PayPal to Stop Processing NY Gambling Charges

Share this content:
Online payment processing firm PayPal Inc. agreed to stop processing payments from gamblers in New York state to online casinos under a settlement with state attorney general Eliot Spitzer, the two said in separate statements yesterday.


PayPal will stop processing the payments by Sept. 1 and pay the attorney general's office $200,000 to cover investigative costs. The settlement is the latest shot in an ongoing battle Spitzer has waged against online gambling.


"This agreement continues the work of my office to enforce the law prohibiting illegal gambling, online or offline," Spitzer said in a statement. "This case shows that we intend to stop any company who facilitates illegal gambling transactions."


In June, Spitzer said that Citibank had agreed to block online gambling transactions with its credit cards.


Spitzer contends that online gambling is more addictive than offline and that there is no way to prevent minors from gambling with credit cards.


In the settlement, Spitzer estimated that 1.1 million of PayPal's 17.8 million members list New York addresses.


PayPal is to be acquired by online auctioneer eBay in a deal worth $1.4 billion as soon as it is approved by shareholders, likely by the end of the year.


Loading links....
close

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here