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If you connect directly to your bank when you make a payment funds will be withdrawn from your bank and deposited on the bingo site from PayPal. All you need to remember is your email address and password. Payments are made instantly and you are able to play your favourite bingo games right away.
PayPal is an e-wallet company that allows receiving and sending of money online, without having to provide your bank details to any third parties. PayPal has become a very popular choice for many people to make money transactions on the internet. It is very easy to set up an account with PayPal and you can link your debit/credit card and bank account directly. The risk of fraud is very low as PayPal uses a very complicated data encryption and high-end technology to keep all user information safe. PayPal is extremely flexible and most online bingo sites accept it as a payment method.
Using your PayPal account for bingo sites transactions is very easy and it is also very fast and secure for making payouts and receiving your bingo jackpot winnings straight to your bank accounts. So, you avoid providing payment details to a third party. PayPal are far ahead of any company in ensuring that all your personal information and account details are safely guarded.
PayPal is extremely fast, so instead of having to continuously enter credit or debit card details, all you need is to remember your PayPal login details—you will be ready to make transactions online and on bingo sites. PayPal is completely free to use and there are no subscription fees. You will also be able to keep track of your spending too.
You can use it in 203 different countries in more than 26 currencies.
When you use paypal you are covered by “buyer protection”. This means PayPal protects you against purchases that aren’t as described.
Through personal experience they generally go out of their way to protect buyers over sellers.
With PayPal, even new bingo sites are some of the most secure to play online because you won’t need to depend on the site only to keep your financial details safe, but you can trust PayPal as well to keep your finance details safe and protected from being stolen.
PayPal protects your credit card statement from online gambling sites like bingo sites. One more thing, you won’t need to fill in lots of different credit card information to make a deposit, but all you will need are your username and password.
When you make a deposit to a bingo site using PayPal you generally have to withdraw funds using the same method you first deposited. Which means you will be forced to withdraw any winnings back into your PayPal account.
If you wish to spend this money “off line” you will need to withdraw the funds back into your bank account from PayPal which can take several days to a week. There is also generally a charge to your bank for withdrawing these funds.
Although PayPal is an excellent payment method for online bingo, not all locations are supported and many online bingo rooms do not accept PayPal in the United States. So by using PayPal you may be limited to specific rooms.