Many US players have inquired whether or not they could use PayPal as a payment method for online casino gambling. According to the many prohibited activities in which you may not use PayPal, here is the one involving online casino gambling: “You may not use the PayPal service for activities that: involve gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes unless the operator has obtained prior approval from PayPal and the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.”
In a recent article regarding gambling news, it seems that PayPal may be headed towards retracting that statement, at least in the UK. The article stated that the “company signed a deal to become a payment service provider for merchants of Neovia Financial. Neovia has a strong presence in the UK online gambling industry.”
As you may know, US Congressman Barney Frank has introduced legislation that would overturn the Unlawful Internet Gambling Enforcement Act passed in 2006. Although this new proposal will not be discussed until next year, it is expected that Congress will address this potential reversal this year.
Quite frankly, it would be an enormous relief for US players to be able to utilize PayPal at online casinos. As you know, many of the deposit and withdrawal methods have dwindled down to a precious few, and even some of these transactions were seized by the government. About the only recourse US players have at the moment are credit cards, bank wires, and other methods designed specifically for US players.
There is one more point to be made. Another piece of legislation was put forward delineating that legalizing online gambling could be used to pay for the new Healthcare Reform. It remains to be seen if either of these bills will become law, but they certainly offer solutions to two major issues confronting Americans today.