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
Location: Lithuania
Age: 39 (M)
Posts: 10090
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: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
Papypal may be not be that widely available as Neteller or Skrill, but there are some rooms that support it as a payment processor. Eight-eight-eight is the biggest one of the poker rooms in question.
Joined: Oct '08
Location: Germany
Age: 49 (M)
Posts: 2025
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: Jun '13
Location: Canada
Age: 80 (M)
Posts: 3700
After Skrill and Neteller now it is Patpall that will not accept Canadian. To my knowledge there is no law in our country that is banning the poker or casino sites.
Now maybe one day they won't be banned but the government will want a share of their profit and will ask them to get a license to do business here.
Joined: Mar '14
Location: Japan
Age: 50 (M)
Posts: 8946
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...
I use this payment method only to buy stuffs online otherwise I use Skrill or Neteller for all my gambling transactions... and indeed Visa for my adult website membership transactions
Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
I am quite surprised by this and i hope nobody loses any money because of this. I would have thought that they would be making tonnes of money through this and i am surprised they stopped it
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20506
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
Location: Sweden
Age: 47 (F)
Posts: 1
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
Location: Germany
Age: 52 (M)
Posts: 2219
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
Location: Croatia
Age: 39 (M)
Posts: 20506
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!
