Last Updated on November 17, 2023
PayPal is a name synonymous with digital payments, boasting a rich history since its inception in 1998. Renowned as one of the pioneering digital wallets, it has revolutionized financial transactions for countless individuals and enterprises worldwide. In the year 2000, PayPal expanded its offerings with the introduction of PayPal Credit, a service currently available exclusively to U.S. residents. Join us on a journey as we explore this payment method and delve into its application in the world of online casinos.
PayPal Credit, available exclusively to clients in the United States, functions similarly to a credit card. It offers the convenience of monthly minimum payments, which can either be made manually or set up to process automatically. Notably, this service does not impose an annual fee. It’s not just limited to purchases; users can also send money using this facility.
Despite its geographic restriction to U.S. clients, international users and businesses can still receive payments through PayPal Credit. A standout feature is the interest-free period of six months for purchases totaling $99 or more.
Sending money is another feature of this credit card, but it’s important to note that this transaction doesn’t come with financing options. The full amount has to be settled by the due date. Additionally, the costs and fees for such transactions are generally higher compared to those charged by standard credit card companies. PayPal Credit applies a variable interest rate of 23.99% on each purchase.
About Online Casinos that accepts PayPal
Top-tier online casinos have expanded their payment options beyond the conventional use of credit and debit cards. Among these, digital wallets have emerged as a popular choice for both deposits and withdrawals, with PayPal standing out as a leading option.
For players using digital wallets, many online casinos offer expedited financial transactions, including instant deposits and swift withdrawals. Furthermore, any online casino that accepts PayPal is equipped to handle transactions via PayPal Credit. Whether the payment is made through direct cash or credit doesn’t alter the transaction for the recipient, be it a business entity or an individual.
For those seeking in-depth banking details about their preferred casino online Canada, our comprehensive reviews provide all the necessary information, or you can directly visit the casino websites for more specifics.