What goes around…
It a crack in the dike.
PayPal’s re-entry into the U.S. gambling world was done quietly. The company has a ban on all gaming activity unless the merchant is approved by PayPal.
In a statement to CNBC, the company said: “PayPal is launching a pilot program to support four leading real money gaming (RMG) operators to offer PayPal as a way for gamers to fund their online accounts with these merchants.” (Source: CNBC, September 15, 2015.)
The program is an test balloon for new revenue streams.
“We are launching this pilot now that we are able to fully comply with the evolving laws surrounding RMG in the United States as well as the requirements of our payment partners,” the statement read.
“As a global payments provider, PayPal’s goal is to give people safe and simple ways to pay for the things they want, so long as we can comply with applicable laws.”
Source: Profit Confidential