Payment Processors Avoid Online Betting

If we look at what happens around the world, we can notice that payment processors only have a limited involvement in online betting. This matter has been upgraded since the launching of the online payment service Checkout belonging to Google. Before the launching of this service, there used to be analysts which foresaw Google’s involvement in online betting processing. Years ago, PayPal decided not to process the payments related to this industry. If Google had involved in this, too, PayPal’s position on the market would have been seriously threatened.

However, Checkout showed the fact that the Americans don’t want to process any gambling activities and the market was left to unspecialized processors. ทางเข้า ufabet Neteller, a company which has its headquarters in London, processed 7.3 billion dollars in online betting last year.

As for Goggle’s decision, there are also other motivations apart from the puritan motto of the company. In the United States of America, the laws which apply to online betting are extremely vague. The American Congress brings up a new project almost every year, projects which suggest that the payments related to this activity should be forbidden and that they shouldn’t be processed. The Department of Justice of the United States of America also formulates constant warnings addressed to the most important players on the IT market not to support this activity.

As you can see, online betting is not highly appreciated in the United States of America, at least not when it comes to payments and any other financial details.

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *