What future for mobile games? – News from the European gaming industry
PayPal, one of the largest and most popular online payment services, recently adopted new software to help customers better control their gambling habits. The software, developed by Gamban, allows users to set places a block to prevent their accounts from being used for gambling transactions. The move comes shortly after the UK banned gambling sites from accepting credit card payments.
PayPal is widely used around the world, processing more than 3 billion transactions per year, worth US$311 billion. Although the majority of them are for online shopping and other online purchases, the service is also used on gambling platforms. PayPal has become a popular way to make deposits and withdrawals at online gambling sites because it’s fast, secure, and easy to use. Users can create an account, add funds from their bank or card, and then make simple payments online.
Due to its worldwide popularity, most online gambling services accept payment made through PayPal. It is used internationally, so a wide range of top online casinos and sports betting sites offer support for PayPal payments. More iGaming platforms advertise does this to their users, letting them know that they can easily register and make a deposit to start playing.
Why does PayPal allow users to block gambling transactions?
Although gambling is fun for most people, it can become a habit and even an addiction. There has been a big push lately for iGaming sites to encourage responsible gaming, as well as offering support for those who have a problem. Most iGaming license providers will only license sites that protect players and encourage them to play responsibly.
One of the most effective ways to encourage responsible gaming is to give users the ability to block transactions. Most sites offer deposit limits that allow players to set the amount they are allowed to deposit weekly or monthly. Moreover, the The UK recently banned all gambling sites from accepting credit card payments.
In 2019, PayPal reviewed its services and found that a significant percentage of transactions were used for online gambling. Although this is not normally an issue, the review also found that a large number of these transactions were related to problem gambling. In this capacity, he has partnered with Gamban, a software provider, to introduce an automatic blocking system.
PayPal users can now go to their settings and configure the service to automatically block all payments made on an iGaming site. This makes it easy for anyone with a gambling problem to refrain from adding funds to a gambling site if they are trying to recover. In a statement, Gamban said the move was a welcome one which, along with self-exclusion and support, would give players a better chance of recovery.
What does this mean for the future of iGaming payments?
With gambling authorities such as the UK Gambling Commission now paying close attention to responsible gambling, iGaming sites need to be more careful about the payouts they offer and how they treat players. Additionally, payment services themselves need to consider the impact of allowing unrestricted gambling payments.
As software solutions improve, payment providers have more options that allow them to give players controlling spending habits. This software can automatically detect if a payment is made on any type of gambling site, including those related to gambling. Users can configure it to block transactions on gambling advice sites or other sites involved in iGaming.
Other payment services may also follow suit in the months and years to come, with most payment providers also concerned about being associated with problem gambling. The more payment services on board, the better, as problem gamblers can more easily control their habits and avoid going into debt.