Fri, Apr 5, 5:49am by Mia Chapman
Last Updated Tue, Oct 8, 12:38am
PayPal is one of the most popular methods to transfer cash, accept payments and manage money online. Despite this, relatively few real money gambling websites advertise PayPal as a deposit or withdrawal option. Here, we will explain why this is the case, and why other payment methods are generally preferred at online casinos which accept Australian currency.
*Please Read – PayPal is no longer a viable option for Aussie casino players. If you’re looking for the easiest casino and poker deposit option, we strongly suggest you check out Bitcoin. It’s fast, safe and for the most part — completely anonymous. You can also deposit as little as $10 when you use Bitcoin. *
While e-wallet solutions such as Neteller and Skrill (Moneybookers) were set up especially to work with niche industries like online gambling, PayPal was designed first and foremost for business purposes. It has since become one of the most widely used online payment services in the world, notably at online shopping at sites such as eBay and Amazon.
In the not too distant past, PayPal deposits were accepted at many real cash gaming sites. Nowadays, however, very few Web casinos openly support PayPal transactions for the Australian dollar. This is due to the company’s very strict regulation policy with regards to international licensing.
There are two major points in PayPal’s operating guidelines which need to be met by online casino operators who intend on using the service as a means for players to transfer currency/funds to and from their playing accounts.
It is the second rule here which leaves Aussie punters on a sticky wicket, as it effectively eliminates PayPal as a deposit/withdrawal option for a huge number of online casinos, real money poker sites and other avenues for virtual gambling on the Net.
While gambling online is 100% legal for Australian residents over 18 years of age, it is against federal law to operate an Internet casino within our borders. Thus, it is somewhat of a tricky process for foreign casinos to get PayPal approval for Australian residents. Many Microgaming casinos have not yet gone through the process of acquiring PayPal as a banking option for Aussies, largely because there are other means such sites can offer without the stringent requirements imposed by PayPal.
While it may not be advertised or listed among the supported options when you go to either fund your account with Australian currency or cash out, some real money online casinos will make PayPal available upon request. In most cases this is only for withdrawals into one’s PayPal account, and will be offered (or not) entirely at the operator’s discretion.
Again, this is largely because Net casinos prefer to promote other e-banking methods which are not wrapped in red tape and prohibitive policies.
Thankfully, PayPal isn’t the only secure banking option on the market. Australians can choose from several Web wallets at our trusted online casino sites:
All of these options come with an exclusive 10% deposit bonus at our recommended Fortune Lounge casinos. Just enter the unique promo code (e.g. MONEYBOOKERS100) on your first real cash transaction, and you will get an extra 10% in free casino credits on top of your sign-up bonus.
To take advantage of this special offer, register today at Royal Vegas – our number one site for online pokies, real money blackjack, live dealer casino games, and much more.
Additionally, popular services such as Visa and MasterCard credit and debit cards, instant banking transfers and POLi are also available for all Australians to use as secure banking methods at our endorsed Internet and mobile gaming platforms.
So at the moment, while it is difficult for Australians to use PayPal to make deposits and withdrawals at certified Internet casinos due to specific regulations, there are numerous other options we can take advantage of that are just as safe and secure.
All our endorsed gaming sites use Secure Socket Layer (SSL) encryption technology and our personal details are not shared with any third-party companies.