Founded in 1998, PayPal, an eBay Company, enables any person or business with an email to securely, easily and quickly send and receive payments on-line. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution.
PayPal has quickly become a global leader in online payment solutions with 110 million account members all over the world. Available in 60 countries and regions around the world, buyers and sellers on eBay, online retailers & businesses, as well as traditional offline businesses are transacting with PayPal eWallet.
PayPal has received close to 20 awards for technical excellence from the internet industry and the business community at large - most recently the 2003 Webby Award for Best Finance Site and the 2003 Webby People's Voice Award for Best Finance Site.
PayPal - The Gambling's Bad News...
Until about three years ago you could use your PayPal account to put money into poker & Casino accounts. But with the explosion of online gambling in the US and the negative stigma associated with gambling, the US government put pressure on US companies (like PayPal, Mastercard, Visa, etc'...) to stop accepting gaming related deposits, of which, online Poker, Casino & Bingo were lumped into.
Furthermore, PayPal is now owned by ebay which Under the terms of its purchase of PayPal (PYPL), will stops offering the payment service for Internet gambling transactions.
If you are coming from another part of the world (outside the US or Canada) and you have one of these credit cards, through a foreign bank, then you shouldn't have a problem funding the account thru your Visa or Mastercard...it's US bank (and institution) issued credit cards that don't work.
With PayPal out of the picture, gamblers are apt to turn to competing payment services. with Neteller and FirePay as two of the better-known alternatives.
There are of course other ways to deposit money to online casino, poker & bingo rooms which you can find in our deposit methods section.
PayPal - Good news for Casino, Poker & Bingo
We've manage to found an Casino, Poker, Bingo that do accept Paypal!
Please check the new PayPal Gambling list below.