27 Dec

Canada Online Casinos with PayPal Banking in 2020

Online Casino Canada PayPal – Four words that are creating a melting pot of secure iGaming perfection in 2020.

Canada Online Casinos with PayPal Banking in 2020

A long time ago in a cyberspace far, far away, the world was introduced to online casinos. People were entranced by this newfangled technology. They wanted to use it, but at the same time, they feared it. How would they get money into an account they could not see with their own eyes, touch with their own hands?

In those days, there was only one wholly trusted online payment processor. The first of its kind; an authentic pioneer of monetary technology; a true innovator in its field – PayPal. In a time when barely one-third of the modern world was accessing the internet, this company was molding the future; from its original contract with eBay, to its guaranteed insurance across all transactions.

PayPal gave casino enthusiasts the peace of mind they so desired to make use of this revolutionary form of gambling. But then, in a flash, it was gone. PayPal extracted itself from the iGaming vertical for fear of getting involved with an illegal activity; and understandably so. Rogue operations were flourishing in those days, leading the US government to outlaw the activity altogether. And since Americans made up PayPal’s largest market at that time, extracting their services seemed like the most appropriate quick-fix solution.

Unfortunately, this left players from other countries without the assurance they had so responsively relied upon. For years, that was the way of the industry, making room for other online payment processors like Neteller and Skrill (formerly Moneybookers) to fill the void. But as the years went by, and US states became more acquiesce to iGaming, those companies, too, fled from Canada; again, because the US market seemed more important to their bottom line.

The good news – the happy ending to this story – is that PayPal is back, once again serving the Canadian online casino community.

Online Casino Canada PayPal

Online Casino Canada PayPal – Melting Pot of Secure iGaming Perfection in 2020

Those four little words are woven together into the ultimate security blanket for Canadian iGamers. Once again, PayPal’s policies support online casino transactions, but only under the right circumstances. Don’t worry though – that’s a good thing. It is the company’s strict diligence in these matters that delivers the peace of mind we so greatly appreciate from their services in the first place.

PayPal Online Casino Policies

According to PayPal’s user agreement, the company prohibits certain transactions related to gambling. Their policy states:

PayPal prohibits transactions for gambling activities by merchants and account holders in the U.S. and any jurisdiction where gambling activities are illegal, and by merchants whose services are accessible to account holders in the U.S.

PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal. To be approved by PayPal, merchants must demonstrate to PayPal’s satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal.”

For Canadians, these statements can be somewhat confusing. Yes, we know US-based online casinos cannot promote PayPal. We know US players cannot use PayPal for online gambling transactions. We also know that PayPal refuses to facilitate transactions where online gambling is illegal, or with any operator that accepts players from a jurisdiction where gambling activities “may be illegal”.

The question is, how would this impact the Canadian iGaming market?

Isn’t Canada Considered a “Grey Market”?

Every online gambling guide on the web – including some of my own – calls Canada a “grey area” in terms of legal status. It’s not expressly legal (white market), nor is it expressly illegal (black market). Online gambling is considered legal here because its not expressly illegal.

According to PayPal’s own statements, jurisdictions where gambling “may be illegal” are not served. And yet, PayPal does serve Canadian online casinos – so long as those casinos do not accept US players. This stipulation proves that, according to PayPal’s indefatigable legal team, online gambling is not just a grey area of the law, but entirely legal in Canada.

Their policy goes on to state that merchants must be approved by PayPal in order to promote their banking services. Their approval process an arduous one, based on the company’s refusal to operate in any potentially illegal market, and that stance is no joke – as we all learned back in the day when PayPal said adios to the iGaming sector altogether.

Put all these ingredients together, and the melting pot produces one very uplifting dish…

PayPal Approval Provides Double Assurance

If n online casino accepts Canadian players, and lists PayPal as an eligible banking option, members get double the assurance that their experience will be a safe and fair one. First of all, PayPal investigates all operators to make sure they are on the ‘up and up’ before approving them to promote their services.

Secondly, PayPal has spent more than two decades building its reputation as the world’s most secure online payment processor, guaranteeing that funds will reach their destination safely and securely. So long as users follow elementary security protocols on their end, they never have to fear that their private information could be compromised.

Those four little words – Online Casino Canada PayPal – mean so much to our iGaming community. They aren’t word associated with too many internet gambling websites. Only about 8% of the industry qualifies. If you’re unsure where to begin, JackpoyCity is a great starting point, along with other well-known operators like LeoVegas, 888 Casino, William Hill.

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