Historically PayPal has reframed from allow its merchants and customers from using PayPal’s payment processor for gambling transactions as the risk of disputes used to be high. However in recent years a few select brands including the likes of Ladbrokes, William Hill and Virgin were granted merchant accounts and able to offer PayPal because of their reputable status and this trend is growing with the explosion of reputable brands now available. For players there are some key advantages to using PayPal such as security measures, availability of funds and banking privacy.

Everyone knows that the least you expose your bank card details the less chance there is of fraud and it is advisable to use a eWallet such as PayPal for as many online transactions as possible, eliminating the necessity to trust every site owner and his dog with your card details. In fact, using PayPal makes transactions much easier since you don’t even need to have your card (and often card reader) with you to make transactions. Using PayPal makes it as simple as memorizing a password. There is also the added benefit of PayPal’s payment guarantee in the unlikely occurrence that a payment issue arises.

One other distinct advantage is the banking privacy that PayPal and other eWallets offer, allowing users to keep their transactions from bank managers and off their bank statements completely. Another point often overlooked by some people is the fact that banks can use the type of transactions processed in our personal accounts in order to profile us and determine if we are suitable for loans and mortgages. So it is best to keep gaming transactions away from your personal account completely and PayPal is a good way to do so.

There is another advantage of playing bingo with paypal in the UK that can be felt by eBay sellers that have funds in their PayPal accounts generated from sales and rather than transferring it to their bank account they can play bingo online.

In the past 12 months we have seen a lot of growth on the number of paypal bingo sites and bingo networks that accept PayPal. New bingo sites that take Paypal include all brands in the Joy of Bingo network including Wink Bingo, Bingostreet, Posh Bingo and Red Bus Bingo. The all new XBingo from the Mandalay Gaming Group was released offering Paypal as a deposit method. The whole GTECH G2 / St Minver network of bingo sites as of 2011 all now accept Paypal deposits, which include Littlewoods Bingo, Yahoo Bingo, Chit Chat Bingo, Butlin’s Bingo and some other smaller brands.

Based on the advantages it is advisable to find a good bingo sites that accept Paypal as a payment method.

Fantasy Bingo is a well read bingo portal containing reviews, news and information to help new players choose the best bingo site for their needs. Full details of paypal bingo sites and also bingo sites that accept all other deposit methods.