A multitude of online bingo sites are lining up to ready for the reintroduction of popular payment gateway Paypal for bingo online payments and transactions for their customers. Paypal (owned by eBay) is one of the world’s largest and most secure paymen processors worldwide. Online bingo room Virgin Bingo is one of the first bingo rooms which are now accepting Paypal.
A change in Paypal policy which will allow online gaming sites to use the company for payments once more is a good illustration of how far the Paypal’s stock has recovered since it was ditched by most the online gaming sites due to worries about PayPal’s sustainability. There can be no doubt of the company’s sustainability now – with over 200m users and revenues of over $600m – that’s a lot of people playing casino games.
The move has been been greatly welcomed by bingo players who use Paypal daily. The lack of Paypal on bingo sites has much been a thorn in the side for bingo players who are reluctant to use their debit or credit cards, or pay-as-you-go solutions to play online Bingo. Offering PayPal as a payment solution in gaming once again should bring more players into online bingo, resulting in more bingo room liquidity, and more value added games / tournaments and promotions for betting bingo players