PayPal is a pioneering American company co-founded by Elon Musk in 1998. Today, PayPal is among the most used banking solutions for making online purchases casinos NZ and money transfers and is available to users in more than 200 countries around the world and supports more than 30 currencies.
Being one of the most used payment methods around the world, PayPal has also gained great popularity among gamblers as it protects their privacy. Also, it ensures fast, secure and hassle-free transactions.
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| PayPal Summary | |
| Currencies | +30 |
| Funding sources | credit/debit/ prepaid cards or American bank account |
| Available in New Zealand | Yes |
| Connecting card/ bank account to PayPal | Free |
| Cashing out the balance from PayPal to your bank card | 4.4% + $0.30 |
| Pay to online merchants | No fees |
| Hidden costs | No |
| Available for deposit at New Zealand casinos | Yes |
| Available for withdrawal | Yes |
| Deposits processing time | Instant |
| Eligible for bonuses | Yes |
| Withdrawal processing time | 3 – 5 working days |
| Live chat | Yes |
| Phone support | Yes |
| E-mail support | [email protected] |
PayPal Casinos NZ Signup Process
Unlike many other payment methods, the PayPal signup process only takes a few minutes. You can do this process via the Paypal website or through the service app. Below you will find a step by step guide to creating a PayPal account.
- After entering the PayPal website or downloading the service app, click on Sign-up. Next, you have to choose between a personal account or a business account. If you want to use this account for gaming only then you have to choose the first option. However, note that the monthly limit for using the personal account is $500.
- Next, you have to fill in the sign-up form and then click on the ‘Next’ button.
- The next step is to receive a 6-digit code on your smartphone, which you must fill in the registration form to confirm the number.
- Once customers verify their phone numbers, they will be asked to provide some personal data, including name and email address.
- Now you have to choose a funding source, which could be a bank card or a US bank account.
- You can now choose your account currency. However, you may add more currencies in the future.
Using PayPal for Gambling Transactions
Making gambling transactions with PayPal is not the same as paying for various goods and services online. All you have to do is follow these simple steps:
- Go to your casino.
- Navigate to the cashier section
- Choose PayPal
- You will be redirected to your PayPal account, where you have to enter your username and password. Then agree to the process.
Pros of PayPal Casinos NZ
It should be noted that the benefits of using PayPal far outweigh the drawbacks. Therefore, if you are confused about using this method or not, we advise you to use it without hesitation!
One of the biggest advantages of PayPal is security, speed of use, and high reliability.
Besides these great features, PayPal users often get lots of special bonuses on almost every deposit which allows them to earn more casino credits without any extra costs.
PayPal is also very affordable. You can make your deposits without incurring any additional costs, on the other hand, only 4.4% is charged on your withdrawals.
This wallet is also incredibly easy to use even by those who have never used it before. After using PayPal once or twice, you will find that you are used to it as if you have been using it for many years. In addition, PayPal gives you the freedom to choose between using the website or the app
Cons of PayPal Casinos NZ
The most notable drawback of PayPal is the fees. Although 4.4% is not a huge fee to put up with, there are plenty of other e-wallets that offer much lower fees than that. As for conversion fees between currencies, you can reduce them if you choose a casino that supports your local currency.
The second drawback is that there are very few casinos that accept this payment method due to the restrictions imposed by PayPal on gambling transactions.
PayPal Transaction Fees
- Deposit fees: Free
- Withdrawal fees: Depends on the casino
- Deposit fees: vary via credit/debit card
- Withdrawal fees: vary via credit/debit card
PayPal Transactions Processing Times
Fast transaction processing times are one of the highlights of PayPal. Thanks to this payment method, players can make transactions in real time, while withdrawals are always made at a convenient time. This is definitely a positive thing as it saves players the frustration of waiting for their money to reach their casino balance.
However, we must warn you that it may take some time especially if your bank takes a long time to process the transactions.
Transfers from PayPal to a bank account usually require 3-5 business days to complete successfully.
PayPal Mobile Payments
Have you ever been in a situation where you decided to play your favorite slot on the go but forgot to charge your casino account before leaving your home? No need to wait until you get home as you can make deposits and withdrawals easily and securely via their smartphone or tablet as the payment processor offers a convenient and easy-to-use app and is compatible with all mobile devices.
Security at PayPal Online Casinos NZ
People who are new to the gambling experience are concerned about the safety of their money and personal data. However, if you decide to play at one of the trusted PayPal casinos, there are no reasons for such concerns.
PayPal is the most secure payment method in the world. This means that all scenarios of your account being hacked or credits stolen are impossible. Your PayPal account is secured with a password and/or face print. When trying to log in through a new phone/computer, PayPal will ask the user to confirm his login by entering the OTP code that will be sent to the registered phone number. Thus, it is impossible for your account to be stolen!
In addition, players who use PayPal do not need to share any of their personal or financial data with the casino when making their deposits or withdrawals. The fact that PayPal does not share your banking info or personal data with any third party gives it an extra layer of reliability.
The wallet also reviews your transactions around the clock to eliminate any risks of identity theft or other fraud. If suspicious activity is detected, PayPal will help you deal with the issue and cancel your transaction immediately.
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