PAYPAL CEASES PAYMENT PROTECTION FOR ONLINE GAMBLING IN US, CANADA, BRAZIL

[Shizzmoney]

Online payment processing service Paypal announced that it will soon stop protecting payments for transactions related to gambling in several countries.

Paypal ceases payment protection for online gambling in US, Canada, BrazilThe online payment platform recently issued a statement, where it outlined the changes it will make to its Payment Protection policy and User Agreement, impacting buyer and seller protection as well as dispute resolution.

According to the company, “gambling, gaming and/or any other activity with an entry fee and a prize” will be included in Paypal’s updated list of “ineligible items” for protection starting June 25 in a number of countries, including the United States, Canada and Brazil.

Aside from gambling, other items that will no longer be eligible for payment protection include payments on crowdfunding platforms and payments made to any government agency.

http://calvinayre.com/2016/05/11/bus...canada-brazil/

This effects DFS the most, IMO.

[Dan Druff]

So sick that they banned my account when I wasn't even violating any of these terms.

They just seem to be going after anything that slightly looks like gambling. When my account got banned, so did the accounts of many other poker players, some of whom also didn't use it for gambling.

[Shizzmoney]

Slippery slope that PayPal is on in trying to "prove" a transaction is gambling.

I mean, are they just gonna assume that Paypal accounts that take a bunch of $10 and $20 transfers in March are "gambling"? related and instaban them?

This is why monopolies are bad. I wish BTC was a bit more streamlined in the public lexicon so that more folks would use it more to challenge their power (yes, there is also Venmo, but most don't know about that, either).

[jacosta24]

This leaves the door wide open for Bitcoin...

[Daly]

You guys have no idea how much pressure is on banks and quasi banks on this shit. It's just easier for them to say fuck it and shit you off than get caught processing something "illegal".

Home of the free my ass.

[BeerAndPoker]

Their is so much of a gray area of vagueness in so many laws in the USA.

[Shizzmoney]

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[Sanlmar]

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PayPal Mafia memorabilia.

Levchin was a Russian Jew immigrant who learned English by watching "Diff'rent Strokes" on a TV he found in a dumpster.

Sound familiar?