PayPal is easily the most popular e-wallet in the world. If you do not have a PayPal account, chances are you know someone with an account. It is almost impossible to conduct e-commerce in the modern age without accepting PayPal and for many people; their PayPal account has replaced their bank account.
Despite its popularity, one area where PayPal lack significant traction is online poker. As most online poker players have experienced, it is next to impossible to fund their account using PayPal and some have gotten their accounts suspended when they have tried to circumvent PayPal policies to transfer gambling funds.
Today we take a look at why PayPal is not an option for some online poker sites and which PayPal poker sites are available to players.
Why Don’t Some Online Poker Sites Accept PayPal?
The reason why some online poker rooms do not accept PayPal payments is quite simple. PayPal only accepts online gambling transactions in areas where iGaming is legalized. By that, we mean that a country has legislatively made online gambling legal.
The United Kingdom is a prime example of this. Sites such as 888Poker can accept PayPal payments from UK players but they cannot accept the same payments from Australian players because the activity is not legalized in the land down under.
A few of you old school players may remember that PayPal used to accept online gambling transactions from US players in the early 2000’s. They ultimately ceased processing online gambling payments and the company paid a $10 million fine to the U.S. governments following a civil suit.
Then Why is PayPal Accepting US iGaming Transactions Now?
You may have heard that PayPal is once again processing online gambling transactions in the United States, but chances are you have not heard the full story. PayPal is presently only processing iGaming transactions in states where it is legal to play online poker or online casino games.
Only Nevada, Delaware and New Jersey have regulated online poker or online gambling. Only online poker is legal in Nevada while both iPoker and general casino games are legal in Delaware and New Jersey.
In those states, and only those states, players are able to fund and withdraw funds to their PayPal accounts.
Please note that if you try and process online gambling transactions in other areas of the United States, your transactions will likely be declined. In the off chance that you find a way to process gambling transactions and are caught by PayPal, you risk having your account suspended.
Which Online Poker Sites Accept PayPal?
Presently, PayPal poker sites are limited to areas where online poker is legal and regulated. For example, 888 Poker only accepts PayPal from players in the United Kingdom. If you try and fund your account from another country with 888 Poker, it will be declines.
PartyPoker is another site where UK players are able to make a deposit with their PayPal account. You’re probably noticing a pattern here. Other sites such as Sky Poker and others that serve the UK are eligible to offer PayPal. You can check your site’s lobby to see whether PayPal is an option.
For US players, only regulated states will offer PayPal poker sites. In Nevada, your only option for PayPal is WSOP.com. For New Jersey players, you can deposit via PayPal on WSOP.com, 888 Poker and on PokerStars NJ. Delaware Poker presently does not offer PayPal as a deposit option.
The Future of PayPal Poker Sites
PayPal is the most popular e-wallet in the world and the future is bright in regards to online gambling. As the game is becoming more socially accepted, countries are beginning to explore regulation options. Countries such as Poland are close to regulating online gambling and when this happens, it will open the door for PayPal to offer their services.
As far as the United States is concerned, online gambling expansion is presently progressing at the state level and that trend is expected to continue. Over the next five years we should start to see several states examine the issue and ultimately regulate iGaming.
California, New York, Pennsylvania, Illinois, Massachusetts and other states are expected to come online by 2020 and once these sites launch, PayPal is expected to be an option.