Best PayPal Online Casino Australia 2024

PayPal is a top-quality payment system that functions similarly to a digital wallet, enabling safe online money transfers. This method is good not just for gambling services when you want to play games at Australian casinos but it is also suitable for daily use.

But let’s get back to the times when playing at PayPal casino platforms was not the reason to use it. For starters, PayPal was launched starting out as a tiny business with a big idea: the developers wanted to come up with a way to make real money transfers safer and simpler. As you can see, over time, PayPal expanded and turned into one of the most reliable payment options available globally and for a whole range of purposes.

PayPal's simplicity of use is perhaps its greatest feature. It's also accepted at a huge number of online casinos with premium pokies, so you may use it to conveniently play the games you love.

Interesting facts

Here are some interesting facts you should know:

• PayPal is a company that was founded by a team of great entrepreneurs: Peter Thiel, Max Levchin, Luke Nosek, Ken Howery, and Yu Pan. The company was founded in December of 1998 in Palo Alto, California, USA.
• Currently holding the position of PayPal’s president, Dan Schulman is in charge of the company's operations and strategic planning.
• San Jose, California, in the United States is home to PayPal's headquarters, so all international operations and advances in online payment technologies are made from there.
• PayPal was purchased by eBay for $1.5 billion in 2002. It was able to grow and establish itself as the industry's top online payment provider through this valuable acquisition.

Fees

There are a few things to be aware of when it comes to fees and taxes associated with PayPal transactions at online casinos. First of all, if you're depositing or making a withdrawal in a currency other than the default currency linked to your PayPal account, certain transactions may be subject to currency conversion commissions.

Secondly, pokies casinos (even though few of them accept this payment system) usually don't charge fees but since commission amounts may vary, it's always a wise idea to check this information directly on the casino website.

And finally, winnings from gambling are usually not considered income in Australia so when it comes to taxation, this implies that you won't be required to pay taxes on any earnings you receive when you gamble, including winnings from online pokies.

Verification

Gaining access to extra services and ensuring security are two benefits of verifying your Australian PayPal account. Typically, verification involves connecting your account to a credit/debit card or bank account. In order to confirm your identity and allow you to make a PayPal deposit, the system may additionally request certain documentation, such as a photo ID or proof of address. You'll be able to access additional services and larger transaction limits after this.

However, you can still use PayPal for standard transactions such as regular sending and receiving of cash, even if you decide not to verify your account. However, your profile may have restrictions, such as lower transaction limits or a ban on taking money out of the account to deposit into a bank account.

Our verdict: although authentication is not 100% required, it does provide an extra layer of security and opens up further benefits.

Withdrawal speed

Processing time depends on both PayPal’s terms and conditions as well as casino administration itself, so when you pick a particular casino platform, you need to go to the Banking/Payments section and take a look at the specified time. These are the most common options you may come across:

• Instant processing. Online casinos with PayPal offer instant payment processing, so basically, this means you will get your real money withdrawn instantly or within a couple of minutes, tops.
• 24-hour processing. This is generally the most common option among Australian casinos. Most online casino platforms process PayPal transactions within 1 day.
• 2-3 days. A 2-3 day processing time is less common compared to the previously stated 24-hour processing, but you may well still find several casinos that will make you wait this long. So do be prepared that in some cases you may need to wait 2-3 business days for your funds to be delivered.
• Weekend delays. If for some reason paypal payments do not appear where they should be, don’t panic since this may be connected to weekend delays. It's important to remember that a lot of financial institutions, banks, and payment systems operate with fewer employees on weekends and public holidays. This is why withdrawal processing can be longer at these times.