Internet Payment Companies working with Casinos

Published November 7, 2004 by OCR Editor

Internet Payment Companies working with Casinos

The Online Casinos have recently been forging alliances with some of the best online payment companies. You may have even noticed some promotions or bonuses at your favorite casino offering you extra credit or money for using one specific online payment m

The benefits of such tight cross-promotions are good for everyone including the online player.  One of the most important aspects of gambling online is to understand how the online payment system works and how choosing a specific company can benefit you the most.  

Neteller is one of the largest, most widely used and most secure online payment systems on the net.  Recenty there was a technical problem with Neteller that left many of their clients without an online payment system to use for a short while. The problem was fixed and the player's transactions returned to normal but clearly the amount of growth in this area posed a burden on the Neteller system. This is what they had to say about it:

NETeller has had unprecedented growth and has found it necessary to accelerate the upgrading of our capabilities to accommodate the increase. Some of the upgrading is underway at the present time. An example would be our server and network upgrade to the tune of $1,000,000 +. This multiplies our capacity by at least 5 times at the data base and makes us horizontally scalable to meet client and merchant demands.

While no online system is perfect the objective of many of these companies is to try to be as close as possible.  The massive increase in online casino goers is causing a burden on the infrastructure for some of these companies.  Since the major credit cards and PayPal stopped support direct transactions with the online casinos many of these online payment companies had to fill the void.

When you are choosing an online payment method it is good to closely examine the company you are going with. For instance check the review sites to see what people are saying about the companies. Also check to see if all the best online casinos actually work with these payment systems. The more that do, the more reliable and reputable they are. You want to make sure you pick a secure system and it doesn't hurt to to pick up a few perks in the form of bonus offers along the way.          

See also

Hopes for Industry to Rise with Neteller

In It Together for World Poker Tour

Congress Hearings on Gambling: Summary

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