Posts Tagged ‘credit cards’

Why Credit Cards Fail To Make Deposits Into Online Gambling Sites

Monday, October 24th, 2011

Through online gambling sites, players tend to use a credit card to make deposits above any other method. The credit card is the staple funding option, offering instant access without any delays, all predicated on one possible complication – failed deposits.

Using a credit card with an online gambling site means you will have to face down the possibility of making no deposit at all, as credit cards can be rejected. There are a few reasons for this, though they are not very clear.

The main reason that a credit card can be rejected is because of the fact that some credit card issuers are under the impression that online gambling deposits are a “high risk” transaction. These card issuers will reject the payment, subsequently listing it as unauthorized.

Another reason that online gambling deposits are sometimes rejected is because of banking restrictions. Outside of “high risk” transactions, there are also banking restrictions that can sometimes cause online gambling transactions to fail. This commonly occurs with Bank of America and Capital One cards, though other cards sometimes fail.

While the risk of failure is there with every credit card, players have various alternatives that they can take advantage of. E-wallets are poised for easy transactions, though not as simple as credit cards. Bank transfers and e-checks can also be used as casino deposit methods, but the easiest access around can be found by way of credit cards.

Credit Card Success Rates Rise Through Online Casinos

Monday, October 3rd, 2011

The whole reason for alternative deposit methods is because sometimes credit cards fail to make deposits, but this is a problem that is seemingly going away. Through any online casinos, credit card acceptance rates seem to be closer to the 90% point than it used to be.

With the rising popularity of online casinos, more payment processors are beginning to emerge in the industry. With better payment processors comes higher success rates, though this is still not guaranteed. Credit card companies still have a say in the failure rate, which could still cause a card to be rejected. These payments are occasionally deemed “high risk,” and thus credit card companies are not favorable toward these deposits.

One thing that has come of the higher success rates is a new problem when making deposits into an online casino – fees for using a credit card. Some online casinos have installed fees for making deposits with a credit card, though this is rarely higher than a 5% fee. Still, players will have to pay a small fee through some online casinos, which is generally offset by way of deposit bonuses.

With so many casino deposit methods on the market, players never need to actually worry about using a credit card if they do not want to, but credit cards are still the staple deposit method in the industry. Those who wish to fund an account by way of this method should have no problems actually doing so.

Prepaid Cards Become More Important As E-wallets Are Lacking

Monday, August 1st, 2011

Many online casinos have ceased accepting deposit methods outside of credit cards, effectively forcing some players to turn to a method of deposit that may have been previously ignored – prepaid cards. The popularity of prepaid cards has risen substantially due to the lack of accepted e-wallets, which has brought many users to prepaid cards in order to circumvent failed deposits.

Prepaid cards cover a variety of individual options, generally based on the fact that there are many types of card. One could visit a handful of stores, including Wal-Marts, Walgreens and even gas stations, in order to find these prepaid cards. Though inherently functional, not all of these cards work for online gambling transactions.

In order to gamble online with prepaid cards casinos, players have to make sure that their particular cards are capable of functioning with international transactions. Most prepaid VISA and MasterCards are capable, but players must ensure that their cards are internationally viable if they are going to be used for gambling purposes. Failure to do so could result in a card that is going to end up being spent on other goods and services that could have been paid for with a bank issued card or cash, which is essentially a waste of fees.

Greendot, NetSpend and WebMoney are several examples of prepaid cards capable of being used internationally. The first is available through Wal-Mart and many other stores, while the latter two are generally purchased online. Each card has it’s own terms, conditions and fees, but all function just like a standard credit card.

Since prepaid cards function in the same way that credit cards function, players only need to enter the numbers on the front of the card. Payments are generally made instantly, these cards carry generally low fees, and security is guaranteed due to the inherent anonymity of prepaid cards on whole