Credit Cards Making a Comeback as
Do you remember the days when credit cards were the most popular payment
method when sending money to an online casino? While you can still use
MasterCard and Visa to make deposits it is a lot more difficult and
many people avoid them altogether. Could credit cards be making a comeback?
You probably already know that the United States is slowing allowing
more online gambling but it is on a state by state basis. We know about
Nevada, New Jersey and Delaware but other states are looking at getting
involved as well. When the UIGEA came into effect in the United States
it meant that MasterCard and Visa had to put in some rules regarding
online gambling transactions. With more states looking at online gambling,
the credit card companies are making some changes.
MasterCard has gotten a head start as they are already dealing with
Ultimate Poker and accepting MasterCard transactions from gamblers in
the state of Nevada who make deposits with the company. All it takes
is a different classification under the Merchant Category with MasterCard
and the problems with the UIGEA are bypassed. MasterCard simply added
some more codes which means they are fine because online poker is legal
now in the state of Nevada.
Visa is a bit behind MasterCard but they have realized what is going
on and they donít want to be left out. They have a merchant verification
program so if a company is deemed valid they can get a specific code
and wonít be blocked as an online gambling company. Whether the U.S.
government accepts Visa doing that is another story. But with more and
more states looking at online gambling it is becoming clear that Visa
and MasterCard will be popular ways to fund accounts for gamblers.