PayPal Re-entering Online Gambling Industry in the US
In a move that could be very welcome by a lot of online players, PayPal has silently started processing payments for several online casinos in the US. This comes after more than a decade’s absence in the industry in which it was the number one processor back then in 2003.
The processor has been mull over the news with reports indicating that integration with several online gambling sites is just but a limited test run. These limited test runs are being conducted on 4 different sites which include Derby Games.com – a horse racing betting start-up and WSOP.com (World Series of Poker). Players in the US will effectively be able to sign up to the sites and then be able to deposit into their accounts using PayPal.
Paypal Absence Since 2003
iGamble Group provide unbiased reviews of the best gambling website that accept many different payments methods from the e-wallets, Credit Cards, Bank Transfer and Bitcoins. With re-introduction of PayPal in the industry players, this would provide even more convenience to US and International based players.
Owing to the complex nature of legality of online gambling in the US, PayPal took the drastic measure of halting its operations in the industry at a time when it was the preferred option by US gamblers and punters. Players were left to agonize on whether their checks would arrive safely or be inclined to use bank transfers which aren’t usually as fast and as convenient.
Currently few states in the US allow online gambling with Nevada and New Jersey among them but most of the states do allow fantasy betting – like fantasy soccer and fantasy football. This could be seen as the reason as to why PayPal has not been keen to provide any concrete response to the Media with regards to this latest development.
We can only wait and see if these ‘limited tests’ will be more than just that or they will turn out to be the beginning of something new but long overdue.
21 Oct. 2015, by Ari Waknine