Benefits of PayPal
PayPal has reported more than 435 million active accounts in 2024 and more than 8.6 million new accounts in 2022. These numbers demonstrate it is a trusted and secure site for making digital payments. Usable in shops, PayPal is also popular as a payment method for playing pokies and other online casino games.
Let’s see its main benefits when used at PayPal casinos.
Fast withdrawals. PayPal processes any transaction immediately. Any delay would only be on the part of the third party, such as a casino. This is a definite benefit, as any delays are only caused by one party, not both.
High deposit limits. PayPal supports high transfer volumes, which means only the casino of your choice is setting limits. Joining one of the best casinos online for PayPal often means moving $10,000 or $20,000 at once is possible.
Fast and safe transactions PayPal prides itself on its security. All transactions are end-to-end encrypted. Users can also apply additional protection through the Security Key feature.
Easy to use. Once you’ve set up your PayPal account, the service is very easy to use. Compatible with all devices – whether mobile, laptop or PC – it is a superb option for carrying out digital payments and receipts.
Excellent reputation. PayPal’s reputation speaks for itself – safe and secure, simple to use, low fees and usable across the globe. The fact that it has more than 300 million users speaks for itself.
Strong acceptance rates. PayPal is one of the most popular and most widely accepted payment options. Besides using it at PayPal casinos, players can send money to friends, make purchases, receive payments and much more with the e-wallet.
Downsides to PayPal
It is important to understand there are also downsides to using PayPal. One of the cons is, in particular, important for Australians looking for a PayPal casino.
PayPal doesn’t work with Australian casinos. PayPal is not a viable option for Aussies looking for casino games with PayPal. The company follows the regulations of countries and states regarding
online gambling. The Australian government has vetoed online casinos within its territories; therefore, PayPal isn’t a payment option at online casinos for Australians.
Fees. There are fees associated with PayPal transactions. These will vary depending on where you are based and whether currency conversion is involved. In Australia, funding through cards comes with 2.60% + a $0.30 fixed fee. Withdrawing from Australian PayPal has a 3% bank transfer fee or 1% ($0.25 to $10) card transfer fee.
Verification. If you’re looking for anonymity, then PayPal may not be your best choice. Like a bank account, your PayPal account needs to be verified. Compared to other e-wallets or crypto, this is a downside.
Limited funding options. Currently, Aussies can fund their personal PayPal accounts via banks and cards. Those who prefer other ways of handling money may have an issue with this.