Since the need for alternative payment methods has grown in the online gambling industry due to popular demand, there have been an increasing number of bingo sites that accept PayPal cropping up on our search engines. Since PayPal is already a popular “e-wallet” when it comes to online e-commerce purchases it is the perfect fit for bingo players as it’s likely that they may already have an account that they can use.
There are over 179 million PayPal users across the world which gives you an idea of the scale of this particular payment option. PayPal accounts can be created online quickly and without any hassle. Initially you will need to register your bank details and billing address, and as soon as you have done this – it means that all you need to remember would be your sign in details when transferring funds on a bingo site. This means you would no longer need to give details of your bank or credit card to bingo sites which is sometimes a preferred option for more cautious players.
Advantages of PayPal
The main attraction of PayPal is that you are completely guaranteed against fraud which means any payments you make using this option are 100% safe and secure. Of course it’s also a big time saver, there is just one set of log in details to remember as opposed to all of those numbers on a bank or credit card means you can get your bingo fix quicker. Another possibility is for your PayPal account to be credited with funds if you sell something on eBay for all of those eBay fans out there who act as sellers.
Disadvantages of PayPal
Although there is a huge amount of PayPal bingo sites out there – you do need to check to see if it is an available option as it’s not on every one. You can normally find this out simply by scrolling to the bottom of site where all of the logos of available payment methods are generally displayed.
Alternatively, it can be found at the cashier or in the terms and conditions. The main concern for people looking to create a PayPal account is that since it’s a private company and not restricted by banking regulations, this means that they can freeze your account without prior warning if they feel that it may be subject to fraudulent activity which could potentially make it difficult to retrieve funds or credit the account with funds.
Anything to Watch out For?
As a standard rule you should always check out the terms and conditions of any bingo site before joining it, but particularly if you are electing to use an alternative payment method like PayPal.
All brands and networks are different so it’s important to make sure you are familiar with all options. A couple of things to look out for would be whether or not your funds will be withdrawn to your PayPal account or your bank card. Another option could be that they send you a cheque which could also incur an administration fee. Other than that, there aren’t really any other complications using PayPal on a bingo site.