February 24, 2008 - A great concern for online
gamblers (at least it should be) are the banking options
offered through the casino cashier. Not only in terms of the
security of these options, players should also be concerned
with the processing speed of these methods. Fortunately,
there are several recognizable eWallets, credit cards and
money transfer services that players can count on. And now
you can chalk up yet another one.
Introducing the Mastercard Prepaid Gaming Card. What's
that you say? A prepaid Mastercard primarily used to gamble
online? Just when we thought it could never be done, two
companies - Intercash and TransSend - secured the first
rights to provide such a type of card and manage the gaming
payment program. And not only will the card allow
card-holders to withdraw cash at over 1 million ATM's
worldwide and make POS purchases at 24 million land-based
locations, it will be internationally recognized on the Web
- especially by casino operators.
So what makes it different than any other debit or credit
card you ask? Well, there is one huge difference. Winnings
are instantly transferred back to the card. Its like using a
voucher slip on a fruit machine. No more waiting around for
payment processing, the prepaid Mastercard will instantly
fund and accept money from your online casino account. No
doubt such a card will become a major hit in the UK, where
Intercash and TransSend say they will be marketing the
custom tailored program to online casinos and betting
operators.
For all you new players out there, just remember that so
long as an online casino is using 128-bit encryption to
transfer data (financial transactions), and Secure Socket
Layers to protect data stored on its servers (your personal
information), your in safe hands. The time it takes to
transfer money between a third party eWallet and a player's
account is uniform from casino to casino. However, for other
types of payments that must be handled by the cashier, such
as cheque by mail, the speed of receiving such a payout is
contingent on the casino cashier. With the prepaid gaming
Mastercard, you have instant access to your winnings.
Originally published:
February,
2008 Categories:
Online Casino
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