💡 Fees for Deposits and Withdrawals at PayPal Online Casinos
While fees are rare when using PayPal to make deposits and withdrawals at online casinos in Canada, it’s worth going over the policies in place to better understand what you might encounter as a player.
First, you can rest assured that PayPal will never charge you a fee to make a deposit at an online casino. PayPal never charges the consumer for any commercial transaction, and that includes buying chips at casino websites. And while it’s not impossible that an online deposit might charge you a fee for depositing, this is extremely rare.
When it comes to cashing out, provided that there is no currency conversion involved, you’ll never pay a fee for receiving funds in Canada. In the case that you play at a site that converts your Canadian dollars to another currency, you may face a conversion fee of 4% or more, as well as a flat fee of $0.30.
Be aware that some casinos do charge withdrawal fees. While these aren’t common, they do exist and can vary both by site and withdrawal method. However, PayPal isn’t typically a cashout method that casinos will charge you for using.
Finally, if you’re ready to cash out from your PayPal account, you might face some fees based on how you wish to get your money. If you choose a standard withdrawal to a bank account, there’s no charge. However, PayPal will take 1.75% as a fee if you wish to make an “instant” withdrawal to get your money more quickly.