Over the years, the popularity of virtual casinos has grown considerably. When online casinos came into existent, most people avoided playing at the online casinos with real money.
There were issues about the safety of the payments, and there were no regulations in place. However, now, things have changed.
Today, there are plenty of online casinos in New Zealand that allow people to play at their platforms securely. One of the most popular funding options at the top online casino is PayPal.
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What is PayPal?
PayPal is one of the top online e-wallet solutions that offer its services in over 180 countries in 25 different currencies around the world. The company has been in operation since the past 15 years and has dominated the e-wallet industry for all those years.
In 2002, the company was acquired by eBay, but became a separate company in 2015 and has been operating that way since then. If you check online, all of the top reputed online casinos offer Payment platform as one of the payment options. It is a sign that particular online gaming is safe and reliable.
It has strict business policies, and it is the reason why it supervises all of the businesses that use their services on an active basis. If the company receives a complaint towards a particular entity, they conduct a thorough check and immediately cease working with them.
Payment platform also works with a virtual casino that has been registered in different countries, including New Zealand, and has a gambling license by the concerned authority in New Zealand.
How to use PayPal?
At an online casino in New Zealand, PayPal is the easiest and the most convenient method of adding or withdrawing funds. You will need an active Payment platform account to be able to use it as a virtual casino out there.
You will have to log into the PayPal account from the choice of the virtual gaming you want to play at and then deposit money from your bank account to the virtual gaming or withdraw your earnings at online to your Payment platform account from where you can transfer it directly to your bank account in NZ.
This Payment platform maintains the highest standards of security for the players at an online casino in NZ to use it without worrying about fraud. The Payment platform uses two-factor authentication, SSL encryption, and also a PIN for any transaction to be completed.
How to create a PayPal account in NZ?
Creating an account with PayPal is simple and takes just a few minutes to set up. The best part is that it is completely free.
When you open the payment webpage, you need to click on the Sign In button and then click on Sign Up.
Here you will be asked some information such as Name, Email Address, Physical Address, Date of Birth, Bank Details, Credit or Debit Card Details, Phone Number, and others as well.
You will also be asked to create a password that you can use to log in to your account later.
You will also be required to verify your information by providing Proof of Identity and Proof of Address such as a scanned copy of your passport or your driving license in NZ.
What fees does the PayPal charge?
PayPal does not charge anything from the players to create a PayPal account. However, they charge a small number of fees when depositing or withdrawing payments at any platform in NZ, including online casino depending on the total amount.
When you deposit the virtual gaming, there won’t be any charges levied on you as most of the time, the virtual gaming itself pay the charges incurred by its players.
However, when players withdraw the amount from online casino to their Payment platform account, there may be a small fee charged depending on the amount of money that has been withdrawn.
These fees are universal and not just on virtual gaming transactions.
On the virtual casino page, the players need to choose PayPal as a payment option. Then, they need to enter the amount that they want to transfer and click on the deposit button.
They will then have to verify their account by entering the Payment platform email address and the password.
Click on submit, and after the transaction, they will receive a message that the deposit has been made.
To withdraw funds to their bank account in NZ, players need to go to the withdrawal page and select PayPal option.
On the page, they need to enter the amount they want to withdraw. They have to make sure that they read the terms and conditions before approving the withdrawal.
They will be able to track the withdrawal on their Payment platform account.
Payments with PayPal in online casinos
When you pick virtual gaming to play at, you need to find if the casino accepts PayPal as a preferred mode of payment.
Most of the top online casino games are powered by a few reputed software providers such as Microgaming, Playtech, and RTG.
While Microgaming and Playtech accept Payment platform deposits and withdrawals, one can find it difficult to find a casino that uses RTG software which accepts PayPal.
Advantages of PayPal
There are plenty of advantages to using PayPal at a virtual casino. Here are some of the top benefits that you enjoy by using Payment platform withdrawal and deposit option at an online casino you love –
• It is easier to use than other payment methods. All you have to do is choose the deposit, enter the amount, and it is done. You can check the transaction in your account instantly.
• It uses a robust and un-hackable system that make it quite secured than another kind of payment methods at these platforms.
• Payment platform has excellent customer service support that can help solve any issues that the players face within a short period.
• Most of the online casino out there offers lucrative welcome bonuses to their players choosing Payment platform as their preferred payment option.
• The processing time of deposit and withdrawal at these gaming platforms is quickly allowing the players to start playing immediately without any waiting time.
• All of the financial data are protected by Payment platform and the banking details are never shared with any third party, including the online players are playing.
• Payment platform automatically applies currency conversions directly at the current exchange rates if needed in the market when they are withdrawn into a bank account.