Paypal Starts to Allow Gambling Transactions

[Westland Bowl]

(From Gambling IQ website) Online payment processing service PayPal UK has altered its nearly ten-year-old policy of not allowing gaming transactions by allowing players to now utilize its services at one of the top online casinos 32Red.com.

PayPal stopped allowing online gaming transactions in 2002 due to fears that it could be impeached in the United States but 32Red.com has just turned out to be the most recent of more than 75 online gaming sites where players are able to deposit and withdraw funds utilizing the payment processor.

More than 70 million people across the world use PayPal and it is quickly turning out to be well-accepted amongst online casino players as a method of depositing money. 32Red.com set a minimum withdrawal and deposit amount of ten pounds, Euros or dollars while other currencies are presently not available.

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Great news! For non-US players!

 

[catrina m]

Sell it on ebay and gamble away.

Maybe the US will be allowed to utilize it.

I buy and sell on ebay regularly, and use it on most websites I shop at. Paypal is actually the way I pay for everything except gambling and it would be nice to lose the Quicktender fee's.

 

[Jasminebed]

Paypal is so widely accepted, I'd love to use it for gambling. A survey company I do surveys for recently switched to offering payments to paypal...most payments are only $5, and I usually wait until I have two or three cheques before bothering depositing. I've not been asked to participate in a paid study recently, and I suspect it is since I haven't registered for paypal. And my daughter won a contest on Facebook (mousehunt) and they paid to paypal. I pay $2.91 and then $14 from my bank for incoming wire transfers from Moneybookers, payments back to a paypal account would allow me to spend smaller wins online for books, cds or gifts without incurring such fees.

I saw it available on the pop-up at 32Red. Good news as far as I am concerned.

 

[me_and_ed]

No Canada or US Paypal gaming transactions allowed.

 

[Jasminebed]

No Canada or US Paypal gaming transactions allowed.

Thanks for the info me_and_ed

I guess I got all excited over nothing. Might still open one anyway. Anyone know if you can fund Paypal from Moneybookers?

 

[Cassa]

That is interesting to know. When I first started gambling online I emailed & asked the casino if they took paypal & never received an answer, I guess now I know why. They could of replied tho as not everyone knows everything

 

[GrandMaster]

Why is this news now? Paypal allowed gambling transactions in various European countries several years ago.

 

[chayton]

I seem to recall that when I first opened my Ladbrokes account they had Paypal listed as a deposit option, when I signed up it wasn't there and when I asked they said it wasn't available in Canada. But it's possible they still have it in the UK...?

 

[chayton]

Anyone know if you can fund Paypal from Moneybookers?

Not easily, this is something I've been researching lately too. There are brokers online, but they'll take up to 25% - I personally don't trust any of them. Also I've heard that both Moneybookers and Paypal are so concerned about money laundering that if they find out you're transferring money from one account to another they will actually close your account.

I do freelance work and I get paid to Paypal usually - I pay a percentage on payments I receive but then when I transfer to my bank it only costs me like 50 cents or something like that on any transaction under $100, anything over $100 it's free. With moneybookers whoever pays me has to pay the fee, but then I get a $14 charge from my bank when transferring $ from Moneybookers.

 

[SlotKing]

I can pretty much guarantee PayPal will never be available for use in the US and Canada for gambling because its owner (eBay) is vehemently against online gambling. Why, I have no idea... but I do know that they were one of the major players in trying to get that god awful UIGEA passed.

Let's hope they reverse course... but when (if) they do, I would love for it to flop in their face because their customers got spurned years ago when they stopped it in the first place.

 

[Westland Bowl]

Why is this news now? Paypal allowed gambling transactions in various European countries several years ago.

The article said that Paypal stopped in 2002 processing gambling transactions but recently Paypal has opened up to UK online casinos. Perhaps the article should have made it clearer that it was talking about UK casinos in particular.

I can pretty much guarantee PayPal will never be available for use in the US and Canada for gambling because its owner (eBay) is vehemently against online gambling. Why, I have no idea... but I do know that they were one of the major players in trying to get that god awful UIGEA passed......

I believe the US government (IRS in particular) has Ebay freaked out about reporting on it's (Ebay) sellers and the amount of sales those sellers do. Ebay has been trying to change it's business model into that of mass sellers (businesses) versus Average Joe selling his used items or antiques and collectibles. So they changed the policies for selling against the small seller, i.e. the seller no longer can provide negative feedback on the buyer; making it harder to collect from a non-paying bidder, etc. Ebay appears to be trying appease the IRS and government so they wanted to appear to be proactive against money laundering too that supposedly exist in some parts of the online gambling world....just like WMDs existed in Iraq. JMO.

 

[GrandMaster]

The article said that Paypal stopped in 2002 processing gambling transactions but recently Paypal has opened up to UK online casinos.

"Recently" meaning about 3 years ago. Hardly breaking news.

 

[luckyzb]

PayPal Debit

I am an online writer who is paid solely through Paypal. I have a PayPal Debit Card (Mastercard) and I've been using it at several casinos for the past year. It depends upon the card server used by the casino and whether or not the words "casino" or "gaming" will show within the merchant name. SuperSlots, VIP Slots, Alladins, Cherry Red and more will accept the PayPal Mastercard (and vice versa). If you have a PayPal account, simply order a Debit Card through the PayPal site.

 

[jetset]

Several major European gambling groups have quietly signed on with PayPal, which has been around the European scene for several years as has been noted earlier here.

There was a quote from PatH at 32Red that I saw recently advising that they had achieved PayPal accreditation but that the dd process had been really tough - the toughest they had experienced, I think he said.

I can still recall some high ranking knob in the PayPal or eBay structure in the States writing to Congressmen and sucking up to them by applauding their UIGEA moves and encouraging more of the same. Prick.