Should You Use Credit Cards for Depositing Real Money at Online Gambling Sites?
It has never been easier to gamble online than it is today. While we are now well beyond the online gambling boom of the mid-2000s, the laws in the United States are becoming more and more relaxed when it comes to placing bets over the internet. Most states do not have laws prohibiting users from betting online at offshore sites. Additionally, the Supreme Court’s decision to strike down PASPA (Professional and Amateur Sports Protection Act) in May of 2018 has cleared the way for sports betting to make its way into the mainstream.
While betting was taboo in the public eye in the recent past, the stigma that came with engaging in such activities is quickly fading in the US. Legalizing different forms of gambling is a good way for local and federal governments to generate additional revenue, so it’s no surprise that betting is starting to come out of the shadows.
Obviously, the advent and expansion of the internet has made gambling more convenient than it has ever been. There is certainly something to be said about making your way to the local casino for a good time, but not everyone has the time to do that. These days, placing bets from the comfort of your home computer or mobile device is the way to go.
If you’re planning to gamble online safely using credit cards, it’s important to remember that funding your account with a credit card deposit depends on where you live and which bank you use. Unfortunately, due to UIGEA regulations, lots of credit card companies in the United States will limit your options when it comes to allowing these sorts of transactions. American Express, for example, blocks any and all gambling charges.
But even with some limitations, you are still able to gamble online safely using credit cards. If you do own a card with a bank that allows you to use it for online gambling purposes, then how should you go about doing it safely? Keep reading below to learn more about how to gamble online safely using credit cards.
Depositing with Credit Cards
While American Express is dragging its feet when it comes to internet gambling, some of their competitors do allow these transactions. Visa and Mastercard, for example, are more likely to allow you to deposit money into your online gambling account using their cards.
In order to get started, all you have to do is log into your preferred gambling site. Finding a safe and reputable gambling site is the most important aspect of getting started, so be sure to read our reviews and the fine print before committing your money to a site. Once you have done so, all you have to do is enter a few pertinent personal details, including your credit card billing information.
Next, enter the amount of money you wish to deposit. After just a few seconds, the payment should process and the funds should show up in your account. If your bank refuses to process the transaction the first time, try to charge it again or consider using a different credit card from a different bank. Now, you’re good to go.
You can deposit money into your online account without having to wait in line or at the window like you would with a land-based casino. With a process this effortless, it’s not difficult to gamble online safely using credit cards. Another plus is that no legitimate gambling site will charge you a fee for depositing.
Perks of Credit Card Use
Odds are, you don’t have all the time in the world to sit around gambling. Time is of the essence, they say. One of the perks of having a handy credit card available with which to gamble online is that it only takes you a few minutes to deposit and start playing. Assuming you have found a safe site at which to play and have a passable internet connection, you should be able to get from depositing to playing within the span of 10 minutes at most. Other deposit methods, such as a wire transfer or Western Union, are far less speedy.
If you want to gamble online safely using credit cards, you can also consider using a secured credit card. This means your deposits and other transactions should have little issue going through. Cards that have not been authorized for international use will get blocked, though, which means you should notify your bank or credit card provider before making a deposit in order to make sure it clears. Utilizing a secured card with a strict limit is also a good way to ensure you don’t go overboard with your deposit. The last thing you want to be doing is chasing any potential losses by continuing to deposit cash beyond your means.
Another perk is that you do not need different credit cards in order to enjoy multiple different sites. If you have the funds and your bank allows it, you can gamble online safely using credit cards and all you really need is one. Opening different accounts just for the purpose of gambling at different sites is completely unnecessary.
One thing that should be noted is that you cannot withdraw any potential winnings via a credit card. That said, if you deposit with a debit card, just about every legit gambling site will let you withdraw into your debit card’s corresponding bank account. So, if you do deposit via credit card, be sure to have an alternative method if you want to withdraw your winnings. Sites will allow you to wire money straight to your bank account, for example, or you can request an actual check to be sent to your address in the mail.
Are Credit Cards Safe to Use for Online Gambling?
You can definitely gamble online safely using credit cards. Keep in mind that not all gambling sites are trustworthy. This is the unfortunate truth about the Wild West known as the “internet,” but taking precautionary steps and taking the time to do some research before committing to a site is required if you want to gamble online safely using credit cards.
As time-consuming as it can be, poring through reviews and rankings can help you decide which sites best suit your interests. Finding a comprehensive list of the top online casinos is easy, and reading reviews from actual users should give you a clear idea as to whether a specific site is exactly what you’re looking for.
The best sites on the web take all sorts of security precautions, so your credit card and other personal information is protected. If you’re planning to gamble online safely using credit cards, it can be intimidating to put your own personal information out there. Having some sort of reassurance that you are not at risk before doing so is a smart move. Gambling over the internet using a credit card is the most convenient way to ensure an fun and safe experience.