Bingo is one of the oldest games of chance and it is amazing how it has endured the test of time for so long.
Many countries around the world used to establish state lotteries and fund their budget from selling bingo tickets. Today, the rules of the game are the same, but some of the technical options have changed.
The aspects of safety, game graphics and payments have all witnessed a certain advance in their field. Therefore, it’s not surprising to see bingo games decorated with graphic design themes.
Plus, bingo sites had to improve their security measures due to the legal obligations and licensing requirements. Nevertheless, one of the most revolutionary and quite applicable areas involves payments.
Online bingo sites have introduced various payment methods, both for depositing and withdrawing in order to make the experience more enjoyable. Now, the favorite hobby of thousands of people is available at the click of a button. The latest payment option which online bingo sites have brought to their players is PayPal, one of the best online payment systems.
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Aside from PayPal, bingo sites offer other payment options to their players. These include credit cards, debit cards and direct wire transfers as the most popular ones.
- Recommended Online Bingo Sites accepting PayPal:
- Frequently Asked Questions
- What is PayPal?
- Do I need to set up a PayPal account in order to use it on my online bingo site?
- How will I be able to place money or withdraw my winnings from bingo sites?
- Does PayPal charge any fees for such money transfers?
- Is there any safety guarantee for these PayPal transactions?
- Will I be able to play bingo on mobile with the PayPal payment method?
- Are there any PayPal alternatives?
- Is it good if a site offers PayPal options, or it doesn’t make any difference?
- Which are the main issues I might encounter if I choose PayPal?
- How long does it take for PayPal to process a single transaction?
- PayPal Bingo Sites and Their Legal Requirements
PayPal may be new in online bingo, but it has existed as a system on the market for nearly two decades. However, there are many bingo players who don’t know a lot about it. Still, these questions might be enough to get you started with online bingo games.
PayPal is a company which offers online payment services through a technology known as e-wallet. This company allows its users to transfer their money to any site which is connected to PayPal services. It is extremely popular all over the world, mainly because of the systems’ excellent functionality.
This e-wallet has recently been included into even more online markets, including the gambling industry. That is how bingo sites introduced PayPal as one more payment option for their players.
Yes, you are going to need a personal account for all your transactions on your chosen bingo site. But there is no need to worry. The process of singing up for the account is done on the PayPal website and lasts just a couple of minutes. You will need to input an email address and some personal information, like phone number, city, and postal code. The next step invites you to type out your banking information. After that you may choose to enter another card or bank account or simply end the sign up. These cards and bank accounts will allow you to deposit money into your PayPal account, as well as withdraw money from it.
Deposit and withdrawal options are more or less the same across all bingo sites. The only difference is the payment method that you have decided to use. If you choose to go with PayPal, you need to have some money in your account. In order to do this, you simply need to choose a credit or debit card where you normally keep your money and transfer some of them to the PayPal profile.
Most bingo sites tend to have a ‘cashier’ or ‘deposit’ button on the homepage. You can click it in order to set this e-wallet as the preferred or default depositing and withdrawing method. After that, you only need to write down the exact amount you would like to transfer into your PayPal account.
In general, PayPal doesn’t charge any fees, especially not for payments. But if you decide to use your credit card, there might be a certain fee. Plus, if there are any withdrawals from foreign currencies, the conversion is also chargeable.
Nevertheless, users don’t really complain about any of the fees imposed by PayPal. The same can be said for online businesses like bingo sites which pay a certain amount in order to have PayPal as a payment option on their website.
The software provided by this company is one of the top-notch in the world. It uses a 128-bit encryption which can be found in renowned and well-established financial institutions.
In any case, your PayPal experience should not be influenced by any of these safety requirements. On the contrary, these services are usually encouraged to add something extra in order to maintain simple, yet high levels of security. A PIN code is one of the primary offers, especially for mobile users which may choose to use it instead of a password when logging in.
The PayPal payment method is not only adapted, but it is also specifically constructed to fit multiple platforms. In this line of thought, there is an appropriate website which functions perfectly with PCs, while mobile devices – smartphones and tablets – are fitted with an inherent mobile application according to the operating system they use.
Online bingo sites function much the same way, only they sometimes have a website which adapts to mobile devices or downloadable software for each of the platforms.
In any case, if your mobile device is equipped with the proper PayPal and online bingo options, you should have no trouble enjoying your favorite games.
Yes, PayPal is just one in a whole line of e-wallet systems which provide similar services. Some may be worse than PayPal, but there are several ones which could match its performance. For one, Neteller is quite dedicated to ensuring safe and secure transactions, while Skrill is all about simplicity and ease of use.
Hence, you may wish to go through your options instead of simply choosing PayPal. Some of these are pretty good and might suit your payment needs better than any other.
Any site which offers PayPal is not guaranteed to be 100% functioning. However, the sites that do offer PayPal are bound to be much more trustworthy than the ones that don’t have this option. Therefore, you might consider this payment feature as a type of user insurance, in case you’re not sure which bingo site to choose.
On the other hand, many excellent online bingo sites don’t offer PayPal due to justifiable reasons, such as legal restrictions, licensing jurisdictions and geographic locations. This does not mean that these sites are not reliable. Many of them rank in the top ten best online bingo providers, but they simply need to obey other rules which forbid the use of PayPal.
There are several areas which might be said to be problematic when it comes to PayPal. One of them is the majority of the states in the USA. Citizens and residents are strictly forbidden to use any PayPal services on online gambling locations. Plus, these online gambling sites are mostly offshore which means that they don’t meet PayPal’s legal requirements either.
The transfer fees can also be seen as a potential issue. They are normally low and insignificant, but it is important to be aware of them.
This service is able to process deposits and withdrawals almost momentarily. This means you should be able to see the effects of the transfer in just a couple of minutes.
PayPal has their own legal regulations, but it also needs to correspond to government rules. Therefore, it is understandable why it has banned US online bingo with the exception of the states Nevada and New Jersey. European countries, as well as Canada and Australia also practice PayPal transactions.
Each country has its own rules when it comes to using PayPal as an online money transfer system. Nevertheless, PayPal has its own set of regulations which apply to all its users. For example, it limits its services to gambling sites which are licensed and legal in the country where they are normally used. That is why offshore licensed sites cannot offer this payment option to its players.