commerce boom. 

PayPal does not charge buyers for making purchases online. However, it does charge merchants a transaction percentage fee. PayPal also makes money on foreign exchange conversions and, in some cases, withdrawal fees. The company generates $25 + billion every year. Due to the popularity of PayPal as an online payment method, numerous casinos have begun accepting PayPal deposits and withdrawals. Online casinos are willing to bear the brunt of PayPal’s fees because it allows them to attract new players.

Despite being over 20 years old, PayPal continues to innovate and offer new solutions to merchants and buyers. PayPal is very simple to use as you only need to sign into your PayPal account and confirm the transaction and also features the highest level of security, including 2FA and full encryption. Another key advantage of PayPal is the fast processing speeds which allow players to deposit instantly and receive their winnings in just a few hours. We expect PayPal to only become an even more popular online casino method over the next 10 years.

Company name	PayPal Holdings, Inc.
Website	Paypal.com
Headquarters	San Jose, California, United States
Established (year)	1998
Founder	Peter Thiel, Max Levchin, Luke Nosek, Ken Howery, Yu Pan, Elon Musk
CEO	Dan Schulman
Number of countries using PayPal	200
E-mail	service@paypal.com
Phone number	1-402-935-2050
Payment duration	Deposits: Instant Withdrawals: Within a few hours
Costs/Fees	Zero
Security Features	– PayPal Security Key – Fraud monitoring and prevention – Key pinning – Data encryption – Email payment confirmation – TLS connection
Number of customers in Canada	6.4 million
Number of customers worldwide	429 million

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PayPal Explained

PayPal is an e-wallet which allows you to make online purchases, store money and send and receive cash from around the world. How it works is you attach your credit/debit card or bank account to your PayPal account, and when you make a purchase online via PayPal, it automatically deducts the amount from your attached payment method. Alternatively, you can add money directly to your PayPal, and this balance is deducted when you make a purchase.

PayPal is a popular online payment method because it has lightning-quick processing, is incredibly easy to use and allows you to make online purchases without revealing your payment details to merchants. For example, when you deposit at an online casino using PayPal, you are transferred to the PayPal site, where you log into your account via your email and password. Then you select to deposit via your PayPal balance at the attached payment method. The online casino doesn’t access any of your payment information.

PayPal Online Casinos: Pros And Cons

A major advantage of PayPal online casinos is processing time. It is incredibly annoying to sit around waiting for your deposit to arrive, especially when you feel like gambling now! Fortunately, as soon as you confirm your PayPal deposit, your funds will arrive instantly, making it an ideal payment method for spontaneous gambling sessions.

PayPal also has the fastest withdrawal processing of virtually any payment method. You can receive your winnings in as little as 1 hour. With other methods, you can be waiting 5 + days. Also, when depositing or withdrawing at PayPal casinos, you will never pay a single fee.

PayPal online casinos do have a few minor downsides. You need to create a PayPal account before you can deposit or withdraw, but this only takes a few minutes. Also, PayPal deposits are not eligible for some bonuses.

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How To Deposit Via PayPal At An Online Casino

Depositing at an online casino via PayPal only takes a few minutes. Even better, the payment is processed instantly and is 100% free. Follow these steps to make your first deposit:

Step 1: Choose PayPal Casino And Create An Account

The first step is choosing any PayPal casino from our recommended list. Just go to their official site and hit the Sign-Up button in the top right-hand corner. Then simply share some basic information like date of birth, name, email and currency.

Step 2: Create A PayPal Account

If you already have a PayPal account, you can skip this step. Head to paypal.com and click the blue Sign Up button. Share your mobile number, address, first and last name, and email, and create a password. Then you need to attach your credit/debit card or bank account to your PayPal account.

Step 3: Deposit Using PayPal

Now head back into your online casino account, click the Deposit button, and select PayPal. Enter the amount you wish to deposit and tap Deposit. Then you will be taken to PayPal, just sign into your account and deposit via your PayPal balance or your attached payment method, such as your credit card.

Step 4: Play

After you have confirmed your PayPal deposit, the funds will arrive instantly. Now to play, just navigate to the homepage and type your desired online casino game into the search bar. Then double-tap on the game, select your bet size and start playing!

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How To Withdraw With PayPal At Online Casinos In Canada

It is super easy to withdraw your winnings from an online casino with PayPal. Even better, you won’t pay any fees, and your winnings will arrive on the same day you complete your withdrawal. To cash out with PayPal, follow these steps:

Step 1: Head To The Withdrawal Section

Sign into your casino account and click on the account icon in the top right-hand corner. Then click Withdraw. This will take you immediately to the cashier section.

Step 2: Select PayPal As Your Payment Method

Now you will see all of the different payment methods available. Scroll until you find PayPal and double-click on it.

Step 3: Enter The Amount You Wish To Withdraw

Once you have selected PayPal, you just need to type in the amount you want to withdraw. Make sure the amount you select is above the minimum and below the maximum withdrawal limit.

Step 4: Confirm Your Transaction

Now if this is your first PayPal withdrawal, you will be directed to the PayPal login page. Simply sign into your account and confirm the transaction.

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Our PayPal Casinos Rating Methodology

We don’t just recommend any casino that happens to let you deposit and cash out via PayPal. We have a multi-step rating process that analyzes the casino’s main features, including:

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PayPal Fees, Processing Times And Limits

PayPal is an incredibly popular online casino payment method due to its zero fees, incredibly fast processing times and flexible limits. PayPal also has the added benefit of world-class security, including the highest levels of encryption and amazing ease of use.

Fees

There are zero fees when depositing and withdrawing via PayPal. PayPal charges online casinos for processing payments, but players don’t have to pay these fees. If a PayPal casino charges fees for deposits and withdrawals, this is a major red flag, and we recommend you find another site immediately!

Processing Times

PayPal is famous for its lightning-quick processing times. As soon as you confirm your deposit on PayPal, the funds will hit your casino account, and you can start playing right away. Withdrawals are also super fast. When withdrawing via PayPal, you will receive your winnings within a few hours.

Limits

PayPal offers flexible limits that suit all players, no matter the size of your bankroll. The typical min PayPal deposit and withdrawal is $10, but some casinos have a $5 minimum. On the other side, the maximum PayPal deposit and withdrawal is $10,000 per transaction. If you want to deposit or withdraw more via PayPal, you can split the payment into multiple transactions.

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Why Deposit Using PayPal?

PayPal is accepted by all of the best Canadian online casinos and offers instant deposits and withdrawals. PayPal transactions are free and are incredibly safe because you don’t need to share your credit/debit card or banking details with the online casino.

Fast Deposits

Within a few minutes of confirming your PayPal details, your funds will arrive in your account. PayPal offers just as fast deposit processing as Visa or Mastercard, which makes it an ideal payment method for spontaneous gambling sessions.

Fast Withdrawals

A massive advantage PayPal has over other payment methods is the fast online payouts. PayPal withdrawals are processed virtually instantly, and your winnings should be in your account within a few hours. This is in contrast to credit/debit card and online transfer withdrawals, which can take up to 7 days!

Global Payment Company With Strong Reputation

PayPal has been around since 1998, is available in 200 countries and supports 25 currencies. PayPal is accepted by millions of sites and hundreds of online casinos all over the world. It is incredibly secure because you don’t have to share any of your payment information with the casino.

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Can I Claim A Welcome Bonus When Depositing With PayPal?

In most cases, you can deposit via PayPal and claim your welcome bonus. In the past, PayPal offered buyer protection for casino deposits, so some players were abusing this system and claiming bonuses and then filing chargebacks. However, PayPal stopped offering buyer protection for casino deposits back in 2016, and now most casinos allow you to claim casino bonuses with PayPal deposits.

To confirm whether or not PayPal deposits are eligible for welcome bonuses, you need to head to the casino’s promotions page and pull up the terms and conditions for the specific welcome bonus you wish to claim. The bonus terms and conditions will clearly state what payment methods you can and can’t use. These will vary from casino to casino and bonus to bonus, so don’t just assume they apply across the board.

Other Available Online Casino Payment Methods

Don’t have a PayPal account? You can still deposit and play at online casinos thanks to a range of secure payment methods. Visa and Mastercard are the most popular credit and debit card providers in the world and offer instant deposits, the highest levels of security and world-class rewards programs. Another great payment method is Skrill which is similar to PayPalis accepted by hundreds of online casinos and offers instant deposits and withdrawals. You can also withdraw and deposit directly via online bank wire transfer which is ideal if you are depositing and withdrawing large sums of money. Finally many casinos accept Bitcoin which offers fast processing times and if you are looking for anonymity.

Conclusion: Best PayPal Casinos Canada 2023

We hope our guide has explained the advantages of PayPal casinos, how they work and most importantly helped you find your new favorite lucky online casino with this payment option. 

So what are you waiting for? Time is ticking and those bonuses aren’t going to claim themselves! 

Sign up to the best Canadian PayPal casinos and play the latest slots, table games and live dealer games from all of your favorite developers and get your hands on more bonus cash than you can handle and hundreds of free spins right now!

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FAQs: Best PayPal Casino In Canada 2023