There are many credit card casinos available to American players. In fact, almost all online gambling platforms that are licensed and regulated in the US accept credit card deposits and withdrawals. Players from New Jersey, Pennsylvania, Michigan, and West Virginia can use popular credit card brands, such as Mastercard, Visa, American Express, and Discover to make transactions.
The main benefit of using credit cards is convenience. Connecting the card to the platform is a simple process that doesn’t take more than a couple of minutes. If you want to learn more about using credit cards in online casinos in the US, please read our guide.
The four most popular credit card providers are Visa, MasterCard, American Express, and Discover.
The most popular card by revenue is definitely American Express, which reported revenue of $47 billion in 2019. The card is one of the financial products by the American Express Company, which is one of the oldest financial services in the US. Amex was founded on March 18, 1850, and it has been operating successfully ever since.
What makes American Express stand out from the pack is that it’s also a card issuer, as opposed to other brands, which are issued by the bank. Amex can also be your banking card if requested.
Discover’s 2019 revenue $11.48 billion. Although it’s less popular than Amex, it’s still one of the US’s most used brands. It’s the third-largest credit card company based on the number of cards in circulation in the US, right after Visa and Mastercard, with approximately 57 million Discover cardholders.
The company was launched in 1985 and disrupted the industry by not charging the annual fee and offering higher credit limits. The majority of Discover cards are issued by Discover Bank.
Mastercard Inc. was founded in 1966 and was originally called Interbank, and eventually became Mastercard Incorporated. It’s widely regarded as the second most popular credit card brand globally, right after Visa.
However, Mastercard has been a bit more successful when it comes to revenue, as it created a total of $16.8 billion in revenue in 2019. Like the other three brands, Mastercard is accepted in the majority of licensed online casinos in the US.
Founded in 1958, Visa Inc. grew into the second-largest card payment organization in the world. It has been the world leader for a very long time before China UnionPay surpassed it in 2015.
Simply put, Visa is the most popular credit card brand in the western world, as it still commands approximately 50% of the credit card market. The company’s revenue in 2019 was $9.7 billion. Apart from credit cards, Visa also offers debit cards and prepaid cards, all issued by banks around the globe.
Here are the five main benefits of using a credit card as the main deposit and withdrawal option in online casinos.
You want to stay safe when you’re making online casino deposits and withdrawals with a credit card. There are many online casinos out there, and a good deal isn’t licensed by an official regulatory body. Joining such a site poses a potential risk, so you should think twice about leaving your credit card info on them. To prevent any kind of card theft, make sure to stick to reputable and licensed online gambling platforms.
Ideally, the casino of your choice should be licensed in the US. There are plenty of reputable regulators, such as the New Jersey Division of Gaming Enforcement (DGE), which has strict criteria and awards licenses only to the most trustworthy platforms. Online casinos licensed by offshore gambling authorities do not undergo such strict control, meaning some of them might not be as trustworthy as they seem, and you should stay away from them.
When visiting a casino site, check whether they have all the security protocols in place, such as SSL encryption. If there’s a locked padlock icon next to the site’s URL, it means that some security certificates are active.
Finally, don’t use credit cards from some brands that aren’t popular as there’s a chance they might be a scam. To stay safe, stick to the popular brands — Visa, MasterCard, American Express, and Discover. The four of them are also most likely to be accepted in US online casinos.
Credit cards are great, but they also feature a couple of drawbacks that you should bear in mind before using them. Let’s find out more.
The deposit process is pretty much the same regardless of your credit card brand.
If you want to use a credit card to cash out your winnings, check out the following guide.
The entire process might be slightly different for some casinos, but the guide above is definitely a good starting point. Take into account that you might have to wait up to a couple of days for the casino to review and accept your withdrawal request. This is called withdrawal pending time and is part of almost every online casino, as operators must comply with various anti-terrorist financing and anti-money laundering policies.
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