Yahoo says no more credit card deposits for daily fantasy sports, PayPal okay

Internet giant Yahoo has informed users of its daily fantasy sports platform that they can no longer make deposits using their credit cards.

On Wednesday, Yahoo users reported received emails from the company saying it would “no longer accept credit card deposits into Yahoo Sports Daily Fantasy accounts.” The new restriction went into effect immediately.

Yahoo stressed that it would continue to accept DFS deposits using the PayPal online payment processing service. Yahoo also said it would “continue to evaluate all payment methods and will look to implement other methods if they become available.”

PayPal issued its own statement saying it was also continually reviewing and considering “ongoing developments in relation to Daily Fantasy Sports, including the announcements by DraftKings and FanDuel of their temporary withdrawal from certain states and the passage of legislation and regulations in other states.” But PayPal insisted it “continues to process payments for these businesses in states where they offer their services.”