{"id":4401,"date":"2019-02-18T20:50:36","date_gmt":"2019-02-19T01:50:36","guid":{"rendered":"https:\/\/www.bestonlinecasinosites.com\/news\/?p=4401"},"modified":"2019-02-18T20:50:36","modified_gmt":"2019-02-19T01:50:36","slug":"paypal-faces-criticism-for-enabling-problem-gamblers","status":"publish","type":"post","link":"https:\/\/www.bestonlinecasinosites.com\/news\/paypal-faces-criticism-for-enabling-problem-gamblers\/","title":{"rendered":"PayPal Faces Criticism for Enabling Problem Gamblers"},"content":{"rendered":"\n<p>Fresh off the <a href=\"https:\/\/www.bestonlinecasinosites.com\/news\/bet365-allegedly-paying-gamblers-to-keep-betting\">bet365 saga<\/a>, responsible gambling campaigner in the United Kingdom are now on PayPal&#8217;s neck after the company was accused of allowing problem gamblers to circumvent their bank limits. To put this into perspective, the payment service provider reportedly allowed gamblers to spend as much as \u00a315,000 daily and this has raised a lot of questions about the use of the service by gambling addicts or problem gamblers to easily surpass bank limits.<\/p>\n\n\n\n<p>PayPal&#8217;s online payment system allows people to transfer\nmoney to anyone who has an email address. These PayPal accounts are connected\nto bank accounts or credit cards and but they also allow customers to use\nPayPal debit cards to withdraw money or make purchase both online and at\nphysical stores. Usually, is a customer does not have enough money in their\nPayPal accounts when they make payments, the balance is taken from their bank\naccounts and if the account has not been linked with a bank account, the\ncustomer&#8217;s credit or debit card are charged instead.<\/p>\n\n\n\n<p>As such, the claim that problem gamblers may have <a href=\"https:\/\/www.theguardian.com\/society\/2019\/feb\/17\/paypal-problem-gamblers-misuse-avoid-bank-limits\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"found a loophole (opens in a new tab)\">found a loophole<\/a> that allows them to circumvent bank limits is quite reasonable, to say the least. Bank limits are one of the measures that are used to fight against problem gambling and the fact that gamblers are able to surpass them is extremely worrying especially for the country&#8217;s gaming regulator. The number of known affected individuals (over 430,000) is enough proof that this needs to be addressed as fast as possible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"tougher-restrictions\">Tougher Restrictions<\/h2>\n\n\n\n<p>Legislators and gambling experts in the United Kingdom have called on PayPal to be more responsible when it comes to preventing people from generating massive gambling losses. The <a href=\"https:\/\/www.sbcnews.co.uk\/retail\/2019\/02\/15\/ukgc-calls-for-advice-on-customer-interactions-adr-gambling-blockers\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"UK Gambling Commission (opens in a new tab)\">UK Gambling Commission<\/a>, on the other hand, is reportedly considering adding online payments to its review of the use of credit card in gambling activities.<\/p>\n\n\n\n<p>PayPal has since acknowledged the possibility that its\nservices may have been used by compulsive gamblers and it has already taken\nsteps to review its controls, which may mean that its payment rules are much\nstricter. One of the key areas of concern is the fact that PayPal currently has\nno limit when it comes to gambling payments which makes the identification of compulsive gambling habits through\ntheir previous transactions quite difficult.<\/p>\n\n\n\n<p>The implementation of viable solutions is definitely going to be an uphill task but it\ngoes without saying that as consumer protection agenda area advanced in the\ncountry, various stakeholders including those that have no direct link to the\ngaming industry, such as banks and payment systems, should focus more on\nensuring consumers are protected.<\/p>\n","protected":false},"excerpt":{"rendered":"Fresh off the bet365 saga, responsible gambling campaigner in the United Kingdom are now on PayPal&#8217;s neck after the company was accused of allowing problem gamblers to circumvent their bank limits. To put this into perspective, the payment service provider reportedly allowed gamblers to spend as much as \u00a315,000 daily and this has raised a [&hellip;]","protected":false},"author":7,"featured_media":4399,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[229,230,155,231,175,20],"class_list":["post-4401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-bank-limits","tag-paypal","tag-problem-gambling","tag-regulation","tag-uk","tag-ukgc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal Faces Criticism for Enabling Problem Gamblers<\/title>\n<meta name=\"description\" content=\"Legislators and gambling experts in the United Kingdom have called on PayPal to be more responsible when it comes to preventing people from generating massive 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