PayPal is known as a top rated online payment processing company, as they offer members the option of transferring funds in a safe and secure environment. Employers can use the service to pay employees or money can be sent to friends and family. The financial service is one of the most trusted online options available today and is commonly used for online gaming transactions in foreign countries outside the US. It has now been reported by several outlets that PayPal is considering offering their services to US online gaming sites so players will have another secure option for depositing and withdrawing funds for online casino and poker game play.
If PayPal begins to offer their services for online gamblers in the US, it will be a step in the right direction for the industry. When online gambling was first offered in the US, players had issues trying to make deposits with credit cards and many do not want to use credit cards to begin with for safety reasons. While Skrill and Neteller are offered and considered top choices, US residents are not as familiar with the payment processors as gamblers are in foreign countries. PayPal is a recognizable brand and one that players would feel comfortable using for casino and poker gaming online.
It is believed that PayPal will be an option in the US within the next few months. This would be good news for operators as players will be more willing to take part in online gaming with a trusted financial service provider. In each state offering online gambling options, the revenues have not reached the estimated projections and the addition of PayPal into the market may be a nice push to bring in additional earnings as players will be more open to trying the option.
PayPal has apparently been looking into entering the US for months and it may be the fact that big players could be entering the market that has swayed their decision. PokerStars and Full Tilt have been rumored to be offering online gaming by October and we may see PayPal move forward to meet this change in the market, if the launch takes place.
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