PayPal Bingo Sites: Frequently Asked Questions and Answers

Q: What is PayPal?
A: PayPal is a very popular online payment system. As a matter of fact, it is the third most popular payment system in the world, falling behind Visa and MasterCard. It’s so popular, that most e-commerce websites offer a PayPal payment option.
Q: Is PayPal safe?
A: Yes. For any merchant or vendor wishing to offer PayPal payment options, there are strict rules and guidelines. One of the primary benefits of using PayPal instead of a credit card is that your credit information remains hidden from the end-user, in this case, whichever bingo site you decide to use. Every transaction carried out by PayPal is encrypted and monitored.
Q: What is their signup process?
A: Sign up could not be easier. Fill in the necessary information, such as your name, address, telephone number, email address. You will also need to provide a valid bank account and either a credit or debit card, and these will be verified before you can use your account. Assuming you have the above, it should not take more than 5 minutes to open a UK Paypal account for you.
Q: Does PayPal charge fees?
A: They do. But not in all situations. There is no charge to you when you are making a payment, however, under the following conditions fees are charged:
Currency Conversion. In any situation where currency needs to be converted, there will be a transaction fee between 0.4% and 7.4%, depending upon the currencies involved.
Money Transfers. When transferring abroad, expect to pay a fee of between 0.3% and 7.4%, again depending upon where the transfer is going.
Receiving Payments. When receiving a payment that was initially funded by a credit card, there is a per transaction fee of 3.4% + 20p, and who pays this fee is decided upon by the sender.
Q: Why bother with PayPal? I can just use my credit card at online bingo sites...
A: you may eventually decide on other reasons, but here are a few reasons why we feel that PayPal is a good option.
• Their Digital Wallet is user-friendly
• Using PayPal is a more secure option over using your credit card
• Speedy deposits
• the ability to use your funded PayPal account at multiple bingo sites
Q: What payment options does PayPal provide?
A: PayPal has a few different options:
• Digital Wallet
• PayPal access card
• PayPal app
Q: Do all bingo sites accept PayPal?
A: The ones listed above do, but only the most serious bingo operators are allowed to offer PayPal as their guidelines are more strict than other payment providers.

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PayPal is an online payment method that is considered one of the safest avenues to transfer funds over the Internet, hence, rendering it highly popular with bingo players.

PayPal's Development as an Online Gambling Payment Method

PayPal bingo sites are on the rise. PayPal now stands as the world's most widely used e-wallet. When online gambling was still fairly new, though, operators did not have the option of using it for gambling transactions, as it seemed too risky. Several years down the line, Internet gambling has become a properly regulated industry with a good reputation with large, trusted brands. Consequentially, PayPal has started opening its doors to bingo and other gambling operators, making it possible for players to have access to the simplest and most familiar payment method online.

Best Paypal Bingo Sites

Today, the bingo sites that offer PayPal as a payment option are those with valid EU and UK endorsed remote gambling licenses.