Gfinity Part Ways With PayPal; And The Coalition Creates Gears of War eSports Circuit With $1m Guaranteed Prize Pool

eSports event organiser Gfinity have parted ways with PayPal after the online payment processor pursues more concrete legal data on the flow of eSports cash through their channels, and Microsoft and The Coalition create Gears of War eSports circuit with a $1m guarantee.

It seems the recent skin betting debacle has reached the eyes and ears of the payment processing giant PayPal. According to industry sources such as sbcnews and Dexerto, PayPal has started to tighten up their knowledge and understanding of the flow of eSports cash, and it’s already caused one eSport giant to jump ship.

eSports event specialists Gfinity has been in the business for seven years has over 532,000 registered teams using their site, and over 165,000 Twitter followers. In the past week, they took the decision to divorce from PayPal telling Dexerto that PayPal’s new demands (they wanted them to retrieve legal documentation from all countries of involvement and each US State) would be too cost prohibitive, and the process would take too long. Gfinity does business in more than 25 countries. PayPal wants assurances from their eSports partners that the money moving through the site hasn’t passed through gambling mitts.

Gfinity made an announcement on their website that they would be switching to a debit/credit card system. Also, subscribers have to withdraw their funds direct to their bank account, can only make one withdrawal per month, and will be charged a £3.00 transaction fee.