If you don't want to wait for ages to get your payment through on a bingo site, PayPal might be just what you need. With super-fast transfers and an easy signup process, it really is one of the most convenient payment methods. It's also quite popular and widely accepted – there are over 400 million registered PayPal accounts worldwide, and 56.2 million in the UK – and we'll go over the main benefits of playing on PayPal bingo sites and what to look out for.
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This digital wallet lets you quickly get started by just providing some basic personal information. However, you have to link your PayPal account to a specific debit card or a bank account if you want to make payments.
The biggest advantage is that this method has strong encryption and has proven to be highly reliable over the years, and you don’t have to leave your bank or card info on every website you play at. Apart from being secure, it also offers instant deposits, fairly fast withdrawals compared to other methods, and is incredibly easy to use.
Here is a quick comparison table that shows the main differences between playing on Pay by Phone Bill bingo sites and those with other common eWallets as their primary payment methods, vs bingo sites that accept PayPal.
Feature | Payment Method | ||
---|---|---|---|
PayPal | Pay by Phone Bill | Other eWallets (Skrill, Neteller) | |
Security | High (end-to-end encryption) | Moderate (linked to phone account) | Moderate to High (depends on provider reputation) |
Deposit Speed | Instant | Instant | Instant |
Ability to Make Withdrawals | Yes | No | Yes |
Fees | Low or none | May incur mobile operator charges | Possible transaction fees |
Anonymity | Partial (no card info shared) | High | Partial |
There have been many cases of sign up bonus abuse on online bingo sites recently, so it’s difficult to find any websites that still offer them for Skrill and Neteller users. However, as PayPal requires users to link their profile to a real bank account or card, this prevents such issues, and most bingo sites allow new players to collect bonuses using this payment method.
Jamie Wall Casino Analyst
Alright, now that you understand why this payment option is popular and what it has to offer, let’s look at some important things you’ll need to be careful about when searching for online bingo sites that accept PayPal.
While it’s generally convenient to use PayPal, there are a few points you should keep in mind to get the most out of it on bingo sites. Here are a couple of the biggest concerns.
If your account is not verified, there will be stricter limits on how much you can send and receive per transaction and per month, which we will cover in more detail later. Those who want to play on bingo sites that take PayPal may also find that some don’t accept unverified accounts, so you may want to consider taking the extra step and verifying it.
This shouldn’t be a problem for local players visiting sites registered in Great Britain, but some bingo sites that use PayPal may have a different default currency, e.g. the Euro or USD. In that case, there will be a conversion fee of 3% to 4% above the mid-market rate. That’s why you should always check and set the currency to GBP if available to avoid losing money on each transaction.
An added benefit of using this eWallet is that you have access to the buyer protection program that can reimburse the full price of goods and shipping if a product hasn’t been delivered or is faulty. However, this program isn’t available for PayPal bingo sites, so you’ll have to be more careful.
Although we’ve already mentioned that PayPal can process withdrawals quickly, the site you are playing on may have some downtime before releasing the funds. Unless you’re choosing bingo sites no wagering, you may have to wait one to three business days to see the winnings in your account. We recommend always checking the Terms and Conditions on each site to see what their withdrawal policy is like.
As long as you understand these potential limitations, you won’t have any trouble playing on bingo sites using PayPal, and the ones on our list are already vetted and trustworthy. Let’s go over some of our review criteria to give you an idea of what we value the most.
When our team starts researching, one of the top concerns is evaluating the available deposit options, but we look at much more than which bingo sites accept PayPal and if they have a UKGC licence.
The biggest ranking factors include:
Yes, fairness and transparency are important, but we also try to find the best payout bingo sites in the United Kingdom.
With that in mind, let’s see how you can set up and use PayPal to make effortless transactions.
Before you can make a deposit, the first thing you need to do is create a PayPal account. You can also verify it if you want to avoid transaction limits. We’ll take you through the whole process in a few easy steps:
Once you have everything up and running, you can start looking at different PayPal bingo sites. Here’s how the basic transactions work.
To start playing, you’ll need some money for bingo tickets, and this is how you can fund your account at the best PayPal bingo sites:
As you can see, it’s fairly easy, and at this time, you can also use a promo code if you have one. Promotions like no wagering bingo bonuses will be deposited into your account automatically when you log in for the first time.
One thing we have to note is that you should always check to see if you’ve met all the wagering requirements if you want to redeem any bonus you might have when playing with real money on bingo sites with PayPal. If you have been on a winning streak and are ready to collect, just follow these easy steps:
Of course, you should also keep in mind that there may be additional fees involved, and some limitations based on the type of account you have.
Once you sign up, you don’t have to proceed straight to verification if you don’t want to, but you won’t be able to make larger payments.
If you use an unverified account, there is a ~£3,4000 ($4,000) per transaction limit, and users have a specific upper limit on how much they can send per month that varies, but is clearly displayed when you log in. The withdrawal limits are £1,500 per transaction and £7,500 per month.
The verified accounts have a daily limit of ~£44,000 ($60,000) per transaction, which the platform might cap at ~£7300 ($10,000) in certain cases, and no monthly limit.
While still not widely available, there is an interesting PayPal Quick Registration feature on some independent bingo sites. It essentially allows players to log in using their PayPal account and avoid the usual sign-up form, which adds a bit of extra convenience.
Jamie Wall Casino Analyst
All in all, if you are just looking for some casual fun at bingo sites, PayPal works really well, as you have plenty of room to work with, even with the limited account, and it’s quite easy to set up.