PayPal will no longer serve online casinos in 2019
Shortly before the end of the year, PayPal announced that transactions in and from online casinos will no longer be possible in 2019. This means that a popular payment provider for Germans will once again leave the gambling market. There is no information from the official ranks at this time, but many online casinos have already informed their customers. Why will PayPal stop offering online casinos again, we took a look behind the scenes.
No more PayPal payments in online casinos 2019
After just a few years, PayPal will stop serving online casinos for a second time. This primarily affects players from all over the world who liked to use the provider. Legally, the former Ebay monopolist offered its service in a gray area. Because the German gambling market has been more badly than properly regulated since 2009. With the granting of gaming licenses in Schleswig Holstein, PayPal saw the opportunity to offer the service to casino players in Germany again. Because PayPal has already left the online casino business for the first time.
Another factor could also be the great abuse that many casino players have engaged in with PayPal. Due to chargeback, reversals of deposits in online casinos, the provider has suffered great damage. Unfortunately, this seems to have become a trend among many Germans, even major newspapers have reported on this trick.
Unfortunately, such an approach harms the entire gambling industry. In the long run, it cannot be ruled out that such behavior will cause other payment providers to withdraw from the German market.
However, we will only find out in a few weeks what the motives are exactly behind the fact that PayPal is turning its back on online casinos.
What should German players consider now
First of all, it affects all players who play exclusively with PayPal in online casinos, who now have to make sure that it is possible from January no more payouts via PayPal to do. It is therefore advisable to withdraw any existing credit from the casinos. Most online casinos then only offer bank transfers, provided no other payment providers have been used before.
Players who don't want to lose their anonymity should look for alternatives such as Trustly or Online casino ewallets provider. With Trustly, payments in and out of an online casino are processed between banks and online casinos. Neither the bank nor the casino then have any personal data. This all runs anonymously via ID codes that the casino can assign to a player account.
An online casino that only works with Trustly are PaynPlay casinos, in which not even a registration is necessary. Here, as a player, you can simply deposit, play in the casino and withdraw again without ever having to have any personal data or verification. The procedure is only possible via Trustly and therefore offers even better protection than Paypal. However, there are many other casinos where Trustly can be used, including Pino Casino and Duxcasino, which are well known for this.
Online casinos without PayPal will not leave a big gap. Even if it has brought with it a convenient and fast payment process, this affects only a few players who will mourn the loss. With today's large number of payment service providers, the farewell to PayPal will not have any further impact.
As soon as PayPal announces its official exit, we will report about it. However, all readers should now be warned that the provider will most likely say goodbye to the gambling sector.
