NJ Online Casinos That Accept Paypal
PayPal has finally entered the New Jersey online casino market.
WSOP.com, 888, Caesars Casino and Harrah’s Casino now accept PayPal as a deposit option.
Withdrawals via PayPal are available to players that use the method to make a deposit.
New Jersey PayPal online gambling sites
- Deposit Bonus
New Jersey casino sites accept PayPal as a withdrawal option to players that use it to deposit. The option will appear in the cashier after a successful deposit is made.
Funding a PayPal casino account
PayPal accounts may be funded through a variety of methods.
Unlike other U.S. eWallets, PayPal users may receive transfers from other members. A PayPal account can also be funded through a bank transfer.
PayPal also accepts credit and debit card deposits from Visa, Mastercard, Discover and American Express. PayPal funds deposited using a credit or debit card may not be used at a New Jersey online poker or casino site.
Withdrawing from a NJ online casino using PayPal
PayPal members may withdraw using a bank transfer, PayPal debit card, or check by mail.
There are no fees when using the bank transfer option. Other methods have a small fee attached.
All of these options are available to New Jersey online poker and casino players. If you are outside of the United States, we recommend checking the PayPal betting sites list at Legalsportsreport.com.
Background: The launch of PayPal in NJ
In what arguably amounts to the biggest news in regulated iGaming since New Jersey launched its first wave of sites in November 2013, PayPal was listed as a depositing option on WSOP.com in Nevada in September 2015.
New Jersey followed shortly after.
PayPal acceptance a victory for U.S.-regulated iGaming
The introduction of PayPal payments lends increased credibility to legalized gambling in the United States.
Until now, PayPal has adopted a strict stance against gambling transactions, not only prohibiting them, but blocking users that made even the slightest allusion to gambling when transferring money to other users.
Other upshots include:
- Provides a highly viable and trusted alternative payment method to players who have struggled to deposit funds via Visa/MasterCard or eCheck.
- Further differentiates legal NJ online casino sites from their unregulated counterparts.
- Over 50 million U.S. residents already own PayPal accounts. For them, the use of the processor will require little in the way of external efforts.
- PayPal accounts can be funds in myriad ways, including Visa, MasterCard, Discover, American Express and checking accounts.
- WSOP.com does not charge players for making a PayPal deposit , or at least that’s what WSOP’s customer service team informed me.
…but it’s not a catch-all solution
It should be noted that players hoping to deposit via PayPal must wield a PayPal account that is linked to the same email address as their WSOP.com account. This may prove to be a challenge for players who created PayPal accounts several years ago, and changed their primary email address since.
Secondly, it at least appears that players must have a Personal account to make a deposit. Attempted use of Premier or Business accounts resulted in an error.
Implications for Caesars Interactive in New Jersey
Caesars/888 online casinos rank lowest among New Jersey sites in revenue.
The operator generated $1,786,640 from online casinos in July 2015, approximately one million less than perennial powerhouses Resorts, Mohegan Sun, Golden Nugget/Betfair, Borgata/Party and Tropicana/Virgin.
Caesars also ranks lowest among NJ online poker networks, although the gap is closing. Last month Borgata/Party outgunned Caesars by a slim 9 percent margin.
While it’s unlikely that the inclusion of PayPal will suddenly vault Caesars to the top of the heap, it should improve revenue by a material degree. That said, the window of opportunity will likely tend toward the smaller side, as other operators will undoubtedly be chomping at the bit to add PayPal to their own payment options.
Looking forward, PayPal’s stamp of approval may push the envelope in states considering passing iGaming legislation, as it grants increased reassurance that legal gambling sites are secure and trusted places to transfer funds.
That, and PayPal’s addition all but guarantees that operators will generate more tax revenue for state coffers than they would otherwise.
The history of PayPal and U.S. online gambling
PayPal has vast experience processing payments for the online gaming industry. It was the top processor for these types of deposits and withdrawals until 2003 when it was acquired by eBay,
It was forced to settle with the U.S. Attorney’s Office in 2003 after it was accused of processing illegal gambling payments. That cost the company $10 million just months after it was acquired by eBay.
eBay and PayPal are once again separate companies. The two split up into different entities in 2015.
In 2010, PayPal took a more cautious approach when it reentered the online gaming payments market. The company started processing payments for gaming sites that were licensed to operate in their jurisdiction. These companies are all based in Europe.
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