They are the three musketeers of the modern world: Visa, MasterCard and American Express, the biggest names in credit cards worldwide by far. However, since most of these cards issued in North America fall under the purview of US-based financial institutions, cardholders may be at the mercy of current US laws and regulations. The simple question, “Can I use my Visa/MasterCArd/Ameriacn Express at my favourite online casino?” must therefore be answered “yes and no.”
As with “real-life” merchants, Visa and MasterCard are accepted at far more online casinos than American Express. Amex has consistently increased its reach in the internet gambling world throughout the 2010s, however. As stated above, US-based financial institutions are disallowed from processing transactions at most casino outlets and have been since 2006. Since American Express customers are overwhelmingly US or Canadian citizens, those representing the credit card giant do not allow their brand to be used at many online casinos to this day.
Nope! In online casinos, the idea behind depositing with credit cards is identical to the way it’s been done since the 1960s, albeit purely electronically. The player makes a deposit, enters their card information and the transaction is processed. Such transactions are typically completed instantaneously and you’re ready to play!
This may happen at the occasional online casino, but such charges are speedily going the way of the dodo. By 2020, such processing fees should be utterly non-existent at online casinos.
No exaggeration: Depositing at online casinos may be the safest way you’ll make any transactions online. Why? The bigger software suppliers such as Microgaming and Playtech , as well as worldwide-known gambling sites pride themselves on state-of-the-art encryption techniques that are bested only by government standards.
Welllllll … when it comes to withdrawing funds, some online casinos prohibit withdrawals to credit cards altogether – Visa, MasterCard, American Express or anything else, for that matter. In the case of some of those that do, the player may be charged a small transaction fee for doing so; these unfortunately will stick around until well after the demise of deposit transaction fee, it seems. Players should always expect a lag time of two to five days – any quicker turnaround is pure gravy, folks.
The players should also not be surprised by a request for a scan or copy of identification. Such is the price one pays for gambling online; they can’t *see* you come in the door, so this is considered a necessary step. Trust us: The last thing an internet casino operator wants is a failed claim of an illegal transaction made to a major credit card…