PayPal, which is owned by eBay, which historically was a major lobbyer to get anti-egaming payment processing legislation passed, has signed a deal with Neovia, which is the parent company of Neteller, which was once the largest online gaming payment processor. Yep.
The deal enables PayPal to be used as a payment options on eGaming sites that use Neovia’s Netbanx.
Internationally, PayPal has slowly been making more and more re-entries into eGaming, including a deal with PKR.
PayPal withdrew its services from the online gaming industry in 2002. Now PayPal general manager for merchant services Cameron McLean says this Neovia deal, “offers PayPal an excellent way to reach this significant audience.”
Read more about the PayPal-Neovia deal here.