Paypal to Enter US Online Gambling Market

After much speculation, Paypal will join the US regulated iGaming market, providing a huge boost to potential transaction volumes and overall trustability of online gaming in the US. The leading online payment processor is expected to begin processing payments for regulated poker and casino sites within the next few months, according to Online Poker Report sources.

Paypal Branding

The trustability and efficiency of Paypal would also streamline transactions for providers as well, who are currently struggling with alternative payment systems such as Visa and Mastercard that continue to carry decline rates of over 25%, or glitches that continue to manifest in electronic check systems.

While alternative payment systems such as Neteller, Skrill, and site-specific debit cards have succeeded at a processing rate of nearly 100% acceptance abroad, these systems are not well-known to recreational players based in the United States or most potential US regulated markets. Paypal, however, is brand that is widely known and trusted in North America.

Increasing Access

With over 150 million active users worldwide, the addition of Paypal to the regulated gaming market in the United States is sure to appeal to more players, and attract increased traffic to regulated gaming sites.

Paypal will certainly facilitate access and entry into gaming for all active Paypal users, who already commonly keep a positive Paypal balance on hand for quick purchasing transactions.

Shouldering the Processing Load

Paypal also handles credit card processing, eliminating the need for online providers to rely on the inefficient credit card processing systems that they currently are working with in other regulated markets.

Further, Paypal has an e-check system that can be applied as a checking system to relieve the burden on online gaming providers of getting bogged down in check processing system glitches.

Though a landmark development for the gaming industry in general, the inclusion of Paypal to the US regulated market comes as little surprise, due to the fact that Paypal has already been processing payments in European regulated online gambling markets for online poker rooms, sports books, and casinos.