PayPal considers entering US online gambling payment sector 1

According to reports PayPal is considering entering the US online gambling payment sector.

 

paypal

Analysts and observers are reporting that Paypal is looking into offering their services in state where online gambling is legalized like Delaware, New Jersey and Nevada. 

 

The move should it happen would bring serious competition to current payment processor companies Skrill & Optimal Payments. PayPal already has involvement in payment processing with poker giant PokerStars and the company believe that staying out of the US would be a major mistake for increasing revenues as more states in the US look to regulate and legalise online gambling.

 

 

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Source: iGaming Post 
Date: August 19, 2014
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