PayPal now offers payment blocking to gamblers via the Gamban deal

PayPal now offers payment blocking to gamblers via the Gamban deal

PayPal has strengthened its user accountability in the UK and across the pond in the US as part of a payment blocking deal with Gamban. 

Paypal – Gambal Payment Blocking Deal

Recognizing PayPal as a popular way of payment for gamblers, the agreement will allow PayPal customers to prohibit online casino and sports betting transactions via Gamban.

“PayPal offering its consumers the opportunity to restrict gaming transactions is a welcome addition to the gambling recovery toolset,” according to a statement on Gamban’s website. Gamban is also increasing its foothold in the US betting market by signing the payments blocking agreement with PayPal, which has seen substantial development after the removal of PASPA in 2018.

The initiative also coincides with a renewed emphasis on social responsibility in the United Kingdom after reviewing the Gambling Act and subsequent revamping the legal framework for gambling in the country. It is widely believed that new measures introduced in the region would create the most socially responsible gambling environment possible in the United Kingdom.

The regulations would impose more restrictions on payment methods available for gambling in the United Kingdom, following the decision by Betting and Gaming Council member companies to phase out credit card use.

Quotes from the Press Release

“As we’ve always said, you may require more than one tool to have the best chance of effectively breaking your addiction. By banning gambling transactions at your bank and PayPal, blocking online gambling with Gamban, self-excluding with Gamstop, and seeking support from GamCare, you’ll maximize your chances of recovery.”

In a recent report to stakeholders, Andrew Rhodes, interim chief executive of the UKGC, stated: “Protecting customers is at the heart of all we do; we implemented this policy as part of our multifarious work to prevent gambling damage.”

Additionally, the development demonstrates Gamban’s continuing extension of its mandate, as the corporation said last year that it would alter its self-exclusion system to limit user engagements and access to foreign exchange, cryptocurrency, and currency trading platforms.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.