The name American Express is a well-known credit card brand that needs no introduction. It is because it is one of the most commonly used debit/credit payment options worldwide, which has been around for many years, ‘dubbed the choice of payment supreme among others’. Because of its fantastic reputation, it is one accepted by some pretty amazing online casinos.
American Express, or simply Amex, began operations in the year 1850. It has been ranked number fourteen in the most valuable brands worldwide. This makes it a safe option to use when making purchases online, not least for using it as a payment method for funding an online gambling account.
Although the organisation dabbles in lots of areas, its credit card offering is one of the man reasons for the companies success and notoriety. They have over 100 million cards in circulation worldwide. In just America alone, their cards process around a quarter of all credit card transactions.
Using American Express card at the online casino is very easy and straightforward to do. Firstly you need to choose your American Express casino and sign up.
Next, head to the deposit page and choose Amex as your option of payment. Once you select American Express as your option of payment, you will need to fill in the information required by the casino. Extra information the casino would need usually includes a billing address and cardholder's name.
The instant you have submitted this information you will also have to type the amount that you wish to deposit in the assigned area when prompted to do so. The information you would need to provide would include Amex expiration date, card number, and CVV code behind the card as standard. Once you have confirmed, the amount usually reflects in your online casino account within 24 hours.
When it comes to making credit payments at the casino, American Express is one of the better options because the possibility of rejection is less in comparison to other credit cards.
Signing up is not required
Once you have attained your Amex card, you don’t need to create an additional online account before using it. All you need is input the details of your card when you want to make a transaction.
Fast, Safe & Easy Deposits
Payments are immediate when you use Amex and fund are credited the moment the transaction has been processed.
American Express offers players a considerable limit, which makes it beneficial for VIP high rollers who wish to make substantial deposits.
Lower security than E-wallets
E-wallets are much safer to use than regular debit/credit cards due to their double layer security features. Nonetheless, American Express is still considered a very safe option.
Just like other credit cards, there are fees involved in carrying out online casino transactions. Amex is not the cheapest option for making casino deposits, those the burden of expenses generally falls on the operator, in this case, the casino. Many casinos will choose not to accept payments using Amex it can be costly in transaction fees for the gaming establishment.
Inability to make withdrawals
When it comes to withdrawals, American Express is limited. Most the of online casinos that support this means of casino deposit do not allow withdrawals back on the same card. Most times, players would have to select an alternative way of withdrawing to receive winnings. It's best to make enquiries as regard your chosen online casino before you make deposits.
If you intend to use a credit card to make casino deposits, then American Express is by far one of the better options. But on the downside, most online casinos do not accept this as a method of payment because of the US due to the UIGE Act, and The costs of providing this payment method worldwide. Additionally, in comparison to other alternative means of payment, most online casinos do not allow for withdrawals using this method.
Nonetheless, this is still an option which stands out from the rest and is an excellent choice for high rollers to use in online casinos that accept this particular method of payment.