PayPal has slowly but steadily moved into the UK and European online gambling market. They have recently tied up with the online bingo group St. Minver, which was bought out by the gaming giants GTECH.

St. Minver has a number of bingo sites in the UK and operates in an extremely competitive market. The deal with PayPal gives St. Minver an edge over the other rival online bingo sites.

PayPal is a recognised and popular payment for all online business transactions, used widely by many people. PayPal acts as a traditional “middle man” between the online gaming site and the player.

The customer needs to give all his personal financial details to PayPal on setting up an account. The player thus shares the information with only one site and does not need to risk sharing his details with a host of other unknown sites. As his information is registed in PayPal, once he has an account, he need not give his details again and again on different sites.

Another benefit of using PayPal is the easy and quick transactions. Users will be able to monitor and access their funds as soon as their payments are processed by the online bingo paypal sites. Having a PayPal also has other benefits as most of the sites are offering a welcome bonus for just making initial deposits using their PayPal accounts. The long wait to withdraw the game prize money is also a thing of history, as PayPal account holders can easily transfer the winnings from their PayPal account to their bank accounts.

Signing up for a PayPal account is easy and hassle free. You will only need to verify your bank account and address. Once you have registered, you can transfer funds to your bingo account from your bank account using PayPal. You can also apply for a PayPal credit or debit card. As PayPal is one of the safest modes of online fund transfer, bingo’s acceptance of PayPal makes it a winning combination.352

The acceptance of PayPal by online gambling sites is an indication of the position enjoyed by gambling in the UK.

Unfortunately there are no US bingo sites which accept payments from PayPal. Players in the US will currently have to use alternate payment options until the laws of the country permit online bingo sites to accept PayPal as the one of the modes of transaction.