Are you looking to play bingo on bingo sites that accept PayPal? We have all the important information you need to know about PayPal, as well as about how to use PayPal for online bingo.
What is PayPal?
PayPal is a fast, secure and easy way to send and receive payments online. You only need an email address to complete safe online transactions from your phone. Almost everyone around the world knows about PayPal and its services. Founded in 1998, PayPal has become one of the most used payment methods worldwide. It’s an e-wallet provider where you connect your credit card details to it and can withdraw funds if someone makes a payment to you.
Currently, PayPal operates more than 200 markets all over the world with more than 200 million regular users using the platform to send and receive money. PayPal is present in 25 different currencies and is a proud recipient of 20 awards from the internet industry and the business community.
How PayPal Works?
Being accepted and used globally, PayPal has become the most popular payment method both online and offline. It gives people the opportunity to make payments quickly without having to use a credit card. Basically, PayPal works pretty simply.
Signing up on PayPal is easy and doesn’t require you to add a bank account information, but might require you to do that later if you want to use other features of it. Firstly, PayPal will ask you to enter basic information such as your first and last name, address, e-mail address and phone number. After that, you’ll receive instructions on how to successfully verify your account. Once your account is verified, you can easily send and receive money online.
If you want to pay a deposit for a bingo game with your PayPal account, you can simply do that by choosing PayPal as a payment method when paying on a bingo site. When you set the amount you want to deposit and choose PayPal as a payment method, the site will direct you to a PayPal login page where you’ll have to log in to your PayPal account. Next, PayPal will ask you to review your payment details and after everything’s confirmed, you will be redirected back to the bingo site where you will be notified of the results of the transaction.
Why Use PayPal for Online Bingo
There are a lot of reasons to use PayPal as a payment method for online bingo. Here are the most important ones:
If you are using a card to fund your PayPal account, the card details are not transferred to the bingo site;
- Withdrawals to PayPal account are instant when they’re approved by the bingo site while approving the bank transfer can take a couple of days;
- PayPal has an application with which you can deposit at bingo sites even faster;
- PayPal is a secure payment method with which you can make safe transactions on bingo sites;
- If you deposited with your PayPal account, you can withdraw money to the same PayPal account no matter if the card you funded the PayPal account with is still valid.
One of the biggest advantages of PayPal is that it’s very secure, unlike other payment methods like credit and debit cards. PayPal is so secure due to its ability to do instant transactions that are a lot easier to track. The transactions on PayPal are processed on a separate and secure server, so if anyone tries to hack will face with a digital brick that keeps your details safe. Another great feature of PayPal is the option to have the transactions removed from the bill. However, despite its security, the best thing about PayPal is that there’s no transaction fee for using PayPal payments because the fee is covered by the website that you use.
Other E-Wallet Methods
If you’re looking for some e-wallet method other than PayPal, here are some ideas on e-wallets that you can use to deposit money into your online bingo accounts.
Apart from PayPal, PaySafeCard is a very popular e-wallet as well. It works by purchasing PaySafeCard vouchers and that’s the main reason why people choose this e-wallet. With these vouchers, your credit card details will never come in the hands of the Internet. You obtain the vouchers from a local store in the amount from £10 to £100. Then, log in to the bingo site, go to the banking section and enter the 16-digit PIN from the PaySafeCard voucher.
The Google Wallet is slowly growing its popularity as a secure form of digital payment. It’s a fast and simple way to pay on bingo sites that have it as an option. Also, it protects your payment with multiple layers of security.
Another great e-wallet is Neteller where you deposit money and then you can deposit the money at any bingo site that accepts the method. This payment method doesn’t have fees. The transfer of funds from and to Neteller account is pretty fast which makes this an attractive option for bingo players.