Paypal is the world’s largest processor of online payments and has over 160 million accounts worldwide and Paypal accepts 17 currencies. Account holders can make online purchases, send money transfers and in Europe account holders can use Paypal to fund internet bingo and other online gambling accounts. In 2006 Paypal stopped allowing account holders to fund online gambling accounts because of the puritanical anti gambling stance of the United States. Last year Paypal decided to drop its anti gambling stance and now actively participates in the UK and European gambling sector. Paypal is probably the most trusted and popular ewallet service and has a well deserved reputation for fast efficient service. Unfortunately at the present time US bingo players are effectively prevented from using this popular ewallet service. Paypal offers protection for both buyers and sellers and has many security features to prevent fraud. In Europe Paypal is registered as a bank in Luxembourg and is regulated by the Luxembourg bank authority and consumers are well protected.

Paypal is extremely popular with UK internet bingo players. Most of the top names in online bingo accept Paypal including, Ladbrokes, 888 ladies bingo, Paddy Power and many more popular internet bingo websites. There are several websites that list all of the internet bingo sites that accept Paypal. Paypal users can take advantage of all the player perks offered by internet bingo sites. In the UK bingo providers are engaged in fierce competition to attract players and this has resulted in bigger bingo bonuses. Bingo sign up and deposit bonuses can easily double or triple a deposit. Although these bonuses cannot be withdrawn from a player’s account they can be used to stretch those hard earned bingo pounds or Euros.

In 2008 many US bingo players hoped that the incoming Obama administration would undo anti gambling legislation passed in 2006. A bill was prepared by Representative Barney Frank but the global recession was in full swing and legalizing online gambling was not a high priority for the US government. EBay, which bought Paypal, initially supported the anti gambling legislation but reversed course last year and allowed Europeans to fund online bingo, poker and other gambling related accounts. The move has been highly successful for Paypal. Should the US ever re legalize online gaming most industry experts say Paypal would acquire millions of new accounts overnight. Paypal is following the lead of many online companies that have softened their stance towards the internet gaming industry.