[ebestbiz]

I have a friend whom PayPal account was closed some 2 weeks ago, because he had a sports betting picks service, and clients were paying through PayPal.

It seems that they introduced a new point in the rules, that no money can be exchanged in PayPal which is related to any kind of gambling activity, and selling picks is considered that (is considered information that leads to effective gambling).
Only companies which can prove that are registered in jurisdictions where gambling is allowed and that all there clients live in jurisdictions where online betting is not prohibited can use accounts to such activity.

Now all this is total and sky high BS, because first they did not informed well before my friend about this new regulation (they simply closed his account, but let him get out his money), and practically they destroyed his business built in almost 2 years, and secondly, a ton of handicappers and handicapping companies take payments through PayPal and absolutely none can prove that all their clients live in jurisdictions were sports betting is legal.

They should close all accounts used to take money for selling picks or allow all accounts to do this, simply as that...
But they do it selectively, which is again BS.

[LOVEBETTING]

thats really crap he should use a other pay service

[ebestbiz]

The real cr...ap is that all other online payment solutions have horribly high in an out exchange fees compared to PayPal. Plus it takes a very long time to fund them and withdraw money.

This is a real headache too, because I'm part of a small and very successful group of sports bettors, and we had a paid picks sharing club for a very long time now.
We all are using PayPal, since we were only just 21 persons... and PayPal has no idea that this is about sports picks, unless one of us would be an idiot and email them about, and they would investigate.

But for a while we are planning to extend to around 100 people, and put in other goodies for members... but then we can no longer use PayPal, just the old, trusted members between us. For the others we'll need to use Liberty Reserve or AlertPay, and they are pain in the a....s to use.

[LOVEBETTING]

Originally Posted by ebestbiz

The real cr...ap is that all other online payment solutions have horribly high in an out exchange fees compared to PayPal. Plus it takes a very long time to fund them and withdraw money.

This is a real headache too, because I'm part of a small and very successful group of sports bettors, and we had a paid picks sharing club for a very long time now.
We all are using PayPal, since we were only just 21 persons... and PayPal has no idea that this is about sports picks, unless one of us would be an idiot and email them about, and they would investigate.

But for a while we are planning to extend to around 100 people, and put in other goodies for members... but then we can no longer use PayPal, just the old, trusted members between us. For the others we'll need to use Liberty Reserve or AlertPay, and they are pain in the a....s to use.

i really wonder how they found out then???

[freebet]

Is this for paypal worldwide or just american citizens?