There are many bingo sites that uses Euro as currency

Written by Super User on . Posted in Poker Games

Most online bingo players in the United States, are still forced to play at offshore bingo sites thanks to federal laws prohibiting banks and credit card companies from processing any transactions related to online gaming. Because of this, American players must often convert currencies. The most common currencies used at most online bingo sites are the Euro and the British Pound. There are some online bingo sites that still welcome American players but since the gaming site seizures last year the number has declined. For example, the World Bingo Network, based in Central America, shut down all of its online bingo operations overnight.

There are still some sites licensed in the European Union that accept players from the US but jackpots are denominated in Pounds or Euros. Most online bingo players pay little attention to currency exchange rates but they should. Volatile Currency exchange rates can affect how much players actually win. Unfavorable rates can cost players dearly if they are not paying attention. Fortunately there are several free currency converters available online that provide players with the latest up to the minute exchange rates. One of the most popular currency converters is the XE Universal Currency Converter. The XE converter is very easy to use and can provide current exchange rates for most currencies. It is well designed and extremely user friendly and quick.

There are a few online bingo sites that offer games in several currencies, but these are rare. Exchange rates can be a double-edged sword. During the height of the recession, the Euro fluctuated wildly, and has traded as low as $1.25 and as high as $1.41. The current Euro rate is about $1.31. The British pound is trading at $1.58. Players should be aware that most banks and credit card companies charge a fee for converting currencies. Some credit card companies charge very high rates for transactions involving other currencies. Since online bingo in most cases is a relatively low stakes game exchange rates will probably not affect players all that much.

As has been mentioned, there are several online bingo sites licensed in the EU that welcome players from the United States. At these sites, players can find some great deals including a bingo deposit bonus, free bingo games, regular promotions, VIP programs, Loyalty schemes, cash back offers and several player perks. Players in the United States should always check to make sure they are getting the best exchange rates possible.