Skip to main content

PayPal Condemned for Letting Gambling Addicts Surpass Bank Limits

Recently updated on February 19th, 2019

Gambling legislators and watchdogs in the United Kingdom have spoken out against online financial services provider PayPal for allegedly allowing gamblers to circumvent bank limits. Due to this loophole in safety bank limit practices, some gamblers have been using the e-wallet to spend excessive amounts. Reports suggest perhaps even more than NZ$273 000 on gambling per day. Fears have risen that some suffering from this affliction could soon face bankruptcy if the trend continues.

bank limits paypal online gambling error

Reports that PayPal could be used to surpass bank limits at online gambling sites were made known earlier this month. Psychiatrist Henrieta Bowden-Jones, who specialises in treating problem gamblers, first stated that she heard about the loophole from one of her clients at the beginning of February. The patient gamble all of his savings away despite having reached his bank card limit. Since then, the issue has only gained more traction.

UK to Consider Stricter Bank Limits for Gambling Payments

The e-wallet giant has been urged to be more responsible with how it allows users to spend on gambling services. Following media reports regarding these concerns, PayPal has released a statement suggesting that it is possible that its service is being misused to allow compulsive gamblers to spend excessive amounts on the activity. The company went on further to say that it would be reviewing payment rules in future. This is to ensure that restrictions in this particular area are stricter.

The UK Department for Digital Culture, Media and Sport (DCMS) and the UK Gambling Commission (UKGC) have stated that they would being reviewing the payment method and safety surrounding it. They will also be reviewing credit cards later this year. All PayPal users need to do is have an active email account. They can then link their credit card to the account along with depositing funds into the account. If users doesn’t have enough funds in their account to pay, the remainder will come from their bank account.

For more on this story and other gambling-related news stories, keep it here at NewZealandCasinos.

Related Posts

Brisbane Casino Project Gets the Go Ahead – NZ 2018

Destination Brisbane Consortium Development NZ

Recently updated on January 3rd, 2018It would seem that 2018 will finally see the final Queensland casino resort being built. After many failed deals and issues for developers, the Destination Brisbane Consortium has won a bid. However, the troubles of Queensland’s next casino may be repeated for the Aussie company. Other bids were consistently opposed […]

Tararua is Failing to Stop Gambling after Six Years of the ‘Sinking Lid’ Policy

Tararua is Failing to Stop Gambling after Six Years of the ‘Sinking Lid’ Policy

Recently updated on April 5th, 2019With gambling-related harm at the forefront of Kiwi minds, Tararua was one of the first districts to limit gaming machines. Unfortunately, their ‘sinking lid’ policy is now in its sixth year without much to show for it. While other districts in New Zealand are trying to clamp down on the […]

Microgaming Partners with Neon Valley Studios

Microgaming Partners with Neon Valley Studios

Recently updated on September 14th, 2019Casino gaming giant, Microgaming is increasing its independent studio roster with the addition of Neon Valley Studios. The new partnership has already yielded new casino games for NZ players to enjoy. The association with the Microgaming allows players to receive the most popular story-driven casino pokies games with state-of-the-art graphics. […]