PayPal Access Increases At Bingo Sites

PayPal is a popular online payment processor that offers an alternative to traditional paper payment methods like checks and money orders. PayPal accounts can be funded using debit or credit cards. PayPal offers shoppers and merchants complete payment and deposit services. In the UK and Europe PayPal is the preferred deposit and withdrawal method at internet bingo sites. All transactions are secure and PayPal has an impeccable record of processing transactions accurately and quickly.

PayPal has been a beneficiary of the recent internet bingo boom. There are over three million regular internet bingo players in the UK and a clear majority of these prefer PayPal as a payment processor. During the past two years most UK sites have added PayPal as a deposit and withdrawal option. Unfortunately PayPal is not an option for American internet bingo players thanks to draconian anti online gambling legislation passed five years ago. This has forced American players to come up with highly creative funding options and has also put American players at the mercy of payment processors with no established track record.

A recent survey showed that many online bingo players are still not comfortable using their debit and credit cards online. The internet is full of malware and Trojans specifically designed to steal banking and personal details for the purpose of identity theft. For about three years the Zlob and Zeus Trojans have been wreaking havoc and both were designed to steal banking information. Internet threats have made PayPal a popular option for online shoppers and internet bingo players. PayPal uses state of the art technology to block hackers from accessing any financial information.

Another reason for the popularity of PayPal among internet bingo players is fast cash out times especially when compared with bank transfers and debit cards. Internet bingo sites using PayPal are able to process ingoing and outgoing transaction in a matter of minutes. PayPal accounts can easily be linked with player’s personal bank accounts for even more convenience. PayPal also offers debit and Visa cards that can be used to play internet bingo. More and more bingo sites are adding PayPal as a finding and withdrawal option. Hopefully in the near future US law will change and American players will be able to use PayPal at their favorite internet bingo sites.