Before the US Congress passed the Unlawful Internet Gambling Act, transactions with online casinos were quite convenient and easy. Today most banking institutions are declining their customers' request to do any type of credit or debit card transactions related with online gambling. The size of your bankroll does not have any bearing at all, banks are simply refusing to carry out this type of transactions, even though this law has not been finalized yet.
Although most major credit card companies do not accept online gambling transactions there are some that do, but then these transactions are treated as "cash advancement" which bear a much higher interest rate. For this reason more and more online gamblers and online casinos are shying away from using Credit and Debit Card payments to handle their online gambling transactions, instead many are opting for online processor services, which have become very popular in the online gambling community.
With the introduction of this new Act on Internet Gambling, more and more online based processor websites are popping up on the internet as these entrepreneurs realized the need for such a service. Today there are many different methods for deposit and payment transactions at online casinos. Some of the popular online companies offering these online processor services are; Bank Wire/E-wallet, Pre-Paid ATM, NETteller, Citadel, Fire Pay, Eco Card and Click2Pay and even though these are all web based companies that are accessible to anyone who has internet access, if you happen to live in the USA, depending on which online casino you happen to log into, you may or may not be able to sign up for these services.
Whatever the outcome of the Unlawful Internet Gambling Act, and despite the banks refusal to carry out Credit Cards/Debit Cards transactions relating to online gambling, it is in the interest of the online casino websites as well as the online gambling community to find a way to work around these obstacles and ensure that online gambling will be around for a very long time to come.
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