PayPal Bingo SitesApril 2021
List of PayPal Bingo Sites online sites
- Katies Bingo
- Mirror Bingo
- Daily Record Bingo
- Zeus Bingo
- Barbados Bingo
- OK Bingo
- Lucky Pants Bingo
- Wink Bingo
- Viking Bingo
- Elf Bingo
- Dove Bingo
- Pizazz Bingo
- Mint Bingo
- Lights Camera Bingo
Summing up PayPal Bingo Sites by OhMyBingo
PayPal – A Look Back at its History
The electronic payment system on which PayPal is based was introduced in the United States as long ago as 1998, although it was then known as Confinity. The PayPal name was introduced in 2001, when Elon Musk took sole control of the new payment system he had co-founded with a small team of fellow entrepreneurs.
The new payment system was an immediate success – so much so that the service was floated on the stock market the following year, raising over $60 million. The foundation of PayPal’s success was the fact that it was a very convenient method of payment for settling transactions on the new internet phenomenon of the time – eBay. This online marketplace was taking much of the world by storm – enabling people from all over the planet to trade with each other without the need to meet or visit a real world store.
The main problem though was making payments. The old fashioned method of sending a cheque by post was intolerably slow when transactions could be agreed in seconds. Waiting for a cheque to arrive, then for funds to clear, and then finally despatching the goods was an very cumbersome way to do business. PayPal solved this problem by acting as a trusted intermediary, enabling (for a small commission fee) transactions to be completed almost instantly.
At the time of PayPal’s public flotation, around a quarter of eBay’s transactions were completed using the service, and almost three quarters of sales offered PayPal as a payment option. This reliance on the new electronic payment system cause eBay to step straight in and buy PayPal just a few months later, paying around $1.5 billion – not a bad profit for a few months’ work.
PayPal became in effect the default payment service for eBay customers, and the service went from strength to strength. This included attempts to diversify beyond its regular eBay market, which were also successful. This meant that PayPal became an online payment of choice, used much more widely that on just eBay, where it earned the vast majority of its early revenue.
This meant that in 2014, eBay took the decision to spin off the payment system so that it could be run in a more independent way and continue to find new markets. Today, it remains an independent company, listed on the New York NASDAQ stock exchange. Shares are valued at around $120 at the time of writing. Financial results for 2019 (the latest figures available at the time of writing) show around $18 billion in total revenue, an increase of 18% on the previous year, derived from well over $700 billion worth of transactions. These figures were derived from a total of over 12 billion individual transactions across the world.
PayPal is now a trusted online payment covering almost the entire planet, with over 300 million active account holders. It operates in more than 200 different markets across the world, and payments can be made in any of over 100 different currencies. It remains the online payment of choice for millions of people all around the globe.
How Does PayPal Work?
PayPal is really simple to use. All you need to start is an e-mail address. You just need to add a few personal details and come up with a secure password, and that’s it. You will then need to link your account to a debit card, credit card or bank current account.
Once these are added, you won’t be asked for these details again, not even when you use PayPal to make payments online. Instead, you just authorise payments by being re-directed to PayPal and entering your PIN. The payment to the online vendor is then authorised, and funds are withdrawn via your linked account. If you have the PayPal, app, you may not even need to enter your PIN.
There are no fees to pay for making payments. The only exception is if there are currency conversion fees to consider. Instead, the retailer or vendor receiving your payment pays a small commission charge. It’s all extremely secure: your payment or banking details are never sent to the vendor, and the transaction itself is also encrypted.
You can also make payments to individuals if you wish. All you need is their e-mail address or mobile number. The recipient will also need to open a PayPal account if they don’t have one already.
PayPal is now accepted by many online bingo and casino sites. In fact, it is one of the most popular ways of paying for play online, so look out for the PayPal icon whenever you need to make your deposits. You can find out if a bingo or casino brand accepts PayPal by checking the Deposit Methods link on any Oh My Bingo review.
Some More Info
Katie's Bingo is a purple and blue site featuring plenty of cutesy graphics and sweet offers. From 888, Katie's Bingo introduces manager Katie as the face of the site, with a little note from her to welcome players. The site has a tonne of bingo rooms and slot games to enjoy, with a friendly feel...
The Mirror is a familiar name in the UK as one of the most popular daily newspapers. Now The Mirror brings you a new online bingo site, The Mirror Bingo, which is sure to be equally as popular. You can read our review of this new Jumpman bingo site below.
Scots may be familiar with the tabloid the Daily Record, and now this brand has launched a bingo site! Daily Record Bingo is built on Jumpman Gaming software, and brings online bingo, slot games, casino, and fun promotions to fans of the newspaper and bingo alike. The site's colour scheme is red, white, and blue.
Step back in time and find yourself in Ancient Greece with this godly bingo site from Jumpman Gaming. Zeus Bingo is themed around- you guessed it- Greek mythology, and features stone architecture, including a building that looks a lot like the Parthenon.
Barbados Bingo is a sun-soaked beach of a bingo site from Jumpman Gaming. Players can enjoy the white sands and blue sea of this site as they explore online bingo, slots, and casino games, as well as exciting promotions designed to keep them entertained. Grab a drink in a coconut shell and settle in!
OK! Magazine is back with a new bingo site for 2020. Britain's favourite female magazine now brings you loads of exciting bingo rooms, tons of slots and fantastic promotions to help you get the most from the site.
Ooh la la! This site certainly catches the eye- Lucky Pants Bingo is a cheeky, cheerful place to play bingo, and the theme makes us chuckle! From Daub Alderney, this site guarantees great bingo games and plenty of slots to suit all kinds of players.
Bingo.games from Jumpman Gaming offers slots, casino, and of course bingo, all in a fun and warm site. Styled in pink and navy blue, the site is eye catching from the moment you land. It is easy to use and navigate, making it perfect for novice and experienced players alike. Promotions are also available to...
With its fun comic themed site design and generous welcome bonus, Wink Bingo is the preferred site for many online players. The site comes with a huge range of bingo and slot games, coupled with an unparalleled amount of promotions and freebies. Wink Bingo goes even further to entertain its members on its blog, which...
Viking Bingo from Jumpman Gaming is a Norse themed bingo site offering slots, bingo, and casino games. The site is beautifully designed, and the desktop homepage is impressive with moving features and a majestic Viking ship taking centre stage. There is a welcome offer for new players, promotions for existing players, and lots of games...
Elf Bingo from Jumpman Gaming is a magical fairytale themed bingo site. Blue and gold is the colour scheme, and the homepage features cute toadstools as well as the welcome offer and available games. The site has bingo rooms, hundreds of slot games, and casino games too, so players will find something to enjoy whatever...
Dove Bingo is a perfectly chilled place to enjoy bingo and slot games. From Jumpman Gaming, this pretty pink and blue site is relaxed and easy to use, but its games are all excitement from the get-go. Choose from a variety of bingo rooms, hundreds of slots, and even some casino tables, and explore entertaining...
Pizazz Bingo is an 888 bingo site that offers some great games alongside exciting promotions. There are treats such as free bingo and daily rewards available on the site, as well as a huge slot game selection.
Brand new from 888 Holdings, Mint Bingo has just launched! Like a breath of fresh air, this new site from 888 brings to the table hundreds of great slots as well as tonnes of bingo rooms. 888 are renowned for their wide choice of bingo, as well as their free bingo, and Mint Bingo delivers!
Purple and gold are the colours of Lights Camera Bingo, a glittery, glamorous site from Jumpman Gaming. The site has a huge games catalogue, including lots of bingo rooms, and hundreds of slot games. Players can browse the catalogue easily using the filter tools or the search function. The promotions on the site look exciting...