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When it comes to making deposits and withdrawals with online bingo sites, there are often many different options to choose from. However, if you’re interested in using a convenient and modern method, a PayPal bingo site could be the right choice for you. This online payment method has become increasingly popular over the last few years an as more people use this e-wallet to make purchases safely on the internet, it is not surprising that many more bingo providers are now offering PayPal as one of their payment options. Simple and speedy to use, it is easy to see why so many players are also starting to opt for this way of depositing and withdrawing funds.
What are the Minimum and Maximum PayPal Deposits?
When you make a payment to any online bingo provider, you need to know how much the minimum and maximum deposit amounts are. When paying by PayPal, you still need to adhere to a minimum and maximum amount imposed by the website itself, however the good news is that the minimum amounts for deposits using this payment option is usually extremely low. Sometimes, the amount can be as low as £5, and this makes PayPal a good choice for anyone on a low gaming budget. There is also usually a low withdrawal amount too, often as low as £5 or £10. Some bingo sites also impose a maximum deposit amount, which could be around £500 to £1000 per transaction when paying with PayPal. PayPal deposits are processed instantly so you can start playing immediately.
Information About PayPal
PayPal was founded in 1998 in California with the original name of Confinity. It was launched on the stock market in 2002 and within its first day its stock had increased by over 50%. PayPal is perhaps best known as one of the most popular ways of making payment on eBay, however over recent years it has become more widely available and has become increasingly popular with a wide range of consumers. Now operational in 26 different world currencies and operating across 200 countries worldwide, PayPal has more than 150 million active customer accounts.
How do PayPal Bingo Sites Work?
Anyone who has ever used PayPal to make online shopping purchases will already be aware of how this method of payment works. It is a system which enables purchasers to make a secure and safe online payment without the need to reveal any credit card or bank account details to the bingo website in Ireland. A debit or credit card or bank account is linked to the e-Wallet account and then whenever a PayPal payment is used, the funds will be debited instantly from that card or account. One of the great advantages of this is that your banking details will never be revealed to the recipient of the payment.
How to Pay With PayPal at Online Bingo Sites
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What Are the Pros and Cons of PayPal as a Payment Method?
One of the greatest advantages of this method of making payments to online bingo sites has to be the additional layer of security and safety it provides. As there is no need to enter a credit or debit card number or bank account details into the bingo site itself, your financial information is well protected and you will also have greater anonymity. This is ideal for players who are keen to protect their privacy. Another benefit of choosing PayPal is its speed and simplicity. With no need to enter a lot of information such as security codes, expiry dates and card numbers, it is quicker to transfer your funds so you can begin playing more rapidly, and withdrawing your winnings is also much faster than by using other methods. There is a downside however in that not every bingo site will accept PayPal as a payment or withdrawal option. This can limit your options when it comes to choosing a bingo provider to play with. Luckily, most of the PayPal bingo sites in Ireland are among the most popular online.
Can PayPal be Trusted?
Safety should always be paramount when choosing a payment method for your online bingo, and PayPal is one of the securest methods that there is for making any type of online payment as there is no requirement to disclose any of your credit card or banking information to the operator, thus protecting you effectively from fraud. PayPal protects customer information through cutting edge technology including 128 bit SSL protocols. PayPal is also a regulated and licensed company with a banking license from Luxembourg that entitles them to be operational throughout Europe. They are also supervised and regulated by the CSSF (Commission de Surveillance de Secteur Financier) the banking supervisory authority in Luxembourg.
Avoiding PayPal Scams
While PayPal is well known for its security as a payment method, it is still important to be vigilant when it comes to potential scams. Phishing scams are especially common with this payment option, with links to a fake website asking for banking details, username and password. Remember that PayPal always uses the customer’s name when sending an email and therefore any generic email that purports to be from PayPal will be fraudulent. Also, an official PayPal email will never ask for your password or username. PayPal is an excellent payment choice for anyone who is keen to play bingo online, and as it is quick, safe and easy to use, it allows players to get more out of their gameplaying experience. By taking advantage of this swift and convenient e-Wallet, you can start playing more quickly and receive your winnings in a more timely manner.