There can be no denying that PayPal is becoming one of the biggest and most respected online brands in Australia when it comes to money management. They’re all about convenience and are effectively the world’s market leader in terms of online financial transactions. Logically speaking, the fact that casino gaming is one of the largest online industries in Australia in spite of a lack of regulation would suggest that the two would go hand in hand as perfect counterparts. Players get a separate account to manage their gambling cash, while casinos will often find themselves absorbing lower fees than with many other payment methods.
However, the lack of regulation is pretty much the crux of the issue. PayPal doesn’t have the history or heritage of banks when it comes to cash handling and they make up for this through doing just about everything by the book. For a long time, the company didn’t want anything to do with gambling at all and it wasn’t just us Aussies that had to look elsewhere for funding and withdrawal methods. Their stance has relaxed somewhat and you’ll find that increasing numbers of popular casino brands have started to accept PayPal, including the likes of Royal Vegas and All Slots.
However, the aforementioned fact that Australia’s online casino industry is not regulated by the government means that PayPal simply does not want to get involved. This is in no way the fault of the casinos. To be brutally honest, we doubt that they are too bothered about how cash gets in and out of their funds and if they were able to make PayPal available for account management then we’re pretty sure that they would do so. However, just like casinos like Royal Vegas can opt to work in unregulated markets like Australia, the same can be said of PayPal itself. They’ve opted out for the reasons mentioned above, so the short answer for those looking for an Aussie PayPal casino is that you won’t find one at the moment – it’s all but impossible due to the requirements of the company itself.
So, the chances are that if you’re reading this feature that you’re the kind of player that wants to play at online casinos, but aren’t too fond of the idea of depositing and withdrawing with your credit card. Fortunately, PayPal is by no means the be all and end all of your options and some similar services are not only compatible with online gambling, but often associated with it more than any other service. The popular online wallets such as Skrill, formerly known as Moneybookers, work in almost exactly the same way and casinos are not only more than happy to allow players to manage their finances with such services, but have been doing so for years. Some will even offer players the chance to receive a percentage bonus on deposits made with such services just because of the benefits that they receive from working with such a payment method.
You’ll find options like Skrill and POLi, another popular choice among Aussie players, at every one of our featured casinos. You may even find yourself gravitating away from PayPal for other transactions as while these digital wallets and other services aren’t quite as widely used, they are more than capable of carrying out the same functions.