PayPal Bingo Sites: Frequently Asked Questions and Answers
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Best Paypal Bingo Sites Games
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.