It has been reported that PayPal, one of the world’s largest online payment processors, could soon be entering the US online gambling market.
Although the company has to date not made any public statement regarding these plans, it is understood that PayPal will commence processing payments for regulated online poker and casino sites in Nevada, Delaware and New Jersey within the next few months.
US players will be thrilled with this move as they are familiar with PayPal and regard the brand as a trusted online payment method.
Players in the US have thus far had hassles when attempting to pay with brands such as Visa or Mastercard and will, therefore, welcome the fact that they will be guaranteed a payment method such as PayPal that can be used by them without giving any problems.
Individual states such as New Jersey and Nevada have managed to move forward with regulated online gambling industries but the same cannot be said for banks and financial institutions that have not yet caught up. On average, there is a decline rate of 25% when at attempt is made by players to pay with their credit card and it is hoped that this problem will be solved if PayPal enters the market.
Although alternative methods such as Neteller and Skrill are available in the regulated US market, these brands are not well known among US players. PayPal’s entry into the market will be extremely welcomed by players as it is a brand that they know and trust.
PayPal currently services 150 million people across the globe and is known for its solid platform and tight security. The group also handles credit card processing and has an e-check system.
Jackpot City, one of the leading Microgaming powered online casinos, has announced that they will be adding PayPal to the variety of banking options offered to players.
New and existing players in the UK will soon have the opportunity to utilize this esteemed addition to Jackpot City online casino’s banking software.
Players at Jackpot City online casino who make payments and money transfers through the Internet will in the very near future be able to make use of PayPay in order to do so.
The global e-commerce business is the most used e-wallet business in the world and is currently used in 190 countries, including the United Kingdom. Customers are given the chance to send, receive and hold funds in a secure manner in 24 different currencies.
According to Ken Howery, who founded PayPal in June, 1998 together with Elon Musk, Max Levchin, Peter Thiel and Luke Nosek, he works on discovering applications for their technology and also works on research prototypes while scientifically guiding the team that works on predictive analytics and machine learning.
Jackpot City Casino realizes that players require additional deposit and withdrawal options and although they already have a vast choice of depositing options that include credit and debit cards and several different web wallets, the online casino feels that it is only right to add Paypal as it is a leader in online payments. PayPay uses “dernier cri” encryption and fraud prevention technology that monitors all transactions in order to avoid suspicious activity.
Since its establishment in 1998, Jackpot City Online Casino has been one of the most popular choices for players from all over the world.
