Posts Tagged ‘paypal’

Paypal moving back into online gambling market

Paypal moved away from online gambling when problems arose with UIGEA but now it wants back in.  Paypal have put together a deal with Neovia, where online gamblers will be able to pay by Paypal when using Neovia Netbanx payment system.  Paypal will not accept bets from players based in the USA.  Neovia is used by around 1500 gaming websites so should really give paypal a large market.  Neovia was rebranded in 2008 formally a combination of Netbank + Neteller.

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Paypal getting back into online gambling

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Paypal getting back into online gambling

Paypal has not taken gambling payments over the last couple of years due to fear of violating laws in the US, but now Paypal has begun taking gambling payments in the UK.  Paypal seems to be setting themselves up for a US return into online gambling like many other companies seem to be doing.  One company getting ready to get back in online gambling in the US is Party Gaming who saw a fortune in only a few years come through to them through US players, which was suddenly cut short when UIGEA came in place.  They have sorted out all their legal disputes in relation to US gambling setting themselves up for online gambling payments being allowed to be accepted amongst US players and online casinos once again.

Paypal casinos

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