Posts Tagged ‘usa casino deposits’

Credit Cards No Longer Reliable For USA Casino Deposits; eWallets More Popular

Thursday, February 25th, 2010

Not many people are fans of credit card companies, and we are no exception to this supposition. The two largest credit card companies have recently come down pretty hard on the American online gambler. VISA and MasterCard have both been ramping up their measures against online gambling payments. These two credit giants have been a thorn in the side of many players, as depositing with their cards is notoriously difficult through some online casinos, especially the larger online casinos.

Perhaps in response to the Unlawful Internet Gambling Enforcement Act, VISA and MasterCard have been pushing toward compliance. For those who do not know, the UIGEA has made it so payment processors must stop processing payments related to online gambling. Many companies have already seen indictments and massive fines in order to stop this sort of thing from going on. Additionally, some credit card companies view gambling deposits as “high risk activity.” Perhaps out of fear of pathological gambling (an illogical fear, as barely 1% of the population suffers from pathological gambling) or maybe due to the possibility of huge losses, credit card companies are ever fearful of these deposits. (more…)