When it comes to paying for your items on the internet or depositing and withdrawing from various accounts there are countless ways for you to do it, but one of the most prevalent is PayPal.
Websites that Take PayPal
There are a variety of new bingo sites that accept PayPal as a form of payment. The list of websites available that use PayPal is near endless, so we singled out the best ones for you:
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What is PayPal?
Most people already know what PayPal is, but for those that have never used it before here’s a few of the basics.
PayPal is a secure payment method for you to pay for items, deposit and withdraw from various online PayPal bingo accounts.
How to Sign up?
PayPal is incredibly easy to sign up for, all you have to do is go on to the PayPal website, select ‘Get Started’ then just create your account following the onscreen instructions to create your own safe and secure account.
- Increased security when compared to using your card
- Transactions are made instantly
- You don’t need to pay any additional fees
- Withdrawals through this method are generally quicker than through cards
- You don’t need to share your details with the site
- If you’re playing on mobile you can log in with your fingerprint
- It’s easy to log in and check on your transactions
- There’s insurance in case your account is taken advantage of
- Some people think it’s less secure than a bank, as it isn’t subject to the same financial legislation as one
- Sometimes your account can be frozen if they suspect fraudulent or illegal activity
- Your card details are stored online, albeit on secure servers
- You have to remember your credentials to log in
- You can be targeted by scammers attempting to get your log in details
Although PayPal tends to be popular because other overwhelming positive attributes, there are other payment methods available.
But for argument’s sake we’re going to compare another equally popular method of depositing into your account.
There are quite a few Paysafecard bingo sites out there. Paysafecard is a method by which you purchase vouchers either online or from a vendor that provides them. Essentially they work as a form of token, you put money of any amount upto the total of £100 into your voucher and then using the unique sixteen digit code that comes with your voucher you can then spend it how you like.
The downside of this form of payment is that the money isn’t stored online, all the details are on the vouchers. Which of course can be lost or stolen and when they’re gone, your money is then gone forever.
You can apply for a replacement voucher with a new sixteen digit code on it, but if you don’t act fast enough your code could be used by someone else and then you really won’t get your money back.
Phone Bill Payments
This is another alternate payment method that has been getting more popular recently. To use it, players register their phone number and then make payments that are added onto their phone bill. This means that you don’t actually have to pay for the deposit until the time that your usual bill is due.
There are caps on what you can add to your account with this method though, as you’re generally capped at around £30 a day. If you’re a budget gambler this won’t cause an issue but if you want to play more then you may prefer the vast limits of PayPal.
The largest disadvantage to making a phone bill payment is that you’re not able to withdraw. We’d love to see this added in future but technically speaking it’s probably not going to happen.
Playing Neteller bingo isn’t quite as popular as PayPal, though we are seeing more sites accepting this payment method. It’s not as trusted as PayPal either, as people are often reluctant to try a new eWallet service.
As far as the actual method of paying goes, Neteller and PayPal are very similar. Neteller comes with the added advantage that you can generate a prepaid card through them, so you can top this up and use it on sites that don’t accept it. They also have their one tap feature, which is similar to the same service on PayPal, which keeps you logged in to make transactions at the touch of a button.
|PayPal||Paysafecard||Pay by Phone Bill||Neteller|
|Can you withdraw?||Yes||No||No||Yes|
|Are there limits?||No||Yes – denominations go up to £150 per voucher||Yes – Usually £30 per day||No|
|Can you check your transactions?||Yes||No||Yes||Yes|
|Do you need a card to use it?||Yes||No||No||Yes|
To sum up, PayPal is definitely the way forward when it comes to making payments and withdrawals online. It follows the three cardinal rules of using money online: it’s fast, it’s safe and it’s easy to trace.
PayPal is the way of the future for online finance manipulation and the more bingo sites that accept PayPal are launched the better, because when it comes to managing your money nothing else is better than PayPal.