Why Banks Decline Debit and Credit cards Deposits From Online Casinos

There was a time when it was rather easy to gamble at online casinos using your debit or credit card to make transactions, but not so anymore since the US Congress passed the Unlawful Internet Wagering Enforcement Act in 2006. Now with this new law in the making most bankers are regressing their customers request to slot deposit dana do just about any credit or debit card transactions pertaining to online wagering casino websites. It does not matter the amount of money is in your account, the banks are just refusing to carry out this type of transaction, even though this law have not yet been finished.

Many of the major credit card companies do not accept transactions for online casino wagering purposes, however, there are a few exceptions to the rule, in other words there are some credit card companies that will accept these online wagering transactions, but because they usually treat these transactions as a sort of “cash advancement” anticipate to get charged a very high rate for you bill payment statement. For this reason more and more online gamblers and online casinos are shying away from using Credit and Debit Card payments to perform their online wagering transactions, instead they are opting for online processor services, which have become very popular in the online wagering community.

With the introduction of this new Act on Internet Wagering more and more online based processor websites are showing up on the internet as these wise people realized the importance for such a service since the new law on Unlawful Internet Wagering Enforcement Act was announced in 2006. Today there are many different selections for completing deposit and payment transactions at online casinos. Some of the popular online companies offering these online processor services are; Bank Wire/E-wallet, Pre-Paid ATM, NETteller, Citadel, Fire Pay, Environmental Card and Click2Pay and even though these are all web based companies and therefore available to everyone who has access to the internet, if however you live in the country, depending on which online casino you happen to log onto, you may or may not be able to join up to for these services.

Long lasting outcome of the Unlawful Internet Wagering Act, and despite the banks refusal to carry out Credit Cards/Debit Cards transactions relating to online wagering, it is in the interest of the online casino websites as well as the online wagering community to find a way to work around these obstacles and ensure that online wagering will be around for some time to come.

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