US online gambling market wins big with addition of Paypal

Providers are currently struggling with alternative payment systems such as Visa and Mastercard that continue to carry decline rates of over 25%, or glitches that continue to manifest in electronic check systems.

While alternative payment systems such as Neteller, Skrill, and site-specific debit cards have succeeded at a processing rate of nearly 100% acceptance abroad, these systems are not well-known to recreational players based in the United States or most potential US regulated markets. Paypal is widely known and trusted in North America.

With over 150 million active users worldwide, the addition of Paypal to the regulated gaming market in the United States is sure to appeal to more players, and attract increased traffic to regulated gaming sites.

Paypal will certainly facilitate access and entry into gaming for all active Paypal users, who already commonly keep a positive Paypal balance on hand for quick purchasing transactions.

Further, Paypal has an e-check system that can be applied as a checking system to relieve the burden on online gaming providers of getting bogged down in check processing system glitches.

Though a landmark development for the gaming industry in general, the inclusion of Paypal to the US regulated market comes as little surprise, due to the fact that Paypal has already been processing payments in European regulated online gambling markets for online poker rooms, sports books, and casinos.