American Express now popularly known as Amex had been in operation for more than 150 years. This makes it one of the oldest, if not the oldest payment methods available today. They are a well-trusted brand. The brand is also associated with prestige finance. American Express is the most popular payment method for people doing online transactions in the United States. American Express gained this popularity through the provision of convenient, safe and reliable means of processing transactions. Their services are available to both individuals and companies. They claim to be the largest issuer of cards in the world processing several millions of transactions daily. Read on below to see the American Express in online casinos.
American Express and online casinos
Most online casinos currently do not accept payments or withdrawals using American Express cards. Banking and Finance regulations in the United States of America are the main cause of this. The strict federal laws in America concerning online gambling make processing transactions through America Express unfavourable to many online casinos. These laws prohibit financial institutions from processing gambling-related funds.
There are some online gambling companies that accept American Express cards. Most of these companies are some of the biggest online casinos. This means players who prefer to use American Express in online casinos can still play in some of the best online casinos. Players can process both deposits and withdrawals using Amex cards. Making deposits into the players casino account is relatively easy. It is the withdrawing that is difficult. However, it is only difficult when making a withdrawal for the first time. The casino requires documentation to prove that the account is yours before processing the first withdrawal. This is done primarily as a safety measure to protect players’ funds. Once the account is verified every other withdrawal is easy.
How Amex functions in online casinos.
Cards issued by American Express function in the same way that Mastercard and Visa cards work. The cards can be used to make online purchases among other things. Most institutions accept American Express cards as a means of settling accounts. Players are required to submit their card details with their deposit or before they make a deposit. The process of making a deposit usually requires players to have the card with them at the time of making the deposit. This is because the casino will request the security code on the card to confirm the transaction is being processed by the card-holder. This is another security feature that prevents identity thieves from stealing players’ funds. The financial institution uses at least 128-bit SSL encryption to safeguard players’ personal information during the transfer of transaction data.
Benefits of Using American Express in Online Casinos
Players can make larger deposits into their online casino account when using the Centurion American Express card and the American Express Platinum card. Online casinos will lift deposit limits for holders of these cards. American Express customer care is available to clients 24 hours of every day. The customer care service is available from any region in the world. As part of their customer care service, they run a loyalty scheme where they offer rewards to their customers’ every time they make a purchase.