• The approval of PayPal gambling payments
• PayPal’s stormy online gambling history
• Parting from eBay, reuniting with casinos
During the past week, PayPal has silently returned to online gambling in the US. Numerous outlets reported about the online payment operator’s step, which is rather interesting considering their history. PayPal was always present on the EU gambling market, but since 2003 they were absent from US casinos. Preceded by some rumors from 2014, the banking company is now finally back to gambling in the States after parting from eBay. As stated by Fortune.com, payments by PayPal were approved in four online gaming destinations.
According to a PayPal spokesperson, this is only “a pilot program to support four leading real money gaming operators.“ As put by their official policy “PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal.” In order to win the company’s approval, the providers are obliged to prove that their services are blocked in the states where online gambling is illegal. PayPal prohibits any transaction through sites that don’t fit their particular requirements.
PayPal’s headquarters in San Jose, California
Basically, it doesn’t matter whether the online or are already lawful, without the company’s authorization their players cannot use PayPal gambling payments for games of chance nor games of skill, casino games, sports books or sports betting, horse or greyhound racing, person-to-person betting, lottery tickets, gaming machines and gambling-related ventures.
PayPal’s tempestuous history with online gambling
After ebay’s merger with PayPal in 2002, all payments for items and services intended towards Mature Audiences were forbidden, including online gambling. The ban was justified by PayPal stating that the “management feels that exiting the adult business with a clear and consistent policy is the best decision for its business.” We should keep in mind that back then, PayPal gambling payments were really popular among online casino players so the sudden backtracking prompted a collective gasp within the community.
César Cuauhtémoc González Barrón is a Luchador Enmascarado (masked wrestler) and actor known best as Silver King but has also had an extensive stint as Black Tiger III, the third incarnation of the Black Tiger gimmick. He is the son of luchador Dr. Wagner and the brother of Dr. Wagner, Jr. González's son made his professional wrestling debut in...