Deposits made via PayPal to poker sites is called Paypal Poker deposits. It is an easy way to transfer money back and forth between your account and your online poker funds. PayPal does still allow this sort of transaction from citizens from countries outside North America.
These types of poker deposits are now defunct, but there are many ways to get around which lets you put money in your online Canadian poker account by sending money from your PayPal account. The Prepaid credit cards are the simple answer to your PayPal woes. Some brands of credit card won’t fund online poker but while the loophole exists, you can legally fund your poker account with your PayPal account, just by purchasing one of the hundreds of Canadian prepaid credit cards out there on the market.
PayPal deposits at Poker sites
Although numerous other e-Wallet competitors emerged in the last decade or so, PayPal remained the most used electronic payment service of its kind. PayPal offers fast online transactions and is supported by the majority of online gambling and poker sites.
Thanks to the partnership with numerous online casinos and poker sites, users of these gaming hubs can use the payment service to both deposit funds into their accounts and withdraw winnings from the site.
These poker rooms offer their players to manage their winnings through their PayPal account, which is quite handy especially in situations when such an e-wallet is required.
You can use PayPal as deposit option to play Poker at these best Poker sites
Advantages of using PayPal
There are many advantages of using PayPal. The first and foremost is security. This electronic payment service deploys six layers of prevention and protection. These include:
- The use of the latest encryption technology
- Monitoring all transactions 24/7
- Utilising top-notch fraud protection and data security tools
- Resolving any disputes in a timely manner
- Second-to-none global member protection.
What’s more, PayPal was made ideal for the digital world. You can access it through both Android and iOS mobile devices, as well as desktop, making it even more convenient to manage funds, regardless of your whereabouts.
PayPal is one of the oldest and most trusted payment providers in the world, boasting over 400 million users worldwide. Paypal is a highly-versatile method that can be used for virtually any type of online transactions. It’s accepted by thousands of merchants online.
The most important thing about facilitating your financial processes is that PayPal poker sites let you choose instead of making the choice for you. In this regard, the most important point is that poker sites have no access to your bank account information. In this regard, collecting money and providing the e-mail associated with PayPal is all you’d have to do.
Depositing and cashing out via PayPal is straightforward. It takes only a few clicks and several minutes of your time to get started.
Disadvantages of PayPal
Not all online poker sites offer PayPal deposits
Unfortunately it is still banned for US poker sites, as it is prescribed by law. Moreover, it’s important to mention that one and the same PayPal account should be kept once you’ve started using it on a specific online poker room.
Other than these few drawbacks, this payment method is purely beneficial. A very important detail is that PayPal is the only provider which has your bank account information, while the poker rooms solely function with the e-mail address which is connected to your PayPal account. In any case, trustworthy poker sites outwardly show their license from a credible jurisdiction. Yet again, it’s better to be safe than sorry.
How to make a deposit at Poker sites?
Before you can deposit at PayPal poker sites, you must make sure your PayPal account is topped up. There are two ways for transferring funds to a PayPal account — through a PayPal Cash Service or through the bank account.
- If you opt for the bank transfer, you must choose the bank account that you will be transferring your funds from, select the amount you want to transfer, and then click “Add”.
- On the other hand, if you go with the PayPal Cash service, you must go to a PayPal store, generate the barcode in your PayPal app, and show it to the retailer. When the retailer requests the payment, your account will be replenished within 15 minutes.
Once you have created a PayPal account and topped it, you are ready to make your first deposit on a poker site. The process is easy as pie, and you only have to follow a few simple steps.
To deposit money, you must log in to your online casino/poker site account. Then go to the “Cashier” section to initiate the payment process. The “Cashier” section is usually located in the lobby of the site and marked with a shopping card symbol. Select the “Deposit” button and click on PayPal in the list of supported payment providers.
If PayPal doesn’t pop up at first, check if there is the “More Deposit Methods” button that will navigate you to the remaining deposit methods available. Once you’ve found PayPal, type in the amount you wish to deposit. When you do that, you will be redirected to your PayPal account where you have to fill in the credentials and verify the transaction.
Once you’ve completed all the steps mentioned above, your funds should be instantly transferred to your account. Depositing funds to an account on poker sites usually doesn’t involve any fees, which is yet another advantage of using this payment provider.
How to make a withdrawal with Paypal at poker sites?
To cash out from your account, you must find the “Cashier” section yet again and find PayPal on the list of supported withdrawal methods. Type in the amount you wish to withdraw and request a payment.
In the advent that it’s your first PayPal withdrawal on the site, your poker operator might ask for some additional info. This is necessary because of the “Know Your Customer” policy which requires players to confirm their identity.
Although all of this sounds boring and maybe unnecessary, it serves as a preventive measure against fraud attempts. You might need to provide specific personal information such as:
- Bank Statement
- A personal ID or Passport copy
- Utility Bill.
As far as fees are concerned, you won’t encounter any when depositing on most poker sites. However, when you want to withdraw to your PayPal account from the poker site or from the PayPal account, there is usually a 3.4% commission rate. This may vary from different poker sites, so you should check this information at customer service support.
Also remember that, if you wager on PayPal poker sites, the operator will never see your credit card number or bank account information. The payment provider keeps all the financial and personal information hidden from third parties.
If you encounter any problems when using PayPal for transactions on Poker sites, you can contact the team working for Buyer Protection and Account Protection programs. The primary job of these organisations is to solve disputes, help prevent fraud, and provide an additional layer of protection for their users if their money goes missing.
Finally if you don’t find PayPal as deposit options then you can use other alternative payment methods. You can fund your poker site with other ewallets such as Neteller, Skrill, or cryptocurrencies like Bitcoins, litecoins or more. Also use credit or debit cards to fund the poker site or use any prepaid cards like Paysafe or Instadebit to play poker with real CAD.