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PayPal is widely considered one of the safest and most secure online payments systems on the planet. It is accepted as a method of payment on millions of websites.
Plus, despite an on-again-off-again history with online gambling sites, PayPal is now accepted at several online gambling sites in New Jersey.
PayPal is truly worldwide. It operates in more than 20 markets, in as many as 25 different currencies, and boasts up to million active users.
These users employ PayPal to send, receive, and hold funds. PayPal users can send and receive payments for online auction sites, and buy and sell all kinds of goods and services all over the internet.
Now, thanks to a softening in its policy in regards to online gambling, and an agreement with a number of New Jersey online gambling sites, NJ gamblers can use PayPal to deposit funds to play with and withdraw winnings.
PayPal is now accepted as a method of deposit and withdrawal by seven different legal and regulated online gambling sites in New Jersey.
NJ sportsbook apps are a new breed in the online gambling market. However, they too have included PayPal as a deposit option. However, it is a work in progress for the majority.
First, users must ensure the email address they use for the NJ online gambling site account or the NJ online sportsbook and PayPal are the same.
Second, the user must make sure there are available funds in their PayPal account. PayPal accounts can be funded through a transfer from another PayPal account or direct bank transfer.
PayPal also accepts credit and debit cards , but there is a 2. What NJ online casinos offer PayPal as a banking method in ?
The list is a long one. See our table below for a list of the opening bonuses at some of these top sites. Learn more about all of the deposit and cashout options at NJ online casinos here.
The newest online gambling sites in New Jersey, sportsbook apps are still working out kinks in deposit options. Below are the sites that currently offer PayPal:.
A PayPal account can also be funded through a bank transfer. PayPal funds deposited using a credit or debit card may not be used at a New Jersey online poker or casino site.
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All of these options are available to New Jersey online poker and casino players. The first online sportsbook appeared in New Jersey in August However, it is licensed as a money transmitter , meaning the company is subject to some of the same rules and regulations that govern banks in the United States.
SSL is a type of encryption allowing the secure transmission of sensitive information such as credit card numbers, Social Security numbers, and login credentials.
When you use PayPal to deposit on a New Jersey online casino, the site will never see your credit card number or bank account information.
PayPal helps keep all that sensitive personal and financial information secure. These programs help solve disputes, prevent fraud, and provide an additional layer of protection for users if their money goes missing.
PayPal is one of the most secure ways to fund a New Jersey online casino or poker account. Plus, they are owned, operated, or associated with brick-and-mortar casinos in Atlantic City in accordance with the law.
Plus, the games are tested for fairness. PayPal launched in and quickly grew to become the top payment processor for online gambling sites all around the world.
The company was bought by eBay in and after the U. The no-gambling policy stayed in place for the better part of seven years.
Then, in , PayPal moved back into the online gambling market for sites that were licensed and regulated in Europe. PayPal was interested in working with online casinos , but only those licensed to operate where most of its users live.
Now, seven legal, regulated and reputable sites in New Jersey have been given the PayPal stamp of approval.
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