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Online Casino News:
PayPal’s Share Grows
by Joanne R Thursday October 8, 2009 at
7:21 PM
For someone who said that they did not
want to be a part of the online casino
gambling industry, Pay Pal has a weird
way of showing it. The payment solutions
provider is back in the business of
online casino gambling, and is already
doing very well for themselves. It did
not take long for online casinos to put
their trust in the online payment
processor, especially since they had
already had a good reputation before the
passage of the Unlawful Internet
Gambling Enforcement Act, or UIGEA.
Now the company has signed a deal with
the e-wallet provider Neovia. This means
that any online casino gambler who
chooses to use Neovia’s Netbanx for art
there payments PayPal will now be
offered as a choice. For those gala
blurs that reside in the United States
however, PayPal will not be offered as
they cannot accept that it’s from those
players.
PayPal has pretty might each stayed away
from the online casino gambling industry
since 2002 when eBay decided to get out
of the industry. The United States
government had accused them of violating
the law as it pertained to the passage
of the UIGEA. They said that they were
transferring funds to offshore gambling
websites which was a clear violation.
But with their new partner being used by
more than 1500 online casino sites
already this is a huge boost for the
company.
With online casino gambling becoming
more and more customer friendly and more
options coming in terms of e-wallets
PayPal is truly on the cusp of a
burgeoning industry.
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