March 17 - Online casino and sportsbook operators and players in Europe and
the UK will be delighted by the news that Paypal will again facilitate
gambling transactions. Betfair, the world's leading betting exchange, announced
the integration of Paypal as a payment facility...
Paypal used to be the leading processor of online gambling transactions, but
after its takeover by eBay two years ago stopped the processing of gaming
transactions completely. This opened the door for Neteller, who built a very
successful business as the world's largest processor of gambling transactions.
Paypal is now to be fully integrated with Betfair again, and rumours are that
Paypal will allow the processing of transaction by other UK licensed operators
very soon. The move to first launch with Betfair makes sense, as the exchange
operator processes by far the most online transactions of any UK online gambling
operator.
European and UK customers of Betfair will be able to use the service
immediately, US customers are banned from using Betfair anyhow. Should Paypal be
integrated with other UK and European betting operators, it is expected that US
customers will be prohibited from using he service.
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- Online Casino And Sportsbook Announces Major Upgrade - 03-15-06
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