PayPal is one of the safest and most secure online payment systems in the world.
It is accepted as an online payment solution at millions of websites from all over the world, including a number of online casino sites in New Jersey.
PayPal operates in more than 20 markets and has close to 200 million active accounts worldwide. It allows registered customers to send, receive and hold funds in 25 different currencies around the world.
Essentially, PayPal offers individual and business users the ability to transfer funds electronically to complete any number of financial transactions online. Users can send and receive payments from online auction sites. They can buy and sell all kinds of goods and services. Plus, they can donate money to charity or receive charitable donations.
Now thanks to an agreement with a number of New Jersey online casino sites, gamblers on the NJ online casino sites that currently accept PayPal can use it to both deposit funds into their account and withdraw winnings from the site.
Which NJ online casino sites accept PayPal?
PayPal is accepted as a method of deposit by seven legal, regulated and currently operating NJ online casino and poker sites.
Depositing and withdrawing with PayPal
The first step to take when making a deposit on an NJ online casino with PayPal is ensuring the email address for both the online casino account and PayPal account are the same.
The second step is funding the PayPal account.
PayPal accounts can be funded through a transfer from another PayPal account. Plus, PayPal accepts direct bank transfers and several credit and debit cards, which includes Visa, Mastercard, Discover and American Express. However, PayPal charges 2.9 percent of the amount plus 30 cents per transaction on credit card deposits.
Plus, many NJ online casinos claim players may not use a credit or debit card to fund a PayPal account used to make a deposit at an NJ poker or casino site.
The third step is the easiest. Just log in to your NJ online casino account, click the “Deposit” tab, choose PayPal and follow the prompts to enter your deposit and account information.
NJ online casino players who deposit using PayPal can also make withdrawals using PayPal.
Is PayPal safe and secure?
PayPal is not a bank. However, it is licensed as a money transmitter, meaning the company is subject to some of the same rules and regulations that govern banks in the United States. This includes Regulation E consumer protections and the USA PATRIOT Act, which ensure your money is as safe with PayPal as it is with any bank in the US.
PayPal uses Secure Sockets Layer (SSL) technology to keep all of your personal and financial information safe. SSL is a type of encryption allowing the secure transmission of sensitive information such as credit card numbers, Social Security numbers, and login credentials.
When you use PayPal to deposit on a New Jersey online casino, the site will never see your credit card number or bank account information. PayPal helps keep all that sensitive personal and financial information secure.
If there is an issue with a deposit, PayPal offers Buyer Protection and Account Protection programs. These programs help solve disputes, prevent fraud, and provide an additional layer of protection for users if their money goes missing.
PayPal is one of the most secure ways to fund a New Jersey online casino or poker account.
Are PayPal funded NJ online casino sites safe?
All of New Jersey’s online casino operations are licensed and regulated by the New Jersey Division of Gaming Enforcement. Plus, they are owned, operated, or associated with brick-and-mortar casinos in Atlantic City in accordance with the law.
That means oversight from an arm of the State Attorney General’s Office and a trusted industry that’s been operating in New Jersey for more than 40 years.
Regulations are in place to guarantee the safety of all player funds and personal information. Plus, the games are tested for fairness.
PayPal serves as an added layer of protection on sites that currently accept it as a deposit and withdrawal method.
Is it legal to use PayPal at NJ online casino sites?
PayPal launched in 1998 and quickly grew to become the top payment processor for online gambling sites all around the world.
The company was bought by eBay in 2003 and after the U.S. Attorney’s Office accused it of processing illegal gambling payments, it decided to enact a strict no-gambling transaction policy.
PayPal and eBay also agreed to pay a $10 million fine to settle allegations they had aided illegal offshore online gambling sites.
The no-gambling policy stayed in place for the better part of seven years. Then, in 2010, PayPal moved back into the online gambling market for sites that were licensed and regulated in Europe.
PayPal was interested in working with online casinos, but only those licensed to operate where most of its users live.
Caesars Interactive Entertainment’s NJ online gambling sites struck a deal to start accepting PayPal in 2015.
Now, seven legal, regulated and reputable sites in New Jersey have been given the PayPal stamp of approval.
PayPal and NJ online casino site FAQ
Are there fees associated with using PayPal?
NJ online gambling sites do not charge a fee to deposit using PayPal. However, PayPal does charge a 2.9 percent plus 30 cents fee per transaction to add funds using a credit card or debit card. However, most NJ online casinos will not accept PayPal deposits funded using this method. There are no fees for funding a PayPal account by electronic funds transfer or directly from a bank account.
Can you deposit using PayPal without an account?
No. Players must create an account with PayPal to use it as a deposit method. Plus, the email address must also be the same as the one associated with the NJ online casino account. It is a quick and simple process.
Can you use a family member or friends PayPal account?
No. A PayPal account used to deposit at an NJ online casino site must belong to the account holder and share the same email address.
Why don’t I see PayPal as a withdrawal method?
PayPal will appear as a withdrawal option once a successful deposit is made using it.
How do I withdraw from PayPal?
Just like most NJ online casinos, PayPal withdrawal options include the same methods used to deposit funds. Additionally, users can request an electronic check and check by mail withdrawal options. Additionally, PayPal has a debit card that may be used at retailers that accepts credit cards across the United States and ATMs.
What are the advantages and disadvantages of using PayPal?
PayPal offers instant deposits with several funding options. PayPal funds can also be used for traditional purchases and eBay sales. There may be credit card deposit fees associated, which can be slower than other online payment processors.