Consdering that some sports betting sites will offer up to 50 per cent or mare in matching bonuses to first-time accounts, that means if you were to deposit $10,000 to your sportsbook account it would instantly grow to $15,000. If you are interested in making larger wagers, American Express could be. American Express Prepaid Gambling Review – How To Use Prepaid American Express To Deposit Into Online Casinos, Sportsbooks And Poker Sites American Express is one of the more elite credit companies, and holds a certain level of respect for the brand and its cardholders.
Founded in 1850, American Express, also known as Amex, is a multinational financial services system hailing from the United States, and is one of the 30 components of the Dow Jones Industrial Average. American Express provides a variety of financial services, but they are best known for their credit cards, and Amex cards account for approximately 24 per cent of the total dollar volume of credit card transactions in the United States. An Amex card can be used for both personal and business use, with various withdrawal limits and is one of the most esteemed cards worldwide. The company is considered to be of such global worth that both BusinessWeek and Interbrand ranked it as the 22nd most valuable brand in the world, estimating the brand to be worth US$14.97 billion, and Fortune listed Amex as one of the top 20 Most Admired Companies in the world. Cards are offered in American dollars or Euro to benefit the frequent traveller or holder of foreign currency accounts. Amex is available the world over, in North and South America, Europe, Africa, Asia and Australia. Read on to learn all about American Express Online Casinos.
The Establishment of American Express
When using American Express online casinos, you can be rest assured that you are using one of the most trusted cards in the world, with a history going back to the mid-19th Century. With 166 years of experience of giving customers financial services, you can trust that your casino accounts will be in experienced and safe hands. In fact, American Express account for approximately a quarter of all card transactions in the United States. You can look at the best American Express online casinos below.
How an American Express Online Casino Works
Like every other credit card, American Express deposits and withdrawals entail giving out the details on your card to the casino you are depositing or withdrawing into. The system is safe, as all the data is stored on very secure servers, but as an added measure card details are not saved on the server in their entirety, requiring the user to enter a detail with every required use, normally a 3-digit pin from the back of the card. This ensures that even if data is stolen, it would make it much more difficult to access your account.
Banks That Take American Express
When you are using an American Express online casino, you need to register an account at that casino, select the American Express payment option from the drop-down menu, and carefully include the details required, normally this is the card number and expiry date found on the face of the card, and the four-digit CVV code found at the back of the card. Once this has been accepted, then you add the amount you want to deposit into your online casino account and any bonus code. Then you click submit and your desired deposit should be in your account almost immediately. For the high-rollers, with your Amex you can deposit much higher amounts than if you are using another payment option so you won’t have to use multiple cards to get the amount you want deposited, you can do it in one simple transaction.
Customer Support
American Express really do put the customer first in terms of the assistance they provide to their clients. As an Amex user, you are provided with individual support via telephone hotlines, through email, or you may use their extensive FAQ page on their website. Their support is available 24 hours a day, 7 days a week in several languages the world over. However, as your first port of call, contact your financial provider first with any issue as the cards are issued by third-party providers such as banks.
Membership Rewards
American Express has a system of reward points, offering some fantastic rewards on both a points-only basis and a mixed points-and-cash basis. Rewards range from Apple products and other electronics to fashion items and accessories to food and wine, experiences, sports and travel items, and executive office items by Mont Blanc. Their extensive choice of rewards ensures that there is something there to suit everyone. Their rewards are classified by country so you can be sure that whatever reward you choose is applicable in your country of residence. If you have an American Express card at your disposal, the rewards are juicy enough to entice you to choose it over anything else! As an added bonus, your membership reward points don’t expire, so you can wait until you have accumulated enough points to make the perfect purchase instead of being forced to use it on something you don’t really want. Even though American Express online casinos are a bit harder to come by, the benefits that come with accumulating points using your Amex outweigh the limited scope of casinos you can play at.
Apart from the points system, American Express offers the “American Express Select” system of membership whereby holders of an Amex card are entitled to various discounts on hotels, flights, dining and experiences.
Sportsbooks That Take American Express
The Advantages of Using American Express Online Casinos
On both the Membership Rewards Scheme and the American Express Select scheme, you may add a supplementary card of somebody you trust onto your card, and benefit from their use, by earning points for whenever they use the card. Great if you’re footing the bill or sharing the rewards! If you have a bankroll with a high figure and you wish to make large deposits when you play, then American Express Online Casinos are your best option.
The Limitations of American Express Online Casinos
Even though American Express is one of the most used cards in the world, unfortunately for American Express holders, there aren’t too many casinos that accept this banking option to make deposits into your casino account. This is because of the very strict banking regulations in the USA surrounding gambling transactions. The fees to use an American Express Online Casino also tend to be higher than other cards.
Transfer Times
As with other credit cards, deposits into your casino account will be instantaneous, this means you can play your favorite game and take advantage of that great promotion without having to wait a moment. Withdrawals will take around 3 to 5 business days on average, depending on what country you are banking in, so it is a bit slower than other cards, but faster than other banking services such as bank transfers.
Play Securely at the Best American Express Online Casinos
Amex cards are the most trustworthy cards in the business. Even though the selection of casinos you can use this card at are extremely limited, you can still play all your favorite online casino games. We have done the work for you and have put together a list of all the top online casinos where you can use your Amex. It’s particularly worthwhile for high-rollers to play at an American Express online casino due to the large deposits allowed by American Express which are not matched by any other card.
Founded in 1850 in New York, American Express has been around for 163 years. Before 1882, American Express (often called Amex) was basically a service for express mail, but later on the company ventured into the financial world.
The money order service was started first, but American Express branched out into traveler’s checks around 1891.
In 1957, the company started the credit card business which serves different clients including corporate entities, small businesses, as well as individual customers.
Nowadays, Amex is one of the most popular credit card and prepaid card brands in the United States. It’s also one of the easiest methods to use to deposit to an online casino, poker or betting site. Gambling payments made with American Express are 100% safe, secure and insured.
Gambling Sites Accepting Amex Deposits
The Amex credit card is widely accepted by websites that offer their services for money, such as shops and gaming sites. This is because the credit card has an unlimited credit amount, which is quite advantageous for both the service provider and for the individual customer. There have never been reports of these credit cards being declined during a purchase, which makes them ideal to fund online casino and poker accounts. However, there are very few websites that accept deposits via an American Express credit card. This is because using the card for real money gambling may result in an immediate cancellation. Quite obviously, having to deal with this kind of risk isn’t exactly convenient for most Amex credit card holders who are interested in online gambling.
On the brighter side, there are a few sites that have found a way around this minor limitation and provided their players with a good way to finance their online casino account. It is advisable for any new online casino player to conduct some prior research concerning the withdrawal and deposit options available to a particular casino before signing up for an account in order to avoid any inconveniences.
What Are the Pros of Using Amex?
Although Amex is not a very popular method of depositing cash into an online gambling site, there are still some advantages of using this brand of card for this purpose.
- With the unlimited credit line, you can deposit as much cash as you want into your account without any worries. This comes in handy for casino players who love gambling with large amounts of money.
- Just like any other credit card transaction, withdrawals and deposits into online casino accounts using the Amex credit card are fairly fast and don’t require a lot of effort. You don’t need consultations with any third party about your deposits or anything related to your transaction. Once your information is processed, you can start betting at your own convenience.
- In the event that your credit card is lost, the company provides fraud and consumer protection whereby you will not have to pay more than $50 for any losses incurred. This also comes in handy in case you purchase damaged goods. Therefore, the Amex credit card is widely considered to be very reliable.
What Are the Cons of Using American Express?
- Despite the availability of Amex cards, only a few casinos accept it as a means of payment. With the few limitations imposed on the credit card, it’s hard for any online casino player to evade the questions posed by the bankers.
- Online casinos don’t support Amex withdrawals. Therefore, if you use the card to finance your account, you should look for come other banking method for the purpose of cashing out. You can peruse through a list of the accepted methods of each website and choose the one that should work for you.
Gambling Sites That Accept American Express
How to Make a Deposit
If you come across a casino that supports Amex withdrawals, here is the procedure you should follow to fund you on-site account.
First, login to your account, click the cashier option, choose American Express, provide the credit card details including your card number, expiration date and the security code (the 3 extra digits at the back), enter the amount you want to deposit, use your bonus code(if you have one) and confirm the transaction.
The process usually takes between 5 and 10 minutes. There are no charges for depositing your money into your online casino account.
Is It Safe to Use My American Express for Gambling Deposits?
Many gamblers might be worried about the safety of their financial information. Theoretically, it is possible for hackers to steal information off of credit cards and attempt draining people’s accounts. However, this is not the case with the Amex card. As long as the security firewall on the website is impenetrable you shouldn’t be worried about any unauthorized third party accessing your information.
Once your deposit has been processed by your gambling operator, you will never be required to submit the information again. Once you deposit your money using the Amex credit card, your account will immediately reflect the balance and you can start betting as soon as you see fit.
Why Amex is the Best
American Express has been in the credit card business for years, but a few competitors like Visa and Mastercard seem to be preferable to different clients. Visa and Mastercard credit cards are more popular among casino operators in comparison with Amex credit cards.
Restaurants That Take American Express
However, there are several reasons why you can still bank on Amex. Since the company has been around for almost 163 years, it is more trustworthy than its contenders.
Secondly, the fact that Amex has a fraud and consumer protection clause should definitely help you relax, since they are completely insured in the event of any fraudulent activities from a third party.
Finally, the Amex credit card is perfect for high-rollers who prefer making large deposits that would allow them to join the high stakes games. This way they can bet as high as possible without worrying about the upper limit on their credit card.
If you’re a beginner and you don’t know all that much about the world of online gambling, you can always trust American Express as your financier.