TheGuesser;n7452298 said:
Is paypal officially back All In, in the gambling business like the old days?
To somewhat answer my own question:
[h=1]Which NJ Online Gambling Sites Allow Players To Use PayPal?[/h]
PayPal is widely considered one of the safest and most secure online payments systems on the planet.
It is accepted as a
method of payment on millions of websites. Plus, despite an on-again-off-again history with online gambling sites, PayPal is now accepted at several
online gambling sites in New Jersey.
PayPal is truly
worldwide. It operates in more than 20 markets, in as many as 25 different currencies, and boasts up to
200 million active users. These users employ PayPal to send, receive, and hold funds.
PayPal users can send and receive payments for online auction sites, and buy and sell all kinds of goods and services all over the internet.
Now, thanks to a
softening in its policy in regards to online gambling, and an agreement with a number of New Jersey online gambling sites, NJ gamblers can use PayPal to
deposit funds to play with and
withdraw winnings. [h=2]Which NJ gambling sites accept PayPal?[/h]
PayPal is now accepted as a method of deposit and withdrawal by seven different legal and regulated online gambling sites in New Jersey.
These sites include:
[h=2]Deposits and withdrawals on NJ gambling sites with PayPal[/h]
Making a deposit on an NJ gambling site with PayPal is a
three-step process.
First, users must ensure the
email address they use for both the NJ online gambling site account and PayPal are the same.
Second, the user must make sure there are
available funds in their PayPal account.
PayPal accounts can be funded through a
transfer from another PayPal account or
direct bank transfer. PayPal also accepts
credit and debit cards, but there is a 2.9 percent of the amount plus $0.30 per
transaction fee. Plus, several NJ gambling sites claim they
do not accept PayPal deposits from PayPal accounts funded by credit and debit cards.
NJ online casino players who successfully make a deposit using PayPal can also
withdraw fundsusing the online payment processor. [h=2]Is PayPal safe and secure?[/h]
PayPal is
licensed as a money transmitter subject to many of the same rules and regulations governing US banks. As a result,
your money is as safe with PayPal as it is with any bank in the US.
PayPal also keeps all of its users personal and financial information safe using uses
Secure Sockets Layer (SSL) encryption technology.
Additionally, PayPal offers
Buyer Protection and
Account Protection programs. These programs help solve disputes, prevent fraud, and provide an additional protection.
The truth is, PayPal is one of the
most secure ways to fund an NJ gambling site account. [h=2]Are PayPal funded NJ gambling sites safe?[/h]
New Jersey online gambling sites are licensed and regulated by an arm of the
State Attorney General’s Office called the
Division of Gaming Enforcement.
Additionally, each is either owned, operated, or associated with one of
Atlantic City’s brick-and-mortar casinos.
The
government oversight is there, and the casino industry has been a
trusted one in New Jersey for more than 40 years.
Of course, the government has regulations in place that
guarantee the safety of all player funds and the games are
rigorously tested for fairness.
The NJ gambling site business is totally above board and PayPal gives it all an
added layer of integrity.
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Golden Nugget is our favorite NJ online casino, and for good reason. It has more than 500 casino games (the most in New Jersey) and offers live dealer games. It also has great deposit options and an easy-to-use online and mobile interface. [h=2]The history of PayPal and NJ online gambling sites[/h]
PayPal launched in 1998, and online gambling sites around the world soon became one of the online payment processors largest business partners.
Online auction site
eBay struck a deal to buy PayPal in 2002. Soon after, the
U.S. Attorney’s Officeaccused PayPal of processing payments for what it deemed were
illegal gambling operations.
PayPal and eBay agreed to pay a
$10 million fine to settle allegations they had aided illegal offshore online gambling sites. After that, the company instituted a
strict no-gambling transaction policy.
This policy stayed in effect for almost seven years. However, by that time, governments around the world had started legalizing and regulating online gambling. In 2010, PayPal moved back into the
online gambling market, acting as payment processors for licensed and regulated sites in
Europe.
PayPal proved once again to be interested in working with online gambling sites, but only if they were
licensed and
regulated by local governments.
Caesars Interactive Entertainment’s NJ online gambling sites struck a deal to start accepting PayPal in 2015. Two sites operating under
Golden Nugget Atlantic City’s internet gambling license jumped aboard in 2017.
There are now seven legal, regulated and reputable online gambling sites in New Jersey that accept PayPal.
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Golden Nugget is our favorite NJ online casino, and for good reason. It has more than 500 casino games (the most in New Jersey) and offers live dealer games. It also has great deposit options and an easy-to-use online and mobile interface. [h=2]NJ online gambling and PayPal FAQ[/h] [h=3]Are there any fees for using PayPal?[/h]
NJ online gambling sites
do not charge users a fee to make a deposit using
PayPal. PayPal has credit card fees, but most NJ online casinos will not accept PayPal deposits from accounts funded by credit card.
There are
no fees for funding a PayPal account by electronic funds transfer or directly from a bank account. [h=3]Can you use PayPal to deposit without an account?[/h]
Players must create a PayPal account to use it as a
deposit method. Plus, the email address must be the same one associated with the NJ gambling site account. [h=3]Can you use someone else’s PayPal account?[/h]
A PayPal account used to deposit at an NJ gambling site must belong to the NJ gambling site account holder. It must also share the same email address. [h=3]Why don’t I see PayPal as a method for withdrawal?[/h]
PayPal will only appear as a withdrawal option once a deposit is made using PayPal. [h=3]How do I make a withdrawal from PayPal?[/h]
PayPal
withdrawal options include the same methods used to deposit funds. Plus, users can request an
electronic check and
check by mail. PayPal users can also obtain a debit card that can be used at ATMs and where most credit cards are accepted. [h=3]What are the pros and cons of using PayPal?[/h]
PayPal offers
instant deposits. Plus there are several ways to fund an account. Additionally, PayPal can be used for traditional purchases all over the internet.
There may be
credit card deposit fees associated. Plus, the
withdrawal process can sometimes be
slower than other online payment processors.