Posts Tagged ‘withdrawal methods’

Popular eWallet, PayPal, Back to Processing Payments at European Facing Online Casinos

Monday, July 26th, 2010

PayPalVerifiedWith a name like PayPal, it’s practically a given the online payment processor would be a great service to the online gambling community. And they certainly were at a given point in time – to be more precise, before the U.S. government started making threats and Google had ceased allowing online casinos to bid on AdWords.

Easy to use, quick, free, safe and secure, PayPal was, quite really, the ideal solution for getting funds transferred to and from an online casino. Furthermore, PayPal is accepted just about everywhere online. Of course there were other eWallets to partially fill the stead of PayPal, such as Neteller, Click2Pay, EcoCard, yet these two were forced to back out of doing business with U.S. customers.

However, whereas the aforementioned eWallets did not cease doing business with online casinos altogether – opting to focus on the European market and legally regulated online gambling jurisdictions – PayPal simply said no to online gambling period.

And that’s why I am happy to report great news. Guess what? PayPal is back!!!! Obviously, PayPal is not going to be doing business with U.S. online gamblers any time soon, but just like it’s competitor eWallets, PayPal is opening their virtual doors to the European online gambling industry.

Specifically, PayPal is now being accepted at the highly reputable Ladbrokes online casino. And rumor has it that Gibraltar regulated, 32Red Casino will soon be offering PayPal to their real money players. So get ready all you fans of 32Red – no more will you have to pay extra fees to guarantee your withdrawals. PayPal has your back once again!

Making Deposits and Getting Paid With the Help of eCommerce Solutions, DoughFlow

Friday, July 23rd, 2010

DoughFlowFor American’s who like to gamble at online casinos, the first task is to find a place that guarantees a fair and secure bet. In other words, the top priority is to ensure you won’t be getting ripped off by the online casino operator or some cyberspace pirate. Without going into detail about how you actually do that (check out our Best USA Casinos Page for our recommended picks), I suppose the next most important thing in an online casino are the speed and reliability of deposits and payouts.

An unfortunate reality of the passing of the UIGEA was that all of the best third-party eWallets, like Neteller and Click2Pay, stopped processing financial transactions between U.S. citizens and online casinos. And with the recent implementation of the UIGEA into enforceable law, many credit card transactions (MasterCard and Visa) are now being filtered out. Note I said “many” and not “all”. In other words, some U.S. players may still find their credit and debit cards to work beautifully at online casinos.

Of those that do, there’s a good chance the eCommerce software product, DoughFlow, is being used. Having recently showcased at the iGaming Super Show in Prague, DoughFlow is certainly on the minds of many an online casino operator looking to do business with U.S. customers.

Based in Costa Rica, DoughFlow is a licensed software product that is integrated within an online casino’s own computing environment. Allowing for custom configuration with fraud management and payment processing protocols, DoughFlow can be fine tuned to meet the individual needs of operators. For example, if an online casino does not want to accept players residing in a specific U.S. State or country for that matter, the software will filter these transactions automatically.

On the other end of the spectrum, DoughFlow provides advanced features all without the need for programming or software integration. One such advanced feature is called “intelligent transaction routing”, which ensures the highest approval rates for credit cards. Allowing for the use of multiple credit card processors, more players and more transactions can go through without needless and erroneous setbacks.

Before this starts to sound like an advertisement for DoughFlow, let me just say that it’s not. This is really for the benefit of U.S. online gamblers who want to know how it is that online casinos are able to process their deposits and withdrawals. I came across DoughFlow through the iGaming news vine and I have to say I’m very impressed with their professionalism and no-nonsense approach to getting things done.

U.S. Facing Online Casinos Help Players With Debit Gift Cards for Making Deposits

Saturday, May 22nd, 2010
Take Your Pick! Gifts Cards for Online Casinos

Take Your Pick! Gifts Cards for Online Casinos

With the June 1st deadline to enforce the UIGEA fast approaching, many online gamblers are wondering if the “stupidest law ever passed” (thank you Barney Frank) will have an affect on their online gambling activities. In other words, folks want to know if they are going to be able to deposit money – and most especially – withdraw their winnings from their favorite USA online casinos.

Basically, once the UIGEA is mandated to go into effect on June 1st, financial institutions and transaction processors are required by law to block online gambling transactions. But hold on just a second – not every online gambling transaction. You may recall that the UIGEA is filled with carveouts that allow fantasy sports betting, horseracing, and lotteries to accept online wagers. The only problem (and this is a BIG problem) is that the UIGEA does not define “illegal online gambling”, nor does it provide for any solutions or government backing in helping filter out all of the different kinds of online gambling transactions.

The American Banking Association has itself stated that effectively enforcing this law will be nigh impossible. Furthermore, there are so many ways around traditional methods of depositing with online casinos, i.e., credit cards and eWallets like Neteller and Click2Pay, which needless to say, have already enacted measures to block online gambling transactions with U.S. citizens.

One of the most effective methods being used to deposit at online casinos are credit/debit gift cards, which are essentially prepaid debit cards. Unless the U.S. government were to ban all prepaid cards (which they certainly cannot do), this method serves as a non-descript way of making “online gambling transactions”. The way it works is that cards must first be funded – either by direct deposit of paychecks, ACH money transfers, PayPal transfers or cash reloads at participating retail locations. Once the card has been funded, they can then be used to transfer funds to online casinos, poker rooms, sportsbooks, you name it. As for receiving withdrawals, worse case scenario is that players will have to wait a week or more to receive a certified check in the mail.

The question you must be asking yourself now is, “Where can I get a prepaid gift card?”. Truth be told, there are plenty to choose from. And quite frankly, there are likely to be plenty more spawned as the demand to circumvent traditional methods of depositing funds with internet betting sites continues. Remember, the UIGEA does not implicitly make the act of online gambling illegal. It simply prohibits the transfer of funds between financial institutions and online gambling businesses, which is carried out by the operators and not the bettors themselves.

In terms of fees, each card varies (there are plenty to choose from). Granted, some can get expensive. However, this is where your best friend Wal-Mart enters the picture. In addition to the swarming crowds of crazy people, Wal-Mart carries a comprehensive supply of prepaid cards, and also allows you to reload your card for future uses. Retail stores from drug stores to bodegas allow you to do the same. However, it’s Wal-Mart that imposes the lowest fees (around $3), while there’s no fee whatsoever if using the paycheck direct deposit method of funding your prepaid gift card. Depending on the card, a one-time activation fee and monthly fee may also apply.

The best way to go about finding a reliable prepaid debit gift card is to start a relationship with an online casino you would like to sign up with. In other words, open an account at a trustworthy online casino you know to do business with U.S. players (check out our Best USA Online Casinos page), and then contact the cashier while logged into your account. From there, they will be able to guide you on how to get your account funded. Just to name a few, some of the one’s players are frequenting include Green Dot (, Vanilla (, Wired Plastic (, and NetSpend ( These are considered some of the more affordable gift cards out there. For example, WiredPlastic has a one-time activation fee of $9.95 and monthly fee of just $3.95.

Visa to Prove More Difficult in Making Deposits With Online Casinos

Sunday, February 21st, 2010

Visa has announced it is now going to follow in the footsteps of MasterCard and begin to implement measures for cracking down against online gambling payments. Not a big shocker considering recent events, the news of Visa’s decision to bow down to mounting pressure from certain lawmakers (cough, cough, UIGEA lover-boy, Jon Kyl of Arizona) will nonetheless put a damper on how U.S. citizens deposit money with legitimate online casinos.

However, notice that I said the word damper – not an end. Despite what will be a sharp rise in declined Visa deposits (yes, some online casinos will very likely continue to try getting payments through), U.S. online gamblers will still have select eWallets, bank wire options and even access to “gift cards” for making deposits, like they do at Go Casino.

So why all the resistance now? Well, ever since enforcement of the UIGEA was permitted to be delayed for another six months, banks and credit card companies have no choice but to start showing they are at least making an attempt to block online gambling payments. Part of the reason why enforcement was delayed was so that banks could have more time setting up the system that would effectively block certain online betting transactions, including online casino and online poker deposits.

So far, it appears that the system is working to a certain extent. However, it is unclear whether the credit card companies can go on manually intercepting credit card payments considering the manpower needed to do so, not to mention the sheer amount of online gambling transactions being made by U.S. residents. Add to this the complicated task of sorting out “legitimate” online gambling deposits (horse racing and fantasy sports), and the already huge burden being placed on MasterCard and Visa gets multiplied by ten.

In the meantime, banks are hoping Barney Frank’s bill to overturn the UIGEA and give individual State’s the right to regulate (which Hawaii is now talking about) continues to gain momentum in the House, while chief politicians in support of online gambling regulation, such as Ron Paul, continue to rise in popularity with conservatives generally opposed to gambling.

Former Mastercard Executives Mobilizing U.S. Ready Online Gambling eWallet

Thursday, February 11th, 2010

securetradingWhen I first heard (just minutes ago) that former top-level Mastercard executives were coming up with a U.S. friendly online gambling payment processing solution in light of the recent crackdown by Mastercard on internet gambling transactions (with Mastercard’s, of course), I think I got a smile on my face as big as the time Santa gave me a beach cruiser for Christmas. No really, beach cruisers were totally rad back in the 80’s. Before I reveal my age any further, let’s just say that my smile was quickly replaced with a frown on my face as big as the time I saw a man playing with a live rooster on the floor of a moving subway car in New York City.

Okay so maybe not a frown, per say, but definitely a look of concern. As I researched further, I found out that former Mastercard executives are not necessarily cooking up some loopholed, covert payment processor that bypasses current betting restrictions in the U.S., but rather, are mobilizing a new company called Secure Trading, that will be ready to legally handle U.S. online gambling deposits and withdrawals when and if the UIGEA is overturned and online gambling regulations are passed in the U.S.

In other words, Secure Trading is yet another online gambling eWallet ready to cash in on the billions of online gambling dollars generated by U.S. citizens – As will be Neteller, Click2Pay, MoneyBookers and a horde of other eWallets currently being used by online gamblers elsewhere in world. And guess what else? So will Mastercard.

Call me a little bee-ahch, but does the world really need another eWallet that does not take bets from U.S. online gamblers! Sure, I can understand what with Mastercard in the news of late, this would seem like a relevant news bit. But isn’t this like eating a big candy bar in front of a little kid, telling the little tike in between bites that one day, maybe, he can get some candy bar too? Of course all of the eWallets and payment processors are going to jump in the U.S. market as soon as it’s regulated. They would be stupid not to.

So, my fellow U.S. citizens, let’s remember the good name of “Secure Trading”. Some day, you too may be able to use it to make a deposit with your favorite online casino.

Despite Credit Card Hit, Online Casinos Tap Business With Alternative Solutions

Wednesday, February 10th, 2010

Oy! Blocked Mastercard? Surely, you take one of these?

Oy! Blocked Mastercard? Surely, you take one of these?

The recent rise in declined Mastercard transactions at online gambling sites is definitely not just because of the Super Bowl – or at least that’s how things are looking at the current moment. Three days after the big game, bettors and online casinos alike are reporting a large number of declined credit card transactions. And to make matters worse, online casino operators are being made out to be the bad guy.

As reported by the Poker Daily News, transaction requests are still being honored by the credit card company, however, the funds are not being delivered to the player’s betting account. Instead of receiving the money, payment processors for the online betting operators (which are generally owned by the operator) are being fined by the credit card company for accepting the payment. From the player’s perspective, it looks as if the casino is stealing their money, for even though the payment is not being delivered to the player’s casino account, the credit card account is still being billed. Of course, the credit card holder does not have to actually honor the payment, but it’s nonetheless making things extremely frustrating for both players and operators alike.

According to an insider working within the payment processing sector, MasterCard is now manually intercepting transactions between payment processors and casino cashiers, for it is believed that online gambling transactions, which are automatically coded for identification purposes, were being manually uncoded so that they would not be filtered out based on having a “red flag” code. Whether or not credit card companies can actually keep this up, is very questionable.

The bottom line is that while it is convenient to use a credit card to make online gambling deposits, there are several other methods still available for players in jurisdictions like that of the USA Online Casinos in the Vegas Technology powered English Harbour Gaming Ventures – namely, Slots Galore Casino – offer bank wires for both deposits and withdrawals, and reputable third party eWallets and cash services such as UseMyWallet and QuickCash. Popular U.S. facing online casinos, Superior Casino and Rushmore Casino, accept UseMyWallet and the popular eWallet Xpress for making deposits and withdrawals. They also offer eChecks for withdrawal. Casinos such as Go Casino, accept credit card funded gift cards for making deposits, while withdrawals can be process via bank wire or certified check.

Players should note that fees are generally charged on all modes of withdrawal to a varying degree. If using a bank wire, the banks themselves will impose a secondary charge, generally for around $25. At Go Casino, the cost to process a bank wire withdrawal is 2.5% the withdrawed amount. Certified checks for withdrawal generally take more than two weeks to arrive and come with a $15 fee, while expedited courier checks via FedEx cost $35. At Slots Galore, bank wire deposits are free, while bank wire withdrawals have a flat fee of $35 ($500 minimum and $5,000 maximum withdrawal by bank wire per week). Checks and Quick Cash withdrawals also have a $35 processing fee at Slots Galore, while UseMyWallet withdrawals are free.