PayPal bingo is the most popular and convenient electronic payment method that customers can use in order to withdraw and deposit funds to and from their bingo accounts. Many UK bingo sites accept PayPal, as it is a fast and easy payment method that does not require you to provide your card details to the bingo site.
Best PayPal Bingo Sites
What is PayPal?
PayPal are an e-wallet that were formed in 1998. They are in fact the biggest online payment option that is popular across the globe. We have Elon Musk to thank for the launch of PayPal. The new payment service was very popular and expanded rapidly, so much so the company was taken public in 2002, launching on the New York Stock Exchange generating over $60m. The also rapidly expanding online marketplace eBay saw PayPal as the answer to handling payments between traders and customers on their site. eBay bought PayPal outright that same year for a cool $1.5m.
PayPal became the default option for eBay transactions, covering 75 per cent of all bargains struck on the site. Rival e-payment services by the likes of Yahoo, CitiBank and Western Union were all forced to close due to PayPal’s success. PayPal’s prosperity continued to grow under eBay’s owners, and by 2010, it was the world’s favourite electronic payment system. At the time, more than 100 million active customers from close to 200 countries were using PayPal, using a couple of dozen different currencies too.
In July 2015, eBay relinquished control of PayPal, making it an independent publicly traded company once more. Figures from 2017 show that PayPal now has nearly 200 million active account holders around the globe. This includes an incredible 20 million accounts held in the United Kingdom alone. The service is active in over 200 countries worldwide now. UK-based customers can use Pound Sterling, Euros and the US Dollars amongst upwards of 25 different currencies for their online transactions.
Fast-forward to 2020, and PayPal is used across a range of e-commerce stores and other platforms – far beyond just gaming. PayPal accounts can be funded in various ways, including by debit card, linked bank account or even by selling items via eBay. This means that you can deposit money at PayPal bingo sites without even having a credit card!
It is one of the most safe and secure payment methods that you can use. PayPal allows you to keep your personal details and your bank details private. PayPal themselves will hold this information; however other sites will only get to see your PayPal email address. You can make deposits from PayPal, and also withdrawals to PayPal.
Why Play At Bingo Sites That Accept PayPal
There are many reasons as to why you should consider PayPal as your preferred method of payment at bingo sites. There are a lot of bingo sites that accept PayPal out there due to the popularity of it, however not all will do this. The first thing you need to do is create a PayPal account. You can do this by visiting the PayPal website or via the PayPal app. Signing up to PayPal is completely free!
One reason as to why you should play at a bingo site which accepts Paypal is because they can provide instant deposit and withdrawals with no extra fees. This is a massive advantage of using PayPal over any other form of payment. There are a lot of e-wallets out there that can add a small percentage fee onto transactions made using that particular form of payment, however not PayPal. So, the amount you pay out and in, is the amount you will have.
The processing time of a payment is also a huge thing. Even card payments, which is considered the most common method of payment, can take days to process a transaction. For example, some card payments say that they will take up to 5 days for funds to reach your bank account once you have withdrawn them. These sites can have different terms and conditions; therefore, it is worth reading them, especially the payment section, which can tell you what methods are available and how long it takes to receive a payment.
PayPal do not let any old bingo site use their services. They make sure that the bingo site that accepts them, is safe and reliable to customers and is a lawful site. PayPal are only compatible with betting sites that are licensed under some sort of gambling commission, which ensures the safeness of its players. So, in the UK only online bingo sites, casinos, slots sites and other betting sites that are licensed under the United Kingdom Gambling Commission can be accepted to use them as a method of payment.
How to Deposit Using PayPal
Making a deposit with PayPal is so simple. Customers will not struggle at all with this. The idea of PayPal bingo is that not only will customers be able to make a deposit with ease, but also instantly, so they do not waste any time and can get playing straight away.
- The first step to making a deposit is in fact making an actual PayPal account if you don’t have one already. You can create an account for free over on the PayPal website. The sign-up process takes only a short while, the registration form is straightforward and there are also instructions for you to read. You will then need to verify your email address in order to confirm your account.
- Add your bank or card details to your PayPal account. You are in fact able to add multiple bank cards to a PayPal account. You can then deposit funds into your PayPal account if you wish, but you don’t necessarily have to.
- After you have done this, you can then log into your online bingo account and then head over to the payment section.
- Choose the deposit option, enter in the amount you wish to deposit and then choose PayPal as your preferred method of payment. You will then be taken to the PayPal screen, where you can enter in your email and password.
- You will then be asked to confirm the transaction, once you have done this, the funds will immediately be added to your bingo account and you can then use them straight away.
Withdrawing money through PayPal is a simple and easy process, it is what helps make PayPal so competitive. PayPal is in fact one of the fastest ways to withdraw funds form your casino account or betting account. A lot of people tend to use card payment, however this can take days for the money to reach your account, due to the bank security. However, PayPal can monitor payments faster and thereforde you could see the money there in your account instantly on some occasions. On other occasions, you could be waiting only a couple of days.
PayPal is an extremely safe method of payment and could possibly be the most safe and reliable form of payment that you could use at a bingo site, or any casino site for that matter. There are many reasons and positives to bingo sites accepting PayPal, which make them the best payment method in terms of safety.
PayPal do not share any of your customer details or payment details. It is simply a case of them only seeing your PayPal email. PayPal keep your bank details safe and therefore there is no way of anyone else but PayPal being able to access them. With payments being made instantly, it stops there being any issues with the payments, which is a possibility if you have to wait days for a transaction to be approved.
PayPal transactions do not appear on your bank statement as being sent to a bingo site, they will in fact just come up under PayPal. Which is great because it means that it could have been spent on anything that accepts PayPal, and not necessarily a gambling or bingo site.
PayPal on Your Mobile
PayPal bingo sites are also accessible across a range of mobile devices; this means that you can make transactions on your mobile device. PayPal also try to become more interactive with mobile devices by being able to use some of their unique features. A perfect example that we can use to describe this, is the new iPhones. They have a fingerprint scanner built into the device which allows you to unlock your phone and make payments through your phone, using your fingerprint (Apply Pay). Well, you can confirm a PayPal transaction on an iPhone using fingerprint recognition, which makes it more convenient and faster to make a payment.
Download the PayPal App
You can download the PayPal app across a range of mobile platforms. Whether you are on iOS, Android, Windows, or any other platform, you can head over to the App Store and download the app. It is a free download that doesn’t require much storage space at all. Once you have downloaded the app, you can log in and manage your transactions that way, sending and receiving money. It is more convenient and a faster way to access your PayPal account.
Advantages of PayPal
Throughout this page, we have established multiple advantages to using the payment method, PayPal, at bingo sites. Below, we have listed a range of advantages, so that you can have them all in one place and compare them up against other payment methods.
- Personal and bank details are kept safe, they are not exposed to any external source, even the site that you are depositing money onto.
- It can be sued on a range of platforms. Playing bingo with PayPal is becoming more and more accepted at sites, to the point where most platforms offer it.
- PayPal ensure that the site they are available on, are safe and secure. So, you do not have to worry about it being a scam when they only work with licensed sites.
- Instant deposits and withdrawals, the advantages of this speaks for itself.
Disadvantages of PayPal
There are of course some disadvantages that critics will state about PayPal. No payment method is exactly perfect to everyone. Here are some that you can relate to PayPal, which can certainly be an inconvenience.
- PayPal is not always an accepted payment method for claiming bingo offers. Some of these sites do in fact only let customers claim the welcome bonus using a card payment. This can be an off put of using PayPal and inconvenient.
- Not all sites accept PayPal. This is something that is being worked on, but if the site that you want to play at isn’t accepting PayPal, then this could be very annoying.
What other e-wallets are there?
PayPal are not the only e-wallet out there. There are a range of others that you can use. Some are just as accepted as PayPal, whilst others are not as accepted. These methods also have their own separate advantages and disadvantages. One thing to note is that these payment methods can also have the same disadvantages as PayPal.
Skrill is an example or a massively popular e-wallet that is not PayPal. Skrill is so competitive and is one of the biggest e-wallets across Europe. Just as many online bingo websites accept Skrill as they do PayPal. Payments can also be processed instantly with Skrill too. Neteller is very similar to Skrill. It also provides fast and secure payments, both for deposits and withdraw winnings. It is a reputable brand that is very trusted across the globe.
Boku is a very popular and efficient alternative method to use other than PayPal. Boku is very unique due to the fact that customers are able to deposit into their betting account from their mobile. This is a very innovative and easy idea. The way it works, is that customers use their phone bill to deposit funds, so anything you deposit, will be added onto your monthly phone bill contract or taken away from your phone credit. It is extremely easy and convenient. It means that you don’t need to have your card on you or waste time entering all of your details.
Ukash is another form of e-wallet that you are able to use on some casinos. It is not as widely accepted as PayPal, however it can come to some use for you. It was launched in 2005 and in 2014 it was acquired by Skrill, one of the biggest e-wallets out there. This is a system that uses vouchers in order to allow you to process payments. You use voucher codes to make deposits.
PayPal Bingo Sites: Our Final Thoughts
We would certainly recommend PayPal to our customers as a preferred method of payment, for a number of reasons. It is a very acceptable method of payment and if you’re looking for which online bingo site pays out the most, PayPal ones are up there with the best. There are a lot of sites accepting PayPal and if anything, this will continue to increase until possibly every UK bingo site does. It is so easy to use and so easy to create an account, you will actually find that you might prefer it to using card payments too. PayPal is an excellent reason as to why you could want to play online bingo.