PayPal Supports Online Gambling in Europe
By Ina Steiner
PayPal users in the UK can now use the online payment service on Betfair, a large online betting-exchange available in the UK and in other EU countries where online gambling is allowed. Spokesperson Amanda Pires said PayPal changed its policy a few months ago.
The company still prohibits the use of PayPal for gambling in the U.S., where online gambling is illegal. U.S. accountholders are not allowed to use PayPal on Betfair, and Pires said Betfair has strict technology that blocks U.S. users.
Interestingly, a search for Betfair on the eBay UK website reveals hundreds of "systems" for making money by gambling on Betfair (http://digbig.com/4hjts).
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to email@example.com.
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