Initially tied to eBay, the PayPal online payment system eventually went on to become an economic giant in its own right. Today, there are over 200,000 live websites using PayPal in different countries, and just as many that redirect to one of these active users.
It’s that level of incredible popularity that has attracted the attention of the online gambling industry, and we can now see a substantial number of casino sites accepting PayPal. In fact, there are enough PayPal casino NZ websites to make people wonder which one to choose.
Well, you’re in luck – we’re going to go over all the ins and outs of using PayPal for online gambling in NZ and feature some PayPal casino reviews.
What Are PayPal Casinos?
A PayPal casino is one where a player can make a casino deposit by PayPal, and in some cases, even use it to withdraw winnings.
In the last couple of years, most people who make purchases and payments online have opened a PP account. It’s a quick and simple process and makes paying for any product or service on the internet a lot easier.
It was online logical for any respectable purveyor of gambling to become an online PayPal casino and embrace this popular payment method. The simplest way to think of it is that these are any of the casinos stating clearly that they accept PayPal on their banking methods page.
Why Online Casinos Use the Paypal Payment System?
There are a few main reasons why casinos accept payments through PP:
- It’s immensely popular – as stated before, many people already use this platform, and the platform had over $15 billion in revenue in 2018 to back that statement up, so it makes sense to tap into an existing pool of potential players.
- It’s easy to set up – even if a person doesn’t have it, it’s easier to set up an account and play casino online with PayPal than with most other payment options.
- The transactions are secure and smooth – having a stress-free and effortless transaction is something that both the patrons and the casinos themselves will appreciate.
- The fees are fairly low – another incentive for people to gravitate towards this payment service is that the fees are reasonable and won’t affect the total balance much at all.
- It’s easy to transfer money to any other bank account – some casinos don’t offer many banking options, but a player can always make withdrawals to PP and then transfer their winnings to any bank of their choosing.
The bottom line is when you have such a secure and easy to use service at your disposal, why wouldn’t you use it?
Benefits of PayPal
Here’s where things start to get really interesting. As any online casino that accepts PayPal in New Zealand will tell you – there are some enticing benefits involved.
It’s the fastest way to get started
Using PayPal payments gives you access to impressive welcome bonuses in a matter of seconds. You see, unlike with some other options, the funds you deposit or withdraw via PayPal are available to you within minutes.
PP only deals with a verified and legitimate site
In addition, PP is fairly strict about which platforms it does business with, so you can be sure that a site that offers this banking method has been thoroughly vetted and deemed secure and trustworthy.
If you take your personal security seriously, you’ll love the fact that you now have an easy way to separate the scammers and fakers from the real professionals.
You can make deposits from a desktop or mobile within a few clicks
If you play PayPal mobile casino games, you don’t have to fumble around for your credit card and squint at a long string of digits every time you want to add a few extra dollars to your account. All payments are a couple of clicks or screen taps away.
As you can see, opting for PP as your preferred way to pay for services on any internet gaming platform that allows it comes with quite a few benefits.
What About Taxes?
When it comes to gambling, as far as the Inland Revenue Department is concerned, casual players don’t have to pay any taxes on their winnings. It’s only if you are considered a professional gambler, that is you don’t make any money outside of playing games like roulette and pokies, that you can be taxed.
As long as it’s all just a hobby for you, and you have another job, you don’t have to worry about any additional taxes.
Aside from the regular fees that you can expect from your PP transactions, there’s really nothing else you have to worry about eating into your profits. If you’re just having fun with some internet pokies or a few rounds of Blackjack, then you can expect to take home all your winnings.
How to Choose Top Rated PayPal Casinos?
Now that we have covered all the essential details of how the platform works, we need to talk about finding the best online NZ casinos out there.
What your looking for is plenty of free stuff, like extra money and spins, when you first join, as well as a variety in terms of what you can play and the wining you can expect.
Here’s a list of our top picks, with a little bit of information on each of them.
If you want to enjoy some fun and exciting gaming on your phone, there’s no place better. They have all the standard options you would want, and even live casino offerings and a bookmaker. LeoVegas also has excellent customer support.
The best thing about it? Your first 2 spins are free of charge, and you can get up to NZ$1000 of extra cash to have some fun.
This website has been around for over two decades now, and it’s still going strong. You’ll have over 600 different ways to kill some time and have fun, particularly if you like slots. To make sure you have a good time, they’ll match your full first, second, and third deposit, up to $250.
Is It Easy to Make Deposits and Withdrawals via PayPal?
Making deposits PP is a breeze. You only need a username and password, and you can pay using your phone, and you are fully anonymous while paying.
In fact, one of the best things about it is the sheer speed at which you can load funds and start playing. It’s also incredibly fast to collect your winnings and start spending money like a true high roller. There’s a reason why more and more websites are adopting PP – it’s fast and easy.
We hope that we have cleared up any misconceptions you had about PayPal casinos, and given you some good options to choose form. There’s a lot to explore, and a lot more to learn, so go out there and start placing some serious bets.