This story was published more than 5 years ago.
The German government has dictated to online payment processing firm PayPal that they must not facilitate payments related to non-regulated online betting activity within the country moving forward.
The decision will come into effect on October 21st and will see online casino payments utilizing PayPal being suspended in the country, with the updated terms on prohibited activities now reading: "offers that are not legal in your respective whereabouts, including some online gambling offers."
PayPal has been the subject of scrutiny for offering unlicensed betting sites to conduct payment services, with the state of Lower Saxony issuing a direct warning to them earlier this summer. The country plans to begin offering licensed sportsbetting next year, but it appears that casino betting is still some time away from being licensed.
No comment from PayPal was available as of press time.
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Comments
Well, what can I say...certainly attacking Paypal for facilitating payments connected to unlicensed gambling activity is one way of controlling that but for me the German government better start thinking of how they could speed the process of legalizing both casino and sporstbeting play in the country cause blocking PP would surely not get you any incomes to the local economics...I think.
you are completely right man paypal to prohibit the payment is totally stupid...
why the government does not start to speed up the process of regulation and legalization
of gambling/onlinegambling this has been a gray area for decades here in germany
sharpe
Ah, ok, I got it.
Is there anyone who use Paypal and ecoPayz together? Or Paypal and BTC ? 🙂