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admin : Tuesday, July 28, 2009, 10:46

PayPal Changes Anti-Gambling Policy

According to PayPal’s updated “Acceptable Use Policy”, sending or receiving money for gaming is prohibited without PayPal’s approval.  Traditionally, using the PayPal service for gambling in any way was completely prohibited.

PayPal has recently changed this policy in light of their slowing growth rate and the continued expanding market for online gambling.

The updated policy now states-

“You may not use the PayPal service for activities that:
involve gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes unless the operator has obtained prior approval from PayPal and the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.”

This change in policy reflects PayPal’s primary objective, making money.  If customer service was anywhere close to the primary objective, maybe PayPal would change some of there customer service related policies as well?

Reference- http://www.betastic.co.uk/gambling_news-bingo-websites-to-get-boost-from-paypal.htm


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