Paypal’s History in US Online Gambling Marketsĭuring the early years of online gambling at the turn of the century, PayPal was one of the world leaders in processing gambling transaction. Today, the legal climate surrounding online gambling in the United States makes using this payment processor unfeasible for the majority of the United States. The Federal law currently prohibits transactions to and from gambling sites unless licensed by the state. At one time PayPal did process gambling transactions in the US market, but that period was over a decade ago. Online poker players often wonder why PayPal isn’t an option on their favorite poker website. They also act an e-wallet or an online bank account for users. They are the worldwide leader in processing Internet payments. PayPal isn’t just a player in American markets. Most Americans who have an online presence these days have a PayPal account. Credit cards are now the most common method of deposits and checks sent through Fedex being the most used form of withdraws. The only current two states is Nevada and New Jersey where the WSOP poker site has Paypal for NV and NJ residents only.
PayPal will never be offered again at offshore poker sites but it will be allowed at state licensed poker sites.
