Cash Issues at Online Casinos

With the passage of the Unlawful Internet Gambling Enforcement Act, or UIGEA, banks are no longer legally allowed to process payments from online gambling establishments. There were some that were kind of doing that before, but now they are legally bound not to.

Some credit cards like Visa and MasterCard already had not wanted to see payments at online casinos, but were processing them for the most part. Before the passage of the UIGEA at least they were still processing them – at a rate of close to 100%.

Now more customers are seeing their cards declined as they are cracking down on the online casino industry. Those with debit cards are having an even harder time at it as banks are watching what people are spending their money on.

They have not yet put the final touches on the UIGEA where it makes payment processing illegal, but many banks aren’t waiting for the final say. They have started bumping any charge that looks like it came from an online casino as they know the government will come after them if they allow it through.

Some of the online casinos are using e-wallets or other payment processing as a third party go between. You can send your money though them to the online casino of your choice. This seems to be working much better for most people.