PayPal Does Not Accept Funds For NCAA Tournament Pools, But Others Are Willing To Incur The Risk

For college sports fans that are entering private NCAA Tournament pools, finding a payment processor that is willing to accept your pool's entry fees may prove to be a challenge. Most of the large U.S. payment processing companies understand that the Unlawful Internet Gambling Enforcement Act makes it illegal for any payment processor to “knowingly accept” funds “in connection with the participation of another person in unlawful Internet gambling.”