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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. NJ online gambling sites do not charge a fee to deposit using PayPal.
However, PayPal does charge a 2. However, most NJ online casinos will not accept PayPal deposits funded using this method. There are no fees for funding a PayPal account by electronic funds transfer or directly from a bank account.
Players must create an account with PayPal to use it as a deposit method. Plus, the email address must also be the same as the one associated with the NJ online casino account.
It is a quick and simple process. A PayPal account used to deposit at an NJ online casino site must belong to the account holder and share the same email address.
Just like most NJ online casinos, PayPal withdrawal options include the same methods used to deposit funds. Additionally, users can request an electronic check and check by mail withdrawal options.
PayPal offers instant deposits with several funding options. PayPal also accepts credit and debit cards , but there is a 2. Plus, several NJ gambling sites claim they do not accept PayPal deposits from PayPal accounts funded by credit and debit cards.
NJ online casino or sportsbook players who successfully make a deposit using PayPal can also withdraw funds using the online payment processor.
PayPal is licensed as a money transmitter subject to many of the same rules and regulations governing US banks. As a result, your money is as safe with PayPal as it is with any bank in the US.
These programs help solve disputes, prevent fraud, and provide an additional protection. The government oversight is there, and the casino industry has been a trusted one in New Jersey for more than 40 years.
The sports betting industry is brand new, but is under intense scrutiny as the new kid on the block. Of course, the government has regulations in place that guarantee the safety of all player funds and the games and mechanisms are rigorously tested for fairness.
As a result, NJ online gambling and businesses and sportsbooks are totally aboveboard. PayPal launched in , and online gambling sites around the world soon became one of the online payment processors largest business partners.
Online auction site eBay struck a deal to buy PayPal in Soon after, the U. After that, the company instituted a strict no-gambling transaction policy.
This policy stayed in effect for almost seven years. However, by that time, governments around the world had started legalizing and regulating online gambling.
In , PayPal moved back into the online gambling market , acting as payment processors for licensed and regulated sites in Europe. PayPal proved once again to be interested in working with online gambling sites, but only if they were licensed and regulated by local governments.
There are now seven legal, regulated and reputable online gambling sites in New Jersey that accept PayPal. There are also five online sportsbooks that use PayPal as a banking option.
PayPal has credit card fees, but most NJ online gambling sites will not accept PayPal deposits from accounts funded by credit card.
There are no fees for funding a PayPal account by electronic funds transfer or directly from a bank account.
Players must create a PayPal account to use it as a deposit method. Plus, the email address must be the same one associated with the NJ gambling site or sportsbook app account.
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