PayPal stops payment protection for online gambling
The online payment platform recently issued a statement, where it outlined the changes it will make to its Payment Protection policy and User Agreement, impacting buyer and seller protection as well as dispute resolution.
Aside from gambling, other items that will no longer be eligible for payment protection include payments on crowdfunding platforms and payments made to any government agency.
The online payment company made its way back into the choppy waters of US online gambling in 2015, when it quietly agreed to a deal with WSOP.com to offer its deposit and withdrawal services via its Nevada- and New Jersey-based online entities.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright