Deposit Methods at Casinos

Deposit methods at online casinos are a consistent changing climate for those in the states although the current banking solutions have been around a while now. Debit cards have been working (Visa) since April '08, which was not the case a short while before that, although it has always largely depended upon your chosen banking institution as to whether deposits were allowed to go through.

A law passed in 2007, the UIGEA (unlawful internet gambling enforcement act) made it illegal for banks to allow financial transactions to online gambling establishments but that was a ridiculous joke which never really got off the ground before it was shot down via a memo from Senator Barney Frank to the Treasury department telling them to stop all prosecution/persecution of online gambling transactions because its a law that is never going to be enforceable and was very poorly conceived on many more levels than just this most obvious point.

Debit cards should be working again if not all ready then it is just around the corner, likely dependent upon when the next time the decision makers of your banking institution get together to unanimously agree that it is safe to allow their customers to spend their money how they see fit. Up until now that has been a deciding factor for banking institutions. You know how cautious bankers are to begin with, and then throw in the threat of possible prosecution and bankers are diving for cover and turning down purchases which had nothing to do with online gambling. Which incidentally was part of the reason it was decided this law could not be enforced in a reasonable manner. A lot of merchants were losing sales because they couldn't get the sale to go through the bank processors. 

 

 

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