PayPal Revives Online Gaming Payments (Sept. 15, 2015)
Those enabling payments for online gaming Websites have a new, rather large competitor. PayPal is reentering the online gaming payment processing business in the U.S.—more than a decade since it got out, following its acquisition by eBay. Though PayPal has been available on European gaming sites, Caesars Interactive Entertainment (CIE) is one of the first U.S.-licensed online gaming operators to offer PayPal as a payment option through its Nevada-licensed WSOP.com Website, according to the iGaming Business Website, which is credited with breaking the story. CIE rolled out the PayPal payment method in Nevada earlier this month and was expected to make it available in New Jersey soon after. CIE’s sites include CaesarsCasino.com, HarrahsCasino.com and WSOP.com. PayPal has a total of 169 million active accounts.
“PayPal is launching a pilot program to support four leading real money gaming (RMG) operators to offer PayPal as a way for gamers to fund their online accounts with these merchants,” a PayPal spokesperson confirms. “We are launching this pilot now that we are able to fully comply with the evolving laws surrounding RMG in the United States as well as the requirements of our payment partners. As a global payments provider, PayPal’s goal is to give people safe and simple ways to pay for the things they want, so long as we can comply with applicable laws.”