Online bingo sites on the St Minver network such as Chit Chat Bingo are going to offer their online bingo players the option to credit and withdraw winnings from their online bingo account by PayPal.
The new PayPal payment option comes after GTECH G2 managed to secure a deal with the world’s premier e-wallet service provider which under the terms of the new agreement will allow their UK bingo partners to provide their online bingo players with a more secure and flexible payment and withdrawal option.
St Minver of course have some pretty big online bingo names under their service provider belt, along with ChitChat Bingo they can count prestigious online bingo names such as Ann Summers Bingo, Littlewoods Bingo and BingoJoy as clients, to name but a few. St Minver provides a complete managed gaming service to their online bingo site clients and although all offer a full range of ways for online bingo players to fund their accounts, the addition of PayPal is considered a major coup and will without doubt be good news to the majority of online bingo players who play the sites.
In a press release about the new deal GTECH G2’s Johan Berg said "This is a great opportunity for us as our worldwide lottery and gaming industry expertise is now coupled with the world's leading e-wallet solution in PayPal ". Mr Berg also went on to say that the new deal with PayPal will allow GTECH G2 to provide a better online bingo service to their licensees.
PayPal of course is famous for its connections with online auction site eBay, and with eBay reportedly suffering a current downturn in trade the addition of a new large account like GTECH G2 may be the financial medicine that PayPal are looking for. PayPal have shied away from online gaming sites since 2002 until more recently, in fact PayPal only offers an eWallet service to around 75 online gaming sites which is small fry when compared to Moneybookers which provides a payment service to in excess of 1,000 online gaming sites.
The reason for PayPal’s lack of interest in providing a service to online gaming sites could be something to do with the problems in the States with illegal internet gaming that has affected gambling sites like Party Gaming. However the rapid expansion and increasing popularity of softer gaming in the UK like online bingo sites could now have caused a corporate re-think. PayPal have over the past year signed agreements with some other big internet gaming names, and more surprisingly given their history of the legal problems in the States, Party Gaming is one of those that has been signed up.
The new PayPal service is expected to be available to St Minver sites including Yahoo and Bingo Joy from August.