Online casino operator 32Red.com has passed the stringent PayPal acceptance criteria and is now offering PayPal facilities as a depositing and payment option to its clients.
The online casino does not accept players from the United States, where PayPal has previousy shied away from online gambling processing after a stiff $10 million settlement was levied on it by enforcement officials some years ago.
PayPal is now offered by a growing number of Europe-facing Internet gambling groups that includes PartyGaming and 888, along with upwards of 70 other operators in the industry.
32Red’s COO, Pat Harrison is on record as saying he believes the reformed Gambling Act in the United Kingdom and the European Union directive on money laundering have acted as a security assurance, and that PayPal is far more open to Internet gambling companies than was formerly the case. Harrison commented that getting a PayPal approval rating was one of the most onerous due diligence processes in 32Red’s experience as a tier one online casino operator.