The renowned software for blocking gambling sites Gamban has entered into a new partnership with the best-known payment gateway provider PayPal to facilitate the customers in selected territories to block their gambling transactions.
As gambling problems are increasingly becoming a primary social concern, this alliance with Gamban is expected to enhance the customers’ responsibility in the UK and across the US. Recognised as one of the widely used gambling payment methods globally, the collaboration enables PayPal users to restrict access to non GamStop PayPal casinos via NonStopCasino.org through the Gamban tool.
An Opportunity for Gamban to Expand its Reputation in the US
PayPal was established in 1998, and its popularity had increased when it acquired eBay in 2002. This e-wallet continues to climb at an immense rate in online gambling despite the appearance of various online payment services. The UK Gambling Commission established a regulation to ban credit cards from gambling in April 2020, and since, the measures for gambling harm prevention have focused on payments methods. This initiative is approved by the Betting and Gaming Council (BGC), and today, some countries follow this approach.
The gambling industry and the regulatory authority redouble their efforts by implementing different approaches to ensure that environment for gambling is socially responsible. One of these policies is the further restriction on payment options eligible for gambling. A ban on credit transactions has already been introduced, and the alliance between Gamban and PayPal is the following measure to curb gambling problems.
Last year, the UKGC Interim Chief Executive, Andrew Rhodes stated: “Protecting consumers is at the heart of everything we do, we introduced this policy as part of our multifaceted work to reduce gambling harm”. Gamban expansion is continuously climbing and last year, the organism announced that it would update its self-exclusion system to block the users’ access and engagement with FX, crypto and currency platforms.
The Partnership Marks Gamban Constant Expansion
Launched in 2015, Gamban is a reputed blocking software application established by the UK leading national charity GambleAware. This independent organism is responsible for improving public awareness of gambling harm by funding projects associated with gambling.
Gamban was awarded different prizes thanks to effective policies and initiatives to prevent problems associated with gambling. Its collaboration with PayPal symbolises the continued growth of this gambling website blocker. The company announced last year that it planned to update its self-exclusion system to ban the users from accessing FX, crypto and currency trading platforms.
A statement on Gamban’s website read: “PayPal offering its users the option to block gambling transactions is a welcome addition to the gambling recovery toolkit”.
“As we’ve always said, to give yourself the best chance of successfully overcoming your addiction, you may need more than one tool. Between blocking gambling transactions at your bank and PayPal, blocking online gambling with Gamban, self-excluding yourself with GAMSTOP and seeking support from GamCare you’ll give yourself the best chance at recovery.”
The payments blocking agreement with PayPal allows Gamban to enhance further its reputation in the US gambling sphere, which has seen a quick increase since the repeal of the PASPA (Professional and Amateur Sports Protection) Act of 1992 in 2018. Gamban has already collaborated with the Problem Gambling Help Network of West Virginia, Pinnacle and, FanDuel to raise awareness of this free gambling blocking software by accessing its service to those in the Mountain State. The partnership with PayPal is an opportunity for Gamban to conquer the US gambling market as this country is in the top position to have the highest problem gambling rates.
PayPal is the world’s biggest online payment system and with its partnership with Gamban, both the UK and the US users can block their banking from gambling transactions. Without surprise, this popular gambling payment method is aware of the users’ depositing and withdrawing funds to online gambling sites. One thing is for sure, a large number of gamblers have been able to deposit huge amounts of money through PayPal.
The alliance comes at a time when responsible gambling has become important in the British gambling industry. Gamban and PayPal’s cooperation is ahead of the White Paper on the 2005 Gambling Act review expected in spring 2022. As the gambling damages have increased in the UK despite the stringent regulations and measures to protect consumers, the White Paper on the 2005 Gambling Act review is crucial according to the government.