Security and Transfer Time
When it comes to security, you should know that PayPal is a well-reputed company which uses SSL encryption but also provides you with a PIN authentication. The company also monitors transfer activities non-stop, making sure there’s no identity theft, email phishing or fraud. It is actually considered one of the safest ways of withdrawing and depositing in online casinos. As all of your personal data and transaction information remain fully encrypted and anonymous.
As for transfer time, as soon as you make a deposit on your preferred casino, you will notice that the money will be transferred right away. However, when it comes to withdrawing, you should know that it will take a few business days for your winnings to be transferred from the casino’s account to your PayPal account.
If you’re a Canadian or American citizen, you will not be allowed to transfer your funds to a Canadian or American bank account and withdraw your winnings due to the Unlawful Gaming Enforcement Act that these 2 countries have. That’s one of the reasons that PayPal isn’t the most favorite payment methode in the world of online gambling.