Online Casinos welcome back PayPal

e-Commerce giant PayPal has been in the news during the past few days as speculation grows that PayPal will once again provide its services to selected online casinos.

Such online casino giants as Ladbrokes, 32Red and Virgin Casino are all being tipped to be the first of the internet casinos to offer PayPal as a trusted online payment method.

Throughout recent history, PayPaland their relationship with online gambling sites has been hot and cold to say the least, however the online gambling industry seems like a good way for PayPal to boost their income during the global recession.

Since 2002, PayPal took the decision to distance itself from the online gambling industry to avoid and conflict with the United States government for transferring monies to international online casino and poker websites.

Of course as all good businesses do, PayPal has reconsidered it’s decision and signed a major deal with online gambling giant 888 casino (read the review by YourCasinoClub.com) and Neovia an ewallet service. The partnership with Neovia gives PayPal the flexibility to serve casinos on the net and other gambling sites.

Established in 1999, PayPal is an instantly recognised payment method and the most popular used online payment company in the world. PayPal’s annual revenue easily exeeds $2 billion.