PayPal is one of the world’s oldest and most popular online payment solutions for individuals and businesses. It can be used to pay for goods and services at millions of trusted online merchants.
You can also use PayPal to send and receive money to and from anyone else with a PayPal account. Additionally, PayPal can be used to buy, sell, and hold legitimate cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).
Here is a closer look at why PayPal expanded into the online gambling market.
Why did PayPal expand into the online gambling market?
The main reason why PayPal expanded into the online gambling market, known as the iGaming industry, was pure and simple: growth/revenue. Players were looking for APMs (alternative payment methods) because they didn’t like using or storing their credit or debit card details on a website.
Digital wallets (e-Wallets, electronic wallets, and web wallets) like PayPal have become the ideal solution to facilitate payments between licensed gaming sites and players.
Anyone over 18 in New Zealand can now use PayPal to deposit funds into the preferred online casino account and then use this same trusted method when the time comes to withdraw their winnings.
What are the safest PayPal-accepting iGaming sites for people living in New Zealand?
If you check out Time2play’s overview of trusted NZ online casinos that take PayPal, you can find the latest information about several trustworthy NZ online casinos. Examples include the following fully licensed and regulated iGaming sites:
- 1XBet – 86/100 (expert rating), with an 86% Playscore
- PlayZilla Casino – 85/100 (expert rating), with an 87% Playscore
- ExciteWin Casino – 87/100 (expert rating), with a 75% Playscore
- Bet and Play Casino – 90/100 (expert rating), with a 79% Playscore
- Casino Days – 87/100 (expert rating), with an 86% Playscore
- Just Casino – 88/100 (expert rating), with a 77% Playscore
- Joo Casino – 88/100 (expert rating), with an 86% Playscore
- LeoVegas Casino – 93/100 (expert rating), with a 96% Playscore
- Wallace Bet Casino – 84/100 (expert rating), with a 73% Playscore
These websites are controlled by some of the most reputable operators from the iGaming industry, and they are all fully licensed by renowned licensing authorities. You can find secure links to each casino’s welcome bonus inside the reviews on the official Time2Play website.
Why is PayPal the preferred payment method for online casino players?
PayPal is the preferred payment method for millions of online casino players worldwide because it’s easy to use, perfectly secure, reliable, and convenient.
Depending on the site, it allows players to deposit from as little as NZ$10.00 or NZ$20.00 instantly and is the perfect alternative to credit & debit cards, bank transfers, and prepaid cards.
However, the PayPal e-wallet still isn’t accepted everywhere, and for many years, players in certain jurisdictions, such as the US, couldn’t use PayPal at ANY licensed iGaming site. However, that has changed in recent years, and PayPal is now more widely accepted than ever.
PayPal works well on smartphones, tablets, laptops, and desktop computers, and it takes just a few simple taps or clicks to complete a purchase. When using PayPal at licensed NZ casino sites, for example, simply login to your account and head to the cashier/banking section to top up your account.
When depositing for the first time, you need to select PayPal as the payment solution you would like to top up your account with and then follow the easy instructions that appear on the screen for you to complete the transaction.
As soon as you confirm the amount, you will be redirected to the PayPal login page to complete the transaction. Your funds will then be sent from your PayPal account to your online casino account in the blink of an eye.
Withdrawals are generally processed within a few hours, up to 24 to 48 hours at most, depending on how busy the payment processing department is at the casino you are trying to withdraw from.
How do I know PayPal casinos in NZ are safe?
Today’s best PayPal casinos, especially the ones featured on the official Time2Play website – one of the world’s most trusted iGaming review sites, are controlled by some of the iGaming industry’s most trusted names with excellent reputations.
The sites are protected by SSL encryption software, and the owners are fully licensed to operate real money gambling services by one of several top-tier licensing authorities. In short, PayPal casinos in New Zealand rank among the safest iGaming sites in the world.