They’re back. PayPal, the popular online money transfer company, is back in the online casino market. PayPal is one of the most popular businesses of its kind on the Web, but last year they pulled out of the online gambling industry. Citing concerns over hostile legislation, particularly in the United States, the e-commerce business decided to break from the industry entirely.

That split left a lot of people wondering how to transfer funds to and from online casinos, especially when the two popular credit card companies, Visa and MasterCard, both started blocking transactions involving online casinos. Though other alternatives, such as prepaid gift cards and e-wallet sites, have become available, nothing is big as PayPal has emerged as an alternative.

Now PayPal is rejoining the online casino industry, albeit slowly and cautiously. Ladbrokes and 32Red are the first two online casinos to sign deals with the payment transfer company. It has also been accounted that they have reached a deal with Virgin Casino, meaning their customers will soon be able to use PayPal to make deposits and withdraw their winnings.

Bringing PayPal back into the mix is good for online gamblers, because they are the largest, most popular and most trusted online payment and transfer processor on the internet. When it comes to financial transactions, using a name that you trust is very important. Now that they have dipped their toes into the waters of online gambling, here’s hoping they’ll jump right in.

Tags: casino deposit, casino withdrawal, e-wallet, Online Casino, online gambling, payment processor, PayPal, Paypal online casino