Online casinos that accept credit cards, as you might guess, Red Dog credit card casino allows its customers to fund their virtual accounts with leading brands like Visa and American Express. This practice exists in many parts of the world, although some countries have passed laws prohibiting such transactions.
Credit card companies and networks
Most people use the term credit card issuer, but there is a clear distinction between issuing companies and credit networks. Issuing companies issue cards and profit from payment processing fees, account maintenance fees and interest. The networks, on the other hand, do the actual transaction processing and make money from the companies that pay for the privilege of using a particular brand.
Leading credit card networks
Four credit card networks act as intermediaries between credit card companies and merchants; they authorize and process purchases and set the terms of credit card payments, including merchant fees and fraud liability. We will focus on these leading networks and illustrate their impact on the market.
- Visa – This credit giant covers over 50% of the market; their cards are accepted in over 200 countries. The company was founded in 1958 and is now listed on the New York Stock Exchange. The brand is known as a reliable all-rounder for those who need a credit card.
- MasterCard – This company has just over 31% of the market. In terms of global popularity, these cards are accepted in 210 countries, a number that has grown steadily since their first Master Charge: The Interbank Card was launched in 1966. More than 25,000 financial institutions issue cards under this brand.
- Discover – This brand occupies just over 8% of the market. Discover cards are accepted in around 50 countries. The company is famous for offering its customers a high level of fraud protection. The company was founded in 1985. Today, it is famous for offering its customers cashback on every purchase made with the Discover card.
- American Express – or Amex, began in 1850 and has since earned an excellent reputation around the world. Their credit cards are accepted in more than 160 countries, and some 4.5 million American merchants accept Amex-branded merchandise. Although their customer base is relatively smaller, Amex caters to an elite customer base with excellent service.
Applying for the card
Whichever card you choose, the issuing company will require you to fill out an application form. Some of them are more demanding on their customers. That’s why American Express has a smaller customer base than the Visa or MasterCard brands. In the case of the latter two brands, it sometimes seems as if they are willing to give a card to anyone who can fill out a one-page application.
Using a credit card in a casino
The process of funding your online account should be quick and hassle-free, so casinos strive to make it devoid of complications that might prevent you from depositing funds. Once you have completed registering with a particular site, you can link your credit card to the desired amount you wish to deposit into your account, and in a few seconds the transaction will be completed.
Credit card companies servicing online gambling
Visa and MasterCard are the standard options for customers who wish to use a credit card at online gaming establishments. The main exception is the United States, where, following the 2006 Illegal Internet Gambling Enforcement Act, financial institutions were prohibited from knowingly processing online gambling transactions.
It can be quite difficult to find casinos that are willing to accept payments made through Discover or American Express. This is because both of these card brands prefer to avoid such transactions.
Online casinos that accept credit cards offer a quick and efficient method of funding your virtual gaming accounts. While not all companies want to interact with online gambling, Visa and MasterCard brands are openly cooperating with the industry. And since these are the two biggest brands in the industry, you can choose the option of their cards that suits you.
Is it really better to use credit cards for casino deposits?
So you’ve decided to explore the world of online casinos. You’ve already registered on the site and chosen your favorite game. You’ve also sorted out the welcome bonus. All that’s left to do is make your first deposit and start playing!
But this is where a lot of questions can arise about which deposit methods are best to use. From online wallets to bank transfers to eChecks, it’s no wonder that newcomers to casinos can get confused, although casino regulars are asking themselves the same question: which is the best method to use to deposit at an online casino?
Credit card benefits
One of the most popular methods for online casino deposits among players is credit cards. One of the main reasons: they are so damn convenient to use.
Depositing at an online casino is as easy as making any other purchase online. Just log in to the transaction section – “Banking”, register your card details and the amount you would like to use to play and confirm the transaction, within seconds it will be processed and you can use the deposit to play.
Another advantage of using credit cards is that they allow players to deposit larger amounts into their casino gaming accounts than other deposit methods. This is great for players who prefer to deposit a certain amount at the beginning of the month, rather than adding small amounts each time they feel like playing.
The third, but not the last, advantage credit cards have is strong protection: in a worst-case scenario, most banks protect their customers from fraud. You could say that using a credit card is a surefire way to buy yourself some peace of mind, and with cards like Visa and MasterCard, which have long facilitated payments online, you have all the advantages of using knowledgeable brands.
The downsides of a credit card
On rare occasions, some banks unintentionally (or deliberately) block transactions for online casinos. This happens very rarely, but it’s worth keeping in mind.
So is credit card really the best method to fund your casino account? We think it’s a great option! Before deciding which method to use to make deposits, weigh the pros and cons!
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