Internet, Mobile & Sports Betting
|Paypal would add legitimacy to a market that has struggled on the processing side of the business. Visa and Mastercard payments still carry a decline rate of at least 25 percent. Some players are also running into problems with electronic checks. Neteller, Skrill, and site-specific debit cards have a nearly 100 percent acceptance rate. The branding of these payment processors is not familiar to many recreational players. Adding a powerhouse like Paypal to the U.S. regulated online poker and casino industry will give access to players that may otherwise be out of reach. Paypal boasts over 150 million worldwide active users.