Problematic Credit Card Payments

Published April 27, 2006 by OCR Editor

Problematic Credit Card Payments

The obvious choice of payment might seem to be by credit card. Newcomers to the gambling world these days might be surprised to find out that paying by credit card might be harder than expected.

Since most online purchases and payment for services on the internet are by credit card, it might seem obvious that paying for games is also done this way. However, this is actually not the case. The process of paying by credit card is full of hurdles and difficulties, which probably explains why most people nowadays prefer to pay using alternative means and methods.

Since many of the gamblers are from the United States, credit card companies from this country are not allowed to authorize payment. This is because online gambling in the US is illegal. This means that many, if not most, transactions by credit card are declined. Giving out credit card information over the internet is also something that people do not like to do. Online gambling sites thus encourage their customers to use other forms of payment.

A final reason why credit cards are becoming a thing of the past is simply because they are more expensive than other forms of payment. Not only do the customers pay, but also the sites themselves. It is no wonder then, that Neteller and the likes are becoming so popular.

See also

Lenders Can Tempt Problem Gamblers with Credit Card Use Even Though Operators Can't

Credit Card Companies Move Toward Regulated US iGaming Transactions

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