History Of Paypal and Online Poker
This was published 30-04-2008Paypal has become the most recognized payment processor for online transactions and many poker player wish they could use this method to fund their online poker sites. Here is a brief history of Paypal with online poker, and which poker sites will still allow you to make a deposit using your paypal account.
PayPal was founded in late 1998 by American Peter Theil, former securities lawyer and options trader. Along with several friends from Stanford University they created a company called Confinity. The company began to grow very quickly as people looked for an alternative to credit cards for buying things online.
Fast forward to 2004, online poker was in its boom. Everyone was signing up for accounts to play poker online, but they needed a way to get money into their player accounts. At one point Paypal was widely accepted for use with online poker sites for everywhere in the world from the United States to the United Kingdom. Unfortunately a few years back Paypal changed this stance and currently paypal can only be used for gambling in a few places accross Europe.
Today, a few sites still accept paypal as a deposit method for online poker. These can all be seen on our paypal for online poker page.
