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PayPal Could Start Taking U.S. Online Gambling Transactions

PayPal Could Start Taking U.S. Online Gambling Transactions

Online gambling in the U.S. could get a boost if reports that PayPal is considering taking online gambling transactions in regulated markets is true.

Chris Grove of the OnlinePokerReport recently wrote that the e-wallet company has been considering the issue for several months. PayPal is used by online gamblers outside of the U.S., but has declined U.S. transactions since it was purchased by eBay in 2002.

Grove reported that the company will reverse that policy in the coming months and begin taking transactions in the legal jurisdictions. Online gambling is legal in three states—Nevada, New Jersey and Delaware.

PayPal is more used in the U.S. than Skrill—which offers it services to online gamblers in New Jersey—and Neteller—which is in operation for iGaming in both Nevada and New Jersey.

PayPal would need to be licensed by each state’s regulators.