Paypal Update, if you use it a lot to send money to friends you should read..

[bleedingpurple]

http://www.madjacksports.com/forum/showthread.php?557628-My-paypal-is-redflagged&highlight=

For those who didn't see..

Ok I submitted everything they wanted, bank statements, ID, and a reason why I was receiving and sending money to various people. I told them it was for fantasy baseball and football among friends. (In writing)

I buy a lot of fishing tackle many times from my boat off the iphone so paypal is nice I can order off of ebay in 2 minutes without bringing out my card to purchase so this was really pissing me off.

Today I was STILL LIMITED, I called and I talked to a very pleasant lady who reviewed my account. She said she was taking my limitations off, I asked her if sending money among friends for fantasy sports was ok and she said yes it was fine. She said they were looking to see if I was sending money to gambling sites (what we all knew) and they were looking to see if I was sending to online fantasy sites. Didn't ask her what was wrong with that since they are legal, quite frankly I didn't care. She mentioned that with all the gambling sites etc. that they are really trying to crack down and they have to do it because they are monitored as well. We didn't get into by who but we can easily guess. So send away to friends all you want but be prepared to answer why. If your account does get limited it's best to call 48 hours after you submit the info, I waited too damn long.

Anyway I am happy for this... Whoot, now I will keep on the 33 board but we just have to say it is for fantasy sports. So I think I will receive via PP but payout via check.

 

[IE]

ONLINE PAYMENT PROCESSOR PAYPAL PLANNING A RETURN TO THE US IGAMING MARKET


AUGUST 13, 2014


Online payment processor Paypal may be ready to make a triumphant return to the US iGaming marketplace according to reports emanating from the OnlinePokerReporter.





When playing online poker, what do you take for granted?

For me, it?s the ease of moving money on and off the sites. I only need to press a few buttons and hey presto. My money pings from one place to another and not a single bead of sweat leaves my body.

I will not be alone in my praise of swift payment processing options, and this is why Marvin Gaye?s grapevine is jingling with anticipation, after Chris Grove of the OnlinePokerReporter revealed news that Paypal are preparing for a US comeback tour.

?Paypal plans to announce a foray into processing regulated online gambling payments in the coming months, according to a source with knowledge of the company?s plans.? Said Grove.

With Visa and MasterCard payments still carrying a decline rate of 25%, and journeys to/from cash cages eating away at online poker player?s life, the return of Paypal will be a breath of new air.

Paypal has over 150 million worldwide users, and it?s an extremely popular method of ePayment in the US with almost every household brand offering Paypal as a payment processing option.



They are trustworthy, they are quick and they are easy.

?While we?re note yet in the business of solving gridlock, we know that wherever we can shave time from the payments process for our 148 million active account holders, we?re giving them back one of life?s precious resources.? Paypal stated in a recent study of Global Attitudes towards time, money and tech.

That particular study revealed that 70% of the world believes that technology should make payments simpler, connected, faster, and with more choices available. They have asked the question, and now they intend to deliver the answer.

Paypal are exactly what the US iGaming network needs and they have form. Not only were they one of the biggest US payment processors prior to the 2002 acquisition by eBay (when they withdrew from the US online gambling payments market), but also process millions of dollars for online poker rooms, sports books and casinos all over Europe.

Earlier this year Paypal dropped Iovation as a third party that they would share customer information with. The fraud prevention platform that was set up by Greg Pierson, whom you may recall created the infamous ?God Mode? that Russ Hamilton used to extract a princely sum from unsuspected online poker players plying their trade on Ultimate Bet (UB).

 

[hedgehog]

Thanks for update BP, I use paypal all the time :0008

 

[IE]

i can't see how paypal can limit anything with fantasy or contests when espn has setup their own instant payment processor.

https://espn.tilt.com/?leagueId=17819&teamId=-2147483648&isLeagueCreator=false

 

[Woodson]

Because ESPN can show an audit trail as the provider of services whereas PayPal is acting as a money transfer agent. They must know their customers and the intent of the funds per the Patriot Act.

 

[IE]

ah yes, your right.

thanks Woodson.