
First Mastercard announced it would no longer allow their card holders to deposit funds on internet casino sites. Now Visa has followed suit, making it more challenging for players to place bets with online casinos.
This is due to the impending doom of the Unlawful Internet Gambling Enforcement Act which has been delayed until June. As more and more states are opening up to internet gambling, lawmakers have been feverishly coming up with ways around the act.
Iowa has plans to allow gamblers to open accounts at one of their 17 casinos, deposit the money in person, then be able to bet online with the money in those accounts. However, the bettor would have to go back to the casino to collect their winnings, or deposit more money.
For now, players can still use e-wallet payment options, such as Neteller and Moneybooker, where they can transfer money from their bank accounts into these third party accounts, which many online casinos allow for deposits.
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online gambling,
online casinos,
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mastercard,
credit cards,
uigea,
unlawful internet gambling enforcement act
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Online Gambling