|Some large Internet casinos are already no longer processing PayPal transactions, as of Monday 18th November. This is a few days earlier than expected. PayPal announced that they would be discontinuing Internet gambling transactions this Friday 24 November 2002.|
The Gaming Club, Lucky Nugget, RiverBelle and a number of other Microgaming casinos have already removed all signs of PayPal from their sites.
About 15% of online gamblers use PayPal to purchase chips and withdraw winnings from Internet casinos. PayPal announced that they would stop processing gambling transactions earlier this year, after they were acquired by online auctioneer eBay.
Many casinos are encouraging players who use PayPal to switch to NETeller instead.
It is expected that PayPal will experience a number of delays in moving funds over the next week or two.
If you have remaining funds in your PayPal account that you wish to withdraw to your bank account, or plan to move to another account such as NETeller, initiate the necessary transaction in order to have your funds available at the earliest possible opportunity.
Experts recommend that if you have funds in a casino that you were planning to withdraw by PayPal, do so now in order to have any chance of receiving these funds - or else prepare to receive your funds by some other method.
Like PayPal, NETeller is an online money transfer service -- sometimes called an 'eWallet.' Players can deposit money to their NETeller account using a credit card or other method, then use these funds to purchase chips at Internet casinos. Winnings can be withdrawn from the casino directly to the player's NETeller account. The casino never sees the player's credit card information.
Most Internet casinos accept NETeller. But NETeller is only one of many ways players purchase chips and make withdrawals from Internet casinos. Many players purchase chips directly from the casino using their credit cards, debit cards or bank wires. Withdrawals are commonly requested by check.
Other common payment alternatives include 900Pay, FirePay, and PrePaidATM.