Online Casino Betfair Embraces PayPal
Premier online casino Betfair has entered into an agreement with PayPal, the global leader in online financial transactions. The new arrangement will enable citizens of the European Union to use PayPal as a payment and reception method in transactions with Betfair. Casino players will be able to pay and withdraw from their online accounts in real time. Betfair, already housing a large share of European online casino players, expects its fortunes to rise as a result of the new deal.
In a press release, PayPal’s Chief Executive, Geoff Iddison, announced that “PayPal may be best known as the preferred payment method for eBay customers. This is another example of the PayPal system being used by merchants to develop their online business.”
The online casino’s European members will also have the added options of using credit and debit cards, or using the existing money in their PayPal accounts. They will also be able to withdraw their winnings directly into their PayPal accounts.
“It is a significant step for Betfair to be the first online gambling company approved by PayPal Europe. This will undoubtedly also give us access to a large and growing base of experienced online users,” said Mark Davies, Betfair’s Chief Executive.