PayPal is one of the biggest names in the E-wallet space, and that makes it a choice for many gamblers. The platform presently stands as the leading payment option amongst digital wallets, even though it has been running since 1998. PayPal has become a major part of many online businesses and provides its money transfer services to over 200 countries. In fact, this company’s success only began in 2002 when it was sold to eBay, and today, you can use over 100 currencies on PayPal. Since PayPal is known to be one of the few safe and secure payment methods, PayPal ensures to protect its customers by using certain approaches.
One of the security policies of PayPal is prohibiting money transfer transactions in specific high-risk countries. The company has also taken the initiative to ban gambling transactions in places where the activity is considered illegal. This ban also includes a halt on transactions from gambling operators and casino account holders in American states where gambling is prohibited. The big question many gamblers may have is what activities or payments PayPal forbids. Best demo slot games.
Gambling Payments in Illegal Jurisdictions
PayPal prohibits all forms of transactions for online gambling activities by account holders and merchants in the United States and any jurisdiction where betting and gambling activities are illegal. This restriction also affects casino merchants who may not be in the U.S but whose services can be accessed by account holders in the United States.
PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal. To be approved by PayPal, merchants must demonstrate to PayPal’s satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal.
Suppose for any reason you feel like using PayPal for gambling. In that case, it is advised that you investigate properly if gambling is legal in your jurisdiction and if the operator you choose accepts PayPal.
Payments for Self-Excluded Players
Players who self-exclude themselves are not allowed to play in a licensed casino using the self-exclusion service; thus, they can’t make payments with PayPal. Gambling problems are not restricted to regions or specific demographics; thus, regulatory bodies, payment platforms, and casinos have roles to ensure that people gamble responsibly. GamStop is a service that allows people in the United Kingdom to self-exclude from gambling activities.
This means that for a period of your choosing, you can decide to stay away from all gambling-related activities. No gambling Ads will be displayed to you, and you will be unable to access any games in non GamStop PayPal casinos till the period of self-exclusion is over. While Self-Exclusion can be quite restrictive, it is a great way for problem gamblers to get help.
PayPal doesn’t allow players on the GamStop service or any other casino service to receive payments (i.e, make withdrawals) even if they can make online casino deposits. However, after a period of self-exclusion, a gambler may be able to make payments using PayPal. Also, If a player extends their self-exclusion plan, they will remain restricted from using PayPal.
Payments to Unlicensed Operators
Unlicensed casino operators are usually not advisable for casino players to patronize. One of the major factors that gamblers are advised to look out for before signing up with a casino is its licenses. Only casinos with licenses from a specific respected regulatory body like the UKGC are considered safe. An unlicensed operator is not allowed to use PayPal. This means that any gambler who decided to use such a casino may not have access to PayPal as a payment option and gamble with such sites at his own risk.
Unless the PayPal payment service has approved the online casino merchant, account holders cannot use PayPal to either send or receive payments for any kind of gambling activity. The restricted activities include but are not restricted to payments for wagers, gambling winnings, and gambling debts, whether conducted in person, online, or through any other means identifiable of communication. Gambling activities that are not allowed include placing, recording, accepting, or registering bets; taking part in lotteries; or otherwise partaking in a game of chance for property, money, or other things of value.