Paypal, an American-owned worldwide online payments system since 1998, has declared that it will stop offering customers payment protection on transactions associated with online gambling. The large-scale currency company announced the move quietly last week through some changes made in the terms and conditions of its payment protection policy.
According to the amended section appearing on the Pa[...] Read more » Paypal Ends Payment Protection In Several Countries
Joined: May '08
Age: 33 (M)
really? i thought that there are no rooms apart from some random 26 players at peak time ultra mega famous online poker booth actually using paypal to process payments. apparently i was completely wrong and now the news that paypal will stop payment protection in some countries like north korea and botswana poses a huge risk to the whole online gambling industry.
Joined: Oct '08
Age: 42 (M)
thats really sad news. i always use paypal for deposit/withdraw on pokerstars. actually i only use paypal. its much better than skrill since you can go online shopping and pay almost everything via paypal.
Joined: Mar '14
Age: 43 (M)
PayPal..., I am still getting phishing emails! I guess I am gonna have to review the PayPal policy update and familiarize myself with the changes that are being made to its user agreement. It seems that while the payment is not eligible for PayPal Purchase Protection, you can still file a dispute in order to resolve an issue directly with the seller although PayPal will generally not find in your favor if you escalate an issue for an item which is not eligible for PayPal Purchase Protection. Hmm...
Edited by Tony_MON7ANA (Wednesday, May 18, 2016 @ 21:17 GMT)
Joined: May '09
Age: 32 (M)
I dont use paypal for betting,poker,casino and only used few times paypal,if I there was no other ways to get money which I got from people or some sites!much better for me is skrill or direct on visa electron!
Joined: May '15
Age: 40 (F)
I am a frequent user of paying with PayPal. Spotify, Netflix, online shopping and casinos are all accepted payments that I use my account on. I agree with others that comments and discus this; really hope no one loses any money because of it...
Joined: Aug '10
Age: 46 (M)
Normally i use sometimes PayPal for online shopping, but this news are really bad. And i thought that a lot of pokerrooms and Networks are offering PayPal as payment method in the near future like stars.
Joined: May '09
Age: 32 (M)
well,only paypal can lose it they continue with this blocking countries!people will turn to other payments,other sites or just with cards!but everybody should know what are consequences for business,when they do things like this!