Okay, so PayPal is back in bed with its online casino clients, but not just with any ole’ clients, no, only the most reputable, big name players like Ladbrokes and 32Red.
PayPal, the world’s largest internet payment processor is gradually inching its way back through the doors with online casino payment processor providers and shuffling into poker rooms as was announced by CAP News Wire on July the 27th. PayPal plans to do business with these award-winning sites as the future prospect of regulated US online gambling becomes more plausible.
Somewhat of a fair-weathered friend, PayPal was at one time the online gambling world’s payment preference, but following the company’s acquisition by eBay in 2002 the company pulled out because of what they believed involved legal risks in the US. But now, with more and more payment processing companies speaking out against the UIGEA’s restrictions and now with the Credit Union National Association speaking out at the UIGEA at last week’s Internet gambling hearings, the territory appears to be gaining more and more validation in support of online gambling.
Also, an agreement appears to have been reached between PayPal and Virgin Casino, Virgin Casino has confirmed that customers will be able to use PayPal to deposit funds and withdrawal winnings. PayPal was established in 1999 and has become the most trusted site for casino payment processing and money transfer services. The company is known for its speed of service and its stream-lined protection software designed to keep customer’s personal information private and confidential. As for palling around with PayPal, all it took to get back in the sack with online casinos was a little bitty nudge, and once again, the affair continues.
27 July, 2010