Following a lucrative deal signed with Neovia Financial, formerly Neteller,
PayPal will become a more common payment method for online gamblers in
the United Kingdom.
PayPal's parent company, eBay pulled the group from the online gambling
market following restrictions placed by the United States government.
However, the company has been slowly moving back into the market, first by
offering its services to a select group of online gambling groups such as PKR
Poker, and now by signing the deal with Neovia.
The latest move, which will see PayPal join a multitude of other payment
methods on the Neovia Financial platform, Netbanx, will allow UK players to
enjoy a fast, convenient and safe banking option for their online gambling
entertainment at over 1000 sites.
Netbanx currently supports credit card payments such as Visa, Maestro and
Diners, as we well as non credit card methods such as UKash, iDeal, DirectPay24
and others.
PayPal allows players to send and receive money over the internet. Gamers are
not required to disclose any financial details using this service through their
bank accounts, balances and credit cards.
In other PayPal news, the group added three banking veterans to its executive
team.
Renier Lemmens from Barclays Bank will lead PayPal's business in Europe,
where his responsibilities will include expanding the use of the banking method
on eBay.
The President of PayPal, Scott Thompson said: "PayPal has a clear goal to
power e-commerce around the world. To achieve this, we're focused on driving a
better experience for our customers and increasing usage around the world."
