Whether you’re a seasoned online bingo player or just starting out – one of the main factors that you need to consider when joining a new bingo platform is your preferred payment method.
In the vast majority of cases, players in the UK opt for a traditional debit/credit card to get money in and out of a bingo website. However, other methods such as PayPal are slowly but surely becoming more and more popular.
In its most basic form, a PayPal bingo site is like any other online bingo website, albeit, the platform allows players to deposit and withdraw funds using the highly convenient e-wallet PayPal. As a result, you can still enjoy all of the same bingo games that you currently play.
However, often unbeknown to online bingo players – PayPal deposits and withdrawals are significantly more favourable in comparison to conventional payment methods like a debit/credit card or bank transfer.
How do PayPal deposits work?
When it comes to using a PayPal bingo site, you will first need to open an account. This works in much the same way as a traditional bingo website, insofar that you will need to enter some personal information. This, of course, includes your full name, home address, date of birth, and telephone number. You also need to choose a username and enter a strong password.
However, it is the deposit process that takes a slightly different twist. When you enter the banking segment of the bingo website, you will need to enter the amount that you want to deposit, and then click on the PayPal button. You will then be redirected to the PayPal website via a pop-up box.
If you already have an account with PayPal, you simply need to enter your login credentials. PayPal will then ask you if you want to use your PayPal balance to pay for the deposit or use one of the payment methods you have linked to your account.
As soon as you confirm the deposit, the pop-up box will close and you will be taken back to the bingo website in question. Your funds will be credited to your bingo balance instantly, and you can start playing straight away!
To clarify, PayPal deposits do not cost anything.
How do PayPal withdrawals work?
As seamless as the deposit process is, the overarching benefit of using PayPal at a bingo platform over its traditional debit/credit card counterpart is the speed at which you receive your winnings. For example, when using a debit/credit card to withdraw funds, the processing time is usually between 24-48 hours.
Once the bingo platform does get around to authorizing your withdrawal request, you will then need to wait 1-3 working days for the respective bank to credit the funds back into your account.
For those of us that want access to our bingo winnings as quickly as possible, this most probably won’t suffice. However, the good news is that PayPal withdrawals are significantly faster. Firstly, e-wallet withdrawals are usually processed by online bingo sites within a few hours. Secondly – and most importantly, once the bingo website does process your PayPal withdrawal, the funds are then transferred into your e-wallet account instantly.
In even greater news, once the funds do arrive in your PayPal account, you can then withdraw them back to your linked UK bank account instantly. The reason PayPal is able to facilitate this is that they are partnered with the UK’ Faster Payments Network.
Furthermore, not only can you withdraw your bingo winnings from the platform in question without incurring any fees, but PayPal withdrawals back to a UK bank account are also free.
The Bottom Line?
In summary ─ if you’re looking for the ultimate end-to-end online bingo experience, then you are best advised to use PayPal as your preferred payment method. You’ll benefit from instant and free deposits, as well as withdrawals that typically takes just a few hours to reach your account.
As an added bonus, PayPal also offers you an extra layer of security. The reason for this is that you are not required to enter your debit/credit credentials into the website of your chosen bingo platform. Instead, you simply need to enter your PayPal login credentials, and the e-wallet will take care of the rest!