PayPal Re- Enters Online Gaming Casino Market
After years of staying away from the gaming industry, the online payment method PayPal has returned to processing online gaming casino industry transactions.
For many years, PayPal was the foremost processor of online gaming casino industry transactions in the world, virtually single- handedly inventing the field. It was founded in the United States in December of 1998. However, when the online gaming casino financial processing pioneer began to be hounded by U.S. law enforcement officials at around the same time the company was bought by eBay, PayPal officials decided to concentrate on other activities. The company dropped out of the online gaming casino business entirely in 2002.
However, overhauls of the gaming code in the UK and in the European Union have brought about a rash of legalizations of the online gaming casino industry all over the continent, and PayPal has just made the decision to get back in the betting game.
PayPal will now be serving a variety of online gaming casino sites. However, their customer base will be limited to players living in the United Kingdom and other countries in the European Union. It expressly denies services to customers in the United States.
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