PayPal Casinos

Initially tied to eBay, the PayPal online payment system eventually went on to become an economic giant in its own right. Today, there are over 200,000 live websites using PayPal in different countries, and just as many that redirect to one of these active users.

It’s that level of incredible popularity that has attracted the attention of the online gambling industry, and we can now see a substantial number of casino sites accepting PayPal. In fact, there are enough PayPal casino NZ websites for real money to make people wonder which one to choose.

Well, you’re in luck – we’re going to go over all the ins and outs of using PayPal for online gambling in NZ and feature some PayPal casino reviews.

Why Online Casinos Use the Paypal Payment System?

There are a few main reasons why casinos accept payments through PP:

• It’s immensely popular – as stated before, many people already use this platform, and the platform had over $15 billion in revenue in 2018 to back that statement up, so it makes sense to tap into an existing pool of potential players.
• It’s easy to set up – even if a person doesn’t have it, it’s easier to set up an account and play casino online with PayPal than with most other payment options.
• The transactions are secure and smooth – having a stress-free and effortless transaction is something that both the patrons and the casinos themselves will appreciate.
• The fees are fairly low – another incentive for people to gravitate towards this payment service is that the fees are reasonable and won’t affect the total balance much at all.
• It’s easy to transfer money to any other bank account – some casinos don’t offer many banking options, but a player can always make withdrawals to PP and then transfer their winnings to any bank of their choosing.

The bottom line is when you have such a secure and easy to use service at your disposal, why wouldn’t you use it?

What About Taxes?

When it comes to gambling, as far as the Inland Revenue Department is concerned, casual players don’t have to pay any taxes on their winnings. It’s only if you are considered a professional gambler, that is you don’t make any money outside of playing games like roulette and pokies, that you can be taxed.

As long as it’s all just a hobby for you, and you have another job, you don’t have to worry about any additional taxes.

Aside from the regular fees that you can expect from your PP transactions, there’s really nothing else you have to worry about eating into your profits. If you’re just having fun with some internet pokies or a few rounds of real money Blackjack, then you can expect to take home all your winnings.

Is It Easy to Make Deposits and Withdrawals via PayPal?

Making deposits PP is a breeze. You only need a username and password, and you can pay using your phone, and you are fully anonymous while paying.

In fact, one of the best things about it is the sheer speed at which you can load funds and start playing. It’s also incredibly fast to collect your winnings and start spending money like a true high roller. There’s a reason why more and more websites are adopting PP – it’s fast and easy.

We hope that we have cleared up any misconceptions you had about PayPal casinos, and given you some good options to choose form. There’s a lot to explore, and a lot more to learn, so go out there and start placing some serious bets.