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Online casinos >> The online casino bonus dilemma
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Online casinos troubled by credit card issues:

Credit card deposits have been a growing problem at the online casinos, but more so lately with a few changes USA facing casinos woke up to. MasterCard, one of the world's largest credit card issuers recently implemented a complete and quite comprehensive ban on online gambling deposits using their branded cards and that includes the online casinos, as well. Analyzing a large chunk of data related to online gambling transactions, the credit card issuer was able to identify a large number of processors working for various online casinos and other gambling websites and effectively block all transaction, leaving the online casinos without an option for MasterCard processing.

 According to various reports, the MasterCard online casino transactions were easy to spot by the multi-billion dollar company. The majority of the transactions were initially coded as gaming and once the authorization for them failed - they were bounced to a different credit card processor and the same transaction was repeated, but this time the code which identifies the nature of the merchant was chanced to something different than gambling and raising less suspicion. MasterCard was quick to catch up to those processors and the action alone was enough for every other business working for the online casinos to stop instantly processing gambling transactions with MasterCard credit cards.

 This is indeed bad news for many online casinos, considering that MasterCard equals to roughly half the credit card transactions attempted at an online casino. The result was even worse, if some reports claiming that MasterCard credit card transactions had higher success rate for the online casinos, are true. To make matter worse, rumors are currently circulating in the online gambling community that VISA is also looking to implement similar ban on gambling and casino related online deposits, although many processors claim that they still accept VISA credit card deposits.

 Players, however, still have plenty of choice when it comes to depositing at the online casinos. Ewallets funded by a checking account through an electronic check or direct deposit are currently the best way to deposit money at the online casinos if a credit card is not an option.





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