This includes casino games such as table games and slot machines, whether they are physical or virtual versions.
You can also use it on sports betting platforms to block transactions, which include greyhound and horse racing, as well as person-to-person betting. PayPal also seeks to enable users to block lottery games.
This software also gives players a chance to stop and prohibit any transactions that go to gambling-related activities, including sites that offer betting advice and tips, organized platforms that offer person-to-person betting and intermediaries that offer betting services. In early 2019, PayPal reviewed its controls and rules after concern that the platform was now facilitating excessive online gambling.
The Gamban team added that PayPal offering players a chance to block gambling sites and services was a welcome addition to the gambling recovery toolkit. It added that gamblers had a better chance of recovery by blocking gambling transactions at PayPal and banks, using the software to block online gambling and seeking help from Gamcare. It is reported that problem gamblers have been taking advantage of the loophole that came from the ability to spend more than allocated on the card through using PayPal. Now, they will have a chance to put an end to their spending across all fronts.
PayPal’s History with Gambling
PayPal is one of the leading payment providers around the world. Due to its popularity and safety, it has become a go-to platform for many gamblers keen to interact with online betting platforms. This has caused concerns within the ranks of the company, with many people asking the company to put in place various measures to help those addicted to gambling. On the other hand, gambling has become a major concern in the US and UK, despite the strict measures that governments in these countries have put in place.
In 2020, the UK government banned the use of credit cards for gambling. Many banks have also joined the foray by allowing users to stop any transactions with gambling-related platforms. The government is also reviewing the 2006 Gambling Act with the view of adding more stringent measures, which include affordability checks. Other proposals include banning gambling firms from sponsoring sports events and adding soft caps on deposits.