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PayPal Back Online Gambling Track with Neovia Deal

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Anyone familiar with the online gambling industry and its history will recall
how leading e-wallet provider, PayPal, stopped processing online gambling
payments in 2006 following the U.S. crackdown on the internet pastime, but that
is set to change after the firm signed a deal with Neovia Financial.

The deal will mean that Neovia Financial Plc, a successful UK independent global
online payments company, can now add PayPal as one more payment method available
to its vast customer base. In other words, PayPal will now be included in
Neovia’s Netbanx Payment Gateway which its merchants can access.

Currently Netbanx Payment Gateway allows Neovia’s merchants to accept payment
from customers using VISA, Maestro, Diners Club, American Express, Carte Bleue,
Carta Si and JCB debit or credit cards, as well as other popular e-wallets
including Neteller, Giropay, ELV, DirectPay24, Ukash and iDeal.

Said Neovia executive vice president of Sales Marketing and Products, Dan Starr,
‘We are very pleased to be able to add PayPal to the range of payment options
available to our merchants via our Netbanx Payments Gateway, giving their
customers more choice in how they want to purchase their goods online.’

There is no doubt that Neovia’s merchants will be thrilled at the news
considering that PayPal boasts over 20 million accounts in the UK alone. One of
the biggest draw cards of PayPal as an online payment method for consumers is
that it allows them to shop online without having to disclose their financial

It is estimated that in Europe already over 150,000 merchants accept PayPal as
an online payment method, including leading high-traffic UK e-commerce sites
such as eBay, New Look, Boots, Just Giving, Topshop and Monarch Airways. Now UK
online gamblers can use PayPal to fund their casino accounts.

Said PayPal General Manager Merchant Services, Cameron McLean, ‘We are delighted
to have signed this strategic partnership with Netbanx – one of the leading
market payment service providers. Netbanx has a great merchant portfolio and
this partnership offers us an excellent way to reach this significant audience.’

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