Alternative Payment Methods at PayPal Bingo Sites
It’s worth weighing up the alternatives before setting up a PayPal account. Bingo sites with PayPal also offer a wide range of other payment methods, in many cases including rival e-wallets. Check out the most common services available for bingo online payments below.
Not only can debit cards be used at any bingo site, but they’re always eligible for deposit bonuses, giving them an advantage over PayPal on two counts. Setup may be slightly slower than other methods the first time, but once you’ve saved your card details, depositing funds to your bingo account will take no time at all. The main downside with debit cards is the comparably slow withdrawals, which can take up to seven working days — unless the Visa Fast Funds option is available, which completes payouts in just a few hours.
If you’d prefer not to share your card details with the bingo site but are happy for your deposits and withdrawals to go out of your bank account, Trustly is an ideal alternative. It uses Open Banking technology to process payments between the bingo site and your bank. To set up the payments, you’ll just need to log in to your bank using Trustly’s secure portal. As no account is needed, it’s a quick and easy process and your details won’t be saved.
Skrill is another e-wallet that offers many of the same benefits as PayPal, such as fast withdrawals and the ability to buy and sell cryptocurrency. It also offers free international payments. You’ll often find one or the other is available to use, so many bingo sites with PayPal may not support Skrill.
With Skrill, your bingo account withdrawals will be completed within two days, and often much quicker. However, when it comes to moving money in and out of your Skrill account, fees are more likely than when using PayPal, depending on the method used. Still, you won’t be charged when using Skrill at a bingo site, and bank transfers in and out of your Skrill account are free.
Neteller is another popular digital wallet that tends to go hand in hand with Skrill — as both are owned by the Paysafe Group, bingo sites are more likely to offer these two services rather than a combination of Neteller and PayPal. Again, using Neteller is more likely to incur charges than using PayPal, as fees are applied when depositing and withdrawing funds to your Neteller account with certain payment methods. Nevertheless, Neteller is free to use for deposits and withdrawals to your bingo account, and you’ll once again have access to lightning-quick payouts.
What’s more, with Knect, Neteller customers can earn points as they make transactions. These points can be exchanged for a variety of rewards including gift cards and discounts with participating merchants.
If setting up a PayPal account and downloading the app seems like a hassle, a super simple alternative for depositing funds into your bingo account is a prepaid card like Paysafecard. These can be purchased in shops and loaded with funds in denominations from £10 to £100. There’s a 16-digit code located on the card, which is all you’ll need to set up the payment. The downside is you usually can’t use this service to withdraw funds, so you’ll need to set up an alternative when it’s time to cash in the chips. Paysafe, the parent company that runs the service, also owns Neteller and Skrill.
AstroPay offers greater versatility than PayPal in that it functions as both an e-wallet and a provider of virtual prepaid cards, giving you multiple options for depositing to your bingo account. Like Paysafecard, the prepaid vouchers are a great way to help budget your spending, but you won’t have to go to a shop to purchase one. And if that wasn’t enough, like PayPal’s Mastercard debit card, AstroPay offers a Visa debit card that can be used anywhere Visa is accepted.
Like other e-wallets, PayPal supports the ability to buy, hold, and sell cryptocurrencies. Some online casinos and bingo sites allow players to deposit and withdraw funds using crypto coins like Bitcoin, Ethereum, and Litecoin. All you’ll need to set this up is a crypto wallet, which doesn’t necessarily have to be a multi-functional e-wallet like PayPal.
Crypto transactions are fast and offer greater anonymity than some other payment methods. However, the values of these coins are much more volatile than fiat currencies, so it’s important to do your research before purchasing them, particularly if you plan on using them for gambling purposes.