September 09, 2015

PayPal back in US online gambling business

After some 13 years from stepping out of the US online gambling payments sector it looks like industry giant PayPal is moving back into online gaming. When eBay purchased PayPal in 2002 it immediately pulled its presence from the online gambling payments sector in the US but now thirteen years on it has now been introduced again on the Caesars Interactive websites in Nevada.

Now that PayPal has been given its freedom from eBay as a separate entity, PayPal wants to prove itself and has recently hired some well-known online gambling industry payments professionals to ensure the success in the online gambling business US side.

Before it pulled out of the US online gambling business PayPal was generating more than 6% of its total revenues from online gambling and it sees the US market as a huge potential for growth again says industry watchers.

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