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Jun
8th

The Latest Funding Options For Players In the United States

Despite last December’s ruling by the Justice Department that cleared the way for legalized online gaming in the US federal law still prohibits credit card companies, banks and other financial institutions from processing transactions related to gambling. Some credit card companies actually block transactions from land based casinos. In 2006 congress passed the ill-advised Unlawful Internet Gambling Enforcement Act (UIGEA) which was designed to pander to a tiny group of anti-gambling extremists. Although the federal government is on track to liberalize policies related to internet bingo and gaming many players in the United States still experience difficulties when trying to deposit funds or withdraw winnings at online gambling sites. Fortunately there are still several banking options available to American players.

Credit cards are still the quickest and easiest way to fund internet bingo and gaming accounts. There are a few credit card companies that allow players from the US to use their cards at internet bingo and gaming sites. When applying for a credit card players should check the policies related to internet gambling. Pre-paid credit cards are widely used by American players. Players can load pre-paid credit cards from their personal checking and savings accounts and there are usually no restrictions on gambling. Pre-paid credit cards are probably the best option available to American players.

American Express cards can be used at some sites but their use can be tricky. Because of the high merchant fees charged by Amex many bingo sites and casinos do not accept Amex cards.

EChecks are a great way for players to fund their internet bingo accounts. EChecks are directly connected to the player’s bank account and may be used for deposits and withdrawals.

900Pay is an unusual option for players. Players may make deposits at internet bingo ‘sites by charging the deposit to their home phone bill. A land line is necessary to use this option. This option can be somewhat confusing so players should make sure to read and understand all the terms and conditions.

eWalletXpress is used by many players in the United States. Players may use eWalletXpress to deposit directly from their personal checking accounts.

UseMyWallet is another reliable option available for players located in the United States.

Click2Pay is used by some American players. Unfortunately because of federal laws they are no longer accepting players from the US.

In the near future internet bingo and gambling will be legal in the United States. A few states have announced plans to offer internet gambling and Nevada is already taking license applications from internet gaming companies. In the very near future all options will be open to American players.